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Title: [2016-02-18] Insider Says This Could Send Bitcoin Prices Skyrocketing Post by: BitN on February 18, 2016, 09:45:41 PM Negative interest rates and efforts to ban cash money could help bitcoin prices soar in the coming few months.
That prediction was made over Twitter by Barry Silbert, the head of Digital Currency Group, who also cited mobile growth, capital controls, and currency wars. “I couldn’t dream of more [sic] bullish case for bitcoin,” he tweeted on Tuesday. Bitcoin is the currency of the Internet. It is mined with high-powered computers and operates with a distributed ledger that contains the payment history of every circulation. One bitcoin is currently traded at US$419.00. The currency has rallied 30% from its three-month low of $322.00, registered on November 24. Many economies may shortly adopt negative interest rates—charging commercial banks for the privilege of holding reserves with the central bank. Countries accounting for almost a quarter of the global gross domestic product (GDP) now have sub-zero interest rates, including the eurozone, Switzerland, and Japan. Markets now attach a 10% chance (four-times higher than the start of this year) that the Federal Reserve will impose negative rates over the next 12 months in response to softer current economic activity indicators. (Source: “The consequences of negative interest rates,” CNBC, February 17, 2016.) On Monday, the European Central Bank (ECB) said it was considering eliminating the 500-euro note, describing the bill commonly used by savers as an instrument also favored by criminals. (Source: “European Central Bank Weighs Eliminating 500-Euro Bill,” The New York Times, February 15, 2016.) Bitcoin was created in 2008 under Satoshi Nakamoto—a programmer or a group of programmers—and does not operate under an administrator, like a central bank. Rather, a network of volunteers validate transactions via their computers. https://bitcoininthenews.com/?q=Insider-Says-This-Could-Send-Bitcoin-Prices-Skyrocketing Title: Re: [2016-02-18] Insider Says This Could Send Bitcoin Prices Skyrocketing Post by: indiemax on February 18, 2016, 09:57:29 PM Lots of stuff going on in the world right now could trigger Bitcoin
Interesting times indeed ;D Title: Re: [2016-02-18] Insider Says This Could Send Bitcoin Prices Skyrocketing Post by: Racey on February 18, 2016, 10:09:54 PM Insider? who, what is that supposed to mean, I wonder.
Bitcoin could very well skyrocket, esp with the currency wars coming up, and the Fed rates at 0% percent. Zero percent hits the poorest among us. The fed need to be disbanded imo. Title: Re: [2016-02-18] Insider Says This Could Send Bitcoin Prices Skyrocketing Post by: crazywack on February 18, 2016, 10:51:33 PM While the world burns we will be rewarded for the forsight and trust in Bitcoin.
Title: Re: [2016-02-18] Insider Says This Could Send Bitcoin Prices Skyrocketing Post by: randy8777 on February 19, 2016, 02:19:56 PM While the world burns we will be rewarded for the forsight and trust in Bitcoin. people simply don't realize what the real potential of bitcoin is. they most likely see it as something shady that is being used in the deep web only. when these ignorant people do realize that bitcoin has become a solid currency/investment throughout the years, they will definitely blame themselfs for not having trust in bitcoin at the very beginning. |