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Coinbase is wicked fast and is based in the US (for what it's worth)
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More sellers than buyers...it's as simple as that.
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exposure onBloomberg is good
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The 1% of Bitcoin own a great share of bitcoin than the 1% of the Dollar
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only if the sellers keep selling
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No.  Care to elaborate to everyone on what your analysis tells us? |
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Halving reduces the current growth rate of supply. The fact that it becomes more expensive to mine reduces growth rate of supply. If demand stays the same the reduction in growth of supply will eventually not be able to keep up with demand, thus forcing buyers to bid up the price.
It'll be interesting to see how it plays out.
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There's no need for more than one cryptocurrency, and Bitcoin won that race.
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tick that one off, big pump incoming tomorrow
Is this an echo from every day since July? |
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Can we delete this thread?
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Volatility is what will keep full major retailer adoption.They can't risk losing their revenue due to foreign currency exchange volatility (i.e., USD/EUR/GBP/YEN to BTC conversion swings.)
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This is an interesting observation but I think it's driven by people that don't understand what bitcoin is supposed to be. If bitcoin is a medium of exchange (which it is) then the growth or decline of its value per fiat doesn't matter. It's stable price matters, but not whether it's stable at $50/BTC or $5000/BTC...only that it is stable.
The press unfairly equates the $/BTC conversion to success or failure and they do so only because it's an easy, dramatic story to tell....afterall, most media outlets are in the business of sell drama.
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How tough was it to adjust to the loss of value of your 12/31 paycheck and 1/14?
I think your effort and intent is bold and important, but the reality is that the value of all products and services is still based on fiat prices. If your 12/31 paycheck earned you BTC10 (at $319 per BTC) and the USD price per BTC is $174 on 1/14 you've lost half of your purchasing power from that 12/31 paycheck. How do you handle that?
Your 10 coins from 12/31 can only buy $1740 in goods and service, compared to your hypothetical $3190 pay two weeks earlier.
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Harsh article. But the media are just doing their job.
And what's that, the spread of misinformation and unwarranted hype? |
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Who are the two people that paid a high of a nickel!?!
I hope the lot they purchased was in the 1000's....and I hope they still own them, what a mint they have!
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IMO, by standard definitions, anyone who is "in" before Bitcoin has nibbled itself a solid 2% of any given market is an early adopter.
That's the thing, I don't think a lot of Bitcoin users really realise just how much of an early adopter they are, barely anyone knows about about Bitcoin nevermind has a real understanding of economics, that said, it is fairly amusing seeing people accuse me of having a hoard of Bitcoin stashed away and being incredibly rich when I hardly have anything right now. That said, that could all easily change this year because things are going to be epic. This implies that people that own Bitcoin have a real understanding of economics, with all that "double by December 2015" talk last summer... |
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media is saying the truth. Bitcoin is a bubble, full of speculators and manipulators(including the big exchangers). of course, there are some dreamers and honest people who thinks that they will be rich fi they use Bitcoin. Bubble with 1 MIL people only  I like to remember that. People are comparing them to beanie babies...would you agree? |
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http://money.cnn.com/2015/01/15/investing/bitcoin-prices/index.html?iid=HP_LNAnyone want to help spread education and good word about Bitcoin? Go to the CNN Money article (link above) and leave comments to help educate readers. It's amazing the misinformation and general bullshit being spread. One person referred to Bitcoin as a company!? The article, for the most part, puts Bitcoin in a positive light.
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