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Author Topic: The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)  (Read 253110 times)
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peonminer
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December 08, 2015, 04:22:25 AM
 #1561

BTCitcoin is about to moon!

 The world economy just got canned! BTCitcoin is more valuable than ever right now! The price will soon reflect!

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On Monday, the price of U.S. oil dropped below 38 dollars a barrel for the first time in six years.  The last time the price of oil was this low, the global financial system was melting down and the U.S. economy was experiencing the worst recession that it had seen since the Great Depression of the 1930s.  As I write this article, the price of U.S. oil is sitting at $37.65.  For months, I have been warning that the crash in the price of oil would be extremely deflationary and would have severe consequences for the global economy.  Nations such as Japan, Canada, Brazil and Russia have already plunged into recession, and more than half of all major global stock market indexes are down at least 10 percent year to date.  The first major global financial crisis since 2009 has begun, and things are only going to get worse as we head into 2016.

Analysts at Goldman Sachs are even more pessimistic than that. According to Business Insider, they are saying that we could eventually see the price of oil go below 20 dollars a barrel…

At OPEC’s meeting on Friday, member countries decided to set its production level at 31.5 million barrels per day, and did not agree on what the new limit should be.

After OPEC’s meeting, commodity strategists at Goldman put out a note saying that oil prices could plunge another 50% in the coming months, as the oil market tries to rebalance the supply and demand situation.

That may sound really good to you, especially if you fill up your gas tank frequently.  But the truth is that plunging oil prices are exceedingly bad for the U.S. economy as a whole.  In recent years, the energy industry has been the primary engine for the creation of good jobs in this country, and now those firms are having to lay off people at a frightening pace.  Not only that, CNBC’s Jim Cramer is warning that many of these firms may actually start going under if the price of oil doesn’t start going back up soon…

Former global macro fund manager Raoul Pal says there’s now a 65% chance of a global recession.

What amazes me is that so many people out there cannot see what is happening even though the next great crisis has already started.  The evidence is all around us, and yet so many choose to be willingly blind.

Instead of fixing our problems after the last crisis, we just papered them over with lots of money printing and lots more debt.  And of course all of this manipulation just made our long-term problems even worse.  I really like how Peter Schiff put it recently…

What’s happening is pretty much what we would anticipate. I don’t see from the data any real economic recovery, certainly not in the United States.

We’re spending more money, but it’s not because we’re generating more wealth. We’re generating more debt. We’re using that borrowed money to consume and so temporarily it feels that we’re wealthier because we get to spend all that money… but we have to come to terms with paying the bill.

The bills are going to come due. Right now interest rates are being kept at zero which makes it possible to service the debt even though it’s impossible to repay it… at least we can service it. But once interest rates go up then we can’t even service it let alone repay it.

And then the party is going to come to an end.

Indeed – the party is coming to an end, and a new financial crisis is playing out in textbook fashion right in front of our eyes.

Hopefully you are already prepared for what is coming next, because it is going to be extremely painful for the U.S. economy.



http://beforeitsnews.com/alternative/2015/12/guess-what-happened-the-last-time-the-price-of-oil-plunged-below-38-dollars-a-barrel-3254062.html

Quote
Brent and U.S. crude settled at or near February 2009 lows in belated reaction to the Organization of the Petroleum Exporting Countries' (OPEC) policy meeting on Friday which ended without an agreement to lower production.

"Price-wise, the market could be going for max pain after this," King said.

http://www.reuters.com/article/us-global-oil-idUSKBN0TQ03V20151208

Quote
Stocks have given back nearly half of Friday's big gains following a steep sell-off today for oil and industrial metals. The energy sector by far has been the biggest loser among the 10 industrial sectors in the S&P 500 after crude oil prices plunged to a seven-year low.

http://www.nasdaq.com/article/stocks-sell-off-as-oil-plummets-to-seven-year-low-cm551132

BTCitcoin officially FULL BULL MODE

Sorry Lambie. Your central banky facade is about to come to an end. Forever.

Thanks for sharing.  I like Peter Schiff as well.

That's why I'm investing quite a bit in bitcoin right now.  I feel it may be the only chance my family has to survive a LONG recession/depression.  You know what usually follows a depression:  WAR

And this next WAR might go nuclear.  The elites want a war to take the blame off of themselves for wrecking the world economy.

Even when fiat is becoming useless they still want to take it all. Cheesy It was my obligation to share as a community member. This is huge. The economy is officially crashing. Hedge in BTCitcoin while it's still under the ATH. Cool

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December 08, 2015, 04:24:48 AM
 #1562

Even when fiat is becoming useless they still want to take it all. Cheesy It was my obligation to share as a community member. This is huge. The economy is officially crashing. Hedge in BTCitcoin while it's still under the ATH. Cool

Totally agree...

I'm all I can.  I've purchased over $30K in bitcoin in the past week alone.

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December 15, 2015, 01:11:26 AM
 #1563

I have such mixed feelings.   

I have a couple bitcoins, so I am happy, but the economy is crashing which makes me sad.

This could get rough for everybody.

Buy Bitcoin!
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December 15, 2015, 01:56:19 AM
 #1564


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December 15, 2015, 04:54:32 AM
 #1565

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I like Peter Schiff as well.

That's why I'm investing quite a bit in bitcoin right now.

Schiff himself is not in favour of bitcoin though he sees parallels to the anti dollar theme, he recommends gold over anything 'virtual'.    One of his co hosts on his old show was in favour of bitcoin though, a radio DJ I forget his name now though

Oil is really plumbing new depths now, its very unpopular.  There is FOMC this weekend which may be the last big 'news' of this year, not sure it'll alter any precedent really.   Almost always the market overshoots to both negative and positive swings

http://money.cnn.com/2015/12/14/news/economy/russia-30-oil-budget/index.html

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December 22, 2015, 03:02:07 AM
 #1566

https://www.indiegogo.com/projects/tixie-the-money-clock#/


The tixie digital Bitcoin ticker project is live at indigogo. The Bitcoin finding page doesn't seem to be up yet but not that bad of a price in my opinion.

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December 23, 2015, 11:50:57 AM
 #1567

Fakhoury where are you? I miss my 1 stop BTC news source!

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December 23, 2015, 02:05:21 PM
 #1568

Fakhoury where are you? I miss my 1 stop BTC news source!

Me too!

I miss the good news to go with recent gains we have had.
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January 18, 2016, 12:50:35 AM
 #1569

I think I'm back again, let's start with some of the bullish news we have going around us.


News URL : https://www.cryptocoinsnews.com/global-economic-outlook-financial-meltdown-fest/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 12:52:41 AM
 #1570


News URL : http://www.nytimes.com/interactive/projects/cp/reporters-notebook/moving-to-venezuela/venezuela-currency

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 12:53:30 AM
 #1571


News URL : http://bitcoinnewschannel.com/2016/01/17/to-mike-hearn-gavin-andresen-the-wall-street-journal-bitcoin-will-never-die/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 12:55:35 AM
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News URL : http://www.coinspeaker.com/2016/01/11/capital-of-lithuania-to-host-baltics-largest-bitcoin-and-blockchain-conference/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 12:57:18 AM
 #1573


News URL : https://news.bitcoin.com/lottery-for-the-poor-bitcoin-for-the-rich/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 12:59:02 AM
 #1574


News URL : http://www.mediamaxnetwork.co.ke/people-daily/192730/bitcoin-popularity-grows-despite-regulators-jitters/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 01:02:40 AM
 #1575


News URL : http://www.coinfox.info/news/company/4441-german-travel-websites-get-new-tool-for-bitcoin-adoption

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 01:04:39 AM
 #1576

Over 1 million total btc worth of transactions in 1 block. Network spam or not that's still 380 million dollars worth of value being moved around effortlessly.


Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 01:07:08 AM
 #1577


News URL : http://tpbit.blogspot.ca/2016/01/stanford-university-and-its-native.html

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 01:08:04 AM
 #1578


News URL : https://www.reddit.com/r/Bitcoin/comments/41a2cy/bitcoin_didnt_fail_mike_hearns_plan_did/

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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January 18, 2016, 06:57:23 AM
 #1579

Wow great to have you back Fakhoury! Hope things in your life have settled down. I missed your updates Smiley

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January 18, 2016, 03:09:55 PM
 #1580

Wow great to have you back Fakhoury! Hope things in your life have settled down. I missed your updates Smiley

Somehow my friend, me too, I missed all of you, but you more to be honest Smiley

Quote from:  Satoshi Nakamoto
Feb. 14, 2010: I’m sure that in 20 years there will either be very large transaction volume or no volume.
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