The Bullish Bitcoin Media Center (The ONLY Bullish Bitcoin News Thread)

[crazywack]

Great job Fakhoury, ganna take me some time to read threw the 3 pages of news

Skimmed the titles and seems to be a treasure trove!

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[adaseb]

Buying millions of dollars of worth of miners is just as bullish on price as buying the coin themselves.


https://bitcointalk.org/index.php?topic=1072474.560

More than three months after I left HaoBTC mine and returned to the Beijing office, it was with utter surprise and unexpectedness, I met two of my former co-workers again.
Zhong Zitao and Guo Peng are here to escort a bunch of Avalon 6 miners back to Kangding.
Usually hired trucks deliver the products, but to ensure safety, we always put our own people in the driver’s compartments to supervise the transport.
Here are some updates regarding our mine in Kangding.
1.   A few days after I left, the company reached partnership with another hydropower station and purchased all the surplus power they couldn’t sell. A new factory was constructed and is ready to be fitted with new miners.
2.   The company sold 2P worth of old miners to make space for the new 16nm ones. We have paid the money but there had been delay. Once all the new miners are installed, we expect our hashrate to reach 20 P by mid-2016.
3.   Some people, many working at the hydropower station, bought bitcoin to speculate after the price spike earlier this month, and some got burned after the price plummeted.
4.   One worker quit - he needed girlfriend.
Friday, we went to Avalon, arguably the longest-lasting Chinese miner manufacturer. There we were met by two of their employees and together we drove two hours in drizzle to Langfang, Hebei, where the machines were assembled. The factory, located in a barren-looking suburban “industry park” is modest in size. By the number of electrical bicycles - the most popular means of commute in small cities these days, parked, I estimate that the employee number is between 50 and 100.
Photo-taking was generally not allowed, though I managed to take a few snapshots.
The new machine features the latest 18nm chips. Each shiny unit packed 3.65 T hash power and consumes 1050 watt of electricity, according to the company’s own website - we have yet had a chance to test them out to verify the number.
The price on their website is 10BTC per unit, though I can’t reveal the specific price we paid, it is much cheaper than this and even cheaper than the 8,000 yuan per unit price in the market.
In total, we have bought 1,600 units of A6. The first truckload of 800 will leave the factory today and the rest will leave on Monday.
My colleague Xiaoxiao told me that once all the new miners, including other batches ordered from Antminer and another manufacturer, the total hashrate will eventually stabilizes at 21 to 25 P.

[dmwardjr]

News URL : http://www.wired.com/2015/11/coinbase-unveils-countrys-first-bitcoin-debit-card/?utm_content=buffer4c5cb&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer

I'm not doing jack shit with this card. I refuse to get it. If you read the card agreement, it allows the government to have access to your coin base account to freeze it, take funds from it, confiscate your funds, etc.  it really pisses me off. That's why I'm looking forward to prutus.  

Damn coin-base working with the government to seek "control" over us!

I only put what funds I need to transfer into bank account to pay bills on my internet banking. I will be glad when we have a means of paying bills in the US with bitcoin. Then I won't need coin-base.

[dmwardjr]

Quote from the article listed below:  

"Technologies such as blockchain - a decentralised public ledger of electronic transactions that underpins digital payment methods such as bitcoin - could be adapted to develop the eSDR. The authors said that issuing eSDR could help ease a liquidity gap that could open in 2017 when central banks in Japan and Europe are expected to end quantitative easing.

The growing global use of bitcoin has stoked interest in the development of digital currencies, even among banks and governments. (Additional reporting by Kevin Yao; Editing by Jacqueline Wong and Sam Holmes)"




http://www.reuters.com/article/2015/11/17/china-currency-sdr-idUSL3N13C14720151117#ZvdE7LJcmjFmkluL.97

[dmwardjr]

http://www.coindesk.com/bitcoin-taiwan-retail-familymart/

[dmwardjr]

http://www.newsbtc.com/2015/11/30/most-secure-bitcoin-wallets-2016/

[dmwardjr]

http://bitcoinist.net/bitcoin-vs-blockchain-inside-bitcoin-speakers-weigh/

[dmwardjr]

I hardware wallet all of us [especially miners with lots of bitcoin in reserve] may be interested in as an alternative to Trezor:



https://www.keepkey.com

http://cointelegraph.com/news/115772/keepkey-and-trezor-bitcoin-vaults-in-your-pocket

[dmwardjr]

https://news.bitcoin.com/tixie-bitcoin-price-ticker-can-keep-next-bed/

[crazywack]

https://news.bitcoin.com/tixie-bitcoin-price-ticker-can-keep-next-bed/

Wow need this! Way better than seeing how many hours left till I have to get up or go to work. 

[dmwardjr]

https://news.bitcoin.com/tixie-bitcoin-price-ticker-can-keep-next-bed/

Wow need this! Way better than seeing how many hours left till I have to get up or go to work. 

Agreed.  I'm thinking about getting one.

[Fakhoury]

Thanks so much for keeping the thread alive guys, I promise, I will be back.

Again, really thank you so much.

[crazywack]

https://news.bitcoin.com/tixie-bitcoin-price-ticker-can-keep-next-bed/

Wow need this! Way better than seeing how many hours left till I have to get up or go to work. 

Agreed.  I'm thinking about getting one.

Site wasn't to friendly with my browser, or it could of been a poor connection on my side at work. I couldn't find any info on the funding for this project. If it's somewhere under $100 or BTC equivalent I might pick one up

[crazywack]

Thanks so much for keeping the thread alive guys, I promise, I will be back.

Again, really thank you so much.

Hope things are going well and at why your busy

[dmwardjr]

Thanks so much for keeping the thread alive guys, I promise, I will be back.

Again, really thank you so much.

Sure, no problem...

[dmwardjr]

http://video.foxbusiness.com/v/4639627267001/digital-currency-ceo-definition-of-a-bank-is-going-to-change/?#sp=show-clips

[peonminer]

BTCitcoin is about to moon!

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

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

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

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.

[dmwardjr]

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.

[The Sceptical Chymist]

I don't fully understand the reasoning behind a btc debit card--I get that it makes btc very easy to use, but it kind of defeats what btc stands for (which a lot of others have mentioned).

However...having them available is extremely bullish if it causes greater adoption, and this might just be what btc needs.

[dmwardjr]

I don't fully understand the reasoning behind a btc debit card--I get that it makes btc very easy to use, but it kind of defeats what btc stands for (which a lot of others have mentioned).

However...having them available is extremely bullish if it causes greater adoption, and this might just be what btc needs.

Totally agree.  After reading Coinbase user agreement for their new debit card, I decided against it.  The government can freeze my funds for whatever reason they make up.  Cypress comes to mind...