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

[Fakhoury]

News URL : http://www.ibtimes.co.uk/mining-giant-btcc-talks-about-bitcoin-price-pop-1565189

[1713258248]

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[1713258248]

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[Fakhoury]

News URL : https://www.genesis-mining.com/infographic/what-do-leaders-say-about-bitcoin

[Fakhoury]

News URL : https://medium.com/@rextar4444/the-new-era-of-nashian-economcis-meme-storyboard-for-john-nashs-proposal-for-ideal-money-dd529039f221#.yr57ry866

[Fakhoury]

News URL : https://www.reddit.com/r/Bitcoin/comments/4nxhom/bitcoin_standing_confidently_in_environment_of/

[Fakhoury]

News URL : https://news.bitcoin.com/bitcoin-finances-international-students/

[Fakhoury]

Meanwhile, in St Louis, 16 teams are competing for $25k in Bitcoin. Thomson Reuters and RGA fielding teams too.. FedEx, Northwestern Mutual, State Farm, EY, AIG, AstraZeneca, Boeing, Nestle, HCA and many more in attendance. Corporate world salivating....

News URL : https://twitter.com/davidfbailey/status/742432983991390213

[Fakhoury]

[Fakhoury]

News URL : https://www.reddit.com/r/Bitcoin/comments/4nvf19/soon_1_btc_1_ounce_of_gold/

[Fakhoury]

News URL : https://www.reddit.com/r/Bitcoin/comments/4nu7cw/the_more_i_think_about_it_the_more_i_realize/

[Fakhoury]

On the front page of the most visited news site in The Netherlands.

[LFC_Bitcoin]

Love the work Fakhoury especially in a big bull run Good times, keep up the great work brother.

[Fakhoury]

Love the work Fakhoury especially in a big bull run Good times, keep up the great work brother.

I will always do my best friend, take care

[Fakhoury]

News URL : https://twitter.com/TraceMayer/status/742336715545673728

[Fakhoury]

News URL : https://twitter.com/JanusCapital/status/740907764046659584

[Fakhoury]

News URL : http://www.coindesk.com/five-factors-driving-bitcoin-price-demand/

[Fakhoury]

News URL : https://twitter.com/cnLedger/status/742157868455985153

[JayJuanGee]

News URL : http://www.coindesk.com/five-factors-driving-bitcoin-price-demand/

That's a pretty decent article, Fakhoury.


One thing that I find interesting about the 4th point is that the assertion is that the price went up because there was a lack of liquidity on exchanges, so a low number of buyers were able to push the price up.


That's a bunch of bullshit as an explanation, even though it is technically true; however, the actual practice is that bitcoin's are much easier to move than fiat.  Accordingly, if people wanted to move their bitcoins to the exchanges to sell them for a "higher" price, then of course they could easily accomplish such in an hour. 

The fact of the matter seems to be that either bears are running out of coins, and/or regular folks are not wanting to sell at these prices when they see the prices continuing to go up.

Anyhow, it is a bit of a laughable and misleading explanation, even though it does give some insight regarding what happened over this past weekend.. and which seems likely to continue... at least at this point, unless we start to see an increasing number of folks wanting to sell coins (either bearwhales or regular folks), yet it seems that there continues to be upward price pressures, which could change at any moment, but for now, upwards is still looking good.

[hacknoid]

Wow... didn't realize the Russian ruble price had not gotten higher in the past.  *sigh* I miss those ATH lightning bolts.

At current valuation of Canadian dollar, we are quite close to the ATH for CAD daily weighted price.  Hopefully soon!


Thanks for posting the updated news, Fakhoury!

[Fakhoury]

News URL : http://www.coindesk.com/five-factors-driving-bitcoin-price-demand/

That's a pretty decent article, Fakhoury.


One thing that I find interesting about the 4th point is that the assertion is that the price went up because there was a lack of liquidity on exchanges, so a low number of buyers were able to push the price up.


That's a bunch of bullshit as an explanation, even though it is technically true; however, the actual practice is that bitcoin's are much easier to move than fiat.  Accordingly, if people wanted to move their bitcoins to the exchanges to sell them for a "higher" price, then of course they could easily accomplish such in an hour. 

The fact of the matter seems to be that either bears are running out of coins, and/or regular folks are not wanting to sell at these prices when they see the prices continuing to go up.

Anyhow, it is a bit of a laughable and misleading explanation, even though it does give some insight regarding what happened over this past weekend.. and which seems likely to continue... at least at this point, unless we start to see an increasing number of folks wanting to sell coins (either bearwhales or regular folks), yet it seems that there continues to be upward price pressures, which could change at any moment, but for now, upwards is still looking good.

I agree with you my friend.

Usually I find coindesk not a such reliable source of news to depend upon to be hones,t but I found this article good to be shared.

I believe we are in a middle of a big rally which will satisfy the most of us

Wow... didn't realize the Russian ruble price had not gotten higher in the past.  *sigh* I miss those ATH lightning bolts.

At current valuation of Canadian dollar, we are quite close to the ATH for CAD daily weighted price.  Hopefully soon!

Thanks for posting the updated news, Fakhoury!

You are most welcome buddy and don't worry, you will see those lighting bolts a lot in the coming months/years

[Fakhoury]

News URL : https://medium.com/@GuusB/bitcoin-is-not-a-speculative-investment-at-all-d2a6a6b95735#.z1n87i49e