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

[JayJuanGee]

i just stumbled over the potential bullish news OF THE YEAR (if true!) (sorry fakhoury   )

(forum member elwar pointed it out in the wall observer thread.)

http://btckan.com/news/topic/20469

With the publication of the Civil Code General Provisions Draft, virtual properties and data have officially become Chinese people’s rights, what this means is that cryptocurrencies e.g. Bitcoin, virtual currencies e.g. online gaming tokens and data information, e.g. Big Data, shall all be officially recognized as Civil Right Objects.


Yesterday(June 27th ), the session of the 12th National People’s Congress Standing Committee(China’s Congress or/and Senate) was held in Beijing. The session reviewed, for the first time, the illustration on the PRC Civil Code General Provisions(Draft) Proposal, which was brought to the floor by the Chairman Meeting of the NPC Standing Committee. Within the draft, we see articles on virtual properties and data information, classifying them as new type of civil right objects, this means that virtual properties and data shall officially become people’s rights.

There are 2 articles concerning virtual properties and data information. Article 104: Objects includes immovables and movables. Specific rights or virtual properties defined as property rights objects by the Law, shall be treated accordingly. Article 108.2.8: (Intellectual Properties includes)data information.

Previously, the Constitution and the General Provisions of Civil Law had blurred articles on virtual properties, but, left room for further clarification: the Amendment of the Constitution in 2004 explicitly confirmed the protection on citizen’s legal private properties. This term of legal private properties had left great room for the clarification of Civil Law Property. While in the Civil Law,“private properties of citizens include legal income, real estates, deposits, livelihood appliances, historical relics, books and materials, forests and woods, livestock, other means of production granted by laws and other legal properties.” Virtual properties were not explicitly defined as citizen’s legal properties, but the term“other legal properties” left room for further clarification.

Also, China Central Bank’s The Notification on Preventing Bitcoin Risk in 2013 also clarified bitcoin’s nature. The Notification addressed that bitcoin is not published by monetary authorities hence lacking currency nature such as law-enforced-compensation and enforceability, and concludes that bitcoin is not a true currency. From its nature, bitcoin is a certain type of virtual commodity. It does not enjoy the same status of a currency in law. It cannot and should not be circulated and used in the market like a currency. But, bitcoin transactions is an online transaction of commodities, ordinary citizen enjoy the freedom of participation on their own risks.

if true, china is legalizing bitcoin. full blown. last bubble collapsed 2013 because china unofficially banned bitcoin. if no more "china-bans-bitcoin" damocles sword is hanging over bitcoin, rockets will ignite.

This is profound.

I believe that there is a perfect storm forming:

-Brexit, maybe more exiting,
-BTC seen now as a safe place to store wealth
-now China is accepting the inevitability of BTC
-Greenspan claiming a disaster is coming to the dollar
-The halving

A perfect storm.

Now seriously, any one of these can be positive for BTC, but the explosive possibility exists that we will be having a Bitcoin investors party for those who own a few BTC, on some tropical beech somewhere within the next two years, not to have to work another day in our lives if we wish.

This is the most fun you can have with your pants on and without wearing a straight jacket.

When you are describing "perfect storm" factors, don't forget:

- the going live of seg wit and other important bitcoin scaling / protocol changes
- early stages of lightning network
- public and BTC investor sinking in realizations that XT and Classic propaganda was bullshit
- BTC price already surpassing $500, and no matter what the FUCD spreading attempts, people are going to recognize that BTC had been supressed for about 2 years and continues in an uptrend
- ongoing networking effects (building of the bitcoin infrastruture and adoption)
- apparent early stages of a price and confidence implosion involving ETH and DAO

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[600watt]

http://www.coindesk.com/china-virtual-property-definition-bitcoin/


hm... i have to take back my bold "news of the year" claim.


bitcoin not mentioned in the draft.

[danijel]

good morning buddy
today i found this

https://www.google.nl/url?sa=t&rct=j&q=&esrc=s&source=newssearch&cd=28&cad=rja&uact=8&ved=0ahUKEwjatpef787NAhWLJcAKHTXdCPw4FBCpAgg-KAAwBw&url=http%3A%2F%2Fwww.business.com%2Ffinance%2Fdigital-bank-wb21-is-accepting-bitcoin-deposits%2F&usg=AFQjCNEgqDVUU7dShoyCx1-SsxOYbCK8yw&bvm=bv.126130881,d.ZGg

have a nice day

[Fakhoury]

[JayJuanGee]

If you were logged into their site during the minute or two following the first block of the halvening, there were fireworks going off, too, on the page... COOL!

[Hunyadi]

Enjoy 

[btcmerich]

hmm,  megaupload had around 100 million people using it if i remember this correctly. So when Megaupload 2.0 comes online and bitcoin is big part of it then we are going to see a big big raise in value i am sure. LEts hope is not all busllhit

[kehtolo]

Kim dotcom has been working on a decentralised mega for a couple of years now.

[Denker]

hmm,  megaupload had around 100 million people using it if i remember this correctly. So when Megaupload 2.0 comes online and bitcoin is big part of it then we are going to see a big big raise in value i am sure. LEts hope is not all busllhit

I wouldn't expect to much from him.He is the typical hype guy!
Furthermore he is stil being fighting extradition to the US.He also had to leave his mansion some while ago due to monetary problems.
Not sure who is willing to back him up for future projects in such a critical situation.

[Bitmore]

First China, and now Russia.  Perhaps even the controlled economies can see the advantage of a universal currency.

http://www.newsbtc.com/2016/07/13/russian-political-party-proposes-legalize-bitcoin-property-rights/



Russian Political Party Proposes to Legalize Bitcoin
Posted on 4:07 pm July 13, 2016 Author Joseph YoungCategories Bitcoin News
2



 091dadbe-2533-471d-90d4-9cf630f66b6d

Titov Boris, the Presidential Commissioner for Entrepreneurs’ Rights in Russia and the Leader of Right Cause party, is trying to lead the Party of Growth to create clear and transparent legal regime and regulations for cryptocurrencies including Bitcoin.

The Party of Growth, which represents liberal free market economy and democracy, believes that the Bitcoin blockchain technology is developing rapidly around the world, including Russia. The party proposes to legalize Bitcoin mining and officially recognize Bitcoin property rights.

During an interview with TASS, a Russian news agency which has worked closely with various Russian government organizations for well over a century, Boris stated the importance of cryptocurrencies such as Bitcoin in the economy of Russia and its impact on the finance industry.

“We [Party of Growth] estimate that over 2 million Russian citizens have opened their own Bitcoin wallets,” stated Boris. He further emphasized that the Bitcoin blockchain technology and its merits could positively contribute to the struggling economic situation of the nation.

“Russia can take advantage of the difficult economic situation Russia is dealing with today by opening up to the blockchain technology,” continued Boris.

With the help of Titov Boris, the Party of Growth will make changes to the law on foreign investments to attract foreign investors to invest in Bitcoin startups and mining firms in Russia. Boris hints that the party could convince the government to remove restrictions on investments in Bitcoin to spur the growth of the digital currency in the country.

The Party of Growth also plans to utilize the Bitcoin blockchain to conduct conventional government operations. Specifically, Boris explained that using the timestamp of Bitcoin transactions, the Russian court can secure their records and data onto a irrefutable decentralized ledger.

Over the past few years—despite several appearances of Russian president Vladimir Putin on national television to discuss the legality of Bitcoin in Russia—Russia still hasn’t establish any form of regulations or clarifications on the status of digital currencies and the rights to use them to settle financial transactions.

The statement of the Party of Growth and Titov Boris will lead the Russian government to officially recognize Bitcoin as an asset and allow Russian citizens to trade the digital currency without dealing with unsettled policies.

Image Source


http://www.newsbtc.com/2016/07/13/russian-political-party-proposes-legalize-bitcoin-property-rights/

[JayJuanGee]

With the about 2% upwards BTC price bump in the past several hours (prices currently floating in the $678 to $680 territory), I was kind of in the mood for some bullish news, and maybe the below article will need to be sufficient, at least in that the article discusses manners in which governmental and financial institutions are having to consider various strategies in respect to the categorization and treatment of bitcoin.

http://www.reddit.com/r/Bitcoin/comments/4ta70j/bitcoin_is_forcing_the_irs_and_central_banks_hands/

[Bitmore]

I may be the eternal optimist, so be forwarned, but I see the stability in the slow growth in price after the halving as a long term good sign.    If there were massive volatility in price gyrations it would be a sign Bitcoin was seen as a vehicle to make money from the volatility as opposed to a store of wealth with intrinsic value.

[JayJuanGee]

Even though I have not read the book:

Digital Gold,


it seems to be a very informative book related to bitcoin.


Also, if anyone has a free link to the movie, "the end of money as we know it," I would be interested in watching the free version of such movie.  

Below is a link to the trailer:


 
https://www.youtube.com/watch?v=lUF6klWuB38
 

[JayJuanGee]

Even I will concede that the article that is attached in the below linked reddit thread is quite a bit more optimistic than myself, but it still gives some decent discussion of bitcoin developments and potentiality in the Caribbean.

http://www.reddit.com/r/Bitcoin/comments/4tyfqu/bitcoin_expected_to_become_part_of_everyday_life/

[JayJuanGee]

Here's another decent bullish bitcoin article with some overview analysis of today's price and discussing the current state of bitcoin..

In sum, it is saying that BTC prices could go up or down from here, but in the long term seem to be a good bet to go up further.

Seems pretty well written, even for a newbie to bitcoin to get some ideas from this.

https://99bitcoins.com/why-is-bitcoin-going-up/

[Bitmore]

So we have a pennant formation and it signals imminent breakout.

What do you all think? 

https://news.bitcoin.com/bitcoin-breakout-technical-analysis/

I am bullish, and buying as I can, every month.

[JayJuanGee]

So we have a pennant formation and it signals imminent breakout.

What do you all think? 

https://news.bitcoin.com/bitcoin-breakout-technical-analysis/

I am bullish, and buying as I can, every month.

Yeah that article describes some backing up rationale of a bullish pennant formation and the signaling of an upwards breakout that may be coming in the near future.

I have no problem with upwards price movements from here, however, I am personally thinking that we may have a bit more of a chance for another downward correction and attempt to test various downward price resistance points, prior to the price breaking upwards, like maybe at least to $630 and possibly a bit lower, maybe even a bit below $610, but I am certainly no expert in these inclinations and I am certainly prepared for either price direction.
 

[Chef Ramsay]

What happened to Fak, did he abandon his post?

[Fakhoury]

What happened to Fak, did he abandon his post?

Nope, I'm here

Will continue posting so soon, thanks for asking my dear friend, apperciated

[dmwardjr]

Even though I have not read the book:

Digital Gold,


it seems to be a very informative book related to bitcoin.


Also, if anyone has a free link to the movie, "the end of money as we know it," I would be interested in watching the free version of such movie.  

Below is a link to the trailer:


 
https://www.youtube.com/watch?v=lUF6klWuB38
 

https://www.youtube.com/watch?v=zdU4E8a3wVQ