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

[Bitmore]

It would seem a world banking collapse might be 'Bullish' for BTC, no?

http://investmentwatchblog.com/how-deutsche-banks-35trillion-of-trades-puts-europe-in-peril-warnings-that-failure-could-bring-global-system-crashing-down/

[1713862577]

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[1713862577]

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[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
 

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

Thanks dmwardjr.  That is a great link, and don't even have to use torrent (at least while it is still available... in other words, if anyone here is interested in watching for free, they should do so, while the link is still available and active).

[dmwardjr]

Thanks dmwardjr.  That is a great link, and don't even have to use torrent (at least while it is still available... in other words, if anyone here is interested in watching for free, they should do so, while the link is still available and active).

You're very welcome.  I'm watching it myself shortly.  I just got back from a ten day vacation in Florida and got caught up on news.

[JayJuanGee]

Thanks dmwardjr.  That is a great link, and don't even have to use torrent (at least while it is still available... in other words, if anyone here is interested in watching for free, they should do so, while the link is still available and active).

You're very welcome.  I'm watching it myself shortly.  I just got back from a ten day vacation in Florida and got caught up on news.

I found it to be interesting, but very broad theoretically about the history of money and bitcoin's roll in that evolution.

I watched it with a "friend," and recognizing that it was late at night, she was excited about it but fell asleep  about half way through it... while claiming that she had not fallen asleep... so it is not exactly a riveting nail biter.  hahahaha

[Hunyadi]

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

very good documentary. Thank you!

[dmwardjr]

very good documentary. Thank you!

Just finished watching it myself.  Yes, it was good.  Thoroughly enjoyed it.

[JayJuanGee]

Not much posting in the bullish news media thread, lately...



I' m thinking that sooner or later, it seems that these various news segments regarding BTC buying pressures will result in additional upwards BTC price movements.  The below news concerns increased buying in Japan.



http://www.reddit.com/r/Bitcoin/comments/4xxhcx/tokyo_bitcoin_trading_volume_is_soaring_in_japan/

[Chef Ramsay]

Fak gave up on bitcoin and went awol.

[Fakhoury]

Fak gave up on bitcoin and went awol.

At all brother, the sea of "twitter" is so deep and it seems to be I'm "drowning" in it.

[JayJuanGee]

Fak gave up on bitcoin and went awol.

At all brother, the sea of "twitter" is so deep and it seems to be I'm "drowning" in it.

Save yourself, and come back to us....


 

[Fakhoury]

Fak gave up on bitcoin and went awol.

At all brother, the sea of "twitter" is so deep and it seems to be I'm "drowning" in it.

Save yourself, and come back to us....


 

To be honest brother, I feel shy from you and Chef Ramsay, you used to like the things I post and I'm not sustaining this anymore.

But I will do my best to come back as soon as possible, promise.

[JayJuanGee]

Fak gave up on bitcoin and went awol.

At all brother, the sea of "twitter" is so deep and it seems to be I'm "drowning" in it.

Save yourself, and come back to us....


 

To be honest brother, I feel shy from you and Chef Ramsay, you used to like the things I post and I'm not sustaining this anymore.

But I will do my best to come back as soon as possible, promise.

Any bullish news postings in respect to bitcoin are good... even if they are redundant and even if some of us attempt to analyze them a bit and attempt to pick them apart - or even call them not bullish enough...


I think that in the end, it is good to be able to post bullish posts and then see if anyone has any feedback, and then it is also great if you delete the obvious trolls - but yeah, we won't have any drama or trolls if we don't have any posts...

So I look forward to your return, whenever you are feeling up to it....

I will post any bullish news that I come across, too.. if it has not already been posted in the WO thread.

[Ahab_Hunter_of_BearWhale]

Fak gave up on bitcoin and went awol.

At all brother, the sea of "twitter" is so deep and it seems to be I'm "drowning" in it.

Save yourself, and come back to us....


 

To be honest brother, I feel shy from you and Chef Ramsay, you used to like the things I post and I'm not sustaining this anymore.

But I will do my best to come back as soon as possible, promise.

Don't worry, it seems apart from the finex hack and the insanity of the banking system tearing itself apart, there hasn't been a lot of bitcoin news lately. I know my attention for Btc has killed lately, but you never know when the next price Rin may happen, its often when it seems nobodies paying much attention : D

I've been reading articles on this site alot
- for those of you that want to keep up on the global financial system and its the crooks running it into the ground zerohedge.com

[JayJuanGee]

Can we call the below article bullish or not?
 

http://www.reddit.com/r/Bitcoin/comments/4y732w/california_bitlicense_dropped_for_now/


It appears that we got a few months reprieve on any attempt to implement a bitlicense bill in California...

And, from what I understand, in some of my earlier readings of the situation, some of the crypto currency enthusiastic folks felt that they had gotten screwed over by California legislators - because the crypto enthusiastic folks had gone through some cooperative process, and then the language of what was being proposed in the later implementations got much more burdensome, onerous and hostile to bitcoin.

The battle in California is likely not over, and maybe there can be some organizing attempts to keep the legislation somewhat bitcoin friendly or at least neutral?

[Bitmore]

I really do think the "Bad news is good news" idea is depressing, at least for everyone not owning Bitcoin, but it may fund my yacht, so....

http://razorsforex.blogspot.com/2016/08/the-impending-global-negative-interest.html

The Impending Global Negative Interest Rate Regime Bodes Well for Bitcoin
By  Razor   6:41:00 PM   No comments

Image credit: historyofbitcoin.org


The widely-publicized Bitfinex heist, which is the second biggest Bitcoin exchange hack after MtGox in 2013, may have a short term negative impact on the way general public perceives the novel technology. However, the Bitcoin blockchain - the backbone of the digital currency - was never compromised and the network continues to function without a hitch. The same could not be said for the world’s financial system!

Big brokerage houses like Interactive Brokers have already begun implementing negative interest rates on clients holding EUR, CHF and SEK balances. And negative interest rates have also begun to creep into corporate banking as well. Today, Royal Bank of Scotland announced that starting Monday, corporate clients such as fund managers and pension funds will be charged for holding cash in certain foreign currencies, including the euro. According to a Daily Mail report, RBS stated that negative interest rates may also be applied to small business; that is if the Bank of England decides to cut interest rates into negative territory to stimulate the sagging British economy.


Most of Europe and Japan are already in a negative interest rate regime, with the US and UK very likely to follow suit in the coming months. Consumers have so far been spared the direct sting of negative interest rate as banks have tried to absorb some of the cost by increasing fees on some services, but as the RBS has already demonstrated today, this will not be the case for much longer:
“Until now RBS has absorbed these costs and imposed a zero per cent minimum on deposit rates. But it said this was no longer sustainable.”
It is precisely at this point that digital assets and currencies like Bitcoin will begin to gain serious traction with small businesses and consumers. Bitcoin has a fixed supply and can’t be inflated away at the stroke of a pen. The coming global negative interest rate environment bodes very well for the future of Bitcoin and digital assets outside the legacy financial system.





 

[pennywise]

Most of Europe and Japan are already in a negative interest rate regime, with the US and UK very likely to follow suit in the coming months. Consumers have so far been spared the direct sting of negative interest rate as banks have tried to absorb some of the cost by increasing fees on some services, but as the RBS has already demonstrated today, this will not be the case for much longer:
“Until now RBS has absorbed these costs and imposed a zero per cent minimum on deposit rates. But it said this was no longer sustainable.”
It is precisely at this point that digital assets and currencies like Bitcoin will begin to gain serious traction with small businesses and consumers. Bitcoin has a fixed supply and can’t be inflated away at the stroke of a pen. The coming global negative interest rate environment bodes very well for the future of Bitcoin and digital assets outside the legacy financial system.

Firstly, I would like to express my complete agreeing with the quoted text. Now, to continue the story, in order to successfully impose the negative interest rate on personal deposits, they need to take the bulk of paper cash out of the circulation. Which Kenneth Rogoff (the "This time it's different" author) has now publicly voiced.

http://www.wsj.com/articles/the-sinister-side-of-cash-1472137692

Now, the article does say that private hoarders hinder the imposing of negative interest rate on deposits. Which is true. But there is one bigger reason for central banks to withdraw cash: the banks themselves tend to build vaults to store cash, so they don't have to pay money to central banks to store money for them.

http://www.bloomberg.com/news/articles/2016-03-16/munich-re-rebels-against-ecb-with-plan-to-store-cash-in-vaults
http://www.ft.com/cms/s/0/e979d096-5fe3-11e6-b38c-7b39cbb1138a.html#axzz4IdhNlZiw

This will for sure make imposing negative rates much more difficult, so I expect central banks to actually go and withdraw large banknotes out of circulation and at the same time extesively diminish the amount of cash available.

This scenario unraveling would mean an insane boost for Bitcoin price. An insane boost. Just saying.

[g-unit]

What happened to Fakhoury? 

[kehtolo]

http://bravenewcoin.com/news/bitcoin-price-analysis-bullish-channel-continues-to-hold/

Bullish analysis. I just thought I'd post this here as this thread has gone a bit quiet lately.

[DeathAngel]

http://bravenewcoin.com/news/bitcoin-price-analysis-bullish-channel-continues-to-hold/

Bullish analysis. I just thought I'd post this here as this thread has gone a bit quiet lately.

Always good to see positive, bullish news articles no matter what they are. The price is going up today too. Good times, I hope we can see $700 before the end of September.

[Denker]

I think this thread needs a small bump.
So here is some new bullish article.

http://moneymorning.com/2016/09/23/why-the-needham-bitcoin-price-prediction-got-a-29-bump-to-848/

Why the Needham Bitcoin Price Prediction Got a 29% Bump to $848

A revised Bitcoin price prediction from Needham & Co. has raised the digital currency's estimated present value from $655 to $848.

The updated estimate, a 29% jump, comes just six months after Needham made its original Bitcoin price prediction in a report dated March 29.

While technically an analysis of the Bitcoin Investment Trust (OTCMKTS: GBTC), a fund for accredited investors, the report focuses heavily on the potential of Bitcoin.

Report author Spencer Bogart said the estimate warranted revision "due to faster-than-expected adoption and improving fundamentals," adding that planned improvements to the Bitcoin protocol will also help boost the Bitcoin price.

"At the highest level, we continue to see value in Bitcoin as a 'digital gold' and as a payment network that is enabling a global, open, permissionless financial system," Bogart wrote in the Sept. 22 report.

Needham's March 29 Bitcoin price prediction proved to be exceptionally timely.

At that time, the price of Bitcoin was about $415. A little more than two months later (June 11), the Bitcoin price breached $600. The very next day it hit $675, surpassing the $655 estimate.

The price of Bitcoin continued to surge in the days after that, peaking at about $775. Bitcoin retreated after that, but was trading in the $650 range until the Bitfinex Bitcoin exchange security breach in early August.

In that incident, about $65 million worth of Bitcoin was stolen from Bitfinex customers. That knocked the Bitcoin price down to $550 before it recovered to $600, where it has remained since.

Nevertheless, Needham said it had noted Bitcoin's significant progress in several key areas. In fact, Needham was impressed at how quickly the Bitcoin price rebounded in the wake of the Bitfinex news, saying that the recovery at least in part was "due to greater confidence in Bitcoin's future."

Here's a deeper look at the other reasons Needham felt compelled to hike both its short-term and its long-term Bitcoin price predictions…
What's Behind Needham's Higher Bitcoin Price Prediction

Needham's case for boosting its Bitcoin price prediction is based on three central ideas: that it is increasingly behaving like other investment classes; that adoption is accelerating; and that changes to the software itself will make it more useful.

Bitcoin has endured a lot of criticism for its flaws compared to conventional investments, particularly its high volatility and limited liquidity. But that's been changing, Needham found.

"Bitcoin's daily volatility is now comparable to small-cap equities," Bogart wrote.

Where Bitcoin's volatility is about 3.3%, the Standard & Poor's Small Cap 600 is 2.6%. The report also notes that some tech stocks and oil prices are slightly more volatile than Bitcoin now.

Regarding liquidity, Bogart wrote that "Bitcoin's daily dollar volume roughly resembles that of a U.S. mid-cap security," even just using the top five Bitcoin exchanges where the digital currency can be traded for U.S. dollars.

Liquidity — the ability to buy and sell an investment as needed — is a vital consideration, as no one wants to be stuck in a position they cannot exit. Bogart noted that investing in Bitcoin even has some advantages in terms of liquidity, as the Bitcoin exchanges are open 24/7.

Another appealing aspect of Bitcoin is that its price moves have virtually no correlation with other investments. That makes it appealing as an investing hedge to guard against sudden price drops in other asset classes.

Regarding adoption, Bogart notes that transaction volume has had a compound annual growth rate (CAGR) of 224% since January of 2013, and it has more than tripled over the past year. The acceleration in transaction volume was a key factor in Needham's decision to raise its Bitcoin price prediction.

In addition to the overall increase in adoption, Needham cited the increasing appeal of Bitcoin to emerging markets. Bitcoin offers very desirable features to these populations, including fast and easy cross-border transactions (for remittances) and a refuge from unreliable domestic currencies, such as we've seen in Venezuela.

Finally, Needham saw great promise in new technologies coming to Bitcoin…
Why the Bitcoin Price Will Quadruple from Here

Because Bitcoin is software, its code can be updated and improved to address problems as well as add new capabilities.

Needham sees these upcoming changes to the Bitcoin code as a major positive.

"We see a multitude of developments throughout the Bitcoin ecosystem that are poised to move from conceptual to real over the next 3-7 months – each of which could augment Bitcoin's features and functionality and, consequently, increase demand for Bitcoin," Bogart wrote.

Needham sees all these forces converging to drive up the price of Bitcoin over the next few years.

In March, Needham projected that the Bitcoin price would reach $1,896 by 2020.

But the new report raises that estimate to $2,231 – a 272% increase over the current price of Bitcoin.

"Contrary to popular narrative, we see Bitcoin's fundamentals trending very favorably," Bogart wrote. "We find the outlook very encouraging, and we believe the short- to intermediate-term horizon is among the most exciting Bitcoin has seen."