Wtf is happening in the last days? Funding to da mooon!

[russokai]

just a question:
why all this "good news" for fund rising, don't let bitcoin price rise???
You can invest in bitcoin and you will be safe in the long run.

Yes price was $260 in April 2013 and then $170 last month....very "safe" long-term investment.

Unless you were an early adopter, bitcoin is about the most dangerous investment you can get into...especially with all the increasing regulation, etc.

[1715525284]

1715525284

[Mickeyb]

Whether or not these companies mean bitcoin when they say blockchain is a good question. If they are just creating their own alt-coin then I think they are in for a big disappointment. First they are going to find out that no one is going to spend money on electricity to run their network. Next they will find themselves in direct competition with bitcoin. The consumer then has the choice of a coin that is controlled by a bank, distributed by a bank, priced by a bank, and only works at the bank. Or one could have universal money that works the world over for pennies and can not be controlled by a bank.  Which would you choose?

They won't need anyone else to run their network, just pick a custom algorithm and put it on some servers and keep it closed, who else would be able to attack it without knowing the algorithm or why would they care except for malicious purposes.

Absolutely true. However the budget just went up significantly with the need for data centers and all that hardware. Guess who is going to pay for all that? So now I'm paying more for a closed system that does God knows what with my identity. Not a selling point for me. 

Well believe it or not, they will sell this crap to most of their users out there. They will even advertise it as technology as good as Bitcoin, but without bad stuff from Bitcoin, you'll see. And in the short term period, this will work, but in the long run, all of this crap will fall apart, since this is a centralized, closed system. Just like their banks and current financial system will fall apart, their centralized Bitcoin will follow the same path.

Then, when this happens and when they have thought all the people how to use crypto, the real, decentralized Bitcoin will just take over.

[funkenstein]

The last days were crazy. So much news and alot of funding:

+Visa, Capital One Back $30 Million Round for Blockchain Startup Chain

+Bitcoin-to-Cash App Abra Raises $12 Million Series A

+Coinalytics Raises $1.1 Million for Blockchain Data Platform

+Bitcoin Hardware Wallet Case Raises $2.25 Million in Funding

+Altcoin Exchange ShapeShift Raises $1.6 Million in New Funding

+Paymium Raises €1 Million to Boost Bitcoin Merchant Onboarding[/li][/list]


Summer is over  

Companies attempting to use bitcoin are crushed just like an intelligence asset is terminated: fiat bombardment, aka "bought out".  Lets hope the people involved are made of stronger stuff and can continue the fight.   

[gogxmagog]

its good to see funding flow in, shows confidence and the public will take note, but keep in mind... funding a start up is no guarantee that the startup succeeds... most fail, that's just a fact of startups. also, the numbers aren't that high. in the bigger picture its just a drop in the bucket.

its still positive, though. we will see in a year or two. if any of these startups succeed, then it will be reflected in the price.

[Habeler876]

Even tho the price did somewhat recover from the recent fall, maybe due to these good news and fundings that op talks about, the fact of the
matter is that we don't have enough new users to utilize services in a profitable way.
You can expand area of utilization, but if you don't have enough people interested in it, it's bound to fall apart eventually.

[Gleb Gamow]

just a question:
why all this "good news" for fund rising, don't let bitcoin price rise???

i think this is the real question!!!

This is not related at all. Funding companies and startups is not going to make the price rise. It is not like that money is exactly going to the exchange.

This is great news. I think that the last overview was made by Coindesk. I would very much like to read another one. I'm quite interested in the exact number of investments in 2015 so far. A lot of money has poured into Bitcoin in 2015. Who knows what 2016 could bring? Also we have to separate blockchain projects that are not directly related to Bitcoin. They're just using blockchain technology, not Bitcoin.
Update:
Denker, yes I had forgotten to add that before reading your post.

So, them Bitcoin-based entities get flooded with millions but opt to not pay their employees or other Bitcoin-based vendors bitcoins, circulating fiat instead, eh?

[stuff0577]

just a question:
why all this "good news" for fund rising, don't let bitcoin price rise???

i think this is the real question!!!

This is not related at all. Funding companies and startups is not going to make the price rise. It is not like that money is exactly going to the exchange.

This is great news. I think that the last overview was made by Coindesk. I would very much like to read another one. I'm quite interested in the exact number of investments in 2015 so far. A lot of money has poured into Bitcoin in 2015. Who knows what 2016 could bring? Also we have to separate blockchain projects that are not directly related to Bitcoin. They're just using blockchain technology, not Bitcoin.
Update:
Denker, yes I had forgotten to add that before reading your post.

So, them Bitcoin-based entities get flooded with millions but opt to not pay their employees or other Bitcoin-based vendors bitcoins, circulating fiat instead, eh?

Many companies still prepare to use fiat on there everyday transaction and accounting purposes. hopefully bitcoin will be much stable in the future to handle those everyday transactions.

[randy8777]

investors find investing in bitcoin related startups more interesting than directly in bitcoin itself, which is kinda understandable. but it at least shows that bitcoin startups are hot.

[RGBKey]

I wonder when we will see the price reflect this kind of data...it's been sitting around the same for a long time now.

[italianMiner72]

I wonder when we will see the price reflect this kind of data...it's been sitting around the same for a long time now.

i think the price will oscillate in this range for a long time.
and there will be the possibility to high volatility, when roadmap news will be released...

[Remember remember the 5th of November]

I wonder when we will see the price reflect this kind of data...it's been sitting around the same for a long time now.

i think the price will oscillate in this range for a long time.
and there will be the possibility to high volatility, when roadmap news will be released...

So many good news, and yet the price is tanking or not going up much.

[LiteCoinGuy]

Bitcoin Venture Capital Markets Heating up as Five Bitcoin Startups Raise $45 Million

https://bitcoinmagazine.com/21898/bitcoin-venture-capital-markets-heating-five-bitcoin-startups-raise-45-million/

[Kprawn]

I am more worried about the negative affect this whole "stress test" will have on the perceived stability of the technology. If a company with limited resources {$48 000} can come in and destabilize a complete

network for a month, depending on the success of the test... this might have some bad repercussions for Bitcoin investment. The press and the shills will jump onto this like cancer and they will over exaggerate

the whole issue. The two apposing sides in the Fork debate will also heat up to create more instability in the market. I predict a small decline in the price over the next month, if no real good news are released. 

[johnyj]

I am more worried about the negative affect this whole "stress test" will have on the perceived stability of the technology. If a company with limited resources {$48 000} can come in and destabilize a complete

network for a month, depending on the success of the test... this might have some bad repercussions for Bitcoin investment. The press and the shills will jump onto this like cancer and they will over exaggerate

the whole issue. The two apposing sides in the Fork debate will also heat up to create more instability in the market. I predict a small decline in the price over the next month, if no real good news are released. 

The investors are positive because they know that the soul of bitcoin is a consensus. As long as this consensus is intact, any kind of technology difficulties will be sorted out eventually

The stress test is far from hurting the network, the nodes can easily filter the spam transactions, they just let it run for a while to test the robustness of their infrastructure and also observe if a healthy fee market will develope

[LiteCoinGuy]

the stresstest is not a real problem. bitcoin works good at the moment.

[Carlton Banks]

the stresstest is not a real problem. bitcoin works good at the moment.

Just so happens the steadily increasing hashrate is making the blocks go by a little quicker than 10 minutes, and there's likely more to come (1st wave of the new model of Antminer will ship by October). Helps to push the costs up for the attacker, even if it doesn't solve the problem.