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AtheistAKASaneBrain (OP)
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November 03, 2015, 01:54:06 PM |
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http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-againGreat stuff. They can't say anything but admitting they were wrong when they said it was going directly to 0 and would never recover. All those mainstream media guys are going to go gradually more pro-Bitcoin over the next months to not look really stupid, just wait and see, we'll have soon a lot of discussion on Bitcoin even on the worst mainstream device of all times (TV).
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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Bitcoininspace
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November 03, 2015, 01:57:51 PM |
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Of course the media will jump onto this like a pack of hounds. They will do that for everything lately.
Question is; will it be good or bad for bitcoin adoption? Will it cause another collapse later on if it skyrockets because of news and media bringing in new investors and said investors deciding a 2000% profit is enough on their risky investment in this technology they don't understand, and selling when others start to get an avalance going of the price.
Time will tell I guess, but I'm sure it's going to be a hell of a ride for many here.
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Parazyd
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November 03, 2015, 02:02:39 PM |
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Most Bitcoin users don't even know about the reward halving. And now it's all over the news. It all works good for the short-term price rise.
We'll see how it develops though. Me? I'm all buckled up.
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SFR10
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Activity: 2982
Merit: 3408
Crypto Swap Exchange
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November 03, 2015, 03:30:42 PM |
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The article was really good in my opinion and as stated there, China is not the only reason of the rise after all and they predicted over $400 but I think with the rate of the value growth BTCitcoin has recently, it could go beyond $450 if it could continue as it is for a month or two... there's also bunch of good Youtube videos lately as well that also talk about the rise of BTCitcoin
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thejaytiesto
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November 03, 2015, 03:57:20 PM |
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Most Bitcoin users don't even know about the reward halving. And now it's all over the news. It all works good for the short-term price rise.
We'll see how it develops though. Me? I'm all buckled up.
Yeah, I find it funny that they aren't mentioning the halving which is coming pretty soon and may drive the price to the actual moon. I don't think they even understand the concept of limited controlled supply. Btw you can check the video on OP in Youtube: https://www.youtube.com/watch?v=o3hS41rp2GU |
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LiteCoinGuy
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In Satoshi I Trust
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November 03, 2015, 04:12:23 PM |
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big prices changes are always good for bitcoin - free press.
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BitcoinAddicts
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November 03, 2015, 04:33:43 PM |
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Mainstream news use the word BITCOIN this time, when talking about the price. Otherwise they use the word BLOCKHAIN  |
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Parazyd
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November 03, 2015, 04:35:32 PM |
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big prices changes are always good for bitcoin - free press.
Free press is good. Be it positive or negative, it's good. It means Bitcoin is making it way through to more common(?) people. |
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Amph
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November 03, 2015, 05:31:36 PM |
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funny, you will see from now that everyone will begin to talk good about bitcoin, when the price was shit, everyone was throwing even more shit
it's all about the sentiment really
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Bitcoininspace
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November 03, 2015, 05:35:03 PM |
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funny, you will se from now that everyone will begin to talk good about bitcoin, when the price was shit, everyone was throwing even more shit
it's all about the sentiment really
Exactly, news are like a virus. Some times they help you get rid of other diseases, but most of the time they spread just like them. |
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NorrisK
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November 03, 2015, 05:39:33 PM |
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funny, you will se from now that everyone will begin to talk good about bitcoin, when the price was shit, everyone was throwing even more shit
it's all about the sentiment really
Exactly, news are like a virus. Some times they help you get rid of other diseases, but most of the time they spread just like them. Lets just enjoy the free advertising! It will probably draw in a lot of new users that start to feel that they might miss out on some huge potential profits. |
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maokoto
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November 03, 2015, 05:40:05 PM |
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Great exposure=more adopters which will make price raise more and make Bitcoin more stable |
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7788bitcoin
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November 03, 2015, 05:40:15 PM |
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This is the price ($400+) around when I heard about bitcoin in the TV news 2 years ago. I guess everyone is excited now. However, I still don't understand the push behind the price. Real mainstream adoption? Pump and dump? or just Willy bot 2.0?
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Timeline
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TokenHouse decentralized cryptocurrency exchange
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November 03, 2015, 05:40:49 PM |
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I think it's good that msm is talking about the price rise and not some negative thing about Bitcoin.
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Mickeyb
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November 03, 2015, 05:44:03 PM |
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I have a feeling that they are about to have even more to talk about. $419 on Bitfinex !! For God's sake, this is not stopping but it's even speeding up!
Almost a $100 rise in 24 hours! This is insane!
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Betwrong
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Stand with Ukraine
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November 03, 2015, 05:59:56 PM |
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http://www.bloomberg.com/news/articles/2015-11-02/bitcoin-is-suddenly-surging-againGreat stuff. They can't say anything but admitting they were wrong when they said it was going directly to 0 and would never recover. All those mainstream media guys are going to go gradually more pro-Bitcoin over the next months to not look really stupid, j ust wait and see, we'll have soon a lot of discussion on Bitcoin even on the worst mainstream device of all times (TV). I already saw couple of news on Bitcoin rising on the worst mainstream device of all times.  And yes, this is a great stuff, it will help Bitcoin to rise for sure. But I think if it goes over $500 it will be a buble again. $500 is a fair price for 1 BTC for now. |
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Dafar
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dafar consulting
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November 03, 2015, 06:05:33 PM |
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Too quick... I was hoping mainstream media wouldn't start talking about it until we rised a lot higher.... as soon as they start talking about it that's a sign that the price is going to crash again
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LiteCoinGuy
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In Satoshi I Trust
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November 03, 2015, 06:14:03 PM |
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good that i bought everything i could at 180 USD 6 months ago....  |
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Parazyd
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November 03, 2015, 06:17:33 PM |
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good that i bought everything i could at 180 USD 6 months ago.... Bah! On Bitstamp maybe? If yes, those were probably my bitcoins |
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Hazir
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★Nitrogensports.eu★
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November 03, 2015, 06:29:12 PM |
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funny, you will se from now that everyone will begin to talk good about bitcoin, when the price was shit, everyone was throwing even more shit
it's all about the sentiment really
Exactly, news are like a virus. Some times they help you get rid of other diseases, but most of the time they spread just like them. That is why I always tell that the major feature of bitcoin is its price. General public don't care about technical specifications, hashing power, algorithms behind the magic. All that matter is high price. With high price bitcoin will be famous. |
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