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Author Topic: [2015-12-12] Video Bloomberg: What Happens to Bitcoin in 2016?  (Read 535 times)
LiteCoinGuy (OP)
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December 12, 2015, 08:11:10 AM
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What Happens to Bitcoin in 2016?

http://www.bloomberg.com/news/videos/2015-12-11/what-happens-to-bitcoin-in-2016-

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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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December 12, 2015, 11:14:35 AM
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They putting a lot of emphases on the influence the Halvening will have on Bitcoin, but I think it is over hyped by the media. There will be a small price change, but nowhere

near to the spikes suggested. They also mentioning VC investments going down for Bitcoin and a increase in investment for the Blockchain technologies. This is true, because the

Blockchain has become the new buzz word in the financial world. Let them invest in what they want, as long as it is invested into Crypto currencies. The more capital flow into

Blockchain tech, the stronger Bitcoin will become... They will fail, and Bitcoin will prevail.  Grin

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December 12, 2015, 03:37:57 PM
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Nothing really new in that report.Wall Street is in for the technology bla bla bla. Halving probably lowering the reward they say. Cheesy
I just would like to know who is this BTC company being valued $1 billion soon.
Anyone here has some idea or links where I could get some informations regarding that?
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December 12, 2015, 04:43:01 PM
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Seems to be fair estimate.

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December 12, 2015, 06:10:36 PM
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Lool. he says "probably will see the number of bitcoin decrease" it didn't sound well...
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December 12, 2015, 06:21:06 PM
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The thing I really don't understand when they, or in this case the person being interviewed, that there is an interest in bitcoin from Wall st. mainly because they like the block chain technology in order to verify transaction like stocks, assets, and other things they are interested in trading.  It's not like they can just use bitcoin's blockchain to be able to verify a certain stock transaction has happened, because the only thing bitcoin is transacting is currencies.  When people say that wall street is interested in using the block chain for these purposes, do they mean that they are mainly interested in buying and using bitcoin to be able to trade in for stocks, or do they mean that they want to develop a block chain technology where they can verify stock transaction that happen there? 

I feel that they are pissing in the wind if the later scenario is the case because they wouldn't even come close to the Hashing power that verifies bitcoin transactions.

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