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Author Topic: [2015-12-30] Mainstream Media Admits Bitcoin Stronger Than U.S. Dollar in 2015  (Read 310 times)
shane
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December 31, 2015, 12:44:00 AM
 #1

The illusion of the U.S. Dollar’s intrepid strength is a false indicator that the American media has been trumpeting since late 2013. It is an indication of its value relative to other fiat currencies like the Euro and Japanese Yen. Kind of like a battle for which debt-based bearer bond is the best at losing value the slowest. Well, CNBC has published an admission piece on how Bitcoin’s dollar price shames the world’s reserve currency in a battle of relative strength for 2015.

Eric Rosenbaum’s article has an odd post-mortum twinge to it, starting off with “The U.S. dollar has had a nice run.” Plenty were saying that about Bitcoin’s value at the end of 2013, no? Even so, U.S. Dollar index value has risen almost 10%, which sounds impressive enough. Yet, Bitcoin over the same period is up over 40%, which is somewhat misleading, at that. Bitcoin value hadn’t finished recovering from the Mt. God bubble/collapse, and dropped to under $180 in midJanuary, from over $300 USD at the start of the year. Bitcoin is up well over 100% since its darkest days, which is not mentioned in the piece.

http://www.newsbtc.com/2015/12/30/28290/




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cr1776
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December 31, 2015, 01:08:07 AM
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The illusion of the U.S. Dollar’s intrepid strength is a false indicator that the American media has been trumpeting since late 2013. It is an indication of its value relative to other fiat currencies like the Euro and Japanese Yen. Kind of like a battle for which debt-based bearer bond is the best at losing value the slowest. Well, CNBC has published an admission piece on how Bitcoin’s dollar price shames the world’s reserve currency in a battle of relative strength for 2015.

Eric Rosenbaum’s article has an odd post-mortum twinge to it, starting off with “The U.S. dollar has had a nice run.” Plenty were saying that about Bitcoin’s value at the end of 2013, no? Even so, U.S. Dollar index value has risen almost 10%, which sounds impressive enough. Yet, Bitcoin over the same period is up over 40%, which is somewhat misleading, at that. Bitcoin value hadn’t finished recovering from the Mt. God bubble/collapse, and dropped to under $180 in midJanuary, from over $300 USD at the start of the year. Bitcoin is up well over 100% since its darkest days, which is not mentioned in the piece.

http://www.newsbtc.com/2015/12/30/28290/

That sounds like some weird fetish. :-)

(Typo is in the original)
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December 31, 2015, 10:36:40 AM
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Only CNBC reported the rise of of bitcoin versus dollar. But in 2 years, bitcoin is still weaker than US dollar. Maybe in the next 5 years, we can claim bitcoin is stronger than dollar.

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December 31, 2015, 11:20:11 AM
 #4

Only CNBC reported the rise of of bitcoin versus dollar. But in 2 years, bitcoin is still weaker than US dollar. Maybe in the next 5 years, we can claim bitcoin is stronger than dollar.

What are you smoking? ...How many Dollars do you need to buy one bitcoin? If the price was 99cent or less per bitcoin I would have agreed with you... but bitcoin is way stronger

than the US dollar... take the growth from 2009 when it started and compare it to the dollar value over this period. The dollar has lost 90% of it's value and it's declining every

year. Let's compare apples with apples...  Grin

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December 31, 2015, 11:49:38 AM
 #5

Only CNBC reported the rise of of bitcoin versus dollar. But in 2 years, bitcoin is still weaker than US dollar. Maybe in the next 5 years, we can claim bitcoin is stronger than dollar.

This is not true!
Bloomberg also reported about it.

Here check this 4min video!Definitely worth to watch!
From Worst to best: Bitcoin's 2015 Combeack
http://www.bloomberg.com/news/videos/2015-12-29/from-worst-to-best-bitcoin-s-2015-comeback

"Bitcoin the best-performing currency 2015 against the USD" is to be seen several times on the lower edge of the screen.

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December 31, 2015, 08:19:57 PM
 #6

Only CNBC reported the rise of of bitcoin versus dollar. But in 2 years, bitcoin is still weaker than US dollar. Maybe in the next 5 years, we can claim bitcoin is stronger than dollar.

What are you smoking? ...How many Dollars do you need to buy one bitcoin? If the price was 99cent or less per bitcoin I would have agreed with you... but bitcoin is way stronger

than the US dollar... take the growth from 2009 when it started and compare it to the dollar value over this period. The dollar has lost 90% of it's value and it's declining every

year. Let's compare apples with apples...  Grin

There will always be loyalists like him masturbating to the American flag who think that the dollar is indestructible, thankfully, the opinions of people like him are completely irrelevant when it comes to currency, what's interesting as well is that almost all the time anything positive is posted about Bitcoin there are always brand new accounts being created and are posting comments like this within hours of the article going up.
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December 31, 2015, 11:42:33 PM
 #7

I have seen more than just CNBC reporting this.  All areas of Bitcoin seem to be getting more and more "mainstream" press.  I have seen 2 Forbes articles with a positive tone in the last 10 days alone.

I love Bitcoin
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