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Author Topic: [2016-01-11] Bitcoin Surges While Stock Market Sees Worst First Week Ever  (Read 353 times)
tyz (OP)
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January 11, 2016, 06:24:37 PM
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Bitcoin was one of the few winning investments in the worst first week of the year for U.S. stocks, according to The Wall Street Journal. The Dow Jones Industrial Average (DJIA) and the S&P 500 had their worst first weeks in history.
http://www.altcointoday.com/bitcoin-surges-stock-market-sees-worst-first-week/
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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January 11, 2016, 07:33:36 PM
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There is no bitcoin surge. The price just rose 10% for the last month. It is normal price fluctuation.

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richardsNY
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January 11, 2016, 11:40:07 PM
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There is no bitcoin surge. The price just rose 10% for the last month. It is normal price fluctuation.

Read the article properly. Compared to stocks and other things Bitcoin has kept its value nicely while the other investments lost value significantly. I am sure these high profile investors will come to Bitcoin with their money stashes. It will happen.
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January 11, 2016, 11:43:03 PM
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I hope they come soon. Bitcoin is ripe for investors.

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January 12, 2016, 01:46:34 AM
 #5

There is no bitcoin surge. The price just rose 10% for the last month. It is normal price fluctuation.

Read the article properly. Compared to stocks and other things Bitcoin has kept its value nicely while the other investments lost value significantly. I am sure these high profile investors will come to Bitcoin with their money stashes. It will happen.

The article talks about returns in the first week of the year. That isn't enough to get high profile investors to come running to Bitcoin.
Those guys are probably not convinced about Bitcoin's potential yet.
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