2013-03-23 Reuters - Bullish on Bitcoins ? (video)

[labestiol]

http://www.reuters.com/video/2013/03/22/reuters-tv-breakingviews-bullish-on-bitcoins?videoId=241796394&videoChannel=117766

Some mistakes, but good video overall.

Kinda off topic : quite funny to see all the coverage in the last month. Financial press people are really only looking at their ticker, not studying the fundamentals. They don't get that bitcoin was already great in 2009

[Vandroiy]

Sorry, but this does not leave the impression of a "good video" at all. There is more known false information than useful content in this.

Why do people keep repeating this hardly sustainable claim that the Gox hack caused the 2011 bust? There was hardly any anti-Gox sentiment when the bust really kicked in. The "drop by half" after the hack is wrong. It took over a month until value dropped below 50% of the pre-hack value.

Bitcoin price was rallying like crazy long before the Cyprus thing came up. I know of no evidence that it would look all too different now without the news. On top of that: am I misinformed or could one just wire money from Cyprus to the US? If your bank account is already frozen it's inaccessible either way. If not, moving to an American USD account does not have any need for Bitcoin I'd know of.

The first thing they mention is the price hike. What's up with that? This kind of presentation is asking for simple-minded people to run in and buy just because "the price is going up".

The product list is absurd too; real activity Bitcoin gets is on Silk Road, web hosting, and automated web services. Not that any of those can compete with speculation. (They got that right, though formulated it in a very questionable way)

Mark is not Japanese, even though he runs Mtgox from Japan.



Reuters did this, eh? If this shows their quality checking, it is no wonder their feeds forward all kinds of nonsense.