Nov 17

Bitcoin Hits New Record High

Since it’s dip last Sunday, Bitcoin has climbed to a new record setting high of $8040.  How high will it go in December?  Here’s some insight from Cryptocoins News.

Bitcoin Price Achieves New All-Time High at $8,040; Bigger Surge in December?

Joseph Young on 17/11/2017
The bitcoin price has achieved a new all-time high at $8,040, within a week since it dipped below $5,600 on Sunday. Analysts expect the price of bitcoin to surge even further by the end of 2017, upon the entrance of institutional investors and retail traders through Coinbase, CBOE, Gemini, and CME.

Bitcoin Price Will Likely Surge Again in December

Earlier this week, CME Group announced that it will launch its bitcoin futures exchange approved by the Commodities and Futures Trading Commission (CFTC), to address the increasing demand from institutional investors and retail traders for bitcoin.

Today, on November 17, Coinbase, the largest bitcoin brokerage and wallet platform in the world, introduced Coinbase Custody, another bitcoin trading platform for institutional and retail traders. On Coinbase Custody, large-scale investors can invest a minimum value of $10 million in bitcoin.

Source:  https://www.cryptocoinsnews.com/bitcoin-price-achieves-new-all-time-high-at-8040-expect-to-surge-in-december/

Nov 15

Bitcoin Is Mainstream

Bitcoin’s continued rise has attracted Wall Street and the Futures market.  It’s no longer limited to the Dark Web for drug dealers and other underhanded tradings.  Some of the information in this article is not accurate.  Bitcoin did not fall to $1200 in September, for example, but I wanted to share it anyway.

Why Bitcoin Now Wears a Suit and Tie, and Will Soon Reach $10,000

Guest Writer on 14/11/2017

Cryptocurrencies were once the ‘bad boys’ of finance, traded on the Silk Road rather than Wall Street. But adoption by futures traders will ensure new found respectability for Bitcoin and push its value to five digits within months, argues David Jinks, Head of Consumer Research at e-commerce fulfilment experts ParcelHeroHe is lead author of 2030: Death of the High Street, and appears regularly on national radio and in the national press discussing the impact of e-commerce; the rise of cryptocurrencies and the potential consequences of Brexit for exporters.

Back in mid-September, when Bitcoin’s value fell to a ‘mere’ $1,200 thanks to the Chinese crackdown, it looked as if Bitcoin’s dark-web past was coming back to haunt it. There’s no getting round the fact that many cryptocurrencies originally grew in value because of their use buying on the dark web.  Larry Fink, CEO of BlackRock, called bitcoin an “index of money laundering.” And Jamie Dimon, CEO of JPMorgan saidin September: ‘If you were a drug dealer, a murderer, stuff like that, you are better off doing it in bitcoin than U.S. dollars,”

Source: Cryptocoins News

 

Nov 14

New Week Brings Renewed Confidence

As I expected, Bitcoin has rebounded to over $6.550 after dropping below $5,600 over the weekend. Despite the dips, Bitcoin has increase significantly over the past 12 months and will continue it upward climb to new heights.

Bitcoin Price Increases to $6,550 as Market Regains Confidence in Mid-Term Growth

Joseph Young on 14/11/2017
The bitcoin price has increased to over $6,550, after dipping below $5,600 on November 12. Analysts have attributed the recent increase in the price of bitcoin to CME Group’s confirmed launch of its bitcoin futures exchange by the second week of December.

Over the past two months, several high profile investors including billionaire hedge fund legend Mike Novogratz emphasized that a rapidly growing number of institutional and retail investors are preparing to engage in bitcoin and invest in the market.

Most of the large-scale hedge funds and institutional investors can only invest in assets and stores of value with high liquidity, because in most cases, they are required to allocate tens of millions of dollars in minimum.

Source:  Cryptocoins News

Nov 13

Watch For A Bitcoin Episode On Popular Sitcom

I love the sitcom, The Big Bang Theory and I’m looking forward to the upcoming  episode on Bitcoin which will air on November 30, 2017.

Mainstream Sitcom Big Bang Theory Will Dedicate Entire Episode on Bitcoin

Joseph Young on 12/11/2017

The Big Bang Theory, one of the most popular sitcoms in history with 17 million average viewers for its latest season 11, will dedicate an entire episode on bitcoin.

Episode 9 of the Big Bang Theory season 11, which will air on November 30, 2017, is entitled “The Bitcoin Entanglement,” and analysts expect the show to introduce bitcoin to the mainstream, to an important consumer base for bitcoin. The Big Bang Theory is most watched amongst viewers in the age group of 19 to 35, which is a relatively young viewership for a popular sitcom.

 

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Nov 13

Millennials Get It!

AS you should know by now, Millennials understand everything technical and Bitcoin is no exception. On the other hand, those older than 65 have more faith in the banks and traditional money (fiat currency).

Millennials Are Big On Bitcoin (But Over 65s Not So Sure)

It’s become fashionable to malign millennials for killing everything from dinner dates to department stores. If the results of a recent survey are anything to go by, there’s another victim that can be added to that lengthy list – fiat currency. According to a newly released survey, over 50% of millennials have a positive view of bitcoin and are twice as likely to own it compared to other age groups.

Millennial Enthusiasm for Bitcoin Surpasses All Other Demographics

Over 2,000 US adults were quizzed by Harris Poll in one of the most wide-ranging bitcoin surveys to date. The poll, which was conducted between October 18th and 20th, provides a fascinating insight into how adults of all ages perceive bitcoin. It is among 18-34-year-olds however – millennials – that the greatest divergence from the rest of the population is seen.

Source: https://news.bitcoin.com/millennials-are-big-on-bitcoin-but-over-65s-not-so-sure/

Nov 13

Bitcoins Rebounds After A Weekend Tumble

Bitcoin is usually a little wobbly on the weekends and this weekend was no exception. On the other side of the coin so to speak, Bitcoin Cash saw it highest increase to date..

Let’s take a look at the latest report from Cryptocoins News.

Rollercoaster Weekend: Bitcoin Price Falls From $7,300 to $5,600 and Rebounds to $6,200

Joseph Young on 13/11/2017
Within a single weekend, from November 11 to 12, the bitcoin price plunged from $7,300 to $5,600, and recovered to $6,200, in less than 48 hours.

Beginning late Saturday evening, the bitcoin price began to fall from $7,300 to $6,900, as Bitcoin Cash started to record major gains. By Sunday morning, the price of Bitcoin Cash has surpassed $2,900, a new all-time high, while the price of bitcoin plummeted to $5,600.

As such, the rapid surge in the market valuation of Bitcoin Cash and abrupt plunge in the price of bitcoin led to serious market turbulence and uncertainty, as a relatively large portion of investors initiated a sell-off of bitcoin.

You can Read the rest of the story at https://www.cryptocoinsnews.com/in-one-weekend-bitcoin-price-falls-from-7300-to-5600-and-rebounds-to-6200/

Nov 09

The End of Money As We Know It

Bitcoin has true value that will continue to increase with demand as there is a limited supply.  The dollar (and other fiat currency) on the other hand continues to lose value due to the fact that they just print more.  There is no real value with it any more and it will soon become obsolete.

Here is an interesting article by Jamie Redman of Bitcoin News.

Tim Draper Predicts Using Fiat Currencies in Five Years Will Be Laughable

After making a prediction that bitcoin would be $10K by 2018, the American venture capitalist, Tim Draper, is still bullish about cryptocurrencies. In fact, Draper believes digital assets like bitcoin will be so prominent that using fiat currencies in five years will be considered laughable.

Tim Draper: “In Five Years Bitcoin Will Be So Relevant — There Will Be No Reason to Use Fiat Currencies”

Read the rest of this entry »

Nov 04

Coinbase Adds Record Numbers Of Users

With the rapid increase in the value of Bitcoin, Thousands of people are getting on board and signing up with cryptocurrency exchanges.  There are many with Coinbase being very popular and the one I use.  Over 100,000 joined Coinbase in just a day.

Coinbase Adds 100,000 New Users in a Day Following Bitcoin’s Price Rally

Francisco Memoria on 04/11/2017

Bitcoin’s recent price stampede, which reached a new all-time high above $7,350, clearly demonstrates how the cryptocurrency ecosystem has been growing. For popular cryptocurrency exchange Coinbase, things are seemingly great as well, as data suggests it just added over 100,000 new users in a single day.

According to data collected by a portfolio manager at the Atlanta Digital Currency Fund, Alistair Milne, the exchange’s growth has been notable throughout the year, with it reaching a record user growth on Tuesday. Data further suggests its number of users has more than doubled since the beginning of the year, as at press time Coinbase’s website points to 11.9 million users.

Nov 03

Bitcoin Futures Coming to Argentina

There is so much going on with Bitcoin this week.   I just read this from Cryptocoins News.

Argentina’s largest futures market is getting ready to dip its toes into the bitcoin ecosystem.

Bitcoin is Coming to Rofex, Argentina’s Largest Futures Market

Josiah Wilmoth on 03/11/2017

As Bloomberg reports, the Mercado de Termino de Rosario — more commonly known as Rofex — is preparing to formally announce the addition of digital currency services to its platform. Following months of conversations, Rofex executives have created a preliminary framework that reportedly includes custody services, as well as the ability for clients to stake bitcoin as collateral for futures contracts. The formal announcement is expected to come by the end of the year.

Rofex is the second American futures market to reveal this week that it intends to begin engaging with the burgeoning crypto economy. U.S. exchange operator CME Group announced this week that it would become the first regulated U.S. exchange to offer bitcoin futures, but the Rofex proposal stops short of short of adding bitcoin futures contracts.

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Nov 02

Bitcoin Climbs Higher and Higher

With Bitcoin soaring to $7,152 today it is very likely to reach the $10,000 mark before the end of 2017.  This is very exciting for all investors. I woke to this breaking story from Cyptocoins News.

$7,150: Bitcoin Price Achieves New All-Time High, is $10,000 Possible by 2017

Joseph Young on 02/11/2017
Earlier today, on November 2, the bitcoin price achieved a new all-time high at $7,150, entering the $7,000 region for the first time in history.
In the past three days, the market has shown absolute confidence in the mid-term trend and performance of bitcoin, given the announcement of CME, the largest options exchange in the world, to launch a bitcoin futures exchange by the end of 2017, and the increased probability of the US Securities and Exchange Commission (SEC) approving a bitcoin ETF by mid-2018.

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