Bitcoins
- Thread starter Ne Obliviscaris
- Start date
gvt selling all the silk road connected coins they confiscated
http://rt.com/usa/165692-bitcoin-silk-road-siezed/
http://rt.com/usa/165692-bitcoin-silk-road-siezed/
Bitcoin has been moving in the right direction this year even though folks are still scared of it's unpredictable high volatility. First we started seeing Expedia, Overstock, Dish Network, Dell jump on board and now its Ebay/Paypal. I won't be surprised if Amazon starts accepting Bitcoin by the end of 2014.
Lately, here in the NW I have been seeing more micropreneurs embracing Bitcoin. Shit, we even have a strip club in downtown Portland that now accepts it. I am all for decentralized currency since it gives fiat some competition. It won't be long though before the governments starts controlling Bitcoin and getting their piece of the action.
Lately, here in the NW I have been seeing more micropreneurs embracing Bitcoin. Shit, we even have a strip club in downtown Portland that now accepts it. I am all for decentralized currency since it gives fiat some competition. It won't be long though before the governments starts controlling Bitcoin and getting their piece of the action.
Bitcoin recovers after Sunday flash-crash
The digital currency bitcoin saw its price fall by 15% in a selloff that played out Sunday night and ended in the early hours of the Asian trading day Monday.
Sunday’s sharp price drop marked one of the most significant declines in the digital currency since it shed $60 in one day back in mid-August.
In this instance, the currency lost $50, falling from about $340 to $290, before rising back to about $340, according to prices on the CoinDesk Bitcoin Price Index.
Why the sudden plunge? Market observers attribute the sudden volatility to a large sell order for 26,000 bitcoin that was placed on the Bitstamp exchange, according to a story on CoinDesk.
The average daily sales volume on any of the major bitcoin exchanges is about 8,000 to 10,000 bitcoin, said Michael Moro, a director at SecondMarket, which has a division that provides bitcoin-related services to institutional investors.
Moro said another catalyst of the flash crash was the number of exchanges that allow investors to take leveraged positions in bitcoin. Once the price started dropping, investors needed to sell to cover their positions, driving the price down even further.
Moro added that his firm remains long on the digital currency’s overall health.
read more
The digital currency bitcoin saw its price fall by 15% in a selloff that played out Sunday night and ended in the early hours of the Asian trading day Monday.
Sunday’s sharp price drop marked one of the most significant declines in the digital currency since it shed $60 in one day back in mid-August.
In this instance, the currency lost $50, falling from about $340 to $290, before rising back to about $340, according to prices on the CoinDesk Bitcoin Price Index.
Why the sudden plunge? Market observers attribute the sudden volatility to a large sell order for 26,000 bitcoin that was placed on the Bitstamp exchange, according to a story on CoinDesk.
The average daily sales volume on any of the major bitcoin exchanges is about 8,000 to 10,000 bitcoin, said Michael Moro, a director at SecondMarket, which has a division that provides bitcoin-related services to institutional investors.
Moro said another catalyst of the flash crash was the number of exchanges that allow investors to take leveraged positions in bitcoin. Once the price started dropping, investors needed to sell to cover their positions, driving the price down even further.
Moro added that his firm remains long on the digital currency’s overall health.
read more
Props:
Jazzo and Jazzo
I have over doubled my initial investment since I decided fuck it and got into cryptocurrencies.
I have been in and out of bitcoin, but mostly investing in altcoins while also holding Ethereum, and Litecoin.
You guys should be jumping on this. 2018 is going to be a huge year for this.
Bitcoin closing in on 9000 now.
The cme futures is an interesting thing (I didn't read your article yet) when the news came out it bumped the price of Bitcoin quite a bit. But, I know some investors who have a lot of money see it as a way they can make a lot of money by shorting Bitcoin.
I don't see Bitcoin falling though, barring some huge event like world governments banning bitcoin. We are now seeing major corporations starting to endorse blockchain technology. In a couple years time crypto will be insane. I just wish I got in sooner so I could have sold it all at 30 dollars a coin and kicked myself in the ass for not holding longer.
The cme futures is an interesting thing (I didn't read your article yet) when the news came out it bumped the price of Bitcoin quite a bit. But, I know some investors who have a lot of money see it as a way they can make a lot of money by shorting Bitcoin.
I don't see Bitcoin falling though, barring some huge event like world governments banning bitcoin. We are now seeing major corporations starting to endorse blockchain technology. In a couple years time crypto will be insane. I just wish I got in sooner so I could have sold it all at 30 dollars a coin and kicked myself in the ass for not holding longer.
Bitcoin and the blockchain terchnology are two separate things.
The Fed and the US Govt are never going to back bitcoin (or any other crypto currency). Any threat against the dollar with be dealt with accordingly. Bitcoin’s bubble will burst.
Now the blockchain technology is a whole different thing.....
The Fed and the US Govt are never going to back bitcoin (or any other crypto currency). Any threat against the dollar with be dealt with accordingly. Bitcoin’s bubble will burst.
Now the blockchain technology is a whole different thing.....