Bitcoin News (BTC) - Page 37

Why is everyone investing in bitcoin Blame human psychology | WIRED UK Untitled-1
Get 6 issues for £9 + FREE digital editions Welcome to WIRED UK. This site uses cookies to improve your experience and deliver personalised advertising. You can opt out at any time or find out more by reading our cookie policy. People aren't investing in bitcoin because it's currency of the future ? they're simply following what everyone else is doing, just like we evolved to do Every Wednesday, 12 million people receive an email from MoneySavingExpert. Usually it?s crammed with consumer deals and advice on bank accounts. If you want to know how to snag a bottle of prosecco for £1.50, or where the cheapest place to buy a real Christmas tree is (it?s Ikea), founder Martin Lewis and his team have got your back. But the subject line of their last email was a little different. ?Buy Bitcoin?? it says, before going on to cover more usual territory: 80 per cent off vacuum cleaners.
January 16, 2019 4:33 PM

Bitcoin History: Timeline, Origins and Founder - TheStreet
The history of Bitcoin has been a turbulent one to say the least, and right now we're in one of the most turbulent periods in its history, as it has spent the entirety of 2018 falling further and further from its peak value of nearly $20,000 in December 2017. But something as uncertain as Bitcoin (and cryptocurrency in general) was never going to be smooth sailing. Many tried a cryptographed digital currency before it, and they weren't able to fully crack it. Since Bitcoin became a reality nearly a decade ago, there have been some high highs and some low lows. For some Bitcoin owners, that's part of the appeal.
January 16, 2019 4:32 PM

Why bitcoin is rising again - TechCentral
Bitcoin ?HODLers? are seeing some light in the bear-market tunnel. While it remains to be seen whether it?s the end of this year?s slump, the 20% gain over the last five days has them cheering. The largest cryptocurrency posted its biggest weekly advance since just before it peaked at almost US$20 000 in December. Other large cryptocurrencies such as ether, ripple, bitcoin cash and litecoin also gained. Bitcoin is inching back up after it slumped 52% in the first quarter, its worst start of a year ever. The approaching deadline to report taxes in the US, which means investors are done selling crypto to pay off outstanding balances, and a squeeze against a record short position on bitcoin are adding to the rally, said John Spallanzani, a portfolio manager at Miller Value Partners.
January 16, 2019 4:32 PM

Bitcoin: Money or Financial Investment | St
"Economists like to argue that money belongs in the same class as the wheel and inclined plane among ancient inventions of great social utility. Price stability allows that invention to work with minimal friction."  Bitcoin has become a cultural and financial phenomenon. While many people have heard of Bitcoin, far fewer understand it. In short, Bitcoin is a digital currency, or "cryptocurrency," that allows person-to-person transactions independent of the banking system. Bitcoin is not a physical coin that you keep in your purse or wallet. Rather, it is a virtual currency?a digital computer code you store in a virtual wallet in cyberspace and access with a computer or smartphone app. Some see Bitcoin as revolutionary because it allows people to transfer money to each other very easily (like sending an email), even across international borders. Lately, however, many people are buying this virtual currency purely as a financial investment, hoping it will appreciate, rather than using it for transactions. So which is it?currency or financial asset? Or perhaps the line dividing one from the other is not very clear.
January 16, 2019 4:32 PM

Bitcoin price update on Monday September 18 - Business Insider Menu Icon
LONDON ? The price of Bitcoin is surging on Monday after a week in which it lost more than $1,000 in value and dropped below $3,000 per coin for the first time in over a month. Bitcoin collapsed spectacularly last week as news of a regulatory crackdown in China broke. The cryptocurrency dropped 16% against the dollar on Thursday after Chinese media reported that the country's regulators were moving closer to shutting down exchanges. But Bitcoin is now surging again. By 9.00 a.m. BST (4.00 a.m. ET), Bitcoin is up by more than 6% against the dollar ? its key pairing in the currency markets ? to trade at $3,950 per coin, just below the psychologically significant $4,000 mark, as the chart below illustrates:
January 16, 2019 4:32 PM

Bitcoin's price keeps breaking records
Where technology and economics collide Bitcoin reached a record high on Tuesday, climbing above $2,900 for the first time. That?s more than double the price at the beginning of May, and an incredible 500-fold increase over the past five years. For Americans, the soaring value might seem like a puzzle, since it doesn?t seem like the payment network is any closer to mainstream acceptance here. But experts tell me that the currency?s recent growth is driven by soaring demand in Asia. ?Based on the data we've collected, we think speculation in the primary driver,? said Garrick Hileman, a Bitcoin expert at the Cambridge Center for Alternative Finance, in an interview in late May. Hileman says that surveys show most users buying and selling bitcoin for speculative purposes rather than to buy things or send cash to other people.
January 16, 2019 4:32 PM

Beyond the bubble: What happened to bitcoin in 2018
The apps, books, movies, music, TV shows, and art are inspiring our some of the most creative people in business this month The struggles and triumphs of prominent women in leadership positions The major tech ecosystems that battle for our attention and dollars What?s next for hardware, software, and services Our annual guide to the businesses that matter the most Leaders who are shaping the future of business in creative ways New workplaces, new food sources, new medicine--even an entirely new economic system Celebrating the best ideas in business An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens
January 16, 2019 4:32 PM

Bitcoin Reached $20,000, Let's Analyse Why The Price Is Rising So Fast - The Financial Gazette
Input your search keywords and press Enter. Bitcoin reached highs of $20,000 internationally yesterday as its meteoric rise continues. Average prices crossed the $16,000 mark on the day. It still boggles the mind that we started this year at about $1000 and in eleven odd months the price is reaching twenty thousand dollar highs. That is growth unheard of in investment circles. Articles appeared first on Techzim; Bitcoin Reached $20,000, Let?s Analyse Why The Price Is Rising So Fast © 2018 ALL RIGHTS RESERVED THE FINANCIAL GAZETTE Website by Calmlock Digital Marketing

All the reasons why Bitcoin is dropping so fast in 2018
Bitcoin is one of the most volatile digital assets in the world. Since its invention in 2009, there have been times the cryptocurrency lost value overnight, leaving investors in dismay. The currency?s worst crash in a single day happened on April 7th, 2013. After a slew of media coverage, bitcoin?s value went up from $30 on March 7th to $233 in one month. Out of the blue, the coin?s value lost 71% value one night, opening April 8th at $67. Bitcoin has also had some good moments. In fact, the coin?s story is one of triumph. From humble beginnings and a pseudo-anonymous founder, the cryptocurrency started at the bottom to reach $19,000 in eight years.
January 16, 2019 4:31 PM

History of bitcoin - Wikipedia
Bitcoin is a cryptocurrency, a digital asset designed to work as a medium of exchange that uses cryptography to control its creation and management, rather than relying on central authorities. The presumed pseudonymous Satoshi Nakamoto integrated many existing ideas from the cypherpunk community when creating bitcoin. Over the course of bitcoin's history, it has undergone rapid growth to become a significant currency both on and offline ? from the mid 2010s, some businesses began accepting bitcoin in addition to traditional currencies. Prior to the release of bitcoin there were a number of digital cash technologies starting with the issuer based ecash protocols of David Chaum and Stefan Brands. Adam Back developed hashcash, a proof-of-work scheme for spam control. The first proposals for distributed digital scarcity based cryptocurrencies were Wei Dai's b-money and Nick Szabo's bit gold. Hal Finney developed reusable proof of work (RPOW) using hashcash as its proof of work algorithm.
January 16, 2019 4:31 PM

16 Predictions for the Bitcoin Price from Industry Experts
Knowing the bitcoin exchange rate for 2019 will allow you to plan investments in cryptocurrency and extract maximum profit from them. What price for bitcoin can we expect in 2019? What do the experts say? What should an investor be looking at? In December 2017, the cost of bitcoin went over the $20,000 mark, which made even those with no previous interest in cryptocurrency start to think about investing in it. The experts announced a great future for virtual coins. Many offered positive forecasts of the bitcoin exchange rate for 2018, assuring the future increase in the price of BTC, increasing interest in mining, and the possible recognition of crypts in different countries.
January 16, 2019 4:31 PM

Bitcoin's incredible surge takes it above $9,500
We're no longer maintaining this page. For the latest business news and markets data, please visit CNN Business The virtual currency rocketed above $9,000 for the first time on Sunday and was trading above $9,500 by Monday morning in Asia. Stock markets around the world have been on a tear this year, but their gains are paltry compared with bitcoin's. The digital currency, which only rose above $8,000 about a week ago, has surged an incredible 860% since the start of the year. Despite skepticism from some top finance executives about bitcoin's rise, experts say the latest gains appear to have been fueled by expectations that big professional investors -- such as hedge funds and asset managers -- could soon pour money into the currency.
January 16, 2019 4:31 PM

Literally just one massive chart that says everything about bitcoin in 2017 - MarketWatch
Published: Oct 12, 2017 6:27 p.m. ET Bitcoin has been busting through $100 milestones at a blindingly fast pace all year long. That?s how long it took bitcoin BTCUSD, +0.84% back in April 2013, to rise from $100 for a single bitcoin to $200. Fast forward four years and the cryptocurrency has shot up over the $5,000 mark and has been scaling $100 milestones in a matter of hours on a routine basis. On Wednesday evening, the price of a single bitcoin was around $4,800; by Thursday afternoon it had shot up to top $5,300 for the first time. While these milestones have become lesser and lesser accomplishments as bitcoin has continued to blaze along its upward path ? bitcoin would now only need to rise 1.9% to go from $5,300 to $5,400, compared with 100% when it doubled to $200 ? it is also indicative of just how astonishingly fast the digital currency has been rising this year. So fast we are barely able to fit all the milestones onto this whopper of a chart (and have been updating it many, many times this year).
January 16, 2019 4:31 PM

Bitcoin hits $10,000 milestone: but is it a solid investment or the next big asset bubble Telegraph logo Feed of articles Saved articles Save
Bitcoin's price rose past $10,000 (£7,500) on Wednesday morning, a landmark point for the digital currency. It took just three days between it passing $9,000 and $10,000, showing that the price of the currency is not merely increasing, but doing so at a faster rate. Bitcoin jumped almost 9pc overnight to a high of $10,831.75, shrugging off fears the milestone could trigger a wave of selling and . It has now risen tenfold this year, appearing to defy claims that the currency is merely a conduit for online criminals. It has been labelled a fraud and a bubble by high-profile figures in finance, including JP Morgan boss Jamie Dimon, but has attracted increasing interest outside the community of geeks...
January 16, 2019 4:31 PM

Four factors driving the price of Bitcoin
Senior Research Consultant, CSIRO Alicia (Lucy) Cameron owns 1.5 Bitcoin and 1.5 Bitcoin cash. Kelly Trinh does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment. CSIRO provides funding as a founding partner of The Conversation AU. Republish our articles for free, online or in print, under Creative Commons license. The price of Bitcoin has dropped to around A$8,000 in the last few days, after almost hitting A$10,000 in the past month, and rising over 1,850% since 2015. All of this shows how volatile the currency is, prompting the question, what leads to such huge movements?
January 16, 2019 4:31 PM

What On Earth Is Going On With Bitcoin - The Atlantic
The cryptocurrency?s current price is completely unreal. Then again, so is money. A bar of gold. A disk of iron. A chain of beads. A card of plastic. A slip of cotton-linen paper. These things are worthless. One cannot eat them, or drink them, or use them as a blanket. But they are valuable, too. Their value comes from the simplest thing. People believe they are money, and so they are. If every currency is a consensual delusion, then bitcoin, a digital cryptocurrency that changes hands over the internet, feels more like a consensual hallucination on psychedelic drugs. The concept of bitcoin was born in a detailed white paper published in late 2008 by a pseudonymous ?Satoshi Nakamoto.? By 2013, one bitcoin was worth $12. As of this writing, it?s worth more than $10,000. Its value has doubled in the last two months alone. For any currency?s value to increase by 100 percent in eight weeks is, to use a technical term, bonkers. If the Japanese yen or American dollar did the same, their economies would plunge into an infernal deflationary spiral.
January 16, 2019 4:30 PM

Bitcoin surges to $15,000 a 25-percent rise in 48 hours | Ars Technica
Sign up or login to join the discussions! Timothy B. Lee - Dec 7, 2017 3:24 pm UTC The astonishing increase means that all bitcoins in circulation are now worth around $250 billion. It's not clear why Bitcoin's price is rising so quickly. Over the last year, the currency's popularity has been buoyed by a larger phenomenon of initial coin offerings?sales of cryptocurrencies that compete with bitcoins. For many people, the easiest way to acquire these alternative cryptocurrencies is to first buy some bitcoins from a bitcoin exchange, then trade those bitcoins for another currency. At this point, Bitcoin seems to be caught up in the self-perpetuating hype cycle of a bubble. This has happened to Bitcoin twice before. In mid-2011, Bitcoin's price rose from $1 to $30 in two months, before crashing back to $2 before the end of the year. Then in early 2013, Bitcoin's price rose from $13 to more than $250 in four months?before losing 80 percent of its value over the course of 48 hours.
January 16, 2019 4:30 PM

Why Is Bitcoin's Value So Volatile Academy caret Investopedia Logo
Price fluctuations in the Bitcoin spot rate on the Bitcoin exchanges is driven by many factors.  Volatility is measured in traditional markets by the Volatility Index, also known as the CBOE Volatility Index (VIX).  Volatility in Bitcoin does not yet have a generally accepted index since cryptocurrency as an asset class is still in its nascent stages, but we do know that Bitcoin is capable of volatility in the form of 10x changes in price versus the U.S. dollar, in a relatively short period of time. Here are just a few of the many factors behind Bitcoin's volatility: News events that scare Bitcoin users include geopolitical events and statements by governments that Bitcoin is likely to be regulated.  Bitcoin's early adopters included several mal actors, producing headline news stories that produced fear in investors. Headline-making Bitcoin news includes the bankruptcy of Mt. Gox in early 2014 and more recently that of the South Korean exchange Yapian Youbit, and others like the high-profile use of Bitcoin in drug transactions via Silk Road that ended with the FBI shutdown of the marketplace in October 2013. All these incidents and the public panic that ensued drove the value of Bitcoins versus fiat currencies down rapidly.  However, Bitcoin-friendly investors viewed those events as evidence that the market was maturing, driving the value of Bitcoins versus the dollar markedly back up in the short period immediately following the news events. 
January 16, 2019 4:30 PM

Bitcoin price in 2018 could hit $60,000 but another crash is coming
Cryptocurrency entrepreneur Julian Hosp says bitcoin's rapid rise isn't over yet. But there's a catch. "I think we're going to see bitcoin hitting the $60,000 mark, but I also think we're going to see bitcoin hitting the $5,000 mark," said Hosp, co-founder and president of TenX, a firm that wants to make it easier for people to spend virtual currencies. "The question is though, 'Which one is it going to hit first?'" he said. Numerous high-profile critics and several national governments have warned of the dangers of investing in cryptocurrencies, which they say are likely to crash because nothing underpins their value.
January 16, 2019 4:30 PM

Bitcoin: How High Can Bitcoin's Price Go in 2018 | Fortune Close
Had Jerry Brito?s daughter waited longer to emerge, she might have been someone else entirely. In November, as Brito paced the hospital for 23 hours while his wife was in the delivery room, he floated an alternative name for the baby: ?Ten Thousand.? The founding executive director of the nonprofit Coin Center, Brito had spent years advocating for Bitcoin, arguing that the cryptocurrency, and the technology underpinning it, would dramatically change our economy, reshaping the world into which we?re all born. Now Brito was on the cusp of realizing two long-held dreams. Even as his wife went into labor a few days after Thanksgiving, Bitcoin was taking off as well. Worth $950 at the start of the year, its price breached $9,000 while Brito waited in the maternity ward. This explained why his daughter was taking her time, he began saying: ?This baby does not want to be born in a world where Bitcoin is not $10,000.?
January 16, 2019 4:30 PM

Aggregated knowledge base entries about Bitcoin (BTC) Titles not entered by Crypto.BI and are Copyright(C) their original authors.