Bitcoin News (BTC) - Page 38

Bitcoin reached an all-time high last year
A year ago it seemed bitcoin could do no wrong. On Dec. 17, 2017, the cryptocurrency hit its all-time-high of $20,000 on industry site CoinDesk's price index. Two financial exchanges opened bitcoin futures markets, a move hailed as a step toward legitimizing the currency in the eyes of Wall Street, and waves of amateur investors sought to buy into the frenzy. In a particular show of optimism, one analyst predicted bitcoin prices would rise all the way to $100,000 in 2018. That didn't happen. Instead, bitcoin and other digital coins plummeted this year, punishing portfolios and sowing doubt about the future of cryptocurrencies.
January 16, 2019 4:29 PM

www.nbcnews.com

Bitcoin's Price Has Soared
SAN FRANCISCO ? Bitcoin has been in a bull market like few the world has ever seen. At the beginning of the year, the price of a Bitcoin was below $1,000. It hit $5,000 in October, then doubled by late November. And on Thursday, less than two weeks later, the price of a single Bitcoin rose above $20,000 on some exchanges, according to Coinmarketcap. The latest price spike has been credited to signs that Wall Street companies plan on bringing their financial heft into the market. At the current cost, the value of all Bitcoin in circulation is about $300 billion. To get a sense of how big that is, all the shares of Goldman Sachs are worth about $90 billion.
January 16, 2019 4:29 PM

www.nytimes.com

Why Is Bitcoin Surging, and How Long Can This Continue | NDTV Gadgets360
The value of Bitcoin keeps rising. As we write this, in the last 48 hours itself, Bitcoin has risen nearly $3,000, and is now valued at around $14,800. Less than a month, ago it was nearly 40 percent of that, listed at $5,750 on November 12. And if you had invested at the start of the year, you'd be sitting on over 14x returns right now, as a single Bitcoin was worth less than $1,000 on January 1. After some lows in 2015 Bitcoin has been headed upwards, first steadily, and then dramatically as of this year. What's less clear to many, including people trading in Bitcoin and various experts, is why. Having spoken to a lot of people for this story, we got a sense that there aren't many good answers, and if that sort of talk makes you nervous about investing in Bitcoin, good. There are some real fears that this is a bubble, and if you don't do your research carefully then there's a good chance that you'll lose money if you "invest" in Bitcoin.
January 16, 2019 4:29 PM

gadgets.ndtv.com

As bitcoin's price passes $10,000, its rise seems unstoppable - A lot of zeros the economist down icon down icon user icon down icon magnifier icon hamburger icon close icon up icon up icon up icon print-edition icon twitter icon facebook icon linkedi
But getting out of such an illiquid asset can be harder than getting in MOST money these days is electronic?a series of ones and zeros on a computer. So it is rather neat that bitcoin, a privately created electronic currency, has lurched from $1,000 to above $10,000 this year (see chart), an epic journey to add an extra zero. Upgrade your inbox and get our Daily Dispatch and Editor's Picks. On the way, the currency has been controversial. Jamie Dimon, the boss of JPMorgan Chase, has called it a fraud. Nouriel Roubini, an economist, plumped for ?gigantic speculative bubble?. Ordinary investors are being tempted into bitcoin by its rapid rise?a phenomenon dubbed FOMO (fear of missing out). Both the Chicago Mercantile Exchange, America?s largest futures market, and the NASDAQ stock exchange have seemingly added their imprimaturs by planning to offer bitcoin-futures contracts.
January 16, 2019 4:29 PM

www.economist.com

Why is the Bitcoin price rising so fast | World Economic Forum
We use cookies to improve your experience on our website. By using our website you consent to all cookies in accordance with our updated Cookie Notice. Bitcoin gained another 6% Wednesday, reaching a new high for the year. The cryptocurrency reached the $450 mark late in the day before falling back to $425. That?s compared with around $250 a month ago. What?s behind this? Investors and brokers can?t agree. In the last few days, explanations have included a rise in demand from China, an upcoming auction by US Marshals of seized bitcoin, and the influence of a convicted Ponzi schemer?s latest gambit.
January 16, 2019 4:29 PM

www.weforum.org

Bitcoin - Too Far Too Fast
As Bitcoin surges above $9,250 on the open this Sunday, I have to admit to having some real trepidation at these levels. I have been a proponent of the view that Bitcoin and cryptocurrencies would benefit from the launch of ETFs and futures.  My view is that allowing for easier "adoption" of Bitcoin will help fuel its growth as it lets new investors participate indirectly.  I should not limit that theory to just more traditional ways to invest, like ETFs and futures, but should also include easier ways to establish wallets and to own Bitcoin (and other cryptocurrencies) the "traditional" way.  There are a growing number of "easy" to use guides to getting Bitcoin (I have glanced at many but haven't followed through to verify how well they work of don't work).
January 16, 2019 4:29 PM

www.forbes.com

Why Is Bitcoin Rising So Fast, Is it Going To Dump Steemit Steemit logo
These are my thoughts please do not take my thoughts as advise. People are dumping Alt Coins and putting their money back into Bitcoin They are getting ready for a Bitcoin Fork which will happen around 25th October The clever people will dump Bitcoin Gold for a quick profit, and go back to Alt Coins, and Bitcoin will have dumped around the Bitcoin Gold Release. Do your research on Google and Youtube, but do not believe everything you read. Make your mind up to what is true. Never believe people who are promoting something. $5210 and rising it will get to the $5500 easily before 25th October and then you will see I made sense. I do not hold Bitcoin at the moment so I am not promoting Bitcoin.
January 16, 2019 4:28 PM

steemit.com

Why is bitcoin's price so high TechCrunch
Bitcoin?s price has risen stratospherically, a fact that leaves many minor players in the market with massive gains and many bigger players millionaires. But is this a bubble? Are the gains real? And are the bitcoin whales in for a sad Christmas? First we must understand what drives bitcoin price and, in particular, this boom. The common understanding for current growth leads us back to institutional investors preparing for the forthcoming BTC futures exchanges. The primary theory about the astonishing rally being put forward by investors on social media is that bitcoin will soon benefit from big institutional money injections via the introduction of the first BTC futures products. CBOE Global Markets and CME Group are launching new futures contracts on December 10 and December 17, allowing investors to go long or short on bitcoin. This ability makes bitcoin far more palatable to big investors who are currently flooding the market to make profits if and when the bitcoin price falls.
January 16, 2019 4:28 PM

techcrunch.com

Bitcoin Reached $20,000, Let's Analyse Why The Price Is Rising So Fast - Techzim
Home » Finance » Bitcoin Reached $20,000, Let?s Analyse Why The Price Is Rising So Fast 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. That is 1900% or 1600% return in less than a year. Why the sudden growth though? It hasn?t always been like this. It took the cryptocurrency about 7 years to get to a thousand. Then in less than a year it grows that rapidly to reach $20,000. What gives?
January 16, 2019 4:28 PM

www.techzim.co.zw

How is bitcoin rising so fast : ethtrader
Why is bitcoin rising so fast while Ethereum is being ignored? Just because it doesn't have the same media attention? ELI5 attempt: Financial contract to buy or sell x amount of y in the future for z price Very commonly used to buy commodoties and to manage price risk by companies (eg. by grain for bread at a locked-in price) Example: I may sell you a contract that commits me to sell you 1 eth for 700EUR on dec 1 2018 What happens when you short in your example? I'm a bit confused on how that would be profitable for anyone so I must be missing something. Well if you short you secure a price in the future. The rationale would either be, that you expect the asset´s price to fall (you have a contract enabling you to sell it for more) or to lock in a price in the future (think of the farmer wanting to lock-in the price of his grain)
January 16, 2019 4:28 PM

www.reddit.com

Ask HN: Why is Bitcoin's value rising so fast | Hacker News
it seems like you're saying potato chips aren't scarce, because I can break the chips in my bag up until everyone in the world has a piece of potato chip, and thereby feed the world. in economic terms, scarcity means that the supply is fixed. and bitcoin supply, by definition and network consensus, is fixed. I think this is what makes 'breaking up potato chips' into a million pieces to solve hunger seem ridiculous. Where-as splitting a coin into values seems natural. To me at least. The amount of money in the hands of institutional investors is huge, multi hundred billions. If a minuscule numbers of these investors put a tiny amount of their portfolio in bitcoin, the price will rocket even further.
January 16, 2019 4:28 PM

news.ycombinator.com

Why is bitcoin's price rising so rapidly - Quora
aGdD obcyW JCEOBDyEfXi FELxucBhYafnegneP Hope this answers your query. :) sZpGosnDsuoirCeFdL YblyR CEexDnYemszsU 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 (See the Investopedia Bitcoin Center for current updates on the price of bitcoin).
January 16, 2019 4:28 PM

www.quora.com

Bitcoin price news 2018: Why is bitcoin rising today Will BTC fall again | City & Business | Finance | Express
The value of cryptocurrency bitcoin plunged last month, and again last week, amid fears trading could become illegal in a number of countries. South Korea and India have both issued warnings to the market, threatening to pull the plug in a devastating blow to prices. Already a volatile cryptocurrency, bitcoin hit a record high when it passed $20,000 in December to the delight of investors. But BTC?s value has since shifted unpredictably, with wild drops and subsequent recoveries seeming to become a never-ending cycle of highs and lows. Last week, the value plunged again from nearing £10,000 to $6,000 in just four days.
January 16, 2019 4:28 PM

www.express.co.uk

Why is the price of bitcoin rising so high BTC reaches $10,000 | City & Business | Finance | Express
Bitcoin prices reaches reached £7,529.77 ($10,009) on the CEX trading platform earlier today, before slightly dipping in value. Since the start of the year, the cryptocurrency has achieved the incredible feat of increasing more than 1,000 per cent in value. But despite the incredible growth, economists are still apprehensive of the token?s inherent volatility and signs it could be a price bubble. Just two weeks ago, bitcoin investors took a hit when the token?s prices plummeted over 20 per cent before bouncing back. And yet Bob Doll, chief equity strategist at Nuveen Asset Management, agrees that bitcoin?s rise has been nothing short of ?amazing?.
January 16, 2019 4:28 PM

www.express.co.uk

SFOX interview Jimmy Nguyen on Bitcoin SV, the value of original intent, the roots of his passion for crypto, and the way forward for the crypto community in 2019
After enabling Bitcoin SV on their algorithmic trading platform last month, the SFOX team was honored to interview Jimmy Nguyen, the CEO of nChain Group, Founding President of bComm Association, and global ambassador for Bitcoin SV. A lifelong advocate for cutting-edge technologies from the Internet to cryptoassets, Nguyen spent over two decades as an IP and technology lawyer before turning his attention to crypto. We sat down with Nguyen to get his perspective on everything from the value of Satoshi?s original intent, to the rhetoric of debating what constitutes the ?real? Bitcoin, to the good and bad of social media in the crypto industry, to lessons from the November 2018 Bitcoin Cash hash war, to what 2019 and beyond holds for Bitcoin SV.
January 16, 2019 4:22 PM

blog.sfox.com

Is GladiaCoin a SCAM : Bitcoin
A friend is into GladiaCoin. He keeps asking me to join, but it seems to good to be truth. Most of the searches for "gladiacoin scam" seem to be paid advertisement. Anybody can chime in? EDIT: Thanks for the responses. Why the downvotes? Shouldn't this question get more upvotes so that other people can fin it? Almost certainly a ponzi scheme. They promise to "double your bitcoins in 90 days", which is hillariously unrealistic. Also, they push existing members into recruiting new members, which is how they are able to sustain the scam. Tell your friend to get out with his coins while he still can.
January 16, 2019 4:12 PM

www.reddit.com

Gladiacoin: Probably A Ponzi - Bitcoin Center NYC
With the cryptocurrency industry catching investors eyes, it is important to distinguish scams from legitimate companies. On the previous post about ICOs, we discussed the steps and importance of conducting research before investing. GladiaCoin is a great example of a company that does not satisfy the important components: team, mission, social media, and history. After a thorough analysis, it became clear the company was showing signs of a ponzi scheme. A ponzi scheme will attract investors with claims of high returns. The investors who first enter will receive their money from other investors entering the company later, which becomes a cycle that eventually ends due to lack of new investors or people trying to withdraw funds. Once the company notices the cycle ending, they will usually leave with all of the remaining money and shutdown. As a result, investors lose their money and feel robbed.
January 16, 2019 4:11 PM

bitcoincenternyc.com

Mining Bitcoins on Android Devices - InfoBarrel
Did you know that you could mine Bitcoins on your Android phone or tablet? It is possible to mine Bitcoins with the Android app DroidMiner. While using this app is not going to earn you a lot of Bitcoins on its own, by joining a Bitcoin mining pool you could earn fractions of a Bitcoin rather quickly. Before using this app, I was totally new to Bitcoin mining and I had a lot of trouble configuring the DroidMiner app to mine Bitcoins, but I did my research and I found out how I could successfully mine Bitcoins on my Android cell phone. I am going to show you the setup I used to start mining Bitcoins on my Android phone.
January 16, 2019 3:59 PM

www.infobarrel.com

A Soft Introduction to Bitcoin Mining for Beginners - VastBitcoins
Posted on December 16, 2013 by Damien in Bitcoin Economoy, Bitcoin Mining, Information // 0 Comments Today we?re going to discuss Bitcoin mining, but for new readers, let?s briefly touch on what Bitcoins are, exactly: Bitcoins are a relatively new form of ?digital? currency. They?ve been catching the interest of stay-at-home economists and programmers alike, along with some other comparatively big economic players. This new form of currency is completely open source and generated by everyday computer users?just like you?all over the world. Because Bitcoins are not owned by any banking institution or generated by any federal governments, they present a highly unregulated, low-fee currency that can be traded for any national currency in the world.
January 16, 2019 3:57 PM

vastbitcoins.com

Bitcoin eclipse shares
The US might be gearing up for a once in a lifetime solar eclipse but here in Ireland, it will be a totally different story. Lesser known companies trading on stock exchanges in Japan India have seen their share prices soar at least per cent, Hong Bitcoin eclipse shares matching the cryptocurrency s. Flagler Astronomy Bitcoin eclipse shares shares solar eclipse viewing tips News. BitClub Network is the hottest way to mine Ethereum, the coin that could potentially eclipse Bitcoin. Can employ various types of attacks to gain an unfair share of the mining bitcoin eclipse shares. In a mining pool, bitcoin eclipse shares designated pool. Google's Year in Search has been published it ranks bitcoin as the second biggest news story.
January 16, 2019 3:56 PM

www.ideeundklang.com

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