Tag Archives: opinions

Bitcoin reached $1435 all time high

1435alltimehigh

JEEZUS!!!! Go go go! Bitcoin is making a move reaching another all-time high of $1450+ (on Gemini, Bitfinex, Coinbase, Bitstamp, and other major exchanges) and lot so of altcoins are right behind, rising large %’s today. Lets hope this upward trend continues. Lots of developements happening with Bitcoin, ETH, Ripple and more.

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SEC decision on Winklevoss ETF is today!

The SEC is going to make their decision to approve or deny the Winklevoss ETF (exchange-traded fund) today.

Place your bets! Do you think they will approve, or deny?

SEC-approval-onehash

Winklevoss’s own the Bitcoin exchange called Gemini, NASDAQ: COIN.

Good luck to them, and to bitcoin for this monumental event!

EDIT: The SEC did not approve the ETF 🙁

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Bitcoin reaching $900+

bitcoin900

Well everyone, bitcoin has reached $900 again and still going upwards! Is it due to India banning their 500 & 1000 rupee notes? Would love to know your opinions or information regards to WHY you think the bitcoin has been sky rocketing recently.

Forbers article here.

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Bitcoin halving – will the BTC price rise soon!?

The bitcoin halving is coming very soon, approx 3 weeks from today. You can watch the countdown at Bitcoin Clock here.

So since the price has soared to over $700 this week, with still 3 weeks until halving what would you expect to happen from now on? More rise rise rise and then fall after halving?

Would love to hear your opinions, please comment, discuss 🙂

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Bitcoin price soars to $500 today!

Are you also sitting on the edge of your seat watching the Bitcoinity live chart going haywire all day, everyday for the last few days? The bitcoin price soaring from $237 a month ago up to $500 today’s maximum price (so far).

rise bitcoin RISE!

rise bitcoin RISE!

Now, lets speculate why this is happening? What are your opinions? (please comment your thoughts)

Is it:

USAA integrating bitcoin balance for their banking customers??
Blockchain tech featured in The Economist magazine (or blockchain technology in general)
The Winklevoss’s launch of trading platform Gemini.com
Worldpay quietly supporting Bitcoin and Blockchain
Something happening in CHINA?

Maybe just a mix of them all, or some secret undercover shit that is way over our heads? Other ideas?

Would love to hear your thoughts!

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Coinbase fees too high?

Bitstamp with 0.5% fee and then there’s Coinbase with 1% fee, I was wondering, why is this so high? and is this fair? I love bitcoin but really for an exchange to be taking 1% on all sells and all buys is just ridiculous imo. I love you Coinbase, love you bitcoin, but this really should be updated to a more fair amount.

The Winklevoss brothers are launching Gemini but it seems they have not yet released their fee amount. I emailed them already:

Hi, i’d like to know what kind of fees will Gemini have per transaction?
Coinbase has 1%, Bitstamp 0.5%
Where will you guys be at? I’m very interested, i’d love to see something lower than 1%, that is insane imo
Thank you

from TalkBitcoins.com

I am not the only one who thinks this way, here’s a thread on Reddit about it ->

I love you coinbase, and love your easy to use platform, but really, why the high fees?

UPDATE (Oct 18, 2015): Gemini replied that they have only 0.25% transaction fees! 🙂






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Does Paul Krugman have any credibility left?

Paul Krugman

After Paul Krugmans statement about the internet in late 90’s, does he have any credibility left as an economist?

Paul Krugman is a Nobel Prize-winning economist that has said this in the late 90’s about the internet:

The growth of the internet will slow drastically, as the flaw in “Metcalfe’s Law” – which states that the number of potential connections in a network is proportional to the square of the number of participants — becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.

He hates bitcoin and actually thinks he has credibility left to talk down against it. Here you can see a great article by Forbes columnist Mark Rogowsky -> http://www.forbes.com/sites/markrogowsky/2014/10/05/krugmania-as-bitcoins-price-falls-the-nyt-pundit-takes-a-very-premature-victory-lap/






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EBay CEO is “serious” about bitcoin

CEO of Ebay John Donahoe talks about how the future of eBay and Paypal may be heading towards integrating bitcoin functionality into their system.

John Donahue Ceo eBay talks about how serious they are about integrating eBay/Paypal and bitcoin in near future.

John Donahue Ceo eBay talks about how serious they are about integrating eBay/Paypal and bitcoin in near future.

Quote from this interview:

“There is no doubt that digital currecny is going to play an important role going forward at paypal we’re going to have to integrate digitaul currencies into our wallet”

He also admits to owning bitcoins, not as an investment but to “understand how it can be used”.

See the video on CNBC here.

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Mt Gox situation will pass and bitcoin will thrive once again

Mt Gox (aka “Empty Gox”) filed for bankruptcy protection Mark Karpeles admits all the money is gone, vid/article here. As of now there is an estimated 750,000 – 850,000 bitcoins that have gone missing from MtGox.

mtgox_protest Kolin Burges

For those of you that had money or bitcoins in your MtGox account, the recovery process has begun. There is a class action suit against MtGox and CEO Mark Karpeles, to join the class action suit check this page http://www.mtgoxrecovery.com There are currently over 1000 participants. The actual Greene vs MtGox Inc file is here.

Here is a nice timeline of MtGox since they began exchanging bitcoins back in 2011. Check it out here.

To those that lost on MtGox I wish you all good luck getting your money and bitcoins back.

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Bitcoin and the China situation

CCTV BTC Documentary about bitcoins

(sorry it’s in China language)

Read what a Chinese born US citizen says about the CCTV BTC Documentary here: http://www.reddit.com/r/Bitcoin/comments/1dosc3/im_a_chinese_born_us_citizen_heres_what_i_thought/

He describes it well in full detail.

Also read the thread on Bitcoin Talk about it here.

The only problem is that currently Chinese law forbids digital currency to be used for anything other than online things. (ie: gaming, gambling, etc etc).

Talk about strength in numbers, well China is where it’s at! Imagine the power that the Bitcoin can gain with strength in numbers from a country like China. It reminds me of that 12th season episode of Southpark where Cartman is having a nightmare about the Chinese people taking over the world LOL.

Southpark "The China Problem"

Southpark “The China Problem”

See the episode here: http://www.southparkstudios.com/full-episodes/s12e08-the-china-probrem

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