Monthly Archives: January 2015

Jan 20 Midday Bitcoin Price Analysis – Trading Plan Review – Video

Posted: January 22, 2015 at 4:49 am


Jan 20 Midday Bitcoin Price Analysis - Trading Plan Review
Reviewing trading plan options as our Bitcoin Price Analysis today shows the consolidation pattern increasing into the point of a triangle within a bottom formation. http://lumbridgecity.com/...

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[Bitcoin Billionaire] iOS gameplay – Video

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[Bitcoin Billionaire] iOS gameplay
I play Bitcoin billionaire please like and subscribe if you enjoy.

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SF Bitcoin Devs Seminar: Profitable & Self-Sustainable DApp – Video

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SF Bitcoin Devs Seminar: Profitable Self-Sustainable DApp
Tom(Founder@ Koinify, a DApp funding platform) will share thoughts on designing a Decentralized Application/Autonomous Corp that make economic sense. http://koinify.com/

By: Taariq Lewis

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SF Bitcoin Devs Seminar: Profitable & Self-Sustainable DApp - Video

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Bitcoin Aliens – Highest Paying Top Bitcoin Faucet – Video

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Bitcoin Aliens - Highest Paying Top Bitcoin Faucet
Bitcoin Aliens is one of the highest paying Bitcoin Faucet with Automatic Payments every Friday. Check out the video for more information. Join the Amazing and Most Profitable Bitcoin Faucet...

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How to pay the internet bill in Thailand with Bitcoin (www.coins.co.th) – Video

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How to pay the internet bill in Thailand with Bitcoin (www.coins.co.th)
This video illustrates how to pay the internet bill in Thailand with Bitcoin (by http://www.coins.co.th) - ...

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FREE BITCOIN – RABBITCOIN – Video

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FREE BITCOIN - RABBITCOIN
Get free bitcoins every 2 hours on Rabbitcoin http://q.gs/7yIC8 Bitcoin is a digital currency (also called cryptocurrency). Bitcoin uses peer-to-peer technology to operate with no central...

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FREE BITCOIN - RABBITCOIN - Video

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OverStock Creating A BitCoin Stock Market! – Video

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OverStock Creating A BitCoin Stock Market!
In this video Luke Rudkowski talks to the communications director of OverStock Judd Bagley about the latest news of their innovation of the bitcoin and business world. Check out our 2nd channel....

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Charlie Shrem – Decentral Toronto Bitcoin Meetup Group – Video

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Charlie Shrem - Decentral Toronto Bitcoin Meetup Group

By: decentral.tv

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The ‘internet weirdos’ of bitcoin are changing the way …

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A general view of the bitcoin booth at the 2015 International CES at the Las Vegas Convention Center in January. Photograph: Ethan Miller/Getty Images

Theres no reason to mourn the fall of bitcoin prices. Anyone who is crying over bitcoins recent face-plant losing one-third of its value in two days must be a speculator. Gambling is gambling sorry, pal. If youre celebrating the price drop because of schadenfreude, or just straight-up skepticism about the cryptocurrency itself, youre missing the point, too.

The nosediving price of bitcoin matters in the short term because rattled confidence hurts any currency, especially a relative newborn that is only used to grease a tiny sliver of global commerce.

In the long run, however, the price swings wont matter. The currency called bitcoin itself may not even matter.

But cryptocurrency will, and likewise the technology underlying it. In a way, bitcoins wild fluctuations in price and coming through them onto calmer waters could ultimately illuminate the staying power and significance of cryptocurrency.

First, though, the near-term doubt and skittishness catalyzed by the price drop: bitcoin has a reputation problem not only because its so young, but also because it lacks institutional credibility.

The bitcoin faithful have argued that price oscillations are to be expected during these early years.

As more investors get involved, and as bitcoins utility as a medium of exchange increases, it will theoretically become less attractive to speculators, thereby stabilizing in price.

Yet it isnt clear exactly how bitcoin will grow if everyday people are spooked. The ongoing price volatility is a real barrier to wider adoption, at least on the consumer side, says Marc Hochstein, editor-in-chief of American Banker. That was true at $10 and it was true at $1,000.

So yes, rattled confidence in the value of bitcoin matters, some, but this is not some do-or-die moment or comeuppance for the currency. On the contrary, its a blip, and a distraction from the meatier discussions about what decentralized currency is, and how the technology that powers it might influence our lives in the future.

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Bitcoin among the world's elite

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The price of bitcoin has suffered recently, with a dip to $200 from $300 since the turn of the year. It was also given the rather dubious title of the "worst investment of 2014" by some news organizations with prices starting 2014 at over $800.

Wences Casares, the founder and CEO of California-based bitcoin services firm Xapo, believes that like the rise of the Internet, it was only a matter of time before the cryptocurrency got it's foot in the door at Davos.

"It's gold 2.0...it's substantially better than gold," He told CNBC on the outskirts of this year's event. His company is banked in Switzerland and provides storage services for bitcoin users. It's not the first time he's been to the event, but the first as a representative of a bitcoin-related company.

Rather than trying to gain more investment, Casares is in Davos to spread the word of bitcoin or "evangelize," as he put it. Casares believes that in 10 years' time, traditional banks will look more like multi-function telecoms firms and believes that bitcoin will form part of that transformation.

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