5 Stages of not owning Bitcoin

Monday, 08 January 2018 11:16 Bitcoin News

As we enter into 2018 it is clearly impossible to ignore Bitcoin or any cryptocurrency for that matter.  They have broken into everyday discussions on financial markets.  Not only does Bitcoin now regularly flash across your TV screen on financial media but there are two Bitcoin futures contracts and a large number of ETF applications.  There are clearly true believers in cryptocurrencies and they were incredibly well rewarded last year.  There are those who shout bubble, but have been shouting bubble since Bitcoin was below $100 and are becoming reminiscent of people walking the streets with 'the end is nigh' placards.  In between are those who are merely dabbling, those who are reluctant but feel compelled to be involved, to those who quite frankly seem to like the adrenaline rush.

Stabilising Bitcoin

Thursday, 04 January 2018 12:04 Bitcoin News

Bitcoin billionaires may have just found a way out

There was one trade this week that could go a long way toward stabilising the market for the cryptocurrency.

Bitcoin did a lot of growing up in 2017, but there was one trade this week that could go a long way toward stabilising the market for the cryptocurrency and further establish its credibility in mainstream finance.

Peter Thiel invests in bitcoin

Wednesday, 03 January 2018 11:39 Bitcoin News

Peter Thiel places big bet on bitcoin

 

Founders Fund, the venture capital fund started by famed Silicon Valley investor and entrepreneur Peter Thiel, is holding "hundreds of millions of dollars" in bitcoin, the Wall Street Journal reported.

Soft start for Bitcoin in 2018

Tuesday, 02 January 2018 11:43 Bitcoin News

Latest Bitcoin Price: Bitcoin Hovers Around $13,500 In Soft Start To 2018

Bitcoin hit a record high of around $20,000 in mid-December, before witnessing one of its biggest selloffs since 2013.

Reason for Bitcoin value fall

Friday, 22 December 2017 08:29 Bitcoin News

First of all, no one knows for sure. But here are a few reasons at play:

  • Supply: Roughly every 10 mins, 25 new BTC are issued ("block reward"). At ~$230 per BTC, that's ~$830K new BTC a day (25 x 6 x 24 x 230). As many miners sell most of the block reward to recoup the cost of mining, for bitcoin's price to remain constant, these new BTC have to be absorbed (=bought) by market participants.

  • Demand: While the number of transactions are trending upwards (see Bitcoin Number of Transactions excluding Popular Addresses), it seems that there is not as much new interest in investing into bitcoin at the moment. Interest has stabilized, but may not be outstripping demand. Google Trends - Web Search interest - Worldwide, 2004 - present

  • Risk: In addition to the price risk from the fluctuating exchange rate, there is currently a very heated debate about the bitcoin 'software' with competing proposals on how to scale bitcoin in order to facilitate more transactions (BitcoinXT, BIP10x). Without going too much into detail, the discussion questions some of the core principles of bitcoin. (high-level overview: Brief thoughts on the Bitcoin block size debate)

South Korea Regulation

Friday, 15 December 2017 12:04 Bitcoin News

South Korea‚Äôs government released emergency measures for cryptocurrency regulation on Thursday. Bitcoin exchanges will now be regulated. Among other measures, there will be a ban on banks, minors, and foreigners trading cryptocurrency as well as a clampdown on virtual bank accounts needed to trade cryptocurrencies in Korea.