A lot of libertarians and contrarian investors who are staunch critics of bitcoin make a few points: bitcoin has no intrinsic value, no one can physically own a bitcoin and the government and major financial institutions will clamp down on the digital currency in the near … [Read more...]
Bitcoin bubble or new all time high with malleability resolution – you be the judge
Bitcoin (BTC) has undergone a tumultuous two weeks after a few cryptocurrency exchanges reported technical malfunctions, particularly Mt. Gox. The value of bitcoin has fallen to as low $102 following a flash crash and has since steadily stayed between $600 and $650 per one bitcoin. … [Read more...]
Is Bitcoin the technology of the future? “Over the next 5 years I think digital money will catch on”, Bill Gates
After the weekend’s 20 percent plunge and Monday’s flash crash, columnists and pundits discussed the idea that this is the end of bitcoin (BTC) and the cryptocurrency market. Bitcoiners scoffed at the notion because it’s a four-year-old currency and electronic payment system and there … [Read more...]
“The Bitcoaster We’ve Grown to Love and Hate”, A Bitcoin Story
Is Bitcoin's (BTC) nosedive a case of ‘been there, done that’? The Bitcoaster we've grown to love and hate. 2013 was a bit of a rollercoaster for bitcoin. It started off the year worth only a few bucks before skyrocketing to more than $1,000 towards the end of the year. Over the … [Read more...]
