TagBitcoin Value

Bitcoin Price Will Tank to 'Zero', Claims Investment Firm Chief at Davos

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Bitcoin price

By CCN.com: Heated debates are warming up the icy snow-capped city of Davos during this year’s World Economic Forum. BOE senior adviser yesterday said that cryptocurrencies were worthless. Today, BCG Digital Ventures founder Jeff Schumacher said Bitcoin price will fall to zero. Schumacher is a top investor and relative veteran in the space. He told an open-mouthed CNBC panel that he believed...

Portuguese Consumer Organization Highlights Bitcoin Investing Couple

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Portuguese consumer protection organization DECO recently published an article about bitcoin in one of its monthly magazines, dubbed “Dinheiro & Direitos.” It essentially covers the basics and adds that more information is to come by the end of July. According to the publication, back in 2015 a Portuguese couple, aged 41 and 42, knew nothing about digital assets or cryptocurrencies. After one...

Determining the Value of Bitcoin

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Phone and Bitcoin

Anyone who has long been involved with the cryptocurrency community will probably remember Bitcoin’s early days. Yes, those days when you had to spend 10,000 bitcoins to get one pizza. It is true that save for the prescient few, most of us despised the days of small beginnings till around November 2013 when Bitcoin’s value breached the US$ 1,000 mark for the first time. Since then, Bitcoin has...

Western Union Exec: Bitcoin Doesn't Add Value

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Western Union Chief Information Officer John “David” Thompson was interviewed by Coindesk this week and made some very revealing comments about Bitcoin, and its future in global monetary transfer. Many know Western Union as the world's largest personal monetary transfer corporation, founded way back in 1851. Operating in 220 countries worldwide, it generated almost $800M last year in net income...

Why 2016 Will Be The Year of Bitcoin 2.0

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There are many reasons for optimism for Bitcoin owners and enthusiasts. Bitcoin is starting to gain a steady flow of mainstream acceptance (See corporations like The United Way, Dell Computers and ESPN integrating Bitcoin into their business offerings). Innovations in wallet and exchange technology appear on a weekly basis. And the USD value of Bitcoin has rebounded numerous times from the annual...

Why Bitcoin Value vs. The Dollar Doesn't Matter (and Never Will)

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Today I will extend to you three key reasons why the Bitcoin value versus the "Almighty Dollar" is of little significance, and may be totally irrelevant both now, and in the future. One reason can be from distilled from lessons learned in our history of decentralized networks versus other centralized networks. One can be realized through the present day landscape, and one looks into the future of...

What Determines the Value of Bitcoin?

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Bitcoin's value is a perceived regard for its benefits and usefulness. The term value, as used here, is not to be confused with price, which is the monetary cost of a bitcoin. The usefulness and consequent value of Bitcoin is a result of many aspects of its innovation, its network, and its features. This guide discusses the most important factors that lead its users to consider Bitcoin to be...

Bitcoin Price Goes Down? Good!

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Everyone and his dog are worried about the ongoing decline in the value of Bitcoin, but I am here to tell you that 1) This is good, and 2) The trend will eventually reverse. There are punctual events that tend to drive the value of Bitcoin down, and perhaps today's Alibaba IPO is one. But I think there may be a structural reason the value of Bitcoin must go down at this moment...

Bitcoin Value Exhibits Volatility, Like Other Currencies

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The Bitcoin price, or to be more precise, the value of Bitcoin in relation to a particular fiat currency, has recently been falling. This may not necessarily be a bad thing. For too long, the ability of Bitcoin to function as a currency, has been somewhat restricted by tales of its success as an investment. The currency has, until recently, been a victim of its own success. Investors had been...

Why has Bitcoin value become Stagnant?

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Bitcoin opened July with a value of circa $640 and by the end of the month it settled at just under $590. During the month of July several events occurred that should have had an effect on the value of, what is recognized as, a volatile commodity (all currencies can be thought of as commodities in economics). During the month of July the proposed New York regulations for traders that accept...

Bitcoin's Conundrum: Rewarding hoarders and punishing users

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There are, theoretically, almost 13 million bitcoins in existence. Of this figure, I am going to assume that at least 2 million bitcoins have been lost. I believe this is a conservative figure, many more may be buried in long forgotten hard drives and Mt. Gox has accounted for a few, if Mark Karpeles is to believed. So that leaves us with 11 millions. Now, we don't need all of those 11 millions...

Bitcoin Chart Analysis - Market at a Critical Juncture

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Bitcoin Chart Analysis reveals that the market is at a critical juncture with regards to trend. Weekend trade wound sideways in a narrow range, but all the time approaching the long-term rising trendline that has supported price on three occasions during the past ten weeks. With the Silk Road wallet auction passing as just another day in the Bitcoin diary, and having failed to produce the fever...

Predicting Bitcoin Value: Is a value of $50,000 realistic?

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World Bitcoin Network has just released a new Bitcoin Value Model. Let me begin by stating that this is a model, and no model can accurately state how much any currency is going to be worth at a point in the future. What the model can do, however, is show us how price is determined and the factors that determine it and the model can also allow us to factor in variables and view their effect.  In...

Four Charts That Suggest Bitcoin Value Could Be At 10,000 USD Next Year

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Has the Bitcoin Value bubble burst? Looking at the most recent prices, we seem readier for a gentle nosedive than a new rollercoaster ride to the top. Many altcoins are heading down too: Litecoin, Peercoin and your beloved Dogecoin are all in a steady slide to the drain of the cryptocurrency world. But looking at the charts below, many would argue that Bitcoin is up for a new rise to 10,000 USD...

U.S. Marshal Auction Speculated to Affect Bitcoin Value

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Ever since the dawn of digital currency, value has heavily relied on the headlines. Is there good news in the papers? Great, it sounds like a good time to buy and raise the price. Did something horrific happen suddenly? Sell, sell, sell and get out of the market before the value crashes into oblivion. The “death of Bitcoin” is surely to be upon us soon! It can be proven time and time again...

Bitcoin: The Pheonix Rises

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(1) Bitcoin was worth $1135 at the end of 2013. (2) Bitcoin value has been in free fall since Christmas. These two facts are often quoted, and although both are largely, technically, true, the majority of people quoting them fail to place the statements in the correct context. Bitcoin is on the rise and everyone in our little community seems to be shouting: "I told you so!" The naysayers are...

Bitcoin: Reality now shown in value

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Bitcoin was trading at $1,000 at the beginning of December 2013; It dropped below $400 on last Thursday.  The pessimists are telling us that Bitcoin has dropped by 62% in four and a half months, but realists are telling us that the value went from $93 in April 2013 to $398 in April this year, a 428% increase. When Bitcoin was trading at 1K the people buying it were investors, rather than...

Evolve or Die – Bitcoin Forces Society to Wise Up

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One of the primary reasons mainstream society has not yet bought into Bitcoin is that it’s not easy.  As a decentralized resource, there’s no 24 hour helpline to sort out your issue when things get sticky. There’s no one company that offers the best solution, no fool proof way keep your funds completely secure. And when your wallet seems to have magically emptied itself, there’s no police station...

Bitcoin value: A conduit for change

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During the year 2006, complex derivatives that held units secured on American sub-prime property, began to drop in value on rumors of instability; by 2008, the World was well into a major monetary meltdown. People lost in volatile derivatives, in equities as well as in property; confidence in fiat currencies also fell as banks and investments collapsed. Financial shares took the greatest...