Bitcoin4RegularFolks

15 DEC 2017   share   share   share   share  share Where to from here Bitcoin? Crypto enthusiasts have probably been anticipating Bitcoin’s global interest and eventual adoption for some time now, and 2017 seems to be the year for that to happen. January saw the currency trading at $1k, while the last two weeks saw it jump from $10k to $14k to $18k.  Some exchanges even reported Bitcoin’s price breaking through the $20k barrier.  Its market cap of over $300 billion last week even surpassed that of Visa. There are a few reasons for these phenomenal increases, one of them being an increase of buyers desperate to purchase their own Bitcoin in the hope that the currency will grow even more in the future.  However, these price surges have paved the way for more bubble talk, and not just from cynics either. Even though the currency has been presumed to be the preferred medium of exchange on the black market in the past, its cur...

13 DEC 2017   share   share   share   share  share Bitcoin’s price surges cause havoc with exchanges Bitcoin enthusiasts were over the moon when their favorite virtual currency topped the scales at first $14k, then $16k and then $18k.  Some platforms even had the crypto surpassing the $20k mark. However, these phenomenal surges caused some major exchanges a few headaches as it resulted in site outages.  Bitfinex had to deal with a denial-of-service attack, while Coinbase has a “minor service outage”.  Gemini also had their fair share of issues, one of them not being able to process Bitcoin deposits. However, a Coinbase representative said that a 20% price increase within a couple of hours is quite common when it comes to crypto. This is just a bit of a bump in the road on Bitcoin’s journey to world domination.  The currency has grown by over 1000% this year alone, starting 2017 off at just $1k. Now might not be the...

HOME BITCOIN NEWS  BCC EXCHANGE BCC LENDING BITCOIN GUIDE FAQS Select Language ​ ▼ Bitcoin News Bitcoin Adoption in the Luxury Market is Growing at a Rapid Pace 20 NOV 2017   share   share   share   share  share Bitcoin Adoption in the Luxury Market is Growing at a Rapid Pace According to Dr. Garrick Hileman, an economic historian at the University of Cambridge and the London School of Economics, the popularity of Bitcoin in the luxury market as a payment method is increasing at a rapid rate, due to the inefficiencies and high fees of traditional banking systems. The vast majority of items in the luxury market that include paintings, antiques, and rare collections are priced at tens of thousands of dollars in minimum. Last week, the art industry observed the $450 million sale of an original Da Vinci painting and most of the works presented by Christie’s were priced in the range of $1 million to...

Thursday, 07 Dec 2017 08:53 PM Short URL | Email Article | Comment | Contact | Print |      A     A Tweet 0 in Share Billionaire investor Mike Novogratz said that bitcoin has more room to soar even though this month’s more-than-50 percent surge in the digital currency exhibits all the signs of a market peak. "This feels like what a speculative top feels like," Novogratz, chief executive officer of Galaxy Investment Partners, said in a Thursday interview in Toronto after speaking at a conference hosted by GMP Capital Inc. “The only reason I’m not sure -- and it might be the top for a short period of time -- is that it’s a big world, and the market cap isn’t nearly big enough for it to be the top of the whole system." Novogratz said he sold some bitcoin in the morning and tried later, but couldn’t because of problems executing his trades. Despite the feeli...