Update: Cryptocurrencies are widely bid tonight with Bitcoin over $10,150, Ether holding $475, and LiteCoin topping $100 for the first time… LiteCoin Price in USD, Mar - Nov 2017(see more posts on Litecoin, ) - Click to enlarge Bitcoin has now soared over 20% since Black Friday’s close, topping $10,000 for the first time in history (rising from $9,000 in just 2 days)… now up over 950% year-to-date. image courtesy...
Read More »Frustrated Investors File Lawsuits Against World’s Largest ICO
Here's the latest sign that the massively fraudulent ICO market is headed for a collapse. Tezos’s investors are still waiting to learn when they can expect to receive the digital tokens that they paid a premium for during the company’s record-setting crowdsale. But as reports of abuse, internal strife and outright embezzlement have surfaced in the press, three groups of angry investors have filed class action lawsuits accusing the company of fraud and securities violations. In...
Read More »Cool Video: Short Take on Bitcoins
- Click to enlarge I stopped by Bloomberg near midday to talk with Vonnie Quinn and Shery Ahn. We talked about many macro issues, but this clip that Bloomberg provided covers is the one topic that has overshadowed the big rally in US equities, tax reform and Matt Lauer: Bitcoins. In this two minute clip, I mention that despite Bitcoins capturing the headlines, most Americans are not and cannot be involved....
Read More »My Crazy $17,000 Target for Bitcoin Is Looking Less Crazy
The basis of this admittedly crazy forecast was simple: capital flows. I think we can all agree that bitcoin (BTC) is “interesting.” One of the primary reason that bitcoin (and cryptocurrency in general) is interesting is that nobody knows what will happen going forward. Unknowns and big swings up and down are characteristics of open markets.It’s impossible to forecast bitcoin’s future price because virtually all the...
Read More »Bitcoin – Die Tulpenknolle des Computerzeitalters
Von 10 auf 100 auf 1’000 auf 10’000 Dollar. Das ist die Kursentwicklung von Bitcoins in den wenigen Jahren seit ihrem Bestehen bis gestern früh. Der Vergleich mit der Tulpenmanie in der Hochblüte Hollands ist nicht mehr fern. Der Preis einer kostbaren Tulpenzwiebel stieg im 17. Jahrhundert in Holland auf das über 60-fache eines durchschnittlichen damaligen Jahressalärs. So gesehen könnte ein Bitcoin aus Schweizer Sicht...
Read More »Bitcoin Facts
A Useful Infographic When we last wrote more extensively about Bitcoin (see Parabolic Coin – evidently, it has become a lot more “parabolic” since then), we said we would soon return to the subject of Bitcoin and monetary theory in these pages. This long planned article was delayed for a number of reasons, one of which was that we realized that Keith Weiner’s series on the topic would give us a good opportunity to...
Read More »Cool Video: Bitcoin Discussion on Bloomberg
- Click to enlarge I had to be on Bloomberg’s Day Break with David Westin and Alix Steel earlier today. We talked about the collapse of talks to put together a new coalition following the results of the September election. I suggested that the initial reaction was exaggerated, negotiations will likely resume in some fashion, and speculation of Merkel’s demise are premature. We also discussed Brexit. I opined that...
Read More »New Gold-Backed Debit Card Launched In Partnership With MasterCard
In recent years, there has been a major debate about the respective merits of gold versus Bitcoin, even though many, not all, gold bulls are also supporters of the latter. Gold advocates generally view favourably Bitcoin’s inherent characteristics of decentralisation, finite supply and ability to operate (so far) outside of the usual interference by western central banks. Having said that, the launch of Bitcoin futures...
Read More »Mysterious Bitcoin Dip-Buyer Identified
Amid the cataclymsic collapse of Bitcoin late on Friday night, the crypto currency suddenly saw a large buyer step in as prices plummeted below $6000. We now have an idea who that buyer of last resort was... As a result of a giant publicity effort from its proponents, BCH saw mass investment as it heads towards a potentially contentious hard fork set for just after 7 p.m. GMT today. The failure of SegWit2x, coupled with endorsement from the soon-to-be-defunct Bitcoin...
Read More »Bitcoin: Eine Blase, wie sie im Lehrbuch steht
Das Angebot hält mit der Nachfrage nicht mit: Ein chinesischer Bitcoin-Miner untersucht einen defekten Rechner. Foto: Liu Xingzhe (Keystone) Beginnen wir mit vier Fragen: Verfolgen Sie die Preisentwicklung von Bitcoin? Kennen Sie jemanden, der mit Bitcoin in den letzten Monaten viel Geld verdient hat? Ärgern Sie sich, dass Sie nicht schon früher Bitcoin gekauft haben? Überlegen Sie sich, jetzt Bitcoin zu kaufen, weil Sie denken, dass der Preis noch viel weiter steigen wird und Sie den...
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