Who is Buying Bitcoin?

The Bitcoin price and value continue to rise and this week has seen Bitcoin drive past the $5000 level, a new all time high. Interesting to note that Japan leads the current 24-hour ranking. #1 Japanese Yen – 54.54% #2 U.S. Dollar – 26.64% #3 Chinese Yuan – 8.23% #4 South Korean Won – 6.11% #5 Euro – 3.01%   In 2016, reporting showed that most of the trading was coming from China, however, since the People’s Bank of China imposed strict regulations on the crypto exchanges in the country, the percentage…

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Bitcoin News 17 July 2017 – Bitcoin, Ethereum Volatility after Price Drop Shock

Bitcoin news today – Top story must be the sudden drop of the cryptocurrency market in the past week that has sent shockwaves through the market. The Bitcoin exchange GDAX, plans to suspend Bitcoin Withdrawals If UASF Activates – this is a warning not to keep your Bitcoins in an online wallet.       The upcoming scaling of Bitcoin, implementation of SEGWIT2X, is still creating much concern and as a result, causing the markets to react negatively. Interesting to note that this downward trend also affected most of the…

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Bitcoin Price Predictions 2017 and Beyond – Anyone got it Right?

At the end of 2016 when the Bitcoin price was under $1000, a number of Bitcoin enthusiasts took a stab at what the price would be in 2017 and beyond. Predicting prices in the short term is very difficult, and, the first six months of 2017 has been an incredible ride few could have predicted.  Long term there is a very bullish outlook for Bitcoin value and price as fundamentals get stronger.   Watch this short explainer video to see who got the prediction right so far:-     The…

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Bitcoin Believers Gobble up Satoshi’s White Paper

Many have been watching Bitcoin grow in value over the past few years, and in particular, over the past year or so. More investors are being drawn to Bitcoin due to Geo-Political risk, failing economies and traditional investments which create fear and uncertainty.  The high Return on Investment (ROI), strong fundamentals and a bullish outlook for the future of Bitcoin and blockchain technology is very appealing.   During the Global financial crisis of 2007–2008,  which is considered by many economists to have been the worst financial crisis since the Great Depression…

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Bitcoin News: How $1000 Gift turns Teenager into Bitcoin Millionaire

Just six years ago in 2011, a teenager from Idaho in the USA, decided to invest in Bitcoin when the value was just $12 per coin.  He received a monetary gift from his grandmother and a hot tip from his brother to buy Bitcoin which prompted him to invest in cryptocurrency.   Erik Finman sold his first Bitcoin investments at the end of 2013, at $1,200 per coin, and launched an online education company called Botangle in 2014 with the proceeds.  Botangle connected frustrated students like him to find teachers on video chat.…

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Mainstream Media, Influencing Bitcoin Price and Adoption

Mainstream Media is getting behind Bitcoin in a big way – daily reporting by Media giants such at Bloomberg, Reuters, CNBC and BBC.  Mainstream Media adoption plays a significant role to introduce Bitcoin and cryptocurrency to the greater community, whether the news is sensationalist, good or bad.  The more consumers see information forthcoming from these media giants, the more Bitcoin adoption will grow.   The good news is that the core proposition of Bitcoin is… Democratization of the financial system Financial Independence Freedom from banks and government   But, it…

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Bitcoin News 22 June 2017 – SegWit2x, Blockchain and ICO’s in the spotlight

Bitcoin News Today – Bitcoin price looks strong while consolidating above the $2500 mark – Ethereum dipped under $350 after a very bullish run. Prices cannot constantly go up so consolidation of the price is good.     News Headlines:   South Korean Firm Pays $1 Million in Bitcoin Ransom to Regain Data Status.im ICO Raises Over $270 Million in Under 3 Hours ‘CHICKEN GAME’: reality comes home to roost for UASF supporters Crypviser – protect your financial conversations As a Bitcoin Believer you will want a copy of the…

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Bitcoin News 14 June 2017 – Ethereum Value Proposition Booming

Bitcoin Today – the Bitcoin price, as well as the Ethereum price, are doing a sideways shuffle while 24-hour trading volume between the two is reported close.  Ethereum value proposition is booming as governments, central banks, businesses and influx of ICO’s is apparent.     Other news headlines:-   PwC Principal: Cryptocurrencies Could Power New Economy Morgan Stanley Says Bitcoin Needs Regulation to Keep Rising “Due To Popular Demand” Goldman Starts Covering Bitcoin Bitcoin Exchange Coinbase Suffers ‘Major Outage’ Amid Trading Frenzy Battle of the Giants – Bitcoin vs Ethereum…

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Consumers Driving Bitcoin Price

New Consumers are joining the Digital Cryptocurrency market daily – what are the reasons why Consumers are adopting Bitcoin so readily? Here are some of the reasons:-   As a Payment System – Bitcoin is sent across the Internet quickly and cheaply without the need for costly 3rd parties As a Speculator – short term trading as a revenue stream As a long term Investment – Bitcoin, a store of value, is on an upward trend with long-term fundamentals strong Using bitcoin as a natural hedge for local Fiat Currency  …

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