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  • Expression
    6 years ago
    by darvinhg
    +18 +1

    I’ve simulated the bitcoin price for the whole 2018. You won’t believe the result!

    Now that you’re here after that clickbaity headline, let’s play a little with some numbers. Here I’m doing a simple Monte Carlo simulation on the daily returns of the USD bitcoin price to try to know what will be its most likely price by the end of 2018. You can see the whole code used to create this in my GitHub. Note that this is just for fun and there may be flaws in this approach.

  • Current Event
    6 years ago
    by robmonk
    +21 +1

    Why Canada is poised to become a prime destination for Bitcoin mining

    It won't be long before cryptocurrency mining operations want to set up shop in the true north strong and free — if they haven't already.

  • Current Event
    6 years ago
    by geoleo
    +21 +1

    Now is the best time to invest in bitcoin, says digital currency hedge-fund manager

    Market watchers should invest in bitcoin now that prices are down, says BK Capital Management founder Brian Kelly. "Now, when everyone is saying ... it's over, that's it, bitcoin is dead, for the 175th time. Now's the time you start looking at it, on the buy side," Kelly, portfolio manager of the BKCM Digital Asset Fund, told CNBC on Tuesday.

  • Current Event
    6 years ago
    by junglman
    0 +1

    50 Cent: 'I Forgot' Taking 700 Bitcoins For 2014 Album; Stake Is Now Worth Millions

    When 50 Cent agreed to accept bitcoin for purchases of his 2014 album, Animal Ambition, a unit of the cryptocurrency was already worth hundreds of dollars — but the value of those sales has since skyrocketed and the rapper's bitcoin holding is now reportedly worth more than $7.5 million. "Not Bad for a kid from South Side, I'm so proud of me," 50 Cent wrote in an Instagram post citing TMZ's story about his unexpected windfall. Alongside emojis of a sack of money and a person holding up their hands in a "What?" pose, he added, "LOL."

  • Current Event
    6 years ago
    by aj0690
    +2 +1

    Nasdaq CEO: our Bitcoin futures will be different

    Rumors that Nasdaq is investigating the possibility of Bitcoin futures have been confirmed by none other than the CEO himself. Speaking to CNBC, Adena Friedman said that that the exchange is assessing all the risks. She added, that, if implemented, Nasdaq futures will be different than offers from CBOE and CME. The two exchanges started offering futures contracts on 10th and 18th December 2017, respectively. Earlier reports indicated that the Nasdaq may roll out bitcoin futures as early as the second quarter of 2018.

  • Current Event
    6 years ago
    by zobo
    +20 +1

    How bitcoin investors bypassed China’s restrictions

    Chinese citizens are still investing in Bitcoin and the cryptocurrency market despite the government’s heavy crackdown. In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigation into local cryptocurrency exchanges.

  • Analysis
    6 years ago
    by capoti
    +8 +1

    Cryptocurrency Scammers Are Running Wild On Telegram

    Messaging app Telegram started out as a WhatsApp alternative, but it's fast becoming a petri dish for cryptocurrency get-rich-quick schemes, propped up by dubious trading bots and bogus celebrity endorsements from Christopher Walken and Dwayne “The Rock” Johnson. That may be a problem as it heads toward a possible billion-dollar initial coin offering.

  • Expression
    6 years ago
    by Nelson
    +34 +1

    Bubble, Bubble, Fraud and Trouble

    It’s a mania! It’s a cult! It’s Bitcoin!

  • Current Event
    6 years ago
    by rexall
    +23 +1

    No, India Won't Ban Bitcoin and Will Embrace Blockchain Technology

    The Indian government talks a big talk when putting down Bitcoin and other cryptocurrencies, but such actions has done little to curb their popularity. In his annual budget speech today, Union Finance Minister Arun Jaitley once again made clear the government’s intention to halt the use of Bitcoin and other cryptocurrencies in India, claiming the South Asian country does not recognize digital currency as legal tender. He states:

  • Current Event
    6 years ago
    by hiihii
    +21 +1

    3 Reasons to Invest in Bitcoin and 3 Reasons to Stay Away

    Bitcoin’s value has increased four-fold since the spring — and you thought the DOW stock market surge was big news. Is now the time to invest your money in Bitcoin? Here’s why you should and why you shouldn’t.

  • Current Event
    6 years ago
    by ticktack
    +20 +1

    Wall St. may have the green light for bitcoin

    The technicals on bitcoin appear to be shifting slightly after a brutal January. “If you see the trend line over the first month, a 40% correction was baked in,” said one hedge fund analyst. “We’ll need to see if February provides a dead-cat bounce or a floor for the price,” he added.

  • Current Event
    6 years ago
    by drunkenninja
    +30 +1

    Bitcoin Fell Off a Cliff and No One Knows How Far It Is to the Bottom 

    All good things must come to an end—and bad things, too. Bitcoin has had a hell of a ride over the last year, but that all seems to be over as almost 60 percent of its value has vanished in the last month. Enthusiasm in the cryptocurrency market is low as Bitcoin dropped below $8,000 for the first time since November.

  • Current Event
    6 years ago
    by ticktack
    +20 +1

    Bitcoin is bottoming, expect a 70 percent surge: Trader

    Bill Baruch, president of Blue Line Futures, explains why he is buying the recent bitcoin sell-off.

  • Current Event
    6 years ago
    by jedlicka
    +11 +1

    "Past sell-offs were followed by rallies of ~150 percent within 84 days”: Tom Lee remains Bullish on Bitcoin

    Many proponents of cryptocurrencies have often been bummed out about the general lack of interest among key U.S. stock market strategists to issue bitcoin price targets. However, the only major strategist from Wall Street who does it regularly seems to have continued betting on the most valued virtual currency in the world (by market cap). In his third such report since bitcoin’s downfall from a mid-December peak, Fundstrat’s Tom Lee has reasserted his optimistic outlook about the fate of the coin. If the name doesn’t ring a bell, Lee was J.P. Morgan’s top equity strategist before he co-founded Fundstrat Global Advisors back in 2014.

  • Current Event
    6 years ago
    by everlost
    +17 +1

    Novogratz Raises $250 Million for Crypto Merchant Bank

    Mike Novogratz, the former Wall Street macro trader, raised about $250 million for his cryptocurrency merchant bank during one of the biggest routs yet in Bitcoin, according to a person familiar with the deal. Terry Gou, the billionaire chief executive officer of China’s Foxconn, is among the investors in the private placement, said the person, who asked not to be identified because the transaction isn’t public. Investors committed to buy shares of Novogratz’s firm, Galaxy Digital LP, through a holding company that eventually will trade on Toronto’s TSX Venture Exchange, according to the person.

  • Current Event
    6 years ago
    by dianep
    +11 +1

    Winklevoss Twins Say Bitcoin Will Hit $320,000 and Non-Believers Suffer a 'Failure of Imagination'

    Bitcoin may have had a rocky last couple months, to put it mildly, but some boosters still have their optimism goggles on. Case in point: the Winklevii. Tyler and Cameron Winklevoss, the erstwhile Facebook power-scrabblers who made and lost a fortune with Bitcoin’s rise and fall, are insisting that the cryptocurrency will appreciate 40 times in value.

  • Current Event
    6 years ago
    by ubthejudge
    +10 +1

    Millennials Love Bitcoin And Hate Stocks

    Financial pundits the world over, more comfortable in dealing in tangible commodities and assets, have described the cryptocurrency scene as too volatile to risk long-term investment. Whether you agree with them or not, it’s hard not to see why they should reach such a conclusion. Almost all of the large financial and commercial institutions have taken a pass when it comes to utilising Bitcoin or its competitors in anything but the most experimental test markets. So much so that when Banco Santander recently announced its roll-out of an altcoin powered money transfer application, it was big news.

  • Current Event
    6 years ago
    by drunkenninja
    +19 +1

    Global markets are plunging. But bitcoin isn't

    The price of bitcoin and other cryptocurrencies is mostly remaining stable, despite major moves in the broader financial markets. Bitcoin doesn't always track the global markets, and can be sent both up and down by developments in the broader financial industry. But any period of stability in cryptocurrency is remarkable, let alone one amid a dramatic correction in the global stock and debt markets.

  • Current Event
    6 years ago
    by TNY
    +21 +1

    Winklevoss Twins: 2018 Looks To Be Another Year Of Bitcoin

    As many of you know, Bitcoin doesn’t just go for some pocket change. However, according to Cameron Winklevoss, who is a cryptocurrency billionaire, Bitcoin has the potential to grow 40 times its current value. That would be around $340,000. In an interview with CNBC, Winklevoss said the following...

  • Current Event
    6 years ago
    by wildcard
    +13 +1

    Has Bitcoin Found the Bottom Amid the Current Market Turmoil?

    The Winklevoss brothers may be the most relaxed and reassuring faces of bitcoin right now, but their confidence might also be rewarded sooner rather than later. Bitcoin has fallen over a period of turbulent months, from a high of almost $20,000 to its current price of $8,295 at the time of writing.