BitCoin and Cryptocurrencies - Will they fail? My 3 Predictions!

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Bitcoin Proves The Libertarian Idea Of Paradise Would Be Hell On ... San Francisco Chronicle They love that Bitcoin isn't taxed, so you can hide your income from the government if you want to. They love the way its value reflects pure supply and demand, ...
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[TD="colspan: 2"] The future of Bitcoin: super currency or super fad? USA TODAY LAS VEGAS - Entrepreneurs flush with newly valuable Bitcoins are creating new products designed to simplify the technology ?and spread Bitcoin mania into ...
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[TD="colspan: 2"] Can Bitcoin replace PayPal? CNN (CNN) -- When Bitcoin's architect first unleashed the idea of creating a decentralized virtual currency on the internet, the tech-savvy elite sat up and listened.
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[TD] Bitcoin should not be seen as a currency, warns Ernst & Young The Guardian Bitcoin does not need to replace normal currency in order to have a future, according to an expert on digital currencies from professional services firm Ernst ...
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[TD="colspan: 2"] Bitcoin's Publicity-Minded Proponents Could Be Its Savior Equities.com Bitcoin proponents tend to forget that a currency that is too volatile is not much use as a currency. It has use as a speculative vehicle for amateur forex players, ...
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[TD] Bitcoin Mining Reaches New Level With $2000-a-Day Neptune Rig International Business Times UK Billed as the ideal Christmas present for the bitcoin user in your life, the Neptune mining rig claims to produce 2.1 coins per day - meaning you'll have $2,000 ...
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[TD="colspan: 2"] Acton Institute accepting Bitcoin digital currency for donations, tuition ... The Grand Rapids Press - MLive.com David Lohmeyer, Web Coordinator for the Acton Institute, said Bitcoin is becoming more accepted as an international currency despite its lack of ties to a central ...
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[TD="colspan: 2"] Is Bitcoin Turning Into Gold? Motley Fool The staggering rise of Bitcoin to over $1,000 has raised the debate over this four-year-old virtual currency. Some compare it to PayPal, a global online money ...
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[TD="colspan: 2"] Bitcoin: The New Gold? CountingPips Bitcoin The New Gold Back in March, a Canadian man listed his house for sale in exchange for Bitcoins—5,362 of them. At the time, the digital currency was ...
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[TD] Bitcoin: The New Gold? The Economic Voice Back in March, a Canadian man listed his house for sale in exchange for Bitcoins—5,362 of them. At the time, the digital currency was exchanging hands at ...
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TechCrunch

[TD="colspan: 2"] Fred Wilson On Bitcoin, Unbundling, Data Leakage And Health Care ... Frederic Lardinois During the 10th edition of the LeWeb conference in Paris today, New York-based investor Fred Wilson described the three "mega trends" that currently influence. [TABLE="width: 100%"]
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[TD="colspan: 2"] A Huge Chinese Bitcoin Arbitrage Has Disappeared - Business Insider Gabriel Wildau, Reuters The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of ...
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[TD="colspan: 2"] Bitcoin Is The Ultimate Fiat Currency [SPDR Gold Trust (ETF ... Sean Weston Winklevoss Bitcoin Trust ETF (), SPDR Gold Trust (ETF) (NYSEARCA:GLD), iShares Silver Trust (ETF) (NYSEARCA:SLV): Bitcoin Is The Ultimate Fiat Currency.
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[TD="colspan: 2"] Following Bitcoin Believers is still an act of faith | Digital Trends Andrew Couts When you dig beneath the surface, Bitcoin really does have the potential to be a game-changing revolution that changes the way we see money forever.
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[TD="colspan: 2"] PayPal president on Bitcoin: 'I don't think it is a currency' - VentureBeat Meghan Kelly Marcus spoke at LeWeb in Paris today saying that until Bitcoin is regulated and more stable, it is not a currency. As it stands, Bitcoin is more of an asset, one that ...
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[TD="colspan: 2"] Korean Regulators Reject Bitcoin as a Legitimate Currency Jon Russell Korea has become the latest country in Asia to reject Bitcoin and other virtual currencies as legitimate forms of currency.
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[TD="colspan: 2"] Bitcoin Just Rocketed past $1,000 Again - Business Insider Joe Weisenthal More. Share on Tumblr. This past weekend Bitcoin crashed and fell below $600. Today? It's rocketed past $1,000 again. From Clark Moody: bitcoinjustracketed.
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[TD="colspan: 2"] EconomicPolicyJournal.com: Gary North Destroys Bitcoin Robert Wenzel The only thing I would add is that some Bitcoin proponents argue that Bitcoin is better for retailers because there is no fee involved with transactions.
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[TD="colspan: 2"] Why Is Apple So Sour About Bitcoin? - Wall St. Cheat Sheet Emily Coyle Gliph's Rob Banagale explains the reasoning behind Apple's refusal to host Bitcoin-supporting apps in its App Store.
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[TD="colspan: 2"] "It's Libertarian So It's Bad" Argument Against Bitcoin - Reason.com Brian Doherty A very silly piece from the Business Insider is making the rounds this morning for those who wish to stand athwart the digital future sneering "but it's.
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www.washingtonpost.com/.../this-finance-expert-thinks-bitcoi...

[TD="colspan: 2"] This finance expert thinks Bitcoin will fall 99 percent by June In recent weeks, some Bitcoin critics have been rethinking their initial Bitcoin skepticism. But others are as convinced as ever that the cryptocurrency is doomed. [TABLE="width: 100%"]
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[TD="colspan: 2"] Want to Accept Bitcoins? What You Need to Know | Inc.com If news reports are any indication, it's boom times for Bitcoin. Before you jump on the bandwagon, make sure you understand how the cryptocurrency works.
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[TD="colspan: 2"] China bitcoin arbitrage ends as punters work around capital controls ... From Yahoo News: By Gabriel Wildau SHANGHAI (Reuters) - The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has ...
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[TD="colspan: 2"] Don't fight it. Bitcoin has a bright future - Dec. 10, 2013 - CNN Money Bitcoin has a bright future, say tech gurus, executives and investors who predict the digital currency will grow in power and importance in the coming years.
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[TD="colspan: 2"] JPMorgan Files Patent Application On 'Bitcoin Killer' - Slashdot Velcroman1 writes "Banking giant JPMorgan Chase has filed a patent application for an electronic commerce system that sounds remarkably like Bitcoin — but ...
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[TD="colspan: 2"] I Will Answer All Your Questions About Bitcoins Right Now — Bitcoin ... At this point you have probably heard about Bitcoins. People are getting rich left and right, it's going to change the w...
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Going to get into the game today. Not sure if I will get bitcoin but Ill get litecoins for sure. Putting around $1000, wish me good luck. It isnt only about making money, I believe on this shit.
 
Instead of being focused on BitCoin crash,why don't mine some now and make some money??


Bitcoin is in a bull market right now,and i don't know a single finincial instrument in the world that goes in straight line up/down.Alla the markets will make pullbacks,corrections before continuing either up or down.BitCoin will test 1200 level at least once more,from there it may go higher or reverse again but nonoe knows.


Gold was 1800 in 2012 and now is at 1200,do you think gold is crashed or smart money buying it?


Take care
Tim
 
It just seems like you keep post articles that prove that you are going to be right rather then posting all the articles that are talking about how Bitcoin is the next best thing.

Stop being so damn biased. Regardless if you believe it or not, cyptocurrencies are not going anywhere. #Factsonly

Prove your "facts". The current banking system isn't going anywhere.
 
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[TD="colspan: 2"] Bitcoin convention brings out hope for digital currency's future Detroit Free Press Gabriel Scheare uses the world's first bitcoin ATM on October 29, 2013 at Waves Coffee House in Vancouver, British Columbia. Scheare said he "just felt like ... [TABLE="width: 100%"]
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[TD] Bitcoin fund raises $65 million after first two months, founder says Reuters NEW YORK (Reuters) - A fund established to offer investors exposure to Bitcoin is holding around $65 million in the digital currency after two months in ...
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[TD] Bitcoin Believers See a Role for Wall Street New York Times "The rising value of Bitcoin is a put option, or a bet, that Bitcoin gets adopted as a medium of exchange," said Jeremy Allaire, the founder of Circle Internet ...
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[TD] Bitcoin Clones Lurch Onto Financial Scene HispanicBusiness.com Cryptocurrency has become the currency/forex story of December 2013, with the unquestioned king bitcoin dominating the conversation. Unsurprisingly, on the ...
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[TD="colspan: 2"] Bitcoin's Rise Constrained by Heists and Lost Fortunes MIT Technology Review Pioneers of Bitcoin are in high spirits due to the currency's rising value and the friendly reception it has received from U.S. regulators (see "Regulators See Value ...
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[TD="colspan: 2"] China bitcoin arbitrage ends as traders work around capital controls Reuters SHANGHAI (Reuters) - The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting ...
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[TD="colspan: 2"] Bitcoin Needs to Start Small Before It Gets Big Internet Evolution When I first started taking Bitcoin seriously a few months ago, I agreed with advocates who thought Bitcoin was revolutionary, as big as the Internet, and likely to ...
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[TD] Will Bitcoin Undermine the US Dollar? Barron's Even though its value has swung wildly in recent days, each bitcoin has skyrocketed in value for the year overall, climbing from around $13.50 last Dec.
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[TD="colspan: 2"] Bitcoin gaining wider acceptance Phys.Org Duhaney, 37, was in the market for bitcoins, the hot digital currency that has caught the eye of entrepreneurs and regulators. So he ventured to a pair of couches ...
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[TD="colspan: 2"] Bitcoin rival or lost chance? JP Morgan applies to renew a 13-year ... MarketWatch (blog) The craze was due in part to similarities between the patent and bitcoin, especially the use of the description "anonymous payment" and the open publication of ...
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[TD="colspan: 2"] Andreessen Horowitz Invests $25 Million in Bitcoin Wallet Coinbase ... Jason Del Rey Get ready for a lot more venture capital flowing into bitcoin-related startups, starting ... now! [TABLE="width: 100%"]
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[TD="colspan: 2"] Coinbase Raises $25M Led By Andreessen Horowitz To Build Its ... Alex Williams Coinbase has raised $25 million in a Series B round led by Andreessen Horowitz in the largest funding to date for a company focused on the Bitcoin digital..
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[TD="colspan: 2"] PubNub, MtGox's Real-Time Price Streaming Partner, Now Offers ... Ingrid Lunden Today it's adding a new module that focuses specifically on Bitcoin, the cryptocurrency du jour. If you go to PubNub's new site for the service, called the Bitcoin ...
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[TD="colspan: 2"] Bitcoin Fever: Using Digital Currency to Understand the Nature of ... By PATRICK HONNER and MICHAEL GONCHAR In this lesson, students explore the fundamental characteristics of currency by reading and researching about the bitcoin, the upstart digital commodity that has ...
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[TD="colspan: 2"] Coinbase Raises Largest Bitcoin Funding Round to Date Jon Russell The company has closed a $25 million Series B round led by Andreessen Horowitz.
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[TD="colspan: 2"] Big bucks for Bitcoin: Coinbase raises $25M to push Bitcoin into the ... Ricardo Bilton Coinbase, a wallet service that lets users buy and sell Bitcoin, has raised $25 million, the largest investor amount poured into Bitcoin so far. The round, led by ...
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[TD="colspan: 2"] Quantifying Price Fragmentation Across Bitcoin's Biggest Exchanges Coinboard One feature of bitcoin that clearly demarcates it from other currencies is its dramatic variation in price across exchanges.
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[TD="colspan: 2"] This Website Advertises A Bunch Of Jobs That Pay In Bitcoin Rob Wile Despite recent price fluctuations, it's becoming increasingly common for individuals to take their salary in Bitcoin.
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[TD="colspan: 2"] Bitcoin Weekly 2013 December 10: BoA gives BTC a $15b market ... Kyt Dotson In a move that will likely be followed by other financial institutions around the world, Bank of America Merrill Lynch has released a valuation for Bitcoin citing a ...
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[TD="colspan: 2"] Dogecoin: Not a viable alternative to Bitcoin, but possibly the best ... James Plafke At the time of writing, Bitcoin has fallen from its $1000-plus value, but it's still sitting high at just $100, or so, less. Because of the ruthless competition involved in ...
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www.economist.com/blogs/schumpeter/2013/12/bitcoin

[TD="colspan: 2"] Bitcoin: JPMorgan jumps in | The Economist THERE is some interesting news from JPMorgan Chase today: the bank has filed for a patent for an online payment system that sounds rather like Bitcoin, the... [TABLE="width: 100%"]
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[TD="colspan: 2"] AMD Radeon R9 290X in Short Supply, is Bitcoin Mining to Blame ... Virtual coin mining could be the reason why AMD's Radeon R9 290X graphics card is in short supply.
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[TD="colspan: 2"] Disqus - Bitcoin Trading Bitcoin Trading. USA. http://cathdayala88.wordpress.com/2...in-currency-trading-foreign-currency-trading/ For Websites About Logos ...
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[TD="colspan: 2"] When Bitcoin Is Not In The Hands Of The Bagholder | Zero Hedge If the Bitcoin marketplace is this excited to accept people's fiat - especially those who have not blown up any bailed out banks, traded on SAC-type information, ...
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Mastercoin is a open source protocol layer on top of Bitcoin protocol that allows users to create their own tokens which represent any type of financial asset. Tokens can be traded easily on the Mastercoin Distributed Exchange which is coming soon.

2jax00m.png


Just like how there are alt coins now, people can create their own user currencies, assign them values/scarcity. These currencies (tokens), can be traded for other user currencies, or for mastercoins or bitcoins. For example: Lets say I started a company, and I wanted to issue 100 shares for 1% each. I can generate PatelCompanyCoin, issue 100 of those, and each one can represent 1%. For people who have 10 of my coins, that represents a 10% stake in my company and people can trade these coins without any third parties on a decentralized exchange. And all this happens directly on top of the Bitcoin protocol.

Pretty neat to see how deep this Bitcoin rabbit hole goes. By the way everything above may not be completely accurate but it goes something like that.
 
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[h=1]SecondMarket CEO: Wall Street Will Put 'Hundreds of Millions' Into Bitcoin[/h]Source:http://www.entrepreneur.com/article/230346?newsletter=true

Wall Street is getting ready to dive into Bitcoin, pouring vast amounts of institutional and investor money into the digital currency that has been labeled a "bubble" by former Federal Reserve chairman Alan Greenspan and which not long ago was seen as the sole preserve of crypto-geeks, monetary-theory wonks and anti-government types.
So says Barry Silbert, founder and chief executive of SecondMarket, the online platform that allows its users to trade private company stocks. "We're three to six months away from Wall Street dollars moving into Bitcoin in a big way," he says.
Silbert should know: Earlier this fall, he launched the Bitcoin Investment Trust, the first investment vehicle allowing institutional investors to put money into the Bitcoin market while avoiding the hassle of personally holding the currency. The trust is open only to accredited investors, and the minimum investment is $25,000.
Speaking on Tuesday night at a private dinner for Bitcoin cognoscenti in New York, Silbert said he was astonished by the BIT's performance. "We launched six weeks ago and we're up to $70 million. That blows my mind. We were hoping to get to $10 million by the end of the year."
The value of the BIT derives entirely from the price of Bitcoin; it has benefited in recent weeks as Bitcoin soared north of $1,200. Because of a recent dip, the net assets of the trust now stand at about $63 million, which means it is holding that dollar value in bitcoins.

Silbert says he meets frequently with hedge fund workers, traders at large financial institutions and others who want to gain a better understanding of digital currencies and figure out how to capitalize on them. He reckons that Wall Street will enter the Bitcoin market in roughly three waves. The first is already beginning, and it's taking the form of IRA money. Customers with self-directed IRAs at Fidelity, Pensco Trust Company, The Entrust Group and Millenium Trust Company are now able to invest some of their money in Bitcoin via the BIT. Silbert expects most other IRAs to approve the BIT as an investment vehicle before the second quarter of next year, in response to growing interest from their customers.
Also in this first wave will be clients of the wealth-management arms of Wall Street banks. Silbert says the BIT is in conversations with "several major banks" and he expects the trust to be an approved product on their wealth-management platforms within the first half of 2014.
The second wave will be hedge funds and other institutional investors. "The principals that work at all those firms are starting to invest personally in the BIT," Silbert says. Anecdotally, he adds, it's clear they are investing in the Bitcoin market through other platforms as well. With traders, portfolio managers and executives all gaining interest, it appears to be only a matter of time before their firms follow suit and take a position in the digital currency.
The third wave will be Wall Street banks themselves, motivated purely by profit, says Silbert. "These banks already have large teams trading dollars and euros and yen and gold. Ultimately, Bitcoin is no different than those" as far as forex and commodities traders are concerned, he says. And indeed, currency strategists at Bank of America issued a note to clients last Thursday talking up Bitcoin's potential and analyzing its fair market value.
While most institutional investors are keeping mum on Bitcoin for the time being, the head of one firm has been outspoken about his faith in the cryptocurrency. Michael Novogratz, the co-chief investment officer of macro funds at Fortress, plumped for Bitcoin at a conference held in New York on Oct. 24. He recommended that investors "put a little money in Bitcoin," saying its value would appreciate significantly over the next few years.
At the time, the price of a single bitcoin was less than $200 on most exchanges. "I have a nice little Bitcoin position," Novogratz said at the conference. "Enough that I'm smiling that it doubled." One can imagine how that smile must have widened in the weeks since.
But it's hard to say where the price will be a month or six months from now. Although right now Silbert is happy to see Bitcoin performing above his expectations, in the near term "the price volatility is only going to get worse," he says. "We haven't seen anything yet."
He added, "Once Wall Street starts putting money into Bitcoin -- we're talking about hundreds of millions, billions of dollars moving in -- it's going to have a pretty dramatic effect on the price."
 
Game over, he 's in, it 's going to get insanely mainstream.

Adreessen Horowitz company has alot of smart people. They recently just had Balaji Srinivasan join that firm as well. He is quite the speaker and entrepreneur. No doubt Bitcoin is going up.

Balaji gave this speech a while back at Startup School, it was a very good speech I recommend everyone to check it out

 
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I feel like slapping myself in the face.

IMO investing into Bitcoins now is pointless unless you have a fat wallet. I think I'm just going to wait until the currency becomes mainstream, it's too unstable at the moment.
 
I feel like slapping myself in the face.

IMO investing into Bitcoins now is pointless unless you have a fat wallet. I think I'm just going to wait until the currency becomes mainstream, it's too unstable at the moment.
Best time to plant a tree was 20 years ago, second best time is today.

-Someone on reddit

2014 will be the biggest growth year in my opinion. Lots of people still dont know about it, and the institutional investors are about to get on board. Its best to get in before they do.

The boat hasn't left yet, but the tickets are being sold out quick.
 
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Best time to plant a tree was 20 years ago, second best time is today.

-Someone on reddit

2014 will be the biggest growth year in my opinion. Lots of people still dont know about it, and the institutional investors are about to get on board. Its best to get in before they do.

The boat hasn't left yet, but the tickets are being sold out quick.

Thing is, unless you've got thousands to invest, you won't make much more than a few pennies.

Some predict that a single Bitcoin may be worth up to $90K or something along those lines. If you buy 1 Bitcoin now, one day you may make $90K...

At the current price of Bitcoins, it is hard to call anything under a couple grand an investment opportunity.
 
Yeah but the opportunity to at least double your money by the end of next year is still there. No matter how much you invest. Theres no doubt in my mind that Bitcoin will be $2k+ by January 2015

And you get the experience of having taken part of something which was revolutionary in the financial world
 

Mastercoin is a open source protocol layer on top of Bitcoin protocol that allows users to create their own tokens which represent any type of financial asset. Tokens can be traded easily on the Mastercoin Distributed Exchange which is coming soon.

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Just like how there are alt coins now, people can create their own user currencies, assign them values/scarcity. These currencies (tokens), can be traded for other user currencies, or for mastercoins or bitcoins. For example: Lets say I started a company, and I wanted to issue 100 shares for 1% each. I can generate PatelCompanyCoin, issue 100 of those, and each one can represent 1%. For people who have 10 of my coins, that represents a 10% stake in my company and people can trade these coins without any third parties on a decentralized exchange. And all this happens directly on top of the Bitcoin protocol.

Pretty neat to see how deep this Bitcoin rabbit hole goes. By the way everything above may not be completely accurate but it goes something like that.

Indeed, to think that ON TOP of having decentralized cryptocurrencies that can't be regulated, there are now going to be decentralized crypto securities that can't be regulated! Mastercoin also is designed to be a peer network add-on to BTC that will make exchanges between the currencies much easier, thereby eliminating the need for third party exchangers. The future looks bright.
 
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Indeed, to think that ON TOP of having decentralized cryptocurrencies that can't be regulated, there are now going to be decentralized crypto securities that can't be regulated! Mastercoin also is designed to be a peer network add-on to BTC that will make exchanges between the currencies much easier, thereby eliminating the need for third party exchangers. The future looks bright.

ya man. satoshidice was one of the first and largest successful bitcoin stock. SatoshiDice had investors, they ended up selling it, and they paid all of their investors back in Bitcoin. No need for $usd/banks or anything, and everything from payments was notarized by the blockchain. And they did this without a decentralized exchange, they did it on a platform which didn't have much structure behind it. You can only imagine the bitcoin securities market when the a fully developed decentralized exchange is rolled out (Hopefully Mastercoin will offer the best one, but there are competitors such as Colored coins, bitshares)

the future is bright indeed.

edit: NYSE, please make way for BSE. Thanks. :cool:
 
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