Take Bitcoin Price Predictions with a Grain of Salt

Take Bitcoin Price Predictions with a Grain of Salt

Bitcoin price predictions are fun exercises, but you should take them with a grain of salt. Bitcoin price predictions are a staple topic of discussion in the cryptocurrency community. However, it is important to remember that although speculating about the Bitcoin price is fun, it is far from an exact science. Bitcoin Price Predictions. Bitcoin price predictions are immensely popular. A quick Google search for the term yields 377,000 results, an astounding number for a technology that gained mainstream recognition less than a year ago. Their soaring popularity stems from the fact that....


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Samson Mow Claims Chinese Bitcoin Scalability Event Was A Marketing Stunt

While these words should always be taken with a grain of salt, a bigger problem is highlighted by this statement. A recent bitcoin meetup in China was supposed to be about addressing scalability. This topic has been kicked around for quite some time now, yet there is no solution in sight. Samson Mow took to Twitter and explained how this meeting was not about on-chain scaling. Instead, he called it a “social and marketing event” organized by Bitmain. There have always been different opinions on any event taking place discussing Bitcoin scalability. The majority of....

PayPal Chief: 'Bitcoin Will Continue to Gain Ground'

It's most definitely interesting to see the chief of a financial company say something decent about bitcoin. After all, one would expect a CEO to do what he or she could to destroy the competition. But David Marcus, PayPal president, is different. In a blog post Wednesday, Marcus said that he suspects "bitcoin will continue to gain ground". Pure speculation, of course, but Marcus went so far as to say that the price could be double by this time next year: "I predict that the value of Bitcoin still has the potential to double (as of December 11, 2013 at 8:08 AM PT: 1 BTC = 915 USD) by the....

62% of People Say Bitcoin Will End 2015 Below $500

Some 62% of bitcoin enthusiasts believe the digital currency's price will be less than $500 at the end of this year, according to the results of a CoinDesk poll. The survey results show 1,682 of the 2,702 respondents predicted the price of bitcoin would end the year between $0 and $499. The price predicted by the greatest number of respondents was $400, with 281 (10.4%) of people guessing this value. This was followed by $500 and $350, with 277 and 232 votes, respectively. The most popular predictions can be seen in the table below: Price. Number of predictions. Percentage of total.....

Breathe ... bitcoin's just currency

The idea of bitcoin has a lot to recommend it. In particular, a global currency that requires few or no middlemen (thus keeping transaction costs low) has special appeal in a world where it seems like every bank and credit-card company is looking for yet another way to squeeze a few bucks or quid in "service fees" from customers who don't notice a lot of, you know, service. But it would be wise for even the most fanatical bitcoin devotee to remember this: bitcoin is still just a human invention. A highly clever and useful one, no doubt ... but still susceptible to all the human foibles and....

Trading at Polish Bitcurex Exchange Temporarily Disabled

Trading was stopped this morning at the Polish Bitcurex exchange, according to a number of user reports and an official announcement posted to the service's Facebook page. The notice: Dear Users, We are working on resuming our service. We would like to inform you that your funds are secure - current shutdown results from safety procedures. We will soon provide you with further, more detailed information. Regards, Bitcurex Team. The move came just a while following a massive by on the exchange (being pegged at about 18,000 BTC), so there's a possibility this has something to do with the....

Quotes

[I’ve been working on Bitcoin] since 2007. At some point I became convinced there was a way to do this without any trust required at all and couldn’t resist to keep thinking about it. Much more of the work was designing than coding. Fortunately, so far all the issues raised have been things I previously considered and planned for.

Satoshi Nakamoto, Bitcoin Developer