Review of Bitcoin in The First Two Months of 2015
At the end of 2014, I published a two-part summary on the state of Bitcoin. In the first part of that report, I argued that the 2013 bitcoin price peak was actually an artificial bubble created by fraudulent trading bots on the now-defunct Mt. Gox bitcoin exchange. Furthermore, I argued that the year-long downtrend of 2014 was a symptom of the correction of the artificial Gox bubble; once Gox shut down in early 2014, the two trading bots went offline, and the price crashed. Ever since, the price has been in an adjustment period, looking for a real level of demand. In the second part of the....
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The goal of this article is to review the growth of Bitcoin as a whole over 2015 compared with 2014. This article will be broken down into months, covering January-December. Bitcoin’s price over the months will be explained simply rather than in-depth for the sake of brevity. I hope you enjoy a review of 2015! Before jumping into 2015, we will establish some key facts that will be revisited at the conclusion of the article. These statistics will be very important for calculating Bitcoin’s growth over 2015 and will allow us to make predictions about how Bitcoin might progress over 2016.....
The goal of this article is to review Bitcoin’s growth as a whole, and discuss key events that happened in each month, and attempt to predict what we can expect 2015 to be like using 2013 and 2014 as years of comparison. This article will be broken down into months covering January- part of December. Bitcoin’s market will be explained simply rather than thoroughly analyzed. I hope you enjoy this article as we review this action-packed year for Bitcoin and look into what the future might yield. Before jumping into 2014, we will establish some key facts which will be revisited at the....
2015 was a banner year for bitcoin. It brought some key developments for the digital currency’s acceptance, particularly by the financial sector. But like every year since its 2008 debut, bitcoin’s progress came with challenges. Bitcoin has not been embraced by enough consumers, businesses and government to be called a mainstream currency or commodity. 2015 brought more signs that it is on the right path, and its naysayers have never been more discredited. There is no question that 2015 has brought a change in tone of the conversation surrounding bitcoin.
A group of contributors to the open-source Bitcoin Core development project met late last month in Switzerland for a sit-down review of the code for Segregated Witness, a proposal aimed at scaling the bitcoin network. The gathering in Zürich drew about 20 Core developers, and comes at a time when there remains deep divisions in the community over the actions of the group, as well as its approach to scaling the bitcoin network. In this light, the meeting in Zürich had a certain gravity, given that the work being performed will have major implications for the bitcoin network’s trajectory in....
Big questions are regularly flowing through our minds. For cryptocurrency fans, some might include, “Where is Bitcoin headed in 2016? Where will it go, and what will it do? What advancements and new strategies can we expect to see?” 2015 has been a year of twists and turns. We began January with bitcoin reaching a new low. The price of the coin fell below $200 and left many people feeling depressed, upset and genuinely let down. Those of us riding on bitcoin to do powerful things in the financial world watched helplessly as the numbers (along with our hopes and dreams) continued to drop.