The Bitcoin Price Drop is... A Good Thing??
The recent downturn of bitcoin price has several people worried. Many mining operations have ceased activity, saying they will no longer engage until the price rebounds. Politicians and businesses alike are warning listeners to stay away from bitcoin due to the endless price fluctuations, and overall the power of the haters has become a little stronger than we'd all like. Thus far, most of us are concentrating on the negatives, but is it actually possible that maybe the bitcoin price drop could be a good thing? When we look between the lines, is it possible that there is actually a shred....
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Can you say landslide? That's the word that possibly most accurately describe's last week's poll. In that poll, we asked: "PayPal integrating digital currency: A good or bad thing?" We thought we might actually have a close race between "yes" and "no", but that wasn't the case at all. In total, there were about 700 votes cast, and a whopping 636 voters (90.86 percent) said that a digital currency integration into the PayPal platform would be considered a good thing. Only 64 people said that such an integration would be bad (9.14 percent). But why in the world would such a thing be....
So now bitcoin price has gone down again. After a recent surge of about $20 that got digital currency enthusiasts everywhere feeling pretty happy again, the price has now gone down by about $10 and is hovering around the $233 line. Naturally, many of us are pretty disappointed, and yet at the same time, such a drop was to be expected. With the recent malicious activity striking bitcoin exchanges all over the globe, a bitcoin price drop was probably inevitable. We saw similar circumstances with the Bitstamp hacking, and now we're likely to see it again here, especially considering there....
Bitcoin is remaining at around the $230 mark. Yesterday, it was reported that the price had dropped to this amount, but today no further drop has been witnessed just yet. It's staying where it is, and considering the fact that drops have been occurring daily over the past week, staying at $230, despite the mediocrity behind such a stance, suddenly feels like a good thing. Is stabilization on the way? Could staying where it is be a sign of some sort that bitcoin is finally starting to strengthen its defense systems and make its way out of the foxhole? It's a little too early to tell,....
Welcome back to another Bitcoin News in Review, where we feature some of the top stories of the week here on CryptoCoins News. This week (28 September - 5 October), we saw a huge drop in the bitcoin price, Bill Gates praising Bitcoin technology, a cyberattack against JPMorgan Chase, and more. Keep scrolling for this week's News in Review. Also read: Bitcoin News in Review: PayPal, Butterfly Labs, Goldman Sachs, and More. What's Happening to the Bitcoin Price? At the time of this post, 1 bitcoin is valued at $298, just slightly below $300. This is a substantial drop in price from just a few....
As we've been following for you here on CCN, Cloud Mining has been taking a beating with the precipitous drop in Bitcoin price over the lasts several months. The profit margins have become thinner and thinner, and now may be non-existent for many in the industry. Some reports have as many as 30,000 miners leaving the industry since BTC has entered the $300-and-below range. Many Bitcoin critics are eager to take this as a sign of Bitcoin's inherent weakness of value. Is that the case? Can this purging of clouded, corporate miners, in fact, be a good thing? In order to take advantage of the....