Bitcoin and Intrinsic Value: a layman’s response to Alan Greenspan Editor’s note: Matt Mihaly, a bitcoin fan and entrepreneur, recently wrote this article in response to Alan Greenspan’s recent comments on bitcoin. Alan Greenspan is an American economist who served as Chairman of the US Federal Reserve from 1987 to 2006. Mr Greenspan, I saw your recent comments regarding bitcoin on Bloomberg. I understand your skepticism – it wasn’t until early summer of this year that I appreciated what Bitcoin represents as a force for disruption.
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Major China Bitcoin exchange halts deposits, price crashes by half Following a recent decision by BTC China—the country's largest bitcoin exchange—to stop accepting new deposits in Chinese renminbi, the value of the digital currency has plummeted by about 50 percent over the course of several hours early Wednesday. BTC China attributed this change to the fact that one of its payment providers, YeePay, said it could no longer accept deposits in the Chinese currency. As of this writing, the weighted average of one bitcoin was $570.10 as listed on Mt. Gox, the world’s largest exchange. Earlier this month, the trading value of one bitcoin soared to record highs of around $1,200, and many speculated it was due to new Chinese trading.
Litecoin Mr. Bunny Chaser Blockchain Whispers’ Fundamental Analyst Litecoin (LTC) Executive Summary Launched on October 7, 2011, popularly known as the “silver to Bitcoin’s gold” was Litecoin. Crypto News & Stuff… When I first had contact with info on Nikola Tesla, many years ago, my mind just blew up. My questions at that time were like: How could a true genius with light-years ahead inventions be simply forgot by common history? I decided to dig more info and suddenly I understood why… In fact, the beginning of his fall started with Tesla working for Edison. While Tesla wanted to make to world a better place, Edison was worried about filling his pockets and banking accounts, by patenting and selling his poor inventions.
Why I want Bitcoin to die in a fire Bitcoin just crashed 50% today, on news that the Chinese government has banned local exchanges from accepting deposits in Yuan. BtC was trading over $1000 yesterday; now it's down to $500 and still falling. Good. I want Bitcoin to die in a fire: this is a start, but it's not sufficient. Let me give you a round-up below the cut. bitcoin price For better or worse, Bitcoin was one of the hottest topics of 2018 purely due to its rapid price appreciation. Bitcoin had its highest historical price on October 18, 2017, when it shot up to $19,498.63. After two years of a bullish market, the so-called “crypto winter” started: at the beginning of 2019, Bitcoin’s price sank to $3,800. While its price was fluctuating by as much as 50% in a single day, Bitcoin has drawn interest, controversy and heaps of conspiracy theories.
Litecoin In 2014: Will The Cryptocurrency Overtake Bitcoin In The New Year? Litecoin is an alternative currency (commonly called alt coins) very similar to bitcoin; some call it the silver to bitcoin’s gold. They both have an amount cap so as the market doesn’t get over saturated. They both are mined using application-specific integrated circuits (ASIC rigs) and high-powered graphics processing units (GPUs), and they both are used as a payment method and traded on open markets as a way to make money. Bitcoins are accepted much more widely than any other alt coin, but are still nowhere near the universality needed to be a generally accepted currency.