Last quote about Bitcoin
All quotes about Bitcoin
If the ETF is not approved we expect a correction and consolidation period but growing adoption and the deflationary supply of bitcoin suggests a continued uptrend in the medium term.
Price is just a number, and overtaking one ounce of gold doesn't in itself mean much. More important is that bitcoin is making new highs. That signals both a growing appetite for alternative assets and also that crypto currency is finding new, perhaps unwary, buyers.
There's one catalyst at the moment and that is the expectation that the Winklevoss Trust will be approved on the 11th of March. That's the only game in town.
Gold has been going up but it hasn't been rising as rapidly as Bitcoin.
You can't walk into a Starbucks today and carve off a little bit of gold to buy your cup of coffee, but you can pay for it with Bitcoin. Bitcoin has inherit benefits over gold that gold can't compete with. Bitcoin is not going away. This new asset class, which Bitcoin represents the first of, is sticking around. The units of measurement are very arbitrary. For us, we're focused less on the price, and more on how the fundamentals of the Bitcoin network are doing.
They have had a lot of interest in bitcoin, blockchain and is more aware of cryptocurrencies.
Bitcoin is just not liquid enough for us to even think about. We manage billions and billions of dollars we'd need to be able to go into that market and trade in hundreds of millions of dollars at a time, and my sense is it's not like that.
Bitcoin is just not liquid enough for us to even think about. We manage billions and billions of dollars – we'd need to be able to go into that market and trade in hundreds of millions of dollars at a time, and my sense is it's not like that.
Many of the larger alt coins have the same use cases as Bitcoin. At the same time they benefit from the second mover advantage. They had the opportunity to copy Bitcoin but better. Many people believe and I agree there are also significant advantages to being the first mover given the strong network effect.
There is certainly a move by traders looking for better returns in more risky crypto projects as risk on risk off mentality takes hold. The other anonymous crypto currencies are also seeing more attention through upgrading their GUI's, amongst other upgrades, as well as making a case for libertarians with their more advanced privacy centric focus.
Ethereum has recently been plagued with troubles such as spamming the network although these look to have been put to bed. A positive newsflow has switched sentiment, with its founder announcing clear development plans as well as larger banks, such as JP Morgan endorsing the technology through joining enterprise ethereum.
It's not just a cake being divided among altcoins though. Niche coins with specialized features can have stronger use cases that may accelerate the technology benefiting the entire space.
I think all governments are trying to figure out how they can adjust laws and regulations to this new field, allowing them to get the benefit of the technology while at the same time curbing any usage for illicit purposes. My recommendation to any regulator wondering how to go ahead with this would be to involve the industry and work together to reach common goals.
The PBoC moves to regulate Bitcoin more stringently will bring short term woes but will ultimately strengthen the ecosystem.
This has been a long time coming and many in the industry view these developments as a positive clean up. We already see liquidity resettling in other trading pairs like BTC/JPY & BTC/USD. These marketplace changes will inevitably slow nefarious activity and open channels to more and more institutional investors. In my opinion the 'PBoC cleanup' is the best thing that could have happened to bitcoin this year.
The volume in the Chinese exchanges is starting to pick up again.
If you are a baby boomer you buy gold, if you are a millennial you buy bitcoin. The millennials that I talk to don't trust gold, but do trust math (bitcoin).
After almost two years of substantial effort and investment, Xapo has received conditional approval from the Swiss Financial Market Supervisory Authority (FINMA) to operate in Switzerland.
There's a bunch of us in the Valley. We meet up and have these financial-hacking dinners and talk about back-up plans people are doing. It runs the gamut from a lot of people stocking up on Bitcoin and crypto-currency, to figuring out how to get second passports if they need it, to having vacation homes in other countries that could be escape havens. I kind of have this terror scenario: 'Oh, my God, if there is a civil war or a giant earthquake that cleaves off part of California, we want to be ready.
Instead of 'we're watching' you it's now 'we're investigating' you. The intentions of the Chinese state are clearer and it looks like they're trying to bring the Chinese bitcoin exchanges to heel - whether they are looking to make an example is yet to be seen. But in the short term this could affect volumes which have been one of the key drivers of the recent rally.
We're definitely vigilant. We think we are in compliance with all the current rules and regulations of running a bitcoin exchange in China. I wouldn't call it an investigation. I think they are working closely with us to learn more about our business model and the bitcoin exchange industry. We had a very fruitful meeting today.
In contrast to most of the people that we speak to in the industry, we think the probability that a bitcoin ETF will be approved in 2017 is very low. To be clear, we don't see any specific reason to disapprove the Winklevoss Bitcoin ETF, but, instead, think that the confluence of fear, uncertainty and doubt coupled with basic incentives at the SEC will make it very difficult to get approval.
Overall, this is a low probability event with a very significant upside. Ultimately, while it appears there is significant pent-up demand from the investment public for such a vehicle, bitcoin itself certainly doesn't need an ETF and will continue on regardless of the SEC's decision.
Taken together, we think the positive effect that a bitcoin ETF would have on the price of bitcoin is vastly underappreciated and that the probability of approval is drastically overestimated within the industry.
For that range, you're not going to be able to do it at a good rate. You're going to lose 10 percent of your money. Maybe the individual household might buy 20,000 more dollars worth of bitcoin than their US$50,000 (forex) quota, but that's a drop in the bucket.
If I pack a suitcase and take a plane to the United States, do the clothes, does the computer in my suitcase, does the watch I wear count towards capital flight? Where do you draw the line?
The industry can benefit from balanced, risk-based regulation and/or oversight, and we look forward to further constructive discussions with the regulators and industry participants.
If something goes up very rapidly ... people make a lot of money, and at some point they're going to want to sell, in order to realise their gains.
Once we broke through the nominal all-time high, liquidity dried up – no shorts, no sellers, which means a volatile little bubble formed quickly. We are seeing the effects of that now. It's still fairly thin trading volume though. I expect the market will find a floor and stabilize somewhere in the $850 to $1,000 range, but we'll see.
A lot has happened in the time between the all-time high in 2013 and now. The industry has grown a lot and become stronger, through innovation, and endurance. Additionally, the adoption and popularity of Bitcoin are much higher than they were back then. More and more people are beginning to recognize the benefits and value of the currency.
The bitcoin price surge is enabling traders in this space, who tend to be bitcoin heavy, to diversify their blockchain asset portfolios, and allocate greater weight to other cryptocurrencies such as ether, which until recently have been relatively undervalued.
Blockchain asset traders with extensive experience in more traditional financial markets are likely to be wary of the recent bitcoin price surge and instead of cashing out into fiat currencies, that may be equally volatile this year, are heading to alternative blockchain assets.
Given that the yuan's weakness over recent months seemed to correlate with bitcoin's strength more than any other currency, it's no surprise that bitcoin traders have reacted the way they have to the yuan's sudden strength today.
Once we broke through the nominal all-time high, liquidity dried up - no shorts, no sellers, which means a volatile little bubble formed quickly. We are seeing the effects of that now as it breaks. It's still fairly thin trading volume though, so who really knows where it goes next.
When the existing money system has problems, people turn to bitcoin sort of like people used to go to gold in the old days. Gold is very attractive in the old days. It's something physical, tangible. It's got this nice gold-color luster.
Compared to all the other assets, especially things like gold, stocks, real estate, $16 billion is just a drop in the bucket.
I think it's an interesting alternative asset class, especially as a hedge towards things like demonetization or other geopolitical factors. If you do have a portfolio, I see very little harm in having a little bit of crypto-currency in that portfolio to hedge some of these different geopolitical events.
The value of Uber in any city is directly dependent on the number of drivers and number of users – it's not linear, it's exponential. The same is true of the value of bitcoin.
The growing war on cash, and capital controls, is making bitcoin look like a viable, if high risk, alternative.
It's hard to say what was the breakthrough year or if we've had a breakthrough year yet. Certainly in price terms, this has been a pretty impressive year. But in terms of broad mass market adoption, it's still to come.
It is one tool that many people around the world use to try to preserve wealth. Bitcoin has gone from being just a nerd's version of gold years ago to now being another thing people do to try to hold onto their wealth.
If that trend continues, bitcoin is a good thematic play on the fracturing of our global norms as a flight to safety.
The rally is difficult to pin down as there are a number of contributing factors that include the global economic and political shifts underway with (President-elect Donald) Trump and the Eurozone with Bitcoin becoming a digital hedge and flight to safety.
A further point is the more fundamental and technical underpinning of bitcoin's evolution with positive moves on scaling - or increasing the number of transactions the network can process.
Alternative assets like bitcoin do well when the world is unstable. It looks like the world is getting a lot more unstable.
What we have and in the last four months is consistent week over week growth. This quarter, our consumer business will almost double.
Using bitcoin for speculative trading or people buying and selling bitcoin because they think it's fun -- that's not an interesting business for us. It's a distraction to have to support these customers given that our growth has been on our social payments business.
It's the advent of digital currency and with bitcoin there is bound to be more in circulation value in the coming years.
This creates a domino effect in emerging markets and China in particular, leading people globally to look for alternative forms of currencies and payment systems not tied to central banks that have exhausted monetary policies or crony governments that are in full financial repression mode nor transaction systems that are long overdue for a revolution.
The takedown of Avalanche was unprecedented in its scope, scale, reach and level of co-operation among 40 countries.
Operations "better, faster, cheaper.
Jaxx really started taking off over the past months, and that's really where my passion is. I prioritize the things that are really important to me, and that's the No. 1 thing.
The Ethereum community is driven a lot more by an engineering mindset. People say 'let's try it and see what we can do.
The Bitcoin community has become more boring. That's a good thing. We used to see a lot of scams. There are not so many scams anymore.
I think investing in Bitcoin startups has probably gone pretty close to zero.
A lot of the interesting development now is happening in other projects.
I think Bitcoin has stalled out.
Right now Alpha Bay is the biggest. The fact that these markets keep getting taken down and popping up again speaks to the endurance of it.
The real-world uses of Bitcoin are largely things the government doesn't want you to do. It has proved to be successful and effective for drugs and for black markets.
We are also not seeing people use bitcoins to buy coffee.
Bitcoin was designed to be digital gold.
I think of the Bitcoin community as very political and ideological.
Queries for bitcoins have gone up by 20 percent to 30 percent in the past couple of days.
I would estimate the average traded volume in India to be around 500btc/day, which is less than 1 percent, maybe even 0.1 percent, of global volumes.
Bitcoin is a sanctuary in emerging markets where knee jerk policy reactions are commonplace - India's move on high value bank notes is just the latest in a string of poorly communicated & executed judgments.
Bitcoin is yet again acting as a form of digital gold and correlating strongly with the commodity - when there is uncertainty safe haven assets see a boost.
Bitcoin has been accepted by regulators and government because there is some level of accountability.
I think that it's certainly possible to have a high level of anonymity and Zcash seems to have achieved that.
There has been growing interest by the security services from a number of countries in tracking bitcoin after rumours of terrorist activity using the digital currency. The use on the darknet for buying drugs or other illicit will no doubt be a worry and will lead to regulation and blanket bans.
By putting the regulations together and having key staff members leaving almost thereafter, they really put the industry behind the eight-ball in terms of competing with traditional service providers.
There were several technological advancements demonstrated, some of which could be promising avenues to increase the number of transactions that the bitcoin network could process. These new advancements could once again position bitcoin to continue to innovate and sustain higher transaction rates which could foster wider adoption.
The Chinese central bank's decision not to intervene in stabilising the yuan means traders are running scared. Bitcoin is a port in the storm.
There is currently a whole industry set up to reconcile and audit all these separate ledgers, and you can't easily connect them. This comprehensive shared data source could be a real benefit.
If you take a snapshot of the existing plumbing, it looks a bit ugly. There's nothing magical about a blockchain in solving this problem.
There are so many things going on that it is hard to keep track of all the contacts. I hear from other central bank colleagues that it is the same everywhere.
We are paying close attention to distributed ledger technology, or blockchain, recognizing this may represent the most significant development in many years in payments, clearing and settlement.
The clever work of the bitcoin creators and leaps of progress in applied cryptographic research are opening the door to bold new uses of blockchain. By modifying the traditional 'chameleon hash' function we can preserve the strength of the original blockchain while making it even more useful. Unlike a traditional database, our solution is compatible with current blockchain frameworks and works in a decentralized and accountable environment.
The big exchanges that hold customer deposits are a big target for hackers, and unfortunately most bitcoin exchanges store user funds.
We always advise our investors to consider the fundamentals, but regardless of the temporary shocks, such as the Bitfinex one or the MtGox [hack in 2014], the reasons to buy BTC have remained the same.
I am skeptical there's going to be any technological silver bullet that's going to solve security breach problems. No technology, crypto-currency, or financial mechanism can be made safe from hacks.
It takes one grumpy hold-out ... to blow the whole thing up.
The convertible debt token is a way of kicking the can down the road and finding breathing space for the exchange - it opens up interesting trading possibilities with its junk status as well as a fair few legal ramifications. It's all been desperately scrambled together to give some form of closure - although a lot of their plan has not been fully fleshed out with details thin on the ground.
The courts and government agencies are going to argue - but for a bitcoin user it is money and is treated as such. From the practical angle it's very simple.
By listing the ETI on the Gibraltar Stock Exchange, which is an EU-regulated market, we are able to bring a high level of transparency and liquidity to investors.
[Ransomware] is an easy business to get into. There are kits out there that you can buy on the deep dark web and start your own little ransomware company, and many of these end up actually being successful.
A message popped up that said my files had all been encrypted. ... The only way to get it back is to pay a ransom.
On the business side, the sky's the limit. We've seen requests for millions of dollars, but usually they end up settling for tens of thousands.
It was huge relief when we got the key. ... Pretty much everything came back.
They now know that you are susceptible and want to pay them. This could encourage them to continue and target more people down the line.
Secure backups are key. Make sure that files are backed up regularly, and you should test those backups so that the first time you try your backup is not because of a ransomware event.
Its targets of opportunity could mean your grandma or grandpa, or a corporation down the street, such as a health-care provider.
It's very difficult to attribute where the ransomware came from, and every specific case is vastly different. We've seen ransomware attacks from Europe, we've seen ransomware attacks from Asia and we've seen ransomware attacks from the United States.
Ethereum is still in an early and experimental phase, and as it matures will likely evolve to serve a different purpose than Bitcoin.
The most important thing is to be the most efficient miner.
By 2020 we will definitely have had the tipping point.
Over the past few years, we have seen an increasing amount of Bitcoin activity connected to purchasing child sexual abuse material online. Our new partnership with Elliptic is imperative to helping us tackle this criminal use of Bitcoin.
This is the first time anybody has started identifying these crimes in bitcoin and flagging them up in a system like ours. This is a great step ... towards our goal of getting rid of any sort of illicit activity in bitcoin.
If Donald Trump becomes president of the U.S., there is the very real prospect of turmoil on world markets – the Economist Intelligence Unit ranks his presidency within the Top 10 global risks. However, bitcoin trading would thrive in such an environment, at least until the impact on major fiat currencies becomes clear.
I do think it's primarily macro things such as Brexit, you saw the price run up as you saw the opinion polls show Leave was winning and as those polls reversed over the weekend, that's when we saw the price reverse.
I'm not a big proponent of bitcoin as a currency replacement.
If nothing else looks safe, you could see people looking to something completely different as a safe haven. It doesn't follow the ups and downs of regular markets.
Bitcoin is effectively becoming digital gold. You can continue to see further validation of bitcoin as something detached from a centralized government that allows people who work to preserve wealth in a secure way.
I wouldn't tell anybody to put their life saving into bitcoin because that could just as easily be wiped out. Think about it in terms of diversifying your portfolio. If you have investments in gold or an index, maybe think about bitcoin or cryptocurrency as an asset class you want to have some money in.
Most people are buying it for investment or stored value. They're not paying their rent. It's the beginning.
The correction from a day or two ago had more to do with a technical correction that it did with Brexit.
Bitcoin is still such a new innovation that the economics of its value aren't fully understood, and the price looks likely to remain moderately volatile in the medium term.
Throughout civilisation gold has been viewed as a well-established safe haven used to store value by all cultures in all ages across the word and has never gone to zero in recorded history.
DFS is pleased to continue to foster the growth of the New York virtual currency marketplace and industry through thoughtful and appropriate regulation. DFS will continue to progress on licensing virtual currency firms while acting in the best interests of New York consumers.
The most likely explanation appears to be linked to market confidence in the Asia region, with low confidence in local currencies providing a major boost to bitcoin demand.
Speculators have been pointing to impending rises for some months, citing the impending halving of rewards for miners. I think, however, that's been priced into the market on an on-going basis.
Signs indicate Bitcoin's price has become linked to a number of macroeconomic factors in China.
This action continues New York's long tradition of pioneering new innovations and emerging industries. With robust regulatory oversight, we are maintaining our status at the forefront of this technological revolution and ensuring that users have a safe and secure experience.
There is a place for ether on our platform. It does what bitcoin doesn't do. So that is the sort of criteria: that it is different enough from bitcoin and the proposition is great enough that this makes sense for us to include it in our platform.
We believe that we have to grab every opportunity that comes along, to take advantage of any innovation, and if one of those becomes very successful, we can say we were the first to use it.
In Budapest there are already several bitcoin cash dispensers. Many have criticised this sort of payment saying it's linked to the black economy, but others point out it is very innovative.
Our company wants those with bitcoins to be able to spend them on services, products, in shops, because it creates business and it helps those who need that service.
Coinsetter has a lot of synergies with us and it's pretty clean. There's a lot of companies that you can do a deal with. But Coinsetter has certainly a cautious approach to the United States and it doesn't have contingent liabilities hanging around its head and that's pretty appealing to us.
At this stage the relevant financial authorities, the police, the Finance Ministry and others are gathering information on the case.
They should not act hastily. As for whether we need regulations, they should first examine the situation a bit more and discuss it in depth.
You need a legislative framework to supply services or have a business in this field.
We are now in talks with officials because I don't know where we fit in, a bourse, bank, money transfer firm.
Payment in China is going to be very tricky in terms of bitcoin. The government has come out to say that they discourage or disallow payments. Now, whether that's enforceable is a different question, but because of that policy, that perspective, a lot of merchants are hesitant to accept bitcoin, especially large companies, and in turn, the users have nowhere to pay for things in bitcoin. So that's a chicken and egg problem.
I also believe that as soon as a few politicians get offed and they realise they've lost the war on privacy, the killings can stop and we can transition to a phase of peace, privacy and laissez-faire.
This is how it starts, and in the end this will grow throughout society and become a natural part of our everyday lives.
There is a sign here to show that there is a Bitcoin dispenser inside, and another sticker telling you that Bitcoin is accepted here for purchases. The people who've installed this machine have as their goal many more such signs appearing.
This is just the first step, right now of course only a few people are interested in it, but this kind of first steps can help Bitcoin to be a common and friendly thing which can be used by the taxi driver, the policeman and even my mum.