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Bitcoin Rollercoaster Down

Track Bitcoin Price With The Roller Coaster Guy : Bitcoin

Track Bitcoin Price With The Roller Coaster Guy : Bitcoin

Do not use URL shortening services: always submit the real link. Begging/asking for bitcoins is absolutely not allowed, no matter how badly you need the bitcoins. Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy. News articles that do not contain the word "Bitcoin" are usually off-topic. This subreddit is not about general financial news. Submissions that are mostly about some other cryptocurrency belong elsewhere. For example, /r/CryptoCurrency is a good place to discuss all cryptocurrencies. Promotion of client software which attempts to alter the Bitcoin protocol without overwhelming consensus is not permitted. Trades should usually not be advertised here. For example, submissions like "Buying 100 BTC" or "Selling my computer for bitcoins" do not belong here. /r/Bitcoin is primarily for news and discussion. Please avoid repetition /r/bitcoin is a subreddit devoted to new information and discussion about Bitcoin and its ecosystem. New merchants are welcome to announce their services for Bitcoin, but after those have been announced they are no longer news and should not be re-posted. Aside from new merchant announcements, those interested in advertising to our audience should consider Reddit's self-serve advertising system . Do not post your Bitcoin address unless someone explicitly asks you to. Be aware that Twitter, etc. is full of impersonation. Continue reading >>

Bitcoin Rollercoaster: What Happened, And Why?

Bitcoin Rollercoaster: What Happened, And Why?

Bitcoin Rollercoaster: What Happened, and Why? AFP 2018/ Justin TALLIS Its been a turbulent week on the cryptocurrency market, where the spectacular gains made over the last month have evaporated in the space of a dramatic seven days. Over the course of2017, Bitcoin has made unbelievable gains, soaring fromroughly $1,000 atthe beginning ofthe year toa record ofnearly $20,000 inDecember, witha doubling ofits value betweenNovember and December. However, the pastweek has seen the cryptocurrency market experience a string oflosses, culminating ina nosedive onFriday, December 22nd withBitcoin falling below $11,000, the BBC writes, citing figures fromthe Coindesk cryptocurrency exchange website. The British broadcaster adds that Bitcoin recovered toover $13,000, butthe price remains volatile. READ MORE: Bitcoin's Black Friday: Blockchain Prices Plunge The major losses invalue that Bitcoin suffered overthe course ofthe week have led, according tothe BBC, toa surge intrades atCoinbase onFriday, one ofthe major Bitcoin exchanges. However, asa result oftechnical slowdowns, the exchange was prompted tohalt exchanges twice duringthe day. The exchanges CBOE and CME also saw trading ofcertain Bitcoin futures contracts suspended due tothe rapid price change. These contracts essentially function ina way that allows investors toplace bets reflecting where they predict the price ofBitcoin will be atdifferent times inthe future, the BBC reports. Not-So-Funny Money: Bitcoin's $2,000 Plunge Panics Netizens Speculation has begun toarise, asthe market is attempting tomake sense outof the downward slump that came seemingly outof the blue. According toCharles Hayter, the founder and CEO ofthe website Cryptocompare, the market is still driven primarily bysentiment, the BBC sites him assaying. A Continue reading >>

Bitcoin Roller Coaster Ride Gets Even More Extreme

Bitcoin Roller Coaster Ride Gets Even More Extreme

Bitcoin roller coaster ride gets even more extreme Cryptocurrency loses almost a fifth of its value in one day but rebounds as user figures rocket A bitcoin sign in Hong Kong. The digital currency lost almost $2,000 in 24 hours before rallying again. Anthony Wallace/AFP Bitcoin slid to as low as US$9,000 in volatile trade on Thursday, having lost more than a fifth of its value since hitting an all-time high of $11,395 on Wednesday. The cryptocurrency fell as much as 8 per cent on Thursday on the Luxembourg-based Bitstamp exchange to hit $9,000 exactly, marking a fall of well over $2,000 in under 24 hours. It then edged back up to trade at around $9,400 in the hour that followed, still down about 4 per cent on the day. It was at $9,464 at 8.05pm UAE time on the DailyFX site on Thursday. One market-watcher attributed the fall to outages in bitcoin exchanges and the heavy price surge of recent times. "Naturally a few of the early bitcoin traders are taking some profits off the table," said Charles Hayter, the founder of CryptoCompare.com. "Volatility is in the market at the moment and that means both positive and negative moves." The latest fall has tempered an astronomical rise for the cryptocurrency in recent months - bitcoin was up almost 1,100 per cent year-to-date on Wednesday. The rise has been fuelled by signs that the digital currency is slowly gaining traction in the mainstream investment world, as well as by increasing awareness. In the past week, Google searches for "bitcoin" exceeded searches for "Trump" for the first time, data from Google showed, even though the US president Donald Trump has been prominently in the news this week. Bitcoin hits record just days after a 29% plunge Several large market exchanges including Nasdaq, CBOE Holdings and CME - the wor Continue reading >>

Bitcoin Retreats As Goldman Ceo, Fed's Quarles Raise Doubts

Bitcoin Retreats As Goldman Ceo, Fed's Quarles Raise Doubts

Bitcoin continued to trade wildly on Thursday, a day after swelling past $11,000 and then face-planted at below $10,000, as Goldman Sachs ( GS ) CEOLloyd Blankfein said the cryptocurrency doesn't meet traditional standards for money while a top Federal Reserve policymaker said Bitcoin is a "niche product." X The digital currency, ever sensitive to price swings and the emotions of big and small investors alike, was down 2.8% to$9,540.14 in afternoon trading after sinking to $9,021 intraday. Etherium, another cryptocurrency, was down 2.4% to $427.51, but off their worst levels too. Last week, Bitcoin hovered in the $8,000 range. The latest big price swings come as more smaller, less sophisticated investors, curious about the hype, hop aboard and then bail on what has become a wild ride this year for the cryptocurrency. Goldman Sachs CEO Lloyd Blankfein said Thursday that it's too soon for his bank to develop a Bitcoin strategy, and questioned calling the digital instrument a "currency." "Something that moves up and down 20% in a day doesn't feel like a currency, doesn't feel like a store of value," Blankefein told Bloomberg Television . Goldman's commodity chief said Wednesday that Bitcoin should be treated as a commodity. Federal Reserve Vice Chairman for SupervisionRandal Quarles said Thursday dismissed the idea that Bitcoin could be a major rival to established currencies or that the Fed itself would issue its own cryptocurrency. "Digital currencies are a niche product that sometimes garners large headlines," Quarles said. He warned that digital currencies could pose "serious financial stability issues" if they became widely used. A Bank of England official on Wednesday downplayed the risks of the cryptocurrency, but urged caution nonetheless. "This is not at a size w Continue reading >>

Millennials Ride The Bitcoin Rollercoaster: I Just Did It Kind Of Blindly

Millennials Ride The Bitcoin Rollercoaster: I Just Did It Kind Of Blindly

Bitcoin Rollercoaster Rollercoaster GIF from Rollercoaster GIFs My coworkers kept talking it up and saying oh my gosh, were making so much money, its doing so well, did you check it today? saidRequiestas. She wasnt the only one caught up in the flurry. Coinbase the major U.S. exchangeRequiestas opened an account with was adding hundreds of thousands of accounts per week. There was money to be made, and there wasnt time to sit on the sidelines. Cole Peterson told TheWrap as much. The 17-year-old high schooler from Irvine,California, said he went all in on bitcoin, along with a few other cryptocurrencies, around the same time. Hed made about $3,000 selling items on eBay, and wanted to be part of the next wave in technology. His dad and brother followed suit. Soon, watching his net worth balloon (in between applying for colleges) became a major rush. Visions of buying a new car danced in his head. Also Read: Snapchat Adds More Data to Win Back Influencers From Instagram You become sucked into it, and it moves very fast. Its 24/7, unlike the stock market, Peterson told TheWrap. Theres definitely a major emotional component to it. Greed became something that was very prevalent in daily life and I didnt think it was going to slow down you become a little bit irrational. That energy from Millennial and Gen Z investors is to be expected, according toGregory La Blanc, professor at the Haas School of Business at UC Berkeley. Part of its FOMO [fear of missing out], right? La Blanc told TheWrap. Everybody wants to be in on the next new thing. Everyone wants to be at the forefront, and no one wants to be a follower. [Cryptocurrency] offers a lot of excitement, and thats exactly what you need if youre going to build something up. You need a little bit of irrationality, of overoptimi Continue reading >>

Bitcoin's Rollercoaster 2017: What's Happened So Far

Bitcoin's Rollercoaster 2017: What's Happened So Far

Bitcoin's Rollercoaster 2017: What's Happened So Far Jan 5, 2017 at 19:15 UTC|UpdatedJan 6, 2017 at 14:03 UTC 2016 may have been a dynamic year for the price of bitcoin, but 2017 is shaping up to be a dramatic one already. Bitcoin's race past $1,000 (and subsequent gyrations above and below that line) have already sparked headlines (both good and bad) worldwide, as today's dramatic fall from above $1,100 drove a massive influx of interest in the the digital currency. If you're just tuning in to the action, you may be wondering how things got to this point in the first place. To get you up to speed, it may be helpful to look back at the past week's major price developments that took exchange markets near new all-time highs - and, as today showed, dramatic lows. Here's the blow-by-blow for 2017 thus far: The year got started with a bang on 1st January, when the price of bitcoin crossed the $1,000 mark. After spending the day approaching that level - climbing as high as $999 before settling back down - the price climbed to its then-highest point since January 2014. The movement was notable given less-than-average trade volume figures at the time. Conversely, in the days before, bitcoin prices had approached (but not quite exceeded) $1,000. Things began heating up within a few short days. As reported by CoinDesk on 4th January, early trading this week saw the digital currency's price drift ever higher after crossing the $1,000 line. A high of $1,060 meant that the price was inching closer to its all-time high of $1,165.89, reached on 30th November, 2013, according to data from the CoinDesk Bitcoin Price Index (BPI). It was during this time as well that mainstream media sources, including The New York Times and The Washington Post began taking note, which continues to today Continue reading >>

Bitcoin's Rollercoaster Ride: $50 Billion Wiped Off Before Cryptocurrency Bounces Back

Bitcoin's Rollercoaster Ride: $50 Billion Wiped Off Before Cryptocurrency Bounces Back

Bitcoin's rollercoaster ride: $50 billion wiped off before cryptocurrency bounces back Bitcoin's rollercoaster ride: $50 billion wiped off before cryptocurrency bounces back Bitcoin is proving that investing in digital currencies isn't for the faint of heart. After plunging as much as 29 per cent from a record high following the cancellation of a technology upgrade on November 8, the largest cryptocurrency came roaring back in early trading Monday before fluctuating between gains and losses. "Crypto trading is not for the novice investor," said John Spallanzani, chief macro strategist at GFI Securities in New York. While multiple reasons are being cited for the price volatility, one of the more viable is that some investors are switching to alternative coins. Bitcoin cash, an offshoot of bitcoin that includes many of the technical upgrades being debated by developers, has more than doubted in the same period. Experts say novice investors should steer clear of bitcoin. "We have seen similar steep falls in bitcoin throughout the year - specifically in June and September - but every time a considerable decline occurs, new investors jump in to experience the new asset class," Hussein Sayed, chief market strategist at ForexTime, a currency broker that uses the brand FXTM, wrote in a note Monday. While markets had been focusing on bitcoin's more than 500 per cent surge this year, bitcoin cash was gaining popularity because of its larger block size. That's a characteristic that makes transactions cheaper and faster than the original. When a faction of the cryptocurrency community cancelled plans to increase bitcoin's block size on Wednesday - a move that would have created another offshoot - some supporters of bigger blocks rallied around bitcoin cash. The resulting volatilit Continue reading >>

Bitcoin Dives Under $8,000 Again

Bitcoin Dives Under $8,000 Again

It's been an exciting weekend in the world of cryptocurrencies. On Friday, Bitcoin and all other major coins plummeted double digits according to CoinMarketCap , following an onslaught of bad news about stricter regulations, grim predictions and nasty scams. Then, after reaching a low of roughly $7,800, Bitcoin rebounded and other coins followed; on Sunday, Bitcoin was trading at over $9,300, and the total cryptocurrency market cap was more than $450 billion again. But come Monday and Bitcoin is testing new lows. It is currently trading at $7,762, down 11.3 percent in the last 24 hours. The second largest cryptocurrency by market cap, Ethereum, is down 12.5 percent and is trading at $781, and the third, Ripple, is down 13 percent and is trading at $0.77 per coin. SEE ALSO: Bye-bye, Bitcoin. It's all about bananacoins. The price movement is likely the result of the bad news that's been mounting for months. But the week started with more cryptocurrency FUD (fear, uncertainty, doubt). On Monday, the South China Morning Post quoted Financial News, a publication affiliated to the Peoples Bank of China (PBOC), which said China will take additional steps to ban cryptocurrency trading in the country. To prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs, the Financial News wrote. In September last year, China banned crypto trading , but many traders found ways to circumvent the measure, either trading OTC (over the counter) through social media platforms or through overseas platforms. And over the weekend numerous banks including Lloyds Banking Group, Bank of America, Citigroup, JP Morgan, Capital One, and Discover have made it impossible to purchase Bitcoin with their credit cards. While Continue reading >>

Bitcoin Price Took Thousands Of Newbies On A Rollercoaster Ride As It Broke $11,000 Then Fell Quartz

Bitcoin Price Took Thousands Of Newbies On A Rollercoaster Ride As It Broke $11,000 Then Fell Quartz

Another popular wallet service, Blockchain.info, reported over 120,000 new users yesterday, according to investor Jeremy Liew who is also well-known for being Snapchats first investor. . @Blockchain added 120k+ new users yesterday (thats more than the population of Berkeley!) and sent 6X Venmo's transaction volume. This #bitcoin thing. I thinks its going to be big Jeremy Liew (@jeremysliew) November 29, 2017 As the bitcoin price rose and new users flooded into the markets, trouble struck. Coinbases US-based exchange went down, alongside two other major exchanges, Bitstamp in Slovenia, and Gemini, which is operated by the Winklevoss twins, in the US. Some users were unable to load the websites. According to Coinbase , the record traffic caused its services to slow down. Gemini reported performance problems due to an influx of web traffic. Bitstamp didnt provide an explanation for its service disruption. The bitcoin price declined steeply as the exchange outages prevented some traders from accessing their accounts. In about three hours, the price plunged 18%, from $11,400 to $9,300. Coinbase and Gemini restored their services in about 10 hours, while Bitstamp resumed its service in about an hour. Bitcoin is now trading at $9,900, or down 0.7% over the last 24 hoursits almost like nothing even happened. Continue reading >>

Don't Ride Bitcoin Roller Coaster Blind | Coach Investing

Don't Ride Bitcoin Roller Coaster Blind | Coach Investing

Too many people are riding the bitcoin roller coaster blind. Owning an asset and not fully understanding its worth, or even attempting to determine its worth, and risks is like riding a roller coaster blind. You only know if you are going up or down as you feel the rush of gravity. This is an unsound way to invest, unless you are just in bitcoin for entertainment. Below, I provide a framework for valuing bitcoin; I provide a detailed look at the upside and downside of an investment. Bitcoin may have a value, like a currency, if it is a store of wealth and can be used as a medium of exchange. Given this, we can value bitcoin based on its potential share of money supply. Money supply is measured in several ways . M1 includes the sum of currency held by the public and transaction deposits at depository institutions. Clearly, these funds are readily available to make purchases (i.e., a medium of exchange). M2 is a broader definition, and includes M1 plus savings deposits, small-denomination time deposits, and retail money market mutual fund shares. These funds are also reasonably liquid, so they are also relevant as a medium of exchange. Money supply growth times the velocity of money how many times money is used to make transactions equals nominal GDP (figure 2). GDP essentially measures sales of an economy, and one needs money to transact these sales, so money supply has value. However, the value of that supply can erode with inflation. Figure 3 shows that if M2 grows more quickly than real GDP then inflation normally rises (possibly with a lag). Thus, it is unusual that inflation has been tame (velocity has declined) in the face of massive QE in the US and around the world. While it is a littlebit of a stretch, fear of currency debasing could be one benefit of and a dri Continue reading >>

S. Korea Govt Sends Bitcoin On Rollercoaster Ride

S. Korea Govt Sends Bitcoin On Rollercoaster Ride

S. Korea govt sends bitcoin on rollercoaster ride Bitcoin plunged 18 percent after South Korea said it was preparing to shut down cryptocurrency exchanges in the country Bitcoin and other virtual currencies were sent on rollercoaster rides in South Korea Thursday as the government said it was planning to ban cryptocurrency exchanges, before later backtracking. Justice Minister Park Sang-Ki said Seoul was preparing a bill to shut down the country's virtual coin exchanges, sending bitcoin and other virtual unit prices into a tailspin. "The ministry is preparing legislation that basically bans any transactions based on a virtual currency through the trading floor," he told journalists. Authorities had "grave concerns" over the craze and were "aiming to close virtual currency exchanges" in the country, he said. "It has started to resemble gambling and speculation," Park added, citing the fact that bitcoin prices are higher in South Korea than globallythe so-called "kimchi premium". The hyper-wired South has emerged as a hotbed for cryptocurrency trading, accounting for some 20 percent of global bitcoin transactionsabout 10 times the country's share of the world economy. A series of measures have failed to curb overheated virtual currency speculation in the country and Park said it would be "devastating if the bubble bursts". His remarks sent bitcoin prices plunging 18 percent on South Korean exchange Bithumb, while ethereum slumped 23 percent. Investors flooded the presidential Blue House website with hundreds of online petitions against the shutdown, which was swiftly reversed. A shutdown was "one of the measures that have been prepared by the justice ministry", chief press secretary Yoon Young-Chan said in a statement, "but it is not a finalised decision". Cryptocurrenci Continue reading >>

Bitcoin Slides Amid Rollercoaster Ride

Bitcoin Slides Amid Rollercoaster Ride

These are external links and will open in a new window The price of digital currency Bitcoin has fallen sharply in a period of wild trading since it passed the $11,000 mark a day ago. Bitcoin is now around $9,600, down about 16% from the record $11,434 (8,500) it hit on Wednesday. The digital currency is used by some people to pay for things online, but most users see it as an investment. On Wednesday, a Bank of England deputy governor warned "investors should do their homework" on Bitcoin. There are two key traits of Bitcoin: it is digital and it is seen as an alternative currency. Unlike the notes or coins in your pocket, it largely exists online. Secondly, Bitcoin is not printed by governments or traditional banks. A small but growing number of businesses, including Expedia and Microsoft, accept bitcoins - which work like virtual tokens. However, the vast majority of users now buy and sell them as a financial investment. At its peak, Bitcoin had increased by 1,000% from the $1,000 value at which it started the year. Bitcoin is "prone to wild swings", partly because it is not well regulated and because there are fewer traders, said Dr Garrick Hileman of the Judge Business School at University of Cambridge. The trading over the past day "was a rollercoaster like nothing I've ever seen," said Neil Wilson, a financial analyst at ETX capital in London. He said part of the volatility was due to small investors "with no market experience" buying and selling the coin. "There is no way to discern what fair value is - it's so incredibly speculative and it is so new and not properly understood." Critics have said Bitcoin is going through a bubble similar to the dotcom boom, whereas others say it is rising in price because it is crossing into the financial mainstream. On Thursd Continue reading >>

Bitcoin's Recent Rollercoaster Ride And Its Price Direction For March 2018 - Bitcoinist.com

Bitcoin's Recent Rollercoaster Ride And Its Price Direction For March 2018 - Bitcoinist.com

It was less than one month ago that the cryptocurrency world was in a panic and Bitcoin was plummeting from a high in December of almost $20,000 to a low in February of under $6,000. Now less than one full month later Bitcoin has rebounded surpassing the $11,000 mark on Friday, March 2, 2018. According to Coinmarketcap , on December 16, 2017, BTC peaked at a high of over $19,500 depending on the exchange purchased at. This is in stark contrast to the price of under $6,000 that was touched briefly on February 6, 2018. Here the cryptocurrency world resides almost one month later to the date and Bitcoin is trading at just over $11,000. Volume happened to be particularly low especially for following the Chinese New Year but this can be attributed to most individuals trading in and out of BTC using USDT. With Bitcoin being almost 100% higher than it was less than a month ago, many investors have their funds sitting on the sideline in USDT (Tether) waiting for another minor dip to purchase more BTC. Rumors continue to swirl regarding Tether and their legitimacy, and this remains a concern. Tether, which is supposed to not be volatile, may suffer greatly from the U.S. ongoing investigation. If Tether has negative news or the BTC dip does not occur, these investors will be very disappointed that they missed the pump heading into TokenFest, San Francisco. TokenFest is taking place March 15, 2018, and will be one of many catalysts pushing the price of BTC higher in the coming month. Bitcoin should continue its rebound with major events paving the way for its success in March. To determine future success, it is important to analyze the past while looking toward the future. Bitcoin is up over 20% for the week having touched a low of $9,300 in the last seven days. The last 24 hours Continue reading >>

Bitcoin's Rollercoaster Ride Is Starting To Get Scary

Bitcoin's Rollercoaster Ride Is Starting To Get Scary

Bitcoin's Rollercoaster Ride is Starting to Get Scary Is this rollercoaster ride getting too high? Bitcoins rise may be leading to vertigo. As Bitcoin skyrockets towards $10,000, having hovered around $800 in January this year, people are rejoicing and celebrating the wild ride. However, as the rollercoaster seemingly only continues ticking upwards, there have to be some nagging questions. Bitcoin has received more and more good news, especially when it comes to adoption . News about ETFs and Futures has attracted many Wall Street bankers, and all their institutionalized money flows into the digital currency realm. The ease and availability of Bitcoin is fueling adoption and that in turn is fueling the demand and price. Of course, this sparks the bubble argument up every time, but there are other things to be trepidatious about. This pace of growth seems unsustainable, but that does not mean it will pop, perhaps just slow down; and there are a few things to consider. The rumors of Bitcoin ETFs and futures started circulating recently, and while they have moved on from rumors to confirmed, they have not yet been moved to being active. There is still some teething that needs to be done for futures, but when the system is up and running, it may be time to sell the news. The whole idea of buy the rumor, sell the news is an adage rooted in the Bitcoin world and has proved itself a number of times. Now, when it comes to these easily accessible forms of Bitcoin buying - and selling - the market could well get a lot more liquid. Liquidity and the buying and selling that will come with these options will not cause any damage to Bitcoin at all. However, what it could do is stabilize the volatility, which is a double-edged sword. Lower volatility means a flattening out - no more Continue reading >>

Bitcoin Roller Coaster

Bitcoin Roller Coaster

The story of the gif that keeps on giffing I created the Bitcoin Roller Coaster animated gif in early 2013. The inspiration came from all the talk of the price being a roller coaster ride. I posted it publicly in a few places: here on BrainlessTales.com, on the bitcointalk forums, and on reddit. The initial response was not great. Not too long after I created and shared the original other people began sharing it. In November of 2013 he made an appearance on bitcoinity as seen below. In 2014 fans of the gif began modifying it to suit the current price trend. 2014 into the beginning of 2015 was a major downturn in price as marked by these fan modified versions below. On January 6, 2017 the front page of r/Bitcoin went mad with the roller coaster. It was a really fun day full of ups and downs. The following day RT tweeted the original gif promoting a story about Bitcoin. On September 8, 2017 user, rgremill, posted his 3D printed Bitcoin Roller Coaster to reddit . I thought this was so awesome I contacted him, and he was gracious enough to print one and mail it to me ! This is the only place to buy official Bitcoin Roller Coaster merchandise. Please visit my Zazzle store through this site. I make more money if you enter the store from this page. :) Most items for sale are customizable in color, style, and size. Continue reading >>

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