Gold Silver Reports – Crypto Proxy Stocks Rally as Bitcoin Rebounds Above $16,000 — Bitcoin’s rebound from a five-day rout has drawn investors back to stocks related to cryptocurrency and blockchain technology.
Cryptocurrency
Get the live news on Cryptocurrency and stay up-to-date on major report crypto like Bitcoin, Ripple, Ethereum, and more at GoldSilverReports.com
Cryptocurrency is a type of digital currency that generally only exists electronically. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created.
Bitcoin Climbs, Finding Floor After Worst Selloff Since 2015
Gold Silver Reports – Bitcoin clawed its way upward on Saturday along with most cryptocurrencies, halting a four-day tumble that drew worldwide attention to the unregulated $500 billion market that’s frequently called a bubble.
Cryptocurrency Trading Tips-Bitcoin Is So 2017 as Ripple Soars at Year End
Gold Silver Reports — Cryptocurrency Trading Tips-Bitcoin Is So 2017 as Ripple Soars at Year End – The rout in cryptocurrencies isn’t sinking all boats. Ripple, which uses a network of nodes that includes financial institutions to validate transactions, has sustained the advance for its XRP currency as it reports interest from financial institutions and concern mounts over the costs of bitcoin mining.
See Bitcoin as a Lottery, Not an Investment
Gold Silver Reports – See Bitcoin as a Lottery, Not an Investment – A tea seller in Mumbai’s newest corporate hub claims to have bought 4 bitcoins, at Rs1 lakh each, in May 2017. He is already sitting on a handsome profit, given the price of Rs13.64 lakh per bitcoin—as per Coinome as on 19 December. However, he says he will wait till next year when the price would be around Rs15 lakh a bitcoin. On being asked how he knows for sure that the price will move to that level, he responded with an assured, “Aap dekhna (you’ll see).”
Bitcoin Fascination Feels Like ‘Speculative Mania,’ RBA Says
Gold Silver Reports – Australia’s central bank chief made a scathing assessment of Bitcoin, saying the cryptocurrency that’s soared above $17,000 is more likely to appeal to criminals than consumers.
Bitcoin Futures Trading Opening Brings Crypto to Wall Street
Gold Silver Reports – Bitcoin Futures Trading Opening Brings Crypto to Wall Street – Bitcoin has landed on Wall Street, and it was welcomed by traders. Cboe Global Markets Inc. started letting people buy and sell bitcoin futures Sunday evening.
Bitcoin Looks like Bubble, New Zealand’s Central Banker Warns
Gold Silver Reports – Bitcoin spectacular gains look like a speculative bubble and the cryptocurrency is too unstable to be useful in the future, New Zealand’s central banker said.
A Winklevoss sees Bitcoin Surging as much as 20 Times Higher
Gold Silver Reports – Cameron Winklevoss, thought to be one of the largest holders of bitcoin, thinks the cryptocurrency’s blazing gains this year are just the start. He predicts it will rise as much as 20-fold as investors come to view it as an upgrade to gold.
Bitcoin and Gold: A Growth Comparison | Gold Silver Reports
Gold Silver Reports – Bitcoin and Gold: A Growth Comparison – An inherent tension exists between the two major purposes of money. Currencies that are perceived as great stores of value, such as gold and bitcoin, make for poor mediums of exchange. By contrast, currencies that are effective mediums of exchange, such as fiat currencies used the world over, can make for dubious stores of value. Where a currency falls on the store of value versus medium of exchange spectrum influences its usefulness as a unit of account and a standard of deferred payment.
Bitcoin Breaches $13,000 as Futures Move Closer to Reality
Gold Silver Reports – Bitcoin topped $13,000 for the first time, pushing this week’s gains to more than 30 percent amid speculation that the use of futures will help make digital currencies a legitimate asset class for mainstream investors.