Top news and views about Bitcoin and Cryptocurrency for 21 Mar 2017
Bitcoin Price Rise A Boom, Not A Bubble: Boombustology Author
The author of a book about identifying bubbles has argued that the rise in Bitcoin price which has recently seen it overtake its previous all-time high, is progressing with little signs of being a bubble in danger of popping soon.
There have been several issues raised about Bitcoin price rising. The buzzword in most instances has been “bubble” - a situation that is isolated from reality and not likely to last.
In the case of Bitcoin, reference has always been made to the 2013 spike in its price when it shot to as high as $1149 before it slumped back to about $197 slightly over a year later, according to figures from CoinMarketCap.
Vikram Mansharamani used the framework for identifying bubbles as stated in his 2011 book Boombustology: Spotting Financial Bubbles Before They Burst, to note that today’s Bitcoin market exhibits fewer than two of the five major features of a fully inflated bubble.
Full story at http://bit.ly/2nELtOC
Bitcoin, Ethereum Fees Now for Users to Pay: Coinbase
Coinbase has announced it will charge users a fee to send both Bitcoin and Ethereum due to what it calls “significant costs.”
In an update about its “spring cleaning” Wednesday, the exchange and wallet provider said it would no longer pay Bitcoin and Ethereum network miner fees from March 21.
The post states:
“We now have over six mln users worldwide, and this has become a significant cost. Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction.”
Full story at http://bit.ly/2nEVmvC
Coinbase To Verify Your ID With Live Webcam – Bail Now From Centralized Exchanges
The freshly-licensed Coinbase is a bellwether of what to expect from centralized bitcoin exchanges. This is true not only in the U.S. but wherever regulation forces exchanges to serve the state and crony-banking system from which bitcoin offers escape.
No wonder decentralized exchanges, like Localbitcoins, are breaking their own volume records on a weekly basis. The peer to peer exchanges are imperfect. But for the cautious and the informed, they are a return to the privacy and financial freedom that made bitcoin a beacon.
Full story at http://bit.ly/2nCt0iw
Ethereum Price Surge Is Due To One Singular Factor
Most top altcoins have experienced an upsurge within the last couple of weeks. Amid a booming altcoin scene, Bitcoin has sunk to a record low in terms of its share of the cryptocurrencies market, sitting at just 70.5 percent as of Friday.
There seems to be no pattern, though, in price movements among the top cryptocurrencies.
Full story at http://bit.ly/2nEUFm9
Prepared by @SydesJokes
Original post from: http://CrowdifyClub.com/SydesJokes
Up's and Down's with Digital Currencies, Gold, Silver and Fiat Currencies, like being on the swings and slides. Hang in there with Bitcoin, it is going to be a great asset to have IMHO @sydesjokes