Bitcoin Going Nuts

This is a discussion on Bitcoin Going Nuts within the Cryptocurrencies forums, part of the Markets category; The sudden rally of bitcoin could well be something to do with the " blockchain " development, there was a ...

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Old Nov 6, 2015, 1:15am   #25
 
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The sudden rally of bitcoin could well be something to do with the " blockchain " development, there was a interesting article on the radio the other week regarding blockchain's..I dont fully understand how they work but apparently its the new" big thing"..

Not wanting to get left behind, its got the attention of some of the worlds major banks signing up too, Heres a link explaining it a little more...

https://bitcoinmagazine.com/articles...ide-1443553081
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Old Nov 6, 2015, 8:55am   #26
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Further to Mike's post above, this might shed some light on blockchain:

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Old Nov 6, 2015, 1:08pm   #27
 
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I did also read that the us government is selling off a large quantity of bitcoins which were seized by the FBI when they busted "silk road 2.0 " ( Online drug dealing site ) This also may of triggered a bullish rally on the stock..
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Old Nov 8, 2015, 10:36am   #28
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I did also read that the us government is selling off a large quantity of bitcoins which were seized by the FBI when they busted "silk road 2.0 " ( Online drug dealing site ) This also may of triggered a bullish rally on the stock..
But shouldnt that trigger a bearish reaction ... ?
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Old Nov 8, 2015, 11:27am   #29
 
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But shouldnt that trigger a bearish reaction ... ?
One would think so, but putting the stock in the public eye and also the government selling it may bring in investor's that would never concider the stock before, I personally wouldn't touch a synthetic made-up stock , it has all the hallmarks of the dreaded "colatrolised debt obligation" (cdo) that brought the financial crisis a few years back.
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Old Nov 8, 2015, 1:26pm   #30
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Just for context on where price is.
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Old Nov 10, 2015, 7:23am   #31
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One would think so, but putting the stock in the public eye and also the government selling it may bring in investor's that would never concider the stock before, I personally wouldn't touch a synthetic made-up stock , it has all the hallmarks of the dreaded "colatrolised debt obligation" (cdo) that brought the financial crisis a few years back.
Its not a stock its a currency
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Old Nov 10, 2015, 7:26am   #32
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Just for context on where price is.
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