Tag Archives: money

Bitcoin state of mind

Bitcoin is back in the news, as some moves cause the value to rise again in November to over 400 USD.(http://www.coindesk.com/price/) Speculations on different causes exploded in the bitcoin and financial communities, and of course the bitcoin demise profeets made a comeback to once again declare that this is a.. bubble! a ponzi scheme! that it …

Why Bitcoin is only headed up

Bitcoin had a rocky start, But since it took off nearly 6 years ago (3 January 2009), It always stayed on course of a single direction over time and obstacles: Upwards. It got a lot of bad reputation due to its use in criminal enterprises as well as the frauds committed along the way by various con-men …

Bitcoin Outlawed

Bitcoin being outlawed is not a new thing. The new-ish digital currency had many bumps on the road since it’s inception back in 2009. One of the first that actually outlawed it, was Iceland which used an existing legislation made in 2008 to protect the local currency (Krona) against value loss. Bitcoin is illegal to …

HYIP dry/crash season

As you may know, I’ve been doubling with HYIP Websites for the last few months. Just as the name implies, these are risky programs and are close neighbors (for the most if not the whole part) of the Ponzi Scheme. And, as it turns out, the summer months (June-July-August) are the dry and riskiest season …

Drops and Bits of Bitcoin

On the regulation front, Wallstreet Journal reports that France is planning to implement new rules for financial institutions (like banks, investment houses, money exchanges, and any other possible bitcoin distributor) that will force them to collect and verify the identities of their users before opening any accounts for them to trade/buy/sell Bitcoin. These new rules …