Such a Bitcoin surge would be the 5th wave top, with the 1st wave peak in late 2013 and the 3rd in late 2017. That would complete the first “Hype Cycle,” as Louis Basenese called it at our Irrational Economic Summit this year. Then we would see a bigger bubble burst back to $6,000 or so again. Bitcoin’s days are numbered – literally. Ex-Federal Reserve Bank examiner, Mark T.Williams even goes so far as to predict that Bitcoin will trade for under $10 by June 30, 2014. That’s a bold prediction, no doubt, but the point is clear – Bitcoin doesn’t stand a chance at ever gaining widespread adoption. Read More » 2. Louis Basenese Why Obama Was Bitcoin’s Worst Nightmare. Market Watch Here’s How Bitcoin Is Dwarfing Housing And Dot-com Bubbles. Forbes Trump’s Unpredictability Matched Only By That Of The Currency Markets. Market Watch As Bitcoin Flies Past $4,000, One Bull Now Targets $7,500 By Next Year. Fortune IRS Blinks In Bitcoin Probe, Exempts Coinbase Transactions Under $20,000. Fortune Risk Of ... Basenese asserts that Bitcoin holders can’t say they haven’t been warned. He explains, “Back in April 2013 – in an incredibly tragic twist of irony – Mark Karpeles, Chief Executive of the now-defunct Mt. Gox, said, ‘If you buy Bitcoins, you should [keep] in mind that the value could be zero the day after.’ Well, thanks to you, Mr. Karpeles, that day has officially arrived ... Louis Basenese [Editor’s Note: ... One of the coolest thingbs about Bitcoin is that it gets its value not from real-world items, but from codes. Sign Up for Our Newsletter. First Name. Last Name. Email address: Leave this field empty if you're human: Recent Posts. Latest; Popular; Inflation – Defined Correctly – Shows the “True” Picture . These 39 States Don’t Have Enough Money To ... Posted On Jun 21, 2014 By Louis Basenese [curated by Glen Brink for MyBitcoin Blog] The first cryptocurrency exploded on the scene back on May 22, 2010… That’s when a web developer purchased two Papa John’s pizzas using 10,000 units of Bitcoin. Bitcoin is a peer-to-peer digital currency — meaning there’s no middleman (the bank) getting in the way. Back in 2010, Bitcoin was trading ... There will soon be 260,000 stores in Japan accepting bitcoin using the Air Regi app. And in the Daily Reckoning, Louis Basenese writes: “There are now over 831 cryptocurrencies exchanging hands on the ‘open markets.’ The vast majority trade for just pennies, just like Bitcoin did back in 2010. That means there’s a chance to strap ... As Louis Basenese of Trefis Research notes, “the way Bitcoin was set up to work is for all of the accounting to be handled online (and publicly) with cryptography keys. Every time someone tries to spend a Bitcoin, a network of peer-to-peer computers – known as Bitcoin miners  – must verify the authenticity of each transaction” (2014). Market Analysis by Wall Street Daily (Louis Basenese) covering: Alphabet Inc Class A, Alphabet Inc Class C, BTC/USD. Read Wall Street Daily (Louis Basenese)'s Market Analysis on Investing.com
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