While Bitcoin has passed $30 billion in total value circulating, remember that Apple could buy all Bitcoins 8 times over with its cash! Even if you would own all Bitcoins, you could only buy one of these:
- 2x twitter
- 50% paypal
- 6% facebook
- 4% google
- 0.4% of the world's gold.
So there's still much room for growth.
Below you can find my Bitcoin news roundup for today, May 11, 2017.
Ulmart, Russia's largest online retailer, plans to start accepting bitcoin
Ulmart, Russia's largest online retailer, plans to start accepting bitcoin as a form of payment from 1 September, 2017 as technology has continued to evolve and blockchain has arguably become even more important than the currency it created.
Read more: prnewswire.com
Regulations for Chinese Bitcoin Exchanges Expected in June, Withdrawals Could Soon Follow
Following the inspections by the People’s Bank of China (PBOC) which started in January, Chinese bitcoin exchanges halted bitcoin withdrawals. Now that the inspections are near completion, regulators are reportedly preparing to issue regulatory guidelines for all bitcoin trading platforms in China. These documents are expected to be released in June and withdrawals could soon follow.
Read more: bitcoin.com
Bitcoin's Volatile Trading In Asia Tells Us A Lot About Local Banking Systems
As Bitcoin gains significant traction in Japan and Korea and its price once again rallies to new highs, the currency is revealing some friction in Asia’s banking systems not easily visible to outsiders before.
Read more: forbes.com
Japan to Receive Its First Interest-Paying Bitcoin Deposit Accounts
A little over a month after Japan declared the digital currency bitcoin (BTC) to be an officially recognized legal payment method, the Japanese bitcoin exchange Coincheck has announced the first interest-paying bitcoin deposit accounts for the Japanese market.
Read more: bitcoinmagazine.com
Bitcoin To Become ‘Just Like Money’ In Australia July 1
Australia has officially confirmed it will treat Bitcoin “just like money” from this year and it will no longer be subject to double taxation.
Read more: cointelegraph.com
Don’t Buy Bitcoin! Says German Central Bank
Bitcoin community is rejoicing due to the recent market activities, especially yesterday’s surge in cryptocurrency’s price which broke all the previous records. However, Germany’s Central Bank or at least few of its board members don’t seem to be enjoying the price rally.
Read more: newsbtc.com
Japanese Internet Giant GMO is Launching a New Bitcoin Exchange
Japanese internet conglomerate GMO Internet Co., Ltd is launching a bitcoin trading platform on May 24th. The internet giant is one of many Japanese companies looking to capitalize on booming demand for digital currencies in the world’s biggest bitcoin trading market.
Read more: cryptocoinsnews.com
Bitcoin Q&A: What is the role of nodes?
An interesting video by Andreas Antonopoulos on the role that full nodes play in security of the network.
My Bitcoin Technical Chart
I wouldn't buy here. Please read my previous post if you want to know why:
https://steemit.com/bitcoin/@penguinpablo/bitcoin-price-this-time-is-different
Wow! excellent graphics & info! thanks. Specially when comparing tops internet Co. with Bitcoin:
"While Bitcoin has passed $30 billion in total value circulating, remember that Apple could buy all Bitcoins 8 times over with its cash! Even if you would own all Bitcoins, you could only buy one of these:
2x twitter
50% paypal
6% facebook
4% google
0.4% of the world's gold.
So there's still much room for growth."
Very interesting comparison! upvoted, resteemed & retwitted!
@penguinpablo , in theory yes, but as soon as they tried to buy a large volume of it, it would immediately spike up the price of that available Bitcoin, but it would become incrementally harder and harder as they bought more driving the price higher and higher.... anyways, nice post.
full steem ahead!
Yes, absolutely true!
It's only theoretical. A (large) number of Bitcoins will never become available for sale so it's impossible to buy all Bitcoins in circulation. Even if you have an enormous cash pile of $256.8 billion as Apple has :)
Although it would be nice if they tried @penguinpablo ! hehehe
Sure! :-)
cracking round up there ! well done.. keep up the Stirling work / (wordplay on Sterling) ..or should that be keep up the Bitcoin work ;) i'll be checking back
£1450 !!!!!!! at this rate, I'll be retiring in 2019 ;) Thanks Peng
This post has been ranked within the top 80 most undervalued posts in the first half of May 11. We estimate that this post is undervalued by $11.26 as compared to a scenario in which every voter had an equal say.
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Thank you Pablo. This is indeed a very informative post. In regards to RSI, what do you think analyzing RSI 30, or you think it's better to stick to the RSI 14 that may reveal more details? Thank you.
Most traders use a period of 14 for the RSI indicator, but there's no magic number.
Of course not, yet I wish we had one? Thank you.