We passed 600, what now?

Bitcoin has been on a steady climb since May 19th. We passed 500 which was quite a hurdle in terms of emotion. We were able to sustain high volume and are creeping up to the 1000 mark. Just today we hit 600 so what will happen now? As a disclaimer the following will be pure speculation and your comments are more than welcome in regards to this. Lets take a …
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Avoid Coin.MX it is the next MtGox, here is why

In this blog we do not try to hurt the reputation of any companies or falsely accuse them, but this issue has to be brought to light before CoinMX becomes the next MtGox and causes another crash in Bitcoin. What is CoinMX CoinMX is a site that allows you to instantly buy and sell Bitcoins using your credit card. It is similar to coinbase and virwox in that it allows …
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Coinffeine – Decentralized Trading Algorithm

The Problem Bitcoin and other cryptocurrencies are well known to be decentralized technologies. That means that the processing power of the network is spread across multiple points which reduces the chance of failure, security breaches, and obviously centralization. However, in this sea of decentralization there are centralized services which are powered by the distributed cryptocurrencies. One of such are exchanges. They are in essence centralized islands in a sea of …
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BTC-E Spike 5/30/14

spike on BTC-E 5/30/14   To The Moon Arize chicken If you are reading this right now and are trading on BTC-E this is an announcement that something big is currently happening. Either sell or buy before it’s too late because Bitcoin is on the move. Why is Bitcoin going up you might ask? checkout THIS article for one point of view. With all the good news, dish now accepting …
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