January 5, 2015 - In This Issue:

 

 

 

 

 

 

 

 

 

10 Bitcoin Resolutions for 2015

A lot can happen in 365 days.

 

A year ago, 1 BTC was worth $770, governments around the world were either terrified of bitcoin or laughed it off as a passing fad and it was a lot harder to find a place to spend your bitcoins.

 

Today, you can buy a bitcoin for $316, governments and financial institutions are starting to understand the disruptive potential of the bitcoin protocol and digital currencies, and bitcoin shopping options are no longer limited to alpaca socks..

 

In the spirit of making resolutions for the new year, members of the bitcoin community should look at 2015 with a fresh perspective. Surely we've all gone through the phases of first learning about bitcoin, becoming enamored with the idea of digital currencies and then perhaps even a bit jaded at times.

 

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Would the Bitcoin Make a Comeback in 2015?

A year ago, investors could buy 1 BTC for $770 and today one can buy it for $316. This is indicative of the massive volatility that has been witnessed on the Bitcoin exchanges over the course of one year.

 

 Bitcoin became one of the worst performing asset classes of the year which was seen as a huge negative.  As the industry steps into another year, there are a few things that have started looking up for the digital currency. Many industry experts believe that Bitcoin might have finally seen some degree of stabilization and could be on the verge of price discovery which is being seen as a huge positive.

 

A year ago government agencies around the world mocked the Bitcoin industry as a whole and called it a passing fad. Over the course of the year, financial institutions started understanding the disruptive abilities of the digital currencies. Many more retailers have started excepting Bitcoins as a form of payment which has given users to use Bitcoins for various reasons than just transferring money online in an anonymous manner. The vote of confidence from companies like Microsoft, Ebay and Dell has helped Bitcoin stand in good stead.

 

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Bitcoin's absolutely terrible, horrible, really good year

Any way you slice it, bitcoin had a crap year, and grew by leaps and bounds while doing so.

 

Bitcoin was the worst investment of the year, falling from over $900 per coin at the beginning of the year to approximately $330 today, as Matt Phillips reported last week in Quartz. Even Russia's ruble and Greece's Athex Index were better investments than bitcoin, at the time of this report.

 

But when it comes to adoption by merchants, bitcoin had a very, very good year, in spite of the negative price growth. Which in a way, makes the adoption even that much more impressive.

 

Read More... 

Would the Bitcoin Make a Comeback in 2015?

A year ago, investors could buy 1 BTC for $770 and today one can buy it for $316. This is indicative of the massive volatility that has been witnessed on the Bitcoin exchanges over the course of one year. Bitcoin became one of the worst performing asset classes of the year which was seen as a huge negative.  As the industry steps into another year, there are a few things that have started looking up for the digital currency. Many industry experts believe that Bitcoin might have finally seen some degree of stabilization and could be on the verge of price discovery which is being seen as a huge positive.

 

A year ago government agencies around the world mocked the Bitcoin industry as a whole and called it a passing fad. Over the course of the year, financial institutions started understanding the disruptive abilities of the digital currencies. Many more retailers have started excepting Bitcoins as a form of payment which has given users to use Bitcoins for various reasons than just transferring money online in an anonymous manner. The vote of confidence from companies like Microsoft, Ebay and Dell has helped Bitcoin stand in good stead.

 

Read More... 

California Approves Bitcoin for Transactions

California has now become "Crypto-rnia".

 

The state's governor Jerry Brown has approved bitcoin for transactions, thus making California a sturdy haven for digital currency.

 

The news comes following the ratification of a new finance bill originally approved in the summer of 2014.  The bill's objective was to end all prohibitions on alternatives to U.S. dollars for commerce in the state.  Through the bill's official ratification, alternate currencies (including bitcoin and related virtual monies) are hereby permitted for transactions at the legislative level.  Prior, only USD was recognized as an acceptable form of currency.

 

In a country that is split right down the middle on the subjects of cryptocurrency and bitcoin, California is now one of the "friendlier" bitcoin states for digital enthusiasts.

 

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