Get Started for FREE
Sign up with Facebook Sign up with X
I don't have a Facebook or a X account
 Your new post is loading...
Your new post is loading...
Scoop.it!
The cryptocurrency has continued to soar in value just weeks after hitting $20,000 for the first time. 
No comment yet.
Sign up to comment
Scoop.it!
Bitcoin continues to decline, amid reports that the US bank will shelve plans to establish a crypto trading desk.
Graham Watson's insight:
I've 'scooped' quite a lot about the Bitcoin bubble. Does this story spell the beginning of the end for the cryptocurrency? As it is, it's spooked investors, and seen demand fall, with obvious implications for price.
Scoop.it!
The Asian nation has been a big adopter of virtual currency, so developments there have a global impact.
Graham Watson's insight:
The BBC with a bit more detail about why the regulatory actions of South Korea have had such a significant effect upon the price of Bitcoin. In short, it points out that the South Korean economy is the third largest market for Bitcoin.
|
Scoop.it!
Has the notorious collapse in tulip prices been misunderstood?
Graham Watson's insight:
The classic 'bubble' Tulipmania is looked at by Tim Harford, and for those of you not familiar with it, it's well worth a read, as are many of the books that describe the era - Mike Dash's "Tulipomania", for example.
My favourite? Alexandre Dumas little-known "The Black Tulip"...
Scoop.it!
The bank stops its credit card customers buying the digital currency amid fears its value will keep falling.
Graham Watson's insight:
More Bitcoin, with Lloyd's Bank banning its credit card customers from using them to buy the cryptocurrency, as people start to worry about the bubble bursting. Last week, Bitcoin fell by 30% to just over $8,000, which itself is less than half of the $19,000 it was worth in November.
Scoop.it!
Bitcoin's price dropped by more than $1,000 in just one hour on Tuesday morning amid reports that governments in China and South Korea are planning further crackdowns on the digital currency.
Graham Watson's insight:
What goes up, must come down. This appears to apply to Bitcoin as much as it does to objects being affected by the force of gravity. As the article notes: "It has now lost 40pc of its value since its $20,000 high in mid December". The reason is simple D&S: fears of a regulatory backlash in a number of countries has meant that demand for the cryptocurrency has fallen...hence...
|
Demand and supply and Bitcoin - but what exactly are people investing in? And does it make any sense? Are they investing in something that only has value because other people also think it has value?
At what point does Bitcoin become a 'currency', if it isn't already?
Is 2021 the year of the cryptocurrency? I'm still not convinced, but then again, if I were an investor you might take this sort of advice seriously. I'm not: I'm an Economics teacher.