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Topic: Bitcoin Price Crosses 600$,Rising 34% in one month | CoinDesk | #bitcoin - page 3. (Read 3409 times)

sr. member
Activity: 440
Merit: 250
ok dish is big company
but they not start accept nothing bahh

baidu is big company and also mega.co.nz
and now both not support bitcoin

its bot
full member
Activity: 378
Merit: 100
newbie
Activity: 42
Merit: 0
I already asked myself what could have caused the recent rise. Thanks for pointing me to that article. DISH is a big company. It feels like bitcoin is really approaching serious adoption.
sr. member
Activity: 440
Merit: 250
someone activate the bot  Cheesy
legendary
Activity: 1106
Merit: 1005
I just woke up and looked at bitcoinwisdom to see that big run up to 600. I wonder what caused that?
\

there's not always a cause, just regular market momentum.

It was bound to happen sooner or later
legendary
Activity: 2114
Merit: 1040
A Great Time to Start Something!
I just woke up and looked at bitcoinwisdom to see that big run up to 600. I wonder what caused that?

what caused that?
More buyers than sellers!  Cheesy
Seriously, there has been a real flood of good news the last ~6 weeks. These are very exciting times for Bicoin.
(For example) Dish Network accepting Bitcoin was a recent major development.

sr. member
Activity: 476
Merit: 256
This graph has again proved itself to be true...


1500 before next crash then? Sweet. Smiley
legendary
Activity: 2366
Merit: 1204
The revolution will be digital
This graph has again proved itself to be true...

sr. member
Activity: 476
Merit: 256
Just lovely to see the price rise once again, was mind numbing watching it at 400 for so long. Let's hope it keeps rising. Smiley
hero member
Activity: 896
Merit: 1000
Bitcoin Back To Rock On
#BBTRO
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
good "old" bitcoin times are back  Tongue
legendary
Activity: 1722
Merit: 1004
Nice article, but it's about the long-term prospect. The longer bitcoin continues to simply exist, the more people see it's potential as an asset-class alongside (or in place of) gold....with a huge kicker; namely that it's *actually* useful as money in our modern, electronic, internet-centric, globally-connected economy!

There are probably lots of people who see the above potential, but who also recognize simply that bitcoin is a new technology, and there is therefore some existential risk to it. But as noted, the longer it simply exists and continues to work, the more those concerns take a back seat in people's mind to the asymmetric value prop that bitcoin offers; ie, either a >>10x rise from here, or drop to 0. As time goes by, the probability of the latter goes down, so the position becomes more +EV for more people's risk profiles.

sr. member
Activity: 280
Merit: 250
Knowledge is Power
I just woke up and looked at bitcoinwisdom to see that big run up to 600. I wonder what caused that?
hero member
Activity: 896
Merit: 1000
The price of bitcoin has increased above $600, rising over 7% in the past 24 hours and 34% in a month.

The last time the price was over $600 was 21st March, during a gradual decline that eventually saw the value reach a low of $344 on 11th April.

For the majority of this month, the price has ranged between around $418 and $453, beginning to rise above this level the week after the Bitcoin2014 conference in Amsterdam.


The price of bitcoin topped $600 today.
This week’s price increase follows the news that US satellite service provider DISH Network is to start accepting bitcoin payments later this year.

DISH Network Corporation, which employs more than 30,000 people, has more than 14 million customers and reported revenue of $13.9bn in 2013.

This makes it the largest company, to date, to accept bitcoin. Previously, online retailer Overstock was the largest, with revenue of $1.3bn in 2013.

Bernie Han, executive vice president and chief operating officer at DISH, said: “Bitcoin is becoming a preferred way for some people to transact and we want to accommodate those individuals.”

DISH has chosen Coinbase as the company that will process its bitcoin payments. Coinbase claims to currently have around 32,000 businesses on its books, with competitor BitPay citing a similar figure.


Courtesy Link 'http://www.coindesk.com/bitcoin-price-crosses-600-rising-34-one-month/'
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