with so many good news... i dare you dumper... i dare you bahahahahaha
Elliot Insurance Brokers announced that it will now allow clients to pay for their insurance and other financial products through Bitcoin.
Good news is poison to Bitcoin.
rubbish
Good news causes movement. Lately (2014) that movement has been down. There are more traders who want to short the heck out of Bitcoin than people with deep pockets who believe in Bitcoin enough to put their money where their mouth is.
will that trend continue ?
Why would it? Rich people are rich because they have made more good investments than bad, so why would a majority of them choose to buy a depreciating asset with no other use case than speculation?
It cannot be reliably used as a currency. What other currency at the moment tends to drop 30% every time there is a day in a month? Russia? It´s illegal there.
Even Zimbabwe and Argentina look like safe havens compared to Bitcoin.
Store of value? Pfffff.... Bitcoin lost half its value since July, If that happened with any conventional store of value people with ak47s would take over the country(whichever country you live in).
If the price could stay still for 3-6months, or consistently climb slowly, Bitcoin could get swept up by the recent interest in mobile phone payment systems like those presented by PayPal and Apple, but that looks unlikely.
I don´t want this to be the case but all I see in this and other threads is either pictures of bears on railway tracks or astronauts drinking beer on the moon. Any reasonably convincing argument is hard to find.
