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Money Bitcoin whipsaws investors as 'mother of all bubbles' shows signs of bursting

04:16  05 february  2018
04:16  05 february  2018 Source:   brisbanetimes.com.au

Evidence Of A Bursting Bitcoin Bubble Is Piling Up

  Evidence Of A Bursting Bitcoin Bubble Is Piling Up Goldman Sachs sees bitcoin red flags everywhere.The 40 percent sell-off in bitcoin and other cryptocurrencies to start the year has once again sparked concerns among investors that a bubble in cryptocurrency prices may be bursting. Unfortunately for investors, Goldman Sachs analysts now say they see plenty of evidence that the cryptocurrency market is experiencing a textbook financial market bubble.

Bitcoin Bubble did it burst ? The Mother Of All Bubbles , When The Debt Bubble Pops It Will Be Sudden And Rapid Chris Martenson - Продолжительность: 38:44 Financial Alerts 2 767 просмотров.

Bitcoin whipsawed investors , falling below $US8,000 for the first time since November before recovering most of Friday's losses, as a Roubini said Bitcoin is the "biggest bubble in human history" and this " mother of all bubbles " is finally crashing, in an interview on Bloomberg Television.

© Bloomberg "Dr Doom" Nouriel Roubini: Bitcoin is the "mother of all bubbles".

Bitcoin whipsawed investors, falling below $US8,000 for the first time since November before recovering most of Friday's losses, as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry.

Since reaching a record high of $US19,511 on December 18 shortly after the introduction of regulated futures contracts in the US, Bitcoin has wiped out more than half its value amid waves of negative news.

Setbacks included escalating regulatory threats from authorities around the world including India, South Korea, China and the US, a record $US500 million heist at Japanese exchange Coincheck, fears of price manipulation and Facebook's ban on cryptocurrency ads.

Coincheck hacked in 'world's biggest cryptocurrency theft'

  Coincheck hacked in 'world's biggest cryptocurrency theft' One of Japan's largest digital currency exchanges says it is going to repay hundreds of millions of dollars worth of virtual money after hackers broke into its network.On Friday Coincheck exchange said on its website it had halted sales and withdrawals of a cryptocurrency called NEM after hackers stole a reported 58 billion yen ($660 million).

Bitcoin whipsawed investors , falling below $US8,000 for the first time since November before recovering most of Friday’s losses, as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry.

(Bloomberg) -- Bitcoin whipsawed investors , falling below ,000 for the first time since November before recovering most of today’s losses, as a Nouriel Roubini of Roubini Macro Associates said Bitcoin is the “ mother of all bubbles ,” and its bubble is now bursting , speaking in an interview on

Japanese authorities raided Coincheck's offices on Friday morning, a week after the robbery, hauling out documents and computers as evidence. The inspection was conducted to ensure security for users, Finance Minister Taro Aso said.

A collection of bitcoin tokens: The miserable year for cryptocurrencies continues.© Bloomberg A collection of bitcoin tokens: The miserable year for cryptocurrencies continues. "Bitcoin is in trouble," Lukman Otunuga, a research analyst at foreign exchange broker Forextime, wrote in a note Friday. "Price action suggests that bears are clearly in control, with further losses on the cards as jitters over regulation erode investor appetite further."

The largest digital currency dropped as much as 16 per cent to $US7,643, before trading at $US8,804.76 as of 10:45am Saturday AEST, according to Coindesk. Bitcoin is down 21 per cent on the week. Rival coins Ripple, Ether and Litecoin tumbled at least 28 per cent as losses continued to spread across cryptocurrencies.

Online bookie Neds takes bets in bitcoin

  Online bookie Neds takes bets in bitcoin Online bookmaker Neds has launched a platform enabling punters to use bitcoins to place their bets.Neds chief executive Paul Cherry said with bitcoin and other cryptocurrencies becoming more widespread and accepted, creating a gambling platform for them was an attractive idea.

NEW YORK— Bitcoin whipsawed investors , falling below ,000 (U.S.) for the first time since November before recovering most of today’s losses, as a miserable 2018 continued for cryptocurrencies, with investors confronting a mounting list of concerns about the future of the industry.

Bitcoin whipsawed investors , falling below ,000 for the first time since November before recovering most of Friday’s losses, as Nouriel Roubini of Roubini Macro Associates said Bitcoin is the “ mother of all bubbles ,” and its bubble is now bursting , speaking in an interview on Bloomberg Television.

Nouriel Roubini of Roubini Macro Associates, the high-profile economist dubbed "Mr Doom", wasn't mincing his words when it comes to the crypto boom and bust.

Roubini said Bitcoin is the "biggest bubble in human history" and this "mother of all bubbles" is finally crashing, in an interview on Bloomberg Television.

And it isn't just Bitcoin, Roubini added. There are more than 1,300 cryptocurrencies or initial coin offerings, and "most of them are even worse" than the largest digital token. These constitute a "a bubble to the power of two or three," he said.

He said "virtually every" Group of 20 country is talking about cracking down on the phenomenon as policymaker worries grow.

Blockchain has "been around for 10 years, and the only application is cryptocurrencies, which is a scam," the New York University economist added.

Bloomberg

Soros to Google and Facebook: 'Your days are numbered' .
Billionaire investor George Soros launched a scathing attack on tech giants at the Davos summit on Thursday, calling them monopolies that could be manipulated by authoritarians to subvert democracy. During an annual dinner he hosts at the World Economic Forum, held this week in the Swiss alpine resort, Soros turned his sights on a host of subjects including US President Donald Trump and the speculation frenzy surrounding the bitcoin cryptocurrency.

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