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RE: Bitcoin: Just a retest or start of a larger correction?
Bitcoin will continue to go up, I have no doubt in that. And news like this also help:
"Ex-Expedia CEO and Bitcoin-friendly Dara Khosrowshahi has landed the new CEO role at Uber - which is leading some cryptocurrency specialists to speculate that the ride-sharing giant will soon accept Bitcoin as a form of payment."
Source
If one giant company stands behind Bitcoin, then others will start too.
Thanks for the tip - that could be HUGE!
Too bad they will probably use BitPay so users will have to pay approx 1.5x the tx fees - since BitPay now passes the network fee that they pay for consolidating payments into a single input on to users. How many people would actually make use of this if they have to pay something like $5 in fees to make a payment - although I would hardly be surprised if the markets disregarded that detail.
The fact that the Moscow Stock Exchange is rolling out infrastructure to allow trading of cryptocurrencies (although it looks like they will be limiting participation to accredited investors) is this weeks HUGE news IMO.
I'm not sure Moscows love affair with crypto is a good thing for people in the west ... if Russia is seen to be attempting to bypass western sanctions through cryptocurrency, western governments could well try to outlaw it ... What I'd really like to see is a small Western nation less heavily regulated than the US ie NZ or Aus, dive in and launch an ETF
Once ole Bitcoin's faster transaction speeds kick in at full force, there will be no stopping it, so I see nothing but clear skies for the flight of Bitcoin going forward. 💰
Microsoft accepts Bitcoin - how much bigger do you want? So do Expedia, Dish Network, and Overstock. All of them have for some time now. Unfortunately, thanks to the fact that the community allowed Blockstream to co-opt Bitcoin's development, the number of companies that have stopped accepting it this year is considerably higher than the number which have started (or will start, I expect).
More people probably do now with XBox live etc, but I've personally never bought anything directly from Microsoft. I've caught a ton of ubers though :)