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Originally posted on Crypto Coin Post:
Bitcoin a Buy On Rumor, a Sell On News
July 25, 2014 by Eric Wagner
Image credit: Antana Coins
Over the past few months we have been reporting on a string of big wins and success for the nascent bitcoin. The biggest names in e-commerce and retail shopping have all begun to adopt the new currency and many more are expected to join the wave very soon.
In the past six weeks alone, bitcoin has received main street acceptance from such big names as satellite TV provider DISH, PC powerhouse Dell, global florist 1-800-Flowers, and small business software central Intuit Quickbooks.
Moreover, the bitcoin market was given a good jolt of enthusiasm after big tech entrepreneur turn political plunderer Tim Draper was revealed to be the winning bidder of the entire lot of Silk Road bitcoins confiscated by the Federal Government in the first ever US auction of bitcoins.
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