speculation

The hype for Bitcoin was almost oppressive earlier this year. I took a look and concluded it was too early to be a mainstream opportunity: it’s not consumer friendly, not widely accepted and worse, too extreme in its volatility for most to stomach.

Yet, hundreds of millions poured into Bitcoin – from rose colored speculators to blue chip venture capitalists.

Bloomberg’s recent study is a fresh reminder that hype does not always translate into immediate payoffs. Bitcoin was actually the worst performing currency of 2014, having lost 56% of its value from last year.

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In just 24 hours, Apple will hold their much anticipated event in which they are expected to announce the iPhone 6 and iWatch. I’ll be right there watching the live stream and will post about it. It’s going to be an exciting day. I’m excited.

But.

What I don’t get is the endless amount of coverage and last minute speculation. And from respected publications too. Going by just a selection of Techmeme headlines the past 48 hours:

“iPhone and ‘iWatch’ NFC payments to use tokenization technology, preferred by banks for its security benefits.”

“5.5-inch iPhone 6 may run landscape apps with more productive iPad-like interface.”

“What to expect from Apple’s September 9th event: new iPhones, wearables, iOS8, more.”

“Apple’s wearable will come with an App store; Facebook and several other big developers already have access to a pre-release SDK.”

May run. Sources say this. What to expect. Yadda yadda.

Really guys??

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