BitCoin and Cryptocurrencies - Will they fail? My 3 Predictions!
- Thread starter Wilson Grant Fisk
- Start date
Bitcoins in space: http://www.cnbc.com/id/101220710
Wilson Grant Fisk
Elite Member
- Nov 10, 2012
- 15,677
- 46,845
Is Bitcoin a bubble or the beginning of a new trend?
Bitcoin, a new digital currency, prices have ballooned in the the last week suggesting it could be a bubble. (Photo Shutterstock)
I heard of this new cryptocurrency or digital currency called Bitcoin, but didn?t really explore it until recently, as its price rose dramatically.
Now that bitcoin is on the front pages of the Wall Street Journal, Yahoo Finance, The Financial Times and Twitter and because it just moved from $200 to $900 in a week and change, some believe bitcoin is going to replace the U.S. dollar. Others believe this is just another asset bubble, while others have opinions in the middle of those extremes. Below is a recent chart of the run up in Bitcoin. You can find more details here.
Bitcoin stock chart. (Source: Bitcoin)
You can see Bitcoin had been steadily moving up all year and then exploded in November. What is Bitcoin? Is this a good investment or a bubble destined to crush most speculators?
Bitcoins, developed around 2008, is a digital currency backed by no central bank or hard asset. The bitcoins are generated by a process called ?mining? by which the ?miner? solves an algorithm and is given 50 bitcoins (the video below explains the process). Unlike paper currencies that can be printed as needed, bitcoin has a limit of 21 million bitcoins based on an algorithm. The coins can also be purchased in these speculative, unregulated markets all over the world.
The bitcoins peaked at $900, giving the roughly 12 million coins in existence (or mined) a worth of almost $8 billion, which is pretty small in the world of currencies. As the chart above shows it is now back under $600 and that is in one day (more on that volatility, later), so the market cap would now be more like $5.5 billion. The rapid rise of bitcoins is why some traders think this is a bubble.
Congress had a hearing on bitcoins Tuesday and gave them a tad more legitimacy. I think this is an interesting sector and down the road digital currencies may actually play a role in the macro economy.
Would I invest money in bitcoins at $900, $600, $500, $300, $200, $100 or $50? Mostly likely not. I would suggest the main function of bitcoins and those who invest in them believe the easy monetary policies of the world?s central banks have made all of these paper currencies virtually worthless.
There is no doubt the easy monetary policies of the U.S., Europe, China and Japan have done quite a bit to shake the confidence of paper money, for a lot of folks. But for the psychology to stay away from dollar bills and get paid in bitcoins seems a tad silly, for most U.S. businesses. With all the recent damage the Federal Reserve has done to the U.S. dollar, in an effort to reflate the economy, it still has not changed the fact the U.S. dollar is the world?s reserve currency. Not to mention other countries literally peg their currency to ours, namely China.
Bitcoin, the newest bubble?
Bitcoin, a new digital currency, stock prices have ballooned in the the last week suggesting it in a bubble.
I think over time, if these monetary policies do continue to be looser and not tapered down, digital currencies like bitcoins will see a bigger and bigger piece of the pie. Will bitcoins be around in the coming years or will it be like Myspace (first to market) but lose to a Facebook, which developed a better product and caught the wave at the perfect moment?
I do not like the parabolic chart or the volatility of bitcoins as those patterns always end badly. Bitcoin?s chart screams bubble. I do not like how illiquid and hard to trade it is either. I do not like that a country like China or the U.S. could just pull the plug on this and tank it.
It also seems many of the actual transactions being used for bitcoins, outside of speculation, is for drugs, kiddie porn and the slave trade, things that I and many of us good standing Americans don?t support.
It is an interesting concept that will evolve but this is just the first one and is most likely to bury any investors, at these levels, long term.
Source:http://voxxi.com/2013/11/21/bitcoin-bubble-beginning-new-trend/
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[TD="align: right"] 10 new results for BITCOIN[/TD]
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[TD] No, Bitcoin isn't the Segway of currencies Washington Post (blog) But like a lot of economics writers, he's been slow to appreciate the disruptive potential of Bitcoin, the Internet's first completely open payment network. O'Brien ...
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[TD] See all stories on this topic [/TD]
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[TD] Richard Branson Now Takes Bitcoins for Space Travel Wall Street Journal (blog) When asked by CNBC why he's accepting bitcoins, Mr. Branson retorted ?Why not?? He described bitcoin as ?driving a revolution? and said people who got into ...
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[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD] [/TD]
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[TD] State Settles Bitcoin Case vs. Online Gaming Company Sci-Tech Today Bitcoin is a cybercurrency that is relatively anonymous. ... to a $1 million settlement after being accused of infecting computers with malware to mine for Bitcoin.
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[TD] See all stories on this topic [/TD]
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[TD] [/TD]
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[TD="colspan: 2"] Bitcoin Black Friday releases 128 merchant deals to kick off its new ... Upstart The UpTake: This Bitcoin entrepreneur is looking to help take the currency mainstream by ... A website called Bitcoin Black Friday today published 128 deals for ...
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[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD] how Bitcoin charmed Washington Washington Post (blog) The Bitcoin Foundation's Patrick Murck testifies before the Senate Homeland ... The pair of Bitcoin hearings held this week by Senate committees could have ...
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[TD] See all stories on this topic [/TD]
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[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD="colspan: 2"] 'Bitcoin Kid' markets book in brave new world Fairfaxtimes.com Inject a brand-new technology: in this case, Bitcoin. Voil: a finicky eater with a fantastic appetite for a cutting-edge financial network. Jaden Shelton, 9, of Fairfax ...
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[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Bitcoin Rollercoaster Hits China, Challenging Supervision CRIENGLISH.com Bitcoin investors in China might have passed the most restless two nights of their lives as the virtual currency price rose from a little over 3,000 yuan (492.3 U.S. ...
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[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Bitcoin demand in China spurs BTCChina exchange to rapid growth Financial Times Such has been the explosive growth of Bitcoin in China that the country's biggest exchange for the digital currency had its logo scrawled on its front entrance in ...
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[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Is Bitcoin a bubble or the beginning of a new trend? VOXXI Bitcoin, a new digital currency, prices have ballooned in the the last week ... I heard of this new cryptocurrency or digital currency called Bitcoin, but didn't really ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR]
[TD] Blogs[/TD]
[TD="align: right"] 10 new results for BITCOIN[/TD]
[/TR]
[/TABLE]
[TD="colspan: 2"] Cyprus University world first to accept bitcoins for tuition ... - RT.com RT The University of Nicosia (UNic), one of the major English language universities in the Mediterranean, will become the world's first to accept bitcoins for tuition.
[TABLE="width: 100%"]
[TR]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] After Spiking to $900 And Crashing to $450, Bitcoin Is Now Back ... Alex Wilhelm In the last few days Bitcoin has dazzled, with record highs and steep declines. Though Bitcoin fell more slowly from its peak than I expected, the currency..
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[TR]
[TD] TechCrunch[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] To Bitcoin and beyond: Virgin Galactic accepts virtual currency for ... Jeff John Roberts A woman from Hawaii paid for her upcoming trip to space using Bitcoin. We can now add Sir Richard Branson as the latest Bitcoin believer.
[TABLE="width: 100%"]
[TR]
[TD] Gigaom[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Peter Schiff On Gold vs Bitcoin | Zero Hedge Tyler Durden Peter Schiff is sympathetic "with what [bitcoin] is trying to achieve," but as he explains in this brief clip he believes, "they are using the wrong vehicle." After rising ...
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[TR]
[TD][/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
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[TD="colspan: 2"] Virgin Galactic now accepts Bitcoin for future flights into space Matt Brian As the value and credibility of Bitcoin continues to skyrocket, Virgin founder Richard Branson now wants to let people use the digital currency to.
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[TR]
[TD] Engadget RSS Feed[/TD]
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[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Deep Web: The Untold Story of BitCoin and The Silk Road, A ... Kimber Streams Deep Web: The Untold Story of BitCoin and The Silk Road is a documentary by Trouper Productions that will feature interviews with prominent hackers, ...
[TABLE="width: 100%"]
[TR]
[TD] Laughing Squid[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Can bitcoin become more than an alternative currency? | Financial ... John Shmuel A new paper for Desjardins is casting doubt on whether bitcoin can ever be more than an alternative currency.
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[TR]
[TD] Financial Post - FP Trading Desk[/TD]
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[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Hidden In Plain Sight: Battle For Bitcoin | Daily Gazette Collin Smith This has been the norm for so long it's difficult to imagine an alternative, but now experimental ?crypto-currencies? like Bitcoin are starting to offer one.
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[TD] Daily Gazette[/TD]
[/TR]
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[/TD]
[TD][/TD]
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[TD="colspan: 2"] What Is Bitcoin? Read My Opinion Here - Timothy Sykes Timothy Sykes Bitcoin (sign: BitcoinSign.svg; code: BTC or XBT[1]) is a distributed, peer-to-peer digital currency that functions without the intermediation of any central authority.
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[TD] Timothy Sykes[/TD]
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[TD="colspan: 2"] Living, Traveling On Bitcoin Alone Possible, A Huge Pain In The Ass ... Jon Shazar Lean Crust advertised itself as bitcoin-friendly but hadn't seen much virtual foot traffic. Ms. Alamgir eventually contacted the store's owner, who arrived and ...
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[TD] Dealbreaker[/TD]
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[TD] Web[/TD]
[TD="align: right"] 10 new results for BITCOIN[/TD]
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[TD="colspan: 2"] Bitcoin Is the Segway of Currency - Matthew O'Brien - The Atlantic Silicon Valley thinks it's the future, but Bitcoin is more ridiculous than motorized scooters for adults.
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[TD="colspan: 2"] Now you can pay college tuition with Bitcoin | The Verge The University of Nicosia in Cyprus today announced it will accept payments from students in Bitcoin, making it the world's first accredited university to do so.
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[TD] www.theverge.com/.../university-of-nicosia-bitcoin-payments[/TD]
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[TD="colspan: 2"] Virgin Galactic to accept bitcoin: Branson - CNBC.com Sir Richard Branson appeared on CNBC's "Squawk Box" on Friday and announced that his commercial space flight venture will accept bitcoin as payment, ...
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[TD] www.cnbc.com/id/101220710[/TD]
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[TD="colspan: 2"] Bitcoin now accepted as tuition payment at a Cyprus university ... The University of Nicosia in the island nation of Cyprus will accept the virtual currency Bitcoin as payment for tuition and other school fees.
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[TD] www.latimes.com/.../la-fi-mo-cyprus-university-bitcoin-20131...[/TD]
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[TD="colspan: 2"] Cypriot university to accept Bitcoin payments - CBS News Cyprus' biggest private university says it will start accepting the digital currency as an alternative way to pay tuition fees.
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[TD] www.cbsnews.com/.../cypriot-university-accept-bitcoin-payme...[/TD]
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[TD="colspan: 2"] Bitcoin accepted by university in Cyprus - CNBC.com The University of Nicosia in Cyprus is to become the first university in the world to accept the virtual currency bitcoin, according to a press release.
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[TD] www.cnbc.com/id/101217586[/TD]
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[TD="colspan: 2"] This university is the first in the world to accept Bitcoin for tuition ... The Bitcoin craze has made its way to the educational system.
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[TD] www.geekwire.com/.../cyprusbased-school-university-accept-b...[/TD]
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[TD="colspan: 2"] Why It's So Hard to Buy Bitcoin - The Motley Fool Buying Bitcoin isn't as easy as it looks. - Matt Koppenheffer and David Hanson - Financials.
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[TD] www.fool.com/investing/.../why-its-so-hard-to-buy-bitcoin.asp...[/TD]
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[TD="colspan: 2"] Silk Road's 'Dread Pirate Roberts' Used $20 Million Bitcoin Fortune ... The number of hits Ulbricht allegedly ordered grew over time, so he needed to keep a to-do list of them in his computer diary, the feds' say.
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[TD] www.businessinsider.com/silk-road-boss-ordered-6-assassinati...[/TD]
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[/TD]
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[TD="colspan: 2"] This university will let you pay tuition in Bitcoin - Digital Trends The University of Nicosia in Cyprus has become the first higher education institution in the world to accept Bitcoin as payment for tuition.
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[TD] www.digitaltrends.com/.../university-will-let-pay-tuition-bitcoi...[/TD]
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I heard of this new cryptocurrency or digital currency called Bitcoin, but didn?t really explore it until recently, as its price rose dramatically.
Now that bitcoin is on the front pages of the Wall Street Journal, Yahoo Finance, The Financial Times and Twitter and because it just moved from $200 to $900 in a week and change, some believe bitcoin is going to replace the U.S. dollar. Others believe this is just another asset bubble, while others have opinions in the middle of those extremes. Below is a recent chart of the run up in Bitcoin. You can find more details here.
You can see Bitcoin had been steadily moving up all year and then exploded in November. What is Bitcoin? Is this a good investment or a bubble destined to crush most speculators?
Bitcoins, developed around 2008, is a digital currency backed by no central bank or hard asset. The bitcoins are generated by a process called ?mining? by which the ?miner? solves an algorithm and is given 50 bitcoins (the video below explains the process). Unlike paper currencies that can be printed as needed, bitcoin has a limit of 21 million bitcoins based on an algorithm. The coins can also be purchased in these speculative, unregulated markets all over the world.
The bitcoins peaked at $900, giving the roughly 12 million coins in existence (or mined) a worth of almost $8 billion, which is pretty small in the world of currencies. As the chart above shows it is now back under $600 and that is in one day (more on that volatility, later), so the market cap would now be more like $5.5 billion. The rapid rise of bitcoins is why some traders think this is a bubble.
Congress had a hearing on bitcoins Tuesday and gave them a tad more legitimacy. I think this is an interesting sector and down the road digital currencies may actually play a role in the macro economy.
Would I invest money in bitcoins at $900, $600, $500, $300, $200, $100 or $50? Mostly likely not. I would suggest the main function of bitcoins and those who invest in them believe the easy monetary policies of the world?s central banks have made all of these paper currencies virtually worthless.
There is no doubt the easy monetary policies of the U.S., Europe, China and Japan have done quite a bit to shake the confidence of paper money, for a lot of folks. But for the psychology to stay away from dollar bills and get paid in bitcoins seems a tad silly, for most U.S. businesses. With all the recent damage the Federal Reserve has done to the U.S. dollar, in an effort to reflate the economy, it still has not changed the fact the U.S. dollar is the world?s reserve currency. Not to mention other countries literally peg their currency to ours, namely China.
Bitcoin, the newest bubble?
I think over time, if these monetary policies do continue to be looser and not tapered down, digital currencies like bitcoins will see a bigger and bigger piece of the pie. Will bitcoins be around in the coming years or will it be like Myspace (first to market) but lose to a Facebook, which developed a better product and caught the wave at the perfect moment?
I do not like the parabolic chart or the volatility of bitcoins as those patterns always end badly. Bitcoin?s chart screams bubble. I do not like how illiquid and hard to trade it is either. I do not like that a country like China or the U.S. could just pull the plug on this and tank it.
It also seems many of the actual transactions being used for bitcoins, outside of speculation, is for drugs, kiddie porn and the slave trade, things that I and many of us good standing Americans don?t support.
It is an interesting concept that will evolve but this is just the first one and is most likely to bury any investors, at these levels, long term.
Source:http://voxxi.com/2013/11/21/bitcoin-bubble-beginning-new-trend/
[TABLE="width: 100%"]
[TR]
[TD] News[/TD]
[TD="align: right"] 10 new results for BITCOIN[/TD]
[/TR]
[/TABLE]
| A Bitcoin Insider On Crime, Congress And Satoshi Nakamoto NPR (blog) For more on what bitcoin is and how it works, see our story "What Is Bitcoin?" Gavin Andresen is chief scientist at the Bitcoin Foundation. I first talked with him ... [TABLE="width: 100%"] [TR] [TD] See all stories on this topic |
[TD] [/TD]
[/TR]
[TR]
[TD] No, Bitcoin isn't the Segway of currencies Washington Post (blog) But like a lot of economics writers, he's been slow to appreciate the disruptive potential of Bitcoin, the Internet's first completely open payment network. O'Brien ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD] Richard Branson Now Takes Bitcoins for Space Travel Wall Street Journal (blog) When asked by CNBC why he's accepting bitcoins, Mr. Branson retorted ?Why not?? He described bitcoin as ?driving a revolution? and said people who got into ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD] State Settles Bitcoin Case vs. Online Gaming Company Sci-Tech Today Bitcoin is a cybercurrency that is relatively anonymous. ... to a $1 million settlement after being accused of infecting computers with malware to mine for Bitcoin.
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD="colspan: 2"] Bitcoin Black Friday releases 128 merchant deals to kick off its new ... Upstart The UpTake: This Bitcoin entrepreneur is looking to help take the currency mainstream by ... A website called Bitcoin Black Friday today published 128 deals for ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD] how Bitcoin charmed Washington Washington Post (blog) The Bitcoin Foundation's Patrick Murck testifies before the Senate Homeland ... The pair of Bitcoin hearings held this week by Senate committees could have ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD] [/TD]
[/TR]
[TR]
[TD="colspan: 2"] 'Bitcoin Kid' markets book in brave new world Fairfaxtimes.com Inject a brand-new technology: in this case, Bitcoin. Voil: a finicky eater with a fantastic appetite for a cutting-edge financial network. Jaden Shelton, 9, of Fairfax ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Bitcoin Rollercoaster Hits China, Challenging Supervision CRIENGLISH.com Bitcoin investors in China might have passed the most restless two nights of their lives as the virtual currency price rose from a little over 3,000 yuan (492.3 U.S. ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Bitcoin demand in China spurs BTCChina exchange to rapid growth Financial Times Such has been the explosive growth of Bitcoin in China that the country's biggest exchange for the digital currency had its logo scrawled on its front entrance in ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Is Bitcoin a bubble or the beginning of a new trend? VOXXI Bitcoin, a new digital currency, prices have ballooned in the the last week ... I heard of this new cryptocurrency or digital currency called Bitcoin, but didn't really ...
[TABLE="width: 100%"]
[TR]
[TD] See all stories on this topic [/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR]
[TD] Blogs[/TD]
[TD="align: right"] 10 new results for BITCOIN[/TD]
[/TR]
[/TABLE]
| RT - Daily news |
[TD="colspan: 2"] Cyprus University world first to accept bitcoins for tuition ... - RT.com RT The University of Nicosia (UNic), one of the major English language universities in the Mediterranean, will become the world's first to accept bitcoins for tuition.
[TABLE="width: 100%"]
[TR]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] After Spiking to $900 And Crashing to $450, Bitcoin Is Now Back ... Alex Wilhelm In the last few days Bitcoin has dazzled, with record highs and steep declines. Though Bitcoin fell more slowly from its peak than I expected, the currency..
[TABLE="width: 100%"]
[TR]
[TD] TechCrunch[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] To Bitcoin and beyond: Virgin Galactic accepts virtual currency for ... Jeff John Roberts A woman from Hawaii paid for her upcoming trip to space using Bitcoin. We can now add Sir Richard Branson as the latest Bitcoin believer.
[TABLE="width: 100%"]
[TR]
[TD] Gigaom[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Peter Schiff On Gold vs Bitcoin | Zero Hedge Tyler Durden Peter Schiff is sympathetic "with what [bitcoin] is trying to achieve," but as he explains in this brief clip he believes, "they are using the wrong vehicle." After rising ...
[TABLE="width: 100%"]
[TR]
[TD][/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Virgin Galactic now accepts Bitcoin for future flights into space Matt Brian As the value and credibility of Bitcoin continues to skyrocket, Virgin founder Richard Branson now wants to let people use the digital currency to.
[TABLE="width: 100%"]
[TR]
[TD] Engadget RSS Feed[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Deep Web: The Untold Story of BitCoin and The Silk Road, A ... Kimber Streams Deep Web: The Untold Story of BitCoin and The Silk Road is a documentary by Trouper Productions that will feature interviews with prominent hackers, ...
[TABLE="width: 100%"]
[TR]
[TD] Laughing Squid[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Can bitcoin become more than an alternative currency? | Financial ... John Shmuel A new paper for Desjardins is casting doubt on whether bitcoin can ever be more than an alternative currency.
[TABLE="width: 100%"]
[TR]
[TD] Financial Post - FP Trading Desk[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Hidden In Plain Sight: Battle For Bitcoin | Daily Gazette Collin Smith This has been the norm for so long it's difficult to imagine an alternative, but now experimental ?crypto-currencies? like Bitcoin are starting to offer one.
[TABLE="width: 100%"]
[TR]
[TD] Daily Gazette[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] What Is Bitcoin? Read My Opinion Here - Timothy Sykes Timothy Sykes Bitcoin (sign: BitcoinSign.svg; code: BTC or XBT[1]) is a distributed, peer-to-peer digital currency that functions without the intermediation of any central authority.
[TABLE="width: 100%"]
[TR]
[TD] Timothy Sykes[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[TR]
[TD="colspan: 2"] Living, Traveling On Bitcoin Alone Possible, A Huge Pain In The Ass ... Jon Shazar Lean Crust advertised itself as bitcoin-friendly but hadn't seen much virtual foot traffic. Ms. Alamgir eventually contacted the store's owner, who arrived and ...
[TABLE="width: 100%"]
[TR]
[TD] Dealbreaker[/TD]
[/TR]
[/TABLE]
[/TD]
[TD][/TD]
[/TR]
[/TABLE]
[TABLE="width: 100%"]
[TR]
[TD] Web[/TD]
[TD="align: right"] 10 new results for BITCOIN[/TD]
[/TR]
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| www.theatlantic.com/business/archive/2013/11/.../281625/ |
[TD="colspan: 2"] Bitcoin Is the Segway of Currency - Matthew O'Brien - The Atlantic Silicon Valley thinks it's the future, but Bitcoin is more ridiculous than motorized scooters for adults.
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[TD="colspan: 2"] Now you can pay college tuition with Bitcoin | The Verge The University of Nicosia in Cyprus today announced it will accept payments from students in Bitcoin, making it the world's first accredited university to do so.
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[TD] www.theverge.com/.../university-of-nicosia-bitcoin-payments[/TD]
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[TD="colspan: 2"] Virgin Galactic to accept bitcoin: Branson - CNBC.com Sir Richard Branson appeared on CNBC's "Squawk Box" on Friday and announced that his commercial space flight venture will accept bitcoin as payment, ...
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[TD] www.cnbc.com/id/101220710[/TD]
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[TD="colspan: 2"] Bitcoin now accepted as tuition payment at a Cyprus university ... The University of Nicosia in the island nation of Cyprus will accept the virtual currency Bitcoin as payment for tuition and other school fees.
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[TD] www.latimes.com/.../la-fi-mo-cyprus-university-bitcoin-20131...[/TD]
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[TD="colspan: 2"] Cypriot university to accept Bitcoin payments - CBS News Cyprus' biggest private university says it will start accepting the digital currency as an alternative way to pay tuition fees.
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[TD] www.cbsnews.com/.../cypriot-university-accept-bitcoin-payme...[/TD]
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[TD="colspan: 2"] Bitcoin accepted by university in Cyprus - CNBC.com The University of Nicosia in Cyprus is to become the first university in the world to accept the virtual currency bitcoin, according to a press release.
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[TD] www.cnbc.com/id/101217586[/TD]
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[TD="colspan: 2"] This university is the first in the world to accept Bitcoin for tuition ... The Bitcoin craze has made its way to the educational system.
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[TD] www.geekwire.com/.../cyprusbased-school-university-accept-b...[/TD]
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[TD="colspan: 2"] Why It's So Hard to Buy Bitcoin - The Motley Fool Buying Bitcoin isn't as easy as it looks. - Matt Koppenheffer and David Hanson - Financials.
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[TD] www.fool.com/investing/.../why-its-so-hard-to-buy-bitcoin.asp...[/TD]
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[TD="colspan: 2"] Silk Road's 'Dread Pirate Roberts' Used $20 Million Bitcoin Fortune ... The number of hits Ulbricht allegedly ordered grew over time, so he needed to keep a to-do list of them in his computer diary, the feds' say.
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[TD] www.businessinsider.com/silk-road-boss-ordered-6-assassinati...[/TD]
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[TD="colspan: 2"] This university will let you pay tuition in Bitcoin - Digital Trends The University of Nicosia in Cyprus has become the first higher education institution in the world to accept Bitcoin as payment for tuition.
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[TD] www.digitaltrends.com/.../university-will-let-pay-tuition-bitcoi...[/TD]
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Therapy101
Registered Member
- May 14, 2013
- 52
- 7
I doubt it's going to hit $2000 anytime soon. I predict that in around 1 week it'll be at around $1100.
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
"The best investment opportunities come from inefficiencies in markets created by new things that people don't understand and often fear."
Source: http://www.leighdrogen.com/why-i-bought-one-bitcoin/
thatotherguy
Power Member
- Mar 4, 2012
- 554
- 258
So the real questions how many "programmers" got smart and made bot nets to help farm their bitcoins?
Svettod
Junior Member
- Jun 19, 2010
- 189
- 56
There are many botnets that mine primecoin and litecoin. Just go to some of the popular pools and you can see them in the stats pulling some crazy speed. It is impossible for some of these guys to be running rig farms. It is just too much power to have in one place. The only alternative is a botnet.
kickstartseo
Newbie
- Nov 24, 2013
- 4
- 3
Well this is a long debate.
Ultimately all fiat currencies are doomed to fail (currencies not backed by something physical).
Bitcoin is purely speculative at the moment, and like all bubbles, they usually end up where they started off, although that may still take many months. There's a good chance bitcoin will fall to under $100 even under $50 again in the future.
Ultimately all fiat currencies are doomed to fail (currencies not backed by something physical).
Bitcoin is purely speculative at the moment, and like all bubbles, they usually end up where they started off, although that may still take many months. There's a good chance bitcoin will fall to under $100 even under $50 again in the future.
on a long enough time frame, everything goes to zero.
Bitcoin has the most powerful computer network in the world as it's "backing", as well as the blockchain.
All value is subjective, nothing is intrinsic.
eXonyte
BANNED
- Oct 15, 2013
- 999
- 371
Very good points made. But there is an uprising happening? A revolution, or what one could call Evolution as we are forced to make change after the banks abusing us and our economies for so long. The BitCoin takes away the control of the wanting bankers and I hope it really works!! But I think your 1st point is the biggest threat to the BitCoin!
PinguSpy
Elite Member
- Dec 7, 2007
- 3,085
- 3,029
Almost reach $1,000 lol today. $980
I just hope it will reach $10,000 next year, then I will become millionaire....
But it really depressed me for not buying it when the price kinda low....
I almost buy at $250, target around 300-400BTC....
Arghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh damn !!..
I just hope it will reach $10,000 next year, then I will become millionaire....
But it really depressed me for not buying it when the price kinda low....
I almost buy at $250, target around 300-400BTC....
Arghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh damn !!..
TheKingGeek
BANNED
- Mar 24, 2011
- 1,078
- 1,120
Huh are least you have Bitcoins, I still looking for ways to buy at least 1BTC =(...Was considering buying on CoinBase and now people are claiming that they are scammers. Buying on eBay is way to risky as Paypal doesn't protect on virtual items/currency. And can't use most payment processor as they won't take USA clients -_- by the time I managed to get one they will probably cost around $2k FML
Almost reach $1,000 lol today. $980
I just hope it will reach $10,000 next year, then I will become millionaire....
But it really depressed me for not buying it when the price kinda low....
I almost buy at $250, target around 300-400BTC....
Arghhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh damn !!..
