PDA

View Full Version : guardian.co.uk: Bitcoin: more than just the currency of digital vice



muh_roads
03-05-2013, 08:56 PM
http://www.guardian.co.uk/business/2013/mar/04/bitcoin-currency-of-vice

Hit $43 for a new all-time high...probably a correction coming soon for those that are considering putting some in. Keep an eye on it.
ronpaulfollower999
03-05-2013, 09:13 PM
$45 now, this is crazy. About as crazy as silver's $50 run one night in 2011.
muh_roads
03-05-2013, 09:17 PM
I'm leaning towards bubble myself.

Stealing this from a post I saw elsewhere...Consider that 2.5 billion people use the internet. If 20% of them try Bitcoin, that is 500 million people using 13 million coins by next year.

The last time something this explosive took off was the internet itself. When putting all that into perspective, the current price still seems cheap by comparison as the currency is divisible by 8 decimal places.
hazek
03-06-2013, 06:28 AM
It's definitely a bubble, when will we reach the top and what will be the bottom is the question. But it's all good, bubbles are natural, it's how balance is sought.

Btw some stats to go with this exchange rate: http://thegenerallifeblog.blogspot.com/2013/02/how-popular-is-bitcoin.html
matt0611
03-06-2013, 07:05 AM
How many bitcoins currently exist?

I wish I bought $1000 when it was at $0.05, I'd be a rich man right now lol
hazek
03-06-2013, 08:06 AM
10,863,725 http://bitcoinwatch.com/
jclay2
03-06-2013, 09:18 AM
up 33% since Feb 28th. Definitely a bubble.
hazek
03-06-2013, 08:32 PM
In case anyone is interested, the bubble has now popped (I think :D).
Peter11
03-07-2013, 10:34 PM
Actually it is very good, simmer are natural.
cubical
03-08-2013, 07:25 AM
How do I short this thing?

Better yet, can you buy puts anywhere?
S.Shorland
03-08-2013, 07:41 AM
Governments want electronic money,so they can just unplug you,if they deem you an enemy.
Boss
03-08-2013, 07:54 AM
Governments want electronic money,so they can just unplug you,if they deem you an enemy.

And trace every transaction for revenue collection
hazek
03-08-2013, 12:52 PM
How do I short this thing?

Better yet, can you buy puts anywhere?

https://bitfinex.com is one way, but although I haven't heard any complaints yet I cannot vouch for this service being honest or of honest intentions.
cubical
03-08-2013, 09:22 PM
https://bitfinex.com is one way, but although I haven't heard any complaints yet I cannot vouch for this service being honest or of honest intentions.

Yeah, doesn't seem to "official".