Bitcoin

[James48843]

The "bitcoin" climbing

....to infinity, and beyond???

Bitcoin Hits New Record, Crosses $250
by Tyler Durden on 04/10/2013 08:12 -0400


It seem like it was only yesterday that Bitcoin crossed $200 for the first time. Oh wait, it was. It is now 24 hours later, and as parabolic rises imply, it is only "fair" that the price of the electronic currency (expressed in the same currency that incidentally can be created out of thin air and is used to transact for BTC) is some 25% higher, or well over $250.... In one day.

As before we will merely continue to watch in quiet amazement as the parabolic chart gets parabolic-er, but we will suggest this: those who absolutely must chase this runaway chart should not "invest" one penny more than they are comfortable losing, and as we said before, "This leaves us with the question, which line item on the Fed's Balance Sheet is 'Virtual Currency Transactions'... what better way to destroy an up and coming currency competitor than to blow a bubble in it and explode it?" Because the fervor for BTC now will only turn to all out loathing and disgust if and when one of the major buyers in the illiquid market decided to take out all stops to the downside (if only Mt Gox had stops that is) and send the price of BTC, expressed in paper money and thus analyzed not as a currency but as an asset, plunging.

More:

http://www.zerohedge.com/news/2013-04-10/bitcoin-hits-new-record-crosses-250

 

[bmneveu]

Bitcoin lost 50% of its value today

The unbeatable Bitcoin Charts and Bitcoin Trading site - Bitcoin Charts Analysis (Home)

 

[tsptalk]

What a ride!

 

[Frixxxx]

I actually have four of these, given to me free! I thought it was a joke at first but it has been fun to watch.

 

[uscfanhawaii]

The "bitcoin" climbing

....to infinity, and beyond???

View attachment 23268

More:

http://www.zerohedge.com/news/2013-04-10/bitcoin-hits-new-record-crosses-250

James and all, Did you click on the 'more' link?!? The comments to the article (especially the first one) are HILARIOUS!! :laugh:

Sorry, but I don't think it would be appropriate for this forum to copy it....it's a little RAW. But way FUNNY, just the same. Check it out, you will laugh your A$$ off!! :nuts:

BITcoin rules!!

 

[rktect1]

I wouldnt buy this with birchtrees money

 

[Frixxxx]

Well,

For those who doubt it's validity: CFTC Considering Bitcoin Regulation - Business Insider

So:
1. If the regulatory commission recognizes it,
2. Regulates and monitors it,
3. and the masses use it,

Then Birch's money is safe and it can be used as an investment option.

BUT

Until it is professionalized, the market isn't ready for it.

However, I would tell all my FOREX people, beware, this could be that opportunity to get in on a GLOBALLY RECOGNIZED CURRENCY on the web, but only if it is protected better than AP's Twitter account.

And I don't see that happening.

 

[James48843]

BITCOIN's woes- some still waiting after exchange shuts down.

Weeks after shutdown, Bitcoin exchange customers still wait for refunds | Ars Technica


And another lawsuit could shutdown another Bitcoin exchange:
$75 million lawsuit could destroy bitcoin’s largest exchange


Be careful out there. Those who OWN the money in the world, don't like competition.

 

[tsptalk]

New highs for Bitcoin...

 

[nnuut]

The competition will be CRUSHED!

 

[Frixxxx]

Another humbling move for Bitcoin.

Link

[h=1]Bitcoin crashes again: Is it over for the cryptocurrency?[/h]

 

[nnuut]

HA! No BiteCoins for me.

 

[RealMoneyIssues]

Oh, I thought this was a U.S. Dollar thread... sorry, moving on

 

[Frixxxx]

Well, Well, Well!

It's back again!

Who da thunk it!!!!!

Bitcoin breaks $1,000 for the first time in 3 years

Bitcoin breaks $1,000 for the first time in 3 years

 

[tsptalk]

Yeah, I bought one in the $900's when I saw the ship was sailing again. I thought for sure I'd bought the top.

 

[Frixxxx]

Yeah, I bought one in the $900's when I saw the ship was sailing again. I thought for sure I'd bought the top.

I've carried 4 since it was $54. Actually just validated my wallet still had them!

 

[tsptalk]

Sheesh! $54... nice!

I looked into it and been watching, but like the dumb money I waited, and waited. at:

 

[tsptalk]

Sheesh, up another $88 today. It hit $1146 at the high and is currently $1136. The new bubble or the real deal?

 

[sillbeer]

What is an easy way to buy and sell Bitcoins? I was looking into it a couple years ago but it fell off my radar. I downloaded a wallet but wasn't real sure what to do with it.

 

[tsptalk]

It fell under $900 briefly this morning. What a ride!