BITCOIN as an alternative to regular currency

[Euler]

The bounces after the bad news are interesting. Though I think it's a tough trading market because is more volatile than a AW seller on a Thursday evening.

[andyfuller]

Bitcoin vs Gold - The Future of Money - Peter Schiff Debates Stefan Molyneux - YouTube
http://youtu.be/UX1HdnEqVEA

Thanks for the link - listened to it this afternoon while wrapping presents made it a more bearable job!

[nicoleturner]

Definitely it can. It's no surprise that Bitcoin can rule the monetary circulation in the future. But the question is, are we ready for the cashless society?

[Euler]

Newsnight interview, quite balanced: -

http://www.youtube.com/watch?v=mH2_a-m1XLI

[Zenyatta]

The bounces after the bad news are interesting. Though I think it's a tough trading market because is more volatile than a AW seller on a Thursday evening.

You must admit the price seems impressively resistant to bad news. Price bouncing around between $US 600-700 for some days now.

Next year will be make or break for Bitcoin I think. All the naysayers are again predicting a crash to zero in 2014. If it cracks the resistance point of $US 700, it's here to stay, if it starts dropping below $US 600 it's on the way out. Will be fascinating to see which way it goes.

[Zenyatta]

The bitcoin price has broken through the long-time resistance-point of $US 700, and is again surging in value! Positive news reports:

*Numerous retailers are coming on-board to accept bitcoin, notably the large US online retailer 'Overstock'.

*There is large demand for bitcoins from people in Africa and India wanting to use them for remittance payments

*The gaming industry has taken to bitcoin in a big way

[superfrank]

Mt.Gox price, volume and trades on Blockchain
http://markets.blockchain.info/markets/mtgox/USD

[Tobedotty]

MtGox is not the most important exchange anymore. You need to look at bitstamp and BTCe. Nobody has managed to withdraw fiat in months which is why there is a price discrepancy, people are cancelling their fiat withdrawals on mtgox, buying bitcoin and then withdrawing.

[burdo77]

Here's an interesting article for I guys.

http://mobile.businessweek.com/articles ... pt-bitcoin

[superfrank]

vacancy for a Junior Bitcoin Execution Trader...
http://www.zerohedge.com/news/2014-01-0 ... ion-trader

[Euler]

Kanye West-inspired currency 'to launch soon'

http://www.bbc.co.uk/news/technology-25588883

[Zenyatta]

I can see the big danger to Bitcoins here, there are now numerous rival currencies. What if one of the rivals suddenly becomes popular, everyone piles into that one and abandons Bitcoins?

I can't understand how people can be moronic enough to store their bitcoins in online wallets...they keep getting hacked over and over.

I see that 21 million Dogecoins were recently stolen...investors had piled into 'Dogecoins', apparently thinking them the 'next big thing', and they've all been cleaned out again.

http://www.630wpro.com/common/more.php? ... 40A&mode=2

There appears to be no limit to human stupidity.

[superfrank]

Bitcoin Vs Gold
http://www.zerohedge.com/news/2014-01-0 ... ersus-gold

[steven1976]

Flying again Zen. http://www.bbc.co.uk/news/technology-25617931

[Zenyatta]

Yup, Bitcoin cracking $US 1000 again, many more retailers coming on board!

http://www.bloomberg.com/news/2014-01-0 ... usage.html

“Bitcoin has been remarkably resilient in the face of all the bad news out of China,” Nicholas Colas, chief market strategist at ConvergEx Group, wrote in an e-mail. “The strength shows a continued interest, which is a very positive sign.”