Author |
Topic: Bitcoin digital currency (Read 280331 times) |
|
Fritzlein
Forum Guru
Arimaa player #706
Gender: 
Posts: 5928
|
 |
Re: Bitcoin digital currency
« Reply #135 on: Jan 9th, 2012, 11:18pm » |
 Quote  Modify
|
on Jan 9th, 2012, 11:25am, omar wrote:| As more people start using bitcoin for real transactions[...] |
|
Is there any news on how much this is happening? Clearly this the "fundamental" aspect of Bitcoins, as opposed to the mining and the speculative trading.
|
|
 IP Logged |
|
|
|
omar
Forum Guru
Arimaa player #2
Gender:
Posts: 1003
|
|
Re: Bitcoin digital currency
« Reply #136 on: Jan 11th, 2012, 12:58am » |
Quote Modify
|
on Jan 9th, 2012, 11:18pm, Fritzlein wrote:
Is there any news on how much this is happening? Clearly this the "fundamental" aspect of Bitcoins, as opposed to the mining and the speculative trading. |
|
Here is a real time monitor of the transactions that are seen by nodes in the bitcoin network.
http://www.bitcoinmonitor.com/
I'm not sure how they tell the difference between currency trades and regular transactions.
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #137 on: May 13th, 2012, 11:14am » |
Quote Modify
|
Bitcoins have hovered around $5 for a couple of months. I expected them to go to $0, or maybe boom and bust again, but keeping a stable price was the last thing I expected. Sometimes I think the only reason reality exists is to prove my predictions wrong. 
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #138 on: Aug 8th, 2012, 4:56pm » |
Quote Modify
|
Woah, BitCoins have doubled since my last post, and are trading today at $11! Is it conceivable that they could recover and surpass their previous high?
|
|
IP Logged |
|
|
|
omar
Forum Guru
Arimaa player #2
Gender:
Posts: 1003
|
|
Re: Bitcoin digital currency
« Reply #140 on: Mar 2nd, 2013, 8:10am » |
Quote Modify
|
> There is an interesting relationship between the difficulty of producing bitcoins, the cost of producing bitcoins, and the market price of bitcoin. This relationship I think will cause it to have many bubbles.
Here we go again. Bitcoin is headed for it's second major bubble. It will definitely be larger than the first.
http://bitcoincharts.com/charts/mtgoxUSD#tgSzm1g10zm2g25zv
|
|
IP Logged |
|
|
|
supersamu
Forum Moderator
Forum Guru
Arimaa player #7523
Gender:
Posts: 140
|
|
Re: Bitcoin digital currency
« Reply #141 on: Mar 2nd, 2013, 9:04am » |
Quote Modify
|
Can someone shortsell bitcoin and how can I do it?
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #142 on: Mar 3rd, 2013, 8:51am » |
Quote Modify
|
on Mar 2nd, 2013, 9:04am, supersamu wrote:| Can someone shortsell bitcoin and how can I do it? |
|
Don't even think about it. As the saying goes, "The market can stay irrational longer than you can stay solvent." My grandfather sold short during the .com bubble, and he was right, it was a bubble that eventually popped. Unfortunately, he lost most of his life savings before the crash came. If you see a bubble, do stay away from it, but don't ever sell short.
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #143 on: Mar 23rd, 2013, 1:32pm » |
Quote Modify
|
If you had sold short at $33 on March 2, you would have taken a beating as it ran up to $75 on March 21. As much as I think the current run-up is unjustified, unsustainable, and insane, I'm sure glad I didn't bet any money against it.
|
|
IP Logged |
|
|
|
Janzert
Forum Guru
Arimaa player #247
Gender:
Posts: 1016
|
|
Re: Bitcoin digital currency
« Reply #145 on: Apr 12th, 2013, 12:35pm » |
Quote Modify
|
Looks like the latest bubble has burst with prices going from $266 to $75 in the past 3 days.
Janzert
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #146 on: Apr 13th, 2013, 11:15am » |
Quote Modify
|
But the "burst" price is still astronomical. And where is it going from there?
|
|
IP Logged |
|
|
|
Fritzlein
Forum Guru
Arimaa player #706
Gender:
Posts: 5928
|
|
Re: Bitcoin digital currency
« Reply #148 on: Nov 19th, 2013, 11:34am » |
Quote Modify
|
Boy have I been wrong about Bitcoins so far. Now trading at $720!
on Jan 9th, 2012, 11:25am, omar wrote:| As more people start using bitcoin for real transactions [...] |
|
According to a Bloomberg article, speculation in Bitcoins still completely dominates their commercial use:
Quote:| Speculative trades exceeded transactions for goods and services by 20 to 25 times in the latest quarter, said Vladimir Maslyakov, co-founder of brokerage Exante Ltd., which has set up a Bitcoin investment fund. |
|
That article also had another bit of news that shocked me: China has taken over as the hottest market for bitcoins:
Quote:| Chinese Bitcoin activity has exploded, with the number of yuan-based trades jumping 30-fold in the past two months and making BTC China the top online-exchange by volume. |
|
http://www.bloomberg.com/news/2013-11-19/bitcoin-gaining-validity-fuels- rally-in-virtual-currency-tech.html
|
|
IP Logged |
|
|
|
99of9
Forum Guru
Gnobby's creator (player #314)
 
Gender:
Posts: 1413
|
|
Re: Bitcoin digital currency
« Reply #149 on: Feb 15th, 2014, 7:00am » |
Quote Modify
|
I guess arimaa points are the safest digital currency today 
|
|
IP Logged |
|
|
|
|
Home
Help
Search
Members
Login
Register
Reply
Notify of replies
Send Topic
Print