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Fritzlein
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Re: Bitcoin digital currency
« Reply #135 on: Jan 9th, 2012, 11:18pm »
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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.
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omar
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Re: Bitcoin digital currency
« Reply #136 on: Jan 11th, 2012, 12:58am »
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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.
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Fritzlein
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Re: Bitcoin digital currency
« Reply #137 on: May 13th, 2012, 11:14am »
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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.   Tongue
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Re: Bitcoin digital currency
« Reply #138 on: Aug 8th, 2012, 4:56pm »
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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?
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The_Jeh
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Re: Bitcoin digital currency
« Reply #139 on: Aug 22nd, 2012, 3:29pm »
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FYI
 
http://money.cnn.com/2012/08/22/technology/startups/bitcoin-debit-card/i ndex.html?source=cnn_bin
« Last Edit: Aug 22nd, 2012, 3:30pm by The_Jeh » IP Logged
omar
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Re: Bitcoin digital currency
« Reply #140 on: Mar 2nd, 2013, 8:10am »
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> 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
 
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supersamu
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Re: Bitcoin digital currency
« Reply #141 on: Mar 2nd, 2013, 9:04am »
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Can someone shortsell bitcoin and how can I do it?
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Fritzlein
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Re: Bitcoin digital currency
« Reply #142 on: Mar 3rd, 2013, 8:51am »
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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.
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Re: Bitcoin digital currency
« Reply #143 on: Mar 23rd, 2013, 1:32pm »
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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.
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Re: Bitcoin digital currency
« Reply #144 on: Apr 2nd, 2013, 9:47am »
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Now selling at $108.
 
http://arstechnica.com/business/2013/04/bitcoin-value-triples-in-a-month -to-all-time-high-of-more-than-100/
 
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Re: Bitcoin digital currency
« Reply #145 on: Apr 12th, 2013, 12:35pm »
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Looks like the latest bubble has burst with prices going from $266 to $75 in the past 3 days.
 
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Fritzlein
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Re: Bitcoin digital currency
« Reply #146 on: Apr 13th, 2013, 11:15am »
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But the "burst" price is still astronomical.  And where is it going from there?
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Re: Bitcoin digital currency
« Reply #147 on: May 1st, 2013, 2:03am »
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Oh you can already spend bitcoins at the bar to buy a beer Smiley
http://www.guardian.co.uk/technology/2013/apr/26/bitcoins-gain-currency- in-berlin
(see video there)
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Re: Bitcoin digital currency
« Reply #148 on: Nov 19th, 2013, 11:34am »
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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
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Re: Bitcoin digital currency
« Reply #149 on: Feb 15th, 2014, 7:00am »
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I guess arimaa points are the safest digital currency today Wink
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