Search for hard drive with £4m-worth of bitcoins stored
http://www.bbc.co.uk/news/uk-wales-sout ... s-25134289
BITCOIN as an alternative to regular currency
I wonder what you pro-traders (Peter, mugsgame, etc.) think of Bitcoin?
I may not be the smartest trader on the block here, but even for me, the words that spring to mind here are; 'craze', 'bubble', 'ponzi' , 'price spike'. I mean if you'd got in really early (circa 2009) you'd have made a fortune, but the 'trend' has surely gone way too far and its due for a major correction by now?
Look at the graph:
http://www.economist.com/news/leaders/2 ... ow-bitcoin
Big red flag: everyone wants to get on the bandwagon and everyone is yelling what a great opportunity this is! Surely that's precisely the time you should be selling, not buying?
I may not be the smartest trader on the block here, but even for me, the words that spring to mind here are; 'craze', 'bubble', 'ponzi' , 'price spike'. I mean if you'd got in really early (circa 2009) you'd have made a fortune, but the 'trend' has surely gone way too far and its due for a major correction by now?
Look at the graph:
http://www.economist.com/news/leaders/2 ... ow-bitcoin
Big red flag: everyone wants to get on the bandwagon and everyone is yelling what a great opportunity this is! Surely that's precisely the time you should be selling, not buying?
I was on a conference call last night where we were discussing how we could benefit from a collapse in the price of Bit Coins. If it were a really currency you would want its value to be stable, but at the moment its a completely speculative instrument and the more is rises the more people will pile into it, until it looks like it will break and then everybody will be heading for the door. But when is the question!
http://www.zerohedge.com/news/2013-11-2 ... -more-gold
It seems like bitcoins has now got to the place it was going.
We will see now when stocks crash if the world and his dog buys gold or bitcoins.
It seems like bitcoins has now got to the place it was going.
We will see now when stocks crash if the world and his dog buys gold or bitcoins.
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RideTheLightning
- Posts: 136
- Joined: Fri Jul 03, 2009 1:08 am
http://www.plus500.co.uk/Instruments/BTCUSD
One provider of CFD's to short BitCoin, don't know much about them though.
One provider of CFD's to short BitCoin, don't know much about them though.
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RideTheLightning
- Posts: 136
- Joined: Fri Jul 03, 2009 1:08 am
What do you think of other crypto currencies? bubble too?Euler wrote:If they had options I'd definitely get stuck into some long term shorts.
Personally, I think Bitcoin still has a significant growth potential, bought LTC a few days ago.
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convoysur-2
- Posts: 1110
- Joined: Thu Jan 12, 2012 10:00 am
SO WHERE IS SAFE TO KEEP ONES BITCOIN,,,???
seems they are all being targeted by hackers ..
http://www.dailymail.co.uk/sciencetech/ ... weeks.html
seems they are all being targeted by hackers ..
http://www.dailymail.co.uk/sciencetech/ ... weeks.html
I wonder what Voltaire would make of digital currency given his comments on paper currency.
As an aside, Voltaire supplied one of the great quotes of all time when, on his deathbed, a priest asked him if he rejected Satan. In one of the great comeback lines of all time Voltaire responded, "now is not the time to be making new enemies".
As an aside, Voltaire supplied one of the great quotes of all time when, on his deathbed, a priest asked him if he rejected Satan. In one of the great comeback lines of all time Voltaire responded, "now is not the time to be making new enemies".
Nakamoto the inventor of Bitcoin becomes its first billionaire
"In January 2009, Satoshi started mining the first crop of bitcoin, creating what is known as the "genesis block." By the end of the year over 32,000 blocks had been added to this original block, producing a total of 1,624,250 bitcoins. Since all transactions on the blockchain are public, it is known that only a quarter of those bitcoins have ever changed their master, which means Satoshi Nakamoto is believed to be the owner of roughly one million bitcoins. With Bitcoin surging past $1000, that stash is worth about $1.1 billion."
Read more: http://voiceofrussia.com/2013_12_01/Nak ... aire-7433/
"In January 2009, Satoshi started mining the first crop of bitcoin, creating what is known as the "genesis block." By the end of the year over 32,000 blocks had been added to this original block, producing a total of 1,624,250 bitcoins. Since all transactions on the blockchain are public, it is known that only a quarter of those bitcoins have ever changed their master, which means Satoshi Nakamoto is believed to be the owner of roughly one million bitcoins. With Bitcoin surging past $1000, that stash is worth about $1.1 billion."
Read more: http://voiceofrussia.com/2013_12_01/Nak ... aire-7433/