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Been rising & rising with the media coverage ,becoming more well known ect....
Hopefully it continues to rise.It does dip now & again but always seems to come back stronger & rise more.
This is the site I been using to follow the market. http://markets.blockchain.info
Smoker sent me this article today - pretty cool idea.
Bitcoin ATM: http://www.wired.com/wiredenterprise/2013/10/bitcoin_atm_gallery/
https://multibit.org/
The Shop
Considered Bitcoin for a while, but I've been on the heavy metal plan for quite some time. Lead, gold, silver.
It's a virtual currency.
I've been trading it like stock.
Recently,I'll buy low when it goes down into the $170's and then exchange a little when it goes up into the higher $190's & lower $200's. It's all profit if done right & timing is crucial. There are exchanges...
I haven't been buying items with it ,just trading for USD and buying again and building up my wallets.
But on that link I posted are places you could use it at - or search google for places.
More & more sites are starting to accept it as a form of payment.
I use private underground type exchanges.
Let's say you used paypal to receive the funds and I bought BTC's from you privately - well they(paypal) take a small percentage.Just as they always do when people use their service.
It just depends on how you do it...
You may be charged for direct deposit or even if you get a check delivered using FEDX or if you had the funds transferred
via Western Union ect...
This will explain it better.
https://en.bitcoin.it/wiki/Transaction_fees
"Man buys $27 of bitcoin, forgets about them, finds they're now worth $886k"
http://www.theguardian.com/technology/2013/oct/29/bitcoin-forgotten-cur…
I should have invested in Asic for 100 times the hashing power the units are in back order
here is a link that defines all of them....take your pick http://www.coindesk.com/what-other-digital-currencies-are-there/
in 12 hours you could have made 205.00
Sounds like the dot com bubble all over again.
Stuff like that is bound to happen
Need 60 minutes or Oflunky to make a statement
Pit Row
and then what?
well, free power after the initial expense is paid for
http://dogecoin.com/
It really isn't designed to be an investment like it is, it's designed to be a currency. For that to really happen it needs some stability. Lots of people are crying because there is no central bank..if I remember the United States did just fine without one until wealthy bankers created a panic.
The great part from it being p2p is that it can't ever go away...it might not be worth anything at the most, but it's still there.
Of course technology is potentially already supportive of the possibilities...for example the rapid market shifts could be compensated for by ting in payments.
However it still doesn't make up for the security risks that banks can offer.
I personally support this type of model and a 2nd currency...as an experiment. If humans really want to progress we need a global society, not nationalistic.
The current global economy is a joke, it's nowhere near what we would need to really progress.
The "market" is controlled by high end miners and pool owners at the moment....to some extent this will always be the case, considering there is only the potential for 21 million coins and 12 million have already been mined. So, about half of the bitcoin wealth is already owned.
There are things called "altcoins." LItecoin and feathercoin. There are more of these types and they are mined with high end graphics cards. I mine feathercoin more as a hobby, since i haven't invested anything into them. I suggest the same to most people. Don't invest in bitcoin and mining hardware.
If it starts to get adopted as a currency, go lite, there are no refunds or anything like with banks. This is the main reason why corporations are considering accepting bitcoins.
You have to basically barter which coins you have with other people. Some of them are very smart and skilled at ripping people off. If you go to and exchange, for example, sure the coin might be worth 500-1400 at any given time. but they don't mention the hassle you will go through to ensure a proper exchange for USD.
Add about 14 more cyber coins to your statement and you'll get a feel of where and what the folks are trying to push where the exchange is headed,
As I said: the economy is begging for a world wide nutural exchange and bitcoins at the moment rules.
I would bet in the near Century that we adopt a new currency that is across the board.
Proven anything the Government has a hand in fails with time.
Litecoin and feathercoin (among others) are farmed using the Scrypt algorithm. This algorithm is best used with AMD video cards.
Could not find a graph that included August 13'to present but you get the idea
Post a reply to: Anybody invest in Bitcoin?