Bitcoin lost 50% of its value today
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The "bitcoin" climbing
....to infinity, and beyond???
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Bitcoin Hits New Record, Crosses $250
by Tyler Durden on 04/10/2013 08:12 -0400
It seem like it was only yesterday that Bitcoin crossed $200 for the first time. Oh wait, it was. It is now 24 hours later, and as parabolic rises imply, it is only "fair" that the price of the electronic currency (expressed in the same currency that incidentally can be created out of thin air and is used to transact for BTC) is some 25% higher, or well over $250.... In one day.
As before we will merely continue to watch in quiet amazement as the parabolic chart gets parabolic-er, but we will suggest this: those who absolutely must chase this runaway chart should not "invest" one penny more than they are comfortable losing, and as we said before, "This leaves us with the question, which line item on the Fed's Balance Sheet is 'Virtual Currency Transactions'... what better way to destroy an up and coming currency competitor than to blow a bubble in it and explode it?" Because the fervor for BTC now will only turn to all out loathing and disgust if and when one of the major buyers in the illiquid market decided to take out all stops to the downside (if only Mt Gox had stops that is) and send the price of BTC, expressed in paper money and thus analyzed not as a currency but as an asset, plunging.
http://www.zerohedge.com/news/2013-04-10/bitcoin-hits-new-record-crosses-250
Bitcoin lost 50% of its value today
The unbeatable Bitcoin Charts and Bitcoin Trading site - Bitcoin Charts Analysis (Home)
What a ride!
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
I actually have four of these, given to me free! I thought it was a joke at first but it has been fun to watch.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
James and all, Did you click on the 'more' link?!? The comments to the article (especially the first one) are HILARIOUS!!
Sorry, but I don't think it would be appropriate for this forum to copy it....it's a little RAW. But way FUNNY, just the same. Check it out, you will laugh your A$$ off!!
BITcoin rules!!
There are 10 types of people in the world. Those who know binary, and those that don't!!
Retired on December 31, 2018!!
I wouldnt buy this with birchtrees money
11.80% for 2012, 24.79% for 2013, -5.13% for 2014 , 4.94% for 2015 WTF?, -0.04% for 2016 , 13.09% for 2017======= 8.23% , Moved to Vanguard in 2018
Well,
For those who doubt it's validity: CFTC Considering Bitcoin Regulation - Business Insider
So:
1. If the regulatory commission recognizes it,
2. Regulates and monitors it,
3. and the masses use it,
Then Birch's money is safe and it can be used as an investment option.
BUT
Until it is professionalized, the market isn't ready for it.
However, I would tell all my FOREX people, beware, this could be that opportunity to get in on a GLOBALLY RECOGNIZED CURRENCY on the web, but only if it is protected better than AP's Twitter account.
And I don't see that happening.
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
BITCOIN's woes- some still waiting after exchange shuts down.
Weeks after shutdown, Bitcoin exchange customers still wait for refunds | Ars Technica
And another lawsuit could shutdown another Bitcoin exchange:
$75 million lawsuit could destroy bitcoin’s largest exchange
Be careful out there. Those who OWN the money in the world, don't like competition.
New highs for Bitcoin...
Tom
Market Commentary | My Blog | TSP Talk Plus | |
I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.
The competition will be CRUSHED!
Another humbling move for Bitcoin.
Link
Bitcoin crashes again: Is it over for the cryptocurrency?
THIS IS WHERE I WOULD PUT SOMETHING TO REPRESENT MY THINKING, BUT THEN THEY SHOW UP!
Tracker = Check my position
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