Bitcoin is going beserk!
Just a couple of days ago, one bitcoin was around $140 AUS.
As of posting, it's $192 AUS.Bitcoin is extremely volatile of course and can go either way.
I think the closure of Silk Road has had a good effect. And the fact that Bitcoin has rallied since, has given it serious street cred.
http://preev.com/btc/aud
Well ... if (when) the u$ dollar tanks it could prove profitable to bitcoin holders ... providing there is a market.
One of the "normal" flight to safety investment vehicles (US bonds/10 year notes etc) would be part and parcel of said tanking.
People will panic and want to find a "safe" place to park their moneys.
***Nothing on paper*** will be safe. Get it??? Tangible real assets (food number one on the list) and survival/prepper items should be a priority if you have disposable income and hope to continue in this world gone mad.
Hopefully ... when/if the Archons get ousted we can find ourselves with the option to have no money based system at all ... alas ... dreaming again eh?
Last edited by Calz, 22nd October 2013 at 13:58. Reason: adding
My first post on this was 22 Oct 2013 at $192 Aus.
Just now it's at $325 AUS:
http://preev.com/btc/aud
Going Berko indeed! As a newbie and volatile digital currency, it could easily go arse up. But I'm predicting it may go to $1,000 AUS or US per bitcoin within 6 months, if it keeps on at this speed.
All the instability in the marketplace is giving this start up currency a little gravitas.
But I should not speak too soon.
Last edited by Sooz, 8th November 2013 at 06:19.
A bit of recent news on mainstream news:
http://www.cnbc.com/id/101176614
It was suppose to raise above the 200 dollar mark from the dow jones index, predicted 6 mouths ago,haven't looked at it since, i posted it in the old tot, if i find the chart i will repost it.with the lack of confidence in the u.s. it leaves money movers nervous and they are in search for alternatives, but when you get these types of huge sudden movements ,its the banks and large corporate investors doing it,not the little money people investors.So hold on to your hat, as it should be a roller-coaster.
Well check this link out http://news.sky.com/story/1161340/bi...gotten-fortune
wow
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Originally posted by Sooz
My first post on this was 22 Oct 2013 at $192 Aus.
Just now it's at $325 AUS:
http://preev.com/btc/aud
Going Berko indeed! As a newbie and volatile digital currency, it could easily go arse up. But I'm predicting it may go to $1,000 AUS or US per bitcoin within 6 months, if it keeps on at this speed.
All the instability in the marketplace is giving this start up currency a little gravitas.
But I should not speak too soon.
My first thought: BUBBLE - which can be advantageous IF you get out before it bursts. Usually Bubbles are being manipulated by someone for their own benefit.
Funny how you can buy bitcoin with "useless" Fed Reserve dollars. The volatility of bitcoin makes it seem like another funny money to me. I pay little attention to bitcoin. It makes my wizzy senses tingle.
Bit coin still going berko.
Now nearly $aus 500 per one bit coin.
Click on the preeve button above. Sorry, on my iPad
Apparently the Chinese market is sending it higher.
Is it just me or it really seems that bitcoin exists or coexists very peacefully along the other world currencies. The bankers seem no worried about it at all or at least I haven't read anything about the mainstream resistance against the bitcoin. There is something fishy here but I can't tell what is going on. I completely agree with BAbara and modwiz.
Well the idea at the heart of the matter was to take the monetary control *out* of the hands of the banksters.
Modwiz makes a good point regarding "worthless federal reserve notes" (which I eluded to earlier in the thread).
At some point toilet paper will have more use than paper monetary a$$ets (pun intended).
Where bitcoin falls in that ... who knows?
My initial (brief) interest in bitcoin (aside from the middle finger salute to the banksters) was due to my investment history in that I saw the potential for a big short term "in then out" profit. Take your profits and buy something useful ... like toilet paper
I agree Calz, if you are a good day trader, Bitcoin like anything else could be a good investment, but in the end, if this whole thing goes belly up, would you trade food or toilet paper for bitcoin? . . . or even gold or silver?!?!
I "daytraded" futures (commodities) ... not sure there is enough liquidity in bitcoin for that.
My point was using bitcoin profits to purchase more useful things (food, toilet paper, silver or gold).
Cannot eat paper (or digital) money ...
Altaira (18th November 2013)
Interesting. From mainstream news outlet no less ...
__________________
Virtual currency can get you a real Subway sandwich in Pennsylvania
Bitcoin may be a virtual currency, but it's real enough to get you a big sandwich at one Subway location.
A shop in Allentown, Pa., has made history of sorts by becoming one of only two Subways in the world — the other is in Moscow — to accept bitcoin for payment. Bitcoin is a digital currency created by a network of online operators that has been soaring in value recently, with one unit now worth more than $600.
http://www.nbcnews.com/business/virt...nia-2D11613670
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