We use Bitcoin ;) - page 45

David Kelly
13
David Kelly  
I dont like bitcoin at all. No idea why we should trade something that does not actually exit in this world.  สอน forex 
yenPound
290
yenPound  
fufighter:
I dont like bitcoin at all. No idea why we should trade something that does not actually exit in this world.  สอน forex 
is this a joke ? got my finger crossed hoping not !!
Mawreen Lawson
460
Mawreen Lawson  
techmac:

You are right. It is a game for the rich for now

Most financial markets business is a game for the rich. For example Ernst & Young, the London-based professional services multinational company, announced it will auction 24 518 bitcoins that were seized during a criminal investigation. The auction will take place in Sydney in June.

At current prices the bitcoins would cost $13 million, as in the past weeks the price of the cryptocurrency surged to its highest levels in the past 2 years and passed the $530 mark. According to Adam Nikitins, partner in Ernst & Young, quoted by media, the seller expects interest from asset investment managers, currency exchanges, investment banks and hedge funds in North America and Europe. “The number of bitcoin transactions since 2012 has quadrupled and parties are seeing more opportunities and uses for the technology,” Nikitins told Reuters.

krelian99
1202
krelian99  
AngelGirl:
Many people find that the best way to get bitcoins is to accept them as payment for the products or services they already sell. Just give your customers the option to pay in bitcoin. Is that true??

Many people? Who? Criminal people or institutional investors? Not many normal people would take the risk of currency fluctuations, especailly if they are that high as here.

You can buy bitcoin on ebay from some dubious sellers - or let me rephrase it: you pay for it but you never will see it on your account. Just looked and first offer I opened is from a guy with 0 ratings - guess why.

sebatian
676
sebatian  
AngelGirl:
Many people find that the best way to get bitcoins is to accept them as payment for the products or services they already sell. Just give your customers the option to pay in bitcoin. Is that true??

What are you talking about?

Do you actually know what are you talking about?

Oh well : one more

Diana Jackson
915
Diana Jackson  
mlawson71:
Most financial markets business is a game for the rich. For example Ernst & Young, the London-based professional services multinational company, announced it will auction 24 518 bitcoins that were seized during a criminal investigation. The auction will take place in Sydney in June.

At current prices the bitcoins would cost $13 million, as in the past weeks the price of the cryptocurrency surged to its highest levels in the past 2 years and passed the $530 mark. According to Adam Nikitins, partner in Ernst & Young, quoted by media, the seller expects interest from asset investment managers, currency exchanges, investment banks and hedge funds in North America and Europe. “The number of bitcoin transactions since 2012 has quadrupled and parties are seeing more opportunities and uses for the technology,” Nikitins told Reuters.


You're right, I have no idea how an ordinary trader would be able to participate in an auction like this. That said, there are some traders out there who make quite a bit of money, so who knows.

whisperer
1880
whisperer  
dianajs:


You're right, I have no idea how an ordinary trader would be able to participate in an auction like this. That said, there are some traders out there who make quite a bit of money, so who knows.

Bitcoin is just a money laundering game. And it is not meant for the poor
myname
3231
myname  
whisperer:
Bitcoin is just a money laundering game. And it is not meant for the poor

Isn't that the same with all the money laundering games :)

thenews
28438
thenews  

Bitcoin Loses 25% in Five Days as Brexit Odds Fall, Ether Sinks


Bitcoin plunged for a fifth day as concern Britain will vote to leave the European Union waned and a hack suffered by another cryptocurrency undermined confidence in such digital assets.

Bitcoin slid 6.1 percent to $573.84 as of 1:31 p.m. in Hong Kong on Thursday, data compiled by Bloomberg show, extending a precipitous drop from a two-year high reached just last Friday. The price has lost about 25 percent in the five-day period.

Bitcoin, like gold, has been tracking the odds of Brexit on the eve of the referendum on Thursday as investors speculated over such an outcome, which governments and central banks have warned may spark turmoil. Confidence in bitcoin was also shaken this week as another virtual currency ether plunged after a hack removed some digital money, while a bitcoin exchange temporarily suspended trading this week amid technical issues.

"With the Brexit deadline approaching we’re starting to see a genuine concern for what’s to come, and this of course has been reflected across the global markets space, which does include bitcoin," said Ryan Rabaglia, head of wholesale product management at ANX International in Hong Kong. "We had a surprise earlier this week of a prominent exchange having technical difficulties. As it is in the world of bitcoin, when that happens, everyone panics and assumes the worst."

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thenews
28438
thenews  

Bitcoin gains validity as digital gold after Brexit vote


Hard-working Britons with their life savings stashed in British pounds woke up Friday morning about 8 percent poorer after their country voted to leave the European Union.

Meanwhile, bitcoin investors were shielded from the Brexit news: They enjoyed an almost 9 percent jump in the value of their holdings.

It's the type of event that bitcoin enthusiasts, many in the technology industry, have anticipated because of growing political and economic instability in many regions of the globe. Meanwhile, legions of skeptics have criticized the cryptocurrency as a high-risk bet on an unprotected and unregulated alternative to money.

"Bitcoin is effectively becoming digital gold," said Ashvin Bachireddy, co-founder and general partner at Geodesic Capital, a Silicon Valley venture capital firm that backed bitcoin start-up 21 Inc. "You can continue to see further validation of bitcoin as something detached from a centralized government that allows people who work to preserve wealth in a secure way."

Not that Bachireddy — or any credible bitcoin investor — is recommending selling all your pounds, euros or dollars in favor of the cryptocurrency. There is tremendous volatility involved, and the currency still has limitations in how and where it can be used.

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