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22-12-2017, 01:13 AM
21

Re: Bitcoins

Yes but it's not like other currencies is it. How do you measure the value? There is no central bank so there is no central control mechanism. There seems to be no control over its ability to appreciate infinitely. Anyone buying bitcoins now they are at such a high value has more money than sense because there is nothing to back it. Where is the security? It's like a vacuum. Those people who have managed to benefit from its rapid appreciation would do well to crystalise those gains before they turn to pixie dust.
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lovemyboys
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22-12-2017, 01:28 AM
22

Re: Bitcoins

Right now, a bitcoin is 20185.57 Canadian!
Maybe they are the future, but at that price they're sure not in mine!
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swimfeeders
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22-12-2017, 07:32 AM
23

Re: Bitcoins

Hi

I do not trust anything I cannot fold and stick in my pocket.
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Lila
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22-12-2017, 08:16 AM
24

Re: Bitcoins

Not even a debit card?
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swimfeeders
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22-12-2017, 08:27 AM
25

Re: Bitcoins

Originally Posted by Lila ->
Not even a debit card?
Hi

That is just a way of getting the folding stuff.
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summer
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22-12-2017, 08:34 AM
26

Re: Bitcoins

Originally Posted by summer ->
One of my son's friends bought 15 bit coins when they were launched a few years ago, I forget the figures involved but his investment has increased massively, I mean really of the scale. He has sold some of them but kept some too.

If only I had had a crystal ball
Oops sorry I was talking about Bitcoin shares here.
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Fogey
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22-12-2017, 08:52 AM
27

Re: Bitcoins

Analysis from the web.

"How Much was 1 Bitcoin Worth in 2009?

Bitcoin was not traded on any exchanges in 2009. Its first recorded price was in 2010. Technically, Bitcoin was worth $0 in 2009 during its very first year of existence!

How Much was 1 Bitcoin Worth in 2010?

Bitcoin's price never topped $1 in 2010! Its highest price for the year was just $0.39!

What Determines Bitcoin's Price?


Bitcoin’s price is measured against fiat currency, such as American Dollars (BTCUSD), Chinese Yuan (BTCCNY) or Euro (BTCEUR). Bitcoin therefore appears superficially similar to any symbol traded on foreign exchange markets.

Unlike fiat currencies however, there is no official Bitcoin price; only various averages based on price feeds from global exchanges. Bitcoin Average and CoinDesk are two such indices reporting the average price. It’s normal for Bitcoin to trade on any single exchange at a price slightly different to the average.

A common way to gauge demand from new entrants to the market is to monitor Google trends data (from 2011 to the present) for the search term “Bitcoin.”

Such a reflection of public interest tends to correlate strongly with price.

High levels of public interest may exaggerate price action; media reports of rising Bitcoin prices draw in greedy, uninformed speculators, creating a feedback loop.

This typically leads to a bubble shortly followed by a crash. Bitcoin has experienced at least two such cycles and will likely experience more in future."


A Bitcoin is a trend, a fad, describe it what you like.

It was built from nothing, has no monetary value other than what some greedy sucker is willing to pay for it and will eventually crash.
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22-12-2017, 11:33 AM
28

Re: Bitcoins

What goes up must go down....Today's headline :

"LONDON/TOKYO (Reuters) - Bitcoin plunged below $13,000 (£10,970) on Friday after losing around a third of its value in just five days, with the digital currency on track for its worst week since 2013 after a blistering ascent to a peak close to $20,000 on Sunday."

https://www.reuters.com/article/uk-g...-idUSKBN1EG0A8
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22-12-2017, 01:48 PM
29

Re: Bitcoins

Easy come, Easy go.
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02-04-2018, 10:53 AM
30

Re: Bitcoins

Can anyone explain this to me ?
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