14 Feb '13, 8pm

Bitcoin

Earlier today, the price of Bitcoins rose above $27 for the first time since 2011. That represents a doubling of the $13.50 price of Bitcoins at the start of 2013, which in turn, was nearly triple the $4.75 value of Bitcoins at the start of 2012. Of course, $27 is not an all-time record price for Bitcoins. The record-high price of just under $32 was reached on June 8, 2011. The price then crashed, falling to a low of $2 in November of 2011. By the end of 2011, almost everyone regarded the peak of $32 as a crazy bubble, and the subsequent decline as a restoration of sanity. Including me: in August 2011 I predicted that the Bitcoin economy would gradually deflate until it had dwindled away to nothing. Obviously I was wrong. By January 2012, prices had risen again from $2 to about $7. That price increase persuaded me that Bitcoin wasn’t a fad after all. The fact that people w...

Full article: http://www.forbes.com/sites/timothylee/2013/02/14/why-i-d...

Tweets

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motherboard.vice.com 13 Feb '13, 3pm

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thebitcointrader.com 14 Feb '13, 11pm

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venturebeat.com 15 Feb '13, 12am

Community news-sharing site Reddit is the latest in a small (but growing) list of online services that are now accepting B...

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geek.com 13 Feb '13, 8pm

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bitcoinmagazine.com 14 Feb '13, 6pm

Network hash power is currently at around 25 TH/s , suggesting that many Avalon customers still have not received their ri...

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bitcoinmagazine.com 14 Feb '13, 9pm

Reddit has just announced that they are now accepting Bitcoin as payment for their premium Reddit Gold service. As Reddit ...

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thebitcointrader.com 14 Feb '13, 8pm

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domainshane.com 14 Feb '13, 7pm

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reddit.com 14 Feb '13, 8pm

Not to mention reddit accepting bitcoins will actually do a lot for the stability of bitcoin value. Now, you can ALWAYS bu...

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bitcointalk.org 15 Feb '13, 7pm

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bitcoins.tumblr.com 07 Feb '13, 11am

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Could Amazon's New Virtual Currency Rival Bitcoin?

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dailypaul.com 13 Feb '13, 5pm

Last week Amazon announced a new way for customers to buy and sell goods on its massive online retail platform: a virtual ...