Why cyber currency Bitcoin is trading at an all-time high

Why cyber currency Bitcoin is trading at an all-time high - Mar. 6, 2013

money.cnn.com 06 Mar '13, 4pm

Why cyber currency Bitcoin is trading at an all-time high

Bitcoin sounds like something from science fiction: A purely digital currency, created by an anonymous hacker, that operates outside the world's traditional banking systems. The four-year-old currency is very real, though, and it's trading an all-time high, tripling in value in the last two months alone. One bitcoin is was worth about $40 U.S. dollars on Tuesday, and surged on Wednesday to nearly $49. That's up from around $13 in January, and 5 cents in 2010, according to Mt. Gox , the bitcoin market's main exchange. On that and other trading sites, buyers can swap their digital coins for cold, hard cash. Watchers of the alternative currency attribute some of bitcoin's rise to the recent decision by several popular-in-geek-circles vendors to accept the coins -- most notably, blog hosting site Wordpress and the online community Reddit . "These guys are killing it on retail,...

Full article: http://money.cnn.com/2013/03/06/technology/innovation/bit...

Tweets

@BLKROCKET » 26 Mar '13, 7pm
Why cyber currency Bitcoin is trading at an all-time high [link] the cyber bubble crash
@bitcoinven » 26 Mar '13, 2am
¿Por qué Bitcoin cyber moneda se negocia a un máximo histórico [link] via @ CNNMoney # TO300W13
@akmccoy9 » 26 Mar '13, 1am
@gpetersn Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney #TO300W13
@OffshoreMaven » 20 Mar '13, 8pm
Why cyber currency Bitcoin is trading at an all-time high - Note: see the video Invest Offshore with Bitcoin [link] CNNMoney
@scgist » 18 Mar '13, 2am
@GavinVerhey I remember mentioning this to you yesterday. [link]
@GNULinuxGuy » 14 Mar '13, 7am
RT @LiveFreeMax: Why cyber currency #Bitcoin is trading at an all-time high [link] #EndTheFed #RonPaul #preppers #money #banksters #Africa
@LiveFreeMax » 14 Mar '13, 7am
Why cyber currency #Bitcoin is trading at an all-time high [link] #EndTheFed #RonPaul #preppers #money #banksters #Africa
@forexpro13 » 13 Mar '13, 5pm
RT @nanewsnetwork: Why cyber currency Bitcoin is trading at an all-time high - Mar. 6, 2013. [link] #NoAgenda
@nanewsnetwork » 13 Mar '13, 5pm
Why cyber currency Bitcoin is trading at an all-time high - Mar. 6, 2013. [link] #NoAgenda
@messo85 » 13 Mar '13, 1pm
RT @waagenilsen: Bitcoins - en heldigital, virtuell valuta - er tredoblet i verdi på to måneder. [link]
@BraveNewMoney » 12 Mar '13, 10pm
RT @edgarkampers: CNN-money: Why cyber currency Bitcoin is trading at an all-time high [link]
@waagenilsen » 12 Mar '13, 12pm
Bitcoins - en heldigital, virtuell valuta - er tredoblet i verdi på to måneder. [link]
@CheshireKaz » 12 Mar '13, 10am
RT @REconomyProject: Why cyber currency Bitcoin is trading at an all-time high "Bitcoin: A purely digital currency, created by an... [link]
@Eastreadingcom » 12 Mar '13, 9am
Why cyber currency Bitcoin is trading at an all-time high [link] With QE debasing sterling/ dolar is there an alternative?
@Fair4All_NL » 12 Mar '13, 9am
Dit is precies waarom Bitcoin geen sociaal verantwoord alternatief is. Fair4All ([link] ) is vrij... [link]
@HJ91 » 12 Mar '13, 8am
RT @SocialTradeOrg: RT @Qoinorg: CNN-money: Why cyber currency Bitcoin is trading at an all-time high [link]
@SocialTradeOrg » 12 Mar '13, 8am
RT @Qoinorg: CNN-money: Why cyber currency Bitcoin is trading at an all-time high [link]
@dimasmjunior » 12 Mar '13, 2am
Why cyber currency Bitcoin is trading at an all-time high, according to @CNNMoney: [link]
@forexpro13 » 11 Mar '13, 9pm
RT @AbyssMag: Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney
@virtuallylaw » 11 Mar '13, 6pm
RT @yoniassia: Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney $etoro
@LBITech » 11 Mar '13, 2pm
Bitcoin the Official cyber currency, LBI Tech is now building Platforms to support bitcoin commerce!... [link]
@MHulme2574 » 10 Mar '13, 10pm
[link] @AddisonTodd Check this out, Sir.
@BizCoachSteve » 10 Mar '13, 2pm
Why cyber currency Bitcoin is trading at an all-time high - Mar. 6, 2013 - Mozilla Firefox [link]
@2kan » 10 Mar '13, 5am
"The U.S. dollar is an obvious Ponzi scheme," said Stefan Thomas, founder of community site We Use Coins [link]
@yoniassia » 09 Mar '13, 6pm
Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney $etoro
@ToshibaInnovate » 09 Mar '13, 11am
#DYK?: there is an online currency not associated with any country! Bitcoin is trading at an all-time high: [link]
@aztocas » 09 Mar '13, 6am
want an alternative to world currencies and gold? [link] via @CNNMoney
@Hermetec » 08 Mar '13, 11pm
RT @cryptocoinage: CNN Money: Why cyber currency #Bitcoin is trading at an all-time high - [link]
@alisinawi » 08 Mar '13, 10pm
RT @dgcmagazine: CNN Money - Why cyber currency Bitcoin is trading at an all-time high [link]
@flinx15 » 08 Mar '13, 7pm
RT @debborahbrega: Barely legal : Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney
@debborahbrega » 08 Mar '13, 7pm
Barely legal : Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney
@PlanetaryPhilo » 08 Mar '13, 3pm
Why cyber currency is trading at an all-time high [link] #Bitcoin #CryptoCurrency #Economy via @SEDNetwork
@BrandProtectSM » 08 Mar '13, 3pm
RT @BP_Operations: Do you have some #Bitcoin [link]
@BP_Operations » 08 Mar '13, 2pm
Do you have some #Bitcoin [link]
@coinlab » 08 Mar '13, 7am
RT @Joshua_Muller: Why cyber currency #Bitcoin is trading at an all-time high [link] via @CNNMoney
@k_ishik » 08 Mar '13, 7am
RT @michel64: bitcoin、マジで来てるの？ wiki見ると怖いんですけど… [link]
@michel64 » 08 Mar '13, 7am
bitcoin、マジで来てるの？ wiki見ると怖いんですけど… [link]
@MzHBNY » 08 Mar '13, 5am
Bitcoins$$$$?? This is kinda cray #NewMoney [link]
@OTPGlobal » 08 Mar '13, 1am
RT @OHPirateParty: $BTC (#Bitcoin) currency up almost 280% against the $USD (#USdollar) since January [link] (via @CNNMoney) #News #Economy
@OHPirateParty » 08 Mar '13, 12am
$BTC (#Bitcoin) currency up almost 280% against the $USD (#USdollar) since January [link] (via @CNNMoney) #News #Economy
@alexobrate » 08 Mar '13, 12am
Do you know about the cyber currency #Bitcoin - it's trading at $40 U.S - [link]
@Yanyaneta_Luis » 07 Mar '13, 11pm
Why cyber currency Bitcoin is trading at an all-time high [link] vía @CNNMoney
@SEDNetwork » 07 Mar '13, 9pm
Why cyber currency #Bitcoin is trading at an all-time high [link] #CryptoCurrency #Economy
@y354587 » 07 Mar '13, 7pm
Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney #Cyber #Computer #Online #Internet.
@nicholasbrack » 07 Mar '13, 5pm
The Nakamoto Central Bank vs the Federal Reserve? [link] via @CNNMoney #federalreserve #currency
@Alyssa_Chicago » 07 Mar '13, 5pm
#Bitcoin, the online form of money, is taking off! Crazy! [link] #technology #Chicago
@cmarcussen » 07 Mar '13, 5pm
Keeping an eye on them. Why cyber currency Bitcoin is trading at an all-time high [link] via @MazumaCEO @ggregory @mattmonge
@meincoach » 07 Mar '13, 3pm
in control of your money? @binneugierig Why cyber currency Bitcoin is trading at an all-time high [link]
@rashi_daga » 07 Mar '13, 2pm
Interesting! Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney
@MarvnCH » 07 Mar '13, 2pm
RT @gianretoaporta: Why cyber currency Bitcoin is trading at an all-time high [link] via @CNNMoney