Our daily chart is on Bitcoin, whose record price looks like a bubble

Daily chart: A Bit expensive

economist.com 19 Mar '13, 3pm

Our daily chart is on Bitcoin, whose record price looks like a bubble

NOT MANY fund-managers have heard of Bitcoin, let alone put any of their clients’ money in it. But over the past few months, the world’s first “crypto-currency” has become one of the world’s hottest investments. Since September, when The Economist last wrote about it , the price of a unit of Bitcoin as recorded by Mt Gox, a popular Bitcoin exchange, has soared. Unlike other online currencies—such as the new Amazon Coins —the supply of Bitcoin is not determined by any central issuing authority. Instead, new coins are generated according to a predetermined formula by thousands of computers solving complex mathematical problems. As more coins are generated, these problems get ever more complex, increasing the cost of computing power necessary to generate them, and so setting a floor underneath the price. Mimicking gold, the currency is designed to be deflationary. However, th...

Full article: http://www.economist.com/blogs/graphicdetail/2013/03/dail...

Tweets

@SantiagoCoelloS » 04 Apr '13, 11am
¿Estamos ante la nueva burbuja del bitcoin? [link]
@jorgevalin » 04 Apr '13, 11am
RT @rodriguezbraun: Sube el bitcoin [link] En contra de esta moneda virtual: [link] Y a favor: [link]
@rodriguezbraun » 04 Apr '13, 11am
Sube el bitcoin [link] En contra de esta moneda virtual: [link] Y a favor: [link]
@Zarevac » 02 Apr '13, 6am
#bitcoin is doing good, despite the Economists analysis: [link] I do believe it has more potential as time passes by.
@UncleLeroy7up » 01 Apr '13, 8pm
RT @jonsakoda: Still confused about Bitcoin? I am fairly sure this is the only chart you need to understand before buying any... [link]
@jonsakoda » 01 Apr '13, 8pm
Still confused about Bitcoin? I am fairly sure this is the only chart you need to understand before buying any... [link]
@rohy » 01 Apr '13, 4pm
the economist waarschuwde 2 weken geleden dat er sprake zou zijn van een bitcoin-bubble: [link]
@galleryIntell » 01 Apr '13, 2pm
@shaneferro @Bitcoin it's all about perception, right? [link] @TheEconomist
@pabloryr » 30 Mar '13, 10am
BitCoin: for any currency to thrive it needs users, not just speculators. for now use it as investment, not exchange [link]
@BitcoinInsight » 29 Mar '13, 5am
Why do so many smart people think that BTC mining costs have any bearing on BTC price? [link] #BitCoin
@nickthepope » 28 Mar '13, 3pm
Fascinating concept (/response to global $ crisis) - not sure about @Bitcoin itself, but an idea to keep an eye on: [link]
@alexalibi » 25 Mar '13, 4pm
The Economist: "[Bitcoin's] primary commercial use is probably to buy drugs from Silk Road, a sort of pirate eBay." [link]
@coinners » 23 Mar '13, 12pm
The Economist classify #bitcoin as "a bit expensive" [link]
@sethiharpreet » 22 Mar '13, 6pm
Bitcoin bubble [link]
@etuncalp » 22 Mar '13, 2pm
Behold the great #bitcoin bubble. Check out @qz article [link] & @TheEconomist price/search chart [link]
@owenblacker » 22 Mar '13, 1pm
RT @zeb: The Economist covers Bitcoin now?! the future is here — Bitcoin's record price looks like a bubble [link]
@zeb » 22 Mar '13, 1pm
The Economist covers Bitcoin now?! the future is here — Bitcoin's record price looks like a bubble [link]
@scroobius_p1p » 22 Mar '13, 12pm
Brewing a Bitcoin Bubble: [link]
@KAL301 » 21 Mar '13, 8pm
Better come strapped with at least a half dozen pampers son... Shit done hit the fan.. [link] #bitcoin
@adjustmedia » 21 Mar '13, 9am
RT @theupmag: A bubble in virtual currency? Bitcoin is looking expensive. [link]
@shelfuu » 20 Mar '13, 10am
Economist states the obvious - 'Bitcoin's record price looks like a bubble' [link]
@davoutplantaire » 20 Mar '13, 10am
RT @Bitcoin_Central: #bitcoin is chart of the day on @TheEconomist ! [link]
@Bitcoin_Central » 20 Mar '13, 10am
#bitcoin is chart of the day on @TheEconomist ! [link]
@UpAndFunding » 20 Mar '13, 10am
A bubble in virtual currency? Bitcoin is looking expensive. [link]
@BlakeYo » 20 Mar '13, 7am
The Economist calls current bitcoin price a bubble. [link]
@noUpside » 19 Mar '13, 9pm
The Economist on Bitcoin: "For any currency to thrive it needs users, not just speculators." [link] search queries vs price
@noUpside » 19 Mar '13, 9pm
@NTmoney @robgo @leehower did you see the Economist article on searches for bitcoin vs price? [link]
@posada77 » 19 Mar '13, 8pm
A Bit expensive / Bitcoin's record price looks like a bubble [link]
@Coledun » 19 Mar '13, 7pm
@MGCR331 BitCoin: Sweeping the nation! [link]
@antoniogm » 19 Mar '13, 6pm
Fascinating plot of Bitcoin value with search queries. I'm sure Ben Davenport has an explanation for all this. [link]
@cryptocoinage » 19 Mar '13, 4pm
RT @BitCoinReporter: Bitcoin is Today's Chart of the Day in The Economist [link] #bitcoin
@an_tonova » 19 Mar '13, 4pm
"@EconSciTech: Our daily chart is on Bitcoin, whose record price looks like a bubble [link]" фор ю ваирс
@JoshLachkovic » 19 Mar '13, 4pm
Bitcoin's record price looks like a bubble [link] via @S8mB
@UsableMarkets » 19 Mar '13, 4pm
Bitcoin Bubble Baby! #woohoo #cryptocurrency [link]
@BitCoinReporter » 19 Mar '13, 4pm
Bitcoin is Today's Chart of the Day in The Economist [link] #bitcoin
@gonzoletti » 19 Mar '13, 3pm
Ch-ch-check it out @EconSciTech Our daily chart is on Bitcoin, whose record price looks like a bubble [link]
@stephenfoley » 19 Mar '13, 3pm
Devastating chart RT @dlknowles The price of Bitcoin v Google searches for "Bitcoin". A bubble in action: [link]
@cocodinos » 19 Mar '13, 3pm
RT @dlknowles: Daily chart: the price of Bitcoin tracked against Google searches for "Bitcoin". A bubble in action: [link]
@RodneyRamsey » 19 Mar '13, 3pm
Can't argue. RT @EconSciTech: Our daily chart is on Bitcoin, whose record price looks like a bubble [link]
@EconSciTech » 19 Mar '13, 3pm
Our daily chart is on Bitcoin, whose record price looks like a bubble [link]
@dlknowles » 19 Mar '13, 3pm
Daily chart: the price of Bitcoin tracked against Google searches for "Bitcoin". A bubble in action: [link]
@fabricedelaye » 19 Mar '13, 3pm
RT @EconSciTech: Our daily chart is on Bitcoin, whose record price looks like a bubble [link]
@MathieuPerona » 19 Mar '13, 3pm
RT @EconSciTech: Our daily chart is on Bitcoin, whose record price looks like a bubble [link]