26 Nov '13, 6pm

Bitcoin

Bitcoin

Related: Bitcoin's Price Swings Threaten Its Chance of Being a Real Currency This is because Bitcoin has no intrinsic or determinable value. Bitcoin's adherents refer to it as a "store of value," but Bitcoin is only a "store of value" because, right now its price keeps going up. Unlike gold or dollars or other things that have widely accepted utility, Bitcoin's price is currently determined entirely by what someone else is willing to pay for it. Right now, because Bitcoin's price is going up, and Bitcoin is in relatively short supply, people are willing to pay almost $1,000 for it. And the ever-increasing demand for Bitcoin will keep driving the price up until people don't want to buy or hold it anymore. At that point, by the way, unless Bitcoin has become widely accepted as a legal means of exchange (as "money"), the price of Bitcoin will collapse. And anyone who thinks t...

Full article: http://finance.yahoo.com/blogs/daily-ticker/bitcoin-headi...

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BITCOIN $1000

BITCOIN $1000

businessinsider.com 27 Nov '13, 3pm

Demand has surged this month as demand from China picked up , and the digital currency received coverage as it underwent t...

Bitcoin’s skyrocketing value ushers in era of $1 million hacker heists

Bitcoin’s skyrocketing value ushers in era of $...

arstechnica.com 26 Nov '13, 6pm

A company billing itself as one of Europe's biggest Bitcoin exchanges said it suffered a coordinated attack that succeeded...

Bitcoin and Gold

blog.oleganza.com 26 Nov '13, 1pm

Bitcoin will eventually replace gold as a globally recognized “store of value”. Gold prices will go down 90-95% to the lev...

Once You Use Bitcoin You Can't Go 'Back' — And ...

wired.com 26 Nov '13, 2pm

And almost every bitcoin purchase needs to start with such a consuming, hastle-prone step if the buyer is unwilling to ris...

The Value Of SecondMarket's Bitcoin Trust Just Broke $50 Million

The Value Of SecondMarket's Bitcoin Trust Just ...

businessinsider.com 26 Nov '13, 10pm

The net asset value of SecondMarket's Bitcoin Trust has surpassed $50 million. As of 4 pm, the fund's assets under managem...

Cyberattack Leads to $1 Million Bitcoin Heist

Cyberattack Leads to $1 Million Bitcoin Heist

mashable.com 25 Nov '13, 5pm

Another Bitcoin company has fallen victim of a massive cyberheist. BIPS , one of the largest European Bitcoin payment proc...

Bitcoin

economist.com 28 Nov '13, 5pm

The researchers exploited a current weakness in most Bitcoin personal and server software, which generates single-use addr...

Bitcoin: Bitcoin under pressure | The Economist

economist.com 28 Nov '13, 5pm

The researchers exploited a current weakness in most Bitcoin personal and server software, which generates single-use addr...

@AdrianChen

nytimes.com 27 Nov '13, 12am

I wasn’t trying to manipulate an underground economy. I was just doing my job as a blogger for the website Gawker when I b...

Man Throws Away Trove of Bitcoin Worth $7.5 Million

Man Throws Away Trove of Bitcoin Worth $7.5 Mil...

mashable.com 27 Nov '13, 7pm

As Bitcoin hit $1,000 dollars on Wednesday morning, a lot of early adopters saw their Bitcoin, bought or mined for cheap y...

A Prediction: Bitcoin Is Doomed to Fail

myaccount.nytimes.com 27 Nov '13, 10pm

Log in to manage your products and services from The New York Times and the International New York Times. Don't have an ac...

Bitcoin prices top $1,000 via @CNNMoney

money.cnn.com 27 Nov '13, 3pm

Bitcoin has been on a spectacular run this year, soaring to new highs even though some thought the Bitcoin bubble burst in...

Bitcoin has a fatal flaw: Transactions are irre...

wired.com 26 Nov '13, 6pm

And almost every bitcoin purchase needs to start with such a consuming, hastle-prone step if the buyer is unwilling to ris...

$1 Million Heist Reminds Us That Bitcoin Is Nei...

gizmodo.com 25 Nov '13, 6pm

Let's play a little game called Good Idea/Bad Idea. Round One: Saving money. That's a good idea! Round two: Saving thousan...