Category Archives: Bitcoin

Bitcoin, the digital currency that took the world by storm about a year ago, is back in the news in a big way lately.

First, there is a San Francisco startup called Coinbase backed with over $100 million that has opened the first real marketplace for bitcoin. Coinbase has backers including the New York Stock Exchange and Andreessen Horowitz, and aims to provide real-time pricing and a true market for bitcoin.

At the same time, Internet entrepreneurs Tyler and Cameron Winklevoss are making the rounds talking up the potential of bitcoin, claiming the potential market could be in the trillions. Of course, they are talking their own book as they wait for regulators to sign off on the first exchange-traded fund that will hold bitcoins but considering there is just $3.5 billion or so held in bitcoins at present value, thats a big-time prediction.

So whats the score? Should investors see the decline in bitcoin prices over the last year and the recent buzz about the digital currency as a sign of hope?

No way.

The sad reality is that while there may be a select few that are going to make money on bitcoins, the vast majority of investors should not give bitcoin the time of day.

Heres why the cryptocurrency is little more than a technological quirk, and has no place in your portfolio:

No True Value: Proponents like to talk about how bitcoin has no central bank or authority behind it as a net positive, but that fact also means a lack of true value. A bitcoin, then, is simply worth whatever a random person is willing to pay derisively known as the greater fool theory, because profits rely on your ability to find someone more foolish than yourself who is willing to buy higher.

Anonymity Is a Double-Edged Sword: Another purported benefit that the currency is frictionless meaning that there arent added costs associated with moving transactions through a megabank or credit card processor and anonymous. This is great when youre trying to keep a deal under the radar from the police or the tax man but if your account is hacked and your bitcoins are stolen, you have little recourse to catch the thieves. Thats what apparently happened to Mt. Gox in 2014 when hackers made off with bitcoins worth about $460 million at the time.

Big Volatility: These characteristics, naturally, lead to big risks in bitcoin and subsequently, big volatility in the price of the digital currency. While bitcoin surged from about $13 in January 2013 to a peak of roughly $1,150 at the end of November 2013, prices were as low as $178 a few weeks ago. Such a wild range in roughly two years should show how speculative bitcoin is.

Continued here:
Jeff Reeves's Strength in Numbers: Bitcoin has no place in any portfolio

The BitCoin Is Rising
The BitCoin Is Rising James McCarthy (nefario), originally from Ireland, worked as an engineer at Sun Microsystems for a short time on Solaris. Spent 2 years teaching English in m. Nefario...

By: Ward Swett

Read the original:
The BitCoin Is Rising - Video

Paul Snow - Passing Bitcoin
2014 Texas Bitcoin Conference in Austin, Texas. http://TexasBitcoinConference.com.

By: Texas Bitcoin Conference

Read more:
Paul Snow - Passing Bitcoin - Video

Adding Bitcoin Account to MMM
How to Add Bitcoin Account.

By: Elmer Labinghisa

Read the original post:
Adding Bitcoin Account to MMM - Video

Bitcoin price surges back above 300 - Jan 26 2015
Bitcoin price analysis of the 1-2-3 bottom formation we saw established throughout the month of January. I am expecting the market to make a consolidation in this area before prices confirm...

By: Bitcoin Price Review

Read more:
Bitcoin price surges back above 300 - Jan 26 2015 - Video

Ryan X Charles - How I quit my PhD and went full time Bitcoin
2014 Texas Bitcoin Conference in Austin, Texas. http://TexasBitcoinConference.com.

By: Texas Bitcoin Conference

Read the original post:
Ryan X Charles - How I quit my PhD and went full time Bitcoin - Video

D2P5 - TNABC 2015 - PETER TODD - BITCOIN CORE DEVELOPER - Bitcoin 1.5
TNABC 2015 - PETER TODD BITCOIN CORE DEVELOPER - Bitcoin 1.5 Bitcoinist.net Presents in Association with TNABC This Video is for archival purposes. http://btcmiami.com - http://bitcoinist.net.

By: Bitcoinist.net

Excerpt from:
D2P5 - TNABC 2015 - PETER TODD - BITCOIN CORE DEVELOPER - Bitcoin 1.5 - Video

Our Massive 62% Bitcoin Trade!
Join me - http://www.bitcointradingacademy.com Connect with Chris: https://twitter.com/ChrisDunnTV https://www.facebook.com/TheRealChrisDunn http://instagram.com/chrisdunntv ...

By: Chris Dunn

More here:
Our Massive 62% Bitcoin Trade! - Video

As Featured in: RUPIAH BASED

Trading Bitcoin in Rupiah - Indonesia's Currency. We accept deposit from various banks.

Protected by high grade SSL, 2-Factor Authentication, Secure Offline Storage, and more

Instant deposit and withdraw Bitcoin. Deposit and Withdraw Rupiah via Bank Transfer in less than 1 hour.

Our customer services are available almost 24 hours, all tickets will be processed under 1 hour.

With Bitcoin, there is no way to impersonate yourself. Transaction is done securely and anonymously. You can send payment without revealing your identity.

Bitcoin allows you to send and receive payments at very low cost. Except for special cases like very small amount of payments, there is no enforced fee. It is however recommended to pay a higher voluntary fee for faster confirmation of your transaction and to remunerate the people who operate the Bitcoin network.

Bitcoin transactions are secured by military grade cryptography. As long as you take the required steps to protect your wallet, Bitcoin can give you full control over your money and a strong level of protection against many types of fraud.

Bitcoin works everywhere and anytime. Bitcoin covers global transaction in anywhere in the world. The Bitcoin network never sleeps, even on holidays!

NOTICE Bitcoin trading can be considered a high-risk activity, where Bitcoin prices are volatile, and can swing wildly, from day to day. Please use your extreme judgement when making the decision to invest in, or to sell, Bitcoins. PT. Bitcoin Indonesia is not soliciting for users to buy or sell Bitcoins, as an investment, or for profit. All Bitcoin trading decisions should be made independently by the user.

View original post here:
Bitcoin Indonesia - Buy & Sell Bitcoin in Rupiah

BTCDEMON.com - 2k Satoshi Faucet Promo + Pick Your Own Dice Numbers bitcoin gambling
Luckily for you, they have no referral link yet: https://www.btcdemon.com/ I put in 0.0021 into this site to test it out and ended up winning some. Keep in mind, the video playback is at...

By: S Gal

Originally posted here:
BTCDEMON.com - 2k Satoshi Faucet Promo + Pick Your Own Dice Numbers bitcoin gambling - Video