Posted on 11/28/2013 6:29:04 AM PST by Errant
Despite the US being largely on holiday, the demand for digital currencies continues to surge. Bitcoin has rallied another 10% overnight as Chinese appetite for alternative stores of value remains unabated (BTC China is nearing its record highs) as USD/BTC is trading at $1170 - on its way to crossing the Maginot line of gold's spot price (within a few hours at this pace). Bitcoin though has nothing on its smaller cousin Litecoin which has now run from $1.11 to over $48 in the last 5 weeks. In fact, almost every crypto-currency in the world - from Infinitecoin to AnonCoin is surging... with only the ironically named PhoenixCoin (-68% overnight) not rising from the flames of fiat torment.
Bitcoin is making new highs in USD...
Getting close in China...
and Litecoin is exploding...
BMFL
Scroll to the bottom and you'll see a button for paying for your purchase in Bitcoin. I've never used them, so I have no idea of the quality of service. There are plenty of other places to spend your coin as well.
BTFATH.
Volume is very light compared to the last run-up in April.
Not many are actually trading at these levels.
Whoops looks like the chart I posted did not preserve volume information. Click the "show volume bars" box in the upper right hand side.
I hear ya; that’s only what they know about.
Some have said that the only reason the whole bitcoin system is working is that only a few speculators and tech nerds are using it.
If it got to the point where the average Joe was walking into a restaurant to buy a cheeseburger with some bitcoin fragments, then the logging of all the transaction would become impossibly unwieldy.
"One is located in Russia, Europe, and the other one in Pennsylvania, United States."
:-)
If anyone knows of a good bitcoin auction site, please post to me. Thank you. I used to use bitmit, I think it was, but it went out of business. And I occasionally have things I’d like to sell for bitcoin.
Thanks in advance.
I have some Tulip bulbs to sell.
Brother are some people gonna get burned on this deal YOWZERS!
Coinbase.com
This guy got in early but threw it all away, literally:
Ooops! But this is also what makes it look like a scam to me. Whoever started the the whole thing could be sitting on thousands of bitcoins that were made with little effort at the beginning. And now that would be a multimillion fortune.
At least this is voluntary.
/johnny
I wish all who are into this the very best.
Y’all might be light years ahead of the rest of us.
I believe I will pass.
Do you accept payment in Bre-X stock?
Thanks, and back at ya... ;)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.