[carlo3b]

I have been watching the live ticker on this site;
http://bitcoinwisdom.com/
It is a day trader wet dream, 200+ swings, which is what has my interest, not that I live that life, just curious..

I can’t bring myself to believe in this as anything more that another bubble fad that will make millions in the musical chairs scenario, waiting for the music to stop..

[Errant]

Yeah, pretty much fun for a trader. I used to do some of that in the past. It keeps price determination real, unlike the almost completely manipulated and HFT markets of today.

[Errant]

There is no doubt in my mind that Bitcoin and Cryptocurrency is going to create a disturbance in the "force". It is a game changer and a lot of powerful entities (e.g., corporations, banks, governments) fear it.

Case in point:

"Is Bitcoin a threat?

Digital cryptocurrencies like Bitcoin went mainstream in 2013, with the value of a single bitcoin rising from $13 to over $1,000 at its high. Much of the hoopla surrounding Bitcoin is the idea that it could be used to transfer money around the world with significantly less friction than traditional means. This would be very bad news for Western Union.

But the promise of Bitcoin is quite a bit overdone. There are currently very few businesses that accept Bitcoin as payment, meaning the digital coins would need to be converted into the local currency to be of any use at all. While the act of transferring bitcoins can't really be regulated, the act of converting into another currency can be. Last month, the cental bank of China did exactly that, banning financial institutions from handling Bitcoin transactions. Other countries, including the United States, could eventually take similar steps."

Bitcoin Doesn't Stand a Chance Against This Industry Powerhouse

Of course, I disagree with the author. I think cryptocurrency technology is such an improvement over the old ways of moving money, that any dinosaurs who don't climb onboard in some way will become extinct.

[BwanaNdege]

Bitcoins!

The absolutely BESTEST way to purchase the Emperor’s New Clothes!