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On one exchange site, Mt. Gox, the value of the currency rose to $900 (£559) on Monday before falling back to $727 (£452). This compares with a price of $200 (£124) in late October.
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Asia is known for being an area where people emphasize savings, so when Asia moves it's big regardless of whether it's real estate, gold, stocks or bitcoin. I think that's what we're seeing right now," he said.
Zennon Kapron, managing director of research firm Kapron Asia, agreed: "The current run-up in price that we're seeing is due to increasing awareness and understanding of bitcoin both inside China and out." "Anecdotally, in the past week, I've had a number of both professional and personal friends who had never heard of bitcoin before, come to me, ask how it works and what we think all because they read an article or saw a news segment," he said. "As they start to understand bitcoin and see its potential in the future, they want to be part of that, which is driving up demand. You could think of it as the next segment of the adoption curve coming online," Kapron added. Another factor at play could be BTC China's announcement Monday that it received $5 million in Series-A financing – the first round of financing undergone for a new business venture after seed capital – from institutional investors Lightspeed China Partners and Lightspeed Venture Partners. BTC China's Lee said the exchange saw a dramatic increase in volume following the announcement, as investments of this nature further underscore bitcoin's status as a legitimate investment option. Bitcoin has appreciated rapidly over the past year; as of Monday, the value has increased more than 50-fold from $11.00 in mid-November 2012. Three years ago, when the currency was unveiled in February 2010, one bitcoin was worth just $0.03. For months it stayed that way so you can see how things have changed in such a short timespan. | ||||||||||||||||||||||||||||||||||||||||
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things looking bad now
Bitcoin Setback: New Central Bank Warning http://news.sky.com/story/1187482/bitcoin-setback-new-central-bank-warning | ||||||||||||||||||||||||||||||||||||||||
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They shutdown something similar last year - saying a high percentage of criminals were using it - but criminals use dollars too. They'll step in when it competes with real banking money.
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Just thought I'd revive this thread for a quick told-you-so.
I originally posted when Bitcoin was 113 quid, 4 years later it's over 1000. The SEC is ruling today on whether or not to allow a Bitcoin ETF which, if approved will probably push the price to around 1500 quid in the short-term. | ||||||||||||||||||||||||||||||||||||||||
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Bet you wish you hadn't cashed out in 2013 now
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Bought back in last year, price has doubled since.
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course you did.
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Ignore him Danzaa; he`s a bullying troll from Horse Racing who has half a dozen usernames which he regularly uses to big himself up, trying to give the impression that he`s popular and liked. He isn`t.
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Please try and be more welcoming to newbies Tim. They are the lifeblood of the forum and as a former Foty you really should Know better.
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I`m assuming you don`t read Horse Racing? This is a very friendly and helpful forum; anyone acquainted with him will know we don`t need such `lifeblood` on here. As evidenced by his friendly, insightful and knowledgeable introductory misplaced sneer at Danzaa.
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Romans 14.1
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I`m impressed bear! Was going to quote 2nd Corinthians 2; 5-6, but then saw 7-8!
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O/T but there`s a bit of fun going on in tonight`s Spanish Second Division match between Girona and Zaragoza; both teams more than happy with a draw, 0-0 is currently 2.46, been matched down to 2.0 and the draw is at 1.36. These seemingly r1gged games do tend to end as draws, but often not with 0-0. Also, when there has been a goal in previous such games, the market tends to go crazy at this unexpected twist in the script, leading to huge, if temporary, over/under rounds. Still think I`ve probably lost on these games over the years, but can`t resist laying the 0-0, and hope to capitalise further if there`s a goal.
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I havn't seen them leave the centre circle yet
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No. Half time, 0-0, 1.17
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It's embarrassing
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Right, that`s it; I hereby undertake to post no more tosh on here at least until BB starts.
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Cant't wait .....
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Can't wait ...
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Boss - Of course I listened to ya - re : Tokio ...
But then I simply got chicken as the drift reached 12+ [ semi ] RE : BB ... Hope your gonna ... ..... [ WinkWinkWinkWinkWink ]..... [ let me know ] ....[ LaughLaughLaughLaughLaugh ]..... | ||||||||||||||||||||||||||||||||||||||||
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ttt, after tonight`s discussion.
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Cheers
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buying litecoin @ $54 ish, lots of room to go up.
bitcoin is pumping tonight, priming for new all time highs again soon. it looks very bullish right now. | ||||||||||||||||||||||||||||||||||||||||
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Incredible
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I only bought 20. How are they doing?
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Why didn't I see this post in 2013 haha. Only came across it all in 2018. Had 10 BTC at one point. Lost it all.
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Current Price: $66,688.22 Today: +0.46% +$302.50
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Pi Network - Currently 12.6p
Bitcoin was originally designed to be a currency to use for the masses peer to peer, without the need for trusted third parties like banks. It is now a store of value, digital gold basically for the rich. Not being used as intended, it should of been a way to transact with retail, universally across borders with minimal fee's. Pi Network was designed by Stanford professors to fulfil this dream, having recently touched its ATL of 9.6p and fully incorporating AI into functionality. I'm expecting big things over the next few months with massive updates and upgrades happening soon. | ||||||||||||||||||||||||||||||||||||||||
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I think Bitcoin was the only hope for a digital currency and yet it still can't be used for purchases. After Bitcoin all the other crypto offerings have all been a total con / rip off with the people running the software/exchanges/brokers just crashing markets and stealing people's money. Gold, is now like Bitcoin, only as valuable as the next person who wants to buy it. It's just that people don't realise that yet. It used to be currency, then it used to back currency, now not even that. Coins/notes/bank accounts are backed by governments - to some extent - fairly solid but not solid as property - there's not enough property and everybody needs to live somewhere.
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Yeah major manipulation happens all the time with CEX's, Pi will soon be launching its own DEX where rug pulls will be virtually impossible to pull off. The coreteam are not vying to lead the web3 space, they are reshaping it.
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Surprised and glad to see my "Bitcoins" thread re-surface. Worked out pretty well for me.
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very well done Danzaa - fortune favours the brave! :)
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I got into doing the casinos around 2002 - 2003, that set me off. I always think I'd have been all over btc if I'd actually started 10 years later, but the reality was probably I would have been too risk averse. Can't complain anyway
Well done Dan | ||||||||||||||||||||||||||||||||||||||||
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