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Bitcoin Price Tops $1,000 in First Day of 2017 Trading

95 pointsby sidkoover 8 years ago

7 comments

kneelover 8 years ago
Bitcoin is living up to it&#x27;s reputation as digital gold.<p>The Chinese are running away from RMB and buying bitcoin, Venezuelans are running away from Bolivares into Bitcoin. And to a lesser extent some Indians are escaping the Rupee.<p>It&#x27;ll be really interesting to see how governments try to deal with decentralized currencies if they really take off. Governments lose a lot of control when they can&#x27;t control money.
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aphextronover 8 years ago
So is Bitcoin a currency or an investment vehicle? How can such volatility in a currency be considered desirable?
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legulereover 8 years ago
Isn&#x27;t that a problem because it will mean also higher transaction costs (in dollar)?
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readhnover 8 years ago
&quot;Double top&quot; Just like gold it will deflate.
rixraxover 8 years ago
To the moon!!!
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67726eover 8 years ago
OK, I&#x27;ll be that guy.<p>Is this actually intellectually stimulating to hackers? Should I start posting stock tickers for karma?
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chxover 8 years ago
<a href="https:&#x2F;&#x2F;www.washingtonpost.com&#x2F;news&#x2F;wonk&#x2F;wp&#x2F;2015&#x2F;06&#x2F;08&#x2F;bitcoin-isnt-the-future-of-money-its-either-a-ponzi-scheme-or-a-pyramid-scheme&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.washingtonpost.com&#x2F;news&#x2F;wonk&#x2F;wp&#x2F;2015&#x2F;06&#x2F;08&#x2F;bitco...</a>
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