Will Bitcoin prices continue to rise in the future?

Recently, Bitcoin is a hot topic for everyone. Will Bitcoin become one of the most traded currency in the future?

11-19-2013 4-04-09 PM

Let’s look at a few comments below:

Purchasing Bitcoin is highly insecure as well as the investment might be lost completely. But, the upside potential is tremendous.
(text cobbled-together from other resources:) Transaction costs with Bitcoin are insignificant and may save funds for price-conscious businesses and for persons. Forget about credit-card charges. Bitcoin trades are safe, irreversible, , nor feature customers’ sensitive or private info. This protects retailers from losses brought on by fraud or deceitful chargebacks, and there’s no demand for PCI compliance. The web results are bigger markets, lower costs, and less administrative expenses.
The world’s less-affluent might stand to get the most from your simplicity and affordability of creating Bitcoin payments.
Nations with inferior financial management will even take advantage of Bitcoin. Some even suggest the Eurozone catastrophe drove the utilization of Bitcoin in nations. Bitcoin raises the amount of financial alternatives available to individuals in desperate situations.
Bitcoin, both because of its anonymous character and tough cap in coin issuance, is a lot more suitable for protecting large levels of riches from the ravages of inflation than just about any other medium.
Within the previous challenging and costly international diversification themselves secure from the potentially oppressive government in the home and was certainly crucial for anybody intent on maintaining their riches, Bitcoin provides ultra – affordable international diversification for the masses right within their particular living rooms.

It isn’t a contemporary gold-standard. If anything, they’re modern day alchemists. However, you can’t make gold digitally. It’s no better-than a fiat-currency. You may make some fast cash, if you need to get-out and get in. Beware! Against the federal government attempting to regulate Bitcoins maybe due to the amount of money laundering rivalry and implications for a money the Federal Reserve has no control of, it might become a bubble about to explode.

Another hour passed and Bitcoin is up another 100 bucks.
I read on Twitter where Coinbase really ran out-of bitcoins and had to delay market orders using a message to prospective buyers until more inventory arrived in they would maintain their orders. You’ll to find another bitcoin boom if the Chinese wake-up in a couple of hours.

Before jumping in it’s worth listening/reading the notes in the Senate hearings today. In Addition, learning about fundamental wallet security.
The following few days will find high-price volatility. Keep that is head before investing.



Bitcoin Upgrade: Virtual Money Gaining Ground With National Authorities

Bitcoin, the virtual money that’s yet to develop mainstream use, has made headway with national authorities, encouraging investors within the technology business.

Bitcoin Attaining Acceptance From Federal Authorities
During the previous couple of years, there is uncertainty regarding whether bitcoin could ever get federal approval, and be deemed a money.

“It recognizes the invention virtual currencies provide, and also the benefits they may offer.”

“There are loads of chances for digital currencies to function within existing laws and regulations,” admitted Edward Lowery, a special agent with all the Secret Service.

Bitcoin Worth Skyrockets

Following the favorable comments from federal officials concerning bitcoin’s potential, the money found the value of its own unit rise past $700 in a few exchanges, based on The New York Times.
The fight for virtual currencies isn’t yet over, as the future looks promising for bitcoin. There remain questions regarding security and regulation, too as whether bitcoins could be more correctly defined as commodities or securities – determining which federal agency could be liable for the supervision.

The hearing on Monday proved to be supporting for Bitcoin Foundation.

Usually, the Fed should oppose Bitcoin because it’ll remove the money as well as the management making in the darkness bankers behind the Federal Reserve.

Theory: The Fed had worked a means to infiltrate Bitcoin system to ruin it from the interior somehow. We got apologies from the initial one and China man vanished potential to avoid being killed by the Chinese mob. They’ll set Bitcoin up for a huge heist killing two birds one shot.



just as it is difficult to have a finite amount of fiat money when goods and services are potentially infinite, the Fed should not be allowed to grow the money supply beyond growth in the real economy. Otherwise we will have price inflation somewhere, whether it be in bitcoins, east hampton homes, or picasso’s.

Now why would the Fed taper when gold is dropping? They are only going to raise rates when gold gets out of hand. Quite frankly they may be getting nervious that thier 0 intrest rate money dilution policies aren’t keeping comodities elevated. They fear deflation a lot more than inflation.



University in Cyprus Becomes First to Take Bitcoin Payments

Because the University of Nicosia (UNic) in Cyprus chose to take the money for payment of tuition and other fees, which makes it the first on the planet to perform as such, bitcoin has taken yet another step into the kingdom of real life viability.

Among the biggest accredited English language universities within the EuroMediterranean region, UNic will even provide a Master’s of Science Degree in Digital Money, accessible on-line and oncampus starting in spring 2014.

Vlachos estimates the digital money is the future, saying that “Bitcoin will go away once the Internet disappears”.

It’s not the very first time Cyprus is linked to Bitcoin operations.

“We have over 2,000 on-line students and Bitcoin gives them a means of payment that’s simple, easily accessible and the majority of all costfree”.



Does Canada See Bitcoin as Money?

Does Canada consider bitcoin to become a real sovereign “money” or just a commodity? This question is especially important given various bitcoin associated news stories which have involved Canadian companies in recent weeks.

Bitcoiniacs, the operators of the ATM, have openly said that several other Canadian cities can get to sponsor to similar kinds of bitcoin ATMs within the forthcoming months.

First, as most have undoubtedly heard, there is at least one bitcoin ATM working in a Vancouver coffee shop, and according to a Vancouver Sun article dated 9th November, $100,000 of Canadian money was traded via the equipment within a week.

Alix Resources Corp a Canadian mining company, also confirmed that it’s going to be paying the accounts of at least 1 of its own contractors, Ridge Resources Ltd, in bitcoin.

I’d imagine the inquiry of whether the Canadian government considers bitcoin to become a money or commodity has at least touched the minds of Ridge Resources and Bitcoiniacs, Alix Resources as well as the minds of the tax and legal advisors.

Nevertheless, within the exact same paper the CRA recognized bitcoin from “traditional currency” and so we can infer that at least one division of the Canadian government doesn’t view bitcoin as currency within the standard sense but instead views it as a barter good and ought to be taxed as such.

(Will Update daily…)

Bitcoin has rallied about 75% in the past week, fueled by Chinese demand as well as increasing acceptance in Washington. And it now stands at around $700.

In 2010, Bitcoin’s value spent the year fluctuating between a fraction of a penny and a quarter.

If you were daring enough to get in on the phenomenon of the digital currency early, you’ve obviously ended up with a decent amount of wealth.

Still, where do you turn to brag about your spoils?

To reddit, of course.

Here are some folks who’ve either just made bank on Bitcoin, or are lamenting that they may have missed their opportunity to do so.