Bitcoin Currency Surpasses 20 National Currencies In Total Value 583
Velcroman1 writes "More than $1 billion worth of bitcoins now circulate on the web – an amount that exceeds the value of the entire currency stock of small countries like Liberia, Bhutan, and 18 other countries. Bitcoin is in high demand right now — each bitcoin currently sells for more than $90 U.S. — which bitcoin insiders say is because of world events that have shaken confidence in government-issued currencies. 'Because of what's going on in Cyprus and Europe, people are trying to pull their money out of banks there,' said Tony Gallippi, the CEO BitPay.com, which enables businesses to easily accept bitcoins as payment. 'So they buy gold, they put it under the mattress, or they buy bitcoin,' Gallippi said."
SELL!!! (Score:5, Funny)
Buy Now! (Score:2, Funny)
It's not a bubble! Push the price higher, higher, higher!
Re:Buy Now! (Score:5, Funny)
They probably surpassed ... (Score:5, Funny)
They probably surpassed North Korea with their first nickel.
Re:SELL!!! (Score:5, Funny)
3:45 PM - Oh, crashed again...
Re:SELL!!! (Score:3, Funny)
I, for one, welcome our Bitcoin Banking overlords.
Re:SELL!!! (Score:4, Funny)
Re:How to take a short position in Bitcoin? (Score:4, Funny)
Yes of course. China is the one that is going to want its trillions in dollar denominated us debt holdings to be worth peanuts.
It's never going to pop like that again. (Score:2, Funny)
If you wait for it to pop this time you'll miss out. It will never be $2 a coin again. In fact it's going to reach $1000 a coin by the end of the year.
Re:SELL!!! (Score:5, Funny)
Sounds a bit like Wall Street.
Re:I have to admit (Score:3, Funny)
Dude, investing in Slavers Co stocks is currently probably more viable than putting money in a Cyprus bank.
Re:SELL!!! (Score:2, Funny)
The smartest people bought in when it was 5 bucks and will keep it until it's $1000+ or perhaps even $1 million.
Re:It can't pop. (Score:4, Funny)
Re:US debt (Score:4, Funny)
This is why I take the noble stand and refuse to buy cheap shoddy crap made in US households.
$1 billion dollars (Score:2, Funny)
Re:SELL!!! (Score:5, Funny)
As opposed to Wall Street stock exchange computers, which run on hellfire and are cooled by the blood of the innocent.