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[money.cnn.com] Bitcoin price goes on wild ride/The Bitcoin trade: Higher, Higher, Higher!  

post #1 of 5
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http://money.cnn.com/2013/04/03/investing/bitcoin-price/index.html
Quote:
The price of the virtual currency bitcoin, already volatile in recent weeks, went through wild swings in overnight trading Tuesday and Wednesday.
According to prices quoted on Mt.Gox, the main trading exchange for bitcoins, the value of one bitcoin ricocheted from $106 to as high as $147, then back down to $125, then to $141. They were trading around $139 per bitcoin in afternoon trading Wednesday.



http://buzz.money.cnn.com/2013/04/03/bitcoin-traders/
Quote:
Bitcoin -- the 4-year-old cryptic online currency -- is suddenly the hottest investment in the world. What other currency, stock, bond or derivative has seen its value spike 326% in the past month and 67% in less than a week?
On Wednesday, one bitcoin traded for $147. Just two and a half years ago, a bitcoin was valued at 5 cents.

This is humorous as well as fascinating as the authors reference events Cypress and contrast this to investing in gold. Of course the best lols are in the comment sections tongue.gif

No mention of mining though? I remember a couple years ago some folks here were jumping on the mining operations. Anyone still doing that? Perhaps it paid off?
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post #2 of 5
Mods, I respectfully ask that this thread be closed.

damric, this was an issue on OCN in the past. My request has nothing to do with you, but rather the direction this is headed.
post #3 of 5
Thread Starter 
Quote:
Originally Posted by skitzogreg View Post

Mods, I respectfully ask that this thread be closed.

damric, this was an issue on OCN in the past. My request has nothing to do with you, but rather the direction this is headed.

No prob. It won't be the first (or second, third, or even fourth) time one of my news threads got shut down rolleyes.gif

We shall see. It is interesting news and did make CNN front page twice today. My personal opinion was that bitcoins are hogwash, but maybe they are here to stay after all.
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post #4 of 5
Quote:
Originally Posted by damric View Post


No mention of mining though? I remember a couple years ago some folks here were jumping on the mining operations. Anyone still doing that? Perhaps it paid off?

The overlords have banned bitcoin discussion from this forum some time ago
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post #5 of 5
Quote:
Originally Posted by OCScrub View Post

The overlords have banned bitcoin discussion from this forum some time ago
Correct. Closed. Please PM myself, Bitemarks, or ENTERPRISE if anyone has questions about that decision.
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Overclock.net › Forums › Industry News › Software News › [money.cnn.com] Bitcoin price goes on wild ride/The Bitcoin trade: Higher, Higher, Higher!