The Fine Print: The following comments are owned by whoever posted them.Currency that is not backed by gold is backed only by faith and promises.Bitcoin has become really popular in the last few months and the price surge is a testament to that.So in any realistic scenario where BitCoins have value, so does the US dollar.Gold, whiskey, shiny rocks or shells. the value is set by those who will honor it.They can bear the losses they take when prices decline, and they want to profit from what they make when prices rise.This is mostly done by people who think the Bitcoin price will appreciate significantly in.Of course, that always is going to happen when you get powerful self-serving governments and large corporations.
Meta: A review of the exciting ways that Bitcoin will change our financial transactions and how we view money in the future.
Look at their predicted number of bitcoins in the system to figure it out yourself.
We will show you the best and most profitable sites for trading bitcoin futures, options, and other crypto-currency related financial derivatives using up to 500x.
So if I were a producer or buyer of bitcoins, a solid futures market would be of great interest.Get started with Bitcoin: find a wallet, buy bitcoin, shop with bitcoin, read bitcoin news, and get involved on the forum.Bitcoin holds price gains as VC Tim Draper wins all bids in US.
This article is very bias towards bitcoin in future success of.According to the press release the exchange plans to launch cash-settled bitcoin futures in the fourth quarter.For example, oil goes up in price, you expect airlines to suffer, so you short airlines.Here, my ounce of gold, and give me promises that can later use to get food, clothing or housing.After years of volatility, the Bitcoin price forecast is finally on an upward trek through 2017 and beyond.Divisibility is more important and bitcoins are divisible up to 8 places, for a total of 2.1E15 units.Now that the good times are rolling, again, for Bitcoin as a global currency and exchange of value, how far can Bitcoin price go.I find myself wondering how the producer of the socks makes any financial gain.Those who sold contracts at low values (perhaps in a desperate market, to undercut the competition) lose out.
Real currencies are recognized and backed by governments, bitcoin is only a pretend currency, like monopoly money.Welcome to final part of the four part series asking Bitcoin experts to share their views on what the future holds for Bitcoin. matter if Bitcoin price will.
If I did this right away, for a small cost, I would essentially have pegged the value of my bitcoins at 1 per every 10 USD.It may all fall apart, yes, but no matter what happens, it will change the world.First of all - economics mostly uses maths as a tool but is not math.And the dearth of people going to prison for this shit is why we have Occupy Wall Street.Like, by using logic and evidence. Fine. I have yet to encounter a business which uses BitCoins as a means of payment.
We could try establishing a soft upper bound on the value of bitcoin.