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Why I'm investing in bitcoins - Vox


I've long been a Bitcoin optimist. You can read my case for Bitcoin here. But a few weeks ago, I decided to put my money where my mouth is and invest in Bitcoins.

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Is Bitcoin Where The Smart Money Is Now? - NPR

Is Bitcoin Where The Smart Money Is Now? - NPR | money money money | Scoop.it


There's been a lot of news about Bitcoin, including new guidance from the IRS. So is it time to get some of that digital cash? The Wall Street Journal's Michael Casey speaks with host Michel Martin.

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Bitcoin mining leaves some speculators in a hole - SFGate

Bitcoin mining leaves some speculators in a hole - SFGate | money money money | Scoop.it

Speculators, known as miners, use powerful computers to solve complex software problems and verify transactions to unlock new bitcoins. They're finding that the enterprise isn't as profitable as it once was.

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Are Speculative Bubbles Good? - New Yorker (blog)

Are Speculative Bubbles Good? - New Yorker (blog) | money money money | Scoop.it

Are speculative bubbles good for the economy? With much of the developed world still suffering the after-effects of the great housing and credit bubble, it might sound like a trick question. On Friday, however, at the annual conference of the Institute for New Economic Thinking, which is taking place in Toronto, I moderated a session during which several panelists suggested that bubbles can have an important upside: they help finance innovation and growth.

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Pierre Ratcliffe's curator insight, April 13, 2014 5:01 AM

Shouldn't we make a difference between bubbles facilitated by easy money ie. fractional reserve banking and credit expansion which is a bubble of its own,  and bubbles that burst because entrepreneurs who attracted savings to develop their ideas but failed because not having well anticipated the response of the market? When bubbles facilitated by credit expansion burst, central banks have  to intervene to clean the mess. See Frank Hollenbeck on the issue "inflation" http://bit.ly/1qTySgL

Devrions-nous pas faire la différence entre les bulles qui se gonflent par l'argent facile à savoir: croissance de la réserve bancaire et du crédit fractionnaire qui est une bulle en elle-même, et des bulles qui éclatent parce que les entrepreneurs qui ont attiré l'épargne pour développer leurs idées, mais ont échoué parce qu'ils n'ont pas bien anticipé la réaction du marché? Lorsque les bulles facilitées par l'expansion du crédit éclatent, les banques centrales doivent intervenir pour nettoyer le gâchis. Voir Frank Hollenbeck sur la question "l'inflation" http://bit.ly/1qTySgL

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An alarming map of the 17 countries with possible housing bubbles

An alarming map of the 17 countries with possible housing bubbles | money money money | Scoop.it

Economist Nouriel Roubini is warning that 11 countries are showing indications of potential housing bubbles – an alarming prospect for the global economy, which is still recovering from the aftereffects of burst housing bubbles in the United States and elsewhere. He identifies another six countries in which major urban areas may have housing bubbles.

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Of Tulips, Twitter And Other Bubble Phenomena - Forbes

Of Tulips, Twitter And Other Bubble Phenomena - Forbes | money money money | Scoop.it

One of the first historically recorded speculative bubbles happened with tulip bulbs in the Netherlands in the 1630s, when intense speculation caused an investor mania for the flower.  Eventually, this mania drove the price of certain tulip bulbs to over ten times what a skilled artisan or craftsman might expect to earn over the course of a full year.

 
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Bitcoin Is More Like A Speculative Investment Than A Currency - Forbes

Bitcoin Is More Like A Speculative Investment Than A Currency - Forbes | money money money | Scoop.it


Given that Bitcoin has become much more popular in recent months we're beginning to see some academic work coming out on the cryptocurrency.

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Why Bitcoin Makes For A Horrible Currency In One Chart

Why Bitcoin Makes For A Horrible Currency In One Chart | money money money | Scoop.it

Yermack looks at the historical trading behavior of Bitcoin and compares it other currencies. What he finds is that bitcoin is incredibly volatile and its exchange rate movements have no correlation with other currencies. The virtual currency's inherent stability makes it impossible to use it as a store of value. For this reason, Yermack concludes that bitcoin looks more like a speculative vehicle than a real currency.

 



Read more: http://www.businessinsider.com/bitcoin-volatility-2013-12#ixzz2oKtc455B

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Are Gold, Art And Bitcoin Worth Your Money In 2014? - Forbes

Are Gold, Art And Bitcoin Worth Your Money In 2014? - Forbes | money money money | Scoop.it

It has been a great year for stocks, but T. Rowe Price’s U.S. equity chief warns that investors shouldn’t expect a repeat in 2014.

 
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This finance expert thinks Bitcoin will fall 99 percent by June

This finance expert thinks Bitcoin will fall 99 percent by June | money money money | Scoop.it

In recent weeks, some Bitcoin critics have been rethinking their initial Bitcoin skepticism. But others are as convinced as ever that the cryptocurrency is doomed. One of the harshest critics is Mark Williams, who teaches finance at the Boston University School of Management. He predicts that in the first half of 2014, bitcoins will lose almost 99 percent of their value, falling below $10. We spoke by phone on Monday. The transcript has been edited for length and clarity.

 
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Bitcoin has been hijacked by speculators. Are we looking at a Ponzi scheme? – Telegraph Blogs

Bitcoin has been hijacked by speculators. Are we looking at a Ponzi scheme? – Telegraph Blogs | money money money | Scoop.it
The price of Bitcoin fell below $900 at the end of last week. In the week before that it rose to $1200. A month ago it was $300. Trying to explain why this is happening with any semblance of rationality is a fool’s errand.
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Curated by jean lievens
Economist, specialized in political economy and peer-to-peer dynamics; core member of the P2P Foundation