Why cyber currency Bitcoin is trading at an all-time high - Mar. 6, 2013 NEW YORK (CNNMoney) One bitcoin is was worth about $40 U.S. dollars on Tuesday, and surged on Wednesday to nearly $49. That's up from around $13 in January, and 5 cents in 2010, according to Mt. Bitcoin Cross-Exchange Spreads Reach 16-Month High After months of customer difficulty at Mt. Gox, bitcoin’s leading exchange by volume, price differentials between exchanges have risen to the same levels seen during the mid-April bubble. The last time the differential was higher was when BTC was trading at $4.90 in March 2012. Since early May, Tokyo-based Mt. Gox has encountered a number of issues affecting the capital flow in and out of their exchange. for Businesses Bitcoin is a very secure and inexpensive way to handle payments. The lowest fees out there Bitcoin's high cryptographic security allows it to process transactions in a very efficient and inexpensive way. You can make and receive payments using the Bitcoin network with almost no fees. In most cases, fees are not strictly required but they are recommended for faster confirmation of your transaction. Protection against fraud
A Bitcoin FAQ Updated 9/30/2013 -- © Christian Wagner Short Version 1) Should I buy Bitcoins? No. 2) But I keep seeing all this stuff in the news about them and how No. Bitcoin 2.0: Can Ripple Make Digital Currency Mainstream? It has been a nail-biting year for people who hold Bitcoins, an open-source digital currency that has quickly gained traction in the tech community. Last June, Bitcoins were worth $5. By April 2013, they were up to $266. Then they dropped to $70 in April. Best of Trading bots to trade BTC on exchanges Hi, please post here what the bots you are using. Trading bot - software, that automatically trade your bitcoins (or litecoins) on exhachanges like MtGox or BTC-e I know several such bots, please post your opinions, what is the best bot for making profits? 1. language: RU, EN, Exhanges: MtGox, BTC-e Very adjustable strategies, but you need to write them yourself, author provides comprehencive support in his blog, you can use Byulow, EMA24 or cross-exchange trade strategies, e.q. "if btc price on MtGox is lower than $last_price_for_3h then buy btc on BTC-e.com"
for Individuals Bitcoin is the simplest way to exchange money at very low cost. Mobile payments made easy Bitcoin on mobiles allows you to pay with a simple two step scan-and-pay. No need to sign up, swipe your card, type a PIN, or sign anything. Innovation The Bitcoin protocol is not just about sending money from A to B. It has many features and opens many possibilities that the community is still exploring. Here are some of the technologies currently being researched and in some cases, turned into real products and services. The most interesting uses of Bitcoin are probably still to be discovered. Control against fraud
Game over, Bitcoin. Long live human-based currencies! While being a tremendous proof of concept, the distributed cryptocurrency Bitcoin is fundamentally flawed as an alternative money system, critics say. It is now time for truly radical monetarists to build on this technical experiment and move to the next level of the monetary revolution: a truly human-based digital monetary system. Since its launch in 2009, Bitcoin has turned from a crypto-anarchist project into a hype topic in the worldwide web community and beyond. From London’s squats to Berlin’s Kreuzberg neighborhood: not everyone uses Bitcoin, but everyone is talking about it. Bitcoin can be described as a peer-to-peer cryptocurrency, in other words a distributed monetary system that enables anonymous and relatively secure transactions without any centralized authority. Everyone agrees that Bitcoin is an amazing proof of concept from a technical standpoint, and has succeeded in raising much awareness for the current flaws of the monetary system.