Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in

A rally in Bitcoin

IMG Auteur
Published : October 20th, 2010
361 words - Reading time : 0 - 1 minutes
( 0 vote, 0/5 )
Print article
  Article Comments Comment this article Rating All Articles  
0
Send
0
comment
Our Newsletter...
Category : Market Analysis

 

 

 

 

Bitcoin has had about a 64% rally recently which is not surprising given that more and more people are learning about its existence and circulation as a new P2P anonymous digital currency. The massive viral effect of a P2P digital currency have now kicked in and it seems as though a new merchant or a new exchanger emerges daily. As of October 19th, 2010, total Bitcoin in existence equalled 4,315,250 with 86,305 Bitcoin blocks generated (source: Bitcoin Exchange).





One such exchanger,
Mt. Gox, does an excellent job of tracking and charting the USD:BTC exchange rate on a daily basis:





Trading volume at Mt. Gox set new records during early October 2010 and you can still follow some of the action and comments
here.

Issuing statistics and some of the leading exchangers can be followed at
Bitcoin Watch. The exchanger Bitcoin 4 Cash bills itself as "the premier Bitcoin dealer that respects anonymity" and the BitCoin/MetalCoin Exchange will trade Bitcoin for gold and silver coins. BitcoinFX provides two-way exchange for Bitcoin into Liberty Reserve. In Alabama, Bitcoin2cash will provide Bitcoin for cash sent in the regular mail and vice versa, which is financial privacy in its rawest form (the bid/ask spreads are wide at 25/200, but I respect these guys!). And finally, another interesting exchanger to follow is the Finland-based Bitcoin Exchange, which has an excellent statistics section. Needless to say, Bitcoin deserves serious consideration as we move into The Monetary Future.

For further reading:
"A Short Introduction to Bitcoin - A Peer to Peer Cryptocurrency", Bluish Coder, October 10, 2010
"Bitcoin Electronic Currency: The Future of Money", Elliott A. Prechter, Elliott Wave International, September 2010
"What are Bitcoins?", Quezi, July 22, 2010
"Is It Time For Digital-Only Dollars?", Phil Maymin, Hartford Advocate, July 8, 2010
"BitCoin and the 'Wild West'", Niklas Blanchard, Modeled Behavior, June 30, 2010

 

Jon Matonis

The Monetary Future

 

Jon Matonis is an Austrian School economist  focused on expanding the circulation of nonpolitical digital currencies.  He argues that what is about to happen in the world of money is nothing less than the birth of a new Knowledge Age industry: the development, issuance, and management of private currencies.

 

  

 

 

<< Previous article
Rate : Average note :0 (0 vote)
>> Next article
Jon Matonis is an Austrian School economist focused on expanding the circulation of nonpolitical digital currencies. He argues that what is about to happen in the world of money is nothing less than the birth of a new Knowledge Age industry: the development, issuance, and management of private currencies.
Comments closed
Latest comment posted for this article
Be the first to comment
Add your comment
Top articles
Latest Comments
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
11:24SNAFU
Right. Gold is money, but, if I understand well, we have no use for it in the world, because of popular TV show and because the idea has ...
The Escape from Collectivism - Jeff Thomas
22 Maysam_site
Globalist investigator Leuren Moret discovered that Fidel Castro, far from a grass roots revolutionary, was a Farnese duke from a prominent Black N...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
22 Mayprljr-1
"depict Armageddon or viruses or zombies never show people trading gold for items." Food ,medicine and Guns and ammo will be traded if it comes...
Gold Bullion +2 for Week vs Falling Dollar as Trump's Troubles Spre...
19 MaySam Maher
"Giant gold-backed ETF the SPDR Gold Trust (NYSEArca:GLD) in fact shrank Thursday as stockholders liquidated shares, reducing the amount of bullion...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
19 MayS W.-1
Two months after the Hunt brothers debacle the 'price of silver' in 1980 went from about $49 to under $11 in about 2 months. (wiki) Silver is n...
Bill Murphy: Silver – The Only Commodity 66 Cheaper Than 37 Years A...
19 Maybparker190
Computers, long distance phone calls, vcr players, surgery are just a few of the items that are cheaper than 37 years ago. Gold is not man...
Trump 'Witchhunt' Sees Gold Price Pop $30 Below 'Game Changing Level'
18 MaySam Maher
"giant gold-backed ETF fund the SPDR Gold Trust (NYSEArca:GLD)" This is questionable at best. Paper gold GLD claims to be fully backed by ...
Trump 'Witchhunt' Sees Gold Price Pop $30 Below 'Game Changing Level'
18 MaySam Maher
"giant gold-backed ETF fund the SPDR Gold Trust (NYSEArca:GLD)" This is questionable at best. Paper gold GLD claims to be fully backed by ...
Most commented articlesFavoritesMore...
World PM Newsflow
ALL
GOLD
SILVER
PGM & DIAMONDS
OIL & GAS
OTHER METALS