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ECT News Community   »   E-Commerce Times Talkback   »   Re: Is Bitcoin Bubbling Over?



Re: Is Bitcoin Bubbling Over?
Posted by Richard Adhikari on 2013-12-12 12:53:39
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Nothing stirs up speculation like success, and right now questions about Bitcoin are on everyone's lips. Is it headed for the moon after once again breaking the $1,000 mark on Wednesday? Or is it, as former Federal Reserve chairman Alan Greenspan said, overpriced, lacking in intrinsic value and, essentially, a bubble? Bitcoins are basically bits of computer code, which means their value lies in people's perception of the virtual currency. Granted, Bitcoin is not backed by anything tangible -- but then neither is the United States dollar.





 * Topic  Author  Date
Re: Is Bitcoin Bubbling Over?  Richard Adhikari  2013-12-12 12:53:39
Re: Is Bitcoin Bubbling Over?  yehudisabbagh  2013-12-12 13:40:22
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