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Author Topic: 2013-03-29 [Spanish] TVE: El valor de la 'bitcoin', la moneda electrónica, se mu  (Read 706 times)
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March 31, 2013, 11:08:54 PM
 #1

News segment from well-known Spain channel TVE:

Quote
El valor de la 'bitcoin', la moneda electrónica, se multiplica por cuatro
29 mar 2013

La Bitcoin, la moneda electrónica que se creó en 2009 como método alternativo de pago, se ha popularizado en las últimas semanas, dicen que especialmente por la crisis en Chipre. Su valor se ha multiplicado por cuatro. Los bancos centrales y la reserva federal de Estados Unidos han empezado a prestarle atención.

Via Google Translate:

Quote
The value of the 'bitcoin' electronic money is multiplied by four
29 Mar 2013
The Bitcoin, electronic currency that was created in 2009 as an alternative method of payment, has become popular in recent weeks, say the crisis especially in Cyprus. Its value has increased fourfold. Central banks and the U.S. Federal Reserve have begun to pay attention.

Full video:
http://www.rtve.es/alacarta/videos/telediario/valor-bitcoin-moneda-electronica-se-multiplica-cuatro/1739388/

Related blog referencing above segment:
http://www.gurusblog.com/archives/bitcoin-mil-millones/31/03/2013/

Via Google Translate:

Bitcoin is over a billion dollars

Guru Huky, March 31, 2013

Home » Personal Finance » Investment »Bitcoin exceeds one billion dollars

This Thursday, Bitcoins history marked a new milestone by exceeding the value of the billions of dollars of Bitcoins in circulation, ie the current number of bitcoins issued, 10,970,000, for the price in dollars that changed one bitcoin surpassing the mark of $ 90. Today Sunday Bitcoin and trading at $ 94.75 . The decisions of our "beloved" leaders are the main guarantee of success for BitCoin, alternative electronic currency to central banks and that is showing right now, more investment antifrágil be a black swan in our monetary system. Antifrágil is an interesting concept coined by Nassim Nicholas Taleb and relates those things which are enhanced by the appearance of a Black Swan.

For Bitcoin, since last November 2012 to today's price against the dollar has gone from $ 10 to $ 94 (appreciation of 840% in 4 months) and since early March has now been increased from $ 30 to $ 94 ( 213% appreciation in less than a month). Giddy??

The truth is that it is difficult to say whether there is a bubble in the price of Bitcoins or not. The revaluation is meteoric and scary, but try to look at the facts coldly.

1 - There are almost 11 million currently issued Bitcoins. The maximum number of Bitcoins to be issued will be 21 million. This figure will be achieved beyond 2033. I attached the operating curve creation Bitcoins

number bitcoins

That is if the Bitcoin succeed will be a pretty lame and how well their exchange rate against other currencies "official" is set in accordance with supply and demand, as you gain popularity Bitcoins will demand to be much higher than the number of Bitcoins that will be created, so the equation can only be adjusted via price.

2 - It seems that the creators already planned on success that Bitcoin could suffer sharp increases in the price. It is created with 8 decimal currency. For one day a Bitcoin value reaches $ 100,000 can still make small transactions of $ 1 to 0.00001 decimal Bitcoins and we left over.

3 - Current use of Bitcoins and its popularity is still in diapers, need to create a robust ecosystem of companies to facilitate their use and still is a minority option. But more and more services or companies are adopting it as a payment option, including WordPress, Mega or Reddit. BitPay, a payment processor Bitcoins seen as on March Bitcoins were made purchases totaling $ 2 million, ie one month has processed 66% of all transactions processed in 2012.

That is Bitcoin is a two-way upward pressure on prices. On the one hand people fleeing the traditional banking frightened by Cyprus, on the other its adoption as a means of payment provided. If the current price is frankly bubble or not I have no idea, because everything depends on the success and adoption to have, but it feels that the snowball effect or the traction needed for a successful Bitcoin has already begun.

By the way the market is still relatively narrow Bitcoins. At any time if someone is selling a considerable amount of Bitcoins you will usually sink the price.

Incidentally the same Thursday that the value of getting Bitcoins exceed one billion dollars, Bitcoin spoke on the news of TVE (just know one coming out in the news)
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March 31, 2013, 11:16:27 PM
 #2

Thanks for sending the video.

Highlights:

New currency from 2009, unknown creator.
High searching in spain.
Only for pay on the internet.
Only for experts users.
Stealed by hackers.
Not many places to expend
Very experimental.
first ATM to be installed on Chipre.

For rent
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