Grapefruits Posted January 4, 2016 Share Posted January 4, 2016 (edited) Bitcoin is one of 2015's biggest winners Everett Rosenfeld | @Ev_Rosenfeld Tuesday, 29 Dec 2015 | 4:01 PM ETCNBC.com Gold is down nearly 10 percent, major U.S. stock indexes are roughly flat and energy commodities have nearly all fallen more than 30 percent: It's been a tough year for investors. And while individual stocks have seen big pops on headlines, perhaps the best performing non-equity asset of the year is a favorite among crypto-anarchists. Bitcoin, the digital currency heralded as a potential successor to the global monetary system, is up about 37 percent against the U.S. dollar since the beginning of the year. The cryptocurrency went for about $313 at the beginning of the year, according to CoinDesk's composite price index, and is now changing hands at around $430. Those huge gains come after starting the year on rocky footing: Bitcoin dipped to below $175 in mid-January. But after a few false starts, the digital currency has been largely gaining ground since the beginning of October. (One of the few investment options with a comparable 2015 return is Argentina's benchmark Merval — up about 40 percent on the year. Although U.S. investors playing the Global X Argentina ETF would be disappointed by the fund's slight loss in 2015.) http://www.cnbc.com/2015/12/29/bitcoin-is-one-of-2015s-biggest-winners.html Edited January 4, 2016 by Grapefruits 1 Link to comment Share on other sites More sharing options...
CanadianLoonie Posted January 4, 2016 Share Posted January 4, 2016 22 minutes ago, Grapefruits said: Bitcoin is one of 2015's biggest winners Great timing in picking the 6th anniversary of it's release to post this! Like I stated in the stock market thread... Best performing currency in the world since 2009: 2010 - Bitcoin +3700% 2011 - Bitcoin +1500% 2012 - Bitcoin +300% 2013 - Bitcoin +5400% 2014 - USD +13% (Bitcoin -57% , the worst performing currency in the world that year) 2015 - Bitcoin +37% Link to comment Share on other sites More sharing options...
CanadianLoonie Posted May 29, 2016 Share Posted May 29, 2016 I think we just got a breakout and a new up-leg... Link to comment Share on other sites More sharing options...
Grapefruits Posted June 17, 2016 Share Posted June 17, 2016 For anyone interested. Bitcoin is trading at around $1000 Canadian right now. Guess it's not dead like everyone thought it would be after all... Link to comment Share on other sites More sharing options...
nuckin_futz Posted August 3, 2016 Share Posted August 3, 2016 Bitcoin hacked! Millions stolen after exchange attacked. OMG how could that happen... Bitfinix, a Hong Kong exchange for Bitcoin and one of the world's largest, halted trading on it's exchange this week after their system was hacked and tens of millions of dollars were stolen from customer accounts. The company posted in a blog post that the exchange was " investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen". The thief's made off with 119,756 bitcoins in total. With a bitcoin going for $563 currently that equals 67.4 million. Not a bad bank heist. I don't know about you but I never truly understood the Bitcoin phenomena. They are created. They are mined. They are used to remain anonymous and therefore are used by drug traffickers and for other illegal activity. I know 100,000 merchants accept bitcoin. I don't know about you, but I don't see many at all... It certainly is not used to every day transaction purposes. The one thing that seems fairly certain to me, is things like this event will happen, where suddenly there is a hack and the electronic bitcoins are stolen from accounts. How could that happen? I doubt the "authorities" have the wherewithal to solve that heist (or to return the bitcoin to the rightful owners). You see that fall in price in the chart above, I get the feeling it was the robbers getting rid of the loot. You can sell down to $1 and still make a profit if you are never caught. So there will now be $67 million of bitcoin sloshing around, looking for the next sucker who will buy it from the thiefs. When that is done and funds converted to dollars, the heist will be complete. The losers will be the poor suckers who will subsequently check their cryptocurrency wallet only to find, they can't buy the drugs they wanted with the anonymous currency of the future. Bummer. http://news.forexlive.com/!/bitcoin-hacked-millions-stolen-after-exchange-attacked-20160803 Link to comment Share on other sites More sharing options...
Grapefruits Posted August 3, 2016 Share Posted August 3, 2016 1 hour ago, nuckin_futz said: Bitcoin hacked! Millions stolen after exchange attacked. OMG how could that happen... Bitfinix, a Hong Kong exchange for Bitcoin and one of the world's largest, halted trading on it's exchange this week after their system was hacked and tens of millions of dollars were stolen from customer accounts. The company posted in a blog post that the exchange was " investigating the breach to determine what happened, but we know that some of our users have had their bitcoins stolen". The thief's made off with 119,756 bitcoins in total. With a bitcoin going for $563 currently that equals 67.4 million. Not a bad bank heist. I don't know about you but I never truly understood the Bitcoin phenomena. They are created. They are mined. They are used to remain anonymous and therefore are used by drug traffickers and for other illegal activity. I know 100,000 merchants accept bitcoin. I don't know about you, but I don't see many at all... It certainly is not used to every day transaction purposes. The one thing that seems fairly certain to me, is things like this event will happen, where suddenly there is a hack and the electronic bitcoins are stolen from accounts. How could that happen? I doubt the "authorities" have the wherewithal to solve that heist (or to return the bitcoin to the rightful owners). You see that fall in price in the chart above, I get the feeling it was the robbers getting rid of the loot. You can sell down to $1 and still make a profit if you are never caught. So there will now be $67 million of bitcoin sloshing around, looking for the next sucker who will buy it from the thiefs. When that is done and funds converted to dollars, the heist will be complete. The losers will be the poor suckers who will subsequently check their cryptocurrency wallet only to find, they can't buy the drugs they wanted with the anonymous currency of the future. Bummer. http://news.forexlive.com/!/bitcoin-hacked-millions-stolen-after-exchange-attacked-20160803 This is why you don't store your coins on the exchange. I get a kick out of all the hate bitcoin receives. I've been trading for over a year and a half now and have made a good chunk of coin. Just wait until the world moves to digital currency. This will be small potatoes in comparison. 1 Link to comment Share on other sites More sharing options...
Alflives Posted August 3, 2016 Share Posted August 3, 2016 11 minutes ago, Grapefruits said: This is why you don't store your coins on the exchange. I get a kick out of all the hate bitcoin receives. I've been trading for over a year and a half now and have made a good chunk of coin. Just wait until the world moves to digital currency. This will be small potatoes in comparison. I guess the value of the Bitcoin is why countries keep gold still? Link to comment Share on other sites More sharing options...
Grapefruits Posted August 4, 2016 Share Posted August 4, 2016 1 hour ago, Alflives said: I guess the value of the Bitcoin is why countries keep gold still? Tell that to Canada. Trudeau sold off the last of Canada's gold reserves. Link to comment Share on other sites More sharing options...
Alflives Posted August 4, 2016 Share Posted August 4, 2016 8 hours ago, Grapefruits said: Tell that to Canada. Trudeau sold off the last of Canada's gold reserves. Which Trudeau? Link to comment Share on other sites More sharing options...
Grapefruits Posted August 4, 2016 Share Posted August 4, 2016 12 hours ago, Alflives said: Which Trudeau? Justin http://www.cbc.ca/news/business/gold-canada-reserves-1.3475818 Link to comment Share on other sites More sharing options...
Grapefruits Posted December 26, 2016 Share Posted December 26, 2016 Bitcoin trading at over $1200 Canadian right now. Link to comment Share on other sites More sharing options...
SabreFan1 Posted December 26, 2016 Share Posted December 26, 2016 10 minutes ago, Grapefruits said: Bitcoin trading at over $1200 Canadian right now. Soooo, $20 USD.... 1 Link to comment Share on other sites More sharing options...
SabreFan1 Posted December 26, 2016 Share Posted December 26, 2016 On 8/3/2016 at 9:39 PM, Grapefruits said: Tell that to Canada. Trudeau sold off the last of Canada's gold reserves. Canada better barter it's natural resources well if there's ever a total global economic collapse. Link to comment Share on other sites More sharing options...
Ryan Strome Posted December 26, 2016 Share Posted December 26, 2016 8 hours ago, SabreFan1 said: Soooo, $20 USD.... Makes me think of Canadian bacon. 1 Link to comment Share on other sites More sharing options...
SabreFan1 Posted December 26, 2016 Share Posted December 26, 2016 4 hours ago, Ryan Strome said: Makes me think of Canadian bacon. I downloaded and watched it again a few weeks ago. Still funny as ever. 1 Link to comment Share on other sites More sharing options...
Grapefruits Posted January 5, 2017 Share Posted January 5, 2017 $1135 USD $1506 CAD Link to comment Share on other sites More sharing options...
Grapefruits Posted February 28, 2017 Share Posted February 28, 2017 Still not dad. In fact, recently hit record highs. Link to comment Share on other sites More sharing options...
SabreFan1 Posted March 3, 2017 Share Posted March 3, 2017 On 2/28/2017 at 0:41 AM, Grapefruits said: Still not dad. In fact, recently hit record highs. Bitcoin Value Surpasses Gold for First Time in Currency’s History http://www.nbcnews.com/business/economy/bitcoin-value-surpasses-gold-first-time-currency-s-history-n728456 Link to comment Share on other sites More sharing options...
Ryan Strome Posted March 3, 2017 Share Posted March 3, 2017 2 hours ago, SabreFan1 said: Bitcoin Value Surpasses Gold for First Time in Currency’s History http://www.nbcnews.com/business/economy/bitcoin-value-surpasses-gold-first-time-currency-s-history-n728456 That's flippin insane. 1 Link to comment Share on other sites More sharing options...
SabreFan1 Posted March 4, 2017 Share Posted March 4, 2017 8 hours ago, Ryan Strome said: That's flippin insane. I still remember when Bitcoin first came out. I was like, "It's worthless. It will never go anywhere so there's no point". Even a couple years ago I thought that it was only a matter of time until it crashed.... Soooo, I was really really wrong. 1 Link to comment Share on other sites More sharing options...
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