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Bitcoin Plummets Below $3,000 on Rising China Worries (ft.com)
Bitcoin dropped below $3,000 on Friday as the cryptocurrency extended a brutal eight-day sell-off that has reduced its value against the dollar by a third. Financial Times reports: The currency traded as low as $2,972, marking a 36 per cent fall from bitcoin's close on September 7, and a collapse of 40 per cent from the highs struck earlier this month. The latest bout of selling came after BTCChina, one of the country's biggest bitcoin exchanges, said it would halt trading at the end of the month. Focus has now shifted to the communist country's other two big exchanges: OKCoin and Huobi. Alternative source.
"JP Morgan Chase & Co. is a U.S. multinational banking and financial services holding company headquartered in New York City." - Wikipedia
Yeah, let's trust the guy trying to push a competing product. Let's also forget the bank bailouts where they squandered billions and were saved by the government anyway (i.e. with your taxes).
#DeleteFacebook
Exactly what do you think is competing here? If the banking industry thought these were viable, they'd be trading them and they'd be operating exchanges.
Yes, because what I want from a currency is wild swings and the ability to speculate instead of hold value long-term. Honestly that sounds like a commodity, not a currency.
Shutting down free speech with violence isn't fighting fascism. It IS fascism!
Worse... its a commodity that has no utility. I buy pork bellies, I can at least make bacon.
Bingo. If there's anything missing from my current economic experience, surely it must be having to check before I buy anything to see what my currency is actually worth today.