Tag Archives: Bitcoin

Mt. Gox Bitcoin Down 90%: From $1200 to $110.

Bitcoin, the virtual currency occasionally touted as an alternative to the dollar, has recently faded in popularity slightly fter experiencing a major surge of mainstream attention mid-to-late last year. Facing certain hurdles such as government interference and massive hacking incidents, it is to be assumed that Bitcoin would lose some value. However, Bitcoin being sold […]

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Bitcoin Crashes Over 60% after China Bans Deposits.

Bitcoin reached a peak near $1230 per BTC on November 29th; by today, the value of a Bitcoin has crashed to nearly $450, losing over 60% of it’s value in only a little over two weeks. The beginning of the crash was largely in response to an announcement from the People’s Bank of China, when […]

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Bitcoin: The Inevitable Future of Money?

I have had a few interesting debates/arguments with other libertarians over the uncertain future of Bitcoin. Mainly, I have argued with libertarians who seem to think that Bitcoin presents some type of short-term threat to the power of the US dollar and the Federal Reserve. These people have claimed that Bitcoin is marching onward and […]

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Bitcoin: Healthy and Here to Stay? My Predictions.

Bitcoin, the increasingly popular virtual currency touted as an alternative to the dollar, has smashed record highs over $1000 per unit within the past week. People who obtained large amounts of Bitcoin for next to nothing just a few years ago find themselves a millionaire today. There is no question that the Bitcoin frenzy has […]

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Bitcoin Smashes $600; Senate Holds Hearing on Bitcoin.

Bitcoin, the increasingly popular virtual currency touted as an alternative to the dollar, has smashed $600/btc and climbing, recently clocking in at over $640/btc. Growing acceptance of Bitcoin amongst virtual retailers has sparked a rebound in value following the closure of online exchange Silk Road. Adding further fuel to the fire is growing public discomfort […]

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Bitcoin Update: Down then Up.

Bitcoin continues to chug along quietly, steadily rising in value as the closure of Silk Road, which many speculated to be the end of Bitcoin, appears increasingly irrelevant. Shenanigans in Washington alongside China’s recent comments on the dollar and the decision of web services company Baidu to accept Bitcoin as payment have all likely played […]

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Bitcoin Update: Highest Since April.

Bitcoin, the virtual currency touted as an alternative to the dollar, was rattled by the recent closure of it’s most popular marketplace, Silk Road. However, the fallout from said closure has been rapidly overcome as bitcoin climbed to it’s highest value seen since April. Of significant note is the lessened volatility exhibited by bitcoin relative […]

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Bitcoin Crashes After U.S. Government Seizes Main Internet Exchange.

Bitcoin, the virtual currency being touted as a possible future alternative to the dollar, has plunged in value after it’s main internet exchange, known as “Silk Road”, was shut down by federal authorities.  Silk Road exclusively utilized Bitcoin for transactions, and had been an extremely popular medium for the buying and selling of illegal drugs, […]

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