Over the last couple of weeks, everybody has been weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting to just over $100 in a few hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it became the one thing everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).
In order to get started to generate and trade Bitcoin s you have to download and install what is called a Bitcoin client to your computer. This will give you the Bitcoin wallet and address. When people want to pay you give them your Bitcoin address and they send it to there.
Always one to try to understand the relation of economics and politics, I asked our Argentine contact what life was like for the average Argentinian in Buenos Aires. She related how expensive it was for the average person to purchase imported items. This resulted from their most recent economic crisis of 2001-2002. When I mentioned traveling overseas, she looked at me cross-eyed. There was no way this was possible for her without saving for quite some time.
Locate your bit coin address: If you have successfully created bitcoins wallet now you are able to login and also you can receive money and coins. At this page you have to fill your address which is about 33 to 36 characters long.
12/13: With the Ante Up Poker Tour visiting Red Rock in January, we thought it would be good to have its tournament director on the show to tell us all about the series. [Visit Website] [Download MP3].
However, some Forex brokerage firms permit even less than that by giving you up to 200 times the leverage. That is with only $100 capital outlay, you can control a 200,000 unit currency position.
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