Bitcoin / Bitcoins / Crypto Currency

Price has fallen further since Sparky's attempts to calm the market.
Any further information about this non-issue before I buy in?

The price drop is being fueled by silk road two being hacked again and losing all of their bitcoins

Did you see the memo from the guy, asking users to track down the culprits. Nasty business.

The price drop is being fueled by silk road two being hacked again and losing all of their bitcoins

They don't have much joy over there do they?

sparky you need to do the same as those guys from the mirror / sun a few years ago where they bought shares in companies they tipped and made a packet from it
self fulfilling prophecy and all that

talk up bit coins in another big and glowing article in the weekend edition and BANG up it goes !

make sure you let us know first though

Make favorable comparisons to annuities and property and those rich Telegraph readers with create the biggest bubble this side of Celtic Tiger.

I hold so few bitcoins and carry so little sway in the market that I very much doubt I could make it work, even if it didn't outrage everything I stand for as a journalist.

I just genuinely find crypto-currencies fascinating and bloody good fun to write about. Such a genuinely new, exciting phenomenon with real capacity to change things.

Is the BBC explanation of bitcoin deliberately obtuse? How the f--k are you supposed to understand it without any mention to the shared public ledger?

does anyone understand bitcoin... really?

does anyone understand bitcoin... really?

The developers. You need a strong background in comp sci to fully get it.

The mysterious mulitmillionaire anonymous developers...
Think my background checksout and ive no idea how it works.

Anyone who talks as if they know exactly what's going to happen with bitcoin is wrong. Plain and simple. It's a fun experiment and I'm enjoying watching it.

They're not anonymous. You can find them all on github. If you've read the code and you don't understand how it works then you don't have the right background.

I doubt there are many people who understand every little intricacy. But plenty of people understand the basics. Having said that, there's an awful lot of misinformation around. That's not likely to change; the average man in the street doesn't know how banks work, for example.

I'm not getting into bitcoin, the code is way too simplistic.

I'm not getting into bitcoin, the code is way too simplistic.

Waiting for SchickCoin now.

Mt gox £240

Uk average £420

?

I just went to bit bargain looking to buy some cheap bitcoin, prices are still pretty high. Where is selling cheap? Can I still buy from my gox? Are there any advantages / disadvantages?

Yes. You might be able to buy from gox but you wont be able to withdraw your coins.

Great

The anonymous online marketplace Silk Road 2 says it has been hacked resulting in the loss of all its customers' bitcoins.

     An administrator for the site said hackers had manipulated  computer code enabling them to withdraw $2.7m (£1.6m) worth of the  virtual currency.

Seems convenient ?

http://www.bbc.co.uk/news/technology-26187725

Protest at Mt Gox, Tokyo, 14th February 2014 - YouTube

http://www.businessinsider.com/bitcoin-crashes-to-220-on-mtgox-2014-2

buying opportunity of is it on it's way to zero ?

can you short bit coin ?

Think £400 a coin is a good entry point.
Trying to register with bitcoinbargin but the requirements are impossible to meet
https://bitbargain.co.uk/user/verify

Sent them a scan of my passport = rejected because black & white (what difference that makes to confirming my ID not sure)
Sent them a utility bill = rejected because a month old (i only get billed quarterly)
Sent them a proof of image photo = rejected because of quality
Sorry but noones passport is the size of their head?

dicki.. yes ^ read up and tell us how much you gamble

Whoooo whoo im finally verified at Bitbargin
and the price has dropped another 40 pounds since.

http://www.reddit.com/r/Bitcoin/comments/1yhu5w/mtgox_below_100/

now im nervous

local bitcoin are selling around the £360 mark at the moment.