Bitcoins are WAY undervalued...
Okay, I'll sell you 10 BTC for $200 USD cash. 
j/k, I agree with you.
Topic: BITCOIN ON CNBC!!! (Read 2821 times)
j/k, I agree with you.
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This volatility —and lack of transparency — has scared away some investors and critics.
Are they talking about MtGox or Bitcoins?
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Instead, their worth is determined by a computer algorithm invented by an anonymous, shadowy programmer.
Well, everyone here better know that isn't true, but please enlighten the readers of the article if you could.
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It will take 24 to 48 hours for anyone new to btc reading this article to get the funds to mtgox.. yes?
edit: just raised my buy order
edit: just raised my buy order
If they use DialCoin, it will take them 30 seconds.
It will take 24 to 48 hours for anyone new to btc reading this article to get the funds to mtgox.. yes?
edit: just raised my buy order
Yes, unless they already have a funded Dwolla account. edit: just raised my buy order
It will take 24 to 48 hours for anyone new to btc reading this article to get the funds to mtgox.. yes?
edit: just raised my buy order
edit: just raised my buy order
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"Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
This is not serious. The statement is a misinformation like this one:
Bitcoin raised from U$13.00 to 1.3 million dollars a coin at the end of july/2011. In the blink of an eye.
https://bitcointalksearch.org/topic/mtgox-btc-price-13-million-per-bitcoin-33185
ha, I totally forgot about that one, even though I had some millions of dollars myself back then.
Awesome counter!
I hope to see BTC rise in value quite quickly however people may tend to have negative impressions of BTC after the scandals.It's going to take time to recover from that.I do hope more positive articles like this come up.
I hope BTC doesn't rise in value quickly. for the obvious reasons.
Why no comments on the article page itself ?
I hope to see BTC rise in value quite quickly however people may tend to have negative impressions of BTC after the scandals.It's going to take time to recover from that.I do hope more positive articles like this come up.Is there a site where I can invest in stocks/shares with BTC,and then cashout with BTC?
The press ALWAYS gets the details wrong when they have an article about anything even remotely technical. When I started working in tech (1998) I was appalled by the coverage of the new "world wide web" and how wrong they got everything. I made me wonder how much they got wrong in fields I know nothing about, like medicine.
So, I learned to just take the suface info from a news article, and research for myself if I wanted the real details.
In that light, a reasonably positive article like this is great news.
It seems like Bitcoin is getting more and more coverage in this vein. That's great news. A constant trickle of small, positive coverage is what we really need. Huge splashes like the Silk Road news only cause a bubble.
So, I learned to just take the suface info from a news article, and research for myself if I wanted the real details.
In that light, a reasonably positive article like this is great news.
It seems like Bitcoin is getting more and more coverage in this vein. That's great news. A constant trickle of small, positive coverage is what we really need. Huge splashes like the Silk Road news only cause a bubble.
I'm in the biomed field. The media is terrible, almost everything they report ends up being misleading or just flat out wrong. Its insane. Truely an appalling state of affairs, like you said. I heard some guy being interviewed on NPR last week who wrote some book about info security. Someone called in asking what a "zero day" was and the guy claimed he had never heard that term.
edit: here is the interview for anyone who wants to be horrified:
http://thekojonnamdishow.org/shows/2011-11-16/waging-digital-war
Now I'll stop bein offtopic.
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"Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
This is not serious. The statement is a misinformation like this one:
Bitcoin raised from U$13.00 to 1.3 million dollars a coin at the end of july/2011. In the blink of an eye.
https://bitcointalksearch.org/topic/mtgox-btc-price-13-million-per-bitcoin-33185
Also, "Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
When did this happen?
When did this happen?
True but out of context. Talking about the price on MtGox (but not other exchanges) when MtGox was hacked.
Hm. That is somewhat deceptive, without explaining *why* it went from $17 to pennies. Would you agree?
They explain that it was due to the mtgox crash later in the article. I don't see why it needed to be mentioned twice though, with the first mention given with no context.
Bitcoins are WAY undervalued...
Also, "Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
When did this happen?
When did this happen?
True but out of context. Talking about the price on MtGox (but not other exchanges) when MtGox was hacked.
Hm. That is somewhat deceptive, without explaining *why* it went from $17 to pennies. Would you agree?
So is this enough press that an influx of buyer could start a rally?
The press ALWAYS gets the details wrong when they have an article about anything even remotely technical. When I started working in tech (1998) I was appalled by the coverage of the new "world wide web" and how wrong they got everything. I made me wonder how much they got wrong in fields I know nothing about, like medicine.
So, I learned to just take the suface info from a news article, and research for myself if I wanted the real details.
In that light, a reasonably positive article like this is great news.
It seems like Bitcoin is getting more and more coverage in this vein. That's great news. A constant trickle of small, positive coverage is what we really need. Huge splashes like the Silk Road news only cause a bubble.
So, I learned to just take the suface info from a news article, and research for myself if I wanted the real details.
In that light, a reasonably positive article like this is great news.
It seems like Bitcoin is getting more and more coverage in this vein. That's great news. A constant trickle of small, positive coverage is what we really need. Huge splashes like the Silk Road news only cause a bubble.
Also, "Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
When did this happen?
When did this happen?
True but out of context. Talking about the price on MtGox (but not other exchanges) when MtGox was hacked.
In related knew Proctor & Gamble stock went from $50/sh to pennies per share in the "flash crash". Of course nobody would equate that to an issue / P&G instead of the markets & high frequency trading.
Patrick Strateman = phantomcircuit. He's the CTO for Intersango and a member of Bitcoin Consultancy
Ah, interesting...there's certainly no bias there.
Also, "Bitcoins have been known to go from $17 a coin to pennies in the blink of an eye."
When did this happen?
Patrick Strateman = phantomcircuit. He's the CTO for Intersango and a member of Bitcoin Consultancy
"A fiat currency used in Internet commerce"
Yeah why do so few people know what fiat means... it means "by decree" of government. Come on CNBC do 5 mins of wikipedia research =)
Anyway, awesome placement of an article! Will surely get thousands of views.
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