Why Bitcoin may be bad for you now, but great for ...

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By Felix Salmon. February 26, 2014. In November, I said that I was waiting for bitcoin to get boring — and it certainly isn’t boring yet. The death of Mt Gox has created headlines saying things like “Bitcoin future in doubt” and “Mt. Gox Meltdown Spells Doom for Bitcoin”; those, in turn, have sparked their own backlash of people saying that in fact this development is one of the ... Felix Salmon, a finance blogger at Reuters, maintains that the Bitcoin bubble is about to burst. The idea of a no-fee currency is wonderful, but who, he asks, would want to put their wealth in ... These are numbers that belong more to a volatile commodity than to a currency, and that emphasise an uncomfortable paradox noted by Reuters finance blogger Felix Salmon at the start of April ... The currency may not be right for novice investors, but a consensus is emerging that it is great for innovation in the financial sector. Felix Salmon. The promise of Ripple. By Felix Salmon. April 11, 2013. This is a chart of the value of bitcoin yesterday, Wednesday. It’s hardly a secret that bitcoins are a highly volatile asset class, so relatively few eyebrows were raised when the price soared from an opening level of $230 all the way to a high of $266. An intraday swing of more than 15% is pretty much par for the bitcoin ...

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