Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

11-25-2013 • Wired.com

Just 10 months ago, a bitcoin sold for a measly $13. The spike was big news across the globe, from Washington to Tokyo to China, and it left many asking themselves: “What the hell is a bitcoin?” It’s a good question — not only for those with little understanding of the modern financial system and how it intersects with modern technology, but also for those steeped in the new internet-driven economy that has so quickly remade our world over the last 20 years. Bitcoin is a digital currency, meaning it’s money controlled and stored entirely by computers spread across the internet, and this money is finding its way to more and more people and businesses around the world.

1 Comments in Response to Bitcoin Survival Guide: Everything You Need to Know About the Future of Money

Comment by PureTrust

Entered on: 11/25/2013 7:36:40 PM

Have you been watching BitQuick.co - https://www.bitquick.co/? BitQuick.co lets you sell your bitcoins through their site by holding them in escrow, while folks deposit cash into your bank account. Once there is confirmation that the funds have gone into your bank account, BitQuick.co releases the bitcoins to the buyer.

Go and take a look at BitQuick.co. As of this writing, Bitcoin is selling for about $830 on MtGox, which is the standard for pricing in the English-speaking world. Yet BitQuick.co has prices that are well above $900 in some cases. AND THEY APPEAR TO BE SELLING!

Just this morning there were a whole lot more for sale than right now. Sure, some of the sellers might have changed their minds. But odds are that a whole lot of coins sold.

If you have some bitcoins that you want to get rid of at the MtGox price, just put them up on BitQuick.co at the MtGox rate and watch them go (if you use a popular bank like B of A, Chase, or Wells Fargo, that is).

Make a Comment (1) • Email Link • Send Letter to Editor