Bitcoin hits new all time high; current price $256.50

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Forums › Finance and wealth management › Bitcoin hits new all time high; current price $256.50

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timbosan

2159 posts

Uber Geek

#943003 29-Nov-2013 17:25

BinaryLimited: interesting , Current Buy Price: $1,030.48 - coinbase.com

That must be USD - xe.net reports 1 XBT is $1504NZD (as at 5.34pm today).

Crazy that at the start of Nov is was around $200NZD......

BinaryLimited

796 posts

Ultimate Geek

Trusted

#943004 29-Nov-2013 17:26

timbosan:
BinaryLimited: interesting , Current Buy Price: $1,030.48 - coinbase.com

That must be USD - xe.net reports 1 XBT is $1504NZD (as at 5.34pm today).

Crazy that at the start of Nov is was around $200NZD......

Correct. Madness tho!

Binary Limited - Safe. Secure. Simple. ™
www.binarylimited.co.nz

freitasm

BDFL - Memuneh
79250 posts

Uber Geek

Administrator

ID Verified

Trusted

Geekzone

Lifetime subscriber

#943032 29-Nov-2013 18:15

I used my Bitcoins to buy a tablet from another Geekzoner last weekend - paid at NZ$1000/BTC so he's probably pretty happy now.

macuser

2120 posts

Uber Geek

#943058 29-Nov-2013 18:31

I wonder what the deal is with bitcoins. Are they here to stay? Is it just away of avoiding income tax? Etc etc

jpoc

1043 posts

Uber Geek

#943132 29-Nov-2013 20:20

macuser: I wonder what the deal is with bitcoins. Are they here to stay? Is it just away of avoiding income tax? Etc etc

Given the rate at which bitcoins are being snapped up for $kiwi on bitnz, there are a lot of folks in in godzone who want to get their hands on some BTC.

greenbone

176 posts

Master Geek

#943235 29-Nov-2013 23:21

the tech behind bitcoin is really interesting, there is great application besides currency

this interview with IBM architect Richard Brown is a good discussion of what the protocol is and what it enables

so if you believe this technology has promise, well now is a good time to invest imo. to me it seems not dissimilar to investing in a tech stock, except the company is not owned by a person or small group of people, but by millions of users across the world. its a little bit like being able to invest in the internet itself in its early days

ilovemusic

1439 posts

Uber Geek

#943382 30-Nov-2013 13:13

remember where you put them or you might end up like this chap...

:(

http://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289

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BinaryLimited

796 posts

Ultimate Geek

Trusted

#943467 30-Nov-2013 18:06

ilovemusic: remember where you put them or you might end up like this chap...

:(

http://www.bbc.co.uk/news/uk-wales-south-east-wales-25134289

that sux!

Binary Limited - Safe. Secure. Simple. ™
www.binarylimited.co.nz

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