The Hottest & Most Interesting Currency in Existence - Money Talks

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Dec 3, 2013 (3 years and 10 months ago)

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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43

Bitcoin. 
Up
1,439,900%
since inception and up 84% since the European Government
attempting to steal investors savings in Cyprus!

Wow, you think. Better at least find out
how it works
.How hard it is to
open an account
 (easy),
whether its a
good investment
 and how much would I have to risk (US$72 last thursday, up 84% from just two weeks ago on
news of the Cyprus bailout ) and perhaps 
buy one 
just in case it is. 

If you want to watch how Bitcoin works, click on the video below. Otherwise keep on reading
underneath the video. 

After it was noticed that 
Spaniards are opening accounts in a flurry
 after the European
Union attempted to steal investors money in Cyprus, this video below was posted
on Bloomberg's "Market Makers" March 21. In it the guests explain what's happening, what
Bitcoin is, and how it is used: 
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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43


All around the world governments and central banks are expanding the current debt bubble. As
a result, the global banking system failures and massive dilution to money are brining light to
new forms of wealth protection. The following is an excerpt all about Bitcoin and Gold
from Equedia's full article 
The New Currency Movement
. You will find more full articles of all
different views from other authors also below this:

Bitcoin: The World's Largest Online Currency 

Bitcoin
, an open-source software code founded in 2009, is a complex and anonymous type of
electronic currency that can be swapped for local currencies like dollars, yen and euros.

Users create accounts and use their local cash to buy Bitcoins, at a rate that fluctuates with the
supply and demand of the market -- just like any other currency. The Bitcoins can be stored in
an online wallet, used to make purchases and converted back into local currencies.
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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43

The beauty of Bitcoin is that -- unlike most currencies that are controlled by central bankers --
Bitcoin is highly decentralized with the number of Bitcoins in circulation expanding at a
predictable and limited rate.
Bitcoin also notes that its accounts cannot be seized by local
authorities
. (
that last
 
bolding and underlining via Money Talks
editor, all other bolding  by
Equedia
)

If you think that Bitcoin is simply just a novel idea, think again.

The Strongest Currency: Up 1,439,900%

Nearly two years ago, Bruce Wagner, organizer of New York's Bitcoin developer's meet-up, told
Forbes that,
"Someday (Bitcoin) will probably have the Fed scrambling...They still don't know
what Twitter is. By the time they figure this out, it will have already taken hold."

On Thursday, the value of one Bitcoin hit an all-time high of US$72, up 84% from just two
weeks ago on news of the Cyprus bailout. That means there is over US$800 million worth of
Bitcoin in circulation. It also means that since Bitcoin was introduced, the value of a Bitcoin has
gone up 1,439,900%. 

Bruce Wagner was right. Not only has the value of a Bitcoin increased exponentially, the Fed is
beginning to scramble. Virtual currencies have garnered so much attention that even regulators
are now taking notice as earlier this week the Treasury Department said it is applying
money-laundering rules to so-called virtual currencies.

They say virtual currencies such as Bitcoins could become a haven for criminal activity. An FBI
report last year revealed that at least one online service accepts Bitcoins in exchange for illegal
drugs. I guess no one buys drugs with dollars anymore...

The recent media explosion of virtual currencies such as Bitcoin brings to light that people
around the world are truly beginning to lose faith in central bank controlled paper money. When
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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43
you have money that can be printed from thin air, stored in government controlled banking
systems that can impose bailout taxes on your savings, it would be stupid not to look for
alternative ways to protect your savings and wealth. 

I am not writing about Bitcoin because I am promoting it. As a matter of fact, I don't.  I still don't
trust my wealth and security to open-source software codes or virtual currencies - even if they
return me 1,439,900%. Perhaps if I had invested some dollars in Bitcoin years ago, I may be
singing a different tune. However, Bitcoin already glitched earlier this month which caused the
currency's value to briefly plummet 23% before recovering. 

Do you know what alternative currency doesn't glitch and is being hoarded by central banks
around the world?

Gold Hoarding Intensifies

With the recent media frenzy surrounding Cyprus, Bernanke's announcement of continued QE,
and Japan's upcoming massive stimulus increases, gold's value should only rise. 

As I mentioned in "
The Coming Shockwave,
" countries around the world engaged in the race
to devalue have been big purchasers of gold because they know they need to protect
themselves from their own currency. 

In January, I talked about 
Germany requesting their gold back from the U.S and France
. Now it
seems the Swiss want to do the same.

According to Swissinfo:

"A right-wing group has submitted more than 106,000 signatures to the federal authorities,
seeking a vote on stopping the sale of gold reserves held by the Swiss National Bank (SNB). It
also wants gold bars stored in the US to be returned.
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The Hottest & Most Interesting Currency in Existence
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The group, led by members of the Swiss People's Party, the far-right Swiss Democrats and the
Lega dei Ticinesi movement, is confident a nationwide vote will be called on the issue once the
signatures are verified. A date still has to be set by the government.

People's Party parliamentarian Luzi Stamm criticised the sale of gold reserves which started 13
years ago following a decision to abandon the gold standard.

 
"Gold reserves guarantee the stability of the Swiss franc. They ensure that that private savings,
salaries, pension keep their value,"
Stamm said. He warned gold must not be the object of
speculation for the SNB or for politicians.

The initiative also seeks to enshrine in the constitution a clause obliging the central bank to
keep a minimum of 20 per cent of its assets in gold, twice the current level. Promoters say
higher gold reserves will boost the SNB's credibility. In addition, they want to force the
government to disclose where the gold reserves are stored.

An important part of the reserves are kept in the United States, according to People's Party
parliamentarian Lukas Reimann. He doubts whether the heavily indebted country can be trusted
with the Swiss gold.

"It is only in safe hands if it is kept in Switzerland,"
he told journalists."

Back on June 2011, in my Letter, "
The Greatest War in History
," I mentioned that many US
states were beginning to introduce precious metals as legal tender.Now it appears that some
states also want their gold back. 

Texas Rep. Giovanni Capriglione now has a bill in play that would move the state's gold from
New York to a depository within the state of Texas itself. 
Via the Texas Tribune:

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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43
"
Freshman Rep. Giovanni Capriglione, R-Southlake, is carrying a bill that would establish the
Texas Bullion Depository, a secure state-based bank to house $1 billion worth of gold bars
owned by the University of Texas Investment Management Company, or UTIMCO, and
currently stored by the Federal Reserve.

"...We're trying to figure out the right amount of gold to have here in Texas,"
Capriglione said. "
We don't want just the certificates. We want our gold. And if you're the state of Texas, you
should be able to get your gold."

Meanwhile, Argentines are buying more gold than ever to protect their savings from the fastest
inflation in the Western Hemisphere. 

According to Bloomberg
, Banco de la Ciudad de Buenos Aires, Argentina's only bank offering
gold bullion coins and bars to investors and savers is negotiating with mining companies to
purchase gold direct because there is so much demand.

It's estimated that prices in Argentina are rising 26 percent a year and Argentines are using gold
to protect their wealth because buying the buying of US dollar has been banned since last year. 

One Argentine, as Bloomberg reported, bought gold a year ago and is already up nearly half as
a result of a devaluing Argentine peso. 

So while the world watches the paper market of gold being manipulated, the physical world
continues to explode.

It's catch up time.

End Notes

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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43
Ivan Lo

Equedia Weekly.
Questions? 
Call Us Toll Free: 1-888-EQUEDIA (378-3342)
  

More Bitcoin Articles:

Canadian house first on sale for Bitcoin currency

Jittery Spaniards Seek Safety in 
Bitcoins
 - Businessweek

Sorry, Bitcoin Isn’t a ‘Currency’

Why Bitcoins Are Just Like Gold

Bitcoin: Too Good to Be True?

....so much more at this google search
HERE

 

 

 

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The Hottest & Most Interesting Currency in Existence
Written by Editor
Monday, 25 March 2013 00:43
 

 

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