Page 26 - Bit Coin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

>> bret: the bit coin roller coaster continues to be on a wild ride. it hit a new record price yesterday and nose dived today. this is what bit coin is and why it is so volatile. >> bit coin launched in 2009 when many people lost faith in government support financial system. bit coin is a digital currency. there is no government guaranteeing and no central bank printing it. it's a peer to peer software system that mimics cash in the physical world. every bit coin is updated across every participating computer on a public spreadsheet. as far as bit coin's safety, whether or not you should buy i...

Trillion is a total. wealth for middle class households is still 34% below pre recession levels. the majority of wealth now flows to the richest households. bit coin plunging. after hitting a record of $17,000. investors in this virtual currency have been on a wild ride. prices soared more than 1,400% this year. it was worth 10,000 just a week ago. now $17,000 this morning before falling $2500. bit coin has long been shunned by regular investors unlike conventional currencies, these virtual coins aren't tied to a central bank. they were kind of always the dark corner of capitalism that was m...

Matt, it's interesting. people talk about it. then you look at it today and it takes a dive. a roller coaster if you are in this bit coin market. >> i am from kansas. any ad commodity, pork bellies, this is a commodity i guess. it doesn't seem real to me. when you do these trades, you find a willing partner on the other end of the line who wants to short it when you want to go long. the government has no role in regulating this. if you have a queasy stomach, stay away from it. >> bret: yes. here's the chairman on this. >> people talk about it as a currency. isn't. nobody controls the supply of...

That's a record high. the s&p 500, the nasdaq also record highs. the latest progress on tax cuts and this is seen as huge corporate tax relief and the fed chief nominee powell is speaking at his senate confirmation hearing. he signalled support from gradually raising interest rates. and there's no stopping bit coin. the virtual currency just blew past $10,000 for the first time. it is up more than 900% this year. the bit coin has long been shunned by regular investors, unlike regular currencies, these virtual coins aren't really even a coin. they aren't tied to a central bank. they aren't regu...

For the first time. it's up 900% this year. it's long been shunned by regular investors. unlike listconventional currenc these coins aren't tied to a central bank, they're not regulated. they're a crypto currency. experts say don't worry, recent gains have been dlichb by investments from hedge funds and asset managers. purely speculative investment folks in a tiny market. a warning for the global work force. automation may kill $375 million by the year 2030. that's a new study. the work most at risk physical jobs like operating machinery, fast food, data collection and processing. the study ...