Diehard Bitcoin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Daily volatility from 5% to 10% to more in bitcoin throughout the last several weeks. extraordinarily volatile and new. when banknotes traded based on the credit worthiness of the banks that in fact wrote them. you could trade one note against's other. you can do that in crypto currency world as well today. >> and the concept it will become digital is easy to get your mind aird. >> yes. >> and the concept of the technology behind bitcoin is important and will become something. if someone is watching and still thinks they want to get rich, seen others get rich on this what should they know? >> ...

Week you're down a few thousand already. use vegas money speculating in currencies like these. just as the end of the dotcom era, nided to use vegas money to speculate in the lesser known names. razor fishes, globe.com and many thousands of companies that ultimately didn't make it. we don't know if bitcoin will last. central banks, financial institutions, the better way to play it as during the dot kocom or gold rush, bit equipmentmakers. maybe financial institutions and those that supply block chain technology are an investment. bitcoin is a speculation and in a bubble. >> good to see you, bu...

>> it's not true. of course, right now we're at a moment of virtual full employment. so for a lot of people who are out there, and most of whom have legitimate reasons for not working, finding jobs is not an easy phenomena in any case, and this is a punitive thing morn anything else. just like the notion of having drug testing for people on welfare instead of having drug testing for those on corporate welfare. >> no kidding. norm good to talk to you. norm orenstein of the american enterprise institute. bitcoin is seeing highs, people rush to them hoping to get rich. many say it's looking lik...

Inherently nothing underlying, underpinning the u.s. dollar because it's not tied to gold anymore, but we believe in the value of a dollar for a lot of reasons. not having to do with gold. >> correct. three properties, ali. money has three properties. it is a unit of account. it is a store house of value and a medium of exchange meaning if i walk into a store and i'm going to pay you $10 for something, that $10 for the store owner will be worth $10 which they turn around to buy other items or invest in their own business or put it in the bank. we don't know with bitcoin, traded this morning at...

Had this conversation earlier today. so much fun i wanted to have it again. ron, what am i missing? what is it that is intrinsically value about about bitcoin causing someone to invest in it? >> the proponents, enthusiasts, real diehard bitcoin traders and investors suggest this is going to be a knew currency that may well supplant the currency as it is now. because of block chain technology it will create an entirely new architecture, financial, for the world making other currencies obsolete and bitcoin, because it's not run by a government, extremely attractive, because of so many uses and t...