Someday, Bitcoin prices may come crashing down, causing the suckers who own them then to lose their shirts.
But, in the meantime, those who are speculating in Bitcoin are just laughing at all the people who are dismissing Bitcoin as a bubble. These speculators have made 7X their money in six weeks, which is a return that more than justifies the risk they took of potentially losing everything. (As long as the chance of each outcome is roughly the same, downside of 100% and upside of 600% is a great bet.)
A Satire of Tulip Mania by Brueghel the Younger (ca. 1640) depicts speculators as brainless monkeys in contemporary upper-class dress. In a commentary on the economic folly, one monkey urinates on the previously valuable plants, others appear in debtor's court and one is carried to the grave.
"If I were going to put a price target on Bitcoin, I would think that $400 would be a perfectly reasonable target.
Unfortunately, so would $1,000. Or $2,000. Or $5,000.
And, because you're probably already getting ready to blast me for "irresponsibly fueling speculation," so would $0."
Bitcoin is a powerful, game-changing crypto currency that may literally change the world. It's a huge threat to centralized banks and government currency controls because it's entirely decentralized, anonymous and virtually impossible to track. Bitcoin is the "underground railroad" of money, and it has an important role to play in the epic battle between liberty vs. slavery.
The tiny comic strip featuring the eyepatch-wearing brand mascot Bazooka Joe that has been wrapped around each piece of gum since 1953 is being replaced.
New inserts will feature brainteasers, like a challenge to list 10 comic book heroes named after animals, or activities, like instructions on folding the insert into an airplane. They also include codes that, when entered at BazookaJoe.com, will unlock content like videos and video games.
Bazooka Joe and his sidekick, Mort, who wears his turtleneck up over his mouth, will appear only occasionally as illustrations in the new inserts, but without the antics and corny jokes of the three-panel strips.
Ahh the things I find on the internet...
Remotely activate a bubble machine and watch the results via webcam in this south Florida garden.
From executive producer, John Di Maggio in association with Dundee Entertainment and Cinovative, comes a documentary on the mysterious world of "Voice Over & Voice Acting." We have collected the top voice actors, voice directors, casting voice directors, video game producers, animators, creators, agents, producers, engineers, mixers, dialogue editors, voice teachers, voice school and all those involved in the booming voice-over industry. This is a must see documentary for anyone that wants to know what goes on behind the scenes in your favorite cartoons, animations, and anything to do with voice acting. This is the first trailer, as we are still in production on this obtaining more quality interviews for our fans and supporters. Like us on facebook for updates and behind the scenes photos. For full cast info please check IMDB.com as we are adding new talent constantly.
there's a reason she works out in heels but I forgot what it was.
In Inner Mongolia a new city stands largely empty. This city, Ordos, suggests that the great Chinese building boom, which did so much to fuel the country's astonishing economic growth, is over.
Is a bubble about to burst?
read the title
Consider the following picture: Recent growth has relied on a huge construction boom fueled by surging real estate prices, and exhibiting all the classic signs of a bubble. There was rapid growth in credit — with much of that growth taking place not through traditional banking but rather through unregulated “shadow banking” neither subject to government supervision nor backed by government guarantees. Now the bubble is bursting — and there are real reasons to fear financial and economic crisis.
Despite the slide, gold remains one of the best-performing asset classes of 2011 and recent falls have merely reversed the gains seen in August.
There are a lot of headlines lately about the debt issues in the United States (not to mention Europe and Japan). But what does this issue mean for the investor? It appears that the whole system of fiat currencies is being challenged. In other words, the real issue here is how long will the Dollar (and Euro and Yen) remain viable currencies?
This St. Patrick’s Day, raise a glass to the beer researchers of Ireland. By figuring out how bubbles form in stout beers, a team of mathematicians has come up with an idea that could better unleash the foamy head of Guinness: beer cans lined with a material similar to a coffee filter.
Somebody left the kitty makin' machine on...
I began my column last week with the words "We know all about Guantanamo". I was wrong.