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Dollar slips versus yen; bitcoin
blasts to another high

Reuters, by Jemima Kelly

Original Article

Posted By:Attercliffe, 12/6/2017 8:33:36 AM

LONDON - The dollar slipped against the yen in a quiet market on Wednesday, with appetite for risk muted as concerns about a possible U.S. government shutdown offset optimism about progress on tax reform legislation. Friday’s closely watched non-farm payrolls report and perhaps not until next week’s U.S. Federal Reserve policy meeting. Moves in Bitcoin dwarfed those in regular currencies again, with the cryptocurrency hitting a new record high of more than $12,800 BTC=BTSP, up almost 10 percent on the day. It is on track for its strongest quarter since 2013 after almost tripling in price since the start of

      


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Reply 1 - Posted by: dvc, 12/6/2017 9:30:27 AM     (No. 11472117)

Bitcoin, imaginary cyber "money" back by the full faith and credit of somebody, somewhere, maybe, I think. Even the "creator" is a fiction.

None of my money in that amazing silliness.

US dollar weaker is good for exports, jobs, not for tourists.

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Reply 2 - Posted by: Ribald1, 12/6/2017 10:44:58 AM     (No. 11472210)

The Bitcoin is a fascinating reflection of human nature, especially on the left.
Over $1.5 billion is spent on electricity to ´mine´ these things every year. How many barrels of oil or tons of coal is that?
And the result? A mark on an electronic ledger on a server.
These fad investments always fail, and this one is not the exception to the rule. Luckily most of the investors are leftists.



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Reply 3 - Posted by: Smart11344, 12/6/2017 12:00:33 PM     (No. 11472298)

I am far from being an expert on money. A bitcoin, to me, is not money. I wouldn´t involve myself with bitcoins. Who backs the value and safety of a bitcoin?

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Reply 4 - Posted by: paglia guy, 12/6/2017 12:13:02 PM     (No. 11472317)

Jemima? Really?

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Reply 5 - Posted by: dvc, 12/6/2017 12:40:59 PM     (No. 11472350)

#3, I think it is backed by the Wizard of Oz, mostly.

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Reply 6 - Posted by: arcady, 12/6/2017 3:51:48 PM     (No. 11472537)

Given that the technology to "make" bitcoins allows an infinite number of other electronic coins to be made too. I´ll leave the speculating on these electronic tulips to others.
There was a reason AOL bought Time-Warner at the height of the last tech bubble, marking the top. I expect some bitcoin billionaires to try and buy something of value soon too. And, likewise, that too will sound the bell.

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Reply 7 - Posted by: franq, 12/6/2017 8:39:54 PM     (No. 11472801)

S.C.A.M.

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