Bitcoin: Value of All Virtual Currencies Combined is Close to $13bn

Discussion in 'General Discussion' started by stg58, Dec 31, 2013.


  1. stg58

    stg58 Monkey+++ Site Supporter+ Founding Member

    Still hiding my money under the mattress and buying Silver but "Virtual Currencies""cryptocurrencies" intrigue me....and scare me.

    By and large greenbacks, barter and Silver are my currency.
    .........................................
    Bitcoin is the most popular example out of some 67 virtual currencies, that have a combined value of about $13bn (€9.4bn, £7.9bn), according to a website that ranks virtual currencies.

    According to coinmarketcap.com, which currently lists 67 "cryptocurrencies", the total market value of all virtual currencies is $12.94bn as at 30 December. With a supply of more than 12 million, bitcoins are currently worth $9.1bn at $750.99 per coin.

    Bitcoin: Value of All Virtual Currencies Combined is Close to $13bn - Yahoo News UK



    Countries like China and India have banned bitcoin exchanges operating there.

    Top 10 Virtual Currencies by Market Cap

    Rank Name Market Cap Price Total Supply
    1 bitcoin $9,154,511,776 $750.99 12,189,925 BTC
    2 Ripple $2,726,957,747 $0.027 99,999,998,246 XRP
    3 Litecoin $ 585,305,729 $23.99 24,401,342 LTC
    4 MasterCoin $103,821,953 $184.36 563,162 MSC
    5 Peercoin $91,243,780 $4.35 20,984,110 PPC
    6 Nxt $53,438,839 $0.053 999,997,986 NXT
    7 Namecoin $38,815,611 $5.09 7,623,292 NMC
    8 Quark $27,529,983 $0.11 246,906,817 QRK
    9 ProtoShares $25,437,881 $20.81 1,222,609 PTS
    10 WorldCoin $18,700,680 $0.50 37,732,779 WDC
    Source: coinmarketcap.com
     
    Last edited: Dec 31, 2013
  2. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    You Should Probably Ignore That 'JP Morgan Bitcoin' Patent — It's Over A Decade Old
    Debunking JP Morgan Bitcoin - Business Insider

    I'm not ignoring it....
    Call me old fashioned...but silver and seeds IN MY HAND trumps 1's and 0's on a flash drive or in a bank account.
     
  3. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Funny enough, I agree.
    Cash (FRN, Silver or something tradeable) in hand trumps your money in the bank or on a flash drive.
    Way more liquid especially when the bank decides it's time for us to get hair cuts.
     
    Mindgrinder likes this.
  4. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    I won't lie though...being a very active Pirate Party of Canada member for a couple years (retired) I have a few bitcoins that cost me less than silver....i've been tempted MANY times to sell last year and talked myself out of it.

    Pirate Party of Canada
     
    VisuTrac likes this.
  5. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

  6. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    I'd trade my lil' stack of CAD bills for BTC. Seems that they are hard to spend in USD land. Not too long ago, CAD was worth more than USD. That ATM needs to come to Windsor.
     
  7. Mindgrinder

    Mindgrinder Karma Pirate Ninja Jedi Bipolar WINNING M.L.F.

    Well...if u read the links I posted you'd think otherwise.

    "
    New users set up a digital wallet by scanning their palm on the machine, while others who already have a Bitcoin wallet select how much money they want to spend, insert the cash, and scan a complex square bar code on their phone to have the Bitcoins transferred to their wallet.
    "
     
  8. Tyler Danann

    Tyler Danann Monkey

    Just rechecked the wallet, got my bitcoin, all 0.5 of it, snuggled up and ready :) LOL

    It's a pain the ass to buy a bitcoin though. You have to 'verify' your identity if you want to do online buying and selling.

    They don't know what your wallet contains though, that's off-limits from the PTB, which is why they want to regulate it.
     
  9. VisuTrac

    VisuTrac Ваша мать носит военные ботинки Site Supporter+++

    Not necessarily true. There are all kinds of meetups all over the world where one can acquire BitCoin w/o having to go through exchanges. Granted, the premium can be a bit steep depending on the individual. LocalBitcoins is another option. Fiat to BTC and BTC to fiat. But, it's all negotiable. Don't like the terms one is offering, try the next.

    Once you have BTC, you can use it for commerce from your wallet. Or even get it into an exchange. And not all exchanges require you to have verified identities, only those that FinCEN and other bank strong arm enforcers have intimidated.
     
  10. Tyler Danann

    Tyler Danann Monkey

    I agree but not fully. In SOME part of the world the only way you can trade bitcoin is via the internet due to the government making it illegal or people not trusting it enough.

    The exchanges are also risky and conmen are getting in on the action. There's a lot of folk been stolen from...

    I bought mine with western union via a 'broker', it cost me a little bit more....
     
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