I recently opened a bit coin account. I have not put any money in it by am interested in the possibilities they present to avoid banking fees and I am curious if any BT members have any experience with them. If you do, please share your experience here.

thank you.

I tried "mining" for some a while back, but could never get any. As a currency exchange and savings it might be worthwhile. I know they are used in black market exchanges.

I'm interested in Bitcoin, but not enough to actually use it. The price has fluctuated 50% twice in the last 4 months, so it's not much use as a store of value, one of the main features of currency. Perhaps one could speculate by buying low/selling high. Several exchanges have had to stop all withdrawals due to DDoS attacks using false trading info. Some folks invest large sums, say $6K - $15K in custom mining computers that have the potential to pay off significantly. In general the risk is too high for me...

This used to be a libertarian/anarchist fantasy: transactions that are untraceable and untaxable. Please keep us updated on what you find out/your experiences...

I'm always a bit slow to accept new technology. While I've heard of bitcoin I haven't invested the time into learning about it. And wasn't there just something in the news about there possibly being a huge bitcoin scam?

Bitcoin was used for black market websites. Not sure if that's the scam you were referring to. Though I have no doubt there are legitimate scams with the currency as well, just as there are with dollars.

An article about bitcoin ATM's:

http://news.cnet.com/8301-1023_3-576190 ... in-the-us/

As I posted above, I opened a buffoon account but haven't put any money in it. I was trying to find out more about evictions and thought that might help by giving me dissect access to information. So far I still have the same issues.

Has anyone seen bitcoin value fluctuations compared with the dollar's?

A buffoon account? Please don't talk about yourself that way.
evictions?
dissect?


As to bitcoin price history, the chart below shows it has been extremely volatile in the past 5 months.

Dear the autocorrect on my Kindle. I typed Bitcoin but it 'corrected' it to buffoon. Perhaps Kindle was making an editorial comment.

One computer I had would change 'Pentium' to a part of male anatomy.

Buffoon news
Url BT ap not working this morning
http://www.usatoday.com/story/tech/2014 ... e/5801093/

This form of currency is gaining some attention, if for anything, the lack of understanding around it. I've not used it myself, nor do I have any future plans too as I cannot purchase gas, food, or the essentials of life with it yet, but then again, I can't do the same with gold either. LOL!