Bitcoin - Part 2

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Applecorped is referring to this...

http://www.bloomberg.com/news/artic...cially-a-commodity-according-to-u-s-regulator

Virtual money is officially a commodity, just like crude oil or wheat.
So says the Commodity Futures Trading Commission (CFTC), which on Thursday announced it had filed and settled charges against a Bitcoin exchange for facilitating the trading of option contracts on its platform.
"In this order, the CFTC for the first time finds that Bitcoin and other virtual currencies are properly defined as commodities," according to the press release.
Click to expand...
 
Belz... said:
Interesting.
Click to expand...
Only in that the price volatility is far less than it has been historically. Throughout 2015 the price has oscillated between $200 and $300 which suggests that a lot of speculators are looking elsewhere.

Maybe wrs was partially right except that he predicted the long term price would settle at around (you guessed it!) $150 whereas it seems to be more like $250 ATM.
 
Well I have to admit that I was utterly wrong. I thought that when the initial palaver and speculation was all over and when Apple and others introduced more mainstream alternatives that bitcoin would wither on the vine and have a small residual value supported by a comparatively small number of people who specifically needed its anonymity.

I've got my shoes on for The Sorry Dance and the orchestra is tuning for my rendition of The Sorry Song. :o :o
 
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