What are people buying with bitcoin? Gold and Silver

J Thoendell stashed this in Cryptocurrency

Source: http://www.businessinsider.com/bitcoin-b...

At least $7 million worth of bitcoin — or 6,296 coins — were spent on Black Friday, according to data from Bitpay, one of the country's largest payment service providers. )The price of Bitcoin averaged about $1,200 on Nov. 29.)

And what did a huge number of people buy? Gold and silver bullion. (The price of the latter, by the way, nearly matched bitcoin's on Friday).

<a rel="nofollow" target="_blank" href="http://www.businessinsider.com/bitcoin-black-friday-results-2013-12"><img src="//img.pandawhale.com/post-32897-Bitcoin-Black-Friday-Results-B-kz1H.png" alt="Bitcoin Black Friday Results Business Insider" /></a>
 
 Source:
 <a rel="nofollow" target="_blank" href="http://www.businessinsider.com/bitcoin-black-friday-results-2013-12">http://www.businessinsider.com/bitcoin-b...</a>

At least $7 million worth of bitcoin — or 6,296 coins — were spent on Black Friday, according to data from Bitpay, one of the country's largest payment service providers. )The price of Bitcoin averaged about $1,200 on Nov. 29.)

And what did a huge number of people buy? Gold and silver bullion. (The price of the latter, by the way, <a rel="nofollow" target="_blank" href="http://www.businessinsider.com/bitcoin-gold-parity-2013-11">nearly matched bitcoin's on Friday</a>).

J Thoendell
10:09 AM Dec 04 2013

Stashed in: Money!, Awesome, Bitcoin

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A Bitcoin is worth an ounce of gold?!

This whole system has gotten crazy.

Still, it increasingly makes sense to represent Bitcoin with a golden coin.

Symbolizes how shiny both commodities seem.

Adam Rifkin
8:09 AM Dec 05 2013

What are people buying with bitcoin? Gold and Silver

J Thoendell stashed this in Cryptocurrency

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