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>. Bitcoin is a collectible. Bitcoin was a money transfer tool to move money out of China That's a huge reason it spiked, and why it stopped spiking (when the
by gte910h 13y ago
>. Bitcoin is a collectible.
Bitcoin was a money transfer tool to move money out of China
That's a huge reason it spiked, and why it stopped spiking (when they shut that down)http://www.nytimes.com/2013/12/06/business/international/china-bars-banks-from-using-bitcoin.html?_r=0 http://www.nytimes.com/2013/12/06/business/international/chi...
- oleganza 13y agoDid it stop spiking? It's up from $750 to $900 (mtgox price) in 7 days. Bitcoin can be used to "move money" only when it's valuable. So it must be valued and collected by some people beforehand, so others can sell it to them in exchange for currencies on the other side of the border.