Fess up, are you the anonymous entity who now holds $147 million in Bitcoin?What’s the point of being a newly minted Bitcoin millionaire if you can’t spend your bounty, right?In time for Black Friday, BitPay has compiled a directory with more than 12,000 businesses and charities that accept Bitcoin using its service, a PayPal-like electronic payment processing system for Bitcoin.“We are often asked where to spend Bitcoins and this global directory allows Bitcoin merchants around the world to get discovered,” says BitPay cofounder and CEO Tony Gallippi in a statement.“With this service we will be linking over 5 million Bitcoin users with merchants and we will continue adding more merchants.”To promote Bitcoin Black Friday, BitPay will feature the one-day sales of featured merchants on its directory.Vendors include those selling VPN, hosting, and other web services, but span into organic foods, coffee shops, and e-cigarettes.The directory also includes a travel and tourism section, helping Bitcoin enthusiasts plan vacations and find local merchants that accept Bitcoin.

On average Bitcoin has done nothing but go up so I'm optimistic that the price will be higher than today unless we lose internet.However it's difficult to say... Here is a list of major things that will determine the price of which most are not predictable at this point:US and / or European government involvementLiquidity (ATMs, exchanges, etc)Big changes in mining hardware all old mining hardware is essentially obsoleteChina's re-opening BTC tradingBig companies accepting BTC as payment (zynga today)Available internet access globallyOther things I haven't thought of yet...For the most part I think things are looking good for BTC in 2014.ethereum raspberryThere are a lot investors putting money into the technology and ways of improving it.ethereum bearOnce people realize that the currency is deflationary due to its scarcity and when I earn BTC by selling goods and services it essentially becomes worth more on its own versus traditional fiats which become worth less.bitcoin aml risks

Once people realize this I think we may see larger adoption which will increase demand and drive up the price.I'm going to make a prediction of 5x to 10x current price assuming no major government involvements or catastrophic communication collapses worldwide.Just because of how scarce this currency is.Imagine if 12 million were invested in BTC right now, on average each user would own only 1 BTC.Now imagine if 10% of the globe used BTC, that's 0.01714285 per holder on average.will bitcoin spike againExtremely scarce on a global level.I think Brent Royal-Gordon captures the nature of market pricing pretty well.What I will add some thoughts to what will likely need to happen for the price to change notably for the positive.quora bitcoinBitcoin is in great need of credibility outside of its current niche fan base.bitcoin billionaire time hack

Bitcoin to continue to rise in price, demand will need to rise and that will mean some pretty major player adopting Bitcoin as a payment option.Both Microsoft and Apple have shown a general openness to Bitcoin by accepting it through some removed subsidiaries or as an option for apps in the iTunes app store.Bitcoin will need more, higher level adoption than this to make it.Some headwinds are competition like Apple Pay among others.Lots of big players are competing in this space and they will likely beat Bitcoin because they have more firepower and credibility.Another headwind with Bitcoin is the fact that even major investors in Bitcoin companies and exchanges are saying that the real value is not in the currency, but the technology.I've said before that Bitcoin is a lottery ticket from an investment perspetive.If it does catch on (very unlikely), it will be an amazing investment.Otherwise, you will probably lose all of your money.Just some thoughts, hope this helps.If the Bitcoin market is fairly efficient, then the best estimate for the future price of a Bitcoin is whatever the current price of a Bitcoin is.You can look at a list like Matt deCourcelle's and see that there are a lot of unknowns in the Bitcoin market.

But the fact is, everyone who is currently buying and selling bitcoins is already thinking about these factors, and they've influenced the price those people have chosen to buy and sell their bitcoins at.Now, some of those factors are big unknowns—particularly the future decisions of governments—and so the estimates the market is making are pretty rough and tend to swing wildly whenever something influences those chances.But unless they have inside information, no individual person has a better idea of how those issues will shake out than the market as a whole does.Sure, some of those people will end up being right and others wrong, but you can't figure out who's who from only the information available today.Thus, the best estimates of these factors available to the public are already factored into current Bitcoin prices, and nobody on Quora can give you a better estimate than that.(Thegeneral form of this argument is called the efficient-market hypothesis.It basically states that it's impossible to consistently "beat" any market, whether in stocks, bitcoins, or houses, without inside information.)

Críticas "Bitcoin is about to transform both finance and how we use the internet, and this fascinating book chronicles its unlikely genesis.Popper has produced a riveting tale filled with colorful innovators that is crucial reading for anyone who wants to understand the future."--WalterIsaacson"Many believe that Bitcoin is all about the algorithm: that its magnetic personalities are less important than its mathematical principles."Digital Gold" is deeply-reported disproof of any such theory.Whether Bitcoin succeeds or fails will be due to the actions of the people in this book."--FelixSalmon, senior editor, Fusion"Nathaniel Popper's new book, "Digital Gold," is as close as you can get to being the definitive account of the history of Bitcoin."--FelixSalmon, FusionNathaniel Popper s new book, "Digital Gold," is as close as you can get to being the definitive account of the history of Bitcoin.--Felix Salmon, Fusion"So, yes, it s a totally awesome book --Justin Fox, Bloomberg"Necessary reading --Bethany McLean, "New York Times Book Review"""Digital Gold" is as strong a narrative achievement as a reporting one --Chris Wilson, "Bookforum""It s a tale told quickly and well --John Biggs, TechCrunch"An impressive accomplishment --Tim Fernholz, Quartz"Bitcoin may be inherently speculative, but "Digital Gold" is a sound investment --Edward Chancellor, "Reuters""An amazing story.

Bitcoin is about to transform both finance and how we use the internet, and this fascinating book chronicles its unlikely genesis.Popper has produced a riveting tale filled with colorful innovators that is crucial reading for anyone who wants to understand the future.--Walter Isaacson, author of The Innovators"Bitcoin may be a product of computer science, but it is a very human story.This highly entertaining history reminds us yet again that truth can be stranger than fiction and can be peopled with even more unusual and compelling characters.--Larry Summers, former Secretary of the Treasury"So, yes, it s a totally awesome book --Justin Fox, Bloomberg"This excellent work is the book on Bitcoin you ve been waiting for --Tyler Cowen, Marginal Revolution"An elegant, thrilling tour-de-force.. . . Nathaniel Popper gives us a front-row seat on the origins of Bitcoin and its captivating cast of characters.The fast-paced action never stops.--William D. Cohan, author of House of Cards"Finally, the book so many of us have been waiting for: A riveting and smart account of the strange history of Bitcoin.

You ll start knowing nothing about Bitcoin and finish with deep knowledge, but you won t realize you re learning along the way -- you ll just think it s a lot of fun.--Adam Davidson, co-founder of NPR's Planet Money"An engrossing introduction to one of the most transformative innovations in finance of the last few decades.Digital Gold paints a vivid portrait of the economics and technology of Bitcoin as well as the people behind it.--Susan Athey, The Economics of Technology Professor, Stanford Graduate School of Business and Winner of the John Bates Clark Medal in Economics"The most compelling and in-depth investigation into the world of Bitcoin and digital currency.Nathaniel Popper charts Bitcoin s fascinating transformation from fringe oddity to a truly global currency.If you want to understand the future of money, read this book.--Joshua Davis, author of Spare Parts"Nathaniel Popper s new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin.

--Felix Salmon, Fusion"An engrossing look at a system creatively designed to bring money into the 21st century.--Library Journal"Necessary reading --Bethany McLean, New York Times Book Review"Digital Gold is as strong a narrative achievement as a reporting one --Chris Wilson, Bookforum"A vivid guide to the characters who met online and built bitcoin --John Gapper, Financial Times"It s a tale told quickly and well --John Biggs, TechCrunch"An impressive accomplishment --Tim Fernholz, Quartz"Bitcoin may be inherently speculative, but Digital Gold is a sound investment --Edward Chancellor, Reuters"A family saga... structured like a tech thriller --John Naughton, The Guardian""An amazing story.Isaacson, author of The Innovators"Bitcoin may be a product of computer science, but it is a very human story.This highly entertaining history reminds us yet again that truth can be stranger than fiction and can be peopled with even more unusual and compelling characters."--LarrySummers, former Secretary of the Treasury"So, yes, it's a totally awesome book"--Justin Fox, Bloomberg"This excellent work is the book on Bitcoin you've been waiting for"--Tyler Cowen, Marginal Revolution"An elegant, thrilling tour-de-force.

The fast-paced action never stops."--WilliamD. Cohan, author of House of Cards"Finally, the book so many of us have been waiting for: A riveting and smart account of the strange history of Bitcoin.You'll start knowing nothing about Bitcoin and finish with deep knowledge, but you won't realize you're learning along the way -- you'll just think it's a lot of fun."--AdamDavidson, co-founder of NPR's Planet Money"An engrossing introduction to one of the most transformative innovations in finance of the last few decades.Digital Gold paints a vivid portrait of the economics and technology of Bitcoin as well as the people behind it."--SusanAthey, The Economics of Technology Professor, Stanford Graduate School of Business and Winner of the John Bates Clark Medal in Economics"The most compelling and in-depth investigation into the world of Bitcoin and digital currency.Nathaniel Popper charts Bitcoin's fascinating transformation from fringe oddity to a truly global currency.If you want to understand the future of money, read this book."--Joshua

Davis, author of Spare Parts"Nathaniel Popper's new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin."--FelixSalmon, Fusion"An engrossing look at a system creatively designed to bring money into the 21st century."--LibraryJournal"Necessary reading"--Bethany McLean, New York Times Book Review"Digital Gold is as strong a narrative achievement as a reporting one"--Chris Wilson, Bookforum"A vivid guide to the characters who met online and built bitcoin"--John Gapper, Financial Times"It's a tale told quickly and well"--John Biggs, TechCrunch"An impressive accomplishment"--Tim Fernholz, Quartz"Bitcoin may be inherently speculative, but Digital Gold is a sound investment"--Edward Chancellor, Reuters"A family saga... structured like a tech thriller"--John Naughton, The Guardian-An amazing story.Popper has produced a riveting tale filled with colorful innovators that is crucial reading for anyone who wants to understand the future.---Walter Isaacson, author of The Innovators-Bitcoin may be a product of computer science, but it is a very human story.

This highly entertaining history reminds us yet again that truth can be stranger than fiction and can be peopled with even more unusual and compelling characters.---Larry Summers, former Secretary of the Treasury-So, yes, it's a totally awesome book---Justin Fox, Bloomberg-This excellent work is the book on Bitcoin you've been waiting for---Tyler Cowen, Marginal Revolution-An elegant, thrilling tour-de-force.The fast-paced action never stops.---William D. Cohan, author of House of Cards-Finally, the book so many of us have been waiting for: A riveting and smart account of the strange history of Bitcoin.You'll start knowing nothing about Bitcoin and finish with deep knowledge, but you won't realize you're learning along the way -- you'll just think it's a lot of fun.---Adam Davidson, co-founder of NPR's Planet Money-An engrossing introduction to one of the most transformative innovations in finance of the last few decades.Digital Gold paints a vivid portrait of the economics and technology of Bitcoin as well as the people behind it.---Susan Athey, The Economics of Technology Professor, Stanford Graduate School of Business and Winner of the John Bates Clark Medal in Economics-The most compelling and in-depth investigation into the world of Bitcoin and digital currency.

If you want to understand the future of money, read this book.---Joshua Davis, author of Spare Parts-Nathaniel Popper's new book, Digital Gold, is as close as you can get to being the definitive account of the history of Bitcoin.---Felix Salmon, Fusion-An engrossing look at a system creatively designed to bring money into the 21st century.---Library Journal-Necessary reading---Bethany McLean, New York Times Book Review-Digital Gold is as strong a narrative achievement as a reporting one---Chris Wilson, Bookforum-A vivid guide to the characters who met online and built bitcoin---John Gapper, Financial Times-It's a tale told quickly and well---John Biggs, TechCrunch-An impressive accomplishment---Tim Fernholz, Quartz-Bitcoin may be inherently speculative, but Digital Gold is a sound investment---Edward Chancellor, Reuters-A family saga... structured like a tech thriller---John Naughton, The Guardian Reseña del editor New York Times Book Review Editor's ChoiceSHORTLISTED FOR THE 2015 FINANCIAL TIMES AND MCKINSEY BUSINESS BOOK OF THE YEARA New York Times technology and business reporter charts the dramatic rise of Bitcoin and the fascinating personalities who are striving to create a new global money for the Internet age.Digital Gold is New York Times reporter Nathaniel Popper's brilliant and engrossing history of Bitcoin, the landmark digital money and financial technology that has spawned a global social movement.The notion of a new currency, maintained by the computers of users around the world, has been the butt of many jokes, but that has not stopped it from growing into a technology worth billions of dollars, supported by the hordes of followers who have come to view it as the most important new idea since the creation of the Internet.