BARFSTEW = THE BARF OF IT ALL: Bitcoin Touches 400 Dollars Per Coin

In the past 96 hours Bitcoin has dipped below 400 dollars a few times - lots of analysis from the powers that be (the suckout of the Alibaba effect, the rising number of merchants taking it who immediately turn it in for dollars, the rising competitive landscape in virtual currency too - Apple Pay etc, Alibaba's method.) But, the BS would like to point something out - the shakeout in the virtual currencies hasn't even occurred... when it does the best placed will survive....next, once any of the HUGE e-commerce sites offer to take it - which could be soonish.... the need for a MUCH larger `market cap' than 5 BILLION or so will be needed for world retail trade (one would think). The low, very low transaction costs will make the virtual currencies competitive. Additionally, the move with ApplePay and such will make folks more and more comfortable with cashless deals. Etc..... So, how much more of a market cap is needed beyond 5-6 billion? 10 times that? 100 times that? 1000 times that? - Are those the final realistic potential values once the transistion is made? Could a TODAY investment in ONE Bitcoin, even at 400.00 - result in a value to the coin in excess of 4,000,000.00? Could even a 4.00 investment in Bitcoin be worth 40K someday?

IF you check my tweets recently - you can see that I've begun to purchase bits of Bitcoin to build up to ONE coin (you can buy any amount of Bitcoin you want to - a `penny' of Bitcoin at 400 dollars per Bitcoin is of course - four bucks) - My Twitter Account. So, I bring to you the company most situated to be THE processor of choice for one of the big retailers - Coinbase.

Buy Your First Bit Of Bitcoin Here

(if you buy 100 dollars worth we each get 5 dollars worth of Bitcoin too)
My August 2011 Post About Bitcoin (1st post by the BS was three months before)

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The BS Entertains - Especially On The Weekends

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