Over the last couple of weeks, everybody has been weighing in about Bitcoin, the digital currency that might be the money of the future, or a bubble bursting right in front of us. After being worth only $30 in March, on Wednesday, Bitcoin reached an all time high of $266, then plummeting to just over $100 in a few hours, and now stabilizing around $120. When Bitcoin’s price started to increase unexpectedly, it became the one thing everybody in Silicon Valley was talking about. (For those who don’t know what Bitcoin is, this video explains it perfectly in 3 minutes).
In order to get started to generate and trade Bitcoin s you have to download and install what is called a Bitcoin client to your computer. This will give you the Digital assets wallet and address. When people want to pay you give them your Bitcoin address and they send it to there.
Examiner.com caught up with Jered Kenna, CEO of Tradehill, the second largest exchange platform for bitcoins after Mt. Gox, before it had to shut down last year due to a payment dispute with startup Dwolla. Tradehill relaunched successfully in March with a new B2B service, Prime, seed investment, and a new team.
Locate your bit coin address: If you have successfully created bitcoins wallet now you are able to login and also you can receive money and coins. At this page you have to fill your address which is about 33 to 36 characters long.
JK: Dark pools are really useful, because they allow people to buy and sell large amounts of bitcoins without moving the price. If you want to buy 1 million dollars worth of bitcoins, you’ll run the price up and that’s what’s happening now with the volatile prices. They eat up all the supplies and the price goes up. Dark pools allow you to do that, same for selling large amounts without running the price down. It’s a big advantage, next to an open book infrastructure.
12/26: Today on The Mental Game of Poker Podcast Jared interviews Matt Affleck, who is famous for making two deep runs in the 2009 and 2010 WSOP main event. Matt recently said in a blog that reading the book was “eye opening” and made him realize how important the mental game is for him in poker. This interview opens with Matt talking about the mental game issues he’s recently discovered in his game, namely overconfidence, entitlement, injustice, revenge, and loss of motivation. He also gives some insight gets into the mental side of the big hand that he lost to Jonathan Duhamel in the 2010 WSOP. This candid interview is really interesting and may open your eyes to issues you didn’t realize were affecting your game. [Visit Website] [Download MP3].
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