Welcome back. Today's post will cover briefly a recommended technique for using bitcoin for commodities purchases. I'll also cover the BitPay, Inc.© process for funds settlement, which can be used as another method of diversification. Finally, there is included here a brief evaluation of the status of the US dollar, and some currency projections.
Like a lot of people, you may be diversifying your holdings. One way of doing this is through @BTCcommodities, which sells collectible bitcoins, silver and gold coins, and silver and gold bars in exchange for various types of currency. These presently include the US dollar, the euro, bitcoin, and pounds sterling. In order to view the prices of the items in bitcoin one need only use the drop-down menu at the top of the page.
In the previous post, BitMonet and BitPay, Inc.© were recommended. BitMonet now can be used with 'Any Website,' WordPress, Blogger, and Tumblr, and in a few weeks' time is expected to have a solution ready for Drupal sites, as well. While on the topic of diversification here, it should be noted that the BitPay, Inc.© funds settlement process is an easy and simple way for businesses or individuals to dynamically determine how much they want in what currency. At the moment, for those with a starter BitPay, Inc.© merchant account, you have a choice of settlement in bitcoins, US dollars, Canadian dollars, Euros, Australian dollars, British Pounds, Mexican Pesos, New Zealand Dollars, or South African Rand. You are able to chose how much of a percentage in each of these currencies you would like to have when funds settlement is complete, and you can change these percentages at any time from your online account.
Beginning in November of 2013, there will be Professional ($30/month), Business ($300/month), and Enterprise ($3000/month) level accounts, with the top tier account type offering a dedicated account manager, VPN access, priority phone and e-mail support, and unlimited domains, in addition to the Business level features. The ease of use, coupled with the ability to settle in bitcoin, will likely result in a high level of interest in BitPay, Inc.© Current bitcoin exchange rates via BitPay, Inc.© are shown here.
Recent reports on the US dollar reveal that the dollar index was at 79.176, which is fairly close to a near nine-month low of 78.998 (as recorded on Oct. 25, 2013). The dollar index has closed below its key support level of 80 for two weeks in a row. Doing more of what has already failed spectacularly is not going to help the US government (or the US dollar) as the Fed presses forward with the $85bn / month 'stimulus.' The euro has declined as the dollar moves up. The dollar index as of the morning of Oct. 31, 2013 shows a brief surge upwards, but remains below 80 as of the time of this post (4 AM Pacific). Check MarketWatch for more information. [Note added at 8:15 AM Pacific / 11:15 AM Eastern: The US dollar index edged just above 80 briefly and then dropped again. The previous close was 79.75.]
Currency projections today will focus on bitcoin. Elizabeth Ploshay, who sits on the Bitcoin Foundation Board of Directors, recently delivered a thoughtful, on-point article about the benefits of decentralization.
A recent evaluation by Radoslav Albrecht (who covered bitcoin volatility in August 2013) revealed that the price per bitcoin will likely be over $1800 USD by 2020. Despite variability in value, a long-term climb in value is expected for bitcoin.
That's all for now. Have a happy and safe Halloween.
Like a lot of people, you may be diversifying your holdings. One way of doing this is through @BTCcommodities, which sells collectible bitcoins, silver and gold coins, and silver and gold bars in exchange for various types of currency. These presently include the US dollar, the euro, bitcoin, and pounds sterling. In order to view the prices of the items in bitcoin one need only use the drop-down menu at the top of the page.
In the previous post, BitMonet and BitPay, Inc.© were recommended. BitMonet now can be used with 'Any Website,' WordPress, Blogger, and Tumblr, and in a few weeks' time is expected to have a solution ready for Drupal sites, as well. While on the topic of diversification here, it should be noted that the BitPay, Inc.© funds settlement process is an easy and simple way for businesses or individuals to dynamically determine how much they want in what currency. At the moment, for those with a starter BitPay, Inc.© merchant account, you have a choice of settlement in bitcoins, US dollars, Canadian dollars, Euros, Australian dollars, British Pounds, Mexican Pesos, New Zealand Dollars, or South African Rand. You are able to chose how much of a percentage in each of these currencies you would like to have when funds settlement is complete, and you can change these percentages at any time from your online account.
Beginning in November of 2013, there will be Professional ($30/month), Business ($300/month), and Enterprise ($3000/month) level accounts, with the top tier account type offering a dedicated account manager, VPN access, priority phone and e-mail support, and unlimited domains, in addition to the Business level features. The ease of use, coupled with the ability to settle in bitcoin, will likely result in a high level of interest in BitPay, Inc.© Current bitcoin exchange rates via BitPay, Inc.© are shown here.
Recent reports on the US dollar reveal that the dollar index was at 79.176, which is fairly close to a near nine-month low of 78.998 (as recorded on Oct. 25, 2013). The dollar index has closed below its key support level of 80 for two weeks in a row. Doing more of what has already failed spectacularly is not going to help the US government (or the US dollar) as the Fed presses forward with the $85bn / month 'stimulus.' The euro has declined as the dollar moves up. The dollar index as of the morning of Oct. 31, 2013 shows a brief surge upwards, but remains below 80 as of the time of this post (4 AM Pacific). Check MarketWatch for more information. [Note added at 8:15 AM Pacific / 11:15 AM Eastern: The US dollar index edged just above 80 briefly and then dropped again. The previous close was 79.75.]
Currency projections today will focus on bitcoin. Elizabeth Ploshay, who sits on the Bitcoin Foundation Board of Directors, recently delivered a thoughtful, on-point article about the benefits of decentralization.
A recent evaluation by Radoslav Albrecht (who covered bitcoin volatility in August 2013) revealed that the price per bitcoin will likely be over $1800 USD by 2020. Despite variability in value, a long-term climb in value is expected for bitcoin.
That's all for now. Have a happy and safe Halloween.
No comments:
Post a Comment