The price of bitcoin has been soaring, leading some amateur investors to jump into the virtual currency market. But even enthusiasts are worried the price surge might be a bubble about to burst.
Bitcoin has been on a wild ride. You know, bitcoin, the virtual currency. Can't hold it in your hand, although you can send it online. You just can't really invest in bitcoin atm machines it in a invest in bitcoin atm machines store. The price of buying bitcoin with other money has tripled this year as buyers rushed in. Well, maybe you should have. Let's see what he says. Coin Center's lead researcher and chief enthusiast is Peter Van Valkenburgh.
He explains bitcoin as cash for the Internet. Cash is something I keep in my wallet in my pocket. And I can pull it out of my wallet, and I can hand it to Neeraj here. Neeraj Agarwal, his colleague with us. Van Valkenburgh says sending money through banks is way different from cash. I'm with Bank of America. Neeraj is with Wells Fargo. They promised me that they have this much value in deposit for me. And if I want to send to Neeraj, I talk to them.
They talk to Wells Fargo. Wells Fargo credits Neeraj. That's a brittle system that's reliant on a lot of trust and a couple big, giant corporations or banks. As opposed to bitcoins, he says, which can invest in bitcoin atm machines sent directly from smartphone to smartphone through a decentralized network.
The network lists every transaction on a kind of public digital ledger. Except instead of names, you're identified by strings of letters and numbers, which creates a level of invest in bitcoin atm machines. But enough of this technical stuff. I need to get rich right now. Yes, this falafel shop with its 4 a.
It's a one-way ATM. Cash only goes in. And out comes a receipt. I check the Wallet app I downloaded onto my smartphone. And I'm the proud owner of. A whole coin would have cost me 3, bucks including the fees. Now, waiting behind me is a buff guy in a tank top and a ponytail. We'll call him Tony ph. He asked us not to use his real name, and he's not here for falafel.
He's here for bitcoin. And I kind of like the anonymity of it, invest in bitcoin atm machines know, like, the fact that it's easier to gamble with on casinos. Dealing invest in bitcoin atm machines credit cards, they don't like the transactions obviously because it comes from, like, China and stuff. So it's really easy to get money in and out for sports betting and things like that. Then another guy came in.
It was going to be a while. Never, never, never invest more than you're willing to lose because it could go to nothing. I've lost some money so far, but I'll hang on to my small piece of bitcoin and report back. Visit our website terms of use and permissions pages at www. NPR transcripts are created on a rush deadline by Verb8tm, Inc. This text may not be in its final form and may be updated or revised in the future. Accuracy and availability may vary.
Accessibility links Skip to main content Keyboard shortcuts for audio player. Facebook Twitter Flipboard Email. June 16, 5: Heard on Morning Edition.
You're making it sound like we should buy this. Hey, are you downstairs? I'm in the lobby. Let me come grab you. Peter sent to Neeraj. Neeraj sent to his mom. It looks like it's well-maintained. It's got a big display monitor invest in bitcoin atm machines one single button. I'm going to push the button that says buy bitcoins.
The only button on the screen. I punch in my phone number and get a text with a verification code. Now, you've got to bring up the QR code here. See the X there? OK, here goes my cash - two 20s, two 5s. He's talking about online gambling.
Seek a duly licensed professional for investment advice. Its called Profit Trailer and I did a video on it also. That is just not worth it. You can set up A. Trade with low collateral and guaranteed limited risk.