my bitcoins gone down...

[Tudor Guy]

It's the dumbest thing ever. It offers no conceivable advantage over USD unless you are in the business of doing stuff that is illegal. I predict a fad that will blow over and most people will lose a lot of money.

Any way you look at it, there are easier and safer ways to make money in the world than investing in "virtual" currency.

[shnxx]

Originally Posted by Tudor Guy

It's the dumbest thing ever. It offers no conceivable advantage over USD unless you are in the business of doing stuff that is illegal. I predict a fad that will blow over and most people will lose a lot of money.

Any way you look at it, there are easier and safer ways to make money in the world than investing in "virtual" currency.

No advantage?
That's a stretch.

[bayerische]

Well.... if you bought 5000 bitcoins in 2009 for 27 USD, I think you could see the advantages now.

But still, I think there's something strange to this. It can't be this easy.

[powerfunk]

Originally Posted by Tudor Guy

It's the dumbest thing ever. It offers no conceivable advantage over USD unless you are in the business of doing stuff that is illegal. I predict a fad that will blow over and most people will lose a lot of money.

Any way you look at it, there are easier and safer ways to make money in the world than investing in "virtual" currency.

Bitcoins isn't just about America. The vast majority of the world can't get USD as freely as Americans can. Cryptocurrency could also spell the end of communism forever, frankly.

Sent from my SPH-D710VMUB using Tapatalk 2

[shnxx]

And if you bought early, all the capital gains would not be taxed either.

[77T]

My tulips are down...
But they will come up again in Spring...

[mailman]

My guess is it's about to go way down now

http://www.huffingtonpost.com/2014/0...n_4674148.html

[bayerische]

Originally Posted by mailman

My guess is it's about to go way down now

http://www.huffingtonpost.com/2014/0...n_4674148.html

Interesting! The plot thickens....

[shnxx]

The bitcoin exchanges haven't really reacted to that news.

[HL65]

Sorry but I will stick with good old fashion cash...It has worked forever so you can keep your cyber digits.

[shnxx]

Originally Posted by SteelerFan65

Sorry but I will stick with good old fashion cash...It has worked forever so you can keep your cyber digits.

I think bitcoin is still quite risky and may not be the final version of decentralized cryptocurrency but you could easily make the same argument about any old vs new technology: books vs internet, walking vs airplane, etc.

[powerfunk]

Originally Posted by shnxx

I think bitcoin is still quite risky and may not be the final version of decentralized cryptocurrency but you could easily make the same argument about any old vs new technology: books vs internet, walking vs airplane, etc.

Well said.

It should be noted that Shrem was arrested because of his shady dealings with an illegal drug website, NOT because of his work with the Bitcoin Foundation.

Canada recently declared that Bitcoins are "not currency," but this news didn't really move the needle. However, BTC price on Mt. Gox is 22% higher than the price on BTC-E right now, suggesting a decreased confidence in cash withdrawals on the Mt. Gox exchange.

[HL65]

Originally Posted by shnxx

I think bitcoin is still quite risky and may not be the final version of decentralized cryptocurrency but you could easily make the same argument about any old vs new technology: books vs internet, walking vs airplane, etc.

That is great but again for me cash is king and I will stick with good old greenbacks and will never mess with cyber currency or whatever you want to call it!!

PS. My favorite trusted sellers, AD and wine brokers accept cash but not Bitcoins!

[MitchSteel]

You guys got it all wrong.......gotta go with COINYE......that s@&t will outperform Apple,Gold,Unobtanium and Unicorn Tears.....most solid investment IMO

[subtona]

Originally Posted by mailman

My guess is it's about to go way down now

http://www.huffingtonpost.com/2014/0...n_4674148.html

ah-ha bitcoin CEO is a , madoffs new cellmate?

[powerfunk]

Originally Posted by MitchSteel

You guys got it all wrong.......gotta go with COINYE

I'm glad somebody mentioned Coinye. Dogecoin seems like a safer bet though.

Originally Posted by subtona

ah-ha bitcoin CEO is a , madoffs new cellmate?

He's not the Bitcoin CEO, just the CEO of one of the many Bitcoin exchanges. In fact there is no "Bitcoin CEO," although there is a Bitcoin Foundation that helps keep the code up to date, etc.

[subtona]

Originally Posted by powerfunk

I'm glad somebody mentioned Coinye. Dogecoin seems like a safer bet though.



He's not the Bitcoin CEO, just the CEO of one of the many Bitcoin exchanges. In fact there is no "Bitcoin CEO," although there is a Bitcoin Foundation that helps keep the code up to date, etc.

Ok got it,
Its all greek to me

Biggest concern for me is that it seems once things become centralized, it invites corruption on a large scale....considering corruption has always and will always be here, it just seems inevitable.
I don't believe there is any technology out there that is hack proof, this central currency concept I fear will prove to be no different.

[powerfunk]

Originally Posted by subtona

Biggest concern for me is that it seems once things become centralized, it invites corruption on a large scale....I don't believe there is any technology out there that is hack proof, this central currency concept I fear will prove to be no different.

I'm not sure what you mean by "become centralized," but Bitcoin by definition is a decentralized currency concept. Bitcoin (or any cryptocurrency) will still technically exist as long as there are at least 2 computers with the blockchain data on them connected to the Internet. I agree nothing is hack proof, though. I don't think the fundamental operation of Bitcoin will be threatened by hacking anytime soon...but years down the line, who knows?

[shnxx]

Originally Posted by SteelerFan65

That is great but again for me cash is king and I will stick with good old greenbacks and will never mess with cyber currency or whatever you want to call it!!

PS. My favorite trusted sellers, AD and wine brokers accept cash but not Bitcoins!

Thanks for sharing again what is your king.
It is duly noted.

Personally I'm not into royalties.

[HL65]

Originally Posted by shnxx

Thanks for sharing again what is your king.
It is duly noted.

Personally I'm not into royalties.

Sorry than...Cash is my choice as it works everywhere. Hopefully that is more to your liking.

[subtona]

Originally Posted by powerfunk

I'm not sure what you mean by "become centralized," but Bitcoin by definition is a decentralized currency concept. Bitcoin (or any cryptocurrency) will still technically exist as long as there are at least 2 computers with the blockchain data on them connected to the Internet. I agree nothing is hack proof, though. I don't think the fundamental operation of Bitcoin will be threatened by hacking anytime soon...but years down the line, who knows?

again good point, clearly my understanding of bitcoin is lacking (even after i tried reading up on it) im following along however right here with my TRF educators .

by centralized i am thinking when we have 1 currency throughout the world (which i expect is the ultimate goal?) , i fear that it is easier for 1 mistake or selfish act to effect an exponential number.

my thinking is essentially similar to how computers have altered things, the saying is something to the effect of this:
not since computers has such a small action (pressing enter) been capable of such monumental and catastrophic consequences.

i dream of a day when we have a streamlined and effective system of checks and balances, i believe that would be worth the ultimate noble prize, however at this time there is no such thing and human nature is too flawed to be in charge of things as the global economy expands… ultimate power is a mo-fo

[Welshwatchman]

Originally Posted by shnxx

Thanks for sharing again what is your king.
It is duly noted.

Personally I'm not into royalties.

He was talking to me, Mr Dry.

[MitchSteel]

Bitcoin, amongst other crypto currencies, will remain, yes, but will remain unstable, more so than regular currency.......why?Simple, Banks.....they will fight tooth and nail to discredit any crypto currency......guess who runs this world? Banks, banks with real assets.

[Welshwatchman]

What about Pledgecoins?

I note that some here aren't dabbling, tightwads.

[Johny]

Originally Posted by Welshwatchman

What about Pledgecoins?

I note that some here aren't dabbling, tightwads.

[HL65]

Originally Posted by Welshwatchman

He was talking to me, Mr Dry.

I was indeed your honor.

Originally Posted by Welshwatchman

What about Pledgecoins?

I note that some here aren't dabbling, tightwads.

Great idea!

[MonBK]

Originally Posted by Welshwatchman

What about Pledgecoins?

I note that some here aren't dabbling, tightwads.

Less contribution, louder volume.

[Welshwatchman]

Originally Posted by MonBK

Less contribution, louder volume.

Perhaps an idea to cash in some bitcoins before they turn into s***coins.

[Johny]

Originally Posted by MonBK

Less contribution, louder volume.

louder and more opinionated.

[MitchSteel]

What about Pledgecoins?

I note that some here aren't dabbling, tightwads.

Hahaha

Saving up for LeapardTona