Bitcoin
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- inteliboy0
So far, I have not once seen anyone predict a coming crash, ramp or pump & dump of bitcoin or altcoins. Reminds me of that experiment where a doco crew pitted a random guy off the street against wall street bankers, and the random guy ended up with more return on the stock market, where as the bankers came at a loss. An unpredictable mess.
- http://en.wikipedia.…shaft
- The "market" doesn't set the price of #bitcoin or cryptocurrency. Miner support sets the value of bitcoin then market forces price it.CableStudios
- ...market forces price it.CableStudios
- 20020
Winklevoss twins.
"they own nearly 1 per cent of that"
- CableStudios0
Amazing. FinCEN shuts down Casascius coins.
http://www.wired.com/wiredenterp…
... Is sending dollar bills or euros over mail also money transmission?
- Can counterfeiters easily manufacture these? That would undermine the effort entirely.ZOOP
- can't counterfit - not how it works. absolutely stupid that he's been shutdown.inteliboy
- here's how it works https://www.casasciu…scarabin
- thanks scarZOOP
- CableStudios0
- So he's touting gold (and Ron Paul), but as an investment, that story ran its course long agoformed
- CableStudios0
Look what's launched
- reanimate0
These Three Graphs Prove That Bitcoin Is a Speculative Bubble
- CableStudios0
reanimate/ OG blog;
You forgot to mention in your article how BTC is readily and directly convertible into a variety of other cyrpto-currencies as well as traditional currencies, thanks to service providers online. That throws your analysis out the window, IMO.
The US dollar is not so easily converted into other currencies and it is loaded with $17 trillion in debt, plus another expected $80 trillion over the next 20 years. BTC is the new safe haven. Gold prices are actively repressed by the Financial Stability Board of the BIS as well as the PPT over at the US Federal Reserve, which means gold will never be a safe haven.
You also forgot to mention how the World Bank and IMF created vision documents for a currency similar to BTC, about 15 years ago. BTC is their creation, IMO. Social engineering ensures you will never know this fact directly.
- reanimate0
@CableStudios
So wait, you don't trust the U.S. government and are convinced the dollar is about to collapse...but you trust investing in a currency supposedly created by the World Bank?
I have no idea if such apocalyptic predictions come true, but if so how many Bitcoins you own will be the least of your concern.
Anyway, I thought the post made some good arguments about how Bitcoin is not really being used for anything except as a speculative investment by rich people. This is pretty much the definition of a bubble.
- All the talk about the collapse of the dollar misses the point. If that occurs, you'll want guns, food and water..."virtual" anything will be worthlessformed
- "virtual" anything will be worthlessformed
- in the end hard commodities such as food and things people need are more valuable then abstractyurimon
- currencies. you cant eat a bitcoin or a gold nuggetyurimon
- yurimon0
Bitcoin will eventually lose its prominent anonymity due to central banks
not sure n hope not.
