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Meauxjeaux
Memphis Fan
90248 posts including my alters
Member since Jun 2005
19137 posts
Online

re: Here's why Bitcoin is the future of money

Well, there's that part. Oops.


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Here's why Bitcoin is the future of money
nice 3 minute video on bitcoin from the BBC
This post was edited on 5/1 at 1:09 pm


WikiTiger
LSU Fan
Member since Sep 2007
40721 posts

re: Here's why Bitcoin is the future of money
BTW, just FYI to all the negative Nancy's out there, bitcoin finished the month of April up 43.4%, going from appox. $92 on April 1 to approx. $132 on April 30 (numbers taken from the blockchain.info chart).

Despite the April crash, it still performed pretty strongly overall. And it's currently up about 916.6% for the year to date. (approx. $12 on Jan 1 to current price of $122)


there are a couple of posters here who would have you believe that bitcoin is always going down. i don't know if they have an agenda or not, but it seems as if they might.
This post was edited on 5/1 at 1:22 pm


BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4320 posts

re: Here's why Bitcoin is the future of money
Wiki, I don't really want to talk about bitcoins. In all honesty, I really won't give a shite about them until they are relevant enough. However, I do hope you respond to my post here eventually.
This post was edited on 5/1 at 1:24 pm


Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
59138 posts

re: Here's why Bitcoin is the future of money
quote:

couple of posters here who would have you believe that bitcoin is always going down


Name them. I haven't seen anyone say that.


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FloridaMike
LSU Fan
Orlando,FL
Member since Dec 2012
1041 posts

re: Here's why Bitcoin is the future of money
I will never understand bitcoin. It's not tangible or backed with anything remotely tangible. Created to anonymously transfer money, yet not stable enough to do so effectively. I would think many of the original users have stopped using it as much because of the extreme volitilty of it. Most of the people buying and selling bitcoin just seem to be speculators who hope to use it as an investment, both short and long term, when it has lost it's original use and utility value.


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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
32164 posts

re: Here's why Bitcoin is the future of money
quote:

So in conclusion, I'm going to go keep studying for the CFA, go over swaption volatility on Bloomberg, drink


The first two actions pretty much compel the last.


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LSURussian
LSU Fan
Member since Feb 2005
85179 posts

re: Here's why Bitcoin is the future of money
quote:

to current price of $122
Except it dropped to $104 since you posted 21/2 hours ago. But what's another 14% drop in 2 1/2 hours? It's relatively stable, right?

quote:

don't know if they have an agenda or not

Of course you don't have an agenda, right?


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27433 posts

re: Here's why Bitcoin is the future of money
Bunch of frickin statist simpletons in here. You Sheeple make me sick.


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gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Here's why Bitcoin is the future of money
quote:

Except it dropped to $104 since you posted 21/2 hours ago. But what's another 14% drop in 2 1/2 hours? It's relatively stable, right?


April 1: $100
May 1: $115



LSURussian
LSU Fan
Member since Feb 2005
85179 posts

re: Here's why Bitcoin is the future of money
IBM
4/22 = $187.68
4/30 = $202.59
Difference= $14.89 X 1,450 shares = $21,590.50.

How much have you made on your vast btc holdings?



gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Here's why Bitcoin is the future of money
Man tries to survive a week in SF using only bitcoin:

quote:

I pass by a bike rental shop on my way there and poke my head in to ask if they accept Bitcoin. “Bit what?” says the clerk. I explain that it’s a digital currency and he shrugs, “I don’t even own a cell phone.”


LINK


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gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Here's why Bitcoin is the future of money
My vast holding of 0.0000000000 BTC has netted me 0.0000000000 BTC this week



LSURussian
LSU Fan
Member since Feb 2005
85179 posts

re: Here's why Bitcoin is the future of money
Oh, I misunderstood. I thought your post was intended to compare the performance of an asset we actually put our money into. My bad.


gizmoflak
Georgetown Fan
Member since May 2007
9368 posts

re: Here's why Bitcoin is the future of money
So you admit bitcoins are an "asset" and not a scam? Cool.


Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27433 posts

re: Here's why Bitcoin is the future of money
We have an agenda? Well if that isn't the Wesley Snipes calling the Charlie Murphy black. You gotta twisted world perspective little man, frick YOURSELF WIKI.


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ZereauxSum
LSU Fan
Lot 23E
Member since Nov 2008
10176 posts

re: Here's why Bitcoin is the future of money
quote:

So you admit bitcoins are an "asset" and not a scam? Cool.


Well, in fairness, the idea that its an asset doesn't prove that it's not a scam.

I'm not all that interested in buying mortgage back securities either.


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Vols&Shaft83
Tennessee Fan
Throbbing Member
Member since Dec 2012
27433 posts

re: Here's why Bitcoin is the future of money
It's an asset scam


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LSURussian
LSU Fan
Member since Feb 2005
85179 posts

re: Here's why Bitcoin is the future of money
quote:

So you admit bitcoins are an "asset" and not a scam? Cool.

You obviously don't comprehend the definition of "asset."
Cool.


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Poodlebrain
LSU Fan
Way Right of Rex
Member since Jan 2004
17588 posts

re: Here's why Bitcoin is the future of money
When I finish a bowel movement I have produced an asset. Because the asset has no practical value, and a foul odor, I flush it down the toilet. Being an asset is no great accomplishment. Having value is what is important.


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