Here's why Bitcoin is the future of money | Page 3 | TigerDroppings.com

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Meauxjeaux
Memphis Fan
I have 89,367 posts with my alters
Member since Jun 2005
17508 posts

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


Well, there's that part. Oops.





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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


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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


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BennyAndTheInkJets
Arkansas Fan
NYC / Orange County
Member since Nov 2010
4047 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


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56884 posts
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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
820 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
30339 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
Baton Rouge
Member since Feb 2005
83591 posts
 Online 

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?






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17582 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
9053 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







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
83591 posts
 Online 

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?







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gizmoflak
Georgetown Fan
Member since May 2007
9053 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
9053 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







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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
83591 posts
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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.





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gizmoflak
Georgetown Fan
Member since May 2007
9053 posts

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


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





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
17582 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
9057 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
Member since Dec 2012
17582 posts

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


It's an asset scam





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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
83591 posts
 Online 

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
15597 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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