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Started By
Message
re: Here's why Bitcoin is the future of money
Posted on 5/1/13 at 1:05 pm to ZereauxSum
Posted on 5/1/13 at 1:05 pm to ZereauxSum
Well, there's that part. Oops. 
1
Posted on 5/1/13 at 1:08 pm to Meauxjeaux
nice 3 minute video on bitcoin from the BBC
This post was edited on 5/1/13 at 1:09 pm
Posted on 5/1/13 at 1:20 pm to WikiTiger
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.
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 5/1/13 at 1:22 pm
Posted on 5/1/13 at 1:38 pm to WikiTiger
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.
Posted on 5/1/13 at 1:50 pm to gizmoflak
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.
Posted on 5/1/13 at 3:09 pm to BennyAndTheInkJets
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.
Posted on 5/1/13 at 4:10 pm to WikiTiger
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?
to current price of $122
quote:
don't know if they have an agenda or not
Of course you don't have an agenda, right?
Posted on 5/1/13 at 5:17 pm to LSURussian
Bunch of frickin statist simpletons in here. You Sheeple make me sick.
Posted on 5/1/13 at 6:03 pm to LSURussian
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
Posted on 5/1/13 at 6:13 pm to gizmoflak
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?
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?
Posted on 5/1/13 at 6:14 pm to gizmoflak
Man tries to survive a week in SF using only bitcoin:
LINK
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
Posted on 5/1/13 at 6:15 pm to LSURussian
My vast holding of 0.0000000000 BTC has netted me 0.0000000000 BTC this week
Posted on 5/1/13 at 6:21 pm to gizmoflak
Oh, I misunderstood. I thought your post was intended to compare the performance of an asset we actually put our money into. My bad.
Posted on 5/1/13 at 6:25 pm to LSURussian
So you admit bitcoins are an "asset" and not a scam? Cool.
Posted on 5/1/13 at 6:30 pm to WikiTiger
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.
Posted on 5/1/13 at 6:31 pm to gizmoflak
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.
Posted on 5/1/13 at 6:46 pm to gizmoflak
It's an asset scam
Posted on 5/1/13 at 7:28 pm to gizmoflak
quote:
So you admit bitcoins are an "asset" and not a scam? Cool.
You obviously don't comprehend the definition of "asset."
Cool.
Posted on 5/1/13 at 8:09 pm to gizmoflak
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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