I've been reading about Bitcoins for the last 3 days and my conclusion is...

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  • slapass
    Too lazy to set a custom title
    • Nov 2002
    • 14625
    #31
    Originally posted by Dirty F
    I don't care about that. I see it as a long term investment. 5+ years.

    How it fluctuates now is not important. 5 years from now you will laugh at these prices. I means nothing in the bigger picture.
    I had a similar conclusion so I sunk some money in bitcoins. Just in case it goes global and nuts.

      Comment

      • kronic
        Confirmed User
        • Jan 2002
        • 964
        #32
        Am I the ONLY person picking up on Franck's sarcasm???

        Christ, he practically gives it away here...

        Originally posted by Dirty F
        And after all the bullshit probably $1 per hour.

          Comment

          • DBS.US
            Geo Cities
            • Aug 2003
            • 11843
            #33
            http://www.ebay.com/sch/i.html?_trks...at=0&_from=R40
            Have an unused domain? Make a Free Chaturbate White Label site and be making money tonight

              Comment

              • Klen
                • Aug 2006
                • 32235
                #34
                Originally posted by kronic
                Am I the ONLY person picking up on Franck's sarcasm???

                Christ, he practically gives it away here...
                Yes i noticed that at part "all your savings". Anyone with common sense knows how you never invest all your savings into one thing as nothing is 100% sure.

                  Comment

                  • 2012
                    So Fucking What
                    • Jul 2006
                    • 17189
                    #35
                    Max Keiser approves this message



                    best host: Webair | best sponsor: Kink | best coder: 688218966 | Go Fuck Yourself

                      Comment

                      • kronic
                        Confirmed User
                        • Jan 2002
                        • 964
                        #36
                        Originally posted by KlenTelaris
                        Yes i noticed that at part "all your savings". Anyone with common sense knows how you never invest all your savings into one thing as nothing is 100% sure.
                        lol shit, yeah, I missed that one.

                        Good one Franck.

                          Comment

                          • mineistaken
                            See signature :)
                            • Apr 2007
                            • 29656
                            #37
                            Originally posted by mayabong
                            A currency and payment system in one that can be totally anonymous and free of chargeback problems. Yes sounds horrible.
                            Play money will be worth something till there be idiots giving value to them
                            The more idiots the more value (I assume OP wants to drive the value up with this post or just plainly make fun of those believing in play money)
                            Last edited by mineistaken; 03-16-2013, 03:16 PM.

                              Comment

                              • mayabong
                                Confirmed User
                                • Jan 2010
                                • 1952
                                #38
                                Originally posted by mineistaken
                                Play money will be worth something till there be idiots giving value to them
                                The more idiots the more value (I assume OP wants to drive the value up with this post or just plainly make fun of those believing in play money)
                                You give value to dollars and its just digits on a screen. Why do you give it value? Cause you can buy things with it?
                                Bitcoin Gambling Sites

                                  Comment

                                  • Supz
                                    Arthur Flegenheimer
                                    • Jul 2006
                                    • 11057
                                    #39
                                    Originally posted by Dirty F
                                    I don't care about that. I see it as a long term investment. 5+ years.

                                    How it fluctuates now is not important. 5 years from now you will laugh at these prices. I means nothing in the bigger picture.
                                    I understand what you mean. But the volatility might stop business from utilizing it. Making the value depreciate.

                                      Comment

                                      • rowan
                                        Too lazy to set a custom title
                                        • Mar 2002
                                        • 17393
                                        #40
                                        I envy the early adopters who mined bitcoins when they were super easy to mine (because of low difficulty level) about 3-4 years ago. Some of them have (or HAD) tens or hundreds of thousands of BTC mined by a standard CPU, no need for fancy multi-GPU or ASIC rigs back then.

                                          Comment

                                          • Internet Guy
                                            Confirmed User
                                            • May 2006
                                            • 402
                                            #41
                                            Slowly but surely some of gfy is getting it.. Congrats to the winners.

                                              Comment

                                              • DWB
                                                Registered User
                                                • Jul 2003
                                                • 31779
                                                #42
                                                Originally posted by mayabong
                                                A currency and payment system in one that can be totally anonymous and free of chargeback problems. Yes sounds horrible.
                                                In theory, yes, it is a horrible idea for various reasons.

                                                1) Every fiat currency in the history of the world has failed. The current financial mess is the beginning of the next round of fiat failures.

                                                2) The fact that it is anonymous is what is going to ultimately cause problems. As soon as it can be linked, or even think to be linked, to funding terrorism or organized crime, it is over. The USA will find a way to put an end to it as soon as they think it is an issue.

                                                3) Your excluding banks and the people who control the money supply. Everyone knows how that always turns out.

                                                Make your money now with it, as there is money to be made, but I wouldn't bet on it being a long term currency unless 1 - 3 above are dealt with properly. Short term, I do see it working out for a while. Long term has too many odds stacked against it. However, only time will tell.

                                                  Comment

                                                  • DWB
                                                    Registered User
                                                    • Jul 2003
                                                    • 31779
                                                    #43
                                                    Originally posted by 2012

                                                    Looks legit.

                                                      Comment

                                                      • mayabong
                                                        Confirmed User
                                                        • Jan 2010
                                                        • 1952
                                                        #44
                                                        Originally posted by DWB
                                                        In theory, yes, it is a horrible idea for various reasons.

                                                        1) Every fiat currency in the history of the world has failed. The current financial mess is the beginning of the next round of fiat failures.

                                                        2) The fact that it is anonymous is what is going to ultimately cause problems. As soon as it can be linked, or even think to be linked, to funding terrorism or organized crime, it is over. The USA will find a way to put an end to it as soon as they think it is an issue.

                                                        3) Your excluding banks and the people who control the money supply. Everyone knows how that always turns out.

                                                        Make your money now with it, as there is money to be made, but I wouldn't bet on it being a long term currency unless 1 - 3 above are dealt with properly. Short term, I do see it working out for a while. Long term has too many odds stacked against it. However, only time will tell.
                                                        Bitcoin is not a fiat currency. Fiat currencies are forced upon you by the government. Bitcoins have limited supply but are easily divisible to 8 decimal places. They can't be inflated.

                                                        If the USA bans bitcoin it still won't stop it. The whole world would have to agree to make it illegal and that still won't stop bitcoin

                                                        Bitcoin is just like file sharing. Hard to stop
                                                        Bitcoin Gambling Sites

                                                          Comment

                                                          • MrMaxwell
                                                            Too lazy to set a custom title
                                                            • Jul 2005
                                                            • 10057
                                                            #45
                                                            http://www.youtube.com/watch?v=0UKC7iaBKvs

                                                              Comment

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