And a Bitcoin Is Now Worth...

And a Bitcoin Is Now Worth...

From bloomberg.com

With a 94 percent year-to-date gain, and a single "coin" now worth $1,843, bitcoin has been on a helluva run lately. The increase in the cost of the massively-volatile electronic tokens has led to many comparisons with that other favorite outsider ``currency'' -- gold -- recently. True, a unit of Bitcoin passed the dollar value of one troy ounce of gold this year, and is now more than $600 higher. But the daily swings in the digitally created asset have been vast. Even during the huge run up this year, it has moved more than five percent on 21 different days, with nine of those being moves lower. Gold on the other ... (full story)

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May 13, 2017 7:10pm

Quoting denisius

Disliked

Does anyone here thinks bitcoin another bubble or its just me. The internet currency that not backed up by anything. Imagine day when internet rules will change or something will bring internet down or any regulation or something and what happens? How would u use that bitcoin?

Ignored

I had a chance to buy a lot of bitcoins before 2010 (back when people were buying pizza with whole coins) and I did not because I thought exactly the same thing. A digital currency - what a scam!

Bad trade.

gravitist

May 12, 2017 8:20pm

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Cryptocurrency is indeed a game changer - now we have a " currency" not backed by any government, so when people get swindled ( as happened in the MtGox fiasco ) they'll have nowhere to turn. How wonderful....

Fiat currency and bank manipulation? Sounds like you read too much of the crap at zerohedge and infowars.

Of course to be fair, I will give bitcoin its due - it was really popular with folks using Tor "onion" sites to buy drugs and child porn. So stoners and kiddie diddlers love bitcoin....

Earleone

May 13, 2017 6:34am

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Love to trade this volatile animal. It has become my number 1 trading instrument this year. Limit is the moon. But it will posible hit the floor several times before landing on the moon. Trade it with low leverage ( most serious brokers that offer btc trading dont allow more then 1:5 leverage) When the big bastards start to trade in this they can move it where they want since it is small instrument so I expect volatility to be high for a long long time. More and more countries start to accept and regulate BTC ( Last out is Japan and Russia )

clemmo17

May 14, 2017 3:29pm

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Bitcoin could be like tulips but it's looking increasingly unlikely. The tulip mania lasted less than a year. Now if someone hacks the algorithm to mine new coins or wrecks the blockchain, then maybe it could collapse. We just don't know. Paper currency has been around a lot longer and we know its weaknesses. Either way, everything's only worth something if enough people agree on it. We could be trading Nuka-cola caps, or monarch butterfly wings.

I will say if I had known as much about economics and central bank interference in 2010 as I do now I would have been loading up with both fists, not just bitcoin but all the competing digital coins because at the time there was no way to know who would emerge as the leader.

denisius

May 13, 2017 5:55pm

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Does anyone here thinks bitcoin another bubble or its just me. The internet currency that not backed up by anything. Imagine day when internet rules will change or something will bring internet down or any regulation or something and what happens? How would u use that bitcoin?

gravitist

May 13, 2017 1:33am

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Yawn - yes, terrorists use those things. Terrorists also use cars and trucks to ram into crowds, but no one is suggesting cars and trucks be banned. Why? Because their primary purpose is transportation, not terrorism. That's where your pathetic excuse for an argument fails - you apparently can't distinguish between objects that MAY be used for bad purposes and things like bitcoin that are specifically designed for criminal activity. If you can't tell the difference between the two, well, there's not much I can do for you - there's no cure for stupidity.

gravitist

May 13, 2017 1:47am

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Bitcoin at $200,000? Why stop there, why not $200 million per bitcoin? Let's make it so expensive it's USELESS as a practical unit of currency. A REAL currency has to be useful - I have to be able to take it to the supermarket and buy groceries with it. That's where "believers" fail -they're not talking about serious economics - for them , bitcoin is more like a fanatical religious belief. Bitcoins are the "tulip bulbs" of the 21st century. But morons are too stupid to realize that....

3cent

May 13, 2017 5:45pm

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somtimes you need to move much less than half a btcoin. im so humble im talking people who work 1000$ or more one time lol

i can show you proof if i work a bit, but is not needed theres proof enough if you google the term

EventHorizon

May 12, 2017 9:21pm

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Well, with the latest hacking demanding payment in bitcoin, one way to secure against future hacks is to shutdown bitcoin, or regulate it with ID etc, which could kill it. Obviously it is used in terrosit transfers. I would not like to have 10's of thousands "invested" in bitcoin. If it disappears NO ONE is going to help or give a damn about your crying crybaby. lol.

gravitist

May 13, 2017 1:25am

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crybaby = someone who is against bitcoin. Wow, what an amazingly lol-worthy argument.
Yes, I'm sure you're a "believer" - suckers usually are.

Btcbeginner

Oct 5, 2017 4:35am

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Bitcoin is already used as a currency!

This is definitely the future and I am sure about it by the fact that the majority of the mainstream opinion is that it is a bubble- always do the opposite of what the majority does

Not-KPMG

May 13, 2017 12:08am

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Quoting EventHorizon

Disliked

Well, with the latest hacking demanding payment in bitcoin, one way to secure against future hacks is to shutdown bitcoin, or regulate it with ID etc, which could kill it.
Obviously it is used in terrosit transfers.
I would not like to have 10's of thousands "invested" in bitcoin. If it disappears NO ONE is going to help or give a damn about your crying crybaby. lol.

Ignored

Hi
What's your point??
Terrorist use cash too - outlaw cash!!!!!!
Terrorist use watches as timers - outlaw watches!!!!!!
Hackers use......bread, forks..... shampoo.... Got it

PS: when the stock balloon pops...i expect $200 000 for 1 bitcoin. Let's wait!!!

PS2: crybaby is someone against Bitcoin!! Buybaby is us - believers

Not-KPMG

May 13, 2017 5:55am

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Quoting gravitist

Disliked

crybaby = someone who is against bitcoin. Wow, what an amazingly lol-worthy argument.
Yes, I'm sure you're a "believer" - suckers usually are.

Ignored

That's not argument bubba. It's a fact.

Ever since bitcoin was 30$ the crybaby crowd said bitcoin is doomed...Bitcoin is dead...going to zero

They cry because they didn't invest.

Ooops.

Lord Kelvin- some super smart English physicist said "machines heavier than air can not fly". Oooopsssss.

People like.... well you.... surely think the Earth is flat?? Just joking

or am I???

Quoting gravitist

Disliked

Yawn - yes, terrorists use those things.... That's where your pathetic excuse for an argument fails - you apparently can't distinguish between objects that MAY be used for bad purposes and things like bitcoin that are specifically designed for criminal activity. If....- there's no cure for stupidity....

Ignored

Can you not insult me??
Try to argue on intellectual level. Try baby try

So Bitcoins are designed for criminals?
How about gold?? Pirates collected gold. Maybe gold was designed for criminals?????

Bitcoin is created to facilitate transactions and store of value - a mix of gold and paper money.
Talking of money, the biggest thieves and criminals are the central banks. They rob everybody and future 100 generations... with toilet paper printing.

So outlaw QE, banks, fat cats???? What you say bubba?

Not-KPMG

May 13, 2017 5:07pm — Edited

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Quoting 3cent

Disliked

the really bad news is you may get as high as 30% !!!!!!!! fee on one transaction, depending on some factors if...... view on the ''future'' currency. with 35% fee of the amount you transfer, no currency can have any future that's a rip off people money

Ignored

What 35%???? Are you buying coffee indeed????
Oh my.... ☕
I was kidding... I thought

Humble experience here -0.1% fee on my latest transactions. That's dollar or 1.50. But I'm moving half a bitcoin and more...
I pay cents moving Litecoin.
A guy with 10 bitcoins pays 0.01% today.... Where's the problem??????

Some robbing bank clipped me 8% fee lately

So as I said:
Bitcoin is created to facilitate transactions and store of value - a great mix of gold and paper money.!!!
Simple.

Effective

Not-KPMG

May 14, 2017 10:52am — Edited

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Quoting gravitist

Disliked

Bitcoin at $200,000? Why stop there, why not $200 million per bitcoin? Let's make it so expensive it's USELESS as a practical unit of currency. A REAL currency has to be useful - I have to be able to take it to the supermarket and buy groceries with it..... . Bitcoins are the "tulip bulbs" of the 21st century. But morons are too stupid to realize that....

Ignored

Oops

I missed this post after reading the first two

See you're on ignore.

denisius got me to read all..

Ok. Serious first - bitcoin ain't currency. It's way more.!!
It's a valuable commodity that banks can not print, inflate, destroy.
Think of gold.....
Do you go to the shop with gold bracelet, leave one link there, weld it again and go home with smaller bracelet and food??? Do you cut your gold rings???

Bitcoin is like both paper and gold

Future price - read stock market bubble burst...etc.

You want supermarket?? Use Ripple (i should have bought) or Lite or Digibyte!!!

Now low level talk

:
So bitcoin is like tulips 🌷 :0 😵 😁
I don't remember transferring tulips from Zimbabwe to North pole in a minute??? Or defining there are exactly 21000000 tulips.... Or keeping tulips in cold wallet 50 years......or dividing a tulip into 100000000 tulitoshi???
I don't remember Microsoft, Alibaba, Donut club accepting tulips (1 tulip per 500 donuts and eat it now).... ☕
Or implementing SegWit on tulips!??

Did banks adopt tulips???
Did they make Lite Tulip, Dash Tulip....

But hey, what do I know

Hey...i know Zimbabwean dollar and Weimar deutche mark 100000000000000 notes

All is possible .

Just like clemmo17, i didn't buy first time (2012 or 13) and I'm stupid

. you got THAT right.

Not-KPMG

Dec 19, 2017 4:04pm

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Quoting gravitist

Disliked

crybaby = someone who is against bitcoin. Wow, what an amazingly lol-worthy argument. Yes, I'm sure you're a "believer" - suckers usually are.

Ignored

You made me laugh again.
I'll move this to my thread!!

😂😂😂😱😱

denisius

May 13, 2017 5:59pm

Permalink

Quoting gravitist

Disliked

Cryptocurrency is indeed a game changer - now we have a " currency" not backed by any government, so when people get swindled ( as happened in the MtGox fiasco ) they'll have nowhere to turn. How wonderful.... Fiat currency and bank manipulation? Sounds like you read too much of the crap at zerohedge and infowars. Of course to be fair, I will give bitcoin its due - it was really popular with folks using Tor "onion" sites to buy drugs and child porn. So stoners and kiddie diddlers love bitcoin....

Ignored

Never thought I would say this but I agree with you 100%

Sonofsin5

May 16, 2017 8:19pm

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My only issue with bitcoin is its value other then...well... a bit coin. Gold and silver still have properties that are needed in today's working world and thus should stand the test of time, which, might I add have done so far.
There is a place in our world for bitcoin, at which price I don't know. Having said that I will be a buyer when price retreats.

3cent

May 13, 2017 4:25pm

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the really bad news is you may get as high as 30% !!!!!!!! fee on one transaction, depending on some factors

if you get that you wanna have the paypal or a bank instead and ditch the bitcoin

i was also happy with the bitcoin evolving as a currency until i experienced the 35% fee on my transaction. my soul was crying, and i changed my view on the ''future'' currency. with 35% fee of the amount you transfer, no currency can have any future

that's a rip off people money

Genimi

May 14, 2017 2:28pm

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you clearly didnt understand the tulip concept

nwedepius

May 12, 2017 6:36pm

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Cryptocurrency is the new game changer. We are tired of fiat currency and banks' manipulation.

ultra99

May 13, 2017 4:11am

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Quoting gravitist

Disliked

specifically designed for criminal activity

Ignored

Naturally, you must know Satoshi personally and he told you this himself?

cat

May 12, 2017 2:13pm

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Now worth $1,721 and currently falling hard.

Not-KPMG

May 12, 2017 4:44pm

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So what if it's falling??? Big deal.
It was 800 few months ago. Biiiiiig fall eh? I hope it falls more so I can buy more. 👏

Fact is - you buy something rare and precious with pieces of paper (getting worthless by the day). All cryptocurrencies started at 1 cent or a 50$ or whatever.
Now 5-6 crypto are flying.... And won't stop...

Why??

Because it's just emerging technology, and banks are printing essentially future toilet paper. Wait 3-5 years and folks will be paying 10 000 for a bitcoin

Envious people everywhere another crybaby ...

https://www.technologyreview.com/s/6...doesnt-matter/

Read above the smart morons crying and trashing it again.

I admit: When bitcoin was 100 i thought it's too expensive... :~{ So didn't buy ....

when was $500 the doomsayers buried bitcoin for 20th time.....
So buy buy buy.....

And Cry baby cry.

Not-KPMG

Jan 6, 2018 11:42am

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Quoting cat

Disliked

Now worth $1,721 and currently falling hard.

Ignored

Good post bubba

12 May 2017!!!!
Did you sell??? 😂😂😂😱😂😱😭😭😭

That said, 17300 bucks today!!!
Yeyyy😀😀😀🚀🚀👍

Jr123

Sep 12, 2017 7:04pm

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Bitcoin might be used as currency one day, but its to volatile now. I don't want to spend my bitcoin because it will be worth more tomorrow. I don't want to accept bitcoin for a item I'm selling because it might be worth less tomorrow. Stalemate.

Doesn't mean I don't trade it. I just don't want to do analysis every time I make a purchase, Quite happy with credit and debit cards.

Hoping it continues upward, and I'm able to sell it before everybody else starts selling.