El Presidente Posted January 15, 2014 Posted January 15, 2014 I will take it seriously when the Tax office takes it as a form of payment
Laxman Posted January 16, 2014 Posted January 16, 2014 I had someone 8 or 9 months ago pitch my business partner and myself on investing in Bitcions. At that point I had not really heard of them. He wanted 300k to start buying and mining the coins. I looked at the volatility of the prices and wanted no part. At that point I believe they were 120 dollars now they are 1200 dollars lol. Could have done pretty well but would have had a heart attack with the crazy fluctuations.
poisonowns Posted January 20, 2014 Posted January 20, 2014 I want nothing to do with virtual currency. Paper or plastic please kthx.
andrprosh Posted January 20, 2014 Posted January 20, 2014 If you are in US try coinbase to buy and sell bitcoin.
DrunkenMonkey Posted January 21, 2014 Posted January 21, 2014 I want nothing to do with virtual currency. Paper or plastic please kthx. The US Dollar is the virtual one. 1
DrunkenMonkey Posted January 21, 2014 Posted January 21, 2014 I refer you to QE, QE II and QE Infinity. Currency can be created out of thin air without ANY form of public debate. In the USA it's called the FED and they can do basically anything they want at anytime. This.
Omskakas Posted January 21, 2014 Posted January 21, 2014 Gold, my fellow FoHers. And cigars. Those will keep their value better than Bitcoin or fiat-money for the next 5-10 years.
DrunkenMonkey Posted January 21, 2014 Posted January 21, 2014 Gold, my fellow FoHers. And cigars. Those will keep their value better than Bitcoin or fiat-money for the next 5-10 years. I don't know; my cigars keep getting burned up.
Omskakas Posted January 21, 2014 Posted January 21, 2014 I don't know; my cigars keep getting burned up. It's a fair reason to buy more cigars. If you save money now to buy cigars in the future you will lose because the purchasing power of your dollars will continue to decline. Meanwhile your purchased cigars will age and taste better. You can't lose!
DrunkenMonkey Posted January 21, 2014 Posted January 21, 2014 It's a fair reason to buy more cigars. If you save money now to buy cigars in the future you will lose because the purchasing power of your dollars will continue to decline. Meanwhile your purchased cigars will age and taste better. You can't lose! Good point. Let me run that by my wife.
bogglor Posted January 22, 2014 Posted January 22, 2014 Good point. Let me run that by my wife. I tried this once, it didn't really work out for me. YMMV!
Rye Posted February 26, 2014 Posted February 26, 2014 Well, well, well... Bitcoin sure took a hit today. 6% of it was stolen! Might be a short lived currency.
Fosgate Posted February 26, 2014 Posted February 26, 2014 Big troubles, their stock has been crashing since the hacker announcement. http://finance.yahoo.com/news/bitcoin-exchange-mt-gox-shutdown-183422097.html;_ylt=AwrBJSDITQ5TiEwATDKTmYlQ
Rye Posted February 26, 2014 Posted February 26, 2014 I can't help but think that this "hacker" was hired... I am far from a conspiracy theorist, but this has a fishy smell all over it 1
Fosgate Posted February 26, 2014 Posted February 26, 2014 Many of them are these days. Corporate Espionage has been and always will be a relevant tool.
PaulP Posted February 28, 2014 Posted February 28, 2014 I can't help but think that this "hacker" was hired... I am far from a conspiracy theorist, but this has a fishy smell all over it The Feds do not like Bitcoin, just saying.
Rye Posted February 28, 2014 Posted February 28, 2014 The Feds do not like Bitcoin, just saying. Nor does the Canadian govt.
DWC Posted February 28, 2014 Posted February 28, 2014 The US Dollar is the virtual one. I've read that only 3% of the US economy exists as real money. The rest is only numbers in computers, with nothing backing it anymore. (gold) It's like one of those pretty cardboard cakes. Looks good on the outside but nothing of substance under it.
CaptainQuintero Posted February 28, 2014 Posted February 28, 2014 It was always going to be taken down at some point, it had the potential to put traditional banking out of business. It was just being left to get big before something like this happened so no one will think about investing then loosing so much again
PaulP Posted March 2, 2014 Posted March 2, 2014 I've read that only 3% of the US economy exists as real money. The rest is only numbers in computers, with nothing backing it anymore. (gold) It's like one of those pretty cardboard cakes. Looks good on the outside but nothing of substance under it. Except the full faith and credit of the largest economy on earth.
coronacigar Posted March 4, 2014 Posted March 4, 2014 Hmm, I jumped in and bought a few Bitcoins for $582 each about 3 days ago, right now they are going for just about $690-700, now I wish I had bought more! $100 gain per bitcoin in 3 days! Here is an interesting realtime chart for those who might be interested. http://bitcoinwisdom.com/ 1
mk05 Posted March 4, 2014 Posted March 4, 2014 I just find it hilarious that someone Office Spaced Bitcoin for $409m and is somewhere over the Atlantic on a sweet Riva yacht, living the dream a la Swordfish.
CaptainQuintero Posted March 4, 2014 Posted March 4, 2014 I just find it hilarious that someone Office Spaced Bitcoin for $409m and is somewhere over the Atlantic on a sweet Riva yacht, living the dream a la Swordfish. Bald-headed with a nude Halle Berry?
fookite Posted March 4, 2014 Posted March 4, 2014 Except the full faith and credit of the largest economy on earth. Seriously. It's insane the way these people fetishize shiny pebbles while simultaneously writing off the value of everything a country makes and does.
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