I thought one of the points of bitcoin was it was anonymous and unable to track, which is why it was used on sites like Silk Road. Was I mistaken or did people over hype it's capabilities?
http://www.theverge.com/2015/1/14/7546669/silk-road-trial-bitcoin-tracking
I thought one of the points of bitcoin was it was anonymous and unable to track, which is why it was used on sites like Silk Road. Was I mistaken or did people over hype it's capabilities?
http://www.theverge.com/2015/1/14/7546669/silk-road-trial-bitcoin-tracking
BTC above $210.... how the hell is that a collapse?
I think it's dropped less than oil has the last 6 months.
Chill out on the doomsday prophecies.
no shit?
So then how can you compare a commodity to a "currency"? A currency should aim to be inherently stable while a commodity has known variability. Bitcoin has proven itself over and over to be a total failure of a currency.
This is true, and this should also scare the bejeezus out of anyone who thinks that BC is going to rebound into halcyon days of huge profits and stability.
The Intelligence agencies have increased their spending on programs, with the goal being to spy on every single digital and analog transmission on earth with 100% coverage and recall. To justify such spending, they are looking for nails, and they will find quite a few of them thanks to indiscreet users of BC/SR. You don't even have to have the slightest thing to do with SR to be hurt by the hammering, because it harms the claims about BC being secure and private. And bad news for BC will result in people fleeing investment holdings in the experiment.
The early days of BC were golden ones for hobbyists and savvy and/or lucky folks to gather a bunch while the getting was relatively easy. Then a handful of those were lucky enough to get the hell out while it was $500-$1000.
It's not coming back guys. It can only get worse with the way governments will inevitably destroy what's left. And with the global political alignments, it's actually worse if any country puts any support or legitimacy into the BC world, as that will only present a 'nail' to the agencies and political might of the banking sector that want it hammered hard and deep.
So then how can you compare a commodity to a "currency"? A currency should aim to be inherently stable while a commodity has known variability. Bitcoin has proven itself over and over to be a total failure of a currency.
Let's see... in December 2012, a bitcoin was worth about $20. Then, roughly a year later, it was worth over $1100. Now, it's worth around $200. You're not sarcastically implying that the Euro and Franc have had anywhere near as much volatility in their value, are you? Bitcoin was a fad for some nerds, some of whom haven't accepted reality yet.Just like the Euro & Swiss Franc currencies have proven stability
Let's see... in December 2012, a bitcoin was worth about $20. Then, roughly a year later, it was worth over $1100. Now, it's worth around $200. You're not sarcastically implying that the Euro and Franc have had anywhere near as much volatility in their value, are you? Bitcoin was a fad for some nerds, some of whom haven't accepted reality yet.
From the first post. Btc is now about the same it was back in October 2013 when the thread was startec, having shed 75% of its peak value. Not what I'd call a stable currency, lol.$226 on Gox right now. Looks to be boosted strongly by Chinese investors or your average joe. It's rapdily approaching the previous all time high.
I've got the majority of my CC holdings in LTC though.... at least it already recovered from recent lows.
This was from December, 2013.LTC has had it's 50% correction ($48.48 to $23.51), just like BTC did ($901 to $453). I do believe BTC and LTC will see new highs soon, though I don't expect BTC to go much higher than $1242.
From the first post. Btc is now about the same it was back in October 2013 when the thread was startec, having shed 75% of its peak value. Not what I'd call a stable currency, lol.
Anybody here still think Bitcoin is going to grow into a method of exchange in any business that matters? I remember when some people thought amazon would take it one day haha
Wrong link? Thread is about bitcoin and its price and/or merit.
Wrong link? Thread is about bitcoin and its price and/or merit.
True although I feel bad for the people that lost their wallets or passwords or had stowed some in that huge exchange that went under and lost out on beaucoup coinage.Part of me regrets not jumping on the bandwagon many years ago, although I probably would have sold all my BTC long before it went crazy high. No way would I want to actually use it as a Currency though. 1 day it would be hookers and blow, the next you'd be lucky to afford a loaf of bread.
Funny... it's 2 years later, and the price of Bitcoin is about the same as when this thread started in 2013. Looking at JUST those two data points, it looks like a pretty stable currency