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B: BB?
Posted: Mon Dec 02, 2013 1:51 pm
by Alexis
Bitcoin: a Beautiful Bubble?
Bubble yes... more precisely, Bubbles in series.
However,
is there more to it? Or are we witnessing the price of new tulips?
At some point, price of Bitcoin will stabilize... will it be at 100 grands? A dime? ..."Somewhere" in between?
Re: B: BB?
Posted: Mon Dec 02, 2013 5:12 pm
by Doc
Alexis wrote:Bitcoin: a Beautiful Bubble?
Bubble yes... more precisely, Bubbles in series.
However,
is there more to it? Or are we witnessing the price of new tulips?
At some point, price of Bitcoin will stabilize... will it be at 100 grands? A dime? ..."Somewhere" in between?
I honestly don't know much about Bitcon. Who determines how many bitcon are available?
Re: B: BB?
Posted: Mon Dec 02, 2013 5:33 pm
by Alexis
Doc wrote:I honestly don't know much about Bitcon. Who determines how many bitcon are available?
There are descriptions of Bitcoin of varying length and complexity...
You can find a five-sentence summary here
Bitcoins are a virtual currency in which new coins are created by a slow, complex computer process known as "mining." Once a person acquires a Bitcoin, he or she can trade it online to anyone who will accept it as payment for goods or services. Right now, a single Bitcoin is worth about $140 in U.S. dollars, though that value fluctuates. There are 11 million Bitcoins now in existence, and once 22 million have been created, all mining will effectively cease. The currency isn't regulated by any central bank.
(plus more details at the link if you wish
)
(note that value of a Bitcoin is presently over $1,000 and fluctuates
strongly)
Re: B: BB?
Posted: Tue Dec 03, 2013 2:21 am
by noddy
their is some completely decentralised algorithm for creating new bitcoins that is allegedly beyond the ability for any single person to control, how true that remains over years if/when the people with resources have thrown resources at it, i cant say,
however, bitcoin is purely a speculation bubble, a little mini ponzi of early adopters making their dollars and waiting for the greatest fool (tm) to purchase the peak.
i say that because its tax fraud and is only getting away with existing because its not quite hitting the critical mass that causes governments to react.
inevitable crackdown and media articles about it being used to fund terrorism and drugs in 3....2....
Re: B: BB?
Posted: Sun Dec 08, 2013 7:03 am
by Mr. Perfect
Baseball cards.
Re: B: BB?
Posted: Sun Dec 08, 2013 9:05 pm
by Doc
Mr. Perfect wrote:Baseball cards.
I once owned a Nolan Ryan rookie card. I gave it away along with a couple she boxes of baseball cards. A very few years later it was worth $1200 retail.
http://www.ebay.com/itm/like/120614345497?lpid=82
Re: B: BB?
Posted: Sun Dec 08, 2013 10:38 pm
by Heracleum Persicum
.
Bitcoin is a conspiracy to fu*k China .. like Medoff conspiracy to siphon & usurp Russian Oligarch money
Bitcoin was to fool Chinese banks and rich individuals into Bitcoin rubbish and BANG
China forbids banks to transact in Bitcoin and the BANG followed,
The Fall-out From Chinese Government Banning of BITCOIN Real World Use
This a financial, economic war, no prisoner taken, everything goes, the targets are the Chinese and Russians .. Arabs in reality don't own anything, theirs can be "frozen" for being "terrorists"
.
Re: B: BB?
Posted: Mon Dec 09, 2013 12:57 am
by Typhoon
Sometimes a cigar is just a cigar.
~ Marx, Groucho
Re: B: BB?
Posted: Mon Dec 09, 2013 1:06 am
by Nonc Hilaire
Where can you buy groceries with a bitcoin?
It's a modern form of script "currency".
Re: B: BB?
Posted: Mon Dec 09, 2013 1:29 am
by Heracleum Persicum
Typhoon wrote:.
Sometimes a cigar is just a cigar.
~ Marx, Groucho
.
and
Sometimes a Medoff is a Medoff
- Heracleum Persicum
.
Re: B: BB?
Posted: Mon Dec 09, 2013 4:36 am
by Doc
Nonc Hilaire wrote:Where can you buy groceries with a bitcoin?
It's a modern form of script "currency".
http://money.cnn.com/2013/12/06/autos/tesla-bitcoin/