Quote:
Originally Posted by sirgonzo420
I'll give it a try, see what happens. Thanks, I'll keep you informed.
ximmy
Printable View
Quote:
Originally Posted by sirgonzo420
I'll give it a try, see what happens. Thanks, I'll keep you informed.
ximmy
Do you really think TPTB don't have their greedy hands into bitcoin? Hmm..use Cyprus to get folks stampeding out of the banks and into bitcoin. Drive the price up to astronomical highs, pull the plug on bitcoin and poof, all gone. Laughing the whole time as they take even more wealth away from the people. Sounds like the housing bubble.Quote:
Originally Posted by Shami-Amourae
The only thing of honest value is tangibles, imo. Gold, silver, guns, ammo, etc.
Now it's been up to $116...
Bitcoin may be in a "bubble", but it started at about $0.0001-$0.001 for crying out loud. The free market determines the price. All I'm saying, is that if one has pissed $$$ playing the lottery (I have spent less than $5 on the lottery in my entire life, which may or may not explain why I haven't won!) then they ought to piss away a fraction more $$$ on Bitcoin, where the odds of "winning" are much greater and potentially more lucrative. ;DQuote:
Originally Posted by Neuro
I don't really care either way. I understand gold and silver, and I hold some. I am not a Bitcoin "fan". I don't "like" Bitcoin, per se, but I understand it, and that understanding led me to obtain some when the price and general interest was much lower, because I could read the proverbial writing on the wall. 5 years or 10 years from now, a bitcoin may be worth nothing, but if it *isn't* worth nothing, you might wished you'd had a few... or one... or 0.0001 or whatever, I don't know and it's a gamble - but that's part of what makes it fun.
I have no idea where the price of Bitcoin will go, and I don't have quite enough to move the market too much by myself. ;D
I am not disagreeing with you.Quote:
Originally Posted by Hitcher
I don't advise putting into bitcoins amounts that one cannot stand to lose. Don't spend grocery money on bitcoins.
But if you are willing to take a little bit of a chance, a well-timed buy of $100 worth of bitcoins could later buy $1000s+ worth of tangibles like gold, silver, guns, ammo, etc.
In the history of crypto-currencies, buying $1 worth at the right time has made millionaires.
But it's gambling. Interesting gambling. Hell it's still "experimental". Experiments can be fun, but they can blow up in your face if not properly handled. Viewer discretion is advised.
I think some of them are a little late to the party trying to get their heads around it. Crypto currencies are an entirely different animal all together. Proof of work transaction logs are something you'd see every jew banker in the U.S. cry a river a mile long if they had to maintain one. There is no fractional reserve lending in bitcoin. It's tit for tat and TPTB already control, gold, silver, ammo and other tangibles. The DHS has purchased almost 2 billion rounds of ammo, keeping them out of yours and mine hands. They once made owning gold and silver illegal. How would you leave the country with your wealth or transfer it to your family if you passed away? We already know that FRN's are state issues, state controlled and are property of the state. You have a bitcoin, it's yours and no one else's while you have it. It cannot be counterfeited, it cannot be stolen (do your due own due diligence with password protecting and encrypting your BTC wallet), and it cannot be controlled, government cannot dictate how you spend said currency.Quote:
Originally Posted by Hitcher
Bitcoin is not perfect, but it all boils down to trust. Do you trust some 1's and 0's with a proof of work concept built into the system. Or do you trust a central bank and governments decree that a dollar is worth a dollar no matter how many they print?
That can't happen. That's not how it works. Look at the source code if you don't believe me. It's open sourced. There's nothing to hide. If you can't read/understand the source code, you don't know what you're talking about. This is a completely new concept. You can't compare it to anything.Quote:
Originally Posted by Hitcher
The whole system is rigged so that he who gets the money first gets the most...that will never change.
You want good eats at a bake sale...show up early.
Banks are going nuts...there is opportunity in that.
If you can increase your "Gold, silver, guns, ammo, etc" with BTC/LTC -- why not?Quote:
Originally Posted by Hitcher
Mining hardware comparison
https://en.bitcoin.it/wiki/Mining_Hardware_Comparison