The Bitcoin Tracking Thread

[Horn]

Bitcoin is proving to be more of a digital commodity than a currency.

Some commodities have short shelf lives.

[sirgonzo420]

Some commodities have short shelf lives.

Some do. And some don't. Gold, for example, has proven to have more or less an indefinite shelf life. Beanie Babies, as a temporary phenomenon, not so much so...

Being less than a handful of years into this techno-crypto-anarcho-monetary experiment, it remains to be seen as to what Bitcoin will prove to be.

I *have* given a look to the technical fundamentals of Bitcoin, and there is more *substance* to the overall concept in theory, and as the past few years have shown so far, in practice, than the stuffing of all the Beanie Babies in the world.

EDIT: I hold some bitcoin, so I am not buying at these prices... but if I didn't have any, I would pay $200 just to have one for the hell of it, because the concept is intriguing when properly understood.

[Shami-Amourae]

Being less than a handful of years into this techno-crypto-anarcho-monetary experiment, it remains to be seen as to what Bitcoin will prove to be.

I personally believe there will be a crash, then all the critics will come out and pat themselves on the back and be like "Told you so!" Chris Duane will laugh at us and life will go on as people stop talking about it. When they are beating their chest, and most Bitcoiners are quiet, that's when you buy.

Then 1-2 years later Bitcoin or Litecoin will be back in the spotlight setting new record levels.


Chris Duane will be like "ZOMG it's CIA Illuminati 666 Lizard Agenda!!!"

This process will keep occuring till theres large enough of a market cap, and enough business using cryptocurrencies until Chris Duane claims he was pro-Bitcoin/Litecoin all along and starts calling people 'tards for not buying in like he did.

[sirgonzo420]

By the way, as a general note, it should be understood that success is not dependent upon price.

The security of the Bitcoin protocol and network is what would constitute success/failure.

I keep expecting some large holders to cash out, but I expected a drop like that at $100 and it didn't exactly happen.

[Horn]

Gonzo, yur gonzo.

Beanie Babies have intrinsic value uncompared.

[MNeagle]

Gonzo, yur gonzo.

Beanie Babies have intrinsic value uncompared.

I think I will forever link Beanie Babies to Avalon...

[Horn]

Well, I really do wish you all do well with your Bitcoins, as I consider you all to be assets to me.

Just remember me as your poor silver brother when u get there.

[vacuum]

I personally believe there will be a crash, then all the critics will come out and pat themselves on the back and be like "Told you so!" Chris Duane will laugh at us and life will go on as people stop talking about it. When they are beating their chest, and most Bitcoiners are quiet, that's when you buy.

Then 1-2 years later Bitcoin or Litecoin will be back in the spotlight setting new record levels.


Chris Duane will be like "ZOMG it's CIA Illuminati 666 Lizard Agenda!!!"

This process will keep occuring till theres large enough of a market cap, and enough business using cryptocurrencies until Chris Duane claims he was pro-Bitcoin/Litecoin all along and starts calling people 'tards for not buying in like he did.

Possibly, but if europe goes down any time soon I see it continuing to rise.

[Neuro]

Possibly, but if europe goes down any time soon I see it continuing to rise.

Stairway to heaven? If Europe were to go down I doubt many people would put their trust in something as flimsy as bitcoins, which at least require an Internet connection...

[Blink]

Bitcoins is just a way for the cabal to steal the remaining wealth from those holding cash close to the chest. The poor do not matter (Agenda 21). We know the cabal wants a OWG and what better way to get everyone on board is to have "the people" develop a virtual global currency themselves. Can't blame the PTB for something we created, can we? When JFK tried to messy with the money, he ended up dead. When Ghaddfi tried to mess with the dollar, he ended up dead. Saddam went the same route as well. So, what prevented them from knocking off a couple of IT hacks? Nothing. This crypto-currency is being flaunted in the government/banker's faces and nothing is happening. Maybe, they're making a list of those that subscribe to circumventing legal tender laws (FEMA camp membership) or after crashing this (BTC), they'll come up with their own "new and improved" version. You will need power/equipment/internet to run (not very self sufficient to say the least)............ We are being set up.