The Bitcoin Tracking Thread

[Shami-Amourae]

If I knew more about the ins & outs I might trust it enough one day to also. I think, I'm too earth an astrological sign, or something? All you friggin fire/air people will reap the benefits, and when I get in there it will be doused mud.

The codes themselves & mining in electrical fields, makes one get all philosophical about Gold and Silver, like was it the answer that they all reached when finished mining?

In general people who are younger, and more tech/computer savvy are the ones adopting this stuff with open arms. I don't think thats from naivety, but, rather familiarity and trust of the code/technology. I do recognize Bitcoin or any cryptocurrencies can go to 0, and so I will always want to have Gold/Silver. The problem with Gold/Silver is you can't transact them online with ease like you can with Bitcoins, and keep the same anonymity (if you choose.) I prefer having a code memorized in my head of how to decrypt my currency, and travel freely, than have physical anything, but that's based on preference. This entire issue splits the entire Gold/Silver community in half. If you notice it's more of the Silver people who like Bitcoin and more of the Gold people who think it's nutty/dangerous. I think there is something to that.

My point is that I think there is a place for both, and to not rule out either. If Bitcoin crashes, it may just crash all the way down to $150, or something like that, which really isn't a crash but a correction. If it crashes to 0 it will because another cryptocurrency has taken it's place, which is why I hold Litecoin almost exclusively now, and recommend that to others as the way forward since I believe the protocol is superior to that of Bitcoin. I have no idea if I'm right about that though. It's an educated guess.

You can still store you wealth in Gold/Silver, and when you need to, sell them for a cryptocurrency and do online transactions ALL while staying out of the banking system. The ultimate point of this is to be free of the money changers.