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HarderFaster Forums >> Serious Discussions >> Bitcoins Author Pages (7):  1  2  3  [4]  5  6  7      kerb Registered: Nov 2005 Posts: 24383 - Threads: 1623 Location: bitcoin is about to become national news. Report this post to a moderator | IP: Logged 17-12-2017 13:15 PM Matt V2.0 Registered: Apr 2002 Posts: 17728 - Threads: 847 Location: Surrey 2016 Honourable Mention Party Animal Quote: Teach wrote on 08-12-2017 06:02 AM Every day the value of bitcoins rises, it's almost unbelievable is this the currency of the future or a bubble waiting to burst? I think it has to be a bubble waiting to burst. Initially I thought of Bitcoin as a new currency, a replacement for cash which would be good for paying small sums without the 60p credit/debit card transaction fee. Then came Silk Road and the black markets, a way of paying for things anonymously which increased its popularity. But (I'm told ) it was still possible to buy the right amount of bitcoin for a deal, without finding you needed more or had some left over as the price had changed between the 2 transactions. Now it's behaving more like an investment vehicle, like gold in 2011/2, but on steroids. Gold went up to around $2000 but dropped back over 40% and settled at its current level of $1250. Gold is an investment, typically favoured when there's global uncertainty and low returns from traditional vehicles, as we've seen in recent years. Bitcoin has taken on a life of its own, buoyed up by fervent interest but like the early plastic £5 and £10 notes, I can't see the mad pricing lasting for much longer. Click here to view original image Report this post to a moderator | IP: Logged 19-12-2017 12:51 PM Private1 Registered: Aug 2002 Posts: 40942 - Threads: 1198 Location: London Nearly a Quarter of All Bitcoins Are Locked Away With Little Hope of Recovery According to physics, nothing ever quite touches. When you lay your hand on something, there is a microscopic amount of space between the atoms of your hand and whatever you're touching... so no, officer, technically I'm not jacking off right now Report this post to a moderator | IP: Logged 21-12-2017 13:09 PM kerb Registered: Nov 2005 Posts: 24383 - Threads: 1623 Location: its gone from 15k to 12.5 in a matter of days. I have a little bit of bitcoin. Aswell as litecoin. Bitcoin will bounce back. Report this post to a moderator | IP: Logged 21-12-2017 13:18 PM B.S.E Taking over the world one grain of sand at a time Registered: Oct 2002 Posts: 17897 - Threads: 283 Location: Spreading... 2016 Winner Club Night - Zoology 15 Honourable Mention DJ Guy in my office is banging on about them like he's the only one in the know. I mentioned the possibility of it being a bubble and he scoffed and said he's not going to sell until they hit £100k each <please insert witty comment here> Get my Because: Podcast on iTunes - Get my R3volutionRadio.net podcast on iTunes bsemusic.co.uk Report this post to a moderator | IP: Logged 21-12-2017 13:23 PM kerb Registered: Nov 2005 Posts: 24383 - Threads: 1623 Location: Quote: B.S.E wrote on 21-12-2017 01:23 PM Guy in my office is banging on about them like he's the only one in the know. I mentioned the possibility of it being a bubble and he scoffed and said he's not going to sell until they hit £100k each yeah I know a few arrogant little pricks who think they're gonna be 100k within weeks/months. if they do cool. But fuck off with your bullshit cryptocurrency false knowledge you learnt off of one tim sykes video Report this post to a moderator | IP: Logged 21-12-2017 13:31 PM Private1 Registered: Aug 2002 Posts: 40942 - Threads: 1198 Location: London Quote: kerb wrote on 21-12-2017 01:18 PM its gone from 15k to 12.5 in a matter of days. I have a little bit of bitcoin. Aswell as litecoin. Bitcoin will bounce back. John Mcafee said he'd eat his dick if bitcoin wasnt worth0 $500000 / $1 Million in three years. According to physics, nothing ever quite touches. When you lay your hand on something, there is a microscopic amount of space between the atoms of your hand and whatever you're touching... so no, officer, technically I'm not jacking off right now Report this post to a moderator | IP: Logged 21-12-2017 13:35 PM Matt V2.0 Registered: Apr 2002 Posts: 17728 - Threads: 847 Location: Surrey 2016 Honourable Mention Party Animal The Winklevoss brothers (Olympic rowers, sued Zuckerberg over FB ownership) both invested when bitcoin was $10. Their holdings are now worth $1.3b, out of a total of $310b at today's value. They reckon they might sell up when the total value of Bitcoin matches gold, around $7-8 trillion or 22.5 times the current value. https://www.nytimes.com/2017/12/19/technology/bitcoin-winklevoss-twins.html Report this post to a moderator | IP: Logged 21-12-2017 13:38 PM All times are GMT. 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