Users Online Now:
1,136
(
Who's On?
)
Visitors Today:
364,719
Pageviews Today:
474,450
Threads Today:
153
Posts Today:
1,749
04:08 AM
Directory
Adv. Search
Topics
Forum
Back to Forum
Back to Thread
REPLY TO THREAD
Subject
Bitcoin carshing! mid 300s now and tumblin'
User Name
Font color:
Default
Dark Red
Red
Orange
Brown
Yellow
Green
Olive
Cyan
Blue
Dark Blue
Indigo
Violet
Black
Font:
Default
Verdana
Tahoma
Ms Sans Serif
In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 46284758:MV8yNDg0MzAzXzQyODMwMTI1XzIzNzU3QTlC] [quote:Anonymous Coward 54346694:MV8yNDg0MzAzXzQyODMwMDg3XzM2NTY5OTBB] Wow, lots of posts in here that don't seem to have any understanding on how it works. Please research for yourself by looking up how bitcoin works, there's a great semi-technical youtube which explains the blockchain very well. Once you understand the tech behind it you'll change your mind because it's that fundamental. The blockchain is an amazing thing (from a high level understanding). It's mechanics are a very crude simulation of how reality is created moment to moment (creation of reality is at a much much higher frequency). Each block requires agreement by those in it's universe just like reality. Once it's confirmed by enough other people it becomes real and then a little longer it becomes history which makes it much harder to change, just like reality. The biggest problem with bitcoin is that it's very scarce and people are holding on to it to try and make huge bucks. Doge on the other hand is very abundant and is thrown around like handfuls of dirt. The difference is that Doge derives it's value from the interest people have in it and interest in wanting to use it, everyone likes to get and give. [/quote] That might all be true, but the CASH, THE DOLLARS in bitcoin at the moment are not a relfection of people using it to buy thing. The CASH AND DOLLARS in bitcoin at teh moment are mostly SPECULATORS, day traders, and pump and dumpers. Not to mention the early adopters of whom many were also MINE_ HOLD _ SELL people. I say to you that the majority of the bitcoins right now belong to speculators and early miners ( and there are a small number of people who own almost half of all bitcoins- proving my point) WHen these guys run for the exits the price IN DOLLARS will go down to what it is worth as a medium of exchange ( if it survives the downward crash). I'm thinking less that $10 [/quote]
Original Message
Oh the humanity
Next stop $180? I feel sorry for anyone gambling with such digital games, but the writing was on the wall from the beginning.
Now at $365 on xe.com
Pictures (click to insert)
General
Politics
Bananas
People
Potentially Offensive
Emotions
Big Round Smilies
Aliens and Space
Friendship & Love
Textual
Doom
Misc Small Smilies
Religion
Love
Random
View All Categories
|
Next Page >>