Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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carssman
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Re: Bitcoins - fad or trend?

Postby carssman » Wed Nov 27, 2013

Brades wrote:Litecoin is at $31 right now at btc-e.com :shock:



Well dont take my advice and sell this time around, you will regret it when its a 100 per LTC!!

insanity,,,!!!!

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Fusion
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Re: Bitcoins - fad or trend?

Postby Fusion » Wed Nov 27, 2013

GoldGoldandGold wrote:This is so Fluffed up. Seriously.


Why do you say this? Have you read anything that explains bitcoin or other digital currency? Or are you just confused. :lol: Its confusing...like a wormhole.

Edit...every time I look up litecoin doubles.

Solid article on China and its influence on btc
http://pando.com/2013/11/26/bitcoin-you ... a-problem/
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GoldGoldandGold
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Re: Bitcoins - fad or trend?

Postby GoldGoldandGold » Thu Nov 28, 2013

Fusion wrote:
GoldGoldandGold wrote:This is so Fluffed up. Seriously.


Why do you say this? Have you read anything that explains bitcoin or other digital currency? Or are you just confused. :lol: Its confusing...like a wormhole.

Edit...every time I look up litecoin doubles.

Solid article on China and its influence on btc
http://pando.com/2013/11/26/bitcoin-you ... a-problem/


Did I ready something? Just wait a few more months.
I do accept free gold

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BotanicusRex
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Re: Bitcoins - fad or trend?

Postby BotanicusRex » Thu Nov 28, 2013

Not completely foolproof... the human factor still prevails... OUCH!

IT worker throws out hard drive and $7.5MM of bitcoins.

http://worldnews.nbcnews.com/_news/2013 ... rtune?lite
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carssman
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Re: Bitcoins - fad or trend?

Postby carssman » Fri Nov 29, 2013

BTC high on mtgox was 1242 today,, :shock: Who would have thought this would go that high? BTC/Gold parity.. We all could have bought BTC at 500 when this thread had started...

Would have been the easiest double.

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Fusion
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Re: Bitcoins - fad or trend?

Postby Fusion » Fri Nov 29, 2013

Guns kill people the same way pencils misspell wurds.

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jcz1
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Re: Bitcoins - fad or trend?

Postby jcz1 » Sat Nov 30, 2013



They already have physical bitcoins:

https://www.casascius.com/

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Fusion
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Re: Bitcoins - fad or trend?

Postby Fusion » Sat Nov 30, 2013

jcz1 wrote:


They already have physical bitcoins:

https://www.casascius.com/


Yes I know. That's referenced in the article. I find this hilarious they are selling on eBay now with mint errors, uncirculated etc... What's next a PCGS First Strike :?
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300Braveheart
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Re: Bitcoins - fad or trend?

Postby 300Braveheart » Mon Dec 02, 2013

Silver Bitcoin commemorative rounds: https://factorystore.mulliganmint.com/bit-coin.html

Pretty darn weird IMO.
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XFactor
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Re: Bitcoins - fad or trend?

Postby XFactor » Mon Dec 02, 2013

I could have bought those stupid things at 25 bucks each. Who cares how fluffy bitcoins are... What matters is that you make a killing and get out before it has a hyperbolic crash. :clap:

The Bonehead
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Re: Bitcoins - fad or trend?

Postby The Bonehead » Mon Dec 02, 2013

There was apparently a 60 Million Pound theft of bitcoins that is now being tracked around the globe.
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joefro
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Re: Bitcoins - fad or trend?

Postby joefro » Mon Dec 02, 2013


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H2SO4
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Re: Bitcoins - fad or trend?

Postby H2SO4 » Tue Dec 03, 2013

when are we going to have bit coin prices under the gold/silver/platinum?
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Fusion
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Re: Bitcoins - fad or trend?

Postby Fusion » Tue Dec 03, 2013

H2SO4 wrote:when are we going to have bit coin prices under the gold/silver/platinum?

Do mean you want to buy them or are u saying u want to use them to buy gold/silver/platinum?
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H2SO4
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Re: Bitcoins - fad or trend?

Postby H2SO4 » Tue Dec 03, 2013

Fusion wrote:
H2SO4 wrote:when are we going to have bit coin prices under the gold/silver/platinum?

Do mean you want to buy them or are u saying u want to use them to buy gold/silver/platinum?


I meant on the side of the BS.com page under the spot prices. like 1Bitcoin = $1,2xx
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MaxGravy
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Re: Bitcoins - fad or trend?

Postby MaxGravy » Tue Dec 03, 2013

H2SO4 wrote:
Fusion wrote:
H2SO4 wrote:when are we going to have bit coin prices under the gold/silver/platinum?

Do mean you want to buy them or are u saying u want to use them to buy gold/silver/platinum?


I meant on the side of the BS.com page under the spot prices. like 1Bitcoin = $1,2xx


If you can find one that fits our sidebar, I'll add it. But I haven't seen any free bitcoin tickers for websites.
I'm clearly not very bright.

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H2SO4
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Re: Bitcoins - fad or trend?

Postby H2SO4 » Tue Dec 03, 2013

MaxGravy wrote:
H2SO4 wrote:
Fusion wrote:
H2SO4 wrote:when are we going to have bit coin prices under the gold/silver/platinum?

Do mean you want to buy them or are u saying u want to use them to buy gold/silver/platinum?


I meant on the side of the BS.com page under the spot prices. like 1Bitcoin = $1,2xx


If you can find one that fits our sidebar, I'll add it. But I haven't seen any free bitcoin tickers for websites.

I don't think it will be worth the trouble. I was just kidding around. Those Bcoins are just a fad, right? :lol:
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mnymgr1
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Re: Bitcoins - fad or trend?

Postby mnymgr1 » Wed Dec 04, 2013

http://www.theverge.com/2013/12/2/51654 ... -keep-cool

I don't think its a fad at all.
If these 'coins' are uncrackable by thieves, govts, etc, then I think they will somehow stay a part of the future economy. unless they are upended by another new technology type currency.

I also just posted this over at SD...more I think about it, more I like it.....

""These new 'coins' will continue to pop up and when someone major steps in, you have to be there waiting. What happens if AmazonCoin wanted to be there tomorrow? Think a few people would want to own that ? How about GEcoin, StarbucksCoin, VirginCoin? Free advertising for a long long time.

Geez, I should somehow try and market that idea to companies :-)
They'd just be worried about either huge liability somehow, or the coins crashing in value and them somehow taking the blame. ""

I would love to own a few VirginCoins ! What a conversation starter at parties :mrgreen:
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jcz1
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Re: Bitcoins - fad or trend?

Postby jcz1 » Wed Dec 04, 2013

They may be around for a while, but right now, these are for investment/speculation only. They are not a currency, simply because they are too volatile.

How does one price products or services in a currency that changes value so drastically day-to-day, or even intra-day. Then there is the problem of which source is used to determine that value, since Mt Gox says one thing, and some other site says something else.

I don't think this volatility was what was intended by whoever started this. But since they probably have enough bitcoins to cash out as millionaires now, they probably don't care anymore. :lol:

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Fusion
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Re: Bitcoins - fad or trend?

Postby Fusion » Wed Dec 04, 2013

jcz1 wrote:How does one price products or services in a currency that changes value so drastically day-to-day, or even intra-day. Then there is the problem of which source is used to determine that value, since Mt Gox says one thing, and some other site says something else.

I don't think this volatility was what was intended by whoever started this. But since they probably have enough bitcoins to cash out as millionaires now, they probably don't care anymore. :lol:


There are service organizations like BitPay that facilitate merchant transactions and will convert your btc as payment into any currency if you wish. Processing costs can be fractions of a fraction which is one of the greatest things. I see on their website under pricing they have a menu of choices. So they provide the forward pricing. And anyone who has btc understands that the value fluctuates with the market.

I read this article today http://www.coindesk.com/bitcoin-price-r ... -analysts/. Having Wedbush come out with a valuation gives more validation for me.
Here is a good one from Forbes - http://www.forbes.com/sites/danreich/20 ... d-to-know/
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