Bitcoin at all time high

[anonamoose]

I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.

The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.

I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.

I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.

[garrett]

I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.

The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.

I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.

I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.

Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.

[anonamoose]

I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.

The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.

I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.

I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.

Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.

You say that as if 99.999% of investment isn't for profit.

[Baron Von Strucker]

HOF signature, Muck

still mad at me for putting you on your bike?

care full scammer boy, i will bump your scammer thread every week!

[cmoney]

I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.

The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.

I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.

I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.

Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.

I agree. As I said before, these swings are looking more like a graph on a pump and dump over the counter stock than a listed stock or commodity. People think Gold and Silver are too volatile but they are not even in the same universe in terms of swings as bitcoins.

Currency only has value if people have confidence in it. When your bitcoin goes from 260 to 106 to 200 all in one day I find it hard to believe anyone can have any real confidence in it long term. Rather than a stable currency, it turns into a gambling game of who is the last man holding the rotten egg.

[garrett]

Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.

You say that as if 99.999% of investment isn't for profit.

I am not going to get into the semantics of an investment with you here. That's not the point of this thread. You said you disagreed about the stability of a bitcoin.

I gave you a 101 level reason as to why you are completely wrong. Nothing personal, let it marinate.

[anonamoose]

You say that as if 99.999% of investment isn't for profit.

I am not going to get into the semantics of an investment with you here. That's not the point of this thread. You said you disagreed about the stability of a bitcoin.

I gave you a 101 level reason as to why you are completely wrong. Nothing personal, let it marinate.

you don't need to go into semantics of something that i understand.

go back to scamming people.

[PLOL]

HOF signature, Muck

still mad at me for putting you on your bike?

care full scammer boy, i will bump your scammer thread every week!

Okay, I'll be care full

[cmoney]

Simple problem with that theory, people are using Bitcoins to hold and dump. Vehicles for profit, not as a medium of exchange. If there are not enough entities accepting them as currency, and people just use them as a carry and dump for profit vehicle, what you will get is a more volatile market in time, not less.

You say that as if 99.999% of investment isn't for profit.

What he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.

[tommyt]

still mad at me for putting you on your bike?

care full scammer boy, i will bump your scammer thread every week!

Okay, I'll be care full

[anonamoose]

You say that as if 99.999% of investment isn't for profit.

What he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.

No he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.

[BeerAndPoker]

$143 again..

mmmm droooooooooooooooop

[sonatine]

What he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.

No he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.

jesus christ dude... do you even think about what you write?

[cmoney]

What he is saying (and he is 100 percent right) is that instead of a currency that is used to buy goods and service it is being traded on pure speculation. Trading bitcoins is becoming like trading options or day trading .. You cant have that if you want a long term alternative currency.

No he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.

Sorry bud had to stop there. We are too far apart

[Hockey Guy]

No he's not right actually. It's no different than gold. The reason it's so volatile right now is because people don't understand it. They don't understand that when the price drops drastically like today that someone is fucking with it and that you should either buy or hold. Once there is a better understanding of this bitcoin won't be as volatile until, like I stated, the government cracks down on it.

Sorry bud had to stop there. We are too far apart

It's no different than gold? Really?

I guess that stuff in my safety deposit box doesn't really exist. Who knew?

[BetCheckBet]

Props to China for getting out just in time. Lot of people going to get burned big time here. We've had the slight rebound expected from the big drop. Expect a second one very soon in the coming days (if not sooner) once it is seen that bitcoin has lost momentum.

difference between gold and bitcoins. Gold has been valued by society as a whole for thousands of years. Bitcoins have never been valued by society as a whole.

[Belly Buster]

I disagree about the stability of bitcoin. Though I will not ever use it as physical currency, I do see it as an easy money truck.

The reason it's not unstable is because what is the true value of a bitcoin? It's not like a stock, it's limited supply, and has monetary value. I think bitcoin will steadily climb until some government cracks down on it. It will become of, who pulls the trigger closest to the top before some company cracks down on it.

I wanted to buy so badly when it was at 110ish but bitinstant temporarily removed the cash deposit option. I was literally sitting outside a walmart hitting f5 on my laptop rigged up to a mobile hotspot trying to get it back up.

I decided to head home and checked about half way home when I noticed bitinstant was accepting cash deposits again. Bitcoin prices were about 130 at the time and I decided to insta ship the next exit and sit in a cvs parking lot and get the bitinstant transfer ready, when all off a sudden dead stop traffic. I've sat in traffic for about the last 2 hours. By the time I got to the exit bitcoins were already back up at 180ish so I scrapped the plan. I'm so pissed about this right now, it was obv a moment to buy.

If bitcoin is to succeed they will have to sort out the trading issues, and maybe they need 5-10 exchanges not just one huge DDoS target like mtgox.

With a hugely volatile commodity, no one will feel safe if they can't get their positions closed out in an instant.

[Belly Buster]

Cmoney wins the thread with China a close 2nd.

[Belly Buster]

This bullshit is crazy. Went on mtgox last trade was $130; refreshed 10 minutes later last trade is $178.

If you invest in these you could go to bed a millionaire and wake up broke.

[Avon Barksdale]