101 days living on nothing but BTC

Discussion in 'Digital Currencies' started by Clawhammer, Nov 25, 2013.

  1. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

    Joined:
    Feb 26, 2010
    Messages:
    8,809
    Likes Received:
    72
    Trophy Points:
    48
    Location:
    Gone Fishin'
  2. Earthjade

    Earthjade Member

    Joined:
    Aug 4, 2011
    Messages:
    872
    Likes Received:
    1
    Trophy Points:
    18
    Location:
    AU
    This guy was on the Keiser Report last week.
     
  3. trew

    trew Active Member Silver Stacker

    Joined:
    Aug 24, 2011
    Messages:
    3,653
    Likes Received:
    7
    Trophy Points:
    38
    Location:
    Melbern
    Is anybody buying anything with bitcoins right now ?

    Anybody that spent bitcoins a month ago must be kicking themselves
     
  4. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

    Joined:
    Oct 30, 2009
    Messages:
    6,278
    Likes Received:
    186
    Trophy Points:
    83
    Location:
    Sydney
    ^ This.

    Gresham's law at work.
     
  5. beeteecee

    beeteecee New Member Silver Stacker

    Joined:
    Sep 6, 2013
    Messages:
    274
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Yes. And not in the least.
     
  6. Load of Bullion

    Load of Bullion Well-Known Member

    Joined:
    Jul 10, 2009
    Messages:
    1,349
    Likes Received:
    49
    Trophy Points:
    48
    Location:
    Sydney
    Their monies spent on fees to banks would have declined dramatically during the 101 day period. Good on them.
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

    Joined:
    Oct 29, 2012
    Messages:
    4,499
    Likes Received:
    1,182
    Trophy Points:
    113
    Location:
    Treasure Island
    It's a bit like that film about living on fast food for 100 days.

    I guess Bitcoins too inflate, so you must get pretty fat when living on them exclusively! :D

    If you live on fiat, you'll get thinner!

    And see how thin you get when hyperinflation hits!

    fiat=diet, less income with it, less value-preserved, lower body weight
    Bitcoin=like fast food with high fat, the high income (until the bubble pops!) with speculation on the BTC market will leave you fatter!

    Bon appetit! :p
     

Share This Page