BITCON... WHY its totally FLAWED

Discussion in 'Digital Currencies' started by 1for1, Aug 6, 2012.

  1. pro$pector

    pro$pector New Member

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    Haha it's on CNBC, it must be true! :lol:
     
  2. Capitalist

    Capitalist New Member

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    While Schiff knows his economics and history, he knows very little about bitcoin (I listen to his radio show every day).

    Anyway, there's no reason to substitute your precious metal for bitcoins. Diversification is good thing.
     
  3. pro$pector

    pro$pector New Member

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    Some of us went the other way haha. :cool:
     
  4. Load of Bullion

    Load of Bullion Well-Known Member

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    [​IMG]
     
  5. rbaggio

    rbaggio Active Member Silver Stacker

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    Careful! Last bloke that made a prediction like that said that you would never again be able to buy 1kg silver sub-$1000.
     
  6. tozak

    tozak Well-Known Member Silver Stacker

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    https://btc-e.com/news/185

    I bit of a stir up today on btc-e.com when announced they would delist FTC and TRC at the end of the year.

    FTC prices fell like a rock but rebounded once btc-e amended the announcement to say they would keep FTC

    https://btc-e.com/exchange/ftc_btc

    Just makes me think once LTC goes live on MtGox the LTC price will really surge
     
  7. trew

    trew Active Member Silver Stacker

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    Seem to remember somebody saying something about charts using linear scale being misleading.....
     
  8. tozak

    tozak Well-Known Member Silver Stacker

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  9. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Nice to see most silver holders still on the sidelines.

    Should have a good upward move ahead of us :)
     
  10. Altima

    Altima Well-Known Member Silver Stacker

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    Best to stay on the sidelines (and lose out on "massive" profits) than become fodder for the early adopters. :D
     
  11. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    I can guarantee you'll start to see the same people who bought silver at the peak gravitate over to BTC in the future.
     
  12. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I bought silver at like $40.

    So I'm going against the grain here :cool:
     
  13. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Is anyone actually selling any BTC by the way?
    Only 1 or 2. You send tonight, I'll do bank transfer tonight - obviously you won't get cash until that goes through.
     
  14. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    You fully out of BTC now RM? :cool:

    Edit: just saw your post :p
     
  15. Aureus

    Aureus Active Member Silver Stacker

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    You know a lot of the earlier adopters of bitcoin were and are also PMs holders right?
    Stop acting like stackers are somehow less able to figure things out, makes you look stupid. The reality is a PM holder is more inclined to want bitcoins than anyone.
     
  16. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    roman, let me know when you buy :p
     
  17. Load of Bullion

    Load of Bullion Well-Known Member

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    "Pyramid sceme" - It is bullish for Bitcoin that not even Schiff understands it. Look at a long term Bitcoin chart. There are plenty of "Bitcoin bubbles". It is a young and volatile currency.

    "it's in a bubble...I have no idea where the top is" - Bravo Peter, join the club.

    Schiff goes on about people getting into Bitcoin later than others and getting profited from by earlier traders ..but how is this any different to buying gold or silver at prices higher than other people did a month before?. If gold is $1800, is Schiff going to advise people to stop buying gold. NO WAY. :lol:
     
  18. Aureus

    Aureus Active Member Silver Stacker

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    What makes you think I like you enough to do that exactly?

    I'm too smart with my money to gamble with a bubble, smart money is not the reason it's surging upwards.

    I'll catch the next wave hopefully.
     
  19. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    Haha. Fully out of BTC. Got some LTC, but wanting the BTC to trade into LTC :D

    I think that's the next run up :)
     
  20. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    Smart money buys the breakout! Up almost 100% so far :D
     

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