I still think the US or the IMF or a combination will collude to regulate bitcoin to the point where no one wants anything to do with it and therefore kill it. Banksters hate competition. I bought and flipped bitcoin for a 100% profit over the space of week. I had a taste, made a tidy profit and got out and most likely won't buy back in even if there is a correction. It just doesn't sit well with me
Part of me thinks this is the main reason it wasn't silver and gold. Because the price is judged off the paper not the physical and people don't have faith in the paper. Where as bitcoins value is directly judged by a set amount of bitcoins so its much harder to manipulate. Still possible just harder. So its taking value. Bitcoin has some wild cards like legal regulation and the fact some one may crack the cryptography in the future with future tech as well as the obvious mania and panic bubble stuff situation. Also the potential for competing digital currencys to come up.
I agree its gambling yes. But I will say the odds in bitcoin are much better. It may burn tomorrow or it could go up more. But its odd are much better than trying to bet in a casino. If 100 people walked into a casino in jan 2012 and spent $100 on the roulette and kept and compare that to 100 people buying bitcoins and selling today. Very different out comes. Gambling yes but the odds are much more workable than a lotto ticket.
I'm not jealous at all of an electronic ponzi-like scheme. Just like in the paper markets, there will be plenty of people who will learn a very hard lesson I think. .
That's how it should work although from my experience of a super jackpot win at skycity they will do WHATEVER it takes not to pay you out.
Just a bit pissed @ myself because I lost lost mine through various avenues... If i may start yelling... IF YOU ARE A BIT INTERESTED IN BITCOIN, FOR THE LOVE OF GOD DO AMPLE AMOUNT OF REASEARCH, BACK UP YOUR WALLET, BACKUP YOUR BACKUP. USE TWO FACTOR AUTHENTICATION, AVOID DODGY EXCHANGES, AVOID DODGY PEOPLE WITHOUT ESCROW. FOR FUCKS SAKE LEARN FROM OTHER PEOPLES MISTAKES! Its digital, and can be gone in an instant if your not careful. END RANT. Seriously though, for the people making massive amounts of money...good on ya For all the dirtbags who entered the fray, well youve made plenty as well, just not in a way that I would be proud of... but thats neither here nor there.
It is interesting that things that have no intrinsic value are blowing massive bubbles and things with intrinsic value like PM, oil, sugar etc are being dumped. Danger Will Robinson!!!
Do you think All the excitement in the digital markets over the last 36 or so hours is whats pushed silver down that little bit more? People cashing out.
Hell no - I wish everybody the best of luck I just don't get it, that's all If that means I've made the wrong call not getting into bitcoins, so be it Won't be the first or last time I make a bad decision or miss an opportunity
True. There will always be opportunities in life, it's up to the individual to take them. Bitcoin is just a more tech oriented subject so it's not suited to everyone's temperament. People who say it has no value aren't lieing, it really does have no value to them, whereas a computer geek understands the properties that bitcoin possesses & gives it some kind of real worth.
You mean for the short term you can trade in these yes - do they have value in 12 months ? or 2 years - you tell me. If the answer is (dont know) then when do you get out. There will come a time (soon in my opinion) when the owners of these paper derivatives head for the exit ? You don't want to be trampled?
Congratz to those that have bought in (and got out while in profit), I sat on the sidelines all the time since the beginning of this year. It will be interesting to see how high this wave can go. Just some food for thought, if the internet dies or somehow we lose electricity (can the e-currency still function). No one in their mind will be even able to work out a SHA256 hash in their head efficiently, let alone multi-zillions of times. But then our credit cards and debit cards aren't that good either in an event of a computer shutdown. I wonder if AU / AG will behave like this one day in the future. Slam
I am jealous but truthfully, I would have never had the balls to pull the trigger so I don't regret it.
Don't be jealous as 98% of those in bitcoin will lose they money. As greed comes into the market they hold on waiting for higher prices and suddenly "puff" it's all gone.
