Bitcoin is alive and well.

Thu Aug 16, 2012 2:28 pm » by **TheDuck**

Hey Jag.

Basically I think Bitcoin will be here for a good while yet and if it falls, it will rise again, its only a matter of time.

Mon Aug 20, 2012 8:36 am » by **Iwanci**

My two bits worth...

If it can 'deflate', it means it can inflate. This rise and fall is NO different to our current system.

If there is a maximum ceiling on bitcoin currency, this will have 2 likely effects. It will either be 'fadical' (my word don't bother looking it up), ie, it will come and go, or it will make people either want to put money in or take money out... Yet again, fluctuations in the currency are NO different to the current system.

When I think bitcoin, I think pyramid... sorry... but give it some time and many a folk are gonna get buined (yet another word I just made up), basically theyu will get burned or ruined... hence buined.

The ones who join a bitcoin system first will likely get in a la cheap, the currency will appreciate (much to the delight of the early settlers), they will thn likely pull out, leaving a whole heap of bunnies stuck in the headlights..... yet again No different to the current system.

So my conclusion... No different so why bother making some new wanna be rich guy a rich guy?

Mon Aug 20, 2012 12:28 pm » by **TheDuck**

A maximum cealing just means each coin will have more value. I think 21 million is the maximum but I could be wrong, it may not be here forever but it will be here for a few years yet imo.

What do you mean when you say "The ones who join a bitcoin system".

There is no joining, if you need to buy something with BTC then just exchange whatever you need like you would if you were going abroad.

If you're talking about people playing the market like you would with stocks, well that is a gamble and is their own fault if they get buined (yeah I used it lol) its not inherently BTC's fault. It is just a cryptocurrency and it is what you make it.

I use it as a means to an end, I like that fact that if used right it can be quite untracable.

:flop:

Fri Nov 16, 2012 2:12 pm » by **Aragajag**

This is huge news and backing for the economy. The reward halves from 50 coins a block to 25 in the next few weeks, that will be interesting to see how the price fluctuates with how viral the good news is spreading.

http://en.blog.wordpress.com/2012/11/15 ... y-bitcoin/

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Fri Nov 16, 2012 3:50 pm » by **TheDuck**

Will be keeping an eye on the btc price then Jag.

Fri Nov 16, 2012 4:14 pm » by **Aragajag**

Its already jumped 60 cents since the news, interesting times ahead now one big sheep has jumped in. I am trying to find a list of companies that are customers already of them and it is damn huge. If your sitting on the sidelines and can buy even a few at the moment, I reckon in a few years they will be worth mega loads.

Fri Nov 16, 2012 4:33 pm » by **TheDuck**

Aragajag wrote:Its already jumped 60 cents since the news, interesting times ahead now one big sheep has jumped in. I am trying to find a list of companies that are customers already of them and it is damn huge. If your sitting on the sidelines and can buy even a few at the moment, I reckon in a few years they will be worth mega loads.

Yeah I really wish I had the capital...

Fri Nov 16, 2012 4:43 pm » by **Malogg**

Greedy fecking wee slaves ahahaha money of any kind is enslavement . Period .

:wink:

Fri Nov 30, 2012 1:39 pm » by **Aragajag**

Malogg wrote:Greedy fecking wee slaves ahahaha money of any kind is enslavement . Period .

If I get rewarded for being an early uptaker of this technology that is without morals and totaly driven by market forces, maybe I might be in a better position to make others lives a bit better.

BTW the block reward has halved without indecent and the transactions are flowing as they ever were.
Its funny after two years of me being committed to my financial backing to how the media are turning around on it now starting to take things a bit more serious that it has not failed.

Fri Dec 14, 2012 9:39 am » by **Aragajag**

Well wiki seems to think that it is not worth putting up on their page but I can tell you I can sell my BTC for far more value than any other currency at the moment, the pic was taken from another site where someone decided truth is better.

http://en.wikipedia.org/wiki/Highest-va ... rency_unit

Right now I can get approx $13.75 USD or equivalent to any other money per BTC. Not bad hey, doubled my investment now and the future is only looking better with all the new services and business coming on board but not here at DTV lol, shit even the site has not had a look at using it for donations. Bit of backwards thinking for all the the forward looking people here. I know I am not the smartest tool in the shed but I thought a few here would be all over this ground breaking humanity freeing tech.

You can lead a horse to water but you cant make it drink even if the water is sweet enough.