BITCOIN as an alternative to regular currency

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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hgodden
Posts: 1759
Joined: Thu Apr 16, 2009 2:13 pm

Euler wrote:I've hijacked the header on this thread to post up useful information
Current BitCoin price

http://ohmyco.in/charts/?utm_content=bu ... ni/BTC-USD

https://www.tradingview.com/chart/?symb ... AMP:BTCUSD

Historic pricing

https://blockchain.info/
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to75ne
Posts: 2182
Joined: Wed Apr 22, 2009 5:37 pm

it all witch craft

proper money would seem to be nothing but binary numbers that only exist inside a machine some where - it as no intrinsic value - based on nothing - all very alice in wunder land

now bit coins which only exist in machines no intrinsic value blah blah blah- all maddness

its all witch craft
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superfrank
Posts: 2710
Joined: Fri Aug 14, 2009 8:28 pm

FIAT currencies are no different - they are also backed by nothing.

my bruv bought some bitcoins a few months ago and they have doubled in "value".

bitcoin is an interesting idea, but i suspect it will turn out to be another ponzi scheme - and even if it doesn't the govt/FED will step in and make them illegal because they won't want others taking a share of their own FIAT ponzi.
Tobedotty
Posts: 68
Joined: Sat Feb 25, 2012 11:15 am

Fell 60% yesterday lol
Zenyatta
Posts: 1132
Joined: Thu Mar 11, 2010 4:17 pm

Bitcoin is a ponzi scheme for nerds. The rate of creation of new bitcoins (calling 'mining') is designed to mimic the old gold currency - that is, it encourages hoarding, which results in destructive busts (and deflation). Like all ponzi schemes, the few who got in early will reap great profits, and everyone else will be relieved of their money when the price crashes.

http://krugman.blogs.nytimes.com/2011/0 ... erfetters/
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Euler
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Trading platforms are springing up now for Bitcoin exchanges

https://rtbtc.com/
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

LOL!
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steven1976
Posts: 1744
Joined: Tue Jan 19, 2010 6:28 am

It looks a bit boiler roomy to me. Is it for real?
60% fall in one day, let me move you over to this next stock sir that will quadruple in 10hrs but to do so the minimum entry is another 200k. Can you handle that?......... wait for it........wait........ silence...... ok
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jimrobo
Posts: 1289
Joined: Wed Mar 25, 2009 12:49 pm

sierra chart have had a bitcoin data feed for a while
martins1115
Posts: 1
Joined: Mon Mar 08, 2010 8:07 pm

I have never really understood the Bitcoin thing but I do play a fair bit of poker and am a regular visitor to the OpenHoldem Forum ( its an open source poker botting platform ) and there is a sub-section of the forum devoted to Bitcoin mining.Personally I don't really understand what they are doing but if any of you are interested take a look.
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