BITCOIN as an alternative to regular currency

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seanwilliam1988
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Joined: Tue Feb 18, 2014 1:53 am

Is there anyone here who play bitcoin casino? It’s the same as regular online casino; the only difference here is that you’re using bitcoin. If you aren’t familiar with bitcoin yet, read here: https://betcoin.tm/what-is-bitcoin
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kelpie
Posts: 341
Joined: Sun Dec 30, 2012 12:40 am

seanwilliam1988 wrote:Is there anyone here who play bitcoin casino? It’s the same as regular online casino; the only difference here is that you’re using bitcoin. If you aren’t familiar with bitcoin yet, read here: https://betcoin.tm/what-is-bitcoin
Casinos. Love em - great places to make money :roll:
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

MtGox bitcoin exchange files for bankruptcy

http://www.bbc.co.uk/news/technology-25233230

Can't say I am :o
Zenyatta
Posts: 1143
Joined: Thu Mar 11, 2010 4:17 pm

The average Bitcoin price has remained stubbornly resilient to all the bad news though, stabilized around $US 550 now.
steven1976
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Joined: Tue Jan 19, 2010 6:28 am

This blokes obviously just changed his bitcoins into real money http://www.bangkokpost.com/breakingnews ... 0000-bills
Zenyatta
Posts: 1143
Joined: Thu Mar 11, 2010 4:17 pm

Price rebounding strongly! $US 650 and rising. It does really look like Bitcoins are here to stay for the long-term and the price probably won't collapse to zero any time soon.

http://www.forbes.com/sites/coindesk/20 ... -stronger/
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gazuty
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Joined: Sun Jun 26, 2011 11:03 am

Zenyatta wrote:Price rebounding strongly! $US 650 and rising. It does really look like Bitcoins are here to stay for the long-term and the price probably won't collapse to zero any time soon.

http://www.forbes.com/sites/coindesk/20 ... -stronger/

I'm sticking with my life expectancy for Bitcoins posted earlier.
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Euler
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Joined: Wed Nov 10, 2010 1:39 pm

Start shorting them in time for the next scandal to break!
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Euler
Posts: 26354
Joined: Wed Nov 10, 2010 1:39 pm

Bit coin is the 'wild west' of currency it seems

Bitcoin bank closes down after $600,000 hacker theft

http://www.bbc.co.uk/news/business-26446142
andyfuller
Posts: 4619
Joined: Wed Mar 25, 2009 12:23 pm

The article is getting a lot of stick:

The Face Behind Bitcoin

http://mag.newsweek.com/2014/03/14/bitc ... amoto.html
Zenyatta
Posts: 1143
Joined: Thu Mar 11, 2010 4:17 pm

andyfuller wrote:The article is getting a lot of stick:

The Face Behind Bitcoin

http://mag.newsweek.com/2014/03/14/bitc ... amoto.html
I would take the article with a grain of salt. This is Newsweek after all. It's possible that this is the real creator of Bitcoin but I don't find it at all convincing. Much more likely, the name 'Satoshi Nakomoto' is just a nom de plume ( it is the equivalent of 'John Smith' in Japan)
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Euler
Posts: 26354
Joined: Wed Nov 10, 2010 1:39 pm

If anything Bitcoin has been very entertaining. There is probably more money made talking about it and seeing things related to it than itself.

'I have nothing to do with Bitcoin' - Dorian S Nakamoto

http://www.bbc.co.uk/news/business-26480464
Zenyatta
Posts: 1143
Joined: Thu Mar 11, 2010 4:17 pm

Charts show a fairly sustained one-way downward trend over the last 3 months. The price of Bitcoins is now down below $US 400.

It looks like the bears were right...the thinking is the price is going to crash to some floor that is below $US 100 and not rise again:

http://winkdex.com/#/

Now that the hype has worn off, Bitcoins are just seen as a particular type of digital payment system, and the price is moving towards its 'fair value' (i.e. $US 100 or less).
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Euler
Posts: 26354
Joined: Wed Nov 10, 2010 1:39 pm

You read my mind was going to post up on this yesterday. Bet you lots didn't sell at the top. Just human nature.
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gazuty
Posts: 2556
Joined: Sun Jun 26, 2011 11:03 am

Anyone who followed this thread should have made a bucketload shorting.
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