11-28-2013, 07:13 PM | #21 |
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Re: Bitcoin $1K 7
Can you elaborate on what you mean by this?
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11-28-2013, 07:18 PM | #22 |
x'); DROP TABLE FFR;--
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Re: Bitcoin $1K 7
"Inherent value" doesn't exist. Things have value if we think they do.
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11-28-2013, 07:22 PM | #23 |
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Re: Bitcoin $1K 7
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11-28-2013, 07:28 PM | #24 |
new hand moves = dab
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Re: Bitcoin $1K 7
the gold standard
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11-28-2013, 09:05 PM | #25 |
Banned
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Re: Bitcoin $1K 7
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11-28-2013, 09:16 PM | #26 |
One-handed elite
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Re: Bitcoin $1K 7
They've gone up 11.5% in 24 freaking hours...
Hyperinflation much? (well actually kinda the reverse, cause it's getting upvalued, not devalued)
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11-28-2013, 09:18 PM | #27 |
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Re: Bitcoin $1K 7
up $200 from yesterday
up $600 from yesterday for me |
11-28-2013, 09:44 PM | #28 |
Nescio quid faciam
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Re: Bitcoin $1K 7
inb4bubblepopbutthurt$150herewecomegogogo
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11-28-2013, 09:47 PM | #29 |
FFR Player
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Re: Bitcoin $1K 7
If anyone has bitcoin around and doesn't cash out soon they are idiots.
This kind of hyperinflation will only end in one way. At the rate its going bitcoin will not be stable for many years to come, meaning it is pointless to use as a form of currency. |
11-28-2013, 09:54 PM | #30 |
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Re: Bitcoin $1K 7
How about we get everyone to sell, so when it drops, I can buy a lot, then everyone can buy them back and inflate things again okay??
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11-28-2013, 09:55 PM | #31 |
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Re: Bitcoin $1K 7
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11-29-2013, 11:16 AM | #32 |
Mrow~
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Re: Bitcoin $1K 7
inb4 LTC
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12-7-2013, 12:48 PM | #33 |
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Re: Bitcoin $1K 7
Boom. It's goin down. Apparently it licked the bottom of $650
So yeah my master plan will be happening pretty soon now
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12-7-2013, 01:10 PM | #34 |
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Re: Bitcoin $1K 7
Bubble popped, Bitcoin value going the way of the 2k0-2k1 market
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12-7-2013, 01:11 PM | #35 |
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Re: Bitcoin $1K 7
I saw that your post was the most recent in this thread and I was like oh great more spambots
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12-7-2013, 05:20 PM | #36 |
Mrow~
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Re: Bitcoin $1K 7
It dropped because China's central bank announced that they will "regulate" bitcoin transactions. Many interpreted this as a flat out ban. While this is true in the sense that direct bankwire to bitcoin transfers are no longer supported, it is very easy still to exchange currency for bitcoin, and the Chinese market is far from dead. I expect things to settle down and climb back up after a few days when people realize shit hasn't truly hit the fan just yet.
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12-7-2013, 09:44 PM | #37 |
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Re: Bitcoin $1K 7
bitcoin's value comes from what people think they can sell it for, making a profit in the meantime. Bitcoin doesn't have any intrinsic value, nor does it have the potential to make money on its own. It isn't a product nor does it make a product with value.
The value it has is purely from what people think its potential value in the future is. this sort of bubble market can't sustain itself in the long run...
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12-8-2013, 04:49 AM | #38 |
Mrow~
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Re: Bitcoin $1K 7
Pop, you do realize that literally every currency has no intrinsic value on its own, right?
A $100 bill is really just a little piece of paper in reality that probably cost less than five cents to make.
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12-8-2013, 04:51 AM | #39 |
Mrow~
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Re: Bitcoin $1K 7
The main differences between Bitcoin and other currencies are that there does not exist a physical form of it, and, most importantly, that there is no bank or government that is under control of it (e.g. they cannot turn on a printing machine to pump more of it into the market).
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12-8-2013, 10:38 AM | #40 | |
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Re: Bitcoin $1K 7
Quote:
what does bitcoin reflect?
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