Official CryptoCurrency Thread (Bitcoin, Litecoin, Ethereum & More)

heisenburrr

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you idiots are hilarious.

every person with half a brain has now realized Bitcoin is going to change the world.

for christ sakes you have people like Blythe Masters (ex-JP Morgan, John Reed (ex-CEO Citibank), Lawrence Summers, Dee Hock (founder of Visa), Arthur Levitt (former SEC), Sheila Bair (former FDIC chairman) actively advising and sitting on Bitcoin companies' boards of directors, some CEOs.

the NYSE, Goldman Sachs and other international banks are invested in Bitcoin companies and publicly leading Bitcoin-related pilot projects.

Qualcomm and Intel have both been reported to be working on Bitcoin mining chips.

And then there is Greece... Where people right now can't access their money and are slowly starting to realize they were never really in control of that money.

Just stop playing the smart asses on the internet and open your fukking eyes while there is still time.
 

heisenburrr

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http://finance.yahoo.com/q;_ylt=Aj_...b2&fr=uh3_finance_vert_gs&type=2button&s=gbtc

volume is pathetic but at least you don't have to go through these shytty exchanges that might disappear with your money. question is how closely does it actually mirror the price of bitcoin.

There is also an ETF trading on the swedish NASDAQ with pretty good volume.

Also, there are now numerous reliable exchange and in any case you should not keep your bitcoins on exchanges unless you are trading.
 

Hardest Since MC Ren

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The catch-22 is people buy Bitcoins because they think the price will go to infinity and beyond once everybody uses them, but they don't spend their own Bitcoins because they think the price will go to infinity and beyond once everybody else uses them. And so nobody uses them. But if nobody uses them, then the price will stay stuck at something a lot less than infinity let alone beyond.
:ohhh:
 

Drones

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Once SR went down there weren't many reasons to use Bitcoins as an exchange of currency. IMO The only way Bitcoin gets back to those 2013 levels of $1000+ is if something else pops up that provides people incentive to exchange them for a good or service.
 

heisenburrr

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Once SR went down there weren't many reasons to use Bitcoins as an exchange of currency. IMO The only way Bitcoin gets back to those 2013 levels of $1000+ is if something else pops up that provides people incentive to exchange them for a good or service.

Perhaps you both would like to get acquainted with the concept of store of value.

https://en.wikipedia.org/wiki/Store_of_value

An asset doesn't have to be "used" to hold value.

Moreover, you do realize that there are now at least a couple darknet markets probably 10x bigger than SR ever was?
 
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