Because of the crackdown of the price as it ha fallen and about the banning of bitcoin exchanges in other countries, so I'm afraid I might take a loss on my #bitcoin.
I am not comparing #bitcoin to post-its per-se. I'm just pointing that things have value if people are willing to pay for it. What was originally dismissed as worthless, went on to be worth a fortune. Many thought bitcoins would be worthless, but those who bought early and kept them this long could also make a fortune.
On the otherhand, should there be a major hack, or a government crackdown, or proof of an intentional scam as you fear, bitcoin could instantly become worthless.
@[Gary Anderson](user:4798), I agree with you on #bitcoin, but I would disagree slightly. Something has value if people deem it to have value. Sometimes an irrational craze surrounds some item. Just like people once spent a fortune on Ty beanie babies or garbage pail kids, or countless other worthless items, that same craze now surrounds bitcoin.
If people became crazed about fools gold, that would become valuable too.
Actually, if the person has the funds, investing that much in #bitcoin is a sure thing. Whomever it was likely knew that the very act of buying that much caused bitcoin to double in value. He could get in and get out and double his money virtually overnight
Was #bitcoin the first ever #cryptocurrency? How many #cryptocurrencies are there now? And what is the difference (if any) between digital currency and cryptocurrency?
Was #bitcoin the first ever #cryptocurrency? How many #cryptocurrencies are there now? And what is the difference (if any) between digital currency and cryptocurrency?
Why Payment Processing Is An Industry To Invest In
Yes, like #BITCOIN $BITCOMP $BTC
Why Payment Processing Is An Industry To Invest In
What about #crypto payment options? Like #bitcoin $BITCOMP
Bitcoin Resistance Too Much - $5,500 Is Imminent
Don't give up on #bitcoin yet. There will be more ups and downs but will eventually settle on the high end.
Bitcoin Resistance Too Much - $5,500 Is Imminent
Because of the crackdown of the price as it ha fallen and about the banning of bitcoin exchanges in other countries, so I'm afraid I might take a loss on my #bitcoin.
Gold Breakout Still Elusive
Wait till #bitcoin crashes. Then #gold will skyrocket!
XRP Lower Despite Ripple's Announcement Of New Partnerships Across Emerging Markets
Personally I find #ripple to be one of the more interesting of the #cryptos and a bargain compared to #bitcoin.
An Objective Look at Bitcoin; What No One is Giving
I am not comparing #bitcoin to post-its per-se. I'm just pointing that things have value if people are willing to pay for it. What was originally dismissed as worthless, went on to be worth a fortune. Many thought bitcoins would be worthless, but those who bought early and kept them this long could also make a fortune.
On the otherhand, should there be a major hack, or a government crackdown, or proof of an intentional scam as you fear, bitcoin could instantly become worthless.
An Objective Look at Bitcoin; What No One is Giving
@[Gary Anderson](user:4798), I agree with you on #bitcoin, but I would disagree slightly. Something has value if people deem it to have value. Sometimes an irrational craze surrounds some item. Just like people once spent a fortune on Ty beanie babies or garbage pail kids, or countless other worthless items, that same craze now surrounds bitcoin.
If people became crazed about fools gold, that would become valuable too.
An Objective Look at Bitcoin; What No One is Giving
You make a good point. Everyone keeps judging bitcoin my traditional standards. But #bitcoin IS distruptive. New rules should come with the new game.
An Objective Look at Bitcoin; What No One is Giving
@[Nathan Feifel](user:56139), Arizona is now letting people pay their taxes with #bitcoin???
Cryptocurrencies Review
Are there any #cryptocurrencies worth following other than #Bitcoin ($BITCOMP), #Ripple ($XRP-X), #Ethereum ($ETH-X) and #Litecoin ($LTC-X)?
Bitcoin $344 Million Buyer & Technical Analysis
Actually, if the person has the funds, investing that much in #bitcoin is a sure thing. Whomever it was likely knew that the very act of buying that much caused bitcoin to double in value. He could get in and get out and double his money virtually overnight
Bitcoin $344 Million Buyer & Technical Analysis
I find it shocking that some one would invest $344 million worth of #bitcoin. Is that source reliable? How would that information even be known?
Why Bitcoin Is Not A 'Fraud' Or 'Bubble', But Something You Should Take Seriously
Nice comments Tom. You might like an interesting article I just read by @[Nathan Feifel](user:56139) on whether #Bitcoin was a #ponzi scheme or not: www.talkmarkets.com/.../an-objective-look-at-bitcoin-what-no-one-is-giving
Bitcoin Bubble Warning Follow-Up
Was #bitcoin the first ever #cryptocurrency? How many #cryptocurrencies are there now? And what is the difference (if any) between digital currency and cryptocurrency?
An Objective Look at Bitcoin; What No One is Giving
Was #bitcoin the first ever #cryptocurrency? How many #cryptocurrencies are there now? And what is the difference (if any) between digital currency and cryptocurrency?