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Old 12-07-2017, 08:07 PM
 
Location: In The Thin Air
12,253 posts, read 8,038,289 times
Reputation: 8906

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Quote:
Originally Posted by tripleh View Post
$17,895.80 USD (24.10%)

if that is dead, i want more dead.
Looks like it has made a comeback. It started fading not too long ago. A few years back I was looking at buying into it but I got cold feet.

Do you have a source for your figures?

Here is an article from 2016 talking about Bitcoin's possible demise.

https://motherboard.vice.com/en_us/a...lock-size-fees
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Old 12-07-2017, 08:07 PM
 
Location: Pacific NW
9,442 posts, read 5,792,195 times
Reputation: 7893
Quote:
Originally Posted by neko_mimi View Post
So rather than giving people the option to use it, just ban everyone from using it?
That's the liberal way.
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Old 12-07-2017, 08:14 PM
 
Location: In The Thin Air
12,253 posts, read 8,038,289 times
Reputation: 8906
Here are some more experts and rich dudes that say no to Bitcoin.

https://www.cnbc.com/2017/12/07/shou...stors-say.html
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Old 12-07-2017, 08:17 PM
Status: "Nevertheless, America's baseball team -- Roar, Tigers, ROAR!" (set 27 days ago)
 
Location: Nescopeck, Penna. (birthplace)
12,313 posts, read 7,458,312 times
Reputation: 15892
If Bitcoin is a reliable store of value, (as is the case with, for example, precious metals) it can serve a useful function. What threat does it pose to those ranting against it, and why?
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Old 12-07-2017, 08:20 PM
 
2,223 posts, read 921,808 times
Reputation: 1723
Quote:
Originally Posted by Timmyy View Post
Bitcoin is pretty much dead right now.
current price:

17350.01 US Dollar
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Old 12-07-2017, 08:23 PM
 
2,223 posts, read 921,808 times
Reputation: 1723
Quote:
Originally Posted by Clarallel View Post
Perhaps it should be outlawed, but it's untrue to say it has no social function.

Yeah, currencies aren't supposed to undergo rapid fluctuations. Tell that to Venezuela.
And Argentina, and Zimbabwe, etc.

Bitcoin has really taken hold in the developing world as a reliable store of value.
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Old 12-07-2017, 08:26 PM
 
Location: SGV
24,647 posts, read 9,576,530 times
Reputation: 9691
Quote:
Originally Posted by knowledgeiskey View Post
He's talking sense. Bitcoin has no utility other than being a digital credit. Forget about it being a currency. Currencies are not supposed to undergo rapid fluctuations.

https://youtu.be/fy16eIEux7U
He's talking about banning consensual exchanges at gunpoint.

Talking sense? I'd say he's talking like a psychotic a-blank.
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Old 12-07-2017, 08:31 PM
 
Location: In The Thin Air
12,253 posts, read 8,038,289 times
Reputation: 8906
Quote:
Originally Posted by Tritone View Post
current price:

17350.01 US Dollar
You obviously didn't read through the thread.
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Old 12-07-2017, 08:36 PM
 
Location: Canada
5,876 posts, read 2,365,810 times
Reputation: 5326
Quote:
Originally Posted by Tritone View Post
And Argentina, and Zimbabwe, etc.

Bitcoin has really taken hold in the developing world as a reliable store of value.
BASED on WHAT?? It's been nothing but a decade long campaign to justify it' "VALUE" and it's more thsn possible given"Political" circumstances, that those with tens of thousands to invest find it more than likely to profit with some Bitcoin versus one's Country's possibility of gains!! Kind of screams totally against what's being peddled by POTUS and so called Corporate Tax PAYOFF ( whoops mean Corporate Tax Relief) that is so Suffering due to regulations and high tax rate...

Guess it's true.. No Government will OUTLAW Stupidity.. especially those who want to invest in something that lacks at least a backing!!! Yikes!! Money does equate to Brain Cells?? Some want easy money, ( like gamblers) But the roll of the dice ends badly most the time!!
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Old 12-07-2017, 08:44 PM
 
2,223 posts, read 921,808 times
Reputation: 1723
Quote:
Originally Posted by Lyndarn View Post
BASED on WHAT??
Countries like Argentina, Venezuela, Zimbabwe, etc have useless national currencies that have been inflated to the point that they have no value. They have seen multiple fiat currencies come and go in their lifetimes.

The have flocked to Bitcoin as a reliable alternative because of the fact that it can't be inflated - there is a finite about of Bitcoin and it can't be manipulated by the government.



Quote:
especially those who want to invest in something that lacks at least a backing!!! Yikes!! Money does equate to Brain Cells??
No currency has a backing. Dollars don't, and yet you believe that they have value.
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