I found this interesting:
http://online.wsj.com/news/articles/SB10001424052702303789604579196171277465460
/johnny
But it’s a scam, a ponzu, what happens if the lights go out, what about a EMP, it can be hacked, only drug dealers use it, the government will stop it, tax it, outlaw it.
Did I get them all?
Oh, by the way, someone investing in it a month ago—and who has been prudently paring their holdings has just about doubled their money.
As long as you keep emotions in check, why not make some money.
Why should bitcoins be equal to 7,000 ounces of gold? Cheerleader articles like this, plus a rise from $5.00 for early investors to $500 now has all the makings of a bubble. I’ll buy Tulips instead
I’m wondering if Zero Hedge is where Bitcoin was born. It’s all they talk about lately.
last week they were $319...damn! - Missed another opportunity...should have bought like $500 worth in 2009!
I'm dealing with the estate of a family member, who was into bitcoins. I can see where he bought a bunch at $20. When I first started watching, they were at about $100 each. Now? Mt Gox "Weighted Avg:$499.60693"
I get a kick out of people who trash the dollar (and the Fed) while defending bitcoin. The dollar has a native constituency of 300 million and the largest military the world has ever seen. Bitcoin is the Ponzi hobby of people who can’t find a way to earn dollars.
Please don’t flame away but I haven’t a clue as to what Bitcoin is. Can someone in a few sentences explain what it factually is, without an opinion of whether it is good or bad?? THANKS!