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1 posted on 03/02/2017 11:08:41 PM PST by aquila48
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To: aquila48

Good for those who held them, but they’re braver than I am.


2 posted on 03/02/2017 11:13:37 PM PST by DoughtyOne (NeverTrump, a movement that was revealed to be a movement. Thank heaven we flushed!)
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To: aquila48

Screw thatis. ‘Worth’ according to who or what? Can a person physically hold a ‘bitcoin’ in their hand? Yes or no? Case closed.


3 posted on 03/02/2017 11:15:47 PM PST by bobby.223 (Retired up in the snowy mountains of the American Redoubt and it's a great life!)
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To: aquila48
Bitcoins are set up to be harder and harder to "mine". I believe that a huge percentage of the bitcoins that will ever be mined have already been mined.

And now they're only worth $20 billion which is a drop in the bucket of the amount of wealth generated worldwide every year.

How are they supposed to become any sort of replacement for currency, precious metals, etc.?

4 posted on 03/02/2017 11:22:09 PM PST by who_would_fardels_bear
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To: aquila48
As of press time, one Bitcoin was worth $1,273 according to CoinDesk's Bitcoin Price Index, and an ounce of gold was worth $1,244, according to precious metals retailer APMEX.

Twelve hundred and forty four bucks is worth an ounce of gold too. Plus, they feel better in my hand than a bitcoin does, and they're real handy when I'm out shopping or something.

5 posted on 03/02/2017 11:22:49 PM PST by Cementjungle
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To: aquila48

What are you going to get with your Bitcoin after an EMP attack?


6 posted on 03/02/2017 11:27:54 PM PST by CivilWarBrewing (Feminism DESTROYED females)
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To: aquila48

should be illegal since most of it is intended to bypass currency rules. worthless.


12 posted on 03/03/2017 12:12:01 AM PST by Reno89519 (Drain the Swamp is not party specific. Lyn' Ted is still a liar, Good riddance to him.)
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To: aquila48

Three words:

Tulip futures.


13 posted on 03/03/2017 12:55:18 AM PST by Graybeard58 (Bill and Hillary Clinton are the penicillin-resistant syphilis of our political system.)
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To: aquila48
Congratulations to everyone who made a profit.

Unfortunately, you have to value or convert your bitcoins into US Dollars before you can usefully spend or invest your profits!

By the way, has anyone figured out who stole 770,000 bitcoins ($980 million!) from the Tokyo and Hong Kong exchanges?

Anonymity is a great business partner - until your money disappears.

15 posted on 03/03/2017 1:14:46 AM PST by zeestephen
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To: aquila48

I woukdnt give you my Oz of gold for your 1 bitcoin - so is it really?


19 posted on 03/03/2017 1:48:18 AM PST by major-pelham
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To: aquila48
The U.S. Treasury calls bitcoin a "decentralized virtual currency."

That's all I need to know. A bitcoin is nothing. It's ones and zeros. It's not for nothing people worry it's a Ponzi scheme.

26 posted on 03/03/2017 2:33:15 AM PST by LibWhacker
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To: aquila48; All
BUY GOLD!
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BUY GOLD!

Talk Radio ads, every day, all day

27 posted on 03/03/2017 3:39:41 AM PST by Hardastarboard (Freedom Trumps Fascism)
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To: aquila48

So, let me make sure I understand this correctly.

Now, absolutely nothing is worth more than an ounce of something (in this case gold).

I am confused.


34 posted on 03/03/2017 4:48:57 AM PST by Larry - Moe and Curly (Loose lips sink ships.)
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To: aquila48

Good time to sell. REALLY bad time to buy.


36 posted on 03/03/2017 4:58:29 AM PST by Mr. Douglas (Best. Election. EVER!)
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To: aquila48

So if I had put $10k in bitcoin in 2013 I could sell them today for $650k. I hope some folks got rich doing this, wish I would have. I wanted to, but it seemed risky.


43 posted on 03/03/2017 5:24:07 AM PST by LambSlave
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To: aquila48

Bunch of nonsense. They are worth nothing.
This is the South Sea bubble/ Tulip mania of
our time.


60 posted on 03/03/2017 9:45:07 AM PST by tet68 ( " We would not die in that man's company, that fears his fellowship to die with us...." Henry V.)
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To: aquila48

So how do you store these bitcoins, and how do you spend them? Can I use bitcoins to buy a 6-pack at the local quicky-mart?


74 posted on 03/04/2017 7:53:46 AM PST by meyer (The Constitution says what it says, and it doesn't say what it doesn't say.)
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