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What’s the worst performing currency of 2014? It’s Bitcoin
FoxNews.com ^
| December 30, 2014
| Mike Flacy
Posted on 12/30/2014 6:54:17 PM PST by Mad Dawgg
click here to read article
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but, but, but.... Bitcoin is unstoppable because it has the Algorithm.®...??? [/bitcoin fanboy mode]
1
posted on
12/30/2014 6:54:17 PM PST
by
Mad Dawgg
To: Mad Dawgg
The feral government can’t devalue Bitcoin like they are going to do with the dollar one of these days.
2
posted on
12/30/2014 6:55:33 PM PST
by
E. Pluribus Unum
(Black lies matter. 'White privilege' is dog-whistle for 'kill white people.')
To: Mad Dawgg
Gold dropped $1900 to $1200 in two years. Stay away from gold & silver to.
3
posted on
12/30/2014 6:56:37 PM PST
by
IDFbunny
To: Mad Dawgg
4
posted on
12/30/2014 6:58:46 PM PST
by
867V309
(Boehner is the new Pelosi)
To: Mad Dawgg
Well, hooray for virtual, nonexistent nerdmoney. Have fun with that.
5
posted on
12/30/2014 7:01:10 PM PST
by
jespasinthru
(Proud member of the Vast, Right-Wing Conspiracy)
To: Mad Dawgg
Must have been the Bitcoin Bowl.
6
posted on
12/30/2014 7:01:32 PM PST
by
Yo-Yo
(Is the /sarc tag really necessary?)
To: 867V309
I thought it was Mt. “Ohshitwheremybitcoinsgo”
7
posted on
12/30/2014 7:05:31 PM PST
by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: Mad Dawgg; TsonicTsunami08
Hey Tsonic,
Time to pay up on that wager you made on 12/29/13:
http://www.freerepublic.com/focus/f-news/3106204/posts
“Care to make a wager on this assertion? I say Bitcoin doubles in that time frame. Mt. Gox always quotes the highest price @ $ 743.10 right now! That means $1486.20 June 1, 2014.
You wanna give it a shot ?”
Bitcoin is a Tsunami, there is no stopping it now!
8
posted on
12/30/2014 7:05:46 PM PST
by
Kirkwood
(Zombie Hunter)
To: Mad Dawgg
"Hey, Buddy, can you spare a dime?"
"Ah! My good man! I'd ... ahhhh ... I'd like to help you, but ... ahhhh ... all my money is tied up in currency." -- WC Fields
9
posted on
12/30/2014 7:07:09 PM PST
by
ClearCase_guy
(Democrats have a lynch mob mentality. They always have.)
To: Mad Dawgg
Bitcoin didn't stop and works just fine. The algorithm hasn't been broken after 6 years and people still trust it completely.
"Worst performing" is misleading here due to the novelty, speculation and media bubble perfect storm that occurred in late 2013. You can't compare it to national currencies.
Is it a currency you should store long term? No. Is it useful as an intermediate currency for digital transactions where privacy is needed? Absolutely
10
posted on
12/30/2014 7:10:09 PM PST
by
varyouga
To: Mad Dawgg
11
posted on
12/30/2014 7:17:04 PM PST
by
nathanbedford
("Attack, repeat, attack!" Bull Halsey)
To: varyouga
"The algorithm hasn't been broken after 6 years and people still trust it completely." Then people who trusted Bitcoins sold them and traded for dollars or other fiat currency because....?
12
posted on
12/30/2014 7:17:26 PM PST
by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: IDFbunny
$1,000 worth of gold purchased in 2000 iss worth $3,600 today. Just sayin’. It’s not a short term investment but long term insurance.
13
posted on
12/30/2014 7:19:04 PM PST
by
Eagles6
(Valley Forge Redux. If not now, when? If not here, where? If not us then who?)
To: Eagles6
Obviously, angry white males have something to do with this...
14
posted on
12/30/2014 7:21:12 PM PST
by
JmyBryan
To: Kirkwood; TsonicTsunami08
I don’t think you’ll get an answer.
He’s most likely in a desperate frenzy covering “call” options on crude oil.
15
posted on
12/30/2014 7:31:00 PM PST
by
shibumi
("Walk through the fire - Fly through the smoke")
To: Eagles6
I agree. That’s why a down leg won’t scare me out of my gold. Same as Bitcoin.
16
posted on
12/30/2014 7:39:13 PM PST
by
IDFbunny
To: Mad Dawgg
After the bubble stopped growing, people using bitcoin as an investment got out and bought other investments. Probably not fiat currency.
As long as it is secure and somewhat anonymous, people will continue to use it. There are really no other digital options these days. Even cash is being highly scrutinized now
17
posted on
12/30/2014 7:40:44 PM PST
by
varyouga
To: varyouga
What if the grid goes down and stays down for a while? Like natural disasters, terrorism, widespread insurrection, nuclear war, zombie epidemic, alien invasion, pick your favorite catastrophe. What good are your bitcoins then? They’d be more useless than paper money, which would at least be valuable as toilet paper in any one of the aforementioned scenarios.
18
posted on
12/30/2014 7:48:07 PM PST
by
jespasinthru
(Proud member of the Vast, Right-Wing Conspiracy)
To: varyouga
"After the bubble stopped growing, people using bitcoin as an investment got out and bought other investments." So they "lost confidence" in Bitcoin's value and sold?
19
posted on
12/30/2014 7:51:54 PM PST
by
Mad Dawgg
(If you're going to deny my 1st Amendment rights then I must proceed to the 2nd one...)
To: IDFbunny
Gold and silver have a 5,000 yr history of value. If the Internet or electronic banking system go kaflooie good luck buying a gallon of gas with your bitcoin.
20
posted on
12/30/2014 8:00:54 PM PST
by
Eagles6
(Valley Forge Redux. If not now, when? If not here, where? If not us then who?)
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