Bitcoins

Marazan

JohnRo wrote: »

The idea will grow, some say the only bad publicity is no publicity

Bitcoin price is pretty much 1-to-1 correlated with GoogleTrends result for "bitcoin". It's uncanny.

JohnRo

I think it's just a lot of people in china jumped on a get rich bandwagon, drove the price up rapidly and then panic sold when their government started making threatening noises towards btc. There's nothing fundamental about bitcoin itself that has changed or that can change.

mmedia

alansmith7 wrote: »

I was thinking about investing in bitcoin but now i glad i did not invest in bitcoin

Yes, don't invest if you cant afford to lose. Although early today could have been a good time to invest when it was at £300. Its now gained and is back upto £430.

All the Chinese were panic selling.

Duke203

Satoshi wrote: »

Is bitcoin going down with everything else because of the taper?

Didn't the S&P500 & Dow close at record highs today?

blinko

interesting thought, did someone have inside info on a FED taper and dumped bitcoin.

bitcoin is unregulated and all that, the perfect place for insider trading...

pip895

blinko wrote: »

interesting thought, did someone have inside info on a FED taper and dumped bitcoin.

bitcoin is unregulated and all that, the perfect place for insider trading...

The taper surprised very few - the initial reaction of the market might have surprised some.

Satoshi

Litecoin Freefall to .0001

http://www.youtube.com/watch?v=TIhtq_1rrlU

Satoshi

Would any pro bitcoin fanboys debate this guy who hates unbacked crypto

http://www.youtube.com/watch?v=uzMk-voxf9o

[Deleted User]

Satoshi wrote: »

Would any pro bitcoin fanboys debate this guy who hates unbacked crypto

http://www.youtube.com/watch?v=uzMk-voxf9o

He's making fundamental mistakes by conflating completely unrelated points. He's misunderstanding the argument that Bitcoin is bad for "bankers", the point is you can't just print new bitcoins and you can't just lie, Bitcoin is a public ledger... even if "bankers" bought every single bitcoin it wouldn't change the fundamental argument that Bitcoin is bad for anyone that wishes to manipulate the financial market.

I don't necessarily agree with the idea that "bankers" would be afraid of Bitcoin (after all, people are still going to need banks even if we all use bitcoins every day, they're still going to need financin) but the arguments he's making are dumb, for example he didn't even read the JP Morgan patent, it's over a decade old and has no real relevance to Bitcoin, similar technology but implemented in very different ways.

He says that Bitcoin can't succeed because of "structure and math", what does that even mean?

I'm not a pro Bitcoin fanboy (and as I've posted here before I'm not convinced Bitcoin will succeed, as there are very real and difficult challenges) but this is another one of the people shouting about things they don't understand. He could spend his time learning and understanding and then be ready to make real arguments against Bitcoin but nope, he'd rather shout about things that do not matter.

Jegersmart

alansmith7 wrote: »

I was thinking about investing in bitcoin but now i glad i did not invest in bitcoin

Your statement is an extremely short-term one - how long were you planning to invest for? 4 days?

J