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Old 02-25-2014, 08:59 AM  
edgeprod
Permanently Gone
 
Industry Role:
Join Date: Mar 2004
Posts: 10,019
Quote:
Originally Posted by NEW XTC View Post
"Since Bitcoins fluctuate in price, that's what going to jam MTGOX up. They started out selling Bitcoins at just a few pennies. Lately Bitcoins have been over $100. It's difficult to sell a product for a few dollars and buy it back for hundreds. That's impossible. Only way they can stay afloat is to constantly bring in new customers paying ever increasing prices.
Normally that business model is called a Ponzi scheme."

wow you are one uninformed motherfucker Sunny Day - its an exchange - other customers buy and sell to each other...jesus christ...do you wear a helmet when you walk in the park?
Holy shit, this rocket scientist just found a flaw in the stock market! Take your money out before it's too late!
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