Quote:
Originally Posted by BlackCrayon
i know all about it. i almost bought a bunch when they were 70 a coin but the hoops i had to jump through were too much of a hassle.
bitcoin makes little to no sense as an investment. what are you investing in? as a currency, it makes more sense but when one coin is worth so much you are dealing in fractions constantly which is annoying and off putting to say the least.
in my opinon, something will most likely replace bitcoin somewhere down the line and even if not, the price will average out to be something like 200-500 per coin.
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The only ecurrency I've ever bought I bought because my son kept hounding me to buy it. He had it stored on his phone and like many teens the phone was destroyed not long after. End result is there's 10's of thousands of coins floating around in digital space that can never be recovered. Just like the guy who spent a lot of time digging through the dump trying to find the hard drive where he had shitloads of bitcoin on and many like him.
Quote:
Originally Posted by JerseyPuma
this is all VERY lazy.
it is both a digital currency, which can be currently spent for goods and services at thousands of merchants, both online and brick & mortar. it is also a store of value, like digital gold. it can be used for cross-border settlement at fees a fraction of what it costs to settle with traditional banking. it has value because people value it.
i perceive this to be a prediction based on nothing scientific or real. its just throwing some numbers out there. prove me wrong by showing me what you are basing this range on.
this is the only thing i can lend credence to. its very possible. if it happens, ill be sure to own a healthy amount of whatever that replacement is.
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I own a b&m and have also been doing business on the internet for around 20 years now. There's nothing of any real value that I would accept any digital currency for here. The people I buy from won't accept it. If I sold something a week ago for a bitcoin and charged tax to my customer I can't tell the tax collectors "Sorry your tax money has been reduced because bitcoin lost $1200 since that sale." I also can't take $1200 + eating tax hits either.