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-   -   Why is Bitcoin dropping? (https://gfy.com/showthread.php?t=1112470)

dyna mo 06-14-2013 09:36 AM
it's important to realize a government issued cryptocurrency will happen.

it won't be bitcoin, which is simply an experiment that is proving the validity of the concept. and btc will ultimately come to an end. that's not a failure, that's a fantastic success story. it already is imo.

but it's silly to have a digital 21st century economy based on paper money. transactions don't happen with cash changing hands anymore. transactions are digital blips on a network.

why wouldn't you want digital currency on a digital networK?

helterskelter808 06-14-2013 10:00 AM
Can somebody please address the "$30" remark and tell me if Bitcoins are around $100 now? Thanks.

AllAboutCams 06-14-2013 10:02 AM
Bitcoin is at $101 on btc-e.com

Harmon 06-14-2013 10:05 AM
Quote:
Originally Posted by dyna mo (Post 19670353)
it's important to realize a government issued cryptocurrency will happen.

it won't be bitcoin, which is simply an experiment that is proving the validity of the concept. and btc will ultimately come to an end. that's not a failure, that's a fantastic success story. it already is imo.

but it's silly to have a digital 21st century economy based on paper money. transactions don't happen with cash changing hands anymore. transactions are digital blips on a network.

why wouldn't you want digital currency on a digital networK?
Your posts are always good. That being said, people want to see something and it's not a balance on a computer monitor. Don't get me wrong, a balance on a computer monitor looks great, but when you are dealing with actual money you are coddled to know that you can run right down to the bank and stack that shit up and stare at it. It's a warm &fuzzy thing.

In today's day and age, yes, people still want to see what it is that they have. 20 or 30 years from now it may not make a difference. We live now.

Webmaster Advertising 06-14-2013 10:10 AM
Quote:
Originally Posted by dyna mo (Post 19670353)
it's important to realize a government issued cryptocurrency will happen.
It already is happening... Canada have started to develop such a currency, Google it...

Serge Litehead 06-14-2013 10:39 AM
hehe bitcoin keeps failing +1000% up every single year so far, obviously i don't expect this continue indefinitely but there is still lots of room for growth.

anything below $100 is a good buy in my view, would love to see $1-10 bitcoin once more for a few months but with how and where things stand and going it is pretty unlikely outcome.

why drop? remember, currently it is mostly speculative market, hype, high expectations, weak hands, realizing profits, politics.. if you don't expect bitcoin value go up and down in this yet immature state you are fooling yourself.

Mickey_ 06-14-2013 10:49 AM
Quote:
Originally Posted by helterskelter808 (Post 19669595)
$30? It's still over $100.
Quote:
Originally Posted by dyna mo (Post 19669614)
i'm glad the hype cooled off. Been waiting to see where the price levels off after the buzz goes away. Not sure where the op comes up with $30, btc hasn't been near that for months now, lowest it's been in the last 30+ days is ~90.

That's remarkable btw, if that's where it will maintain until the next hype bubble. ~$100 seems like a good price to buy.


You won't see me starting btc threads.
Quote:
Originally Posted by emil (Post 19669739)
what the fuck are you talking about? It's at about $100 now...
Quote:
Originally Posted by mineistaken (Post 19669943)
2 things to make it more accurate:
1. Add more dates, op claims 30$ price, this one shows 100$ as latest
2. Make scale in actual proportions (like distance from 10$ to 100$ should not be the same as distance from 0.1$ to 1$, it should be 900 times longer.

Ps: It seems that op lied about 30$. What a tool if he actually managed to think it was 30$ if it wasn't lower than 90$ for weeks :)
Quote:
Originally Posted by choopa phil (Post 19670101)
btc hasnt gone anywhere near $30 recently. The lowest it went recently was 84 i believe, in which i bought in at 88 and now they are sitting at around 105
Quote:
Originally Posted by madawgz (Post 19670243)
$30? Lol its near 100 right now. It will swing back to 130 pretty soon
Quote:
Originally Posted by helterskelter808 (Post 19670401)
can somebody please address the "$30" remark and tell me if bitcoins are around $100 now? Thanks.
130-30=100

PhoneSexKing 06-14-2013 11:19 AM
Quote:
Originally Posted by Webmaster Advertising (Post 19670428)
It already is happening... Canada have started to develop such a currency, Google it...
Not even a comparison there.

It's MintChip.. but it has a ton of security flaws. (Mostly un-pinned SSL stuff.)

Not to mention the gubbermint holds your munny which is exactly what Bitcoin prevents.

PhoneSexKing 06-14-2013 11:21 AM
Quote:
Originally Posted by OldJeff (Post 19670328)
Sooner or later people realize that only a government issued currency has any actual value.
I bet you still raise your hand and ask for permission to go to the bathroom. :1orglaugh

PillWealth 06-14-2013 12:55 PM
I believe the bitcoin could succeed as currency, if it wasn't for the US government. They will make sure it fails. If hackers don't steal all the coins first.

adultmobile 06-14-2013 01:43 PM
Frank purchased BTC worth $20 million, restoring bitcoin value:
http://bitcoinity.org/markets/image?span=7d&size=medium

MainstreamGuy 06-14-2013 02:04 PM
Where is Franky? He just vanished completely...


Also there is another "green guy" that has disappeared too...






Pretty strange IMHO...

PhoneSexKing 06-14-2013 04:56 PM
Quote:
Originally Posted by PillWealth (Post 19670772)
I believe the bitcoin could succeed as currency, if it wasn't for the US government. They will make sure it fails.
The USA != planet earth.

There will always be people around the world who will happily exchange them for a small profit.

adultmobile 06-14-2013 07:31 PM
Quote:
Originally Posted by PhoneSexKing (Post 19671190)
The USA != planet earth.

There will always be people around the world who will happily exchange them for a small profit.
http://www.binaryoptionsleader.com/w...y-Reserves.png

http://qzprod.files.wordpress.com/20...1313.jpg?w=880

PhoneSexKing 06-14-2013 08:06 PM
Who says you need a .com to run an exchange?

Also... derka derka derka mohommed derka derka


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