Posted by damosk: I've got a bitcoin account with probably a couple of dollars worth (from about six months ago) in it, I really should go and take a look at how much they are worth to me today. I have also got to thinking how sites that use bitcoin as your deposit are actually making a load of money as your value of deposit decreases as the value of the bitcoin increases, but the sites value increases.
The value that scares me ,.... i dunno how stable it will be,.. There is one guy in i think england he was selling his house for bitcoins,.. He had faith in the bitcoin,.... i dunno i think he takes a big risk of selling his house this way.
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The drop wasnt in just one day Gerimanats.
It has recovered, because there is a big amount changing hands every day. Many people, whole companies have invested on it.
Not to mention the dirty business taking place having it as main currency. Not that this was not happening before, but i believe it is worst now with cryptocurrency. On July they arrested here in greece, a 38 year old Russian wanted from USA, cause he had laundered more than 4 billions USD in bitcoins
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Posted by LIKEIT27: [QUOTE]Posted by damosk:
The value that scares me ,.... i dunno how stable it will be,..
looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.
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I think it will overcome this for the moment. It has been up to 4000 again. It had a bit drop but the recovery was fast too. At least half way of the loss. It will need more serious issues to drop it down than, what happened in the chinese market. Thats my estimation at least
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The chinese demand was one of the major forces behind the recent rise in bitcoin prices. If the government realy makes a crackdown on the bitcoin ecosystem in China, this will be noticed worldwide
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Posted by T3ddyKGB: looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time.
JP Morgan CEO Jeff Dimon said "...Bitcoin is a fraud that will ultimately blow up, according to JP Morgan boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea..." and much more
just do some google search about JP Morgan+Bitcoin and make your own opinion if it's more untrastable Bitcoin or the financial system that rules the world
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[QUOTE]Posted by T3ddyKGB: looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time.
My opinion with that - we do not have to trust what the people say. Bitcoin makes a lot of competition with these JP Morgan bank or anothers banks. I saw when it was a crisis in 2008 how dangerous is these banks. Many people have lost their homes. I do not believe in the words of these bankers. This does not mean that bitcoin can not be a scam. Is possible but the banks are lying.
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Believing is for those going to church. When serious money is involved one has to know, and as there is little info about those altcoins, espacially the newer releases, one can't know that much about them. So buying those has a lot of gamble in it.
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Reading more for the russian that was arrested here, Alexander Vinnik, they are saying he was the accountant, and that he was the hacker responsible for the bitcoin theft of about 650k bitcoins on Mt.Gox
They are saying cryptocurrencies are secure and untraceable, but i really doubt this. They were tracking all of his transactions, of all his wallets and addresses he had.
If you are a government like the one of USA and you have the right personnel and equipment everything can be done. Not to mention all the gadgets and equipment they have, for their disposal only, not available in public. Who knows what they have discovered so far (technology) that is not yet known to the rest of the world. And im not talking about the US only.
It is more complicated to trace the crypto currencies ... yes i agree here, but completely untraceable, i disagree.
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As all transaction are written down somewhere in the blockchain, transactions can't be untraceable in Bitcoin or other coins that use this system. And even if the computing power is not available now to actualy dig it out, it will be surely possible in the future.
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Have a mixed feeling about that 18 core processor. Some smart assed software companies license their products per core, and not per processor. So a 18 corer in a server can get very expensive very fast.
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Posted by T3ddyKGB:
looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.
Maybe this helps you in forming your proper opinion about the matter.
After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering
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What goes out, now and then differs too much from the reality when money is involved Besides that bitcoin is up to 7700 USD again. Almost reached 8000 yesterday at some point i was watching it. It wouldnt be a surprise hitting 10k by the end of the year like some have predicted. Lucky magatt
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Posted by magatt966:
Posted by T3ddyKGB:
looks like its enough if someone from JP morgan or goldman says bitcoin is a scam and the course drops big time. guess its up to your self to either believe it or see it as propaganda to bring your rivalry down. i have no clue tbh.
Maybe this helps you in forming your proper opinion about the matter.
After Slamming Bitcoin As A Money Laundering Tool, JPMorgan Busted For Money Laundering
i didnt follow this case.. so thanks for the link magatt! always interesting. i guess we all know they all criminals. no matter if you look back in the history or documentarys about the recent financial crisis.
mober said "lucky magatt". you invested in bitcoin ? if so.. how about some pizza for everyone? hehe
what do I know about butcoin? Who's idea behind the operation of bitcoin, well that is Satoshi Nakamoto. Bitcoins can be stored on a personal computer in the form of a wallet file or managed by a third party such as blockchain, a wallet service. In both cases, the money can be sent to another person over the internet by anyone with a bitcoin address. I have none.
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But it is easy to create a bitcoin address. Doable with every bitcoin wallet. And some of those are quite small, and do not need to download the whole blockchain to work. So this is not a problem.
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Yea the actual problem was to be in it the right time. Now it is too high either way. A bit riskier to invest, but there are still people going in. Things has change so much lately with bitcoin, that many fx trading platforms, have included it in their pairs.
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Posted by T3ddyKGB: .. how about some pizza for everyone? hehe
No problem bud: lets visit Italy and I will be happy to prepare a pizza from the scratch just for you .. all mobsters are invited of course...so you will tastre real italian handmade pizza
By the way: read this interesting TRUE ( and I repeat TRUE: blockchain is public and that transaction can still be seen) story about the pair Bitcoin-Pizza...keep in mind that today a Bitcoin is worth more than $8K
