Y'all need to watch the Netflix doc on it. Very interesting. Wish I would have got into earlier as well.
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Originally posted by Burnadell View PostThe bitcoin craze reminds me of the ostrich (and chinchillas) fad a number of years ago. Those that got in early and got out made money. Those that stayed in or got in late...lost.
For the life of me I can't make any sense of some bookkeeping entry that increases so much in such a short amount of time...for no discernible reason or value.
There will be blood.
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Originally posted by Burnadell View PostThe bitcoin craze reminds me of the ostrich (and chinchillas) fad a number of years ago. Those that got in early and got out made money. Those that stayed in or got in late...lost.
For the life of me I can't make any sense of some bookkeeping entry that increases so much in such a short amount of time...for no discernible reason or value.
There will be blood.
The reason why it is doing so good is due to to fiat currencies around the world that got away from the gold standard. Without gold backing a currency, the currency really is only worth the paper it is printed on. There is evidence that the price of gold is being manipulated, keeping it artificially low. Bitcoin has not been manipulated in the same way gold has been manipulated and as I understand there is a set number of bit coins out there and more are not being made. As more people buy bit coin, it’s price increases.
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Originally posted by Burnadell View PostThe bitcoin craze reminds me of the ostrich (and chinchillas) fad a number of years ago. Those that got in early and got out made money. Those that stayed in or got in late...lost.
For the life of me I can't make any sense of some bookkeeping entry that increases so much in such a short amount of time...for no discernible reason or value.
There will be blood.
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Originally posted by Burnadell View PostThe bitcoin craze reminds me of the ostrich (and chinchillas) fad a number of years ago.Originally posted by zztex View PostAh chinchillas . Glad I had enough sense to stay away from that one
To hunt after they all got turned out! Ate pretty good as well.
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Originally posted by In-Yo-Grill View PostI honestly don't think it's going away anytime soon. The company Square recently announced an integration with BTC. Overstock.com accepts BTC as payment and the CEO said that in 2018 they will give a discount for people paying in BTC.
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