Silk Road forums
Discussion => Security => Topic started by: LostCauseAndClueless on April 09, 2013, 03:03 pm
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I am at home pissing myself . Truth is I have zero Bitcoins to my name and from what I can gather quite a few people are now hoarding them as the price goes up in unprecedented amounts every day . The people I am glad for are the "up to 50 Bitcoin " holders , who should exchange for cash now while its at a fantastic price . Then you have the others who have literally 1000s of them . You , Yes YOU are the people I cant wait to see on the day BITCOIN crashes through the floor , back to around 5 USDs each . Greed has a lot to answer for and I hope the Greediest are stung the Hardest .
Anyway now Ive vented my frustration over being skint , Have a nice Day .
Watch out for the inevitable crash .
Yours Necromancer71 :o
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A lot of "hoarders" might call themselves "savers" - point being, they are intending to keep their BTC for a longer time-period, until they can be used for everyday services. There are already several websites where consumer electronics can be had for BTC, and there's even a bar in NYC accepting BTC for drinks.
Additionally, I am of the opinion that anything that is driven at least in part by vice, will have staying power. The increasing size of SR insures that there will always be a very attractive use for BTC, and as more vendors jump on the wagon, interest + utility + exchange rate on BTC will only increase.
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Really want to know to know the person who made this investment..
Price: 189.99
Coins: 489.12
Amount: 92927.9088
Would be a shame to loss all that dough 8)
Maybe they just wanted lots and lots of drugs =D
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This BTC coin thing isn't a zero sum game. That is, just because somebody has become prosperous through BTC, he isn't making it at the expense of somebody else. The early adopters of BTC, probably among the largest holders of BTC, enabled BTC to grow and a 'rising tide raises all boats'.
I like rich people. They are mostly the people who hire me for my construction work. Of course I despise dishonest people, especially in the trades, because they can hurt you in so many ways. Recently I finally got some money for some work I performed 2 YEARS ago. I hope that sob goes through some things that I had to go through in 2 years while waiting for my money.
You're right, there will be a 'correction' in BTC sometime, and people will lose money. But that won't help you either, because (mostly) the prices in BTC go down as BTC goes up. I've noticed things costing less BTC lately, has anybody noticed venders NOT 'correcting'?
Somebody said 'Dominos' takes BTC for pizza. Anybody know if that is true?
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I read early on this year in the news of a service where you could order pizza for BTC but it was more of a middle-man site accepting your BTC and paying $$ to the pizza dudes to bring you pizza.
As for BTC imho I don't think the price is going down anytime soon. For longer than Bitcoins have been around, people have been waking up to the fact that, at least in NA, our governments sold us out to private bankers. We are forced to use fiat notes that earn bankers interest just by existing. There is no money that wasn't created from thin air and that isn't costing compounding interest: owed by the money supply to the central banking elites. And since that compounding interest cost can only be paid with money created by elites and costing compound interest...well, how are those chains? Too tight for you? Fuck you asshole ha ha ha. Here suck my cock now. Sorry, we're not quite there yet, but most of us don't see the shackles. We don't get to just create money and let it devalue all the rest of the money. The banks get to create it and devalue all the rest of the money and then they loan it to us at interest.
I think people are slowly waking up to that and I think they see bitcoin as a currency that bankers can never enslave us with. Yet it is also a currency that can be infinitely divided to suit the needs of the economy.
Sure right now, no one wants to spend it because it's going up so fast that it's not that useful as a currency unless you make quick transactions. But I don't expect it to go down as A. more and more people learn about it and B more and more people wake up to the fact that any use of fiat currency funds global economic terrorism.
Not being a slave = Priceless.