The Future of Money and Historical Perspective

[dmc]

I tell you what---let you kids in on a little secret, just because you're my friends---I got my money tied up in Martian Real Estate. I always figure---Buy on the edge of town, and wait. It'll go up in Value.

Im developing a new fiat currency myself, dmc bucks, I'll trade some for a few lots.

[Xmac]

http://www.businessinsider.com/bitco...ew-year-2015-1

"Bitcoin is under $300 for the first time since November of 2013. It's down ~16% to start 2015."

I'm so happy, I can get in on this in a bigger position than before. This is tantamount to the arrow being pulled back on the bow.

Yes, I saw someone trying to get readers call it a "crash". The price has "crashed" about three or four times. Bubbles crash and don't come back. Bitcoin, as you'll see, will continue to gain use/adoption.

Or maybe you won't see because you're looking at price volatility (not usage stability which is all a currency really needs) the way anxious investors watch the daily stock market gyrations.

[dmc]

I'm so happy, I can get in on this in a bigger position than before. This is tantamount to the arrow being pulled back on the bow.

Yes, I saw someone trying to get readers call it a "crash". The price has "crashed" about three or four times. Bubbles crash and don't come back. Bitcoin, as you'll see, will continue to gain use/adoption.

Or maybe you won't see because you're looking at price volatility (not usage stability which is all a currency really needs) the way anxious investors watch the daily stock market gyrations.

Way to risky for me, but good luck.

[dmc]

I'm so happy, I can get in on this in a bigger position than before. This is tantamount to the arrow being pulled back on the bow.

Yes, I saw someone trying to get readers call it a "crash". The price has "crashed" about three or four times. Bubbles crash and don't come back. Bitcoin, as you'll see, will continue to gain use/adoption.

Or maybe you won't see because you're looking at price volatility (not usage stability which is all a currency really needs) the way anxious investors watch the daily stock market gyrations.

Now that's it's down under $200 you can buy even more.

[dmc]

How much are you buying, or are you waiting to see of it continues to drop?

[Yossarian]

see of it continues to drop?

It's not dropping, it's just gyrating.

[Xmac]

How much are you buying, or are you waiting to see of it continues to drop?

Once again, if you think the current price is what is significant you will remain oblivious to the obvious technological genius behind the currency.


It has always been the small upstart that has overturned the apple carts for established monopolies.
https://www.youtube.com/watch?v=Wq8yOMl8IUs

Yes, gyrations, it's already back over $200

[bae]

Once again, if you think the current price is what is significant you will remain oblivious to the obvious technological genius behind the currency.

I've belonged to an investment discussion group for about 20 years now. One of our longstanding rules is that we post our trades. Eliminates much of the puffery, and weeds out the fantasy-football types.

[LDAHL]

Is there a dollar price for bitcoin below which "mining" becomes a losing proposition?

[dmc]

Once again, if you think the current price is what is significant you will remain oblivious to the obvious technological genius behind the currency.


It has always been the small upstart that has overturned the apple carts for established monopolies.
https://www.youtube.com/watch?v=Wq8yOMl8IUs

Yes, gyrations, it's already back over $200

Since I own none the price does not effect me. I assume you are in for less than $200, if so good for you. As I said it's too risky of an investment for me. I'll stick with dollars, stocks, bonds, and hard assets for now. If I miss a big run up, oh well, I've missed a few in the past. I've also had some big losses in the past also.

I see golds over $1200 now, Someone's still buyin that.