Originally Posted by MahiMike:
Actually no crazier than the US dollar. It's just paper they can print more of.
And they dont keep printing more which devalues USD. Honestly bitcoin could be a lower cost for governments to accept as currency. No overhead for them, no cost to produce or maintain.
You can even print out bitcoin and have it only available as paper money if you are scared [Reply]
"If you're Offered a Seat on a Rocket Ship, You Don't Ask What Seat. You Just Get On"
New technology, tough to comprehend, is changing legacy industrial landscape. No doubt this is another Dot Com bubble in the making...there will be winners and many losers.
Originally Posted by Iowanian:
I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example.
I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English.
US currency isn't really backed by gold anymore, either.
Originally Posted by mszymko:
My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
I bought two grand worth of ethereum when it was sitting at 43$. It's now worth almost 12k. I fully expect it to surpass Bitcoins value. [Reply]
Originally Posted by O.city:
Is it still on the rise? I'd like to get I on it but worry I missed the boat
I bought more today. I really think we'll see at least $1000 by the end of the year. But if I knew that for sure I'd be taking out loans to buy it up lol. [Reply]
