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Title: Brazil in the Game? Post by: jcoin200 on January 27, 2014, 06:19:37 PM http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html
According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this? According to him bitcoin is a "terrible store of value." I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year. Title: Re: Brazil in the Game? Post by: hilariousandco on January 27, 2014, 07:02:23 PM http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this? According to him bitcoin is a "terrible store of value." I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year. Bitcoin could thrive in countries like this, especially ones like Argentina where the governments are placing restrictions on the money people can withdraw. Hopefully the masses will wake up to this. Could be huge for BTC. Title: Re: Brazil in the Game? Post by: JorgeStolfi on January 28, 2014, 02:27:09 AM http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this? According to him bitcoin is a "terrible store of value." I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year. Bitcoin could thrive in countries like this, especially ones like Argentina where the governments are placing restrictions on the money people can withdraw. Hopefully the masses will wake up to this. Could be huge for BTC. Brazil's "quickening inflation" was ~6%/year last year, 5.4% this year. Generally below 6%/year forthe past 10 years. Bitcoin's price at Bitstamp fell today 12% in 6 hours. How much is that per year? Investing in bitcoin is gambling in a game where the very rules may change at any minute. Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Title: Re: Brazil in the Game? Post by: bitbouillion on January 28, 2014, 02:43:32 AM Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here? Title: Re: Brazil in the Game? Post by: 420 on January 28, 2014, 03:51:19 AM TITLE FORMAT
Title: Re: Brazil in the Game? Post by: JorgeStolfi on January 28, 2014, 03:48:12 PM Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here? Title: Re: Brazil in the Game? Post by: guybrushthreepwood on January 28, 2014, 04:05:43 PM Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here? It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont. Title: Re: Brazil in the Game? Post by: jcoin200 on January 28, 2014, 04:11:28 PM Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here? It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont. Exactly, every investment carries some risk, BTC maybe more than others. You cant look at micro snippets of time and only consider that as your window. Overall in the long term BTC looks like it will rise. Major adoption is only just beginning. Secondly no one in this thread told you to go buy BTC. I posted a press release about an exchange doing well in Brazil. Nowhere did I say that BTC is the greatest investment, nor am I trying to scam you. If you think BTC is a scam then why are you posting on here? ??? Title: Re: Brazil in the Game? Post by: guybrushthreepwood on January 28, 2014, 04:21:06 PM Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple. Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here? It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont. Exactly, every investment carries some risk, BTC maybe more than others. You cant look at micro snippets of time and only consider that as your window. Overall in the long term BTC looks like it will rise. Major adoption is only just beginning. Secondly no one in this thread told you to go buy BTC. I posted a press release about an exchange doing well in Brazil. Nowhere did I say that BTC is the greatest investment, nor am I trying to scam you. If you think BTC is a scam then why are you posting on here? ??? I think it is a good bet, and hopefully it will pay off as an investment. If we can even get just a little bit of mainstream adoption I'm sure the value of BTC will rise quite dramatically, but again nothing is certain. |