my bitcoin is a savings account.
i hope i never have to dip into my saving.
but if i NEED too i will.... but i will plan to replace and grow my savings
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wow people are selling, bitcoiners really are generous
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its not as big as word press, but we'll take it.
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Results for Nov 18th pending...
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I can't wait for the weekend to be over. Let their be new funds!
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Bump. Any new bitcoiners in or around Montreal? If all goes well, we will have many merchants waiting to take our bitcoin in exchange for goods and services, next spring! see the meetup thread -> Introducing Bitcoin to Merchants
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EAT IT!
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1) easy to counterfeit, hard to verify 2) hard to transport large amounts securely 3) easy to shave off small amounts off each coin 4) unpredictable / unknown total supply 5) hard to store securely
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Gold make for really bad money. and i can prove it! go tell me your silly arguments
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LOL, that would be an epic dump
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that guys is getting people to sort coins for him and buying them at a bargain genius!
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Indeed, if you're buying gold to speculate, that's pretty much the plan. If, like me you're buying gold as a store of value, there's less to worry about. Gold's value is pretty much stable. Everyone knows how much it's worth, and a Krugerrand is going to buy the same number of bullets today as it is after the apocalypse. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise.
Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts.
As for Bitcoin, This pretty much says it all. Bitcoin (or failing that, it's successors) is bound to increase in value, for the simple reason that it's a better system. your probably holding the physical gold your self. were do you go to sell that? drive 30mins to a shop, and get Spot-5% gold is stable? really?
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a dozen coins hit the market! Thank you, but do you have more
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Deflation could really fuck shit up.
This. and i ask you, who else besides me have you heard talking about deflation? literally everyone, and i mean everyone, thinks inflation is inevitable. in other words, when everyone's already bought, who else is there to buy? scary story!
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Deflation could really fuck shit up. if it starts to happen no doubt the government will step in and start printing dollars like fucking crazy to promote lending / spending. long term effects of this YOYO game they are playing can't be good... people are going lose their homes and shortly after prices for food and EVERYTHING will rocket I believe in BTC because its not imaginary like the USD <- only now starting to understand....
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what will happen to gold and silver if deflation sets in? Gold (and to a lesser extent, silver - more volatile market) will retain value even as the price drops. i have a hard time believing that... to me gold created a "fear inflation" bubble selling gold at the top, and then having deflation rise the value of your $, is too good an offer to pass up. Bitcoin on the other hand ( with the market so new, there is still room for Massive growth ) will continue to rise. Bitcoin was never about protecting your money, its been about replacing the broken system, with honest money. a powerful mission, sure to gain support as the $ goes nuts.
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