I very much doubt it'll plummet down to $3 any time soon if at all, and if it did it would probably because there was obviously something fundamentally wrong with Bitcoin. You might as well jump on LTC or FTC or another crypto.

You could try sell the stuff on the marketplace here. You could also sell them for Feathercoin over on https://market.feathercoin.com/index.php

It's not a ponzi or a pyramid scheme, and if it was then so is gold and shares etc. People only call it a ponzi/pyrmid out of not understanding either cryptocurrencies or investments. Yes, you could lose all your money just as you can lose all your shares etc.

Haha, well they might like to think they are, but if they struggle to shut down torrent sites, I think they'll have an even bigger task of shutting down bitcoin. They could outlaw it in the States, but it wouldn't stop people using it there or any where else. It'll be like the War on drugs; an unwinable, costly and futile endavour. They'll either need to embrace it or better it.

Got her phone number? Haha JK. I'd go for it, I know I would definitely appreciate an amount of bitcoin as a gift, but obviously not everybody would, but hopefully she'll appreciate the gesture and the potential investment value. You could casually ask her if she's heard of Bitcoin to gauge her interest.

I don't think they could even if they wanted to. How can they shut it down without banning the internet or computers, and under what legal grounds? America isn't the World Police.

Where did Alex - or anyone else for that matter - get punched?

Yes.


Yes.


Probably not. It will be volatile for quite a while, then eventually probably steady off, but it will always fluctuate just like any other currency. Nobody can predict what is going to happen to cryptos in the long run. Weigh up the risks and choose the gamble or not, that's the fun of it.

BTC is the champion & LTC is the aspirational underdog. I think it's worth investing a small amount in LTC as I'm sure they're only going to rise in value, especially with BTC becoming too pricey for your average Joe. Might be worth investing a tiny amount in a few of the up-and-coming cryptos too, just in case.

I always chuckle at this.

It's not a pyramid scheme and there's nothing unethical about investing. Sure, investors could lose out if the currency bombs, but people should know and understand the risks as with any investment or purchase. You can buy gold, shares or property and the markets can crash and you can lose a lot or even all of your money, but are they pyramid schemes? No. You also cannot be responsible for the risks of others. What happens if in the future somebody has seen the steadily rising value or Bitcoin and decides to put all their lifesavings into them and buys at some ridiculous price each, then the next day the price tanks or becomes worthless for whatever reason? That's the gamble. People lose their lifesavings into legitimate investments all the time, doesn't make them scams, they just took the gamble and unfortunately lost.

People are quite rightly wary or cryptos because of the way they are sometimes told/sold to people as get rich quick schemes, and they sound too good to be true, so that's why people think they're probably Ponzi/Pyramid Schemes. If you tell somebody you bought a Bitcoin for £70 and a couple of days later it doubled in price and a few months later it's worth seven-times as much, it's going to sound like a scam. Invest and risk at your own peril.

They might try, but why would people even need to use this new gotv. currency and not just stick with BTC?

How can anyone possibly give you an answer to that? You can make a fortune playing the markets, just as easily as you can lose it all, and nobody can tell you how much BTC will be worth in even a month's time. That's the gamble and only you can decide what to do. If you want to see how much you can make, invest 50% in daytrades and hold on to the other 50%.

Probably the limited edition 2013 Red Accord Double Rib. It's sexy as fuck.




Although the 1998 Wilton Skyblue deluxe is considered a classic.

Firstly, how old is your sister? I mean, I don't really think a small child would be that impressed with some Bitcoin, even though it's a nice gesture from you as a potential investment. Personally if I was to gift somebody some BTC, I'd get a nice paper wallet printed out, maybe customise it for the person, and have a back-up of the keys just in case they lose it. Maybe you could design and print the paper wallet out as a Christmas card or whatever with a brief description of what Bitcoin is on the back, why it's potentially a decent investment and how to redeem the value at a later date

Already a thread: https://bitcointalk.org/index.php?topic=343021.0

Why are people so eager to donate their bitcoins to wikipedia?

I'm sure they'll take them at some point in the future, but then people will probably ask why they're not accepting Litecoins or bbqcoins or whatever.

What if 0.002 BTC will buy you ten pizzas a day in a few years' time? Or instead of wasting money getting fat on pizzas save it or invest it in something else?

I haven't spent any of my BTC yet and it's flourished nicely. What's great about any investment or currency is people can do what they want with it; buy, trade, sell, save, gamble etc.

As with any currency or commodity, people are free to buy, sell, trade or save. Yeah, it's wise to hang on to them for a bit, but at some point you're going to need to cash out.

I dunno, just 'credits' would probably seem confusing ("Hey, have you heard of Credits?"). I suppose Cryptocredit or Bitcredit would work, but pretty much every other cryptocurrency has a 'coin' suffix so it seems to be working ok so far.


Probably this.

This.

I think Bitcoin is a great name and don't see any problem with it. What do you suggest it be called?