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1  Other / Beginners & Help / Re: Mtgox exchange in free fall $$$$ on: July 05, 2011, 04:48:06 PM
Quote from: supersonic3974 on July 05, 2011, 04:40:01 PM
You only lose money trading if you sell lower than you buy.  The only exception to this is if a company goes bankrupt or the price never recovers.  This goes for any market.

If the price drops below what you bought it for, just WAIT.
No, if you realise the loss, it falls still lower, and you buy in then, your loss is minimised. The fact you're already sitting on a loss shouldn't stop you selling if you think it's going lower still.
2  Bitcoin / Bitcoin Discussion / Re: Not a "Virtual Currency." A "Digital Currency" on: June 09, 2011, 06:30:43 PM
Quote from: cloud9 on June 09, 2011, 06:25:09 PM
In my opinion Bitcoin is not a money.  As a digital good, it is traded/bartered as a medium of exchange for other goods / services / cash(national currencies).
Agree. It is a digital commodity, like gold, made scarce by cryptography. It's got a lot of attributes which make it useful for exchange: divisibility, anonymity, security, but it should not be considered a currency.
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