johnniewalker (OP)
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March 03, 2013, 11:16:12 PM |
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I'm certainly not spending my bitcoins on keychains or anything like that right now. And anyone with half a brain probably isn't either. What IS worth spending your Bitcoins on?
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nwbitcoin
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March 03, 2013, 11:21:08 PM |
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Anything that is going up in value faster than bitcoins, I guess! I have spent a few bitcoins on other currencies, but other than that, its staying in my wallet until the currency stabilises enough for week to week purchasing to not be too expensive.
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*Image Removed* I use Localbitcoins to sell bitcoins for GBP by bank transfer!
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Anon136
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March 03, 2013, 11:26:43 PM |
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its probably a great time to cash in some bitcoins for silver. Silver is unusually low and bitcoin is unusually high.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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thepwnorbpwnd
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March 03, 2013, 11:28:04 PM |
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I think it's a combination of people from Reddit starting to get interested and random people finding news about it from youtube and etc.
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johnniewalker (OP)
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March 03, 2013, 11:35:39 PM |
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Anything that is going up in value faster than bitcoins, I guess! I have spent a few bitcoins on other currencies, but other than that, its staying in my wallet until the currency stabilises enough for week to week purchasing to not be too expensive. Very true. I wouldn't buy an ounce of silver unless it was priced LESS than 1 BTC. (Silver Spot: $28, BTC: $34)
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Anon136
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March 04, 2013, 12:00:26 AM |
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i think 28.50 is an amazing price for silver right now but to each his own.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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Monster Tent
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March 04, 2013, 12:03:35 AM |
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I'm certainly not spending my bitcoins on keychains or anything like that right now. And anyone with half a brain probably isn't either. What IS worth spending your Bitcoins on?
Cocaine.
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Littleshop
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March 04, 2013, 12:26:51 AM |
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I'm certainly not spending my bitcoins on keychains or anything like that right now. And anyone with half a brain probably isn't either. What IS worth spending your Bitcoins on?
Cocaine. I would imagine that people would hord bitcoins MORE as the price is rising but people are spending more in my store now then they did when the price was lower. Why? Because it takes LESS bitcoins to buy things now. I sold a ton of my polo shirts when they were 4 bitcoins each but now priced in BTC they are less then 1 BTC. A sticker from me shipped is 45 mBTC! People are spending more now in USD terms then when the price was lower.
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johnniewalker (OP)
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March 04, 2013, 09:36:50 AM |
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Technically I guess you're right. But its only the beginning of March. Compare with 2012 year end silver prices.
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johnniewalker (OP)
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March 04, 2013, 09:39:24 AM |
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Also, I think some of you misinterpreted my question. But I was curious WHY Bitcoins have gone up so much. What I was asking is essentially are people buying/saving because of this high? And if they are buying, what are they buying?
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thepwnorbpwnd
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March 04, 2013, 12:06:14 PM |
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Everyone sees the price jump from 15$ one month to 31$ the next they're obviously speculating that it will continue to rise(which it is/will) and I believe(in the partially inebriated mind of mine right now) that the newcomers are collecting to horde and the old-timers are selling like no tomorrow because they KNOW asic's are coming and that the price will probably tank soon.
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akspecs
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March 04, 2013, 12:13:35 PM |
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Everyone stating silver is on the right page. The fact that BTC1 > 1 OZ .999 Silver is so cool! Most of us looking to hold an asset should take advantage of this.
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b!z
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March 04, 2013, 01:19:23 PM |
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its probably a great time to cash in some bitcoins for silver. Silver is unusually low and bitcoin is unusually high.
Silver is useless, Bitcoin is not
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Jenger
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March 04, 2013, 08:46:12 PM |
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LOL silver is useless.. Honestly.. If somebody isn't manipulating the BTC market right now, then I would say drugs is supporting >70% of the BTC market. A lot of traffic is starting to come through from poker players, waiting for sites like infiniti poker to finally drop so they can play "legally" from the US. There are some smart traders & young entrepreneurs out there definitely starting to take notice in the BTC market with this price jump. I know BIG time players such as Morgan Stanley & Goldman Sachs are said to be active in the bit coin market. They would NOT be active unless they thought it had serious potential. BTC is definitely on an upwards swing. IMO I think it will adjust more and hit a safe median price where it will stay for a bit and it will rise more & more along with the demand. Silver on the other hand is a great buy under $35/ozt. I just bought $20.00 FV of 90% junk last week mainly because my LCS wont sell any bullion at these prices Just remember, there is always a risk of something being worth NOTHING. In the end if BTC loses its value, your beat from every angle you look at it. If silver loses its value, your still left with a pretty coin. LOL In realistic sense, silver & gold have been sought after & used as a type of currency for hundreds, if not thousands of years. Bitcoins has been around for 2 1/2 years.
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Anon136
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March 05, 2013, 12:39:19 AM |
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LOL silver is useless.. Honestly.. If somebody isn't manipulating the BTC market right now, then I would say drugs is supporting >70% of the BTC market. A lot of traffic is starting to come through from poker players, waiting for sites like infiniti poker to finally drop so they can play "legally" from the US. There are some smart traders & young entrepreneurs out there definitely starting to take notice in the BTC market with this price jump. I know BIG time players such as Morgan Stanley & Goldman Sachs are said to be active in the bit coin market. They would NOT be active unless they thought it had serious potential. BTC is definitely on an upwards swing. IMO I think it will adjust more and hit a safe median price where it will stay for a bit and it will rise more & more along with the demand. Silver on the other hand is a great buy under $35/ozt. I just bought $20.00 FV of 90% junk last week mainly because my LCS wont sell any bullion at these prices Just remember, there is always a risk of something being worth NOTHING. In the end if BTC loses its value, your beat from every angle you look at it. If silver loses its value, your still left with a pretty coin. LOL In realistic sense, silver & gold have been sought after & used as a type of currency for hundreds, if not thousands of years. Bitcoins has been around for 2 1/2 years. The way i look at it is silver and gold are insurance and bitcoin is the greatest "lottery ticket" type opportunity in the history of man (atleast in the early adoption phase). very different functions imo.
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Rep Thread: https://bitcointalk.org/index.php?topic=381041If one can not confer upon another a right which he does not himself first possess, by what means does the state derive the right to engage in behaviors from which the public is prohibited?
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johnniewalker (OP)
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March 09, 2013, 04:55:44 AM |
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Silver is FAR from useless. Not only has it served as a way to store wealth for thousands of years, but its use in industry is ever-increasing. Silver is the greatest conductor of heat and electricity. Not to mention, its a lot of fun to collect.
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allthingsluxury
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March 09, 2013, 05:31:00 AM |
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its probably a great time to cash in some bitcoins for silver. Silver is unusually low and bitcoin is unusually high.
Silver is useless, Bitcoin is not I don't think too many people on these forums would agree with that. Bitcoin has a use and so does silver. I don't think this can be argued in any way.
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Gold & Silver Financial News: Silver Liberation Army, Gold & Silver News, Geopolitical & Financial News, Jim Rickards Blog, Marc Faber Blog, Jim Rogers Blog, Peter Schiff Blog, David Morgan Blog, James Turk Blog, Eric Sprott Blog, Gerald Celente Blog
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Global BTC
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March 09, 2013, 11:16:41 AM |
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Everyone sees the price jump from 15$ one month to 31$ the next they're obviously speculating that it will continue to rise(which it is/will) and I believe(in the partially inebriated mind of mine right now) that the newcomers are collecting to horde and the old-timers are selling like no tomorrow because they KNOW asic's are coming and that the price will probably tank soon.
How would the entrance of ASICs make the price tank?
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kibblesnbits
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March 09, 2013, 12:47:31 PM |
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Silver is FAR from useless. Not only has it served as a way to store wealth for thousands of years, but its use in industry is ever-increasing. Silver is the greatest conductor of heat and electricity. Not to mention, its a lot of fun to collect.
Not only that, but silver is one of the few PMs that is "used" for things like medical x-rays, etc. Once it's used, you can't recover it. Silver has always been a favorite of mine, and with BTC being up and silver being down taking a little BTC off the table is a no-brainer.
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