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BitcoinLady (OP)
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April 12, 2013, 09:15:20 PM
Last edit: April 12, 2013, 10:32:08 PM by BitcoinLady |
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BITCOIN, A TRUE WARRIOR BEATS ALL ENEMIES !!!  |
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"The nature of Bitcoin is such that once version 0.1 was released, the
core design was set in stone for the rest of its lifetime." -- Satoshi
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Herodes
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April 12, 2013, 09:41:37 PM |
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BITCOIN, A TRUE WARRIOR BEATS ALL ENEMIES !!!
I like your enthusiasm!  |
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MaTachi
Member
 Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 09:43:12 PM |
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Ok?  Care to explain? |
@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 09:56:09 PM |
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Dunno if this is a true warrior:   |
@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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BitcoinLady (OP)
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April 12, 2013, 10:36:00 PM |
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Imagine Swedish or Norvegian Krown with such devaluation, what would happen?
This currency isn't for weak-hearted and weak-minded.
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yvv
Legendary
Offline
Activity: 1344
Merit: 1000
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April 12, 2013, 10:41:53 PM |
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This currency isn't for weak-hearted and weak-minded.
I am with you, milady <3 |
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 10:45:01 PM |
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C'mon, bitcoin is barely used as a currency, and being this volatile it isn't even useful as a currency. It's a nice concept, but it obviously wasn't traded as anything else than an investment during the rush.
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@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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freethink2013
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April 12, 2013, 10:48:35 PM |
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hope he can breathe underwater
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Herodes
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April 12, 2013, 10:48:54 PM |
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Imagine Swedish or Norvegian Krown with such devaluation, what would happen?
This currency isn't for weak-hearted and weak-minded.
It is still early doors - volatility is to be expected. |
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 10:50:18 PM |
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Imagine Swedish or Norvegian Krown with such devaluation, what would happen?
This currency isn't for weak-hearted and weak-minded.
It is still early doors - volatility is to be expected. The reason doesn't matter, it doesn't make it any more useful. |
@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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BitcoinLady (OP)
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April 12, 2013, 10:52:17 PM |
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Remember that Bitcoin is 4 years old and evolves. We earn Bitcoins as artists and we like it. Soon there will be places to spend them in natural way, it's only a matter of time and mass efect. When 125 years ago Berta Benz drove her husband's invention, it was just a curiosity with no practical use.
Buy a horse!
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 10:54:08 PM |
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So you are seriously still holding onto your coins? Why don't you sell? It's a catastrophe. I like the concept myself, but it obviously doesn't work atm. You don't have to marry the project. It's completely possible to sell your coins and buy them back later when it's more stable and useful.
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@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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Herodes
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April 12, 2013, 10:55:44 PM |
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Remember that Bitcoin is 4 years old and evolves. We earn Bitcoins as artists and we like it. Soon there will be places to spend them in natural way, it's only a matter of time and mass efect. When 125 years ago Berta Benz drove her husband's invention, it was just a curiosity with no practical use.
Buy a horse!
There are places to visit to spend your BTC: https://en.bitcoin.it/wiki/TradeAnd this is even an incomplete list. Still I think you would find plenty of things you would be interested in, also stuff for females.  |
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 11:00:56 PM |
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Remember that Bitcoin is 4 years old and evolves. We earn Bitcoins as artists and we like it. Soon there will be places to spend them in natural way, it's only a matter of time and mass efect. When 125 years ago Berta Benz drove her husband's invention, it was just a curiosity with no practical use.
Buy a horse!
There are places to visit to spend your BTC: https://en.bitcoin.it/wiki/TradeAnd this is even an incomplete list. Still I think you would find plenty of things you would be interested in, also stuff for females. I hope you are having a great time then with all your BTC and female stuff! Amazing times |
@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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BitcoinLady (OP)
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April 12, 2013, 11:03:53 PM |
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Thank you and wish you the same |
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Luno
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April 12, 2013, 11:08:41 PM |
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Price swings in Bitcoin is because of low real life adaptation, i.e. Bitcoin only businesses. Dealing in bitcoin now as a business makes you a speculator also, as you have to time you purchases and sales.
This is not a property of Bitcoin being decentralized, but a government backed bank, would in such a situation, stabilize price to aid it's usability for business.
I think that the coming shorting exchanges starting soon will make price pretty boring. I remember when Bitcoinica "decided" the price on Gox.
More speculation is only a substitute until enough businesses would make price manipulation harder. There could be a real life daily price based on an index of certain goods priced in Bitcoin. Such a "real life trading price" would better reflect Bitcoins value based on actual use. Of course, that would also mean that there would be some authority compositing such index but it would be voluntary but if it is fair and usefull it would be used as the less crazy daily price.
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MaTachi
Member
Offline
Activity: 98
Merit: 10
Hack the planet!
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April 12, 2013, 11:09:44 PM |
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@DanielJonss. On a long enough timeline, the survival rate for everyone drops to zero.
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Malawi
Full Member
Offline
Activity: 224
Merit: 100
One bitcoin to rule them all!
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April 12, 2013, 11:34:32 PM |
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Imagine Swedish or Norvegian Krown with such devaluation, what would happen?
This currency isn't for weak-hearted and weak-minded.
Not too far from Noway, the Icelandic Krona have had a pretty rough ride. |
BitCoin is NOT a pyramid - it's a pagoda.
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BitcoinLady (OP)
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April 12, 2013, 11:53:01 PM |
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Price swings in Bitcoin is because of low real life adaptation, i.e. Bitcoin only businesses. Dealing in bitcoin now as a business makes you a speculator also, as you have to time you purchases and sales.
This is not a property of Bitcoin being decentralized, but a government backed bank, would in such a situation, stabilize price to aid it's usability for business.
I think that the coming shorting exchanges starting soon will make price pretty boring. I remember when Bitcoinica "decided" the price on Gox.
More speculation is only a substitute until enough businesses would make price manipulation harder. There could be a real life daily price based on an index of certain goods priced in Bitcoin. Such a "real life trading price" would better reflect Bitcoins value based on actual use. Of course, that would also mean that there would be some authority compositing such index but it would be voluntary but if it is fair and usefull it would be used as the less crazy daily price.
You are absolutely right but we prefer currency that isn't backed up by any government, just because when government stabilizes currency must make a kind of manipulation, not a transparent one. This can be printing money, raising taxes or borowing from outside. All of this, results in taking money from everybody and here is just the opposite and we like this approach. Here nobody will take our money to cover some idiot's losses without even asking us for opinion and stabilisation will come with volume. |
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Herodes
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April 13, 2013, 12:06:31 AM |
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Price swings in Bitcoin is because of low real life adaptation, i.e. Bitcoin only businesses. Dealing in bitcoin now as a business makes you a speculator also, as you have to time you purchases and sales.
You can use a third party to avert that risk, or set up your own automated system converting to fiat. There are various profiles you could set up, depending on your desired risk profile. |
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