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dreamspark
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July 28, 2014, 10:22:27 AM |
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This could be a great hedge for some of the more welathy BTC owners that are around. After two years you have your investment back and can then produce your own gold.
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maurya78
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July 28, 2014, 12:15:27 PM |
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In theory a good hedge but mining for gold is not a simple process sans domain expertise and tech investment Let's wait and see how this plays out
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InwardContour
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July 28, 2014, 12:48:59 PM |
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If the sale will end well there will be another wave of adopters coming in the bitcoin business, I hope some whale will buy it soon.
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minerpumpkin
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July 28, 2014, 01:01:05 PM |
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Miners have a thing for work in hot conditions, uncertain chances for success, eating out of tin-pans, and being trapped by a rock-slide.
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I should have gotten into Bitcoin back in 1992...
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kittycatbtc
Member
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Activity: 70
Merit: 10
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July 28, 2014, 01:57:05 PM |
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Good move. Gold is worthless.
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tooil
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July 28, 2014, 02:06:14 PM |
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Good move. Gold is worthless.
Russia and China central banks holding a lot of gold. You think you know more than them?
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ljudotina
Legendary
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Activity: 1260
Merit: 1029
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July 28, 2014, 02:19:51 PM |
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Good move. Gold is worthless.
This is just plain and simple ignorant. As much as i love bitcoin, i still think that gold will be valuable much much longer than Bitcoin. Bitcoin will eventualy be replaced (in 5...10..50...100 years, doesnt matter) with coin that is more advanced, but gold will never be replaced untill time comes when human kind can produce gold out of another materials that have no traces of gold in themselves. And to be able to produce gold out of other materials you need energy of two colliding dead stars. And once we get there, money will be irrelevant all together.
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kittycatbtc
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Activity: 70
Merit: 10
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July 28, 2014, 02:21:00 PM |
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Bitcoin is more valuable than gold in the future IMO.
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leex1528
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July 28, 2014, 02:40:45 PM |
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So is he basically putting everything he owns into Bitcoins? That doesn't seem like the smartest idea...Never put all your eggs in one basket.
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dreamspark
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July 28, 2014, 03:03:38 PM |
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In theory a good hedge but mining for gold is not a simple process sans domain expertise and tech investment Let's wait and see how this plays out
This is absolutely true, hence why you might want to take him up on the offer of his willingness to stay on to manage the property for up to five years to ensure the operation runs smoothly
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TrailingComet
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July 28, 2014, 03:56:50 PM |
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Gold has decent intrinsic value, really a good hedge if you have that kind of coin Is Timothy Coles somebody famous we should have heard of?
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BitcoinMillionaire
Full Member
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Bling Bling
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July 28, 2014, 04:05:34 PM |
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▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ PRIMEDICE The Premier Bitcoin Gambling Experience @PrimeDice ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
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troleybüs
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Merit: 1001
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July 28, 2014, 04:11:38 PM |
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That's one of the good news we are looking for.
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tss
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July 28, 2014, 06:25:05 PM |
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i doubt this deal would happen in btc but its good to see selling businesses for btc
whats the most expensive thing actually sold for bitcoin?
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waldox
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July 29, 2014, 05:14:36 AM |
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most likey a larger miner will buy it with cash converted to bitcoin
not many bitcoiners know how to run a gold mine
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dreamspark
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July 29, 2014, 09:27:47 AM |
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most likey a larger miner will buy it with cash converted to bitcoin
not many bitcoiners know how to run a gold mine
No one will convert cash to BTC they will just pay with cash, the BTC thing is like free advertising.
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sandykho47
Sr. Member
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Knowledge its everything
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July 29, 2014, 01:13:24 PM |
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A great news Gold price is stable, when BTC price will went up good move timothy coles
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Kemampuanku Tidak semua orang memiliki dan dapat melakukannya . Tidak memakan kaum sendiri . dan mempunyai kode etik yang tidak masuk akal.
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BitcoinBarrel
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Fill Your Barrel with Bitcoins!
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July 29, 2014, 02:45:52 PM |
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Mining for gold is a great HOBBY, but very rarely do any commercial mining operations produce a profit.
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