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Author Topic: The return of the whale  (Read 2059 times)
zby
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May 17, 2012, 05:41:11 AM
 #21

If I was a Greek living in Greece I'd be buying up gold and silver right now.  Bitcoins?  My bet is 99% of the general population (ie. not geeks) don't know what bitcoin is, where it is bought and how it can be used to move money outside the country.
Yeah - but even if the 1% started buying Bitcoins - this would move the market.  Bitcoins are still such a small market, despite being a global one.
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Bitcoin mining is now a specialized and very risky industry, just like gold mining. Amateur miners are unlikely to make much money, and may even lose money. Bitcoin is much more than just mining, though!
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May 17, 2012, 12:59:38 PM
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If I was a Greek living in Greece I'd be buying up gold and silver right now.  Bitcoins?  My bet is 99% of the general population (ie. not geeks) don't know what bitcoin is, where it is bought and how it can be used to move money outside the country.
Yeah - but even if the 1% started buying Bitcoins - this would move the market.  Bitcoins are still such a small market, despite being a global one.

We are the 1%!

https://www.bitcoin.org/bitcoin.pdf
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May 17, 2012, 01:36:17 PM
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We are the 1%!
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