With the failure of Mt. Gox and the evaporation of 850,000 bitcoins (estimated loss of $425 million) its time to SELL, SELL, SELL the worthless fictions before you lose your real assets.
Read the article here
businessinsider.com
A: They’re only as valuable as the next guy is willing to pay for them. Don’t be the last guy holding bitcoins.
It’s like tulip bulb mania.
Forget the Bitch Coin.
maybe this is the future currency…
(from one of the designers of the State Quarters)
http://www.dc-coin.com/unaameropatterncoins.aspx
Crypto currency isn’t going anywhere. Mtgox was always a little screwy. It was originally a magic: the gathering trading card exchange, and fiddled around with bitcoin when it was new. I’ve never bought bitcoin with fiat currency but I’ve mined some.
There’s no logic in saying bitcoin is doomed because one goofy exchange goes down. People are still buying them and mining them, and the other crypto coins are going strong too.
The best thing about it is that it is independent of Central banks and the manipulation inherent there.
Now, tho, there is the issue of hackers apparently… Lol.
“They’re only as valuable as the next guy is willing to pay for them”
We may soon be saying the same about the U.S. currency.
Sell Bitcoins and invest in something stable, like Beanie Babies or Pogs. Better yet get into the ground floor of the used and soiled underwear exchange. Call algore he’ll take your money.
There’s a sucker born every femtosecond.
I didn’t fall for the scam one bit.
Look out Zerohedge.com! Here comes the fallout of Mt. Grox!
How much is that in IOTW Bucks?
Oh and I heard that the Vinklevoss bothers had approximately one percent of all the Bitcoins in existance! Sucks to be them right now.
When the emp comes, where does your “money” go?
I’m saving my Confederate money cause I know the South shall rise again.
Uh, oh. The life-time collected wealth of iOTW was all in BitCoin. How are we gonna replace that 32 bucks?
1 bitcoin is still worth $579 USD.
I don’t see a crash yet???
I’ve been investing my fiat currency in guns and collectible antiques.
Obumfuk may be undermining it, but there’s still something to be said for “full faith and credit.”
They were probably sabotaged by the government.
Bitcoin may be fools gold but putting trust in the dollar is just as foolish. The dollar is also only worth what the markets say it’s worth. Roaring 20’s or crash and burn. Both have happened.