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Do you own Bitcoin and have any stories to share? What are your major concerns with it? I'm curious to know whether people trust it more or less than the U.S. dollar.
reply to post by jrmcleod
Bitcoin is NOT a long term investment LOLOLOL! I made five figures PROFIT in buying them the moment Silk Road went down and re-selling them when it opened a month later. Hell, if you have 10 BTC's, sell on Friday for $670ish and buy back on Sunday night when they have dropped $50 and you'll make $500/week doing jack. I've been doing this for weeks now.
The market for BTC always drops on Friday because BTC is closed to many of the bigger overseas markets. It jumps again on Monday when US markets open and people log on to Silk Road to buy their drugs.
If you're going to speak about something like you're knowledgeable in it, be knowledgeable in it first.
Bitcoin isn't ever going anywhere and besides LiteCoin...its the ONLY reliable crypto-currency.
This thread has no business even being started by the OP because it's patently obvious to me that the OP has no idea about crypto-currency or online economics in general....much like almost all of the member don't here. Yeah...BTC is for the aliens. How utterly asinine.
My major concern with Bitcoin is that the Fed will decide they own it, and thenceforth all Bitcoin belong to them, thus pretty much ruining it.
As I've said, I'd LOVE to see it continue pretty much as is for, oh, say a year, maybe 18 months.