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reply to post by PhoenixOD
This is no different than share floats, I have seen them in the first 2-3 months the price goes up to several times original value, 4 months later its worth lless than what originally bought for. What does Bitcoin have backing it? Gold, property, plant? Its being held together by hot air at the moment.edit on 18-11-2013 by AthlonSavage because: (no reason given)
Oh they can be heavily manipulated and tampered with.
Its a dark turn for humans in my opinion...
Won't end well at all...
There is nothing tangible there at all. It is worse than paper money!!
It would be the perfect Money for some sort of Order for a New World....Wink....WInk....
Converting bitcoins to actual dollars is not so easy.
Mt GOX is famous for tying up transfers in red tape.
Read a story last week by a guy who tried for 2 months to cash in bitcoins, no luck.
reply to post by crankyoldman
Funny you said that 'cause right now I'm receiving several push notifications from an iphone BTC trading app stating not to upgrade to the latest version because Apple won't allow the buy/sell features within the app. IF customers wish to continue trading, don't upgrade. They're working on a new merchant.
This is a major flaw with the cryptocurrency technology. It relies on the firmwares proprietary of the big players like Apple, Samsung, or any other large smartphone manufacturer. If they limit developers, then it basically goes no where.