Bitcoin not so useless!

[ElvenSoul]

http://www.technologyreview.com/news/534011/a-weekend-in-bitcoin-city-arnhem-the-netherlands/

Gaining more and more acceptance every day!

[noob_tube]

Bitcoins aren't useless, but they aren't exactly useful either. There just aren't enough businesses that accept them as payment. That said, I do own bitcoins and am considering getting some more if they go below $200. I made a very healthy profit last year from selling a few.

[ElvenSoul]

Still have not found a gun store that takes them!

[CandG]

I do own bitcoins and am considering getting some more if they go below $200

So if they keep dropping, you'll buy more? I'm no investment genius, but it seems like a better idea to sell what you have in a bear market, and wait until it actually starts to rebound (if it ever does, which I have my doubts) before buying more.

[teg33]

It's useless, I can't use Bitcoin at Ralph supermarket, or pay gas at any gas stations. My credit card provider don't accept it as payment. My favorite cigar store refused to be paid with it. Bitcoin doesn't have practical value.

[noob_tube]

So if they keep dropping, you'll buy more? I'm no investment genius, but it seems like a better idea to sell what you have in a bear market, and wait until it actually starts to rebound (if it ever does, which I have my doubts) before buying more.

Normally, I'd agree with you 100%. However, I don't have bitcoins as an investment I expect to collect dividends or interest on. To me, they are simply an alternative type of currency that is accepted online. The few I sold was more of an opportunity for quick $$$ rather than a planned sale...

[2DoorImpala]

There's a lifeline amount of the value that it would dip to which seems to be in the $200 average. I really doubt it will dip to under $100 ever. There would be a rush of buying it will raise the prices up with the quickness. A couple weeks ago I bought a few at $160 and bought stuff when it was $260. Ive also been mining bitcoin and other cryptocurrencies for a while now. Its not going anywhere

[keenkeen]

There's a lifeline amount of the value that it would dip to which seems to be in the $200 average. I really doubt it will dip to under $100 ever. There would be a rush of buying it will raise the prices up with the quickness. A couple weeks ago I bought a few at $160 and bought stuff when it was $260. Ive also been mining bitcoin and other cryptocurrencies for a while now. Its not going anywhere

Keep your feet on the ground but keep reaching for the stars!

Goofy platitudes for $400 Alex?

[CandG]

There's a lifeline amount of the value that it would dip to which seems to be in the $200 average. I really doubt it will dip to under $100 ever. There would be a rush of buying it will raise the prices up with the quickness. A couple weeks ago I bought a few at $160 and bought stuff when it was $260. Ive also been mining bitcoin and other cryptocurrencies for a while now. Its not going anywhere

You're assuming that people will see a plummeting value and jump on it as a good opportunity to buy, rather than as a failing investment that is best left alone. There are no professional investors that would buy up a failing investment on the hopes that enough people out there will buy it for no reason and bring the value back up. Also, there's another really good online currency available, called the USD. Many people speculate about the volatility or imminent demise of the USD, but it sure has hell hasn't dropped 80% of it's value in 12 months any time in the recent past. And if it did, you can count on the fact that I won't be begging for more USD's. And at least the USD is backed by something that isn't purely electronic - does anybody really know what bitcoin is backed with?

[CandG]

Well with Liberty Reserve!

^ Spam poster. Tracking image buried in signature.

[80% Arms]

Still have not found a gun store that takes them!

We accept Bitcoins. It's an option in the payment screen.

[2DoorImpala]

Bitcoin should not be an investment, value drops when its not in use, bitcoin is just like the dollar. Backed by some person decided a piece of paper is worth something. Only with bitcoin you dont waste paper

[freonr22]

what is the value today?

[2DoorImpala]

$244, it has been sitting at $220 for a while

[altxf4]

If bitcoin or any altcoin can get to the point where goods and services are purchased and sold using the coin, and eliminate or delay the time it is exchanged to fiat...then the value will increase. As long as people are primarily playing the exchange rates, there will be no major gain in value.

I have been working with several Altcoin devs who would like to move away from exchanges being the bulk of transactions and move it toward everyday people using it as a means to purchase everyday items.

It could be very well that the currency side of bitcoin technology might fail, but the real power behind it is the block chain technology that I think credit card companies and other financial institutions should adopt.