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Old 04-11-2013, 03:29 PM   #46
DenverBrit
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Join Date: Aug 2005
Location: Denver
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Bitcoin really is nothing more than a speculative play.....or revenge of the nerds. Maybe if they can find a sensible way to stablize it and keep it stable, it will serve a function, but for now, it's a hackers wet dream.

Bitcoin Is No Longer a Currency
It's the ultimate dotcom stock


Quote:
Bitcoin might be a bubble or it might be THE FUTURE, but there's one thing it's not: a currency. It's a tech stock. The question is whether it's Pets.com or Paypal.
http://www.theatlantic.com/business/...rrency/274859/

Bitcoin crashes, losing nearly half of its value in six hours
Plunge happens on the same day one anonymous redditor made it rain in Bitcoin.


Quote:
On Wednesday afternoon, the Bitcoin bubble appears to have burst. As of this writing, its current value is around $160ódown from a high of $260. (It fell as low as $130 today.)
Quote:
Though it wasn't the original intent, BTC is now a commodity. People don't spend; they hoard, hoping to cash in. Well, it looks like they cashed in.
http://arstechnica.com/business/2013...-in-six-hours/
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