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Old 04-11-2013, 09:23 PM   #63
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Join Date: Nov 2006
Posts: 5,126


Originally Posted by DenverBrit View Post
The only value Bitcoins have is whatever the next guy will pay.

Calling it a commodity is generous; commodities have a market value, like housing, they have a 'floor,' you don't lose everything......assuming it's not a futures margin.
Bitcoins are imaginary 'monopoly' money and an interesting speculative gamble where you can lose 'everything.'

To be a 'currency' it must be indexed if it is to be stable. For now, it's a high risk, short term play. There is money to be made if you can afford to lose it all.

Blackjack is safer.
^^ this sums it up very tidily
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