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Old 04-09-2013, 11:33 AM   #1
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Default Thoughts on Bitcoin

Bitcoin's going insane - it's growth is ridiculous. Around a week ago prices broke the $100 barrier for the first time, and as of today it's broken the $200 barrier. Everyone says it's a bubble, and it probably is - but if it is, when do you think it'll crash and how much longer (if at all) do you think it'll rise before crashing?
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Old 04-09-2013, 08:46 PM   #2
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Default Re: Thoughts on Bitcoin

I think things are overly excited, but not to the extent of a bubble. There was a need to make a dent in PayPal's empire, and BitCoin saw to it.
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Old 04-10-2013, 01:33 AM   #3
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Default Re: Thoughts on Bitcoin

I wouldn't use it. At the rate hackers are getting in to accounts it's a security nightmare.
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Old 04-10-2013, 08:08 AM   #4
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Default Re: Thoughts on Bitcoin

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Originally Posted by setishock View Post
I wouldn't use it. At the rate hackers are getting in to accounts it's a security nightmare.
If you keep your own wallet on your own personal computer, then you're not really at risk - it's only really a potential issue if you keep it in one of the online exchanges that hackers may target.
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Old 04-10-2013, 08:29 AM   #5
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Default Re: Thoughts on Bitcoin

My thoughts: WTF is it?
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Old 04-10-2013, 09:30 AM   #6
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Default Re: Thoughts on Bitcoin

It's a P2P, decentralised "currency".

https://www.weusecoins.com/en/
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Old 04-10-2013, 10:09 AM   #7
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Default Re: Thoughts on Bitcoin

Ok so I barely (if at all) understand it but...seems like a fad. I don't know, seems like it's too much work. How do you get them? You have to buy them? I saw where it said that it's not worth it to CPU/GPU mine them, because it's not profitable. So they want people to buy them or to setup stores and sell things and accept bitcoins instead of money? Nah, I'll just take money thanks.
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Old 04-10-2013, 11:21 AM   #8
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Default Re: Thoughts on Bitcoin

Quote:
Originally Posted by berry120 View Post
Bitcoin's going insane - it's growth is ridiculous. Around a week ago prices broke the $100 barrier for the first time, and as of today it's broken the $200 barrier. Everyone says it's a bubble, and it probably is - but if it is, when do you think it'll crash and how much longer (if at all) do you think it'll rise before crashing?
I think that by the end of 2014, Bitcoin will probably crash. I see where they are going with this, but I just dont think it will last.
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Old 04-10-2013, 06:11 PM   #9
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I think that by the end of 2014, Bitcoin will probably crash. I see where they are going with this, but I just dont think it will last.
I think you're probably right in all honesty - especially given the fact that as of today it's hugely started to crash anyway!
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Old 04-11-2013, 08:18 AM   #10
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Default Re: Thoughts on Bitcoin

http://mashable.com/2013/04/11/bitco...t-ddos-attack/
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