General Discussion

TampaAnimusVortex

(785 posts)

56. Investing in bitcoins is investing in the utility of the underlying technology...

Thu Feb 27, 2014, 10:27 AM

Feb 2014

Sure it's a deflationary currency (meaning it will gain value, all things being equal)... and that's fine and dandy. But where it really shines is it's a payment network.

Investing in bitcoin is like buying shares of Paypal or Western Union.... but theres more, far more...

http://www.fool.com/investing/general/2014/02/08/3-game-changing-uses-for-bitcoin-that-have-nothing.aspx

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Bitcoin ATM maker announces plans to expand to U.S. and beyond [View all] phantom power Feb 2014 OP

Palm scanning and pictures? seattledo Feb 2014 #1

This isn't a right or left issue - Bitcoin is just the beginning... TampaAnimusVortex Feb 2014 #9

It's kind of a shame that bitcoin got associated with the "it's like gold" meme phantom power Feb 2014 #23

Why on Earth would I possibly want to be involved in this? arcane1 Feb 2014 #2

Come on. Unregulated, virtual money that exists with the very secure confines of your computer? Tommy_Carcetti Feb 2014 #18

Sounds squirrely as hell to me, too. MADem Feb 2014 #27

Lol tridim Feb 2014 #3

1636: these new tulip bulb ATMs are the latest thing. longship Feb 2014 #4

Can someone explain what the hell "bitcoin" is? madinmaryland Feb 2014 #5

Something quickly disappearing into history. joeglow3 Feb 2014 #6

I heard that same thing 6 months ago... TampaAnimusVortex Feb 2014 #7

Too many true believers for it to truly die, however cemaphonic Feb 2014 #12

Materially, yes it is dead. joeglow3 Feb 2014 #13

hmmm. Someone should tell the market that then... TampaAnimusVortex Feb 2014 #15

So were tulip bulbs in holland. joeglow3 Feb 2014 #16

And they were saying that last February also... TampaAnimusVortex Feb 2014 #17

And Beanie Babies in the 90s LynneSin Feb 2014 #20

See post 9 - get educated and come back... TampaAnimusVortex Feb 2014 #21

Oh I have alot of clue what I'm talking about. Rolling Stone Magazine had some great articles. LynneSin Feb 2014 #24

Rolling stone! LOL! TampaAnimusVortex Feb 2014 #32

So if I answer all those questions I get a star or something LynneSin Feb 2014 #33

Man... you just buy into all that main stream media stuff don't ya? TampaAnimusVortex Feb 2014 #36

Whatever LynneSin Feb 2014 #38

Name the person at the top of the pyramid... TampaAnimusVortex Feb 2014 #41

Sorry I don't really track the top scores in blackmarket business and money laundering LynneSin Feb 2014 #45

Oh, Im already safe... TampaAnimusVortex Feb 2014 #46

You do know what a pyramid scheme is don't you? LynneSin Feb 2014 #48

No, my point is that there is no "TOP" TampaAnimusVortex Feb 2014 #50

How do you know the media is wrong about the MtGox fallout? cemaphonic Feb 2014 #52

I'll play cemaphonic Feb 2014 #51

Yawn... TampaAnimusVortex Feb 2014 #53

What can I invest my bit coins in? joeglow3 Feb 2014 #55

Investing in bitcoins is investing in the utility of the underlying technology... TampaAnimusVortex Feb 2014 #56

I am not questioning uses for the technology behind it joeglow3 Feb 2014 #57

You are correct somewhat... TampaAnimusVortex Feb 2014 #58

Well, ENRON stock was all over the page too, before it finally crapped the bed! MADem Feb 2014 #28

Yawn... this is a normal day for bitcoin... it dies all the time apparently. TampaAnimusVortex Feb 2014 #31

Yah, well, you seem awfully interested in defending it in this thread. MineralMan Feb 2014 #35

Wake yourself up...I'm not touching that stuff with a ten foot pole! MADem Feb 2014 #54

I want no part of this. zappaman Feb 2014 #8

#1 pro to bitcoins: cemaphonic Feb 2014 #11

Yes. sagat Feb 2014 #14

The face of Bitcoin: Tommy_Carcetti Feb 2014 #10

Maybe they should hold off on that for awhile...... LynneSin Feb 2014 #19

So this guy is the new Bernie Madoff? Skidmore Feb 2014 #22

I was thinking of that when I wrote my last post (scroll up) LynneSin Feb 2014 #25

I suggest they work on their data security and other issues MineralMan Feb 2014 #26

Mt. Gox made a giant blunder when they decided to sidestep the proper blockchain tech phantom power Feb 2014 #29

You're probably right. MineralMan Feb 2014 #30

I see this as nothing more than a giant pyramind scheme LynneSin Feb 2014 #34

Libertarians and Linux afficianados love bitcoin. MineralMan Feb 2014 #37

Well I was just yelled at by another poster for reading Mainstream media LynneSin Feb 2014 #39

But, see, Libertarians believe that their systems are MineralMan Feb 2014 #43

Digital currency is apolitical - its a tool, neither right nor left. TampaAnimusVortex Feb 2014 #40

Here's what I think: MineralMan Feb 2014 #42

FUD - (Fear Uncertainty and Doubt) TampaAnimusVortex Feb 2014 #44

Ah...have a pleasant day for yourself. MineralMan Feb 2014 #47

Next they'll want your Social Security number and Google account password jsr Feb 2014 #49

Arrrrr ...gather to me L0oniX Feb 2014 #59