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Old 07-12-2013, 07:40 PM   #1
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Bitcoin Currency - New Investments, First Trust, Bar & Store Payments (Domino's Pizza

Discussing the advances and new investments ;

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Old 07-13-2013, 07:33 AM   #2
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Bitcoins are just another fiat currency. No backing whatsoever and they crashed tremendously in the past.

I would pay more attention to gold and silver.
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Old 07-13-2013, 08:43 AM   #3
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Originally Posted by Potemkin View Post:
Bitcoins are just another fiat currency. No backing whatsoever and they crashed tremendously in the past.
A little research would inform you that bitcoin is not a fiat currency
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Old 07-14-2013, 05:18 AM   #4
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Originally Posted by rblong2us View Post:
A little research would inform you that bitcoin is not a fiat currency
Nothing is backing it. No intrinsic value. No backing.

I'm not the only one saying this...

But Bitcoins are not precious metal coins... of course.
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Old 07-14-2013, 06:35 AM   #5
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There are only about 11 million Bitcoin at present, in total there will only ever be 21 million.

Fiat does not possess this 'limited supply' property - it can be printed in unlimited amounts, which ultimately has the effect of devaluing the previously existing fiat. (That is why Rblong2us said a little research would show you that Bitcoin is nothing like fiat.)

Personally I like Bitcoin, but there is a thread on this forum that discusses some more in depth views for and against it, which could be interesting to you.

http://www.pmbug.com/forum/f4/bitcoin-discussion-2207/
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Old 12-30-2013, 05:17 AM   #6
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I'm into Bitcoin as well. Just recently read that US banking system has become an extension of the NSA and the surveillance state. Couldn’t agree more that Bitcoin is such a currency and freedom loving people should and will embrace it.
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