Bitcoin Currency - New Investments, First Trust, Bar & Store Payments (Domino's Pizza

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a community supported watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Register a free account to join the discussions. When you register an account and log in, you may enjoy additional benefits including access to market data/charts and additional members only rooms (including one for trade/barter with the community).

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.
 
rblong2us said:
A little research would inform you that bitcoin is not a fiat currency
Click to expand...

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.
 
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/
 
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.
 
You must log in or register to reply here.
Back
Top Bottom