I am new to bitcoin and need some advice.

Discussion in 'Intelligence & Machines' started by aaqucnaona, Sep 28, 2013.

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  1. Syzygys

    Syzygys As a mother, I am telling you Valued Senior Member

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    It is not better, it is worse. Bitcoiners don't get that somebody always has to pay the piper. If the vendor saves 3% on not using CCs, the bitcoiner loses close to that much by converting to Bitcoin. The free lunch only exists for Dorian Nakamoto.

    Actually, since there is no chargeback and protection, paying with bitcoin is specially bad for the buyers....That's why it is good for the vendors, they don't have to take the product back....
     
    Syzygys, Mar 9, 2014
    #121

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  3. Syzygys

    Syzygys As a mother, I am telling you Valued Senior Member

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    Losing 66% of its value (from 1200 to 400) is not popped? I consider that burst.... The reason why it is still relative strong at $700 is because the demand from investors money for investing opportunities is too high. Simply there is just not that many good (and quick) money making ideas. But in the long run more virtual currencies will come on and reality will set in and volatility will die down and price will slowly come down....
     
    Syzygys, Mar 9, 2014
    #122

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  5. Billy T

    Billy T Use Sugar Cane Alcohol car Fuel Valued Senior Member

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    One more blow to bit coin:
     
    Billy T, Mar 27, 2014
    #123

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