Bitcoin

**warmcome** · 30-03-13, 12:58

do you think it will take off??

http://www.technobuffalo.com/2013/03...n-to-bitcoins/

**client101** · 30-03-13, 13:00

Originally Posted by warmcome

do you think it will take off??

http://www.technobuffalo.com/2013/03...n-to-bitcoins/

Never, i'm trying to go back to cash!!

**Lucy Chambers** · 30-03-13, 13:04

Originally Posted by warmcome

do you think it will take off??

http://www.technobuffalo.com/2013/03...n-to-bitcoins/

It's taken off. Many websites accept them. It's a pain the ass to buy them though.

**livewire** · 30-03-13, 13:05

After the raid in Cyprus the value of bitcoins has doubled. A lot of people in Spain and Italy fear their cash will also be robbed by the EU, so it makes sense. No central bank or government can control bitcoins, so in my opinion its a better option than cash.

**warmcome** · 30-03-13, 13:06

Originally Posted by lucy chambers

It's taken off. Many websites accept them. It's a pain the ass to buy them though.

maybe i'll give you some? x

**warmcome** · 30-03-13, 13:11

Originally Posted by livewire

After the raid in Cyprus the value of bitcoins has doubled. A lot of people in Spain and Italy fear their cash will also be robbed by the EU, so it makes sense. No central bank or government can control bitcoins, so in my opinion its a better option than cash.

are they vulnerable in some way?

**livewire** · 30-03-13, 13:14

Originally Posted by warmcome

are they vulnerable in some way?

Like anything of value, they can be stolen ( by hackers in this case ). If you have your computer secured you should be ok, but I store mine on memory sticks that are rarely connected to the internet.

**client101** · 30-03-13, 13:18

Originally Posted by livewire

After the raid in Cyprus the value of bitcoins has doubled. A lot of people in Spain and Italy fear their cash will also be robbed by the EU, so it makes sense. No central bank or government can control bitcoins, so in my opinion its a better option than cash.

I'm no economist, but I cant see how these BitCoins are valued against other currencies, and like any currency I'm sure it will be vulnerable to price fluctuations. What's to stop people creating more and more of these coins and hence reduce their value the same way governments print money to get out of sticky situations. The reason gold is so popular, is there is only a set amount of it, and I know people keep finding more gold but its still a limited resource.
Ii could see serious issues with it later down the road if there was some financial disaster and you couldn't liquidise this so called currency.

**client101** · 30-03-13, 13:20

Originally Posted by livewire

After the raid in Cyprus the value of bitcoins has doubled. A lot of people in Spain and Italy fear their cash will also be robbed by the EU, so it makes sense. No central bank or government can control bitcoins, so in my opinion its a better option than cash.

I would rather have my money regulated by a Government, than a some company some where, who is regulating this company?

**funlover12** · 30-03-13, 13:20

I have some zimbabwe currency Im selling, this thread seems like a good place to sell them

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