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Thread: Buying&Selling Bitcoins/Litecoins - Look in for more

  1. #11
    iowadawg's Avatar
    iowadawg is offline Free Cell Champion
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    Swiss franc won't spend well in Iowa.
    But bitcoins will.

    I believe as more financial institutions look into digital currency, that there will be some good valid alternatives to bitcoin.
    Or maybe bitcoin will get bought out or ownership will go to some large bank?

  2. #12
    TopDogger's Avatar
    TopDogger is offline Über Hund
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    It is hard to put a value on something that doesn't exist in a physical form and is not backed by anything.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  3. #13
    iowadawg's Avatar
    iowadawg is offline Free Cell Champion
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    The value is placed on bitcoin by the people buying and selling bitcoins.
    Remember, there is only a certain amount of bitcoins.
    That amount does not increase or decrease because of value.
    Or because someone may want to buy more than there is.

    Unlike fiat money....where the nearest printer is working overtime to print more.
    And there is NOTHING backing any physical money except for the governments and financial institutions promising to pay so much for each piece of paper.

  4. #14
    TopDogger's Avatar
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    Quote Originally Posted by iowadawg View Post
    Unlike fiat money....where the nearest printer is working overtime to print more.
    And there is NOTHING backing any physical money except for the governments and financial institutions promising to pay so much for each piece of paper.
    But no one backs bitcoins and no one promises to pay anything, which is what makes bitcoins more volatile and controversial.

    I am surprised that any online merchants recognize bitcoins.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  5. #15
    Franc Tireur is offline Senior Net Builder
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    For our friend who is a bitcoins fan


    Regulator to sound alarm on bitcoin



    A warning to some users to stop trading in the virtual currency

    http://www.marketwatch.com/story/regulator-to-sound-alarm-on-bitcoin-2014-02-24
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  6. #16
    TopDogger's Avatar
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    Last edited by TopDogger; 26 February, 2014 at 22:40 PM.
    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote." -- Benjamin Franklin


  7. #17
    Franc Tireur is offline Senior Net Builder
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    Mt. Gox Files for Bankruptcy Protection


    Bitcoin Exchange Had $63.6 Million in Outstanding Debt

    Bitcoin exchange Mt. Gox said Friday it was filing for bankruptcy protection after losing almost 750,000 of its customers' bitcoins, marking the collapse of a marketplace that once dominated trading in the virtual currency. The company said it also lost around 100,000 of its own bitcoins. Together, the lost bitcoins would be worth approximately $473 million at market prices charted by the CoinDesk bitcoin index, although the price of Mt. Gox bitcoin had fallen well below that index after it stopped bitcoin withdrawals in early February. (See a timeline of Bitcoin.)
    Speaking to reporters at Tokyo District Court Friday after the bankruptcy filing, Mt. Gox owner Mark Karpelès said technical issues had opened the way for fraudulent withdrawals, and he apologized to customers.
    "There was some weakness in the system, and the bitcoins have disappeared. I apologize for causing trouble," Mr. Karpelès said during a packed news conference at the Tokyo District Court press club.
    The company's lawyer said at the news conference that Mt. Gox had outstanding debt of about ¥6.5 billion ($63.6 million) with assets worth ¥3.84 billion
    Bitcoin Exchange Mt. Gox Files for Bankruptcy Protection - WSJ.com

    This is the end of Bitcoin!
    Those who can make you believe absurdities can make you commit atrocities.

    Voltaire


  8. #18
    curex is offline Newbie Net Builder
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    Hello .

    Im available for honest/serious exchanges ! All good/serious/honest peoples/clients who want exchange are always Welcome !

    Contact.
    ICQ : 639614247
    Yahoo : cccurex@yahoo.com
    Skype : curexineurope

  9. #19
    curex is offline Newbie Net Builder
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    Hello friend´s . Need any E-currency exchange?

    then Contact with Us.

    ICQ : 639614247
    Yahoo : cccurex
    Skype : curexineurope

    Cheers.

  10. #20
    curex is offline Newbie Net Builder
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    Hello friend´s . Need any E-currency exchange?

    then Contact with Us.

    ICQ : 639614247
    Yahoo : cccurex
    Skype : curexineurope

    Cheers.

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