Hold onto those Bitcoins!

[Howard]

The price of one Bitcoin surpassed the price of an ounce of gold for the first time in history on Thursday, a milestone some investors said solidifies the currency as "digital gold."

By Thursday evening, the price of one Bitcoin was $1,271, according to CoinDesk's Bitcoin Price Index. Meanwhile, gold per ounce was priced at $1,235, according to Oklahoma-based precious metals retailer APMEX.

 

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[vpnavy]

FWIW - I never heard of a "bitcoin" - so, I searched Google and found...COINDESK: What is Bitcoin? - Bitcoin is a form of digital currency, created and held electronically. No one controls it. Bitcoins aren’t printed, like dollars or euros – they’re produced by people, and increasingly businesses, running computers all around the world, using software that solves mathematical problems...

 

[redcobra8u]

I'll never "get" these things. I'll stay in my cave with my pile of gold! [emoji4]

 

[FelixtheCat]

The prospect of pure, electronic currency is frightening.

 

[kingskid1611]

I only know that Bitcoins are a digital currency and have no physical form.....watch out for scams.

 

[SeabeeRon]

I'll never "get" these things. I'll stay in my cave with my pile of gold! [emoji4]

Me too!

 

[Rawhide]

If you have ever watched Star Trek then you will understand the idea of no currency. But there is something about a Krugerrand that appeals to me more.

 

[Maximilian]

As someone who make for living from Bitcoin, i still keep bullion coins instead BTC.
Fellow detectorist beware and avoid BTC in near future. I expect ban from Chinese government so price will be probably halved until end of the month.

 

[jyt2017]

I believe one of its qualities is the fact it can't be tracked by the government. In other words I don't think they can ban it. As with all things online. Use caution. And common sense. If it's to good to be true don't do it.

i know bitcoins can be hidden in weird places. Like hard drives from old computers, etc. people have been know to discover millions. I know I don't get most of it either. Arrrggg!!!!

As someone who make for living from Bitcoin, i still keep bullion coins instead BTC.
Fellow detectorist beware and avoid BTC in near future. I expect ban from Chinese government so price will be probably halved until end of the month.

 

[Maximilian]

Well my personal opinion is that btc is made by USA government specilaly to track wise guys who think they r invisible. And yes they can't ban it, only shut down exchanges and tax mining making everything very complicated which will push general public away and put btc in bear market. I don't hope this will happen because will be bad for my business but I expect it since China need to find way to control capital flow more efficient.

Sent from my D5803 using Tapatalk

 

[Junar]

Btc is the most popular crypto currency presently. Bitcoin created a lot of noise around. In turn, I intend to buy bitcoins. I read a good article on how to buy bitcoin https://faqbitcoin.com/, but I want to hear recommendations for acquiring. How much coins can I get on bitcoins? I still didn't know whether to own the bitcoins.

 

[Tnmountains]

Pay Pal is also considering taking Bitcon or digital currency. My fear is Bitcon can be manipulated then collapsed.
Also unless you know a reliable broker you can be ripped off.

 

[SeabeeRon]

Me too!

I'll stick with my initial response!

 

[diggummup]

No cryptocurrency for me thank you.

 

[coinshooter]

So lets say they blow off one of those bombs that kills all electromagnetic devices (ie: anything that runs on electricity), (look up Project Starfish Prime on google, the US already did this in Hawaii years ago and discovered how dangerous this was). How is your "digital" bitcoin gonna work then?
You just lost all yer $ son.

 

[Johnnybravo300]

If you don't hold it, you don't own it. That's the truth.

It may be an investment opportunity but isn't even on the same level being a crypto currency.
How ya gonna trade bitcoin for anything if shtf. Gold and silver have both been real currencies since time began. It's like comparing apples to oranges.
Bitcoin exists the same as our fiat currency, by faith.

 

[Xraywolf]

Dang, I dug up a bitcoin but I thought it was a Chucky Cheese token and gave it to a kid !

 

[afreakofnature]

Sure wish i bought bitcoin when this was posted. That would have been a nice ROI

 

[trdking]

If I am allowed to be cynical about our governing rich in this countries desire to eliminate the middle class of America. I think that these types of schemes are created to send the middle class on a get rich frenzy. Once their cash is converted to BTC in a large enough volume, they crash it making more poor lower class candidates. They have done it repeatedly with housing, how much easier is it to do it with something that absolutely is not tangible? e.g. they don't get stuck with a house at the end. There is nothing there but air. and BTW last time I checked, I have not reported the pile of gold bullion I may or may not possess.