bigmanjoe95 wrote

PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.

There are multiple places with bitcoin atms, and some business in the us actually accept bitcoin.

I'm not talking about small companies, I'm talking about Governments. Such as the US Government. Also, the Chinese Government, both have said it's not a legitimate form of currency.

alli3d_p0w3r wrote this document i found relating to what can happen with encrypted currency on illegal markets

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the onyl problem with bitcoin si that it has the potential for large scale crime if you look at mt gox they allegedly "lost" 200thousand bitcoins

Security is just a big problem in general. Personally I believe mt. gox was a scam to start. Probably the safest exchange group thats been out there has to be BTC-e.

PinkieShy wrote

bigmanjoe95 wrote

PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.

There are multiple places with bitcoin atms, and some business in the us actually accept bitcoin.

I'm not talking about small companies, I'm talking about Governments. Such as the US Government. Also, the Chinese Government, both have said it's not a legitimate form of currency.

My thoughts with this are that you are right they dropped to some agree because of it. Although at some point, everyone including the gov. will soon realize that It has its pros, and how it could benefit both the consumer and/or producer.

PinkieShy wrote

bigmanjoe95 wrote

PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.

There are multiple places with bitcoin atms, and some business in the us actually accept bitcoin.

I'm not talking about small companies, I'm talking about Governments. Such as the US Government. Also, the Chinese Government, both have said it's not a legitimate form of currency.

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here 17 places that think its a legit currency

by the way dont forget your scratching the surface theres
aroura coin which is a crypto currency of iceland
potcoin ( say it in the name used to but medical marijuana)
litecoin
feathercoin
dogecoin
...etc

alli3d_p0w3r wrote

PinkieShy wrote

bigmanjoe95 wrote

PinkieShy wrote They dropped because most governments aren't even saying they're a legitimate currency.

There are multiple places with bitcoin atms, and some business in the us actually accept bitcoin.

I'm not talking about small companies, I'm talking about Governments. Such as the US Government. Also, the Chinese Government, both have said it's not a legitimate form of currency.

[ Register or Signin to view external links. ]

here 17 places that think its a legit currency

by the way dont forget your scratching the surface theres
aroura coin which is a crypto currency of iceland
potcoin ( say it in the name used to but medical marijuana)
litecoin
feathercoin
dogecoin
...etc

With Bitcoins being the main/most known cryptocurrency they have been getting more and more attention honestly. For both the pros and cons on this conversational topic. It could be a wonderful idea to a rising entrepreneurs. Examples would be BTC Debit cards, Robocoin ATMs, investors are planing to revive Mt. Gox. and tons more. But with more and more people understanding/acknowledging it, hopefully it will spread and bigger companies will accept it.

I personally will never invest my money into cryptocurrency for obvious reasons of it could end.

CryptoCurrencies won't die. They will just fluctuate, there is a demand for them especially in deepweb where all transactions are done using various coins.

Where there is a demand, the market will never fall.

What is Bitcoin you ask?

Bitcoin is a peer-to-peer payment system introduced as open source software in 2009. The digital currency created and used in the system is alternatively referred to as a virtual currency, electronic money, or a cryptocurrency because cryptography is used to control its creation and transfer.

skatertg wrote CryptoCurrencies won't die. They will just fluctuate, there is a demand for them especially in deepweb where all transactions are done using various coins.

Where there is a demand, the market will never fall.

Well said, there is a guaranteed deflation. Which eases my faith/belief with cryptocurrencies.

It's been on a steady decrease for a good month. It did take a hard hit today but that's the beauty of Crypto Currencies. Sometimes it goes up and other times down.

$300 for 1 BC? Seems good to me. I don't know what they are but $300 is a decent amount.