Post
Topic
Board Bitcoin Discussion
Re: Well, it sure feels like 6 months ago.
by
FreeMonies
on 12/09/2011, 05:37:15 UTC
To date I've INVESTED $2000 into bitcoin, netting a profit of just shy of $600. I'm supremely confident that the $1400 loss will be covered over time.

Are you sure you know what this word means?


Quite sure. It takes money to make money!

But taking money and throwing it into a bottomless pit doesn't mean spending money on an investment. You seriously have no basic grasp of economics if you think something that has lost 50% of it's value in only a few days and has been on a steady decline for months is still viable? You can't just look at a year chart and say HEY IT'S ABOVE WHERE IT WAS.

...But it is higher than where it was? And after people cash out the price will stabilize. Once that happens business's like mine (openspacemovement.org) will feel confident enough to start accepting bitcoins as a form of currency. Once that happens the value will become incalculable!