Quote from: threecats on March 11, 2014, 06:33:14 PM

Quote from: kkaspar on March 11, 2014, 06:25:01 PM

Quote from: gizmoh on March 11, 2014, 06:01:10 PM

NEW YORK (MarketWatch) -- The Financial Industry Regulatory Authority, or Finra, on Tuesday issued an investor alert on bitcoin, saying digital currencies are "more than a bit risky." The agency said the alert was intended to caution investors about the risks inherent in buying and using digital currencies like bitcoin. That includes risks from speculative trading and potential fraud related to bitcoin companies, the alert said. The move came after the collapse of the bitcoin exchange Mt. Gox in late February, which filed for bankruptcy in Japan and the U.S. said it lost customers' bitcoins. "Digital currency such as bitcoin is not legal tender," the Finra alert said, which also warned about the lack of safeguards in place for consumers, the irreversibility of bitcoin transactions, and its association with illegal activities.

http://www.marketwatch.com/story/finra-alert-says-bitcoin-more-than-a-bit-risky-2014-03-11?reflink=MW_news_stmp

Goodbye Wall Street/Institutional Money..

The thing that makes bitcoin risky, is it's history. For the first years, bitcoin was mainly a tool for black market trade, and there have been plenty of situations where a large number of coins have been stolen by computer crackers and confidence man.
This creates this situation, where in all probability, most of the coins are actually owned by criminal minded people. To invest in bitcoin, means that you are trusting these anonymous criminals to hold their coins, instead of dumping and acquiring your wealth as their own. No serious investor will take this risk with serious sums of money.
I think that this will mark the final demise of bitcoin, when the regulators see that you can't have any certainty about the past history of bitcoin. It means that there will probably be a new digital currency, that will be sold from an already regulated market system and by that, creating a more transparent and trustworthy ownership history.

dude, why are you even still here? don't you have better things to do with your life if you truly believe all the dark negative shit you constantly spew about bitcoin? why are you pissing away your life on this forum? seriously. you only have x number of moments in your life. why waste them here?

I don't believe all the dark negative shit, but I believe the things, that I myself have been saying for some time now. I mostly come here to balance things out and to give some criticism to all this senseless cheering. I think that I'll probably get banned soon, so you probably don't have to see my name again. Can't be sure on not seeing my criticism again tho.