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Thread: Bitcion's a FAD, same as bell bottom jeans

  1. #11

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    Quote Originally Posted by PMnut View Post
    Price of Bitcoin is about 6770 right now, June 16, 2017 it was 1900. It is not yet the tulip you portray it to be.
    For the main stream folk that got in when Btc was on the news everyday it has become a tulip bulb story, causing market destruction.

  2. #12

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    Quote Originally Posted by PMnut View Post
    Price of Bitcoin is about 6770 right now, June 16, 2017 it was 1900. It is not yet the tulip you portray it to be.
    gold raced from 270 to 1900 and is now 1350 but for years we have to hear remarks about the " disaster" When bitcoin raced from a couple of hundred dollars to almost 20,000 and now is under 7,000 we are not allowed to smile...nor call it a Tulip market. People who are brutal when they talk about gold are talking like pucelles when it concerns Bitcoin.
    Depends which mindsets people are living in.

    Golditiki2+++

  3. #13

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    I don't think it is a fad. Bitcoin probably means a lot more to people living in countries whose national currencies are being inflated like crazy. Think Venezuela. Bitcoin's price may have been speculated on but it still has use cases as a store of value and as a decentralized borderless medium of exchange.

  4. #14

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    Venezuelan gov't is very concern about btc fad

  5. #15

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    Quote Originally Posted by SilverBullionSG View Post
    I don't think it is a fad. Bitcoin probably means a lot more to people living in countries whose national currencies are being inflated like crazy. Think Venezuela.
    That won't work, because you need internet connection, a hightech device plus power to operate it for your cryptocoin trading. Prices of all three will skyrocket while your national currency plunges.

  6. #16

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    I've read that the power companies in Venezuela now take PMs, ammo and food in trade for services renders. No funny monies...
    Small business is the incubator of employment. As it declines, so too do opportunities for first jobs, second chances and economic independence.

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