2 votes

Bitcoins $60.00... Rises while FIAT currency continue to fall

Hey Everyone,

Back here with an update on Bitcoin. It's trading at about $46.50 this morning and as I predicted well on it's way to $100 and over. Who would have thought that a currency modeled on principles held within the Austrian school of economics would flourish against those FIAT paper currencies that those Keynesians love so much.

I know for some, Bitcoins is a concept so far removed from the current paradigm it's difficult to make the mental leap. Those people will get left on the side of the road, for your own sake do some research and try to understand the mechanics behind it. If anybody should be on board with this it's libertarians. It is really an ingenious and Revolutionary concept. What's so exciting about it is we still at the beginning of it all.

Online retail stores are just beginning to accept Bitcoins. Other business are opening the doors, exchanges are opening up, and eventually it will become more popular than any FIAT currency.

Fight for Liberty use Bitcoins

http://www.iexpats.com/2013/03/bitcoins-hit-peak-as-real-cur...

http://www.forbes.com/sites/saranyakapur/2013/03/05/bitcoin-...

http://blogs.barrons.com/emergingmarketsdaily/2013/03/05/mee...

http://www.techweekeurope.co.uk/interview/bitcoin-the-curren...



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Not a single thing to buy with Bitcoins here in Indiana.

Bitcoins is dead in the water, as far as I'm concerned.

"Timid men prefer the calm of despotism to the tempestuous sea of liberty" TJ

Is there a Bit Coin in USD vs Time chart ?

I always wanted to follow Bit Coin like I follow currencies and stocks; but I haven't come across a good chart that tracks the fluctuating value of Bit Coin.
TIA!

I wanna buy more...

Hopefully they come down... Unfortunately, all of the financial uncertainty in the world fortifies their existence and they will keep going up. I wouldn't be surprise to see them peak at 150.00$. Adaptability for them keeps growing. I was in a rush the other day and I had to purchase some software online. I paid with bitcoins and man it was really fast!!! I hate putting my personal information for online purchases. It literally took longer for me to Set phone to pay via a qr code than for me to receive confirmation of my payment. I sincerely believe there will be a rush to bitcoins in the near future. We are definitely starting to see it in Europe.

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

i sold some silver a few weeks ago

and got around $34 an oz, less after selling fee's. bought some bitcoins with that money at $29 and sold a few $1000 in bitcoins yesterday at over $50. wish i would have waited till today but i needed cash fast. the bitcoin selling fee's are similar to silver but much faster and easier.

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016

Google Chris Duane, Silver Bullet Silver Shield and Learn!

Google Chris Duane, Silver Bullet Silver Shield and Learn!
he
Bitcoin has ZERO intrinsic value!

Max Keiser apparently started bitcoin (the Japanese author of bitcoin was apparently made up); Max and others at the early stages of this PONZI SCHEME -- yes it IS fiat money! -- are getting filthy rich!

Principle is principle whether libertarians are getting rich from it or not.

Bitcoin is driven by greed, is a ponzi scheme, has zero intrinsic value, and will collapse over time.

A pox upon it!

Ron Paul 2012
The Champion of the Constitution

At the cross Jesus Christ defeated sin, death, hell, and the new world order.
C’mon boys, let’s take the plunder!

High security and lack of

High security and lack of government interference could be considered a sort of intrinsic value. It seems like you're yelling at the wall for existing. There are digital currencies in video games.

http://www.imbuygold.com/World-of-Warcraft-US/Warcraft.aspx

I'm not saying that it's better than Gold, silver but I think ignorance and fear are playing a big role in the sudden disdain and hatred I see toward BitCoin.

Chris Duane was dishonest:

That vid was filled with bias and laced with truth followed by deceptions. Not a good way to go to learn the facts.

“I’m fully diversified. I’ve got some under the mattress, some under the floor boards, some in the backyard.”

bwahahahaha!

Chris Duane? Bwahahahaha!

That guy is a FRAUD!

I lost all respect for that dude. His Bitcoin Vids are just Propoganda fear mongering with no real substance behind it.

Chris Duane....pfff, What a Joke.

"Max Keiser started Bitcoin"

This fear mongering comment grants you zero credibility. If you are a bitcoin hater, I suggest you bring real facts to support your claims.

The Red Coats are coming!

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"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

what just happened

did you just chemtrail this thread or what? ;)

Official Daily Paul BTC address: 16oZXSGAcDrSbZeBnSu84w5UWwbLtZsBms
Rand Paul 2016

Hey!

Credit where credits due!

It's all yours man!!!

..... Lol!!! I just really prefer your plane to mine...

"We’ve moved beyond the Mises textbook. We’re running in the open market." - Erik Voorhees

j/k

You started it. Kudos.

Just wondering...

Doesn't Bitcoin fall in line with the globalist agenda of a cashless society?

Good question.

Although the bitcoin network is very transparent, (Everyone can see where every bitcoin has ever been), You can only see, what digital wallet it has been to, but not who owns the wallet.

It would be akin to watching money fly around swiss numbered accounts (back when swiss numbered accounts were anonymous), but not knowing who owns the account.

A cashless society would be a great convenience if it were anonymous and allowed privacy. Bitcoin offers that. A cashless mastercard/visa society not so much.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

I'm guessing the answer is "not necessarily"

It's feasible that someone could start handing out physical "warehouse receipts" for bitcoins that people could then start trading like paper money (backed by whatever it is that bitcoin pretends to have as its intrinsic commodity-like money legitimacy).

Taking receipts for bition would be insane

Arguably bitcoins resistance to Fractional reserve lending is its most valuable feature. Because Bitcoin is free to hold and transfer, taking a receipt for it is introducing third party risk for no reason.

Because all other forms of money (gold, silver, tabacco, sheep, wheat) costs money to store and secure you tend to hold it at third party locations, and use receipts.

I think history will judge this bitcoin benefit above all others that provided humanity with its freedom.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

So then it is a "cashless society" NWO ruse?

Thanks for the warning.

The exciting part for me is that liberty lovers....

are the ones getting rich.

Usually liberty lovers fight for the cause at great cost to themselves. No this time. This time liberty lovers and greedy people both do the same thing. End the Fed.
Times, they are exciting.

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

Tell that to NotHaus

.

Phxarcher87's picture

You say what is bitcoin?????

this should help some fresh new minds :)

http://evoorhees.blogspot.com/2012/04/bitcoin-libertarian-in...

One of the biggest pitfalls in a "movment" is the temptation to get cultish about it and refuse to realize that it is only part of the picture. -Joel Salatin ; You Can Farm pg 202

Bubble or not?

I think those who are concerned that this is a bubble do have some merit.

While my long-term outlook on Bitcoin is extremely bullish by today's standards (I'm thinking six-figures or more), the carrying capacity for bitcoin at present is roughly $20-$30 in my honest opinion. Bitcoin has a LONG way to go before it's as easy to use as cash/credit, and it's still very tough to get a hold of.

So yes, I believe we will experience a "crash" in the near future, but it won't be the end of Bitcoin, despite what the pundits on this site will say. I can hear it already: "Look at your precious Bitcoin Ponzi-Scheme now, bwahahahaha!"

I don't understand the agendas

You don't have to like bitcoin if you don't want to. It's a competing currency, and nobody is suggesting that anyone dump everything into bitcoins. I hold gold, silver, copper, and platinum bullion. I have US dollars, and I have bitcoins. All fairly different currencies, and all have their advantages. If my metal is confiscated, my money is taxed, I still have bitcoins, which is anonymous. Competing currencies is a good thing.

How is bitcoin NOT a fiat

How is bitcoin NOT a fiat currency??

It's not by decree and it

It's not by decree and it cannot be printed. Look up the wiki definition of fiat.

And if one knows nothing about BC, one would expect that hackers would be able to hack BC or copy the coins digitally. An understandable response, it was my first reaction as well.

But apparently, cryptography has come a long way. Apparently, it IS possible to prevent a BC from being digitally duplicated. They do this through the blockchain, which is a brilliant invention. It's basically an accounting ledger of ALL transactions that has been spread through the network. With this accounting ledger, EVERY BC that has ever been spend has been accounted for. You would need atleast half the computing power of all the computers these ledgers exist on in order to compromise the network.

But they could never keep such an attack quiet. I would welcome any such attack, since it could only make the position of the government weaker IMO if they attempted such an attack.

Fiat means by decree...

No one is forcing anyone to accept bitcoin. People are voluntarily accepting it.

Next Question?

www.SuccessCouncil.com
Protect your assets and profit from the greatest wealth transfer in history.

Ummm, that was kinda my

Ummm, that was kinda my point? BC is not fiat.