Also see related recent Max Keiser material about Bitcoin here:
Immoral funding of Military Industrial Complex by Federal Reserve and US taxation system must stop!!!! End illegal/unconstitutional wars! Preserve US currency!
That was how Max tried to shill bitcoin's value when Alex referred to it as "Farmville"
Max said it was like email.
Ok, but each email is free to send and receive.
That is where the price of bitcoin should logically be headed
as more crypto currencies come online
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Bitcion is free (no bank processing fee's), that's why there is demand for the unit of account to transfer value within the network (bitcoins).
The Red Coats are coming!
The other cool thing about crypto currencies is that the opinions of shills and manipulators are irrelevant, unlike in the traditional financial, monetary and stock markets. Volatility is your friend.
If it weren't for the volatility, companies could price their goods in bitcoin (rather than in USD or whatever and converted to bitcoin at the time of sale), salaries and monthly rent and so on could all be defined in bitcoin, etc. Bitcoin could function as a currency, rather than as a digital commodity.
Volatility is why it would be unwise to put money into bitcoin that you might need to use to pay the rent next month. The volatility adds a gambling component to anything you want to do with bitcoin, even the things that bitcoin would otherwise be perfect for such as international money transfers.
If you could take the volatility out of bitcoin it would go to a million dollars in a heartbeat. :-)
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