Jay Wessman
Well-Known Member
Sure it's a risky investment. Only put in what you can afford to lose.
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I get the Arizona news in my inbox every day. Yes, I live in Canada but have been to AZ many times and love it there.
Anyway, this was one piece of news that arrived today.
Bitcoin: $500 to $900 and Back Again in a Day
O'brian says it best
O'Brien says that Bitcoin is the new Segway: a technological marvel that dazzles nerds but will fail to catch on with ordinary consumers. Bitcoin is comically impractical, he suggests: "The people who have bitcoins have no reason to spend them, and the people who don't have no reason to get them. They don't want a currency whose value you can't predict from one hour to the next. They don't want to buy things anonymously. And they don't want transactions to be irreversible."
A friend of mine bought 3,000 bitcoins back when they were real cheap, he's basically a millionaire now but he's not willing to sell them until they hit $1k per bc. Never used any myself though, probably would have if Silk Road didn't get shut down last month.
Wow, that is awesome. Do you know how much he bought each one for? That is pretty amazing.
Well, I say a friend of mine, what I meant was a friend of mine works with this guy who has 3k bitcoins, so I'm not exactly sure on the details, but I think he bought them for like less than $3000. He offered to give a single bitcoin to my friend who is oblivious to the whole thing and declined it... damn fool I need me some free bitcoins