I'm just sayin, GET OUT NOW! bit coin bout to go face up

http://thehackernews.com/2013/11/Bitcoin-Satoshi-Nakamoto-Ross-William-Ulbricht-Silk-Road.html

this is either a grab at as many bit coins as possible by the wealthy before the market really takes off or its the beginning of the end.

for one if nakamoto is ever outed i got a feeling the whole mystery draw to the bit coin will go face up, especially if its announced the bit coin was only invented so he could run silk road without fear of persecution.

what do you guys think? i feel like the masses will sell soon..... and this is probably what i would do if i had any bit coins but IDK, a lot of money could be made here...

I hear talk of making this a Global Currency, but there is nothing to back it. I suggest buying gold and silver.

it's the way to the NWO?

that article didnt really say anything about anything

i don't really know enough to say how much like our own fiat currency bit coin really is but it really feels the same.

http://en.wikipedia.org/wiki/Special_drawing_rights looks more like a one world currency then Bitcoin. bit coin feels like a checking acct with an exchange rate?!~?!? it kinda feels redundant and stupid but idk enough about economy to truly comment, thats why I'm here

you guys see someone spent 147 million in bit coins the other day?

http://www.coindesk.com/194993-btc-transaction-147m-mystery-and-speculation/

those are some big boy numbers....

GreenSummit said:

that article didnt really say anything about anything

Click to expand...

i know your probably scared to click linked text cause it feels like an ad but in this case its not.... its all the sources.... like the PDF from the scientist.

https://s3.amazonaws.com/s3.documentcloud.org/documents/839348/silk-road-paper.pdf

bit coin will go up in smoke. its because it has nothing to back it. more and more people will realize that if they cant touch it, whats the point. its cant become a currency because it has no backing. its all code and numbers. its not a safe haven, one hacker is all it will take for everything to be lost. when you start telling people give me cash for a coin that you can only get with a smart phone or computer. it will ware off fast. people will get tired of not being able to grab onto something.

what is the point of bit coin if you are not going to use it for nefarious purposes. If it is electronic trasfer of funds there other ways to do it, Western Union, Paypal ect.

why gamble on something that can vaporize you money for no reason

Yup heard on npr the gov is talking about using it and political parties could use it because then they cant see who donated to them making politics a lil.more fair I guess

Dannoo93

silasraven said:

bit coin will go up in smoke. its because it has nothing to back it. more and more people will realize that if they cant touch it, whats the point. its cant become a currency because it has no backing. its all code and numbers. its not a safe haven, one hacker is all it will take for everything to be lost. when you start telling people give me cash for a coin that you can only get with a smart phone or computer. it will ware off fast. people will get tired of not being able to grab onto something.

Click to expand...

There is nothing backing the US dollar, so I dont understand what makes bitcoins different? We abandoned the gold standard long ago

This is precisely the type of sentiment required at the beginning of a monster bubble. When USA Today says to buy bitcoins, that will be the time to exit.

thats when the few that have many, need many to buy so they can get there $$$ and leave the rest holding worthless nerd money that probably won't buy a cam session in a year or 2.

its gonna be epic!

[video=youtube;CqJgCUmP6DQ]http://www.youtube.com/watch?v=CqJgCUmP6DQ[/video]