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Topic: 2013-05-30 Is bitcoin bubble finally bursting ? - page 2. (Read 2035 times)

hero member
Activity: 756
Merit: 500
The author has very good imagination Smiley , maybe can ask him to analyze the Mayan calenders for us with regards to Bitcoin demise Smiley
legendary
Activity: 2450
Merit: 1002
yeah the author is fucking retarded.... just reading the first age of comments makes my eyes bleed.
vip
Activity: 756
Merit: 503
Quote
In the last hour (as of this writing) there were ten trades over $50,000, one of which was for $669,999.05. Just what is the economic activity that is driving all these trades? Given the cost and inconvenience of transferring money into and out of the BitCoin system, one might be tempted to presume that much if not most of the economic activity is criminal.
Big transactions == criminal activity

 Roll Eyes

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Bitcoiners assure me that their system is government proof, but I have heard the same arguments about crypto-anarchy for years, and law enforcement has won every single time the theories have been tested.

 Huh

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If DHS does not act soon, Bitcoin might become too widespread to be stoppable. Iran is holding its presidential election on June 14th, and there are several important national days before that. The end for Bitcoin might be coming quite soon.

Too much fail I'm out.
legendary
Activity: 2450
Merit: 1002
Quote
As far as the use of Bitcoin as an exchange medium is concerned, the nominal price of the coin does not matter except to the extent that the current price of about $125 makes it impossible to use BitCoins to buy a hamburger.
WTF?!?! you would think these guys know that Bitcoin is divisible to .00000001
full member
Activity: 238
Merit: 100
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