Author

Topic: Brazil in the Game? (Read 680 times)

legendary
Activity: 1232
Merit: 1195
January 28, 2014, 11:21:06 AM
#9

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 

Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here?

Bitcoin went down something like 40% in the last two months.  Explain me why it is a good investment?

It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont.

Exactly, every investment carries some risk, BTC maybe more than others.  You cant look at micro snippets of time and only consider that as your window.  Overall in the long term BTC looks like it will rise.  Major adoption is only just beginning.

Secondly no one in this thread told you to go buy BTC.  I posted a press release about an exchange doing well in Brazil.  Nowhere did I say that BTC is the greatest investment, nor am I trying to scam you.  If you think BTC is a scam then why are you posting on here?  Huh

I think it is a good bet, and hopefully it will pay off as an investment. If we can even get just a little bit of mainstream adoption I'm sure the value of BTC will rise quite dramatically, but again nothing is certain.
hero member
Activity: 504
Merit: 500
January 28, 2014, 11:11:28 AM
#8

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 

Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here?

Bitcoin went down something like 40% in the last two months.  Explain me why it is a good investment?

It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont.

Exactly, every investment carries some risk, BTC maybe more than others.  You cant look at micro snippets of time and only consider that as your window.  Overall in the long term BTC looks like it will rise.  Major adoption is only just beginning.

Secondly no one in this thread told you to go buy BTC.  I posted a press release about an exchange doing well in Brazil.  Nowhere did I say that BTC is the greatest investment, nor am I trying to scam you.  If you think BTC is a scam then why are you posting on here?  Huh
legendary
Activity: 1232
Merit: 1195
January 28, 2014, 11:05:43 AM
#7

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 

Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here?

Bitcoin went down something like 40% in the last two months.  Explain me why it is a good investment?

It's not safe, but as with any investments it's risky. Maybe it'll pay off big in the future or maybe it wont.
hero member
Activity: 910
Merit: 1003
January 28, 2014, 10:48:12 AM
#6

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 

Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here?

Bitcoin went down something like 40% in the last two months.  Explain me why it is a good investment?
420
hero member
Activity: 756
Merit: 500
January 27, 2014, 10:51:19 PM
#5
TITLE FORMAT
sr. member
Activity: 868
Merit: 250
January 27, 2014, 09:43:32 PM
#4

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 

Bitcoin is up something north of 6,000% in 2013, while Real lost 6% in 2013. Explain me what is the scam here?

hero member
Activity: 910
Merit: 1003
January 27, 2014, 09:27:09 PM
#3
http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html

According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this?  According to him bitcoin is a "terrible store of value."

I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year.

Bitcoin could thrive in countries like this, especially ones like Argentina where the governments are placing restrictions on the money people can withdraw. Hopefully the masses will wake up to this. Could be huge for BTC.

Brazil's "quickening inflation" was ~6%/year last year, 5.4% this year.  Generally below 6%/year forthe past 10 years.

Bitcoin's price at Bitstamp fell today 12% in 6 hours.  How much is that per year?

Investing in bitcoin is gambling in a game where the very rules may change at any minute.

Anyone selling Bitcoin as a safe store of value against inflation is a scammer, pure and simple.
 
global moderator
Activity: 3990
Merit: 2717
Join the world-leading crypto sportsbook NOW!
January 27, 2014, 02:02:23 PM
#2
http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html

According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this?  According to him bitcoin is a "terrible store of value."

I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year.

Bitcoin could thrive in countries like this, especially ones like Argentina where the governments are placing restrictions on the money people can withdraw. Hopefully the masses will wake up to this. Could be huge for BTC.
hero member
Activity: 504
Merit: 500
January 27, 2014, 01:19:37 PM
#1
http://www.bloomberg.com/news/2014-01-27/bitcoin-seen-as-save-haven-in-brazil-boosts-online-trade.html

According to this article Brazil's quickening inflation are making more and more turn to BTC as a store of value, I wonder how Jamie Dimon likes this?  According to him bitcoin is a "terrible store of value."

I thinks its awesome how the major BTC exchange has seen trading volume go from basically 0 to over $4 mil in just over a year.
Jump to: