• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 1 of 3 1 2 3 LastLast
Results 1 to 10 of 26
  1. #1
    Join Date
    Feb 2015
    Posts
    386

    Default Bitcoins - a new future currency ?

    https://www.buybitcoinworldwide.com/price/



    Man sells house to invest in bitcoin, other virtual-currencies.


    http://www.nzherald.co.nz/business/n...ectid=11955965

  2. #2
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,375

    Default

    Monkey see, monkey do.
    Squadly dinky do!

  3. #3
    Join Date
    May 2008
    Posts
    3,676

    Default

    I thinks there's two types of people who support bitcoins:
    1. Criminals who can't be traced.
    2. Nutters who want to opt out of the financial system.
    The criminals will only support bitcoins as long as it is stable or rising in value. Their loyalty is questionable. They are wealthy though.
    The nutters will always support bitcoins because, they're, well, nutters. Their loyalty is strong+. They aren't very wealthy.
    Will the bitcoin bubble burst?
    The criminals will determine that.
    All you need to crash the bitcoin market is to spread a rumour that bitcoins can now be traced.

  4. #4
    Join Date
    Aug 2003
    Posts
    7,696

    Default

    Crypto currency is the way of the future using Blockchain. It's naive to say only nutters and criminals use it.

    Read this article - it will give you some insight into just how huge it's going to be.

    Here's a quote from it:

    “As cryptocurrencies become more popular, it’s important that my fans have choices when it comes to how they buy my songs and merchandise,” said rap star G-Eazy in a statement. “Given Monero is one of the safest, most secure and most private cryptocurrencies, it’s one of the best options for my fans this holiday season — and just in time for my new album.”
    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here



  5. #5
    Join Date
    Feb 2015
    Posts
    386

    Default

    Yep, way of the future . Will be some form of Blockchain , not necessarily Bitcoin. Just like how there was My Space, Bebo, one will come out on top.(Facebook)

  6. #6

    Default

    It's a form of currency now as people can buy and sell with it, although everyone is trading it as they would an asset.

    I have friends who bet big and have done very well. I took the Warren Buffet approach and stuck to my knitting. Maybe I should have bought some BTC :-)
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  7. #7
    Join Date
    May 2008
    Posts
    3,676

    Default

    Why would you use an alternative to money when you can use money?
    What advantage does bitcoin have over money?
    It's whole purpose is to keep financial details secret, isn't it?
    What honest person needs that?
    It's wonderful for blackmailers.
    What wonderful thing can it do for me?
    Is there some worthy characteristic that I'm not aware of?

  8. #8

    Default

    Why does any currency have value? Trust and adoption.

    What if you didn't believe that the actions of the governments behind a mainstream currency were safeguarding it's future value?

    That's why it's called the Gold of the internet.
    Free online Property Investment Course from iFindProperty, a residential investment property agency.

  9. #9
    Join Date
    May 2008
    Posts
    3,676

    Default

    Quote Originally Posted by Nick G View Post
    What if you didn't believe that the actions of the governments behind a mainstream currency were safeguarding it's future value?
    That meets my definition of nutters.
    There is a third group of people who are supporting bitcoin currently and that is a large group of FOMO (fear of missing out) newbies.
    They have recently heard of bitcoin and are scrambling to buy in because others are.
    This group actually have no idea what they're doing and are blind followers.
    They will get hurt and learn a lesson.

  10. #10
    Join Date
    Aug 2003
    Posts
    7,696

    Default

    It's not just people buying it - there are the miners and some are doing quite well out of it - (that's how this thread started) and it's future worth is now being traded etc. Some people are doing all they can to learn about crypto currencies - so they can jump into services. It's opening up job opportunities e.g. security services, compliance etc.

    cheers,

    Donna
    PropertyTalk Blog - property articles

    BusinessBlogs - the best business articles are found here




 

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Similar Threads

  1. Currency Exchange
    By khaled_Eid in forum Coffee Lounge
    Replies: 7
    Last Post: 05-01-2017, 12:51 PM
  2. Foreign Currency Mortgages
    By Justme in forum Finance, legal and tax (NZ)
    Replies: 10
    Last Post: 20-01-2014, 08:01 AM
  3. Currency and Gold
    By [email protected] in forum General (NZ)
    Replies: 38
    Last Post: 09-01-2013, 08:04 AM
  4. Currency mortgages
    By dragonfly in forum Finance, legal and tax (NZ)
    Replies: 10
    Last Post: 01-06-2010, 04:52 AM
  5. Foreign Currency
    By Davo36 in forum Finance, legal and tax (NZ)
    Replies: 30
    Last Post: 16-03-2010, 06:24 PM
  6. Replies: 0
    Last Post: 10-08-2009, 12:16 PM
  7. Can $US survive as reserve currency?
    By Marc in forum Videos
    Replies: 1
    Last Post: 16-03-2009, 08:30 PM
  8. Replies: 3
    Last Post: 29-01-2009, 12:05 PM
  9. Currency Trading
    By Libertas in forum General (NZ)
    Replies: 33
    Last Post: 29-07-2008, 03:57 PM

Tags for this Thread

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •