• Login:
Welcome, Register Here
follow PropertyTalk on facebook follow PropertyTalk on twitter Newsletter follow PropertyTalk on LinkedIn follow PropertyTalk on facebook
Page 3 of 3 FirstFirst 1 2 3
Results 21 to 26 of 26
  1. #21
    Join Date
    Apr 2004
    Posts
    825

    Default

    Quote Originally Posted by Wayne View Post
    The NZ$ has a value because the NZ Govt makes a promise that it has a value.
    It is a FIAT currency (not a gold standard) so is inherently worth nothing more that the Govts promise.

    Crypto currency has no promise by anyone so how does it have any value at all.
    Might as well trade in Tulips ... Oh hangon, that's been done already.
    Well we kiwis give NZD value as we pay Taxes to the Govt in it ..if all Kiwis stopped paying tax then the value would erode

    just as the NZD states "legal tender" for $5 -$100 etc and agreement between me and you it has value

    Bitcoins are an investment a very high risk one at that

  2. #22
    Join Date
    Jun 2004
    Posts
    10,598

    Default

    Quote Originally Posted by JBM View Post
    Bitcoins are an investment a very high risk one at that
    Bitcoins and other cryto currencies are nothing but thin air.
    They aren't an investment any more than a Lotto ticket is an investment.

    They have been touted as
    - cutting out the middleman - they have created a new one
    - secure - until you lose your wallet
    - anonymous - they can track them (some easier than others)
    - cheaper - they are expensive to use and slow to get validated

    At the moment I can't see what they really DO.

  3. #23

    Default

    Is the cryptocurrency Bitcoin the biggest bubble in the world today, or a great investment bet on the cutting edge of new-age financial technology? My best guess is that in the long run, the technology will thrive, but that the price of Bitcoin will collapse.


    If you havenít been following the Bitcoin story, its price is up 700% over the past 12 months, and 1,800% in the past 24 months. At over $5,000 (as of October 12), a single unit of the virtual currency is now worth more than three times an ounce of gold. Some Bitcoin evangelists see it going far higher in the next few years.

  4. #24
    Join Date
    May 2008
    Posts
    3,691

    Default

    Bitcoin is dead.
    It's only the nutters and thieves involved with it now.

  5. #25
    Join Date
    Oct 2008
    Location
    Auckland/Melbourne/ whereever the money is
    Posts
    1,397

    Default

    I think you are a couple of years ahead of yourself there Bob.
    It is certainly not dead yet, even though your prophecy may prove to come true in a couple of years.
    It has only just gone mainstream, so there is still much more of the bubble to inflate yet.
    Futures only just getting running, so Wall st hasnt got their teeth in yet.
    When the taxi drivers start giving out advice on bitcoin you will know the end is nigh.

  6. #26

    Default

    China has now banned all websites relating to any Crypto currency. Basically the government has completely outlawed it , the only way for any Chinese citizen to continue trading in it now would be through virtual IP address disguise.

    If caught they can be arrested,


 

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
  •