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tommy Eternal Order Devil’s Island 16353 Posts 
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The Bitcoin virtual currency lost half its value on Wednesday because of a panic sell-off.
Panic selling caused the value of the Bitcoin virtual currency to halve in less than six hours. http://www.bbc.co.uk/news/technology-22105322
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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Bob1Dog Inner circle Wife: It's me or this houseful of 1159 Posts
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Bitcoins will go down because there is nothing of value in them. Even baseball cards, as bad as they were as "investments" have some material value. Bitcoins? Doomed. Nothing inherently valuable about them. Commodoties must have value to retain value. Speculation isn't value, it's mere gambling. You can do that in any casino in the world, probably with better odds in the long haul.
What if the Hokey Pokey really IS what it's all about?
My neighbor rang my doorbell at 2:30 a.m. this morning, can you believe that, 2:30 a.m.!? Lucky for him I was still up playing my drums. |
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Woland Special user 680 Posts
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Bitcoin is currency, and subject to the same problems any currency may have.
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silvercup Loyal user 223 Posts
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Quote:
On 2013-04-12 03:30, Bob1Dog wrote: And the material value of a U.S. $20 is? |
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tommy Eternal Order Devil’s Island 16353 Posts
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You!
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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silvercup Loyal user 223 Posts
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Quote:
On 2013-04-12 11:56, tommy wrote: :applause: |
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irossall Special user Snohomish, Washington 529 Posts
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A fool and his money are soon parted
 .
I have some virtual property for sale Cheap. Send me a Postal Money Order for any amount you like and I will sell all my property to you. Send e-mail with purchase so I may get your property to you more quickly. Satisfaction Guarantee (mine, that is). Value of $20.00 U.S.? I can get a pretty good meal for that. Iven 
Give the gift of Life, Be an Organ Donor.
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Tom Jorgenson Inner circle LOOSE ANGLES, CALIFORNIA 4452 Posts
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Quote:
On 2013-04-13 15:59, irossall wrote: Only if it comes with a Quit-Claim deed!
We dance an invisible dance to music they cannot hear.
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balducci Loyal user Canada 230 Posts
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Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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balducci Loyal user Canada 230 Posts
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Quote:
On 2013-04-11 17:40, tommy wrote: That was in April. And today? One bitcoin = approximately $721.62. Crypto-Currency Market Capitalizations http://coinmarketcap.com/ Also see: http://www.theatlantic.com/business/arch....../281625/ The price of a bitcoin has quadrupled in the last month. 
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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NYCTwister Loyal user 267 Posts
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This was inevitable. They never had value, just hype based on the common fear that all the worlds currencies will become worthless as politicians continue their stupidity. The only people who gained from this were the first to get involved as they got the lions share. The idea was to create a virtual gold standard by creating a finite amount of the coins.
If you need fear to enforce your beliefs, then your beliefs are worthless.
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tommy Eternal Order Devil’s Island 16353 Posts
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China has gone big on them.
If there is a single truth about Magic, it is that nothing on earth so efficiently evades it.
Tommy |
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balducci Loyal user Canada 230 Posts
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Quote:
On 2013-11-21 18:59, balducci wrote: Today: 1 bitcoin = $910.49. Incredible.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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balducci Loyal user Canada 230 Posts
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Quote:
On 2013-11-21 20:27, NYCTwister wrote: Apparently not. Had you invested last week when I posted, you would have been up about 25% in a week.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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Bob1Dog Inner circle Wife: It's me or this houseful of 1159 Posts
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Go for it! Remember the bubble?
What if the Hokey Pokey really IS what it's all about?
My neighbor rang my doorbell at 2:30 a.m. this morning, can you believe that, 2:30 a.m.!? Lucky for him I was still up playing my drums. |
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balducci Loyal user Canada 230 Posts
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Crypto-Currencies are too complicated for a simple soul such as I. They're still too cumbersome to purchase and own. IMO, of course.
My feeling is that their value will not collapse until AFTER investment funds become available to the public, through which the general public may invest in them. A number of such funds are forthcoming, but they are not here yet.
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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balducci Loyal user Canada 230 Posts
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In 2009, man accidentally throws out hard drive containing 7,500 Bitcoins.
At today's price of 1 Bitcoin = $976.78, we're talking about a $7.3 million loss! http://www.theguardian.com/technology/20......ill-site
Make America Great Again! - Trump in 2020 ... "We're a capitalistic society. I go into business, I don't make it, I go bankrupt. They're not going to bail me out. I've been on welfare and food stamps. Did anyone help me? No." - Craig T. Nelson, actor.
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S2000magician Inner circle Yorba Linda, CA 3465 Posts
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Quote:
On 2013-04-13 16:50, Tom Jorgenson wrote: I trust that you want more than a quit claim deed; such a deed conveys whatever ownership the seller has, but doesn't gurantee (or even suggest) that the seller has any ownership. What you want is a grant deed, which conveys total ownership (and, hence, warrants that the seller possesses total ownership and has the legal right to convey it). |
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mastermindreader V.I.P. Seattle, WA 12589 Posts
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All depends on which state he lives in. Most states use a warranty deed rather than a grant deed. A warranty deed, in addition to the provisions of a grant deed, also guarantees that the grantor will defend the title against any third-party claim.
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seadog93 Inner circle 3199 Posts
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I only just heard about bitcoin the other day.
I have no interest in investing, but it seems very interesting to me. Joe Rogan recently did a podcast with a bitcoin guy. I've only listened to a bit of it, but so far it's fascinating stuff. https://www.youtube.com/watch?v=1cexawnOlR8 (the podcast itself starts at about 10:45, and it's long so it's probably better to listen to it on a phone).
"Love is the magician who pulls man out of his own hat" - Ben Hecht
"Love says 'I am everything.' Wisdom says 'I am nothing'. Between the two, my life flows." -Nisargadatta Maharaj Seadog=C-Dawg=C.ou.rtn.ey Kol.b |
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Posted: Apr 11, 2013 04:40 pm 
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