thoughts regarding bitcoin

[Ironman07]

As someone who has worked in the financial markets for years i wanted to express my concerns about bitcoin. Its important to know the history of bitcoin along with the recent price action-First and foremost in my analysis is the recent price failing from a technical standpoint. If the chart of bitcoin was a stock or commodity it would be on a constant sell here. Does that mean that you shouldnt use it? No but never keep any large amount in your account and keep your funds converted often back to your currency. Generally expect to pay small conversion fees when exchanging back and forth.. Always realize that this could be rendered worthless if the code is cracked.
Finally the most important part of a currency is the perception and confidence of investors in general. The most glaring flaw with bitcoin lies here. Even among it supporters there is growing uncertainty regarding its future.. all considered I have used bitcoin but am very quick to turn over conversions... Good luck to all who use this as you dont want to be left with a empty currency when the bubble bursts. link: http://mashable.com/2014/02/10/bitcoin-history/

[thespeculator]

most people here don't think of it as a currency , just a method of transferring funds. I hope it can remain an effective method for that

[bookie]

Bitcoin is a great transfer instrument. And it's trivially easy to use once set up. Posts like this one which urge caution while saying nothing do a disservice to slow adapters who would benefit from using digital currency.

This sentence: "Generally expect to pay small conversion fees when exchanging back and forth." should read, "Expect to pay a tiny processing fee compared to what you are paying now to withdraw funds from an offshore sportsbook."

[jjgold]

It's ok

Although be concerned about downward spiral

Keep an eye on the news

[Ironman07]

Unfortunately it is a currency for practical purposes... and as Jj stated you need to keep a tight eye on the fluctuations. It is a good transfer method however you can and often will loose % of your funds if they sit any time. If you dont think so then go for it. the odds of this being around 5-10 years from now are not that good so be cautious. Anyone who thinks this will be around long term doesnt have real time investment experience so be careful and withdraw frequently not letting your funds just sit to long. the transfer fees will be incurred when you convert the bitcoin to either $$ or through paypal. It has its on bid/ask system like any currency or commodity.

[Art Vandeleigh]

Don't forget that every 10 minutes, 25 new bitcoins are introduced into the system through mining, which adds up to 3600 a day, every day (until 2016, when this number is halved) so there is inflationary/devaluation pressure on this "commodity" for now.

[RonPaul2008]

Unfortunately it is a currency for practical purposes... and as Jj stated you need to keep a tight eye on the fluctuations. It is a good transfer method however you can and often will loose % of your funds if they sit any time. If you dont think so then go for it. the odds of this being around 5-10 years from now are not that good so be cautious. Anyone who thinks this will be around long term doesnt have real time investment experience so be careful and withdraw frequently not letting your funds just sit to long. the transfer fees will be incurred when you convert the bitcoin to either $$ or through paypal. It has its on bid/ask system like any currency or commodity.

Do you realize that Microsoft is now accepting bitcoin as payment? Bitcoin will likely be used by far more people in 10 years then do so today.

[raiders72001]

Do you realize that Microsoft is now accepting bitcoin as payment? Bitcoin will likely be used by far more people in 10 years then do so today.

Microsoft is now accepting the digital currency bitcoin.

Bitcoin is accepted as "a payment option to buy apps, games and other digital content from Windows, Window Phone, Xbox Games, Xbox Music or Xbox Video Stores," according to the Microsoft (MSFT, Tech30)'s payment and billing policy.
"The use of digital currencies such as bitcoin, while not yet mainstream, is growing beyond the early enthusiasts," said Eric Lockard, Microsoft's corporate vice president of Universal Store at Microsoft, posted on the company blog.
"We expect this growth to continue and allowing people to use bitcoin to purchase our products and services now allows us to be a front edge of this market," he continued.
Microsoft joins a handful of other companies that accept bitcoins as payment, includingPayPal and a scattering of restaurants, car services and at least one bar in New York City.

http://money.cnn.com/2014/12/11/tech...osoft-bitcoin/

[lilbpack1]

BTC is the way to go.... the books that take btc JETWIN NITROGEN ANONIBET offer some of the best lines you will ever find for certain markets. JW converts btc to fiat so even if btc goes down your amount will stay the same minus fees

[jjgold]

I would try these books just do not go nuts and learn about Bitcoin

Always watch prices also

[lilbpack1]

COACH ill send you .001 btc and set you up online so you can make your first $.30 wager on nitrogen

[Domestic]

Just got an email from Nitrogen:
"Celebrate the Bitcoin St. Petersburg Bowl this holiday season! Nitrogen is offering you juice free football bets for 2 hours before NC State and UCF kickoff the first Bitcoin Bowl on December 26th at 8pm EST!"