Bitcoin going ballistic.

I've said it before and I'll say it again, even WoW gold/resources have more utility, less volatility and a higher market cap than Bitcoin (and I despise the game).

I think the people who jump onto the Bitcoin bandwagon could have learned a lot about 'virtual currencies' and their striking parallels with 'virtual game currencies' if they've been playing MMORPGs for the past 15 years like I have.

Exploit fast, exploit early (early pioneers get the windfalls)? Check.
Online, anonymous transactions (although obviously bitcoin is arguably more anonymous)? Check.
Can turn them into dollars? Check.
Can spend them in specialized markets (illegal activity or unregulated activity for bitcoins, virutal game worlds for MMO gold)? Check.

That all being said, Bitcoin has its place, and I wish it the best.
 
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MRK said:
I've said it before and I'll say it again, even WoW gold/resources have more utility, less volatility and a higher market cap than Bitcoin (and I despise the game).

I think the people who jump onto the Bitcoin bandwagon could have learned a lot about 'virtual currencies' and their striking parallels with 'virtual game currencies' if they've been playing MMORPGs for the past 15 years like I have.

Exploit fast, exploit early (early pioneers get the windfalls)? Check.
Online, anonymous transactions (although obviously bitcoin is arguably more anonymous)? Check.
Can turn them into dollars? Check.
Can spend them in specialized markets (illegal or unregulated activity for bitcoins, virutal game worlds for MMO gold)? Check.

That all being said, Bitcoin has its place, and I wish it the best.
Click to expand...

I must also add that, once the virtual game stops becoming popular due to the next big game out on the market that has a new killer feature (litecoins et al, anyone?) The currency CRASHES like you would not believe in a period of 3-6 months.
 
MRK said:
I must also add that, once the virtual game stops becoming popular due to the next big game out on the market that has a new killer feature (litecoins et al, anyone?) The currency CRASHES like you would not believe in a period of 3-6 months.
Click to expand...

When (if) bitcoin crashes relative to another coin... I'll be trading the parabolic ltc/btc ratio.
 
unknown said:
Why didn't you people tell me it would hit $100k in 11 years...
Click to expand...

I would have told you it would hit $1 million if you'd asked.. pretty sure those numbers were thrown around on here somewhere. Of course I would have been wrong, but at least directionaly accurate. I still think it's going to be at least $1-$2 million, maybe even $10 million+ eventually.. and I don't mean in nominal terms, I mean in today's value of the dollar, or even 2013 value..

TBH presence drove me nuts..

I'm down to trade a small stack, but I was always a hodler.. presence would be like "I'm all in cash right now" when it was $220 or something..
 
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unknown said:
Lots of Mt. Gox users up in here, wonder if they got burned.
Click to expand...

Burned?

More like a forced HODL.

They settled and paid people back a portion of their holdings earlier this year.

People who lost a few hundred bucks can now buy a nice house.
 
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