Bitcoin - ###Mod Note in 1st Post - Please Read###

Filibuster wrote: »

Bitcoins are totally useless just like Tulips..

http://en.wikipedia.org/wiki/Tulip_mania

I wouldn't agree they are totally useless, they do have some intrinsic value but what's happening now is they have hugely deviated from their CURRENT intrinsic value, based on speculation of their future intrinsic value.

I've used them on Humble Bundle more than once.

Going to burst very soon. Sheep marketplace has closed down and BMR is in the process of closing down.

one of the lads in work kept asking me to buy some of him,back when they were about 70 or 80 euro for one,had no money at all to buy some and was comforting myself by telling myself sher I wouldn't make money of them anyway!feckin sickened now,I would have aold the minute it 1000 and ran with my money! he bought about 4000euro worth when they were 30wuro each,he has made a nice little profit from them!

Lads buy quarks

how much per bitcoin now? ish

The design of quarks allows for better security and distribution, they've increase from hugely in the past few days, and they're supposed to be traded in china soon, just have a punt

Don't say i didn't tell ye when I'm burning around in my new Lexus

If people are trading tips about the "next big coin" on a public forum like this, then chances are you're already too late to get in and invest.

Further to my previous post, I wasn't aware that a large number of competing cryptocurrencies were already well in full flight. Newsflash for people here: you're already too late. If you're thinking you can get in early and become a miner of an up-and-coming cryptocurrency, you're wrong. No harm to do so, it costs you nothing, but chances are any currency likely to be the "big thing" is already well past that stage.

Quark, which people are mentioning here, appears to 98% allocated already. This is probably why people are getting excited about it - because it's very close to the point where no new quarks will be created. At the same time this rapid allocation means that you probably have a small number of people who got in early and are sitting on the bulk of the quarks. They're artificially driving up the price and will happily collapse it by flooding the market to cash out their quarks which they got for nothing.

Which one will "win", who knows? All new concepts like this go through a chaotic stage where everyone jostles for position. Like the search engines, where Askjeeves and Yahoo appeared to have it all sown up, or social networking where people were convinced that MySpace was going to take over the world, you can't say for certain until everyone else has closed up shop and gone away. Bitcoin being the original and currently most popular is no guarantee of continued success.