Poll of the Day > Bitcoin price now over $2500 a piece, twice the price of gold

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KevinceKostner
05/25/17 11:17:45 AM
#1:


I mean it's just straight fuckyness right? There is no way it has increased in rarity or absolute value to that degree.
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Smarkil
05/25/17 11:18:32 AM
#2:


Do...do you know how bitcoin works?
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St_Kevin
05/25/17 11:55:01 AM
#3:


You can weigh Bitcoins?
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jamieyello3
05/25/17 11:57:37 AM
#4:


I don't know how you compare a bitcoin to a not given amount of gold, but bitcoin fluctuates a lot. I wonder if you could buy bitcoin when it's cheap and sell when expensive.
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Mead
05/25/17 11:58:59 AM
#5:


KevinceKostner posted...
I mean it's just straight fuckyness right? There is no way it has increased in rarity or absolute value to that degree.


iirc there is a set limit to the number of bitcoins, so they do actually increase in value as more people put money into it
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shadowsword87
05/25/17 12:08:57 PM
#6:


Most things are worth twice the price of gold. It's just how much gold.
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gravy
05/25/17 12:50:17 PM
#7:


I remember when they were like 4 dollars each, I bought some and sold them at 35 dollars each... Boy do I wish I had some patience.
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papercup
05/25/17 12:55:04 PM
#8:


Because Bitcoins are more liquid than gold, there's a much more limited supply(there will be a day when no more Bitcoins will be generated. This is by design). Also transactions with Bitcoins are anonymous, and unregulated, making them a more desirable currency than gold.
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ernieforss
05/25/17 1:14:08 PM
#9:


what the hell it was $1500 3 weeks ago.

So how does it work? how do i get cash back? does it just go back to my bank account?
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jamieyello3
05/25/17 1:41:53 PM
#10:


Damn to think bitcoin was worth $3 not that long ago.

I could have been stinking rich
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Lil69Leo
05/25/17 2:18:39 PM
#11:


Welcome to black market currency that the Chinese are using.
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