Reported Post by Snowbear

Snowbear · Jul 14, 2014

Snowbear has reported a post.

Reason:

Blue♠;13688948 said:

With the recent auction of seized coins from the Silk Road, as I have read on the news, I don't think they're heading the right way.
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Literally everything he wrote except the quote above was completely worthless and unwanted. The quote above is even fairly worthless, I mentioned this in my OP and all he added was "I don't think they're heading the right way". That has to be the most vague, confusing, and, not to overuse the word, worthless interpretation of a news article I've ever read. In addition, I specifically stated "Do NOT post ___". I apologize for being such a hardass but these stupid, worthless posts are really getting to me.

Infract, PLEASE.
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Post: BTC predictions over the next 7 days
Forum: Cryptocurrency Discussion
Assigned Moderators: Josh0is0here, Drento

Posted by: Blue♠
Original Content:

With the recent auction of seized coins from the Silk Road, as I have read on the news, I don't think they're heading the right way.

Furthermore, bitcoins are a virtual currency. It's value is hence depended on the majority's popularity or trend on the item. Do you still remember the Tulip Boom or something along the lines where Tulips were actually used to trade for properties or land? And yes, tulips, as in the tulips, the type of flower.

Bitcoins are similar, if there are people trading for it, and there's a demand for it, and there's a supply for it, then there will be a market for it. And when there's a market for it, there's a value to it.

Imagine yourself drawing a picture on a piece of paper now, or painting a simple portrait. Now is there demand for your piece of masterwork? Don't think so. Is there a supply for your masterwork? Only one. Is there a market for your masterwork? Doubt so. Hence, your value of your masterpiece? Hard to just sell it off like that.

You get where I am going? The prices of Bitcoins can fluctuate hard, you just need to be smart in predicting what will happen in the future. With so many stuff going on, and your real life dilemmas you have to deal with, it's very hard to catch up on one thing unless you're really that good.
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Ardy · Jul 15, 2014

Pretty empty post but can't infract over not having good content. Message me if you have any other problems.

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Reported Post by Snowbear

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