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RikdeVos
says

For those of you who do not know what bitcoins are, I suggest watching this video.

Yeah, I know this has been discussed before but it looks like things have really changed the last week. The value has doubled in only 7 days! Partially caused by the bank crisis in Cyprus.

What do you guys think, would it be a good idea to buy them as an investment? Do any of you have bitcoins?

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Alexlasek
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cool. thx for sharing. I heard about that but have never used. Now I will give a try, because it`s worth :)

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wickedpixel
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You can barely trust the default money, that need to have physical support in the back. How can you trust money that jump in value only because “Now they are cool and awesome!”? What happens when they will not be awesome and cool?

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BenSheppard
says

I was just about to create a thread on the exact same thing.

Surly if you had a server farm and some solar panels, you’d have unlimited money? (Obviously not that easy)

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RikdeVos
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You can barely trust the default money, that need to have physical support in the back. How can you trust money that jump in value only because “Now they are cool and awesome!”? What happens when they will not be awesome and cool?

At the moment people do not trust banks, so they invest their money in resources that are reliable. Bitcoins are not tied to a bank (so it can’t go bankrupt), which makes it reliable, just like gold. There is also no inflation in Bitcoins, because the system is built in a way that there can only be around 21 million bitcoins.

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PixelBin
says


You can barely trust the default money, that need to have physical support in the back. How can you trust money that jump in value only because “Now they are cool and awesome!”? What happens when they will not be awesome and cool?
At the moment people do not trust banks, so they invest their money in resources that are reliable. Bitcoins are not tied to a bank (so it can’t go bankrupt), which makes it reliable, just like gold. There is also no inflation in Bitcoins, because the system is built in a way that there can only be around 21 million bitcoins.

Not so reliable when the value drops 35% overnight because of some malfunction somewhere, then double in price the next week, sets a record the week after that, then suddenly drops again.

Farming is one thing, investing is another. Investing is as dangerous as straight up gambling.

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Dfinepixel
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Heck, i dont know which to trust more, a bank or an online service.. I’ll stick with my good old safe, thank you! :D

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Skywarrior
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I got 4 bitcoins. Today the stock price increased 30$ so far :D

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