I will put my money in the stock market...:)

I have been interested enough to invest easily at least 20 hours into reading and research on this crypto, digital currency. Every time I think I may be getting onboard with throwing a small amount of USD at it, I read something that turns me away, usually by uncovering a further lack of protection from something that can override the software so that I can not access bitcoins in "my" electronic wallet. While I understand the difference from being a virtual currency, it is still close enough to be of the same cloth. And virtual is not real. Some smart people will do well, while some smart people will lose it all. Too illiquid from an investment point. Not enough true investors (mutual funds, PMs, or banks) involved to have liquidity. They aren't able to invest in bitcoin. Even hedge funds wouldn't invest to any meaningful degree. It just isn't ready to play in the big leagues due to not having enough development in protection, liquidity, regulation, or acceptance.
I am doing fine with my returns this year utilizing classical economics training and analytics from twenty years as a financial advisor in my previous life......

I pillaged like a drunk viking in 2008 when everything went to #^&#^&#^&#^& :)

Seems the problem is holding onto your Bitcoins.....
Flexcoin, an electronic wallet provider, or bank for bitcoin, was hacked and robbed of over $500,000 of bitcoins from its own account..... Flexcoin also ceased its operations this morning.

Personally, there isn't enough upside in the world for me to invest in something that can be stolen from me in so many ways before I know what has happened.....

http://www.dailymail.co.uk/sciencete...-breaches.html

Or cold storage , paper wallet or a comp not hooked up to the internet




http://online.wsj.com/news/articles/...232488216.html

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http://www.reddit.com/r/Bitcoin/comm...investors_get/

Here ya go TT , ponzicoin ! Hilarious reading about the people who lost money !
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You know a show is good when the entire series fits on one VHS tape or DVD.

You better check that attitude when you talk to the legions of "Firefly" fans......:hihi:
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HAHAHAHAHAHAHAHAHAHAHAHAHAHAHHAHAHA

http://www.businessinsider.com/irs-b...release-2014-3

Enjoy the tax season bit coin peeps. Lol
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LOL
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If it's too good to be true, then it probably is.
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If you use bitcoins to buy drugs on silkroad what is your tax liability?

I'm not into bit coins at all but leave it to the IRS to tax something that is fictitious..
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Any less fictitious as the housing market?

-spence

You can see and touch a house
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And fictitious inflation rates. Fictitious unemployment rates. Fictitious campaign promises. Fictitious reasons for regulations. Fictitious differences between fictitious politicians creating fictitious government granting fictitious rights. In many respects, fictitious lives. We are living in an age of the grand fiction. One of the few things human we count on being real is our sports. Sort of.

It's got to be a beyotch calculating the value of the bit coin at the time of purchase or sale since it's value fluctuates so violently. Do you think this is an attempt to get rid of it?

:shake:

I called 10k that year lol , maybe it took 4 more but hey its almost 20k now