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Bitcoin etc are priced in dollars and they're all going parabolic. It seems there would be a corresponding degradation in the value of the dollar and/or gold?

You can buy bitcoins in any currency you like.

The (petro) dollar is going down and China, Russia, and some other countries are doing their best to crash it. Bitcoin nor the dollar is attached to gold. Gold, Silver, and the currencies of countries can be manipulated and is manipulated by the International Banks. Cryptocurrency cannot be manipulated by the International Banks and that is what they hate about it.

The price you see Bitcoin trading in is in dollars and it's going through the roof. It doesn't matter what you can buy it with, when the price relative to the dollar is parabolic, the value of the dollar vs Bitcoin is tanking. That can't last long imo.

If you want to be confused, read up on how bit coin works.

Yeah, it is confusing. I'll tell you what's the biggest threat to Bitcoin- the greenies. All these crypto currency "miners" are running high powered computers systems 24/7 to serve no need other than collecting Bitcoins. There are single purpose systems out there that do nothing else and run up power bills on the order of $1,000/month. Wait until the environmentalists figure this stuff out.

The majority of the big “miners” are in China and are rumored to have some affiliation with The various Chinese military companies. There is a flood of demand from small investors and individuals who need to avoid sanctions in various countries.

Oh, that ship has sailed! The greenies are already claiming the sky is falling.

http://money.cnn.com/2017/12/07/technology/bitcoin-energy-environment/index.html

"Bitcoin uses about 32 terawatts of energy every year, enough to power about three million U.S. households, according to the Bitcoin Energy Consumption Index published by Digiconomist, a website focused on digital currencies.

By comparison, processing the billions of Visa (V) transactions that take place each year consumes the same amount of power as just 50,000 American homes, according to Digiconomist.

More worryingly, Bitcoin's energy demands are set to explode.

"As bitcoin grows, the math problems computers must solve to make more bitcoin get more and more difficult," which means more processing power is needed, Holthaus wrote.

And he made a startling forecast: Without a significant change in how transactions are processed, bitcoin could be consuming enough electricity to power the U.S. by the middle of 2019.

Six months later, that demand could equal the world's power consumption.

The fact that most bitcoin is mined in China is also fueling the environmental concerns.

The country's hinterlands have proved attractive for the data centers that bitcoin mining requires because "electricity and land are very cheap," researchers at the University of Cambridge wrote in a recent study.

A lot of the energy in provincial China comes from inefficient, coal-fired power plants that were built in anticipation of big construction projects that never happened, according to the researchers."

That Digiconomist guy is a real nutter. He makes Al Gore look like a Global Warming skeptic. He has no credibility at all.

No kidding. I've tried several times and had an investor try to explain it to me. I just can't wrap my head around something that doesn't exist but has such high value. I'm comfortable and not looking to make a killing in the market, although I have this year, and don't mind passing on the crypto currency windfall.

North Korea hackers are stealing bitcoins daily! That alone should drop the price to 0 worth!

Was always warned to not invest in things you don’t understand So no bitcoin bonanza for me

Fortunately I get how Amazon and ford motor co and some other entities work

This is all you need to know about the "energy problem" - put it to rest. Bitcoin is saving the world...

https://www.youtube.com/watch?v=2T0OUIW89II

Do you mean the sky isn't falling? That the greenies are....... wrong?

Say it ain't so!




Whatever, still not buying Bitcoin.

Sounds like a giant ponzi scheme, spend real money to buy something hyped up with no actual value or solid material backing. And it exists in the nether world of the .www and is heavily done by countries like China . Buyer beware .... and what happens to the worldwide market when this crashes. Someone is getting rich with real money off this right now.

Oh not so, you can buy bitcoins with fiat money (petro dollars), no need to use gold or silver.

Or mine it while arguing with folks on The Fire.