Bitcoin- going through the roof!

As an old fogey my reaction is to say so what?

If I cannot see it it has no value (except perhaps electricity.)

Where would I spend this coin and how many people accept that it would have the purported value? Very few among those I sell to and buy from.

I think the definition of a currency is its 'wide acceptance' and I have yet to meet someone on the street who has one of these things.

Is it not a very clever con job for which most of the youngsters have fallen, merely because they don't know what it is and are afraid to demonstrate their ignorance?

I am totally baffled  as to where I might buy one or indeed how much change should I get if I spent one. Presuming that someone would want to take one off me as settlement for their goods.

There are many who would take it in exchange for goods! There are Btc exchanges Redface where you can buy, sell or exchange it for fiat currency if you want to. Coindesk is one and there are many others. You send the Btc to the value of the goods as it is divisible down to 0.0001 of a Btc. - or even smaller -one of the criteria  for money - Many thousands of traders throughout the world accept bitcoin. RF you need to get on to the web and learn about it- oooo- I wish I had bought some when it was £45 quid! I'm  sorry, but just because we don't understand it, that doesn't mean that its a con or a falsehood. Governments around the world are now accepting it- it is slowly becoming mainstream and I think that you will hear more and more about it. The wonderful thing about it is it can't be printed out of thin air like fiat. There will only ever be 21,000,000 Btc They say that this is the biggest investment opportunity in 300 yrs- a con? I really don't know! It certainly seems to be gaining traction though. Today- its surged to yet another high. So if you had bought a bitcoin  yesterday you'd be sitting on a profit. Yes, it's certainly not for old farts  - it's a brave new world out there and I'm with you on that one - but it is fascinating! 

How real is the promise on a Bank of England note? It's just a bit of paper/plastic.

But at least the UK Governent says it will protect my notes if I put them in a conventional bank and it goes belly up. Are there any guarantees for BC. I assumed they came with same warning as shares. You may get back less than your original investment. That's  not to say they are a bad thing, just that I would rather be confident in what money I have during my remaining years, even if that means it only grows by a percentage of less than nothing.

How do you realise the wealth you've accumulated with BC's, can you cash them in as with shares?. If someone is a BC millionaire can they access the million or is it for pure trading/exchanging for goods with companys on board with BC's?

Does the CMC accept Bitcoins ?????

I hope BC are more stable than this site😬I keep getting that roadsign when I try to get into this thread.

FOR SALE: Old rope, rare Yorkshire vintage. Used lots, slightly frayed, touch grubby. Get you out of a sticky situation though. Priceless in an emergency!

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Do you accept BC's TDA?

• Cyber hits the nail on the head as usual. Perhaps you haven't heard of the Ice9 plan Steve? Fiat money is dead or at least dying. And to try to answer the other queries, - No, like all investments there are no guarantees it can go up as it is at the moment or it can go down as it has in the past but the general direction after all the ups and downs is up. Very much up! When you consider it has gone from £45 in 2013 to the last time I checked which was today and it was standing at £2,632.89! That's some investment! As I have said, yes, there are exchanges where you can exchange your bitcoins for fiat, you can buy them, you can sell them. It's just like any commodity. You can buy flight tickets from Virgin with Btc or any other goods where Btc is accepted. The point is, whether we understand why or not, it is becoming a mainstream currency and kids who bought bitcoin way back at its inception when it was a dollar a coin and they bought a few hundred almost because it was fashionable are now finding themselves multi millionaires. I know- crazy- but it's a fact. Richard Branson is no slouch when it comes to money, and he accepts bitcoin because he knows that it is increasing in value- massively and will continue to do so. It has its detractors of course but then again,doesn't everything? It has defied all gloom and doom mangers so far- even China and Russia have accepted it together with many countries throughout the world. I only know this because I read about it. It's all there on the web!