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Recent in IRC [Join]
physt:
oh look, can't use these bitcoins for anything now... and I lost my dollars when I bought those coins.
etc.
i'm just conjecturing obviously.
duckhunt__:
well if i give you $10k cash for a bitcoin and then my bitcoin goes to 0, i have nothing but you have $10k, no currency has disappeared. as i understand it
no US dollar currency that is
physt:
in my hypothetical conjecturing, I'd assume a central authority was just collecting all the money as part of say... restocking the fed or some shit lol.
duckhunt__:
But what about just getting involved with trading it? doesn't that sound interesting and also lucrative? gauging sentiment, technical analysis, fundamentals (in the technical sense), thinking about how larger social/government/banking/big player schemes might affect price
physt:
no, and i'll tell you why.

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