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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?


To: ahhaha who wrote (24097)11/23/2013 1:01:49 PM
From: Lhn5Respond to of 24758
 
indispensable=absolutely necessary


Is that how you are defining this word in your last post?



To: ahhaha who wrote (24097)11/23/2013 2:31:40 PM
From: ahhahaRead Replies (2) | Respond to of 24758
 
Why trash Gartman for something outside of his usual deceptive ways?

Barry Silbert, Second Market, bitcoin custodian - I think this is just an indication that this is the start of something very big. we'll see big, big price movements. as you said, the hearings this week on the Senate were very, very positive. I think the regulators and policy makers are taking a very balanced approach, but i don't think this volatility is going away any time soon.

Maria - What do you think, Dennis? You aren't convinced the bitcoin is a viable currency, are you?

Gartman - No. I think it's dangerous. The use of it for the purchase of an automobile, the purchase of a ticket on Mr. Branson's airlines a purchase for an airplane ticket, like, how are you going to price something in a currency whose value can move 400% in the course of three or four days. That's nonsense. It's a speculative vehicle; trade it if you wish, but to think this will be a viable alternative for the dollar or the euro or for the yen for payment of expenses I think is nonsense.

Barry - i actually agree. i don't think bitcoin any time soon is going to replace the euro, dollar, yen as restorative value. People are excited about the fixed nature of the supply, as a transaction network, it has the potential to change the way that money moves around the world. For now, it's not going to be a fantastic currency, but as a store of value, people are excited about it.

Maria - where's the money? Well, I mean, when you say -- like, I keep asking this. i know it sounds a little weird. I mean, if i want to buy something with bitcoins and use bitcoins online and translate it to dollars, how easy is that?

Barry - 20,000 plus merchants online accept bitcoin and they handle the conversion into dollar. You as a consumer, you have bitcoin, and you can use it in lots and lots of places right now or exchange it, trade it or just hold onto.


All of the above comments are false.

This conversation between three people who know nothing about virtual currency is quite representative of what you get out of people who have been arbitrarily installed in high paying positions. Gartman is an incompetent liar, deceiver, hack, who is reliably useless when it comes to making money. This is Bartiromo's last day with CNBC, thankfully. The other guy is, well, just another guy.



To: ahhaha who wrote (24097)11/23/2013 6:42:11 PM
From: DMaARespond to of 24758
 
They don't know what it is, but they don't like it.

abcnews.go.com
Political organizations can't accept contributions in the form of bitcoins, at least for now, The Federal Election Commission said Thursday.

The commission passed on a request by the Conservative Action Fund, a political action committee, to use the digital currency. That group had asked the FEC recently whether it could accept bitcoins, how it could spend them and how donors must report those contributions. It was not immediately clear whether the same ruling would apply to individual political candidates.

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FEC chairwoman Ellen Weintraub acknowledged that she had never heard of bitcoins until she saw the Conservative Action Fund's request.