The Target Value for Bitcoin is $100K to $1M

Re:The Target Value for Bitcoin is $100K to $1M by mrb on Wednesday March 06, 2013 @03:15AM (#5330024)

The biggest problem is that getting bitcoins is a major, major pain in the ass. You need to setup bank transfers, [...]. You are looking at about a week to buy your first bitcoin from when you decide to do that. (3 days to confirm bank, 3 days to do a deposit)

This is no different than, say, linking your bank account to TD Ameritrade to do stock trading. And nobody uses this excuse to claim that it is a "major pain in the ass" to start trading stocks as an individual investor.

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Re:The Target Value for Bitcoin is $100K to $1M by DanBlake on Wednesday March 06, 2013 @03:28AM (#5330069)

The fraud risk is the difference. You can reverse a trade or seize the stocks from fraud however you can not reverse a bitcoin purchase.

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Re:The Target Value for Bitcoin is $100K to $1M by mrb on Wednesday March 06, 2013 @03:39AM (#5330109)

Huh? Your answer is a non sequitur. I was not talking about reversing trades.

You seemed to use an argument to explain that it is a major pain slowing down the adoption of Bitcoin. I am just pointing out it is not the case for stock trading platforms, so it should not be the case for Bitcoin exchanges.

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Re:The Target Value for Bitcoin is $100K to $1M by Avshalom on Wednesday March 06, 2013 @03:57AM (#5330183)

Nobody's end goal is being able to buy some gum with APPL either.

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Re:The Target Value for Bitcoin is $100K to $1M by Kiro on Wednesday March 06, 2013 @04:11AM (#5330229)

You omitted "confirm your DNA and get a rectal exam".

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Re:The Target Value for Bitcoin is $100K to $1M by mrb on Wednesday March 06, 2013 @06:26AM (#5330583)

I omit bullshit^H^H^H^H^H^H defamatory comments.

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