Wall Street set to pour money into Bitcoin (NY Times)

[Stratego]

[Mr.Bill]

[Gremlin]

[The Dharma Bum]

Fidelity now allows their clients to put bitcoins in their IRAs.

http://blogs.marketwatch.com/thetell/20 ... s-in-iras/

stored value

[exploited]

Fidelity no longer allows that.

lol

Read what you post.

[exploited]

[Kane]

@Dharma & Saz:

Your argument seems centered around looking at it from the perspective of a trader: let's make money off this now. That's fine. I understand that. I'm looking at with regards to long term viability, viability as a currency that could possibly replace or co-opt existing currencies, and as a major currency. While the Euro is moving around quite a bit these days Bitcoin just isn't practical. What business would realistically choose bit coin to handle all of its day to day? None. It's not a stable enough store of value. Why is that?

Because people are dumping money into it right now and taking it out when they want to. People are speculating on the currency.

And as an aside, any time anybody tells me they've got a sweet gig going online...I automatically assume it's too late. And I move on.

[The Dharma Bum]

[The Dharma Bum]

[spacemonkey]

It don't matter if it fails. It will get a bailout like past fails did. Dot com bubble, dot com money bubble. Some just never learn.