yet another bitcoin thread - DANG, the price dropped
- Thread starter sennin436
- Start date
I predicted last year that me finally buying some Bitcoin would spell its doom and I was right:
Wow, I was just looking at BTC last week and it was over $310, now it's around $266 a week later, that's a big percentage.
I was looking to buy some to convert to cannacoin for shits and giggles (it's gone from 1 cent to 5 cents quickly, 500%).
I was looking to buy some to convert to cannacoin for shits and giggles (it's gone from 1 cent to 5 cents quickly, 500%).
As much as there's hate for LukeP (some valid, some perhaps not) on this board, I have to say that he was the chap who alerted me to Bitcoin in the first place. That was when they were something around $11. To this day I thank him publicly right here and now for that moment. It actually saved my bacon in a roundabout way at the time!
However, by Christ** he has spouted some enormous amounts of crap about the whole thing since, but you are all adults* and capable of making your own choices about what you spend your money on.
*apart from the obvious candidates.
**I am not religious.
However, by Christ** he has spouted some enormous amounts of crap about the whole thing since, but you are all adults* and capable of making your own choices about what you spend your money on.
*apart from the obvious candidates.
**I am not religious.
This.
I consider myself a technical guy and I still don't fully understand how these fucking cryptocurrencies work.
Oh yeah and that half million bitcoin that disappeared from Mt Gox also removed any desire in me to learn more about this shit... for now at least...
Great timing that you mentioned this. Just saw this. (story seems to have come out just a few days ago, jan 1st)
Tokyo police figure Mt. Gox bitcoin heist was an inside job
Report: Mt. Gox Bitcoin Loss Was an Inside Job
I don't hate Lukep, never have. I like his posts because he often posts info on things I never heard about before they become popular. Bitcoin, and his info on the darknet stand out. Even some of his info on MFA sites was good before it became too popular and google smacked it. He's a technophile and enjoys looking for new shit. Sure he's sometimes foolishly over-enthusiastic and overoptimistic but I doubt he'd be as useful of an information giver if he didn't have those qualities.
I think Di Caprio is too busy with all those hot young models to portray you in the movie buddy.
This is one thing I dislike about bitcoin. For example, you look on bitcointalk.org, and you'll see people asking just basic questions. As a response, a bunch of tech guys show up and give them overly complicated reply, then they all sit around debating the technical details with each other. No wonder people are confused as hell about it all.
It's actually really simple. I could teach you everything you needed to know in 15 minutes. Actually, I'll probably do that... near future, I'll write up a post explaining how to begin accepting BTC with no fees (none of this BitPay fees shit), and be 100% secure so hackers can't steal your funds. It's honestly not difficult.
had to mention this here. surprised that bitcoin is now at $267.52. And here's all these 'experts' who were predicting, at the beginning of 2014, that btc would be trading at around $1000 ~ $50,000 and higher by this time around lol
50 Bitcoin Experts Reveal (Guess) What Bitcoin Will Be Trading At Within The Next 12 Months
10 professional bitcoin price predictions for 2014
It makes me laugh when people dabble into things with no clear cut history.
I tried researching the following:
1 - What exactly is a bitcoin?
2 - The groups responsible for creating it?
3 - The group responsible for maintaining it?
4 - Who are the insiders?
I discovered multiple misdirection and double talk. When people give you technical jargon that makes no sense, run like hell.
Some people naively believe this will replace cash from other nations. At present, this will just become another form of debit card payment, if it succeeds at all.
In my opinion, this is just a well crafted Ponzi scheme with mathematical equations behind it.
Buy at your own risk, but I for one PREFER CASH!
Has bitcoin not already succeeded? How do you measure success? As long as the internet exists, bitcoin will always have some value.
BTW Cash is king. But there are times where cash cant be used, and when that time comes bitcoin works flawlessly. (not including all the scamming middle men people like to involve)
At least use the exact quote if you disagree with what was said. That is the least you can do.
Honestly, do you think there are no middle men? The structure needs to be maintained and monitored.
Based on research, there are hidden forces and you can call them whatever you want.
They are all part of a larger investment ecosystem in which stocks and real estate are getting the most action right now.
Bitcoin is similar to PMs in that it's going to thrive in times of economic uncertainty.