Lifetime Opportunity missed… Bitcoin
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gamblin_yahooSBR Rookie
- 11-24-17
- 13
#71Comment -
Waterstpub87SBR MVP
- 09-09-09
- 4108
#72It only feels personal to you as you are so completely wrong.
'Easily traded for goods' and a 'stable price' are no more relevant than 'intrinsic value' was.
US$ has made large moves in both directions in the last 20 years. Do you think that would be more likely to survive/prosper if it was a fixed price like the Yuan was not too long ago? How is intrinsic value or stable price somehow vital for bitcoin to survive but not for any other modern currency? In fact, kind of the opposite, all major modern currencies that started out with exchange rates fixed by govt were forced to move to a tradeable model to survive.
Bitcoin has also demonstrated clearly already that there is no requirement for it to be 'easily traded for goods' for it to escalate in value. Again to help you understand with an analogy. Why dosn't gold need to be 'easily traded for goods' to be valuable but you think Bitcoin does?
So basically, you admit that bitcoin is useless besides being something that hopefully you can sell to someone later for more money for no reason other than speculation. So the minute that non-enthusiasts get scared, or enthusiasts find something new, whats holding up the price?
Gold has industrial and commercial uses https://www.statista.com/statistics/...terly-figures/, which provide it with some floor of value. Not that its correct, but gold has a longer history of being a store of value, therefore
there is more of a floor. I'm not a gold bug, so I really don't put much faith in it.
I hate to use the tulips/beanie babies/baseball cards analogies. Just because something has gone up in price doesn't mean it will continue to do so. Good luck!Comment -
brooks85SBR Aristocracy
- 01-05-09
- 44709
#73I could have bought 100k in bitcoin at the beginning of the year or 100k in nintendo... lol it wasn't a hard choice and sure as hell isn't now that bitcoin is 10k a piece.
the only opportunity being missed here is if you're not in the stock market, that is where the real returns are. Sure if you only have 1000 to your name then go all-in in bitcoin. But if you have real money then no one is going to put any substantial amount in cryptos especially when there is literally a thousand better choices.
I've haven't lost an ounce of sleep over this bitcoin run, been too busy making real money in a much safer risk-free way.Comment -
grease lightninSBR Posting Legend
- 10-01-12
- 16015
#75I could have bought 100k in bitcoin at the beginning of the year or 100k in nintendo... lol it wasn't a hard choice and sure as hell isn't now that bitcoin is 10k a piece.
the only opportunity being missed here is if you're not in the stock market, that is where the real returns are. Sure if you only have 1000 to your name then go all-in in bitcoin. But if you have real money then no one is going to put any substantial amount in cryptos especially when there is so literally a thousand better choices.
I've haven't lost an ounce of sleep over this bitcoin run, been too busy making real money in a much safer risk-free way.
Now there is absolutely no doubt.Comment -
Waterstpub87SBR MVP
- 09-09-09
- 4108
#791. Coinbase has more users than Charles Schwab.
2. The US accounts for a minority of the bitcoin trade.
3. You can make bitcoin totally anonymous using TOR and mixers. Then you can meet up in person with others using localbitcoins.
4. Expedia, Microsoft, Overstock, Egifter, gyft and many other places take bitcoin.
5. Litecoin is a better version of BTC. It's faster and cheaper. There's less in-fighting. Adding SegWit and Lightning was smooth.
6. Overstock also accepts ETH and LTC.
7. There were more ETH transactions than BTC transactions in Nov.
What is the breakdown worldwide of users? Am I correct in reading that China banned exchanges.
How many people are technically sophisticated enough to use Tor and Mixers? Not really a large population to prop up the value of bitcoin. Local bitcoins is not a sustainable way to facilitate a global market. Plus the spread kills you.
Like I said, a few more technically sophisticated places take bitcoin. I have yet to see a large uptick in retail taking bitcoin. Didn't overstock start taking bitcoin in like 2014? How many new major retailers have started to take bitcoin since the initial rush?
So, if ETH and LTC are better, wouldn't it make more sense to short bitcoin and buy those?Comment -
dlowillySBR Posting Legend
- 11-09-16
- 13862
#80Very well said, and makes the point much better than I did in a polite, concise, and cogent way. Also, you used the word deleterious (great word), which I had to look up for its meaning. So I learned a new word today which will now be forever in my linguistic arsenal. I like the thousand year old pattern phrase too. King Edward didn't kick out all the Jews in England in the year 1290 because he was a "racist". Curious to know how history would have played out if Cromwell didn't let them back in and Rothschild never took over The Bank Of England a few generations later. So much human misery could have been avoided over the last 3 centuries.Comment -
Ghenghis KahnSBR Posting Legend
- 01-02-12
- 19734
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raiders72001Senior Member
- 08-10-05
- 11167
#82The Charles Schwab thing is absolutely meaningless. It is something that sounds meaningful but think of how many online brokerages there are compared to US facing crypto exchanges. The assets in brokerages are orders of magnitude larger. Not even a comparison.
What is the breakdown worldwide of users? Am I correct in reading that China banned exchanges.
How many people are technically sophisticated enough to use Tor and Mixers? Not really a large population to prop up the value of bitcoin. Local bitcoins is not a sustainable way to facilitate a global market. Plus the spread kills you.
Like I said, a few more technically sophisticated places take bitcoin. I have yet to see a large uptick in retail taking bitcoin. Didn't overstock start taking bitcoin in like 2014? How many new major retailers have started to take bitcoin since the initial rush?
So, if ETH and LTC are better, wouldn't it make more sense to short bitcoin and buy those?
2. The two largest BTC exchanges by volume are Bitfinex (banned to US customers) and Bithumb (Korea).
3. Bitcoin is institutionalized. The Chicago Mercantile Exchange is offering bitcoin futures in December.
Comment -
raiders72001Senior Member
- 08-10-05
- 11167
#83If forced to make a guess on the next life changing coin, I'd go with one of these three:
IOTA - New generation technology using Tangle instead of Blockchain.
ADA - Called the ETH of Japan with strong developers.
POWR - Australian government $8m grant to develop this project. They also received $34m ICO.
Last 24 hours:
IOTA +.26%
ADA +17.96%
POWR +20.66%
There may be huge swings both ways. If you do buy these, be prepared for it. These are long term holds.Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#84I’m just gonna stick to EtherComment -
PeterJohnsonRestricted User
- 10-10-17
- 908
#87FAR from overComment -
raiders72001Senior Member
- 08-10-05
- 11167
#88Nasdaq Plans to Launch Bitcoin Futures in First Half 2018
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TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#89Nice to see Bitcoin back above 10kComment -
ShuteSBR Posting Legend
- 03-20-17
- 11835
#90Now maybe the time to get inComment -
Grits n' GravyRestricted User
- 06-10-10
- 13024
#91I could have bought 100k in bitcoin at the beginning of the year or 100k in nintendo... lol it wasn't a hard choice and sure as hell isn't now that bitcoin is 10k a piece.
the only opportunity being missed here is if you're not in the stock market, that is where the real returns are. Sure if you only have 1000 to your name then go all-in in bitcoin. But if you have real money then no one is going to put any substantial amount in cryptos especially when there is literally a thousand better choices.
I've haven't lost an ounce of sleep over this bitcoin run, been too busy making real money in a much safer risk-free way.
BULLSHIT!
Your entire family tree couldn't scrape together 10k much less you with 100k. The lies you tell. Go back to the kids table or under your gay congressman's desk.Comment -
TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#92Well that was short lived. We're always going to have AUTO SELL OFFS at 10k. It's inevitable.Comment -
ChuckyTheGoatBARRELED IN @ SBR!
- 04-04-11
- 37713
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k13SBR Posting Legend
- 07-16-10
- 18104
#96You are never "free" just in the hands of other people that can manipulate the market way faster than the us $.
The original Japanese entity owns like 30% of bitcoins,Comment -
jjgoldSBR Aristocracy
- 07-20-05
- 388179
#97The publics going to start getting in and I think it’s going to take dive
It cannot keep going up
ImpossibleComment -
bigtymer56SBR MVP
- 07-31-12
- 4742
#98
"Everybody’s talking about bitcoin, and I already own some. I’m not part of the visionary class that bought in when most people had never heard of bitcoin. But if bitcoin exchange-traded funds arrive soon, as expected, and every shoeshine boy starts to buy in, I’ll be way ahead of the dumb money. For maybe the first time ever."
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TheMoneyShotBARRELED IN @ SBR!
- 02-14-07
- 28672
#99I read this piece this morning and actually agreed with JJ for once. Don't know about taking a dive, but caused me stop and think the good times might stop sooner rather than later. People just buying because they see the price going up everyday. Don't know or care anything about the technology.
"Everybody’s talking about bitcoin, and I already own some. I’m not part of the visionary class that bought in when most people had never heard of bitcoin. But if bitcoin exchange-traded funds arrive soon, as expected, and every shoeshine boy starts to buy in, I’ll be way ahead of the dumb money. For maybe the first time ever."
Furthermore, takes a lot of balls investing 10k for one coin. Most don't have any.Comment -
raiders72001Senior Member
- 08-10-05
- 11167
#100Bitcoin Futures Are About To Be a Thing and It's Sending Prices Soaring
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