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Bitcoin has no real use other than gambling and laundering money
Not backed by anythingComment -
Rally has started. Back to 3900.Where's the fuckin power box, Carol?Comment -
Raiders, have u made good $$ on BtC? You seem like the most knowledgable guy in forum re: BtC.Where's the fuckin power box, Carol?Comment -
XRP is the future. Still great time to buy and hold it.Comment -
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but don't we all do that?
get screwed waiting for bitcoin confirmations but use it anyway... get screwed by offshore sportsbooks but use them anyway... etc etc
the restaurant employees at 95% of the places here are completely horrible, but i go there anyway because the pros usually outweigh the consComment -
To the moon again!Comment -
Bitcoin maybe...Crypto as a whole is just getting started. Bakkt right around the corner, etf approval most likely in a year or less. Those two things alone will bring alot of institutional money into this game. I agree with you to a point that maybe "Bitcoin's" run could be over. However, there are several cryptos out there with big minds, big money, and that can do much much more then bitcoin could ever dream of. Those are just getting started... Eos, Xlm, Ada, Xrp to name just a few. These have big teams and big money behind them. I understand theres 2k + coins out there. Most are shit coins but the strong will survive and mostly thrive going into our future..Comment -
The value of currency is simply that its an (often only) accepted unit of trade...to be widely accepted it has to be a relatively stable unit of trade...can you imagine the folks at walmart running around changing bitcoin prices every 5 minutes or you thinking your new car is going to cost 5 bitcoin and 2 hours later it costs 8 or vice versa it would simply be too unstable to ever have any confidence in what its trading value is...currency's only true value is in it's relative stability and acceptability...the speculation on BTC is that it would "settle" to some value point lets say a million dollars a bitcoin and then be acceptable internationally...this would start with major retailers accepting bitcoin but despite being pumped up like a Dem candidate on the mainstream news this never happened (probably bc it's price was so volatile) but what did happen is ppl saw what happens when major players dump lots of bitcoin on the market it shatters the value bc almost no one was actually buying anything with BTC they were just holding it as a highly speculative investment so when ppl saw it go from 19k to 14k in a week everyone slams the sell button and unloads their bitcoins and sends the currency into free fall to below 4k today just as they sent it soaring slamming the buy button prior...the only thing that's going to send bitcoin higher at this point is if a major retailer starts accepting it and don't hold your breathhttps://techcrunch.com/2018/11/25/oh...-tax-payments/
Your money does not exist in a bank either. If everyone went to cash out they could not.
Everything is a big ponzi scheme.
I agree about support levels, that stuff is a joke. It does not really exist.
Support levels....
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state of ohio now accepting bitcoin for tax payments, starting tomorrow
but they really aren't accepting bitcoin, they are accepting usd from bitpay who processes the paymentsComment -
Its a shame it hasnt gone lower. Thread will draw a ton of attention if it hits 3000. Same buffons will be lined up here flinging crap hoping it will stick just like they did several years ago laughing at bitcoin and we all know how that ended up.Comment -
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people can win or lose money on both sides of everything
i lost money on the way up by getting robbed by mt gox
then i made money buying puts on riot (being negative) even while bitcoin was steady/rallying
just look at the bloodbath these stocks have taken, they deserved to be laughed at, so much of the crypto market is total fraud...
- riot, high of 46.20 currently 1.87
- lfin, high of 142.82 currently 1.33
- lbcc, high of 9.49 currently .16
- hvbtf, high of 3.55 currently .23
anyone that was bullish on the long-term potential of cryptos and bought any of those stocks has pretty much lost everything... and anyone that was negative and went short is sure loving lifeComment -
Bitcoin goin lower everyday...folks must be tarded not to see that without the mainstream media pumping it 24/7 that it's goin to a million in 2 years this shit is worthless...true value is a couple hundred bucks and by end of next month that's bout where it will be...another advantage to "traditional" currency is that the companies that store it (we call them banks) don't normally just get hacked and have their entire deposits wiped out in 5 seconds and if your bank does get robbed its insured...must be nice to have had 100k in that Canadian bitcoin company that just got zeroed out the other day...they say sorry as their customers are chuggin loads under an overpass...who knows if they were complicit in the theft or not as there's ZERO regulationComment -
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Lol
Lol
RallyComment -
I still can’t believe I sold coins at 15k one short year ago. The bagholding hodl’ers must be fukkin sick right now.Comment -
Mike, isn't that the iced tea company that just slapped blockchain in their name to profit off the hype late last year? penetrating brilliant.
One thing being in crypto has taught me is how powerful greed and the fear of missing out can truly be. People with no business touching crypto going to slaughter thinking they were going to get rich quick.
Also, the amount of scamming going on in this space is unreal. People openly promote actual ponzi and pump and dump schemes (ex. Bitconnect). Still waiting for 90% of the coins out there to die off.
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yeah that's the one.Mike, isn't that the iced tea company that just slapped blockchain in their name to profit off the hype late last year? penetrating brilliant.
One thing being in crypto has taught me is how powerful greed and the fear of missing out can truly be. People with no business touching crypto going to slaughter thinking they were going to get rich quick.
Also, the amount of scamming going on in this space is unreal. People openly promote actual ponzi and pump and dump schemes (ex. Bitconnect). Still waiting for 90% of the coins out there to die off.
riot was a medical device company that changed its name and bought some equipment from the chairman (for 2x market value)... a company with $100,000 in annual sales that was trading for $600 million
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bulls trying to hold this critical support level
could develop into a dead cat bounce
if this breaks clear to 2000.
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the dollar is basically worthless too compared to 250 years ago. the point of bitcoin wasnt so ppl could speculate on price like it has turned into. it was made so that it wont inflate like other currencies and lose all its value in the long run and also in theory wont be able to be controlled by governments who want to tell you what you are allowed to spend your money on. even if bitcoin hits $200 it is still a giant success.Comment
...usually rallies dont involve losing half its value in 12 days but fair enough
