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Author Topic: Bitcoins - How is your investment  (Read 16775 times)

Coach is Back!

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Bitcoins - How is your investment
« on: January 22, 2018, 09:51:43 AM »
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Zillotch

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Re: Bitcoin collapse
« Reply #1 on: January 22, 2018, 09:55:13 AM »
focus on the tech, not currency
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Dave D

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Re: Bitcoin collapse
« Reply #2 on: January 22, 2018, 10:06:08 AM »
Quote from: Zillotch on January 22, 2018, 09:55:13 AM
focus on the tech, not currency

Unless you bought the  currency
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Zillotch

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Re: Bitcoin collapse
« Reply #3 on: January 22, 2018, 10:13:47 AM »
Quote from: Dave D on January 22, 2018, 10:06:08 AM
Unless you bought the  currency

tard time aside.... houston – we've got a fuking problem here, lol. look into the tech
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Kwon

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Re: Bitcoin collapse
« Reply #4 on: January 22, 2018, 10:17:00 AM »
Quote from: Zillotch on January 22, 2018, 10:13:47 AM
tard time aside.... houston – we've got a fuking problem here, lol. look into the tech

Unless you bought the currency.
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Dave D

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Re: Bitcoin collapse
« Reply #5 on: January 22, 2018, 10:26:39 AM »
Quote from: Zillotch on January 22, 2018, 10:13:47 AM
tard time aside.... houston – we've got a fuking problem here, lol. look into the tech

Bro the "tech" is nothing "new", it's Apple/Samsung pay. Except it's "anonymous"  ::)

People have been paying without cash since the 1800s, when the local general store or tavern would let customers keep weekly tabs, then people used checks and credit cards. Real money is the backer behind these, as it is with Bitcoins.  And like everything else someone will figure out a way to manipulate,hack,counterfeit, make it non secure over time.


And why weren't people concerned when a payment method fluctuated continually?
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Zillotch

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Re: Bitcoin collapse
« Reply #6 on: January 22, 2018, 10:31:33 AM »
Quote from: Dave D on January 22, 2018, 10:26:39 AM
Bro the "tech" is nothing "new", it's Apple/Samsung pay. Except it's "anonymous"  ::)

People have been paying without cash since the 1800s, when the local general store or tavern would let customers keep weekly tabs, then people used checks and credit cards. Real money is the backer behind these, as it is with Bitcoins.  And like everything else someone will figure out a way to manipulate,hack,counterfeit, make it non secure over time.


And why weren't people concerned when a payment method fluctuated continually?

what r u trying to say?
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Dave D

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Re: Bitcoin collapse
« Reply #7 on: January 22, 2018, 10:34:05 AM »
Quote from: Zillotch on January 22, 2018, 10:31:33 AM
what r u trying to say?

I'm asking what are you saying? What's the revolutionary tech with bitcoin?
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robcguns

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Re: Bitcoin collapse
« Reply #8 on: January 22, 2018, 10:35:20 AM »
 Bitcoin might be done,although I doubt it.I believe it has a few more bull runs in it.

Ethereum on the other hand will blow the fuck up.As will litecoin.
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Zillotch

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Re: Bitcoin collapse
« Reply #9 on: January 22, 2018, 10:35:58 AM »
Quote from: Dave D on January 22, 2018, 10:34:05 AM
I'm asking what are you saying? What's the revolutionary tech with bitcoin?

Oh, lol,, sorry...  blockchain... look into the blockchain
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Dave D

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Re: Bitcoin collapse
« Reply #10 on: January 22, 2018, 10:40:53 AM »
Quote from: Zillotch on January 22, 2018, 10:35:58 AM
Oh, lol,, sorry...  blockchain... look into the blockchain

Gotcha,  thanks.

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OlympiaGym

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Re: Bitcoin collapse
« Reply #11 on: January 22, 2018, 10:51:54 AM »
I hope it does "collapse." The crypto-currency fan boys are very annoying.
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Mr Anabolic

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Re: Bitcoin collapse
« Reply #12 on: January 22, 2018, 10:58:55 AM »
Quote from: OlympiaGym on January 22, 2018, 10:51:54 AM
I hope it does "collapse." The crypto-currency fan boys are very annoying.

Oh don't worry, it will.  Already lost 50% since the day it hit 20K a couple weeks back.  When the last 'greater fool' buys, the Ponzi fails.



Pro-blipcoin gib post in 3... 2... 1...
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Disgusted

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Re: Bitcoin collapse
« Reply #13 on: January 22, 2018, 11:07:17 AM »
Yep I pulled all my money out of bitcoin and bought gold.  ::)
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Zillotch

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Re: Bitcoin collapse
« Reply #14 on: January 22, 2018, 11:11:36 AM »
Quote from: Dave D on January 22, 2018, 10:40:53 AM
Gotcha,  thanks.

I have to tell ya, dave d... I feel that our interaction here today has been meaningful, beneficial and definitely memorable.

if u have no further questions - I quit this forum until my next post. I say that cuz I plan to go on a booze binge. bye
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Fuzzy Nuts

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Re: Bitcoin collapse
« Reply #15 on: January 22, 2018, 11:26:47 AM »
Sold Saturday night when the India story hit. Glad I did.
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Dave D

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Re: Bitcoin collapse
« Reply #16 on: January 22, 2018, 11:29:23 AM »
Quote from: Zillotch on January 22, 2018, 11:11:36 AM
I have to tell ya, dave d... I feel that our interaction here today has been meaningful, beneficial and definitely memorable.

if u have no further questions - I quit this forum until my next post. I say that cuz I plan to go on a booze binge. bye

I completely agree.  I'm educating myself on blockchain. I hope you enjoy your Monday intoxication. Be safe big Z.
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Zillotch

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Re: Bitcoin collapse
« Reply #17 on: January 22, 2018, 11:35:43 AM »
Quote from: Dave D on January 22, 2018, 11:29:23 AM
I completely agree.  I'm educating myself on blockchain. I hope you enjoy your Monday intoxication. Be safe big Z.

Dave D - U.. R.. one of the good ones. I've never said that before... so - I suggest that u grasp the magnitude of such a compliment.
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seCrawler

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Re: Bitcoin collapse
« Reply #18 on: January 22, 2018, 08:23:41 PM »
Quote from: Coach is Back! on January 22, 2018, 09:51:43 AM
https://www.thesun.co.uk/news/5396239/bitcoin-price-investors-selling-gold-value-collapse/

the origin of bitcoin is online gambling b/c gamblers weren't able move money through western union, moneygram and amazon gift cards any longer.   that has ponzi scheme written all over it.  top sharks have collected while bottom-dwellers keep filling the gaps with their money.  when i use to toy with 5 times several yrs ago, it was there but i over-looked it, should have dumped 10k in it and stole idiots' money
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The Scott

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Re: Bitcoin collapse
« Reply #19 on: January 22, 2018, 08:30:58 PM »
Seems like Dot Com shit all over again.  When people buy stock just to sell it again, what does that tell you  It's worthless because it's backed by nothing but the hope that some bigger moron will take it off your hands for more than you paid for it and he's hoping he can do the exact same thing?  It's kinda like buying futures that have no real future.

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polychronopolous

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Re: Bitcoin collapse
« Reply #20 on: January 22, 2018, 08:36:25 PM »
Bitcoin is like that old fighter that gets knocked down and keeps getting up and coming back for more.

I don't think it's over by a long stretch.
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seCrawler

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Re: Bitcoin collapse
« Reply #21 on: January 22, 2018, 08:52:02 PM »
Quote from: polychronopolous on January 22, 2018, 08:36:25 PM
Bitcoin is like that old fighter that gets knocked down and keeps getting up and coming back for more.

I don't think it's over by a long stretch.

of course it isn't going anywhere b/c the backbone is the multi-billion dollar illegal online gambling business, but the system still needs feeder guppies for the surplus. gamblers trade a dollar for a dollar but what are the virtual traders really trading, their real cash for monopoly money? 
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Mr Anabolic

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Re: Bitcoin collapse
« Reply #22 on: January 23, 2018, 05:04:35 AM »
Quote from: Disgusted on January 22, 2018, 11:07:17 AM
Yep I pulled all my money out of bitcoin and bought gold.  ::)

Someday all bliptards will wish they did this.

Gold is good, but silver has a higher profit potential.  VERY undervalued.
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Mr Anabolic

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Re: Bitcoin collapse
« Reply #23 on: January 23, 2018, 05:19:20 AM »
Quote from: The Scott on January 22, 2018, 08:30:58 PM
Seems like Dot Com shit all over again.  When people buy stock just to sell it again, what does that tell you  It's worthless because it's backed by nothing but the hope that some bigger moron will take it off your hands for more than you paid for it and he's hoping he can do the exact same thing?  It's kinda like buying futures that have no real future.

It is the dot.com shit all over again, just packaged differently.  Regarding any Ponzi bubble, it's never different this time, it's just the story that changes.  

You just described "the greater fool" principle.  When the last greater fool buys, the bubble collapses.  The 2 main emotional drivers in human beings are greed and fear.  When these emotions overtake people, critical thinking and logic is thrown out the window.   I would estimate that 70-80% of the population is not even capable of critical thinking, most simply follow the herd.
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denarii

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Re: Bitcoin collapse
« Reply #24 on: January 23, 2018, 09:15:31 AM »
the tech is worthless, just third party database software.
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