TGokou Posted January 19, 2018 Share Posted January 19, 2018 (edited) 8 hours ago, themcdeal said: This is one of the biggest issues Many people are in it thinking its an easy way to double or triple their money and have no understanding of the technology, belief or utility of it as a currency. When the price goes down 30% they'll ramble about it being a scam and worthless and will sell panic sell immedietly. When the price goes up 300% they cry about not investing in it. Fact is unless the digital currency can be backed by something tangible and is not subject to the wild swings in value, it won't have much value as a currency. I'm not saying the technology is useless as I'm sure there are plenty of excellent applications for it but not the way it currently stands. Also from what I here Bitcoin is super slow to process transactions and that already means it is absolutely useless for real world practical applications. Edited January 19, 2018 by TGokou Link to comment Share on other sites More sharing options...
drummer4now Posted January 19, 2018 Share Posted January 19, 2018 (edited) 18 hours ago, TGokou said: Fact is unless the digital currency can be backed by something tangible and is not subject to the wild swings in value, it won't have much value as a currency. I'm not saying the technology is useless as I'm sure there are plenty of excellent applications for it but not the way it currently stands. Also from what I here Bitcoin is super slow to process transactions and that already means it is absolutely useless for real world practical applications. That and higher transaction fees... a cup of coffee would cost you approx. $35 extra.. IMO its best for investing and money laundering lol.. or purchasing higher priced items like vehicles. Edited January 19, 2018 by drummer4now Link to comment Share on other sites More sharing options...
GLASSJAW Posted January 20, 2018 Share Posted January 20, 2018 none of this fees/processing time stuff matters. this is young technology. bitcoin will have lightning network implemented soon and the fees will be next to nothing and transaction times will be near-instant Link to comment Share on other sites More sharing options...
YummyCakeFace Posted January 20, 2018 Share Posted January 20, 2018 Just stop it already. It's going nowhere. Bitcoin shmitcoin. Another gimmick for the stupid Link to comment Share on other sites More sharing options...
luckyjack Posted January 26, 2018 Share Posted January 26, 2018 (edited) Recently I tried to play at one online casino that accepts cryptocurrencies and I must say it was quite entertaining! I decided to try it after reading article about Cryptocurrencies for Gambling. Today bitcoins and other cryptocurrencies like Ethereum, Litecoin and BitcoinCash are becoming a popular alternative to making casino gambling transactions. So now we have the opportunity to play worldwide and without any limitations due to country laws. Edited January 26, 2018 by luckyjack Link to comment Share on other sites More sharing options...
GLASSJAW Posted January 31, 2018 Share Posted January 31, 2018 despite the recent price drop, there's been a fair bit of good (and very important) news for bitcoin this week primarily that Robinhood is now offering a cryptocurrency service. and ONE MILLION people already signed up for it despite it only being available in five US states: https://www.cnbc.com/2018/01/29/more-than-1-million-people-sign-up-for-early-access-to-robinhoods-new-crypto-trading-service.html Square has launched bitcoin trading (which sent Square's stock up almost 5%):lhttps://www.cnbc.com/2018/01/31/jack-dorseys-square-launches-bitcoin-trading-for-all-cash-app-users-except-those-in-four-states.html Samsung is now "mass producing" ASIC mining chips: https://techcrunch.com/2018/01/31/samsung-confirms-asic-chips/ there are other asian/chinese companies also working on mining equipment to challenge bitmain's dominance. Link to comment Share on other sites More sharing options...
Grapefruits Posted February 1, 2018 Share Posted February 1, 2018 (edited) On 1/20/2018 at 1:39 AM, YummyCakeFace said: Just stop it already. It's going nowhere. Bitcoin shmitcoin. Another gimmick for the stupid LOL! It's going nowhere? Look how far it has came since 2015. Hell, last September. Still worth over double. I guess I am stupid for paying my car off because of my Bitcoin investments? At the end of the day, I basically paid roughly $11,500 Canadian for my Civic. Which I bought brand new less than 2 years ago. Edited February 1, 2018 by Grapefruits Link to comment Share on other sites More sharing options...
Scottish⑦Canuck Posted February 5, 2018 Share Posted February 5, 2018 Gotta be close to the bottom now. Glad I cashed a lot out last month before all this FUD descended upon the markets. Link to comment Share on other sites More sharing options...
drummer4now Posted February 5, 2018 Share Posted February 5, 2018 2 hours ago, Scottish⑦Canuck said:Gotta be close to the bottom now. Glad I cashed a lot out last month before all this FUD descended upon the markets. Well I hope this wasn’t a shock to anyone... that the bitcoin bubble would eventually burst. Like tulip mania The only reason the price went up so high was because of FOMO.. Having said that bitcoin and other crypto currencies are here to stay, but maybe now bitcoin can stabilize to a more releastic price/evaluation. I feel bad for those people who sold everything for mining rigs or for bitcoin right now, not so sad for those who cashed out earlier though.. and what about that bitconnect fraud.. Also Dont believe those quacks who say it will raise to $50,000 plus a coin because it won’t anytime soon. I am hoping a flipping happens where the price of Ethereum goes up now.. Link to comment Share on other sites More sharing options...
GLASSJAW Posted February 5, 2018 Share Posted February 5, 2018 3 hours ago, Scottish⑦Canuck said: Gotta be close to the bottom now. Glad I cashed a lot out last month before all this FUD descended upon the markets. yeah, there's a tremendous amount of support in the 7000 USD range, so extremely unlikely it'll drop below that for a little while i was a bit shocked/scared by this - now i'm totally over it. everyone knew the crash was coming - and numerous experts even called $7000 as the bottom last fall. those same sources called highs in the 20k+ range. just a matter of waiting it out and seeing what happens Link to comment Share on other sites More sharing options...
nuckin_futz Posted February 5, 2018 Share Posted February 5, 2018 The spike low on Nov 11th at approx $5500 would be the place to take a punt. Link to comment Share on other sites More sharing options...
drummer4now Posted February 6, 2018 Share Posted February 6, 2018 (edited) 18 hours ago, GLASSJAW said: yeah, there's a tremendous amount of support in the 7000 USD range, so extremely unlikely it'll drop below that for a little while i was a bit shocked/scared by this - now i'm totally over it. everyone knew the crash was coming - and numerous experts even called $7000 as the bottom last fall. those same sources called highs in the 20k+ range. just a matter of waiting it out and seeing what happens According to shapeshift.io the most common trade or exchange is bitcoin —> Eth or Eth —> bitcoin. So the markets are very loosey goosey right now.... The xrp hype is rapidly fading away now.. Edited February 6, 2018 by drummer4now Link to comment Share on other sites More sharing options...
GLASSJAW Posted February 6, 2018 Share Posted February 6, 2018 4 minutes ago, drummer4now said: According to shapeshift.io the most common trade or exchange is bitcoin —> Eth or Eth —> bitcoin. So the markets are very loosey goosey right now.... The xrp hype is rapidly fading away now.. XRP is complete and utter trash. buuuut i'll buy some if it drops another 10-20 cents, just in anticipation of it likely (maybe) being added to coinbase Link to comment Share on other sites More sharing options...
GLASSJAW Posted February 6, 2018 Share Posted February 6, 2018 btc at 6650 USD now, meaning i dunno what's going on which calls to believe anymore. some calling 5k, some calling 6, some calling 1k. the crashing stock market probably isn't helping tomorrow us gov having a SEC meeting about crypto - results should be interesting (i think the released documents are suggesting it'll be a positive discussion. but who knows) Link to comment Share on other sites More sharing options...
Grapefruits Posted February 6, 2018 Share Posted February 6, 2018 Happy I dumped some of my coins last month. Really starting to wonder if I should just dump all and call it a day. Could put a very large dent in my mortgage. Then there is that part of me that made the decision years ago to hold and see where it goes. Though I did somewhat break that rule already. Should be an interesting 2018. Link to comment Share on other sites More sharing options...
nuckin_futz Posted February 6, 2018 Share Posted February 6, 2018 Bitcoin futures just halted, locked limit down. Not sure how long the halt is for. Things very ugly this evening in all financial products. Link to comment Share on other sites More sharing options...
Scottish⑦Canuck Posted February 6, 2018 Share Posted February 6, 2018 I might delete blockfolio and avoid all cryptocurrency discussions for a week. Link to comment Share on other sites More sharing options...
TGokou Posted February 6, 2018 Share Posted February 6, 2018 I'm actually of the belief that bitcoin will drop to around the $2000 (maybe slightly below) and level off. While I won't put money into it until I see a bottom form, I think the whole cryptocurrency still has another run to go before it ends. I am solely basing this on the market cap, which at it's peak hit something like 700billion which is actually quite small compared to previous bubbles. I believe the dot.com bubble hit a market cap of around 6-8 trillion after inflation so theoretically there's still a lot of stupid money that can invest in this. Link to comment Share on other sites More sharing options...
GLASSJAW Posted February 7, 2018 Share Posted February 7, 2018 (edited) encouraging discussion at the SEC today. senator mark warner saying crypto could hit 20 trillion marketcap by 2020. chris giancarlo (head of commodity/futures trading commission - CFTC) is extremely interested and optimistic about blockchain and bitcoin itself, thinks its a generational thing and the CFTC needs to regulate it to help it grow for the next generation. one man even compared blockchain development to that of the creation of cell phones. this of course influenced the price positively, but not dramatically. but who really cares at this point? either you believe in crypto or you don't - if you do, now is the time to buy. if you don't, you should have sold long ago. if, and that's a big if, you believe in this stuff, you have to realize that crypto is FUNDAMENTALLY still in the early stages. crypto's full potential as a technological event is still years away from realizing its potential. the Ethereum dev team, for example, (Vitalik himself) says Ethereum won't even be properly scalable for YEARS to come. YEARS. Bitcoin's lightning network is still in its early stages too. maybe none of this will make the tokens/coins themselves worth money, but you've gotta be braindead to not see how this isn't an avenue for tremendous financial opportunity in some way or another going forward Edited February 7, 2018 by GLASSJAW Link to comment Share on other sites More sharing options...
Jägermeister Posted February 8, 2018 Share Posted February 8, 2018 (edited) Put a decent amount of money (for me) into the fold the last couple days, really hoping that we've seen the worst for a while, was really second guessing myself every time I bought more. If things can get back to where they were 3 weeks ago in the next couple of months I'll be a happy guy. Edited February 8, 2018 by Jägermeister Link to comment Share on other sites More sharing options...
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