What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    32.6%
  2. Passing Fad

    67.4%
  1. TheMystery008

    TheMystery008 Member

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    Almost everything is going back up now.
     
  2. tallanvor

    tallanvor Contributing Member

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    looks like Segwit will get the 80% adoption needed to prevent a fork. so people buying again. it will probably drop again before august 1st but then after skyrocket.
     
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  3. B-Bob

    B-Bob Contributing Member

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    Are most of you crypto-bros holding a bit of each brand?

    Am interested in posting long position in ethereum, even though I'll always feel like a year late to the party.
     
  4. HR Dept

    HR Dept Contributing Member

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    I've been holding LTC since it was around $25.

    Made a lot of money day trading BCC over the last week. It was almost too good to be true.
     
    TheMystery008 likes this.
  5. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Look on the bright side... you may only be a few months late... ether was trading around $12-$13 in February. lol. It's still well under its all-time high, though. I've been waiting a few days to get "verified". Of course it takes off as I'm waiting. *sigh* Oh well, maybe it'll crash again. :)
     
  6. LongTimeFan

    LongTimeFan Contributing Member

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    Finally pulled the trigger on a small portion of ethereum. I know next to nothing about it, but I wanted to take the chance to make some money in case it takes off. It's at $298 right now I believe -- always felt like I was going to be late to the party, so finally just bit the bullet and made a small investment.

    I don't know anything about mining -- is this something a novice investor/user can do? If I have 20 ethereum, for example, can I "mine" 10 ethereum (over the course of however many months) and then own 30 ethereum? As you can tell, I have no idea what I'm doing...
     
  7. tested911

    tested911 Member

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    I hold a 4:1 on ETH:XRP I'm very Bullish on ETH as the most likely to hit it's all time high of $400.. I hoping in a month or two.
    XRP is a long term play and have high hopes on its tech. I'm looking also at IOT but still have some researching to do.
     
  8. RedRedemption

    RedRedemption Contributing Member

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    Yup. That's essentially how it works.

    You receive cryptocurrency for a proportion of what you contribute relative to other people. So you are competing with people that are running large-scale mining operations that can process more transactions and at scale. Not only that but you have to make sure your GPU is efficient enough at mining to outweigh the costs of electricity, which would go up, since you are running your GPU at peak load 24/7.

    If you're interested in mining here's a basic setup/optimization guide: https://hothardware.com/reviews/ethereum-mining-analysis-gpu-performance-and-optimization
     
    #1368 RedRedemption, Aug 9, 2017
    Last edited: Aug 9, 2017
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  9. DonkeyMagic

    DonkeyMagic Contributing Member

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    i was interested in buying back when it was in the 400s but i honestly had no idea how to even buy bitcoin. I messed up on that front, but now just seems like a bit of a peak to buy in.
     
  10. tallanvor

    tallanvor Contributing Member

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    not even close to the peak. go buy.
     
  11. DonkeyMagic

    DonkeyMagic Contributing Member

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    call me crazy but buying at all time highs doesn't make me feel warm and fuzzy.
     
  12. tallanvor

    tallanvor Contributing Member

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    if you bought at any time in the past like 3 yrs then you probably bought at an all time high. there was a one moment spike in 2013 that got to $1100, but besides that spike its basically just gone up and up. the crypto civil war is mostly resolved. go buy now.

    [​IMG]
     
    #1372 tallanvor, Aug 10, 2017
    Last edited: Aug 10, 2017
  13. Yung-T

    Yung-T Member

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    Not true anyhow, there have been huge ups and downs up til now, even your chart shows it and there are more detailed ones available. The crypto war also is far from resolved and bitcoin isn't the best contender.
     
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  14. Commodore

    Commodore Contributing Member

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    doesn't need to be the best, just good enough
     
  15. tochiee22

    tochiee22 Contributing Member

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    I've been wanting to invest in bitcoin/ ether
    Anybody have advice to give ?
    Yes I know how they work ( sort of)
    Which one will be the better investment?
    Is it too late to invest?
    I only wanna invest a small amount per month (cost averaging)
     
  16. Commodore

    Commodore Contributing Member

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    you can set up a small amount per month/week to be purchased at Coinbase.com
     
  17. CCity Zero

    CCity Zero Member

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    What's the better/best wallets/exchange services for bc? I am interested in getting some, I have researched it but was looking for info on your personal experiences
     
  18. HR Dept

    HR Dept Contributing Member

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    If you're looking to just get small amounts of Bitcoin, Etherium, or Litecoin and just hold onto it, setup an account with Coinbase. If you want to start aquiring and trading Alt coins then setup a Coinbase account and an account with Bittrex.
     
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  19. tallanvor

    tallanvor Contributing Member

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    You should of bought.
     
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  20. TheMystery008

    TheMystery008 Member

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    Bitcoin is about to hit $4,000.
     
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