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What do people think about Bitcoin?

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

?

What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. GanjaRocket

    GanjaRocket Member

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    Xapo, btw has moved their HQ to switzerland..

    A long standing financial safe haven
     
  2. GanjaRocket

    GanjaRocket Member

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    scalability?


    bruh, do you even know about sidechains?

    <img src = https://s.yimg.com/fz/api/res/1.2/SQC.URhkqzx35AnH58FfRQ--/YXBwaWQ9c3JjaGRkO2g9NDcyO3E9OTU7dz00ODg-/http://cdn.meme.am/images/11392978.jpg>
     
  3. GanjaRocket

    GanjaRocket Member

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    <iframe width="560" height="315" src="https://www.youtube.com/embed/bZCDifG3zQc" frameborder="0" allowfullscreen></iframe>

    Bitcoins rule everything around me...
     
    1 person likes this.
  4. GanjaRocket

    GanjaRocket Member

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    <iframe width="560" height="315" src="https://www.youtube.com/embed/pID03RrmKow" frameborder="0" allowfullscreen></iframe>

    ZhouT Just killed this **** harder than drake did...
     
  5. GanjaRocket

    GanjaRocket Member

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    <blockquote class="twitter-tweet" lang="en"><p lang="en" dir="ltr">VIDEO: <a href="https://twitter.com/balajis">@balajis</a> and <a href="https://twitter.com/jerrybrito">@jerrybrito</a> discuss the evolution of <a href="https://twitter.com/hashtag/Bitcoin?src=hash">#Bitcoin</a> <a href="https://twitter.com/hashtag/TalksAtGS?src=hash">#TalksAtGS</a> <a href="http://t.co/V2ADQc368j">http://t.co/V2ADQc368j</a> <a href="http://t.co/Nahm4y7kVk">pic.twitter.com/Nahm4y7kVk</a></p>&mdash; Goldman Sachs (@GoldmanSachs) <a href="https://twitter.com/GoldmanSachs/status/610459489226108931">June 15, 2015</a></blockquote>
    <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>


    still just a joke right :confused::confused:
     
  6. GanjaRocket

    GanjaRocket Member

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    Are we seeing a real trend reversal™ ??


    :grin::p
     
  7. B-Bob

    B-Bob "94-year-old self-described dreamer"

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    No, no reversal: you are pretty much the only person posting in the thread right now, LOL. Loved the videos though, especially the Wu Tang one.
     
  8. Mr. Clutch

    Mr. Clutch Contributing Member

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    I'm taking a short position now.
     
  9. GanjaRocket

    GanjaRocket Member

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    Maybe I'm the only one who knows too much with nothing to do LOL
     
  10. GanjaRocket

    GanjaRocket Member

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  11. rocketshopeful

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    pardon the silly question, but how are people buying and selling bitcoins? There seems to be a wide range of storing "under you mattress" / local drives vs using a service like coinbase or Circle.

    I am not the uber paranoid type, but just trying to see what the common methods are.

    Any guidance would be much appreciated.
     
  12. Commodore

    Commodore Contributing Member

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    coinbase/circle are the easiest, but they also follow all the reporting requirements to the government, if that sort of thing bothers you
     
  13. rocketshopeful

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    thanks i just downloaded breadwallet after researching things, but perhaps I am one step ahead. Now I need to determine how to get the actual bitcoins and import into my wallet. Any recommendations on exchanges? Meeting someone up locally ruins the whole convenience factor.
     
  14. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

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    bitcoin owners are hoping to hit the lottery and don't realize it has already passed them by
     
  15. rocketshopeful

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    elaborate? seems to me investment is still heavy...but you are not the first person to mention this. what am I missing?
     
  16. GanjaRocket

    GanjaRocket Member

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    Bitquick.Co

    Take hard cash to sellers bank branch for safe exchange

    Bitquick holds coins until funds are sent to sellers bank acct after which they are sent to your specified wallet


    Or coinbase/circle.. but you can stay offline with Bitquick
     
  17. GanjaRocket

    GanjaRocket Member

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    Surely you jest...

    <Img src = http://www.clipartbest.com/cliparts/9iR/aX7/9iRaX7axT.png>
     
  18. GanjaRocket

    GanjaRocket Member

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    Don't listen to robbie.. certified thread troll who only serves the perhaps intentional but otherwise admirable role of devils crapvocate
     
  19. robbie380

    robbie380 ლ(▀̿Ĺ̯▀̿ ̿ლ)
    Supporting Member

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    My point is there is no reason to be buying it. It is a pure speculation play on price. If you have a need to use it then you can simply transfer funds and you don't have to hold the currency. There is no reason to own bitcoins other than for price speculation. It is not an investment.

    In my stock trader opinion I think bitcoin needs to show some kind of ability to have a sustained move upward and break the massive downtrend if you want to buy it. It is trying to put in a decent base down here, but in my experience stocks/charts/whatever that has had a mega speculative move to the upside generally retraces back to the levels it originally broke out from. Those levels would be closer to the $100 area. I don't trust bitcoin to have a sustained move higher, but the ultimate indicator is price action. There is strong support at $220 and strong resistance at $300. There is a resistance at all the major 10's of numbers between there (250, 260, 270, etc). The next test of bitcoin would be if it can maintain a price above the most recent breakout of 240. If it can then it may be a worthy trade to buy.

    That said it is nothing more than a trade in my opinion.
     
  20. rocketshopeful

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    gotcha thanks..
     

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