1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

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. Ziggy

    Ziggy QUEEN ANON

    Joined:
    Jun 11, 1999
    Messages:
    36,739
    Likes Received:
    13,131
    If we're regulating things that weaken USD, the #1 culprit right now is the US government, so who will regulate them? The proud boys? Antifa?
     
  2. LosPollosHermanos

    LosPollosHermanos Houston only fan
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    28,577
    Likes Received:
    12,519
    The US govt banning means of payment with greater than a trillion dollars while facilitatinf most of the capital through its constituents and not buying into it, integrating , it would be highly highly stupid.

    sums up the inefficiencies and business killling mindset of the govt

    the answer is be better, adapt, not ban things
     
  3. adoo

    adoo Member

    Joined:
    Mar 1, 2003
    Messages:
    9,508
    Likes Received:
    6,047
    the operative word is de-stabilize
     
    #5003 adoo, Apr 8, 2021
    Last edited: Apr 8, 2021
  4. Invisible Fan

    Invisible Fan Contributing Member

    Joined:
    Dec 5, 2001
    Messages:
    43,147
    Likes Received:
    25,187
    China crypto is a trip. CeFi 2.0 :rolleyes:
    https://www.coindesk.com/china-digital-yuan-cbdcs-crypto

    I wouldn't be surprised if reality morphs it from big bad threat into yet another stable coin pegged by fiat.

    ..until the US resolves the dollar problem and brings out its own digital currency.

    Thiel is bullish on BTC. I think he's voicing a critic's point that more than half of the miners are in places like China, Russia and Iran.

    What Thiel is pushing is different though, he wants US to invest more so that hypothetical 51% attacks won't happen.
     
    Space Ghost likes this.
  5. Commodore

    Commodore Contributing Member

    Joined:
    Dec 15, 2007
    Messages:
    30,839
    Likes Received:
    14,336
  6. saitou

    saitou J Only Fan

    Joined:
    Jul 20, 2003
    Messages:
    3,490
    Likes Received:
    1,503
     
    Invisible Fan likes this.
  7. Invisible Fan

    Invisible Fan Contributing Member

    Joined:
    Dec 5, 2001
    Messages:
    43,147
    Likes Received:
    25,187
    I don't either. Once they figure things out and roll their own, they're more likely to smother BTC than let it control a 10T+ net worth.

    Maxis think they can move the miners around borders but it's size and concentration makes it easier for China-esque control.

    I think we havefrom that though. People are probably waiting for some endgame where most of the profitable btc is mined out and it takes an entire continent to power.
     
  8. LosPollosHermanos

    LosPollosHermanos Houston only fan
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    28,577
    Likes Received:
    12,519
    ****ing binance blowing up like crazy wish I got some
     
  9. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,156
    Likes Received:
    31,111
    God bless. Should've kept my bunches of XRP instead of selling it for BTC and some ADA. lol.
     
  10. I am a Donut

    I am a Donut Contributing Member

    Joined:
    Jul 29, 2003
    Messages:
    1,104
    Likes Received:
    699
    i found a small bag of xrp on an old wallet, and was surprised to find I couldn’t sell it on any exchange lol. Finally was able to on uphold whatever that is.
     
  11. I am a Donut

    I am a Donut Contributing Member

    Joined:
    Jul 29, 2003
    Messages:
    1,104
    Likes Received:
    699
  12. I am a Donut

    I am a Donut Contributing Member

    Joined:
    Jul 29, 2003
    Messages:
    1,104
    Likes Received:
    699
    i think it still has more up. Exchange tokens should do well for the rest of the run. I’ve been adding to FTT.
     
  13. KingCheetah

    KingCheetah Contributing Member

    Joined:
    Jun 3, 2002
    Messages:
    55,883
    Likes Received:
    47,583
    Why not post the summary tweet?
     
    Ziggy likes this.
  14. I am a Donut

    I am a Donut Contributing Member

    Joined:
    Jul 29, 2003
    Messages:
    1,104
    Likes Received:
    699
    its worth reading. There is really nothing to gain from reading the summary...number probably go up isn’t very interesting but the details are.
     
    LosPollosHermanos likes this.
  15. LosPollosHermanos

    LosPollosHermanos Houston only fan
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    28,577
    Likes Received:
    12,519
    Do tldr
     
  16. Space Ghost

    Space Ghost Contributing Member

    Joined:
    Feb 14, 1999
    Messages:
    14,945
    Likes Received:
    6,150
    Or he could just write a thoughtful essay on medium that nobody would read.
     
    DonkeyMagic likes this.
  17. Dr of Dunk

    Dr of Dunk Clutch Crew

    Joined:
    Aug 27, 1999
    Messages:
    45,156
    Likes Received:
    31,111
    That was one of the reasons I dumped it. I didn't want to be holding onto something I couldn't get rid of or would be worthless, but I should've known if people try to keep stocks like GME afloat, that was probably a buy signal for XRP, not a sell. LOL. I kept some of the stuff I had from 2017/2018 after taking a chunk of profits back then because I figured if the remainder went to "0", I'd still have roughly broken even. When I saw ETH and others skyrocketing, I took profit in that, VET, IOST (lol), etc., too. I dumped some of the gains into BTC and ADA, kept my LTC and VTHO (lol), and put the money I gained by selling the rest into savings or the stock market. It's crazy how much some of this crap has gone up over the past year, though, and it's across the board for the most part. I'm hoping there's another tanking so I can rinse and repeat in another couple of years or so.
     
    Yung-T likes this.
  18. cheke64

    cheke64 Member

    Joined:
    May 12, 2009
    Messages:
    23,514
    Likes Received:
    14,903
    I wonder how rich @Spooner got from bitcoin.
     
  19. KingCheetah

    KingCheetah Contributing Member

    Joined:
    Jun 3, 2002
    Messages:
    55,883
    Likes Received:
    47,583
  20. I am a Donut

    I am a Donut Contributing Member

    Joined:
    Jul 29, 2003
    Messages:
    1,104
    Likes Received:
    699
    Same here. I started accumulating in 2018, so this is my first cycle of really nice gains. I’m looking to scale out during one more big push (hopefully) this cycle, then begin accumulating again in a couple of years (and with better knowledge of how to allocate). I’ll lend this year’s gains in stables until it’s time to reinvest.

    Unless we’re now in the supercycle lol.
     
    Yung-T likes this.

Share This Page

  • About ClutchFans

    Since 1996, ClutchFans has been loud and proud covering the Houston Rockets, helping set an industry standard for team fan sites. The forums have been a home for Houston sports fans as well as basketball fanatics around the globe.

  • Support ClutchFans!

    If you find that ClutchFans is a valuable resource for you, please consider becoming a Supporting Member. Supporting Members can upload photos and attachments directly to their posts, customize their user title and more. Gold Supporters see zero ads!


    Upgrade Now