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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

    35.0%
  2. Passing Fad

    65.0%
  1. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    dachuda86 likes this.
  2. Space Ghost

    Space Ghost Contributing Member

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    Nice find. The landfill of crypto.
     
  3. KingCheetah

    KingCheetah Contributing Member

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    They blew a golden opportunity to call it cryptomaniac.
     
    Xerobull likes this.
  4. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    This was $1.31 when I mentioned it on 1/13.

    $16.17 today, $20.56 a week ago. These guys know their **** and run a computer learning business to predict the price of specific Crypto.



    I bought three of the miners instead of just buying the crypto. This was the start of my re-interest in crypto and I still had a little FOMO.

    Oh, and the miners won't get to me until next month.
     
    Space Ghost likes this.
  5. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    What do you mean miners, like riot and Mara?
     
  6. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    The Helium miners are also access points for the mesh network. Every time you contact a device on the network, you ‘mine’. It’s a raspberry Pi and an antenna with the helium encrypted key.
     
  7. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Nice. How do you always get a pump on alts?
     
  8. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    Me, personally? A good friend of mine has been into crypto since 2013 or so, has all the good resources. It’s all he does. But it’s also the bull market so you can hit a pump blindfolded now.
     
  9. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Not really man, by the time you get it it’s dump time. What are your top 5 ones to keep an eye out for
     
  10. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    Hope everybody made some good money this morning
     
    IBTL likes this.
  11. Air Langhi

    Air Langhi Contributing Member

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    sold some at 64k ish and now its almost at 65. Crazy.
     
  12. Ziggy

    Ziggy QUEEN ANON

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    If they are not lying, Austin-based Blockcap looks to be yamn BTC - https://www.blockcap.com/ and even saving a little energy.
     
  13. DonnyMost

    DonnyMost be kind. be brave.
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    I just sold a chunk of BTC to pay for my "forever" home.

    Feels good to have leveraged it to affect something tangible in my life.

    Keep stacking sats, boys.
     
  14. Space Ghost

    Space Ghost Contributing Member

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    Congrats! It's an unpopular move to sell off crypto and other speculative assets in favor of paying off low interest debt. I'm very close to liquidating a large portion to pay off house and vehicle. From there I can just start using the $2,000 that would go to pay off debt and every month put $1,000 into 2 new seed funds every month and hold for 5 years.
     
  15. B-Bob

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

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    Yeah, I'm on the conservative side financially, so I see no problem in locking in gains. The "sigma" on the future of the global economy and commerce seems large enough that paying off a house when you can sounds pretty smart to me.

    But there are several good reasons I'm not a billionaire, LOL.
     
    Two Sandwiches likes this.
  16. Ziggy

    Ziggy QUEEN ANON

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    If it dips to 35k, you refueling?
     
  17. LosPollosHermanos

    LosPollosHermanos Houston only fan
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    I don’t know why but I get the feeling the bull run might be ending soon
     
  18. DonnyMost

    DonnyMost be kind. be brave.
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    No brakes on this train. Now that the house shopping is done I can focus on putting even more of my monthly income into crypto.
     
    LosPollosHermanos likes this.
  19. DonnyMost

    DonnyMost be kind. be brave.
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    Thanks!

    The way I see it is this. I'm locking in my gains to secure the largest and most important purchase of my life. Not only is a home to raise your family in basically "the goal" of all of my financial moves to this point, but real estate isn't exactly a stupid investment, especially in the DC market.

    I'm not done with crypto by a long shot. Now the pressure is off and I can be even more aggressive.
     
    Two Sandwiches and donkeypunch like this.
  20. Space Ghost

    Space Ghost Contributing Member

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    There comes a point where money is largely meaningless unless a person is going full on greed or raises their standard of living.

    Most are advising me to keep my mortgage since its 'cheap' debt. All I see is $1000 of interest each month that can easily earn me 25% a year on the conservative side.
     
    B-Bob and Two Sandwiches like this.

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