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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. adoo

    adoo Member

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    to conduct illegal activities and $ laundering

    what illegal activities are u involved w that have enamored you w this rat poison in cyberspace ?
     
  2. htownrox1

    htownrox1 Member

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    Closing in on 10k.
     
  3. thegary

    thegary Contributing Member

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    I bought one for ***** and giggles more than 2k ago...
    Hmmm.
     
  4. CCity Zero

    CCity Zero Member

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    We should have bought RIOT stock, haha. Hopefully BTC pays off for you. I'm done w/ it for now, mine got stuck in a scam exchange (not much lost to even bother and cashed out rest) but I'm sure you'll make money.
     
  5. Yung-T

    Yung-T Member

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    Sad to hear, what exchange did you use?
     
  6. CCity Zero

    CCity Zero Member

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    Haha, man, so.... I invested in btc/alts made money and took it out, and then started moving around on house money on multiple exchanges for more alt action - some were very questionable...

    So definitely not blaming the whole movement or anything, anyway, I ended up stuck on IDAX trash. It wasn't a big amount so not a concern, but if it were... I'd definitely be bummed out, but I wouldn't have moved crazy cash like that to exchanges like that. Before the whole controversy I moved it into btc on that idax exg but didn't really feel like verifying info, then ceo scandal came out, it's basically in limbo there.

    But again not something major, I just feel bad for people who didn't know what they were getting into. Ie move off exg to wallet/use better exchanges/cashout initial investment etc etc, I was fully aware of the risks, I mean at one point I was doing arbitrage plays between multiple exchanges... Hell one was some random one in Russia, haha, so I fully knew the risks.

    My original plays where I made investment back and cashed out the initial + some were Coinbase/Binance - so no issues there.

    What exchanges do you like currently?
     
    Yung-T likes this.
  7. Commodore

    Commodore Contributing Member

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  8. Yung-T

    Yung-T Member

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    Mainly using coinbase for direct BTC and Eth purchases, then binance, bittrex for the larger alts.

    For more obscure alts I use mainly tradeogre, kucoin and oceanex.

    Also used Cryptopia in the past, thank god I pulled out all my stuff before they went broke. Ton of risk in these smaller exchanges, as you said, so I always transfer my alts to a wallet immediately after buying.
     
    CCity Zero likes this.
  9. CCity Zero

    CCity Zero Member

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    Absolutely agree, and glad to hear you avoided Cryptopia scandal!

    Thanks for the heads up on those exchanges still being good, I still have accounts on most - Coinbase/binance/kukoin/tradeogre, and I need to check but I think I might have bittrex iirc. I definitely felt Coinbase/binance and then even kukoin were great when I used them last, so thanks again for confirming
     
    Yung-T likes this.
  10. Mr. Brightside

    Mr. Brightside Contributing Member

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    Are there any exchanges that allow shorting of the cryptos? My futures broker requires 55K margin per each CME BTC contract.
     
  11. tallanvor

    tallanvor Contributing Member

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    happy halvening day everyone
     
  12. DonnyMost

    DonnyMost be kind. be brave.
    Supporting Member

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    We did it!

    Where's my lambo?
     
  13. Yung-T

    Yung-T Member

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    [​IMG]
     
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  14. Commodore

    Commodore Contributing Member

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    halving is a seminal even in human history, but hardly anyone will notice it
     
  15. CCity Zero

    CCity Zero Member

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    Watch stocks like RIOT and similar mining related stocks, like I mentioned earlier - options up decent amount, not financial advice etc. I just think this might allow you to make a faster % return over btc, definitely do DD though, I'm probably close to cashing a few options out. Then it will allow you to buy into btc if that's what you want or invest elsewhere. I don't know on longterm but it's responded as I expected so far.
     
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  16. CCity Zero

    CCity Zero Member

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    Cashed out contracts for now, don't want anyone to get stuck on hype and am not actively looking to own this stock, unless we see a change on hype etc. But returns on contracts avg'd between 100-200% each

    Again not financial advice etc.
     
    Yung-T likes this.
  17. Commodore

    Commodore Contributing Member

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  18. Commodore

    Commodore Contributing Member

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    10 years ago today, the most expensive pizzas ever purchased

    [​IMG]
     
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  19. donkeypunch

    donkeypunch Contributing Member

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    @SirIvyLeague be ballin.
     
    Yung-T likes this.
  20. Yung-T

    Yung-T Member

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    "Do two litecoin make me a whale"
    Breh was a legend.
     
    donkeypunch likes this.

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