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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

    35.2%
  2. Passing Fad

    64.8%
  1. STR8Thugg

    STR8Thugg STR8Thugg Member
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    I doubt it busts through the $40000 barrier this time around, but it’s surprised me so many times.
     
  2. KingCheetah

    KingCheetah Contributing Member

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    I got the impression this was one of many crypto stashes/ successful investments.
     
  3. STR8Thugg

    STR8Thugg STR8Thugg Member
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    Steadily dropping again. Not gonna make it thru the 40000 barrier this time around. Probably good to get in again if it drops below 30 or 25. I doubt it will cave to 13 like it did 8-9 months ago.
     
  4. Ziggy

    Ziggy 99ers STAND BY
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    It'll stick in this 32-36 range. Or not.
     
    CCity Zero likes this.
  5. KingCheetah

    KingCheetah Contributing Member

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    Well crypto bros now is the time to sell inventor of bitcoin Tekashi69 has announced he has sold all his coins to the Chinese government for one trillion dollars -- it's over.

    +
     
    SamFisher likes this.
  6. STR8Thugg

    STR8Thugg STR8Thugg Member
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    Highkey hoping it dives to low 20s again, easy money on the comeback.
     
  7. Mr. Brightside

    Mr. Brightside Contributing Member

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    Tfor3, KingCheetah and Ziggy like this.
  8. saitou

    saitou Schrödinger's Shill
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    perhaps i'm looking for confirmation bias asking here... should i buy mara at this price?
     
  9. Ziggy

    Ziggy 99ers STAND BY
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    It used to be $150+ before the bubble, so, who knows. I'm not adding to my position yet. I don't know how or why it was priced higher than RIOT recently but it was.
     
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  10. KingCheetah

    KingCheetah Contributing Member

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    Donnie Bosco?
     
  11. CCity Zero

    CCity Zero Member

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    Yeah.... That honestly didn't make sense, I know we discussed riot/mara some in the other thread, it's pretty wild to say the least. Personally I'm hoping we have a shot at some easy options depending where this goes next. Or a nice entry to add/get back in, haha
     
  12. Dr of Dunk

    Dr of Dunk Clutch Crew

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    It always comes back to Seinfeld ...

     
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  13. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Yung-T likes this.
  14. donkeypunch

    donkeypunch Contributing Member

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    Dang, hes gonna find a lot of needles, just not his needle, in that haystack.
     
  15. Ziggy

    Ziggy 99ers STAND BY
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    I'm a MARA option boy, loaded up on them, strike was $11, expire in Feb, unloaded most already. RIOT boy too - shares. Insane ride, but like 10 different stocks are doing the same thing every day in this market.
     
    CCity Zero likes this.
  16. saitou

    saitou Schrödinger's Shill
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    Feeling the fomo, with the dilution on Friday, it may be my last chance! haha. The economics seem to make sense. Mining cost at $4.5k per btc.

    https://content.equisolve.net/_4ef3...7/pdf/MARA+IR+Presentation+-+January+2021.pdf

    Leaning heavily towards buying, and you can't avoid every risk, one lingering fear i have is crackdown on miners over environmental concerns. all this talk of green/esg/climate, seems unsustainable for btc to keep going up and attract more and more hashing power/electricity consumption.
     
    #4616 saitou, Jan 16, 2021
    Last edited: Jan 16, 2021
    Ziggy and CCity Zero like this.
  17. Space Ghost

    Space Ghost Contributing Member

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    Electricity is neither green or brown so that should not be a concern.
    DYOR. 40-70% of miners run on green energy generation.

    The reason is many green energy generators struggle to distribute the power. Hydro and geothermal generators are usually located in rural areas. The closer you are to the generator, the cheaper the power becomes. Grand Coulee Dam (central Washington) is the largest hydropower generator in the US. Iceland has plenty of hydro and geothermal. Both are in cold climates which provide a natural thermo distribution. The energy cost are dirt cheap in the immediate vicinity and real estate is very cheap. Naturally these attract massive mining farms.
     
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  18. saitou

    saitou Schrödinger's Shill
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    I see. It's articles like this that scare me: https://www.channelnewsasia.com/new...ailand-power-energy-carbon-emissions-13945864 Seems unsustainable, as even more electricity will go toward it if prices goes up.
     
  19. Ziggy

    Ziggy 99ers STAND BY
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    What's your play?
     
  20. saitou

    saitou Schrödinger's Shill
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    i'll prob buy some shares to scratch an itch, so i don't feel totally left out if btc hits $1mil haha. small position :)
     
    Ziggy likes this.

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