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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. Space Ghost

    Space Ghost Contributing Member

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    MARA and RIOT are companies who mine cryptocurrencies. Before, mining farms would sell their yields to pay for their operation costs. Now companies are letting investors pay for their operational costs and keeping the crypto as 'investments'. What this does is lower the stock to flow, reducing the Bitcoin supply, thus driving up the cost even higher.
     
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  2. Ziggy

    Ziggy 99ers STAND BY
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    They mine (and sometimes buy) bitcoin.
     
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  3. saitou

    saitou Schrödinger's Shill
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    Alright, I'll stop over thinking it and buy some. FYI mara ceo just sold 700k shares which is prob y it went down the other day.
     
  4. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Also, if you're in Texas, technically there are 7 states Binance US currently does not serve, and Texas is one of them.
     
  5. Ziggy

    Ziggy 99ers STAND BY
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    You know what... I think he took home a big bonus too. That's not great to see. But... it's like a 3-person company so I don't know. There are no real baselines when it comes to crypto.
     
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  6. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Kraken has cordano but not other sheet coins. It’s like impossible to find exchanges for some of these. @Commodore and his pannus giggling in glee
     
  7. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Binance has a world class shitty verification system. Wasn’t able to register because they think I live in Virginia for some reason
     
    Invisible Fan likes this.
  8. Invisible Fan

    Invisible Fan Insider Newsletter™ 2X Diamond Member

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    As a lazy investor, I got into hive blockchain three years ago chasing its previous highs. Learned it was essentially a ponzi scheme underneath the mining and existing crypto holdings when it crashed down and me forgetting to add a stop loss..

    Now with a new owner (GROW?) and restructured finances, it's back to all time highs baby.
     
  9. Commodore

    Commodore Contributing Member

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    this is a great summary on the state of Bitcoin for the unfamiliar

     
  10. saitou

    saitou Schrödinger's Shill
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    +1. smol position for me to start. will add if it dips.
     
  11. Ziggy

    Ziggy 99ers STAND BY
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    Oh. It's DIPPING. Lulz.
     
  12. Space Ghost

    Space Ghost Contributing Member

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    Cyber Monday deals are out. Bitcoin is on sale.
     
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  13. dmoneybangbang

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    It's a great speculative asset right now.
     
  14. Ziggy

    Ziggy 99ers STAND BY
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    There's a theory out there that the US government CREATED Bitcoin.
     
  15. Space Ghost

    Space Ghost Contributing Member

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    No.
     
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  16. Dr of Dunk

    Dr of Dunk Clutch Crew

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    [​IMG]
     
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  17. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    **** one of my colleagues told me it dipped to 46 momentarily
     
  18. DaDakota

    DaDakota Contributing Member
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    I think I should have bought $100 when it first came out like my CTO told me to do.....

    DD
     
  19. Commodore

    Commodore Contributing Member

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    we're still very early

    start purchasing $100 every week, your future self will thank you
     
  20. KingCheetah

    KingCheetah Contributing Member

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    *China
     
    CCity Zero and LosPollosHermanos like this.

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