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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

    35.8%
  2. Passing Fad

    64.2%
  1. Commodore

    Commodore Contributing Member

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    Unless you foolishly rebalance, that 10% initial allocation will soon become a majority of your wealth
     
    RedRedemption likes this.
  2. Dr of Dunk

    Dr of Dunk Clutch Crew

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    The first question is for someone that knows your finances better like you or a financial planner.
    The second question is something nobody in here can answer because a) what does "viable" mean to you? b) what is "long term" to you c) nobody has a crystal ball.
     
    RedRedemption likes this.
  3. jayhow92

    jayhow92 Member

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    Looking like throwing my Biden Bucks into Bitcoin and eth dips instead of stocks was the right move.
     
    Space Ghost likes this.
  4. Asian Sensation

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    Fck no. It’s Alt season!

    https://www.blockchaincenter.net/altcoin-season-index/
     
    RedRedemption likes this.
  5. Xerobull

    Xerobull Salve Dicit Mater Tua
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  6. Xerobull

    Xerobull Salve Dicit Mater Tua
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    Correction day!
     
  7. Ziggy

    Ziggy 99ers STAND BY
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    Any dips before it stops flirting back and forth with 60k and REALLY breaks through 60k are blessings.
     
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  8. Xerobull

    Xerobull Salve Dicit Mater Tua
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    Buy the red!
     
  9. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    How are you guys buying alts? What’s a goood wallet to trade ethi to and exchange. **** is driving me insane
     
  10. Xerobull

    Xerobull Salve Dicit Mater Tua
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    Great report on the market here: https://kraken.docsend.com/view/c289sas89ajfqktb




    I use what I have to. The market disparity is crazy. Aside from the big ones like Binance, Coinbase, Kraken, etc, there are over 850 exchanges. Personally, I like it because it's a barrier to entry. You have to buy X and transfer to Y to convert so you can buy Z.

    To answer your question, sign up for the big exchanges then transfer around, don't use ERC20 (Eth) to transfer if you can avoid it because the fees are stupid high (gas). Stuff like Uniswap and 1inch are straight wallet with fees.
     
    Ziggy likes this.
  11. I am a Donut

    I am a Donut Contributing Member

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    kraken has the best combination of markets, liquidity and fees for US customers IMO. FTX.us has better fees, good liquidity and the best UX, but fewer markets to trade.

    Stay far far away from hotbit. They have the most coins but it’s truly a hot trash exchange.

    If you’re trying to do the whole defi gem hunting thing, then metamask wallet + uniswap is the place to start, but like Xerobull mentioned, be prepared to get eaten alive by gas fees.
     
    Xerobull likes this.
  12. The Real Shady

    The Real Shady Contributing Member

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    Would also add some ETH as a percentage. I can see smart contract platforms soon being accepted by institutions as well. I saw an interesting comparison that ETH is in the same stage that bitcoin was in during 2017. Of course expect some washouts between now and then.
     
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  13. Ziggy

    Ziggy 99ers STAND BY
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    Someone should make a digital coin backed by physical gold. :cool:
     
  14. Xerobull

    Xerobull Salve Dicit Mater Tua
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    It's accepted that ETH is a market cycle behind BTC, and so far comparisons have held up.
     
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  15. The Real Shady

    The Real Shady Contributing Member

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    Ziggy likes this.
  16. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Just trying to buy some decred before it explodes more. AlreDy missed out on 300% gains because can’t buy it. Kraken doesn’t have anything I want unfortunately
     
  17. I am a Donut

    I am a Donut Contributing Member

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    For DCR I’d go to kucoin

    p.s. kraken has DOT and KSM...how could you not want those :D
     
    #4997 I am a Donut, Apr 7, 2021
    Last edited: Apr 7, 2021
  18. DonnyMost

    DonnyMost clean your room bucko

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  19. adoo

    adoo Member

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    https://finance.yahoo.com/news/peter-thiel-china-using-bitcoin-093000576.html


    Peter Thiel, billionaire venture capitalist, and PayPal co-founder advised the U.S. government to consider tighter regulations on cryptocurrencies.

    Thiel made these comments after he expressing worry the Chinese are weaponing bitcoin to corrode the U.S. financial system / de-stabilize the US dollar.


     
  20. I am a Donut

    I am a Donut Contributing Member

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    lol
     

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