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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. Ziggy

    Ziggy 99ers STAND BY
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    If we're regulating things that weaken USD, the #1 culprit right now is the US government, so who will regulate them? The proud boys? Antifa?
     
  2. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    The US govt banning means of payment with greater than a trillion dollars while facilitatinf most of the capital through its constituents and not buying into it, integrating , it would be highly highly stupid.

    sums up the inefficiencies and business killling mindset of the govt

    the answer is be better, adapt, not ban things
     
  3. adoo

    adoo Member

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    the operative word is de-stabilize
     
    #5003 adoo, Apr 8, 2021
    Last edited: Apr 8, 2021
  4. Invisible Fan

    Invisible Fan Insider Newsletter™ 2X Diamond Member

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    China crypto is a trip. CeFi 2.0 :rolleyes:
    https://www.coindesk.com/china-digital-yuan-cbdcs-crypto

    I wouldn't be surprised if reality morphs it from big bad threat into yet another stable coin pegged by fiat.

    ..until the US resolves the dollar problem and brings out its own digital currency.

    Thiel is bullish on BTC. I think he's voicing a critic's point that more than half of the miners are in places like China, Russia and Iran.

    What Thiel is pushing is different though, he wants US to invest more so that hypothetical 51% attacks won't happen.
     
    Space Ghost likes this.
  5. Commodore

    Commodore Contributing Member

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  6. saitou

    saitou Running Out of Toes
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  7. Invisible Fan

    Invisible Fan Insider Newsletter™ 2X Diamond Member

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    I don't either. Once they figure things out and roll their own, they're more likely to smother BTC than let it control a 10T+ net worth.

    Maxis think they can move the miners around borders but it's size and concentration makes it easier for China-esque control.

    I think we havefrom that though. People are probably waiting for some endgame where most of the profitable btc is mined out and it takes an entire continent to power.
     
  8. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    ****ing binance blowing up like crazy wish I got some
     
  9. Dr of Dunk

    Dr of Dunk Clutch Crew

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    God bless. Should've kept my bunches of XRP instead of selling it for BTC and some ADA. lol.
     
  10. I am a Donut

    I am a Donut Contributing Member

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    i found a small bag of xrp on an old wallet, and was surprised to find I couldn’t sell it on any exchange lol. Finally was able to on uphold whatever that is.
     
  11. I am a Donut

    I am a Donut Contributing Member

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  12. I am a Donut

    I am a Donut Contributing Member

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    i think it still has more up. Exchange tokens should do well for the rest of the run. I’ve been adding to FTT.
     
  13. KingCheetah

    KingCheetah Contributing Member

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    Why not post the summary tweet?
     
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  14. I am a Donut

    I am a Donut Contributing Member

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    its worth reading. There is really nothing to gain from reading the summary...number probably go up isn’t very interesting but the details are.
     
    LosPollosHermanos likes this.
  15. LosPollosHermanos

    LosPollosHermanos Pay tucker
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    Do tldr
     
  16. Space Ghost

    Space Ghost Contributing Member

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    Or he could just write a thoughtful essay on medium that nobody would read.
     
    DonkeyMagic likes this.
  17. Dr of Dunk

    Dr of Dunk Clutch Crew

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    That was one of the reasons I dumped it. I didn't want to be holding onto something I couldn't get rid of or would be worthless, but I should've known if people try to keep stocks like GME afloat, that was probably a buy signal for XRP, not a sell. LOL. I kept some of the stuff I had from 2017/2018 after taking a chunk of profits back then because I figured if the remainder went to "0", I'd still have roughly broken even. When I saw ETH and others skyrocketing, I took profit in that, VET, IOST (lol), etc., too. I dumped some of the gains into BTC and ADA, kept my LTC and VTHO (lol), and put the money I gained by selling the rest into savings or the stock market. It's crazy how much some of this crap has gone up over the past year, though, and it's across the board for the most part. I'm hoping there's another tanking so I can rinse and repeat in another couple of years or so.
     
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  18. cheke64

    cheke64 Member

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    I wonder how rich @Spooner got from bitcoin.
     
  19. KingCheetah

    KingCheetah Contributing Member

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  20. I am a Donut

    I am a Donut Contributing Member

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    Same here. I started accumulating in 2018, so this is my first cycle of really nice gains. I’m looking to scale out during one more big push (hopefully) this cycle, then begin accumulating again in a couple of years (and with better knowledge of how to allocate). I’ll lend this year’s gains in stables until it’s time to reinvest.

    Unless we’re now in the supercycle lol.
     
    Yung-T likes this.

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