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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. PhiSlammaJamma

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    Tales from the Cryptocurrency.

    [​IMG]
     
  2. saitou

    saitou J Only Fan

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    disclaimer: not a technicals expert, was just looking to understand if this cycle is already over or if this buy the dip.

    chart is looking dire no? below 200dma, and looks like 50dma going to cross 100dma today.
     
  3. Commodore

    Commodore Contributing Member

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  4. I am a Donut

    I am a Donut Contributing Member

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    If it’s over, it would be the shortest, shallowest bull run yet. So I’m still hopeful. On the other hand, although 30-40% pullbacks are the norm, 60% is not, and does make this uncomfortable. I’m still betting on new highs this year, but bought some doomsday puts just in case.

    [​IMG]
     
    Xerobull likes this.
  5. Invisible Fan

    Invisible Fan Contributing Member

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    A trillion lost in crypto...I wonder how much of that is really lost. I guess the overlevered degens are hurting but genuinely wondering the amount of people who just bought in on crazy highs
     
  6. KingCheetah

    KingCheetah Contributing Member

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  7. Invisible Fan

    Invisible Fan Contributing Member

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    It'll take a while. Regulation and enforcement might tighten because of cyber ransoms. They're a big issue against crypto because of money laundering. If every transaction really was "transparent" these ransom attacks wouldn't have exploded over the last 5 years.

    Bitcoin is only as strong as its next competitor. Its narrative for existence has wildly shifted over the years into gold-like "store of wealth".

    I've seen mentioned that Libra was put under wraps by central banks. The threat to a legit crypto currency is real to governments. Bitcoin seems more like a curiosity and potential nuisance to them. We've known it for awhile and its limitations are clear.

    I'm betting on another blowoff top end of year, but not too sure afterwards. Financial news groups have doubts our juiced economy will persist in the next year.

    Until there is a synchronized ban on bitcoin, the dance will continue.
     
  8. IBTL

    IBTL Member

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    that dudes voice
     
  9. IBTL

    IBTL Member

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    I thought the no data anonymous part was one of the draws in the first place.

    My friend had a tie dye crab beanie baby it was worth 200 dollars.

    Ok so not zero ..10 dollars


    10 dollars is 10 dollars
     
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  10. DonnyMost

    DonnyMost not wrong
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    Gonna settle around 30-35K this Summer and then ramp up to 100K starting this Fall before settling back down to 50-60K in the Spring.

    Thanks for coming to my ted talk.
     
    saitou and Ziggy like this.
  11. Xerobull

    Xerobull You son of a b!tch! I'm in!
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    Watch this video. Ignore the cheesy late-night type shiling for his VIP service. There is a lot of good info here.

     
  12. DonnyMost

    DonnyMost not wrong
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    It's actually hard to tell if it's satire or not.

    Hell even if it isn't satire daytrading goobers make me laffo.
     
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  13. Xerobull

    Xerobull You son of a b!tch! I'm in!
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    This one is good, too- same disclaimers

     
  14. Space Ghost

    Space Ghost Contributing Member

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    Bear market canceled.

    Sjitcoiners come back out in full force.
     
  15. saitou

    saitou J Only Fan

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    keep the sjitcoin talk to the appropriate thread.
     
  16. Space Ghost

    Space Ghost Contributing Member

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    Bitcoin is a sjitcoin. Its boiling the oceans and polluting the world.
     
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  17. DonnyMost

    DonnyMost not wrong
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    Not watching more of these jokers. Give me a TLDR.
     
  18. Xerobull

    Xerobull You son of a b!tch! I'm in!
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    ¯\_(ツ)_/¯

    The water is there, drink it or don't. :)
     
  19. Yung-T

    Yung-T Member

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