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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

    34.8%
  2. Passing Fad

    65.2%
  1. Amiga

    Amiga Member

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    When and if you do, just don't leave us here guessing and holding the wrong side of the bag. ;)
     
  2. KingCheetah

    KingCheetah Atomic Playboy
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    [​IMG]
     
  3. DonnyMost

    DonnyMost Member

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    Pretty much correlates to the money printer.

    [​IMG]
     
  4. DonnyMost

    DonnyMost Member

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    Don't worry, you're not missing anything.
     
    Invisible Fan and KingCheetah like this.
  5. Xerobull

    Xerobull ...and I'm all out of bubblegum

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  6. Commodore

    Commodore Member

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    Everyone gets bitcoin at the price they deserve. You will capitulate eventually.

    One place to start is to ask yourself what makes the dollar or any money not a ponzi scheme, since its only purpose it to trade away (to a victim?) for something of use in the future.
     
  7. DonnyMost

    DonnyMost Member

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    I always laugh whenever someone says "but it doesn't produce anything!"

    The ledger/network is the product.

    It's digital property and a transfer protocol backed by the energy and materials used to operate and secure it.

    People who don't do their homework conflate network effect with ponzi schemes.
     
  8. Commodore

    Commodore Member

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  9. KingCheetah

    KingCheetah Atomic Playboy
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  10. DonnyMost

    DonnyMost Member

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    "Let them take 10 years to figure it out. That's how you 100x."
     
  11. DonnyMost

    DonnyMost Member

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  12. Space Ghost

    Space Ghost Member

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  13. Ziggy

    Ziggy QUEEN ANON

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    I used to believe in BTC. And still hold my original small portion. I also used to goon HARD on MARA and still sometimes dabble in it (why not). Still impressed by Michael Saylor's conviction.

    BUT.

    I think it's a pee-pee game now. It COULD be something, if used honorably, but it feels manipulated. Especially when someone like Trump who historically bashed it is suddenly it's biggest fan. OKAY.

    That crazy dude who burned himself outside of Trump's trial was definitely CRAZY but he was somewhat on to something IMO. BTC is going to get ROCKED at some point when the people that are treating it like a ponzi scheme decide to eject. Then PLTR is going to put us all into work camps (luiz).

    At some point down the line, after the ponzi purge, perhaps BTC finds its true rooting. But right now it smells of pee-pee games and I wont touch it.
     
  14. DonnyMost

    DonnyMost Member

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    It already is 'something'. Namely the world's best asset/property. There will never be a more resilient or effective long term store of value out there.

    Everybody is against bitcoin before they're for it. People suddenly changing their tune about it is common.

    Maybe do a bit of reading and studying history. We've gone through many 'ponzi purges' and gigantic draw downs and extended bear markets. Bitcoin isn't going anywhere.
     
  15. Ziggy

    Ziggy QUEEN ANON

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    Interesting point in your 2nd response, since I am the opposite.

    I admire your conviction. And Saylor's. Whatever conviction I once had in BTC is gone now.
     
  16. DonnyMost

    DonnyMost Member

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    It's an odd time to be having a conviction crisis. Normally these happen during the doldrums of 2+ year bear market, not on the cusp of a bullmarket halving where new ATHs were hit during what should have been a normally quiet period.

    Nothing has changed about or with Bitcoin itself, so I don't know what you reasoning is.
     
  17. DonnyMost

    DonnyMost Member

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    It's going up forever, Laura.



    Anyone see Trump or RFK's speeches at BTC24 last week? This summarizes how I feel about each of them quite well.

     
  18. Ubiquitin

    Ubiquitin Member
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    I don’t pay attention to BTC prices typically but it being less than 50k caught my attention. It was close to 70k a few days ago!!
     

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