Photo

Blockchain, Bitcoin, Crypto


  • Please log in to reply
48 replies to this topic

#1 BSLChrisStoner

BSLChrisStoner

    Owner

  • Administrators
  • 159,591 posts

Posted 21 December 2017 - 08:45 AM

NY Times:

 

What Is Bitcoin, and How Does It Work?


Bitcoin hasn't replaced cash, but users don't care
https://www.nytimes....FCDE755&gwt=pay

 

Winklevoss twins find redemption in Bitcoin
https://www.nytimes....voss-twins.html

 



#2 The Epic

The Epic

    ^^ That's my name. Don't wear it out.

  • Members
  • PipPipPipPipPip
  • 7,148 posts
  • LocationGlyndon, MD

Posted 21 December 2017 - 08:59 AM

OMG, please don't get me started on bitcoin. I may never stop. LOL


  • BSLChrisStoner likes this

#3 Mackus

Mackus

    HOF

  • Members
  • PipPipPipPipPip
  • 63,787 posts

Posted 21 December 2017 - 09:02 AM

A good buddy of mine got in a couple years ago.  Not sure how much he invested, my guess would be a few to several thousand, but enough that if you increase it 100 fold it'd be a really nice nest egg.  He hasn't sold it yet, which I think is insane.

 

Another friend of mine who is a money trader thinks it's the stupidest thing in the world.  "Worse than investing in beanie babies" is the best line I got.  There is no asset, it's just an illusion.

 

I threw a little bit of money at it recently (a couple different currencies) as a short term gamble.  Hoping to ride the crest of the wave and cash out before the bubble bursts.  If I can turn a quick 50% profit, that'd be a nice few months.  But I only put money that I won't completely hate myself for losing when it inevitably goes to zero.


  • BSLChrisStoner likes this

#4 RShack

RShack

    Fair-weather ex-diehard

  • Members
  • PipPipPipPipPip
  • 23,000 posts

Posted 21 December 2017 - 09:21 AM

It's clearly a bubble.

 

IMO, it's a bubble that's not anywhere near its top.


  • BSLChrisStoner likes this

 "The only change is that baseball has turned Paige from a second-class citizen to a second-class immortal." - Satchel Paige


#5 BSLMikeLowe

BSLMikeLowe

    CFB Analyst

  • Moderators
  • 20,360 posts
  • LocationPortland, Oregon

Posted 21 December 2017 - 12:18 PM

The tulip bulbs of the 21st century. 40% of all bitcoin is owned by about 1,000 people. If a critical mass of them decide to cash out, the party's over.


  • BSLChrisStoner likes this

#6 RShack

RShack

    Fair-weather ex-diehard

  • Members
  • PipPipPipPipPip
  • 23,000 posts

Posted 21 December 2017 - 12:34 PM

The tulip bulbs of the 21st century. 40% of all bitcoin is owned by about 1,000 people. If a critical mass of them decide to cash out, the party's over.

 

That's like China owning dollars:  the very last thing they want to do is hurt the value of the very thing they own a ton of....

 

For the most part, bubbles don't burst until almost everybody is in...


 "The only change is that baseball has turned Paige from a second-class citizen to a second-class immortal." - Satchel Paige


#7 BSLChrisStoner

BSLChrisStoner

    Owner

  • Administrators
  • 159,591 posts

Posted 22 December 2017 - 10:27 AM

Bloomberg: Bitcoin Tumbles More than 25% as Sharks ‘Beginning to Circle’
https://www.bloomber...-30-from-record

 

Bloomberg: Bitcoin Billionaires May Have Found a Way to Cash Out
https://www.bloomber...way-to-cash-out

 



#8 RShack

RShack

    Fair-weather ex-diehard

  • Members
  • PipPipPipPipPip
  • 23,000 posts

Posted 22 December 2017 - 10:33 AM

It's gonna be a roller coaster.... nature of the beast, at least for a while anyway....


 "The only change is that baseball has turned Paige from a second-class citizen to a second-class immortal." - Satchel Paige


#9 SportsGuy

SportsGuy

    HOF

  • Members
  • PipPipPipPipPip
  • 91,979 posts
  • LocationBaltimore

Posted 22 December 2017 - 11:42 AM

It’s like gold..it’s going to fluctuate a lot.

#10 Mackus

Mackus

    HOF

  • Members
  • PipPipPipPipPip
  • 63,787 posts

Posted 22 December 2017 - 12:43 PM

It’s like gold..it’s going to fluctuate a lot.

 

Gold does not fluctuate a lot.  At least not even remotely close to what Bitcoin has done this year.



#11 Mackus

Mackus

    HOF

  • Members
  • PipPipPipPipPip
  • 63,787 posts

Posted 22 December 2017 - 12:45 PM

Can you guess which is Gold and which is Bitcoin?  :)

 

GoldBitcoin_zpsv34hzzpw.png?t=1513878301



#12 The Epic

The Epic

    ^^ That's my name. Don't wear it out.

  • Members
  • PipPipPipPipPip
  • 7,148 posts
  • LocationGlyndon, MD

Posted 22 December 2017 - 12:53 PM

It normalized, as bitcoin is wont to do. It's not nearly back to where it was, but it's done sinking.

 

Comparing gold to bitcoin, is...no. Just no. 



#13 SportsGuy

SportsGuy

    HOF

  • Members
  • PipPipPipPipPip
  • 91,979 posts
  • LocationBaltimore

Posted 22 December 2017 - 12:55 PM

Gold does not fluctuate a lot. At least not even remotely close to what Bitcoin has done this year.

Gold literally changes every minute.

It may not have these enormous fluctuations but it’s volatile and subject to big moves up or down.

We have seen gold go up and drop several hundred dollars an ounce over the last decade.

Bitcoin is a different animal though.



#14 Pedro Cerrano

Pedro Cerrano

    I Miss McNulty

  • Members
  • PipPipPipPipPip
  • 37,030 posts
  • LocationEllicott City, MD

Posted 22 December 2017 - 01:27 PM

Gold does not fluctuate a lot. At least not even remotely close to what Bitcoin has done this year.


giphy.gif

There is baseball, and occasionally there are other things of note

"Now OPS sucks.  Got it."

"Making his own olive brine is peak Mackus."

"I'm too hungover to watch a loss." - McNulty

@bopper33


#15 Matt_P

Matt_P

    HOF

  • Members
  • PipPipPipPipPip
  • 4,552 posts

Posted 24 December 2017 - 09:50 AM

One of my friends bought four bitcoins in 2010, promptly forgot about them and threw out the device that he had them stored on. He was kicking himself last week. 



#16 Mashed Potatoes

Mashed Potatoes

    Advanced Member

  • Members
  • PipPipPipPip
  • 2,138 posts

Posted 24 December 2017 - 02:17 PM

"Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money"

 

https://www.theonion...craz-1821134169


@DaKittenz

#17 BSLChrisStoner

BSLChrisStoner

    Owner

  • Administrators
  • 159,591 posts

Posted 29 December 2017 - 04:20 PM

The Ringer: “I’m Not Worried About the Price”: A Recent Visit to Silicon Valley’s Unofficial Bitcoin Headquarters



#18 SportsGuy

SportsGuy

    HOF

  • Members
  • PipPipPipPipPip
  • 91,979 posts
  • LocationBaltimore

Posted 29 December 2017 - 05:07 PM

"Bitcoin Plunge Reveals Possible Vulnerabilities In Crazy Imaginary Internet Money"

https://www.theonion...craz-1821134169


Lol..I saw that headline the other day.

The Onion is a National treasure.

#19 BSLChrisStoner

BSLChrisStoner

    Owner

  • Administrators
  • 159,591 posts

Posted 14 January 2018 - 06:31 PM

NY Times: Everyone Is Getting Hilariously Rich and You’re Not
https://www.nytimes....llionaires.html



#20 BSLChrisStoner

BSLChrisStoner

    Owner

  • Administrators
  • 159,591 posts

Posted 18 January 2018 - 04:24 PM

The Economist: The rise and fall of bitcoin
https://www.economis.../tales-crypto-1

 






0 user(s) are reading this topic

0 members, 0 guests, 0 anonymous users


Our Sponsors


 width=