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re: I hope ya'll got into Bitcoin at $19,000
Posted on 12/22/17 at 11:52 am to Broke
Posted on 12/22/17 at 11:52 am to Broke
This is just a small correction too. The whole bubble is going to pop eventually much like the dot com bubble did.
The blockchain technology is great and will be useful across many applications but the "coins" themselves have no true intrinsic value and there are just too many of them with nothing driving them other than speculators propping them up.
There will be maybe a handful left standing when it all blows up but no one knows which ones that will be just like no one knew Google would win over Dogpile or Altavista.
I say all of this as someone that was one of the first ones on TD to mine bitcoin years ago.
The blockchain technology is great and will be useful across many applications but the "coins" themselves have no true intrinsic value and there are just too many of them with nothing driving them other than speculators propping them up.
There will be maybe a handful left standing when it all blows up but no one knows which ones that will be just like no one knew Google would win over Dogpile or Altavista.
I say all of this as someone that was one of the first ones on TD to mine bitcoin years ago.
3
Posted on 12/22/17 at 11:57 am to stout
quote:
This is just a small correction too. The whole bubble is going to pop eventually much like the dot com bubble did.
The blockchain technology is great and will be useful across many applications but the "coins" themselves have no true intrinsic value and there are just too many of them with nothing driving them other than speculators propping them up.
We've been saying this for years. Make your money and get out while you still can. We've also been very straightforward in saying blockchain technology is the goldmine here.
quote:
I say all of this as someone that was one of the first ones on TD to mine bitcoin years ago.
You've been very pragmatic to your approach. Which is good.
Posted on 12/22/17 at 1:20 pm to stout
Man shut the frick up stout. You and broke are just as annoying as crypto pumpers. We get it, it’s a bubble.
Posted on 12/22/17 at 4:04 pm to stout
Its gambling based on ponzi.
Like commodity wagers in oil or soy there are entities for whom.the market is integral to their biz. Criminals.
Tax evaders.
There no point to it all.
Ponzi gamble.
Like commodity wagers in oil or soy there are entities for whom.the market is integral to their biz. Criminals.
Tax evaders.
There no point to it all.
Ponzi gamble.
This post was edited on 12/22/17 at 4:05 pm
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