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Odinson
LSU Fan
Asgard
Member since Apr 2014
1963 posts

re: Bitcoin - shave and a haircut
Crypto here to stay


Evolve & adapt or be a dinosaur. You sound like my grandma about 12 ys ago who said "that cell phone thingy with text and e mail will never catch on. I'll just use my land phone and put a stamp on an envelope if I want to write them something".

I believe eventually there will be some type of USDcoin in the works.

Hope this thread dies soon so I can bump it in a few yrs
This post was edited on 9/14 at 9:14 pm


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41
southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49973 posts

re: Bitcoin - shave and a haircut
Well, I'll continue to invest my USD in legitimate businesses and you can have the bitcoins to yourself.


I have no doubt that the blockchain technology will be very important to transacting in the future, but it's nowhere near it and any "investing" in "cryptocurrency" is pure speculation.


Bitcoins transaction speed and capacity is a fraction of that of Visa. Then you have things like forks and the like that fracture cryptocurrency. It's just not viable yet.



LSURep864
LSU Fan
Spartanburg,,SC
Member since Nov 2007
6570 posts

re: Bitcoin - shave and a haircut
quote:

Over $500 million worth of bitcoin has already been stolen. Down vote all you want but that is a fact.



This is true, but the problem wasn't Bitcoin. It was a centralized company holding information being hacked. Centralized information is a huge problem right now just ask Equifax.

There wouldn't be an Equifax problem on our hands if they had information stored on a block chain.


rocket31
Toledo Fan
Member since Jan 2008
33478 posts

re: Bitcoin - shave and a haircut
quote:

Well, I'll continue to invest my USD in legitimate businesses and you can have the bitcoins to yourself.






southernelite is too busy making 6% yearly on his ROTH IRA

screw all of us who have earned over 500% in one year alone on BTC

when will we ever learn guys

This post was edited on 9/14 at 9:15 pm


TigerDeBaiter
LSU Fan
Member since Dec 2010
7152 posts

re: Bitcoin - shave and a haircut
quote:

Some companies that accept BTC


You don't think the vast majority of these companies accept it because there are mechanisms in place to immediately convert to USD?

Found this quote on another message board and it perfectly relates to why companies would accept them.

quote:

Basically it is no different than holding slot machine chips from a casino. They are worth something...but if you are still holding them when the casino decides to close their doors, your loss. You can't do a thing with them.


dkreller
LSU Fan
Offshore
Member since Jan 2009
23551 posts

re: Bitcoin - shave and a haircut
quote:

southernelite

I take it back. You don't sound ignorant.

You sound bitter.


The Baker
This is fine.
Member since Dec 2011
12778 posts

re: Bitcoin - shave and a haircut
quote:

You don't think the vast majority of these companies accept it because there are mechanisms in place to immediately convert to USD?
I do.
I imagine they convert 80% of it back to USD..

Now if these companies' suppliers start accepting bitcoin, then they wouldn't need to convert it anymore.



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02
Carson123987
Texas Fan
Middle Court at the Rec
Member since Jul 2011
58480 posts

re: Bitcoin - shave and a haircut
quote:

southernelite is too busy making 6% yearly on his ROTH IRA

screw all of us who have earned over 500% in one year alone on BTC

when will we ever learn guys


omg im dying

Image: https://i.imgur.com/9v68YaU.gif



southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49973 posts

re: Bitcoin - shave and a haircut
I'm not bitter. I hope cryptocurrency makes it. But I'm not naive enough to think that I'm going to get rich off of it.

Going back to the landline example, 10 years from now, bitcoin is a bag phone.


LSUregit
LSU Fan
Member since Dec 2013
1046 posts

re: Bitcoin - shave and a haircut
Which one of you is the Jamie Dimon alter?? If I was big bank I would be shaking in my boots too.


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10
southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49973 posts

re: Bitcoin - shave and a haircut
You all think you're so much smarter than everyone else because you invest in cryptocurrency. Get over yourselves. You're getting taken by the developers of these coins.


dkreller
LSU Fan
Offshore
Member since Jan 2009
23551 posts

re: Bitcoin - shave and a haircut
quote:

You all think you're so much smarter than everyone else because you invest in cryptocurrency.

This is rich

Link?


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10
TigerTatorTots
New Orleans Pelicans Fan
The Safeshore
Member since Jul 2009
74492 posts

re: Bitcoin - shave and a haircut
I was one of those posters bashing Wiki in this type of thread a few years ago when Bitcoin was $500. Now Wiki probably owns his private island. I researched/educated myself on the risk vs potential and decided to jump in


bee Rye
Chicago Cubs Fan
New orleans
Member since Jan 2006
29113 posts

re: Bitcoin - shave and a haircut
quote:

Well, I'll continue to invest my USD in legitimate businesses

I'm sure people said the same things a few decades ago about apple, google and Amazon


The Baker
This is fine.
Member since Dec 2011
12778 posts

re: Bitcoin - shave and a haircut
quote:

You all think you're so much smarter than everyone else because you invest in cryptocurrency. Get over yourselves. You're getting taken by the developers of these coins.
God forbid we defend our position.

All of your arguments are regurgitated every single day by people who haven't spent time researching the technology on their own... I'm not here to tell you no risk is involved, but I'll stand by the concept and it's utility.


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40
dkreller
LSU Fan
Offshore
Member since Jan 2009
23551 posts

re: Bitcoin - shave and a haircut
Why should I buy a computer when I can just drive to the store?


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20
rocket31
Toledo Fan
Member since Jan 2008
33478 posts

re: Bitcoin - shave and a haircut
quote:

I researched/educated myself on the risk vs potential and decided to jump in


plus, if you are really risk adverse, just set a stop loss and save profits


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LSUregit
LSU Fan
Member since Dec 2013
1046 posts

re: Bitcoin - shave and a haircut
quote:

I'm not bitter. I hope cryptocurrency makes it. But I'm not naive enough to think that I'm going to get rich off of it. Going back to the landline example, 10 years from now, bitcoin is a bag phone.



I hope Wiki comes back one day and shoves his lambo and yacht up your grandpa arse. If he had listened to some of you a few yrs ago, he would have not hodled his btc and be flipping burgers with you today.


bee Rye
Chicago Cubs Fan
New orleans
Member since Jan 2006
29113 posts

re: Bitcoin - shave and a haircut
quote:

You don't think the vast majority of these companies accept it because there are mechanisms in place to immediately convert to USD?
overstock used to keep 10% in bitcoin, they found it was foolish and changed their policy




They now keep 50% in bitcoin


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20
southernelite
McNeese State Fan
Dallas
Member since Sep 2009
49973 posts

re: Bitcoin - shave and a haircut
For every Apple, google, amazon, there are hundreds of companies that didn't have those kind of parabolic returns. But you can't compare those to cryptocurrency because cryptocurrency has no earning potential, it's not a stock.



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