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re: I hope ya'll got into Bitcoin at $19,000
Posted on 12/22/17 at 2:48 pm to rocket31
Posted on 12/22/17 at 2:48 pm to rocket31
quote:
I don't see how any of you can even claim that remotely especially when you have all admitted to not even understand it
But whatever
I understand it to a degree. I understand the smart contracts. I can't keep up with all of the damn ICOs, but I follow it more than the average person.
My question still remains - what separates Bitcoin? The only redeeming quality is that it was first, no? The technology of the blockchain has been improved by successors, so why should I own BTC?
And to clarify, you can be right about something being ultimately worthless and still miss out on the speculative run.
2
Posted on 12/22/17 at 2:49 pm to slackster
quote:originally. it has evolved to being just a store of value though. when the dust settles, bitcoin will be worthless IMO, but other cryptos will be extremely valuable, especially those which will have staking rights
What is Bitcoin's niche? Currency only, right?
Posted on 12/22/17 at 2:49 pm to rocket31
quote:
don't see how any of you can even claim that remotely especially when you have all admitted to not even understand it
I won’t say I understand it 100%, but I know enough to say blockchain is the real value, not the BTC
This post was edited on 12/22/17 at 2:50 pm
Posted on 12/22/17 at 2:50 pm to slackster
quote:to buy other cryptos, and to hedge yourself against those in the short term
so why should I own BTC?
Posted on 12/22/17 at 2:50 pm to tduecen
quote:
Thread reeks of people who mocked it early, went into hiding late, and now feeling they won....
I never really went away - bitcoin threads did for a while on the Money Talk though. I wish I had some, no doubt about it, but I've yet to be convinced that Bitcoin specifically is the future.
Posted on 12/22/17 at 2:50 pm to tduecen
quote:
Thread reeks of people who mocked it early, went into hiding late, and now feeling they won....
Reminds of the rant in a way
Been in here since 2013. Wiki is the one who left for 4 years
Posted on 12/22/17 at 2:51 pm to Thib-a-doe Tiger
quote:eventually, you are probably right, but not now. Bitcoin will serve its purpose until it isn't needed anymore
but I know enough to say blockchain is the real value, not the BTC
Posted on 12/22/17 at 2:52 pm to slackster
quote:It may not be the future but it is a start, which will lead to other crypto's that offer more value. Hence, owning BTC means being able to buy those cryto's. Especially since many are not available via USD
I wish I had some, no doubt about it, but I've yet to be convinced that Bitcoin specifically is the future.
Posted on 12/22/17 at 2:53 pm to slackster
I've basically been making fun of the Bitcoin nerds since like 2010 and now that it's dropping it looks like I was right all along
Posted on 12/22/17 at 2:54 pm to slackster
quote:
Of course, but why should I believe multiple blockchains are necessary? More importantly, why would it be one of the current ones?
different benefits from each. look up FUN. look up BAT. read the whitepapers and see what the developers envision.
quote:
More importantly, why would it be one of the current ones?
it may not be. Bitcoin enjoyed significant first mover advantage, but I am supremely confident that Ethereum will overtake BTC in the coming years. look up the infinite ways ETH's tech can be used.
Posted on 12/22/17 at 2:54 pm to tduecen
the end of bitcoin will be because of the absolute game changing success of one of its successors. Once USD can be swapped instantly for all cryptos, it will start to fade away.
ETA: if its the combo of ETH and OMG I am buying an island
ETA: if its the combo of ETH and OMG I am buying an island
This post was edited on 12/22/17 at 2:56 pm
Posted on 12/22/17 at 3:05 pm to bee Rye
USD will always be around because there’s always a need, even for the government, when it comes to untraceable cash.
Posted on 12/22/17 at 3:14 pm to bee Rye
quote:
Medical records would become unalterable. Blockchain will provide transparency and security in industries where both are sorely needed
Plenty of industries.
Maritime shipping is going big into blockchain.
The industry that supplies broke, russian, etc with 90% of their belongings is using it going forward. But yea
Posted on 12/22/17 at 3:16 pm to bee Rye
quote:
the point is decentralization
Which is great for Venezuela and/or criminal enterprises but makes no sense for 1st world use considering the historic volatility
Posted on 12/22/17 at 3:27 pm to slackster
It'll be interesting to see how this market looks in 6 months, a lot of projects are finally about to become more than vaporware.
i too also agree with the general sentiment that the top 5 currency coins don't necessarily do anything but move money around .. the future value is definitely in coins that aim to solve a problem
Privacy coins will also be big in 2018
i too also agree with the general sentiment that the top 5 currency coins don't necessarily do anything but move money around .. the future value is definitely in coins that aim to solve a problem
Privacy coins will also be big in 2018
Posted on 12/22/17 at 3:37 pm to rocket31
quote:
i too also agree with the general sentiment that the top 5 currency coins don't necessarily do anything but move money around .. the future value is definitely in coins that aim to solve a problem
Let's say this happens and Btc goes away, is Broke really wrong?
Posted on 12/22/17 at 3:45 pm to slackster
Posted on 12/22/17 at 3:49 pm to slackster
It's a digital asset so it won't go away
Posted on 12/22/17 at 3:51 pm to Broke
quote:
a little fluctuation never killed anyone right?
I'm up 418% in the last 9 days over my initial investment.
How?
Playing the smaller coins against bitcoin fluctuation.
If the .01% chance thing actually happens and it continues at this rate, I will quit my job at the end of february.
Permanently.
The new crop of "investors" who are solely influenced by price has been a boone for those of us willing to buy and sell before reaching the valleys and peaks.
Posted on 12/22/17 at 3:52 pm to Broke
That. Plus the space has a $600 billion market cap because of Bitcoin tech
I mean c'mon
I mean c'mon
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