Thread: RIP Bitcoin

Originally Posted by Plan B

^ Ed Zachary.

BTC paved the way but it's lost its vision. Better models are already out there that actually solve or improve real-world processes. Some coins I hold I don't expect returns from for 3-5 years or maybe never. That's the reality of emerging technology.

Bitcoin is evolving as it survives many forking attacks and scaling issues.

It remains now and for the foreseeable future a highly secure store of value.
The fact is; it is much more difficult to hack Bitcoin than it is to mine it honestly.
And the government banksters can't rob of your coin like they do with fiat, a very big plus.

Some of the other coins are very good too for different applications.

The whole crypto world is evolving fast and Bitcoin isn't going away. It's getting stronger as it survives.

Originally Posted by Farangrakthai

well those reds days weren't very nice; but, have had mostly green days since i started trading.

up 5% in 24 hours:

Wayyy in front the past couple of weeks on BTC, pure luck, with careful study and research putting me around 15% behind on alts.

Originally Posted by jabir

56% is an excellent monthly return, considering the recent blitz. Keep on trucking!

Amen brother!

And still got a week to go!


Come on 80%!!

Originally Posted by jabir

All profits are somebody else's losses, after considerable exes.

yes very true on share dealing. but i lean to the idea that hysterior is driving cryto . not hysterior so much as greed/gambling. which is why i think it will all end in tiers. it has to have a cieling , which is when the market hits saturation, then its bail time. however i think it has some way to go before worldwide saturation has an effect, so carry on buying. seems to me what u buy is insignificant.its all a mighty hype.

Originally Posted by jabir

Who's he?

Ed Zachary?
Pronunciation tip: say it with a chinese accent.

Originally Posted by Mr Earl

The fact is; it is much more difficult to hack Bitcoin than it is to mine it honestly.
And the government banksters can't rob of your coin like they do with fiat, a very big plus.

here lies your logic flaw, you are confusing the security of the mint with the financial security of a coin

you really need both, or at least financial security dominating if the other one is failing

in the case of bitcoin, it's the other way around, it has absolutely no financial security (CCPs, underlying asset etc...) but has a very strong "mint" security

you see where the problem is now ?

Originally Posted by bsnub

Verge continues to surge. Glad I bought in and then doubled down on it!!

someone very insecure (who also happens to have burnt fingers) will be along soon to tell you that you're lying.

because......well.....because.

XVG is up 86% so far today! Loving it!

yeehaa - XVG!!

Originally Posted by raycarey

someone very insecure (who also happens to have burnt fingers) will be along soon to tell you that you're lying.

because......well.....because.

well, ray: you were laughing when he posted he was buying it:

Originally Posted by raycarey

Originally Posted by bsnub

. I bought Verge (XVG) last night after I was a few beers deep. I wished I waited overnight now. Oh well it is a long hodl for me anyway.

Originally Posted by bsnub

Originally Posted by redhaze

It actually came up ten percent for an hour earlier in the day here as well. Think between around 3-4am Thailand time.

Who knows, maybe it has hit bottom this time...

^ Get on the dance floor and buy now while it is cheap or you will be kicking yourself tomorrow. I am debating selling of some LTC for more TRX and XVG.

Originally Posted by Dragonfly

here lies your logic flaw, you are confusing the security of the mint with the financial security of a coin

you really need both, or at least financial security dominating if the other one is failing

in the case of bitcoin, it's the other way around, it has absolutely no financial security (CCPs, underlying asset etc...) but has a very strong "mint" security

you see where the problem is now ?

The underlying value of Bitcoin is the existence of the globally distributed network, which governments cannot fuck with. This indeed more real than hyper-inflated fiat currency.

Bitcoin meets all the Aristotelian requirements for money.

According to Aristotle, money must have the following properties:

1. Durability
   
2. Portability
   
3. Divisibility
   
4. Intrinsic value

Originally Posted by Mr Earl

The underlying value of Bitcoin is the existence of the globally distributed network

It is not about bitcoin anymore Earl that is what you do not understand. Bitcoin is an old behemoth that will soon be cast aside. The alt coins are the future.

Go drink your piss Earl you are no authority on crypto.

Originally Posted by Mr Earl

Bitcoin meets all the Aristotelian requirements for money.

According to Aristotle, money must have the following properties:

1. Durability
2. Portability
3. Divisibility
4. Intrinsic value

well 2 and 4 no, and 1 remains to be seen, but I would say it fails there too

and how Aristotle fucking relevant in modern age finance

would you buy Gold simply because it has a good electrical property ?

Originally Posted by Dragonfly

well 2 and 4 no, and 1 remains to be seen, but I would say it fails there too

The durability feature; a military grade cryptographic algorithm stored on the global network.

BTW; the Bitcoin network is the most powerful computing network on the planet.

Until some quantum wampum technology appears Bitcoin is extremely secure and durable.

Originally Posted by Plan B

Ed Zachary?
Pronunciation tip: say it with a chinese accent.

nice

Originally Posted by Dragonfly

and how Aristotle fucking relevant in modern age finance

would you buy Gold simply because it has a good electrical property ?

Aristotle like it or not is the foundation of modern logic and human thought.

http://simplyphilosophy.org/study/th...-of-aristotle/

Aristotle is one of the most importantphilosophers and thinkers in history. He was the first to investigate logic. He promoted systematic observation and thought in biology, physics, law, literature and ethics. He was the first to systematically think through and develop a philosophical system that explained everything that the people of his time knew. He was a scientist, an ethicist, a philosopher and literary critic. His science lasted for over 1,500 years without significant challenge. His philosophy, logic and understanding lasted just as long.

And silver is much better for electric techno stuff.. some interesting new shit is coming regarding silver..

Originally Posted by Dragonfly

BRR Jan 18, the exchange route is automatic, so didn't check or don't even know where it trades, it's a CME group product so I assume it's electronic,

did you trade one contract (5 bitcoins)?

Originally Posted by bsnub

It is not about bitcoin anymore Earl that is what you do not understand. Bitcoin is an old behemoth that will soon be cast aside. The alt coins are the future.

Go drink your piss Earl you are no authority on crypto.

Bitcoin is the foundation upon the alt-coins will reside.

Bitcoin was never meant to be used to buy a fucking cup of coffee.

Just because you were a scared little girlie-man and sold your BTC in 2014, does not change the very sound fundamentals.

The alt-coins will serve many purposes which Bitcoin was never meant to do.

Bitcoin is still gonna be the "Gold Standard" of crypto.

Like I already said Bitcoin is also evolving to the environment.

The old paradigm of one coin must rule is not the question to be asked.

Originally Posted by Mr Earl

The durability feature; a military grade cryptographic algorithm stored on the global network.

that's not durability, I think Aristotle meant durability in time or strength

Originally Posted by redhaze

Hey Ray

you have to admit, red:

ray's apparently had fun watching others on this thread actually trade bitcoin:

Originally Posted by raycarey

bitcoin passed $5,000 today.

seems like a bubble to me.

Originally Posted by raycarey

bitcoin is now approaching $8000.

i don't get it at all

Originally Posted by raycarey

$15,000

amazing.

Originally Posted by Mr Earl

Aristotle like it or not is the foundation of modern logic and human thought.

nobody denies the value of Aristotle as a philosopher, but as a bitcoin promoter in modern finance ?

Originally Posted by Dragonfly

nobody denies the value of Aristotle as a philosopher, but as a bitcoin promoter in modern finance ?

i googled "aritstotle's value of money" and a bunch of dodgy crypto advice sites came up.