Thread: RIP Bitcoin

Originally Posted by baldrick

it sounds like a broker , not an exchange - and brokers have a risk of going broke - never leave your crypto in their wallets



so obviously your skill at comphension explains why you still have no understanding

if you can be tied to a single wallet address then any transactions with that wallet are irrevocably tied to your ID



a shit load of forks are looming - it will freak the possums when they realise and they wet themselves

you may have noticed the other alts are losing , this will be until BTC dives and then the bots will bolt to the alts and the BTC HODL'rs will be consoling themselves with nam daeng



BTC has stopped being used for money , thus will not win - the full PoW issue it has ultimately means it has become centralized - the segwit deals have shown this

My take is BTC even just as a store of value will stay strong and remain the gold standard of all the crypto,
There still being plenty of room for the alt-coins to pick up the small day to day transactions.

Seems doubtful the segwit will fly in it's current state.

BCH strikes me as a scam, and the cancelled forking of a few weeks ago seem to show the ability for bitcoin to grow despite these fork attacks.

I'm going to hodl. And got some of the alts for spending.

I think John McAfee's prediction of 1M for BTC could prove correct, becuase there is much more to it than just the current players trading back and forth between BTC and ETH or whatever.

Certainly is an interesting ride

Originally Posted by Mr Earl

Certainly is an interesting ride

Sure is.

Jumping around between 18,500 and 19,500 usd at the moment.

Just about cleared 100% ROI in 9 days.

CME Group is listing a bitcoin future for next week, could be interesting, another exchange follow

the index will track the different bitcoin exchanges,

with the poor transparency issue, this could get really interesting

I suspect the SEC is waiting for this index and build a case against bitcoins

^Yep it will interesting, but likely wont fly, because the whole idea of the commodities exchange defeats the fundamental notion of Bitcoin and being your own banker.

before it's recent pullback to 16k, bitcoin had a market value of $270 billion. if it were a company, it would be one of the 20 largest in the S&P 500.

15,200

bitcoin seems to be prone to manipulation,

when it implodes back to $1, and a few people are ruined (mostly small traders, hackers and other criminals)

it will be fully regulated to stop this from happening again,

Bitcoin owners == OWNED

Short of turning off the internet, the dollar/euro kleptocracies cannot control bitcoin.

Kleptocratic oligarchy==owned by Bitcoin

$16,724...

Originally Posted by Luigi

Sure is.

Jumping around between 18,500 and 19,500 usd at the moment.

Just about cleared 100% ROI in 9 days.

How are you going to spend the profits?

Perhaps consider some flowers for your wife. I've got a nice range of tulips on offer.

It still hasn't reached the heights of Dutch tulips yet. I think they reached 60X whereas yesterday Bitcoin had only reached 40X.

Earl : get out now.

Don't be greedy and try to get as much profit as you can, like everyone else. I know it's hard, but do it.

^
Like mentioned before, all the old analogy and metaphor don't work here with Bitcoin.

Bitcoin and crypto are here to stay.

The bubble, ponzi whatever are the unsecured fiat like the USD and Euro.

Get out of them while you can!

Nice little dip. Great time to buy more.

Originally Posted by YourDaddy

So, I am checking the BTC price since this morning on preev. This is literally going up over 50 bucks an hour.

I am having breakfast, 12100, I am finishing my Subway sandwich 12280, I am at the massage place 12380, I am in the taxi home 12500

I am missing out on extreme gains as this scam is going to the moon, so I decide to open an account with bitfinex..... but to transfer money you need to be verified which can take 20 days according to them.

Are they fucking nuts??? That's thousands of dollars worth of gains!

Anyhoo, I still decide to proceed with verification when every second page I get this





Seriously.... is this a serious platform or a MicKeY MouSe business? Who in their right mind would give money to these jokers?

I tried a couple of traders recommended here (bx/coins), so many hoops to jump through you wouldn't believe, then they said up to 24 hours just to verify some data at which point I called my nephew in the civilised world and ordered two BTC which went through within minutes.

Now safely on the Luigi bandwagon and looking at a couple of other similarly foolish investments; thanks, Dragon, you made me a believer.

Originally Posted by jabir

so many hoops to jump through you wouldn't believe, then they said up to 24 hours just to verify some data

After saying that, the longest anything took was about 10 minutes, once. All the other times probably less than 5.


Exodus wallet set up. Time to transfer to this and buy some more.

BTC; $18,053 and 302 billion market cap

Many problems are showing up as transaction backlogs grow and transfer fees go up.

What people are doing to get around this is to have your BTC in a wallet like Exodus which is linked to an exchange, trade BTC for ETH or LTC and send them for needed transactions.
Most people like myself are just doing the hodl, with their BTC locked away in a hardwallet.

Can someone (who doesn't drink their own piss) explain how this exponential rise in value is pegged to something more solid than a speculative bubble.

Because it sure as fuck looks like a speculative bubble, and the problem with speculative bubbles is they burst.

^Perhaps you should listen to the Bitcoin Jesus

Does he drink his own piss?

Originally Posted by AntRobertson

Does he drink his own piss?

The original Jesus of Nazareth did.

From a 2013 perspective

the problem with bitcoin is it is not yet mature tech and lacks the ability to fork without leaving other competing chains in its wake - this will be its achillies heel always

I am waiting for Earl to clone the github and fork bitcoin urine BUR -

Upcoming Bitcoin Forks 2017 - 2018 - CryptoCurrency Facts

1 Bitcoin = 1136803.08 INR

Originally Posted by Luigi

After saying that, the longest anything took was about 10 minutes, once. All the other times probably less than 5.


Exodus wallet set up. Time to transfer to this and buy some more.

I have no wallet, nephew taking care of my end, might cancel my accounts with bx and coins that were recommended here and leave it at that.

Bonus is free meals and drinks and other benefits for life after talking mates into holding their btc when they intended to cash out at 10k.

Originally Posted by YourDaddy

How are you going to spend the profits?

Topping up to 1m baht this month and leaving it at that.

Will pull at either 10 mil or 650k. Whichever comes first.


Come on Bitty-Baby, Lulu wants a little beachside holiday condo.