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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?

Always love to bounce this kind of stuff off the Planet. Have any of you done any research into Bitcoin, and if you hold any opinions on the concept I'd love to hear what you think.





Last edited by ChiefRocka; 07-16-2017 at 05:12 PM..
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Old 08-15-2018, 08:34 PM   #1621
Fat Elvis Fat Elvis is offline
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Kinda funny how people are talking about crypto like itís dead.

Itís ďdiedĒ like 20 times and came back stronger every time.
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I sold off all of mine, so Iím sure it will skyrocket in a couple weeks
That was a rather sudden change of heart....
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Old 08-16-2018, 06:53 AM   #1622
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Some people are confusing or intermingling the value of bitcoin and blockchain.

Blockchain has great potential-bitcoin not so much as it's too vulnerable to manipulation, too long to cash out, theft, scams and sky high fees.

I believe there is going to be a FIXED value coin using blockchain that will be a "container" vessel just to transfer and store value for a fee, like a prepaid credit card with much less fees.
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Old 08-16-2018, 08:45 AM   #1623
scho63 scho63 is offline
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Wow, Chipotle really made up and far exceeded the damage to their stock done by the food sickening scandal.

I didn't realize it's now over $500 a share! That's amazing. Haven't heard anyone touting it as it went from upper $200's all the way to $525 this week.

I haven't eaten there in a while and I'm overdue. I love their fajita burritos.
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Old 08-25-2018, 07:45 AM   #1624
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The fear of missing out gets a lot of people in investing. People leveraging money into bitcoin reminds me of peak dot.com mania I’ve read about.

https://www.nytimes.com/2018/08/20/t...or-losses.html
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Old 11-14-2018, 08:33 PM   #1625
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One year ago (11/15/2017), BTC closed at $7,853.68. One month later (12/15/2017), it closed at 19,345.49. Today (11/15/2017), it closed at 5,629.99. Very big swings for a currency.


Last edited by DanT; 11-14-2018 at 08:41 PM..
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Old 11-14-2018, 08:42 PM   #1626
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Old 11-14-2018, 09:04 PM   #1627
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Quote:
Originally Posted by DanT View Post
One year ago (11/15/2017), BTC closed at $7,853.68. One month later (12/15/2017), it closed at 19,345.49. Today (11/15/2017), it closed at 5,629.99. Very big swings for a currency.

I've lost an ungodly amount of money from Jan 1st 2017 (or thereabouts when it was $19,700) to now. Just an absurd amount - at least for me. I was gambling on the long game - and I still think it could be there - but I think so many people were artificially propping up the price of bitcoin in the short term for their own gain. Once wall street got invited to the party - all went to shit.

It could have been even worse, too. I used to be invested 100% in Bitcoin - but I spread myself out a little. So many people were telling me to invest even more in alts. Still 85% in bitcoin and 15% alts but the ****ing alts have been DESTROYED even worse than bitcoin. I threw $11,000 on Binance to **** around with alts in January - it's now worth $400. FOUR HUNDRED DOLLARS. And I moved too much to Ethereum and the Ethereum price hasn't maintained as well as bitcoin. I should have just sold it all in January - was quasi rich at one time.

I guess I'll keep holding until it's worth zero
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Old 11-14-2018, 09:20 PM   #1628
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Yeah, the decline during 2018 so far has been very dramatic.

Bitcoin (BTC) opened at 13,444.88 on January 1 and is now around 5,700, a loss of about 4 dollars for every 7.

Ripple (XRP) opened at 2.05 on January 1 and is now down to about 0.46, a loss of about 7 dollars for every 9.
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Old 11-20-2018, 08:30 PM   #1629
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Yeah, the decline during 2018 so far has been very dramatic.

Bitcoin (BTC) opened at 13,444.88 on January 1 and is now around 5,700, a loss of about 4 dollars for every 7.

Ripple (XRP) opened at 2.05 on January 1 and is now down to about 0.46, a loss of about 7 dollars for every 9.
BTC now below $4,500. XRP is around $0.43.
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Old 11-20-2018, 08:38 PM   #1630
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Old 11-20-2018, 09:59 PM   #1631
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Old 11-20-2018, 10:38 PM   #1632
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There's a hard fork happening right now and its BCH is having a hash war with others branching off causing a sudden drop in prices since Nov 15th.

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Old 11-20-2018, 11:29 PM   #1633
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Old 11-20-2018, 11:48 PM   #1634
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Hodl, lol.
Yep - long term. First or last. What can ya do
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Old 11-21-2018, 02:43 AM   #1635
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