Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
jcz1
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Re: Bitcoins - fad or trend?

Postby jcz1 » Sat Jun 16, 2018

cmiller17363 wrote:Btw, you still haven't answered my above question (and I doubt you will) which ties into the question I just asked: "If mining bitcoin is 'wasted power', all energy consumption is wasted power, isn't it?"


I would say that the energy consumption used by hospitals to save lives is not wasted power, to provide just one example. :roll:

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Jun 22, 2018

Gentlemen prefer Engelhard.

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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Fri Jun 22, 2018

Apparently the Mt. Gox custodian can no longer dump btc onto market. They have entered civil rehabilitation and the remaining btc will be paid to creditors in btc.

https://www.coindesk.com/mt-gox-crypto-bitcoin-exchange-creditors-win/
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jun 27, 2018

Gentlemen prefer Engelhard.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jun 27, 2018

Gentlemen prefer Engelhard.

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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Fri Jun 29, 2018

:lol: WAKE UP! :lol:

Nice spike in BTC. Any news? :pop:

Edit: Ah just learned futures expired today so now they run it up? :shifty:

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Jun 30, 2018

ZH: Former Goldman Engineer Wants To Airdrop $300M Into Venezuela With Bitcoin.

https://www.zerohedge.com/news/2018-06-28/former-goldman-engineer-wants-airdrop-300m-venezuela-bitcoin
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Jun 30, 2018

texmex66 wrote::lol: WAKE UP! :lol:

Nice spike in BTC. Any news? :pop:

Edit: Ah just learned futures expired today so now they run it up? :shifty:


Just relax and HODL. 2020 is coming up soon.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Jun 30, 2018

ZH: 2018 Is Shaping Up To Be The Tipping Point For Institutional Embrace Of Bitcoin
https://www.zerohedge.com/news/2018-06-28/malekan-2018-shaping-be-tipping-point-institutional-embrace-bitcoin
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Jun 30, 2018

MarketWatch: Bitcoin’s plunge means one thing: calls for rallies to $25,000 by year-end are fading—fast
https://www.marketwatch.com/story/bitcoins-plunge-means-one-thing-calls-for-rallies-to-25000-by-year-end-are-fadingfast-2018-06-29
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Jul 01, 2018

I found this link quite interesting.... Money flow in the last 24 hours: https://coinlib.io/global-crypto-charts

Money Flow.png
Money Flow.png (378.95 KiB) Viewed 711 times
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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Mon Jul 02, 2018

Cryptos Rip Higher On Back Of Big Short Squeeze

https://www.zerohedge.com/news/2018-07- ... rt-squeeze

:pop:
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Mon Jul 02, 2018

tdtwedt wrote:Cryptos Rip Higher On Back Of Big Short Squeeze

https://www.zerohedge.com/news/2018-07- ... rt-squeeze

:pop:


Hey hey, a tdtwedt post about HIGHER crypto prices :shock:

There is an odd satisfaction that I get when people lose while shorting bitcoin, some might call it Schadenfreude.... even though I've actually shorted it before too. Ah well.
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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Mon Jul 02, 2018

SilverDoge wrote:
tdtwedt wrote:Cryptos Rip Higher On Back Of Big Short Squeeze

https://www.zerohedge.com/news/2018-07- ... rt-squeeze

:pop:


Hey hey, a tdtwedt post about HIGHER crypto prices :shock:

There is an odd satisfaction that I get when people lose while shorting bitcoin, some might call it Schadenfreude.... even though I've actually shorted it before too. Ah well.


I posted so people could read the comments. Very informative. :thumbup:
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jul 03, 2018

+10
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri Jul 06, 2018

The vast majority of people who have heard of bitcoin and/or cryptocurrencies gauge the overall market success based on today's price versus historical price. It is often said, however, that the best developments and technological breakthroughs actually happen in bear markets - where people focus on the tech and not the price speculation.

That said, the new BIS chief has told the world to "stop trying to create money [with cryptos], Isaac Newton failed and you will too." Priceless - https://www.ccn.com/stop-trying-to-create-money-bis-chief-to-cryptocurrency-developers/

Choice quotes:
Earlier this year, for instance, he said that bitcoin is “a bubble, a Ponzi scheme, and an environmental disaster.

Carstens argued that central banks are “trusted” and that, at least right now, there is no viable substitute for their role in the world economy. “I can’t imagine something coming along any time soon that would be more efficient and generate the same level of trust


You can hear the fear in their voices now. Bitcoin used to be ignored, then laughed at, and now the warnings of a bubble, ponzi and an environmental disaster all rolled into one. You'd think central bankers would rather have a third World War than a voluntary digital asset that can be transacted peer to peer with no middle man....???

These reddit comments are hilarious: https://www.reddit.com/r/CryptoCurrency/comments/8wb7qf/stop_trying_to_create_money_bis_chief_carstens_on/
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silverhead
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Re: Bitcoins - fad or trend?

Postby silverhead » Sun Jul 08, 2018

I haven't been looking at these crypto threads in a long time. Today I was forced to use an ATM in an ARCO gas station. They had "2", 1 a regular ATM and a bitcoin machine of some sort. Some younger fellow, my guess early 20's was using it.
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bankmining
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Re: Bitcoins - fad or trend?

Postby bankmining » Sun Jul 08, 2018

silverhead wrote:I haven't been looking at these crypto threads in a long time. Today I was forced to use an ATM in an ARCO gas station. They had "2", 1 a regular ATM and a bitcoin machine of some sort. Some younger fellow, my guess early 20's was using it.


The first one I saw a couple of years ago was also at a gas station - a Chevron in Kirkland, WA. I think it was owned by coinmewallet.com.

Force Majeure
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Re: Bitcoins - fad or trend?

Postby Force Majeure » Tue Jul 10, 2018

I wouldn't classify BitCoin as honest money in the true sense of what that means. Yes it is transparent, but its only intrinsic value is in its utility, and its utility can be circumvented by all the copycats. And although those copycats clearly indicate a trend, not a fad, that doesn't bode very well for BitCoin which will lose all its miners as soon as there are no more free coins to mine. Nor does it bode well for any specific cryptocurrency which will continue to lose market share to a growing number of copycats. Not to mention all the energy it takes to mine that is now causing local power companies to lease out their power to the highest bidder so that people don't move in from out of area to exploit low electricity prices. The days of cheap mining are gone, and unless people are taking profits like they should be, all an investment in BitCoin really amounts to is furthering the cashless society. The youths may not rail against their phones spying on them as they use a fully tracked digital currency on a device that tracks their GPS coordinates and listens in on their conversations, but anybody dumb enough to give away their freedom probably isn't going to earn a good income either. Cryptos will be the currency used by debt slaves once fiat currency gives up the ghost. Precious metals are money. They really have nothing in common other than that they are both functional currencies and neither one is endorsed by the current establishment, but they are making their own copycats very soon.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Jul 10, 2018

SilverDoge wrote:The vast majority of people who have heard of bitcoin and/or cryptocurrencies gauge the overall market success based on today's price versus historical price. It is often said, however, that the best developments and technological breakthroughs actually happen in bear markets - where people focus on the tech and not the price speculation.

That said, the new BIS chief has told the world to "stop trying to create money [with cryptos], Isaac Newton failed and you will too." Priceless - https://www.ccn.com/stop-trying-to-create-money-bis-chief-to-cryptocurrency-developers/

Choice quotes:
Earlier this year, for instance, he said that bitcoin is “a bubble, a Ponzi scheme, and an environmental disaster.

Carstens argued that central banks are “trusted” and that, at least right now, there is no viable substitute for their role in the world economy. “I can’t imagine something coming along any time soon that would be more efficient and generate the same level of trust


You can hear the fear in their voices now. Bitcoin used to be ignored, then laughed at, and now the warnings of a bubble, ponzi and an environmental disaster all rolled into one. You'd think central bankers would rather have a third World War than a voluntary digital asset that can be transacted peer to peer with no middle man....???

These reddit comments are hilarious: https://www.reddit.com/r/CryptoCurrency/comments/8wb7qf/stop_trying_to_create_money_bis_chief_carstens_on/


Good post Doge
Gentlemen prefer Engelhard.


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