Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Wed Aug 08, 2018

Much like PM's, I see this as an opportunity for people who are still accumulating to make some purchases. *If you feel that it is right for you*
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tigerwoodz
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Re: Bitcoins - fad or trend?

Postby tigerwoodz » Wed Aug 08, 2018

I sold most of my bitcoin in mid november last year, but I still hold onto some that I mined 5 or 6 years ago. I feel like blockchain has huge potential for certain industries(logistics), and I think BTC will continue to hold value, but most people buying it right now are just speculating.

BTC just doesn't have the transactions per second capacity to handle what everyone thinks it is capable of in my opinion. I am thankful to BTC, because getting into the crypto world introduced me to precious metals.

cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Wed Aug 08, 2018

tigerwoodz wrote:BTC just doesn't have the transactions per second capacity to handle what everyone thinks it is capable of in my opinion. I am thankful to BTC, because getting into the crypto world introduced me to precious metals.

Have you listened to any of Andreas Antonopoulos's talks or his videos? He gives some exceptional information about why bitcoin being a "dumb" network (the internet is the same) gives it a better opportunity to be successful. Much like the internet, all of the complexity can be engineered into the end user's device. This is what will make the network so robust and able to change/adapt with future technologies. If the internet did all of the work rather than the user devices, it would have required re-inventing it over and over and over. The internet of 1994 could never have supported what we have today yet it is the same internet as far as data transmission from one place to another. All the internet does is send information from place to place. I could be wrong on this since it was completely from memory.
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tigerwoodz
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Re: Bitcoins - fad or trend?

Postby tigerwoodz » Wed Aug 08, 2018

cmiller17363 wrote:Have you listened to any of Andreas Antonopoulos's talks or his videos? He gives some exceptional information about why bitcoin being a "dumb" network (the internet is the same) gives it a better opportunity to be successful. Much like the internet, all of the complexity can be engineered into the end user's device. This is what will make the network so robust and able to change/adapt with future technologies. If the internet did all of the work rather than the user devices, it would have required re-inventing it over and over and over. The internet of 1994 could never have supported what we have today yet it is the same internet as far as data transmission from one place to another. All the internet does is send information from place to place. I could be wrong on this since it was completely from memory.


I have heard him once before on a podcast, but I haven’t really looked into them. I just made a note about it on my whiteboard and will check him out after work. I’m pretty sure I remember hearing him talking about a book he wrote, so I will probably just go buy that.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Fri Aug 10, 2018

bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?
Last edited by Bucketeer on Mon Aug 13, 2018, edited 1 time in total.
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Re: Bitcoins - fad or trend?

Postby jcz1 » Fri Aug 10, 2018

This chart looks weird:

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It's like there were no transactions between the two times on that straight line. Was BTC trading halted like they had to do with Tesla? ;)

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Aug 13, 2018

Bitcoin being Bitcoin.
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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Mon Aug 13, 2018

Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin

https://www.zerohedge.com/news/2018-08- ... er-bitcoin
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tdtwedt
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Re: Bitcoins - fad or trend?

Postby tdtwedt » Tue Aug 14, 2018

Investor takes out $127,000 loan to buy cryptocurrency, loses 85 per cent

A 32-YEAR-OLD has revealed his eye-watering $3000-a-month “lesson” after making a seriously poor financial decision.


https://www.news.com.au/finance/money/i ... 83f1d8d07b
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cmiller17363
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Re: Bitcoins - fad or trend?

Postby cmiller17363 » Tue Aug 14, 2018

Textbook example of exactly what not to do. People can be so dumb it is terrifying.
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Marchas45
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Re: Bitcoins - fad or trend?

Postby Marchas45 » Tue Aug 14, 2018

Bucketeer wrote:
bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?


Taking a break like I was and recouping, PM's down, Cryptos down maybe the markets next . You gotta love it.
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Brick's
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Re: Bitcoins - fad or trend?

Postby Brick's » Tue Aug 14, 2018

Always keep cash around for when there is blood in the streets. Especially your own.
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Re: Bitcoins - fad or trend?

Postby silverpv » Tue Aug 14, 2018

Brick's wrote:Always keep cash around for when there is blood in the streets. Especially your own.



Agree, down but not out. I’m pretty glad I cashed some out earlier in the year. Doesn’t make me feel so bad now, though it still hurts. Instead , I’m just focusing on continuing to focus on earning and adjusting rev streams. Fortunately , i was able to join the workforce again and continue building and stacking . Trend or fad, it’s just a different stack in the portfolio. Easy come, easy go.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Aug 14, 2018

Marchas45 wrote:
Bucketeer wrote:
bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?


Taking a break like I was and recouping, PM's down, Cryptos down maybe the markets next . You gotta love it.


Still alive! I recently moved back to the States from Italy, and that has required much effort and time. And let's just say the new job isn't nearly as laid back as it was on "Italian time". ;)
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bigjohn
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Re: Bitcoins - fad or trend?

Postby bigjohn » Tue Aug 14, 2018

SilverDoge wrote:
Marchas45 wrote:
Bucketeer wrote:
bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?


Taking a break like I was and recouping, PM's down, Cryptos down maybe the markets next . You gotta love it.


Still alive! I recently moved back to the States from Italy, and that has required much effort and time. And let's just say the new job isn't nearly as laid back as it was on "Italian time". ;)

Welcome back!! Where did you end up?
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Marchas45
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Re: Bitcoins - fad or trend?

Postby Marchas45 » Tue Aug 14, 2018

bigjohn wrote:
SilverDoge wrote:
Marchas45 wrote:
Bucketeer wrote:
bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?


Taking a break like I was and recouping, PM's down, Cryptos down maybe the markets next . You gotta love it.


Still alive! I recently moved back to the States from Italy, and that has required much effort and time. And let's just say the new job isn't nearly as laid back as it was on "Italian time". ;)

Welcome back!! Where did you end up?[/quote

He can't tell you as it's secret. Lol but I guess it's close to Vegas. Lol
Be Prepared Keep Stacking

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Aug 15, 2018

Marchas45 wrote:
bigjohn wrote:
SilverDoge wrote:
Marchas45 wrote:
Bucketeer wrote:
bigjohn wrote:Whatever happened to Long John? I don’t think I’ve seen him in weeks


Where is Long John?

Where is Long John and Silver Doge?


Taking a break like I was and recouping, PM's down, Cryptos down maybe the markets next . You gotta love it.


Still alive! I recently moved back to the States from Italy, and that has required much effort and time. And let's just say the new job isn't nearly as laid back as it was on "Italian time". ;)

Welcome back!! Where did you end up?[/quote

He can't tell you as it's secret. Lol but I guess it's close to Vegas. Lol


Location: Kansas (as per my updated profile)! I wish it were close to Vegas ;)
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Silversaving
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Re: Bitcoins - fad or trend?

Postby Silversaving » Wed Aug 15, 2018

SilverDoge wrote:Location: Kansas

Is it true it's so flat you can you see all of the state from the same spot?
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu Aug 16, 2018

Silversaving wrote:
SilverDoge wrote:Location: Kansas

Is it true it's so flat you can you see all of the state from the same spot?


Not quite so. Actually a lot of rolling hills where I"m at. But the drive is nowhere as scenic as the PNW.
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Marchas45
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Re: Bitcoins - fad or trend?

Postby Marchas45 » Thu Aug 16, 2018

And lots and lots of twisters. Lol
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