BITCOIN as an alternative to regular currency

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weemac
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I'm gonna create a new currency using gravity. Zero production cost, and when you drop a coin gravity creates another one.
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Naffman
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btfath wrote:
Thu May 13, 2021 5:40 pm
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Tbf though how many people use BTC compared to regular banking? 1% maybe and that's being generous so per capita that looks really bad.
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Realrocknrolla
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Euler wrote:
Wed Nov 27, 2013 6:12 pm
Bit coin break $1000 bubble bubble bubble

http://www.bbc.co.uk/news/technology-25120731
This has aged well. My cousin was involved at $100 and still is to this day.

Way to volatile for me.
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gazuty
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Location: Green land :)

Interview with Cameron and Tyler Winklevoss on Bitcoin, Ethereum, NFTs, Crypto, and More

https://youtu.be/aAqKlKJ3v2o
Zenyatta
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Bitcoin plunging faster than a falling knife, Elon Musk has to dump 1.5 billion soon or lose it all :lol:
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megarain
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Yeah - it maybe Tesla buying that was a serious strategic mistake.

I am also not sure why the SEC isnt involved - Musk can easily be accused of market manipulation - hard to know when he
can legitimately buy/sell without being accused of something.

Hard to keep up, but a poker player I respect has dumped all his ETH and moved it to BTC - thou acknowledging the bull run is likely over.

I have a v small exposure to some alt coins.
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megarain
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Charlie Munger must be happy.

Market forces are quite something to behold when everyone is racing for the exit.
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Euler
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megarain wrote:
Wed May 19, 2021 2:09 pm
Charlie Munger must be happy.

Market forces are quite something to behold when everyone is racing for the exit.
Y, this is always the problem with the greater fool theory. Everybody panics to sell when it's clear it's hit the top.
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Naffman
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I hope Musk has made his money manipulating the market as Tesla is about to bomb with it
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Tuco
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Euler wrote:
Wed May 19, 2021 2:29 pm
Y, this is always the problem with the greater fool theory. Everybody panics to sell when it's clear it's hit the top.
...'correct-a-mundo' https://www.youtube.com/watch?v=QcqmYwEGfaQ

...it's a deflation race back to ZERO as that's what all cryptocurrencies are worth: no more than the next fart captured in your closed fist! (which you can at least throw at someone and enjoy their reaction, so it's intrinsic value is just above ZERO :lol: )

[Back in the '80's during a previous life of mine, in the USA they used to sell a can of 'Farmyard Spray'...and much fun was had with that :lol: ]
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jamesedwards
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Tuco wrote:
Wed May 19, 2021 4:01 pm
Euler wrote:
Wed May 19, 2021 2:29 pm
Y, this is always the problem with the greater fool theory. Everybody panics to sell when it's clear it's hit the top.
...'correct-a-mundo' https://www.youtube.com/watch?v=QcqmYwEGfaQ

...it's a deflation race back to ZERO as that's what all cryptocurrencies are worth: no more than the next fart captured in your closed fist! (which you can at least throw at someone and enjoy their reaction, so it's intrinsic value is just above ZERO :lol: )

[Back in the '80's during a previous life of mine, in the USA they used to sell a can of 'Farmyard Spray'...and much fun was had with that :lol: ]
...and yet casino.com insists on interrogating my bank statements before they will let me deposit £100 :roll:
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Tuco
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Bitcoin falls further as China cracks down on crypto-currencies
https://www.bbc.co.uk/news/business-57169726
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alexmr2
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It's a shame some people are stupid enough to put more than they can afford to lose into a high risk gamble expecting to become rich within a few weeks. It just shows how little money management knowledge the average person has. The only reasonable approach to these markets IMO is to put in around 1% of capital and forget about it for a few years, if that money can't be better used elsewhere.

Blaming Elon Musk for making the price go down reminds me of blaming the horse racing commentators for ruining my trade :lol:
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Tuco
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...as always "stupid is as stupid does" so a wise man once said :lol:
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superfrank
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Tuco wrote:
Thu May 20, 2021 11:22 am
...as always "stupid is as stupid does" so a wise man once said :lol:
Early adopters of crypto were the really smart ones.
People not wedded to the status quo and traditional thinking.
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