patrick.net

I made $40k on Litecoin, got out in January when things were insanely overheated. Taxes will knock that down to $20k. The hype is over, if you're mining or looking for a huge flip your wasting your time.

DASKAA says

It's a BUYING OPPORTUNITY!!!!

Still think so? Are you buying the dip?

What a difference a year makes. It was $17K this time a year ago.




Anyone still holding their BTC, hoping for miracles?

What goes up must wind up fucking you in the ass.

Ceffer says

What goes up must wind up fucking you in the ass.

Wait, is that a Dan reference?

MrMagic says

DASKAA says

It's a BUYING OPPORTUNITY!!!!

Still think so? Are you buying the dip?

No, I'm too dumb to understand the great technology.

For those who don’t know, the blockchain ledger is upheld and propagated by nodes, which are user machines that hold a copy of the current valid Bitcoin blockchain ledger. These nodes all work together to uphold the decentralized blockchain that we’ve come to love. Nodes receive new transactions from users’ wallets, have miners validate them, then receive mined blocks from miners to add to its ledger. The nodes then also immediately propagate these validated blocks out to other nodes across the Bitcoin network.

http://net-informations.com/q/mis/block.html

quincybatten says

For those who don’t know, the blockchain ledger is upheld and propagated by nodes, which are user machines that hold a copy of the current valid Bitcoin blockchain ledger. These nodes all work together to uphold the decentralized blockchain that we’ve come to love. Nodes receive new transactions from users’ wallets, have miners validate them, then receive mined blocks from miners to add to its ledger. The nodes then also immediately propagate these validated blocks out to other nodes across the Bitcoin network.

http://net-informations.com/q/mis/block.html

And this is what makes that shit so fucking slow.

Can anyone tell me what makes a unique string of zeros and ones intrinsically valuable? The only value left in US dollars is the faith and credit of the US government which is 20T in debt.

Bitcoin will go to infinity dollars when dollars go to zero. Until then let the fiat scam continue.

Hugolas_Madurez says

And this is what makes that shit so fucking slow.

Not so fast, I witnessed in real time how 600MD were transferred in 10 minutes.

Onvacation says

Can anyone tell me what makes a unique string of zeros and ones intrinsically valuable? The only value left in US dollars is the faith and credit of the US government which is 20T in debt.

Bitcoin will go to infinity dollars when dollars go to zero. Until then let the fiat scam continue.

Sure, what makes dollars valuable is that the US government demands that taxes be paid in dollars.

Dollars will never go to zero as long as men with guns can show up at your door if you fail to come up with enough dollars to pay your taxes.

There's a good anecdote about how the British had a hard time getting East African herders to obediently work for them until the British demanded that taxes be paid in British currency. The only way to get that was to work for British colonialists. Problem solved.

We are all the slaves of the Federal Reserve.

Sure, what makes dollars valuable is that the US government demands that taxes be paid in dollars.

Plus, government benefits and remits for goods and services are paid in dollars.

0ba4 says

Hugolas_Madurez says

And this is what makes that shit so fucking slow.

Not so fast, I witnessed in real time how 600MD were transferred in 10 minutes.

600 Macedonian Denars in 10 minutes? This is supposed to be impressive somehow?

3-5% of my portfolio will continue to be crypto.

Newbie123 says

That was an epic buying opportunity, no? Well, Yes.... for me :)

Yawn: there's always somebody coming out of the woodwork after shit goes up to claim he "loaded up" when the shit was down.

Eric Holder says

Newbie123 says

That was an epic buying opportunity, no? Well, Yes.... for me :)

Yawn: there's always somebody coming out of the woodwork after shit goes up to claim he "loaded up" when the shit was down.

Yup. And I'm sure he didn't buy any when it was $15k or higher either.... just non-stop great picks... never loses.

What I never get with the coin pumpers is, just show us your account or transactions you've made to show your track record. I thought one of the pros of bitcoin and others was the "safety" and "security" of it. There should be no way anyone could take it if you show us the account. I mean, I've never, ever heard of crypto coins ever being stolen...

spam

Newbie123 says

Big Daddy and the Alt's go parabolic.

Onvacation says

Can anyone tell me what makes a unique string of zeros and ones intrinsically valuable?

Anyone think it's going parabolic again? With BTC back at $8700, it could be ramping up to run again... or dump. Temping to buy a couple coins.

joshuatrio says

Anyone think it's going parabolic again? With BTC back at $8700, it could be ramping up to run again... or dump. Temping to buy a couple coins.

I don't claim to know it at all. And I'm cool with people that can make money off of it. If you can do it. There's not one person though that can give you actual advice that seriously knows what they're talking about. Play with fun money, but anyone telling you it's gonna do this or that is just throwing darts, blindfolded, trying to hit a dime from 30' away after spinning for 5 minutes.

Newbie123 says

Hell yes its going parabolic

Can you tell me why a string of zeros and ones has any intrinsic value?

Newbie123 says

...mainstream will buy in when big daddy hits 10k. CNBC and Co. will cover it non stop.

... and then it will crash again, the sheep will be fleeced again, rinse, repeat....

Newbie123 says

Eric Holder says

Newbie123 says

...mainstream will buy in when big daddy hits 10k. CNBC and Co. will cover it non stop.

... and then it will crash again, the sheep will be fleeced again, rinse, repeat....

crash....a retracement..... a correction....a buying opportunity! even if you would have bought at the last peak (19.9k) it will look cheap when Big Daddy reaches a 100k.

For anyone paying attention, we haven't been above 10k in Bitcoin for a while. I'm probably gonna wait and see if it breaks through 10k to buy into a trend, may wait till it sets a new high.

As an investment, my sources tell me ripple (sp?) is the way to go, w all the instant currency exchange infrastructure they are building.

Newbie123 says

Why dont you ask google for the intrinsic value of BTC?

All it has is the extrinsic value of a software constrained supply and "greater fool" demand.

Blockchain has uses but bitcoin is a fools game. There will be winners, but a lot more losers.

Newbie123 says

You let us make a killing

Sure. You go right ahead, buddy.

Newbie123 says

How about this: You let us make a killing with Bitcoin and we let you make up excuses not to buy the best performing asset in 2019, deal?

There are better performing options out their chief. You've got Bitcoin blindness going on. ANYONE, ANYTIME can make up a crypto currency. I could create ASSMONEY tomorrow and rip everyone off and it will all be stored on my digital wallet/spreadsheet. You have to understand you're being played by people that are substantially smarter than you.

Newbie123 says

Bitcoin is barely in the first inning. This bull cycle will be epic.

Do you consider bitcoin an asset or a currency?

Newbie123 says

In 2019 bitcoin has been the best performing asset class. You said there are better ones out there. Any backup? .... Thought so.

What are you talking about? Are you investing or trading? From the start of 2018 until now I could find thousands of stocks that outperformed your precious bitty. Are you being serious?

If you're talking short term, you're trading it and it's not an investment. You claim it's going to 50k with no supporting evidence. You do understand why everyone here would think you're just a pump and dumper, right?

While the politics here can go sideways, there's actually some smart people here that have made good picks and have given reasons why. You can say 50k as much as you want, doesn't mean it will happen. I do wish you luck, just know you're "investing" in Big Foot.

Newbie123 says

That’s what I thought. Because there isn’t a better performing asset class in 2019 than bitcoin:

https://www.google.com/amp/amp.coincodex.com/article/3641/bitcoin-is-the-best-performing-asset-class-of-2019/

Cool. Seems like a neutral source that would totally investigate all other asset classes. I'm sure they don't get any revenue from the fact bitcoin exists. Is this a fucking joke?

In my opinion it is a giant pyramid scheme that shouldn't be legal. Will not touch any made up currency backed by nothing. Even Warren Buffet stated that it's worth nothing due to no backing.

I never expected this thing to balloon, I don't know why it has ballooned to whatever it did. But I am 100%, in my own mind, confident that it will eventually crash and god help those who are holding the empty bag.

FortWayneIndiana says

In my opinion it is a giant pyramid scheme that shouldn't be legal. Will not touch any made up currency backed by nothing. Even Warren Buffet stated that it's worth nothing due to no backing.

I never expected this thing to balloon, I don't know why it has ballooned to whatever it did. But I am 100%, in my own mind, confident that it will eventually crash and god help those who are holding the empty bag.

Look at the chart: it already followed a classic bubble pattern to a t TWICE.

Newbie123 says

What would you do if it hits 100k per coin?

Shrug my shoulders and marvel at human stupidity.

Not care at all, or pity that idiot who put in 100k so that someone else could take it.

Newbie123 says

What would you do if it hits 100k per coin?

FortWayneIndiana says

pity that idiot who put in 100k

Bitcoin, like every ponzi scheme, requires ever greater fools to buy in so that the early adopters may profit.

Bitcoin is backed by nothing. There is no thing that you could hold in your hands. It is not an asset and it is a poor currency. It is virtually nothing but zeros and ones held on multiple storage devices.
Blockchain does have uses but "big daddy" bitcoin is nothing but a speculative gamble as the smarter players of btc on this forum have readily admitted.

Are there any other programmers on here that thinks bitcoin is an asset or a useful currency? Because that is what it is advertised as.

No one has answered the question:
Onvacation says

Can you tell me why a string of zeros and ones has any intrinsic value?

Onvacation says

Bitcoin, like every ponzi scheme, requires ever greater fools to buy in so that the early adopters may profit.

Hence all this FOMO-stoking droning of all the fanboi starting once the memory of the last crash is somewhat faded and the shit perks up a bit again.

Newbie123 says

You said there are others that performed better. We are still waiting. :)

You understand real estate is an asset class, right? There's probably 20,000 investors in California (and 100k country wide) that have flipped homes they bought in December of 2018 and are just closing now that have made 3-5x their money. Again, is this a joke? Bitcoin is far, far away from being the best performing asset class in 2019. This for sure is a bit at this point.

Newbie123 says

Yep, RE is included on the graph/comparison.

Comparison-shmaparison.... SHOW US YOUR FUCKING BITCOIN TRADES!

Newbie123 says

I knew you had to make something up and wouldn’t provide any backup/link.

Have fun with the bit. And yes there are probably easily 100,000 people worldwide, since the start of the year that have made 3-5x on a flip. I don't promote flipping, but you're naive to think bitcoin is doing better than other assets on a per capita basis. There are not 100k people that have had 3-5x return since the start of the year and if they bought at the beginning of 2018 they're broke likely. Unlike you I don't trust realtor.com for my real estate news like you do with your crypto crap.

And for fucks sake, Apple or Google could mine the rest of bitcoin in two weeks if they really wanted with their infrastructure. It would be more profitable than what they're doing now if it's going to 50k. Why has no big company done this? They're not stupid, that's why.

From the other thread, just show us any sale you've made with bitcoin. You certainly have sold some or at least made a transaction with it to show us you actually hold bitcoin.

Jesus. I'm done. For now...

WookieMan says

And for fucks sake, Apple or Google could mine the rest of bitcoin in two weeks if they really wanted with their infrastructure.

Why can't I access by favorite cat video Youtuber? The algorithm has determined that bitcoin mining is now more profitable than a MeowMix ad. Wait a minute... okay, we now return to our regularly scheduled programming.

Newbie123 says

Nice

https://www.coindesk.com/reuters-bloomberg-and-tradingview-to-add-new-cryptocurrency-index

Reuters and Bloomberg are adding a crypto index. Main stream media is adopting crypto more and more.

Quoting an index takes little effort, and exactly zero risk.

When legit exchanges list crypto futures, then we've made it