Bitcoin billionaires
- Thread starter Smallcock
- Start date
More like you should have bought bitcoin a few hours ago when it was at 14k. Now it’s 18k. It will bounce back, it’s just very volatile. Still worth buying now imo. Just trying to get more funds into the exchange...
If you have coins now. Don’t freak out. Hold them.
No it won't. Bitcoin is a classic case of Tulip Fever.
The only reason it stabilized, The Luxembourg Money Exchange stepped in. They were the only buyers. Get out while you can.
Bitcoin is not going anywhere soon. Its got too much of a head start on the other Altcoins. Most merchants only know how to accept Bitcoin, not too many people understand or know about the other available crypto currencies.
I know this might be a little off topic, but did you know that Garden of Eden Ladies now accepts Bitcoins and also other "Alt"coins like Ethereum? Message me for more details.
Thanks
Nicole King
I know this might be a little off topic, but did you know that Garden of Eden Ladies now accepts Bitcoins and also other "Alt"coins like Ethereum? Message me for more details.
Thanks
Nicole King
I think the Bitcoin thing is virtual and not real money. Its perception of "virtual values" go up and down perhaps by manipulation of the Bitcoin's creators / manipulators. It plays on the psychology of people's greeds. Once there is no more feeds (moneys) being fed into the pools with drainage, it will collapse and hurt many people financially.
Get out of it before you will get hurt again.
Get out of it before you will get hurt again.
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People are literally losing there shit over this
A lot of people are going to lose a lot of money trading (bag holders). If they haven't already. You have companies announcing there gong to get into bitcoin / blockchain and the stock goes up 200% - 300% then crashes. Leaving all the bag holders hoping it'll go back up. I see it all the time in the markets NETE is a great example of that
For this digital currency to have any viability it's got to be a hell of a lot more stable. Imagine you're a store owner and you sold a TV for bitcoins. The next day that currency goes down lot. In effect he's lost money now. The currency has to marinate for a couple years imo.
Then you have Quantum computers just around the corner. It wouldn't take much for a quantum computer to decrypted a 128 bit encryption level. It would try every single combination at once given you had enough cubits. DWAVE currently has a 1000 cubit Quantum computer. The level of data you can go through is astronomical. Something that would take a conventional computers years to do, it would only take a quantum computer seconds. Digital currencies have lot of obstacles. Personally I'll stick to what work, the almighty dollar.
That's my 2 pennies
A lot of people are going to lose a lot of money trading (bag holders). If they haven't already. You have companies announcing there gong to get into bitcoin / blockchain and the stock goes up 200% - 300% then crashes. Leaving all the bag holders hoping it'll go back up. I see it all the time in the markets NETE is a great example of that
For this digital currency to have any viability it's got to be a hell of a lot more stable. Imagine you're a store owner and you sold a TV for bitcoins. The next day that currency goes down lot. In effect he's lost money now. The currency has to marinate for a couple years imo.
Then you have Quantum computers just around the corner. It wouldn't take much for a quantum computer to decrypted a 128 bit encryption level. It would try every single combination at once given you had enough cubits. DWAVE currently has a 1000 cubit Quantum computer. The level of data you can go through is astronomical. Something that would take a conventional computers years to do, it would only take a quantum computer seconds. Digital currencies have lot of obstacles. Personally I'll stick to what work, the almighty dollar.
That's my 2 pennies
Eventually Blockchain currencies will be the future but not yet.
https://www.economist.com/blogs/graphicdetail/2018/01/daily-chart-14
https://www.economist.com/blogs/graphicdetail/2018/01/daily-chart-14
https://ca.finance.yahoo.com/news/apos-energy-hunters-apos-bitcoin-150005337.html
Bitcoin mining takes a lot of electricity.
Ontario Hydro produces too much electricity for nighttime consumption and sells it at a loss to the US.
Duh?
Bitcoin mining takes a lot of electricity.
Ontario Hydro produces too much electricity for nighttime consumption and sells it at a loss to the US.
Duh?
It's times like this when people panic and sell at a loss. Only two things should happen: 1) Hold or 2) Wait for it to crash and buy more.
That logic served me well during the recession. But Bitcoin is a little different.
Bitcoin is now down 68% from it's peak in mid-December. But I think people forget that Bitcoin already had a major crash. It was 93% down over a 2-month period in, eerily enough, the same 2-mo stretch (December - February), but back in 2013/14.
The important thing to note about Bitcoin is that it will always have its uses. That said, governments can severely hurt Bitcoin with regulation, and they have a reason to do so. That is why I don't hold Bitcoin. Though I do congratulate those who have made a killing on it!
Some believe that's what will spark the next financial crisis. If the US housing market doesn't crash again like in the movie the Big Short.
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