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What about Bitcoin... :)

  • #41
  • Jan 22, 2019 3:05am Jan 22, 2019 3:05am
Quoting CannonScout
I wouldn't buy BTC for anything above 1000. Let the buyers wash out before a new round of hype is experienced. Who's that guy who said he would eat his own dick or something if BTC didn't reach a certain amount?
It would be really great; if we get really this kind of buying level; although I’m not sure.
  • #42
  • Jan 29, 2019 7:13am Jan 29, 2019 7:13am
Quoting iamsovereign
Both the usd and bitcoin have the same problem...... both are fiat ........ look it up....... backed by nothing .
there is no tangible asset involved. This is not a legal currency.
What did you say???
Errrrr Bitcoin is FIAT???????????
Did you forget your smart pills

Fiat money is government issued ,unlimited , limitless toilet paper check Zimbabwe , Argentina ....

Bitcoin is limited so.....??

The Bretton Woods system collapsed in what became known as the Nixon Shock. This was a series of economic measures taken by United States President Richard Nixon in 1971, including unilaterally canceling the direct convertibility of the United States dollar to gold. Since then, a system of national fiat monies has been used globally, with freely floating exchange rates between the major currencies and inflation to make any smart man laugh .
Beware of robber banks (RB), bad advisors.
  • #43
  • Jan 29, 2019 7:23am Jan 29, 2019 7:23am
Quoting Not-KPMG
{quote} What did you say??? Errrrr Bitcoin is FIAT??????????? Did you forget your smart pills Fiat money is government issued ,unlimited , limitless toilet paper check Zimbabwe , Argentina .... Bitcoin is limited so.....?? The Bretton Woods system collapsed in what became known as the Nixon Shock. This was a series of economic measures taken by United States President Richard Nixon in 1971, including unilaterally canceling the direct convertibility of the United States...

Thank you for making my point for me ................ both gov issue toilet paper ( as you call it..... thats a good name by the way) Fed NOTES and bitcoin have the same problem--

no tangible asset .......... if you spend some time on monetary theory you would understand this ......

All I am really saying is ..... I might trade the bitcoin but would never invest in it ..... Same goes for the Note by the fed
Now go play in the sand box............
Live today like theres no tomorrow-- Prioritize like you will die today
  • #44
  • Jan 29, 2019 7:41am Jan 29, 2019 7:41am
Quoting iamsovereign
{quote} Thank you for making my point for me ................ both gov issue toilet paper ( as you call it..... thats a good name by the way) Fed NOTES and bitcoin have the same problem-- no tangible asset .......... if you spend some time on monetary theory you would understand this ...... All I am really saying is ..... I might trade the bitcoin but would never invest in it ..... Same goes for the Note by the fed Now go play in the sand box............
Everything I agree with. There's a strange belief that because an item is finite, it somehow has value.

1966 typewriters have a finite number available, and they're not valuable.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #45
  • Jan 29, 2019 7:44am Jan 29, 2019 7:44am
Bitcoin will drop below $1000. Not worth buying for now
Yoobbie
  • #46
  • Jan 29, 2019 11:10am Jan 29, 2019 11:10am
Quoting Shadowluxury
Bitcoin will drop below $1000. Not worth buying for now
Hmmm.
Buy later/ next year?
And hi

Real discussion in my thread if anyone want.

Beware of robber banks (RB), bad advisors.
  • #47
  • Jan 29, 2019 11:15am Jan 29, 2019 11:15am
Quoting iamsovereign
{quote} Thank you for making my point for me ................ both gov issue toilet paper ( as you call it..... thats a good name by the way) Fed NOTES and bitcoin have the same problem-- no tangible asset .............
Oh come on man.

Respect for your opinion!!
We're at least 70% in agreement .

Bitcoin is miles and bounds ahead of Fiat. is all I say. Precious little supply ,being cut summer of 2020.
Soooo....?

Are you commodity only?? Gold etc is also unsupported untangible.....endless ...useless

I'll be gone to MY SANDBOX
Beware of robber banks (RB), bad advisors.
  • #48
  • Jan 29, 2019 12:24pm Jan 29, 2019 12:24pm
Quoting Not-KPMG
{quote} Oh come on man. Respect for your opinion!! We're at least 70% in agreement . Bitcoin is miles and bounds ahead of Fiat. is all I say. Precious little supply ,being cut summer of 2020. Soooo....? Are you commodity only?? Gold etc is also unsupported untangible.....endless ...useless I'll be gone to MY SANDBOX

LOL your the one that started the ignore....... So come on Man to you.............all in good fun.....LOL

Quote- Are you commodity only?? Gold etc is also unsupported untangible.....endless ...useless

This is why I said to go and study monetary theory because the statement above tells me you dont understand...... Gold has intrinsic value on its own. ---Bitcoin and fed notes do not..... they have no backing and no intrinsic value. And gold has a track record of over 2 thousand years of holding value. Think about why a gold eagle (1 troy ounce) today that has a 18xx date on it has a face value of just $20.00----- but I can get about 1300.00 for that same coin right now , today .... thats the devaluation of the ferns-- in your face..... (ferns = fed reserve notes) by the way the fed reserve is as federal as fedx............ its a private co.......................... !!Houston we have a problem!!

will I trade gold -- absolutely.......... will I hold gold for stored protection of worth... Absolutely.... will I trade bitcoin -- maybe
would I ever hold bitcoin ... Absolutely NOT.......................... You could say its a personal choice .. I would say its the only choice to preserve wealth in bad times. It must be good times so I will join you in the sand box.

Regards
Live today like theres no tomorrow-- Prioritize like you will die today
  • #49
  • Edited 10:30pm Jan 30, 2019 4:16am | Edited 10:30pm
Bitcoin will never be covered by any previous payment system, ever!
It's so dead, anyway!

Bitcoin is obviously looking like a Ponzi scheme so far.
Everybody can see the weekly chart!
Pump-and-dump, in a perfect classical manner! The truth about it is written there.
Fighting against this factual evidence is real sick!

If the bitcoin still exists today, it's actually a sign of mental health issue.
A social disease.
Because the crypto idea has also the psychological basis as the visceral hate and deep envy
against the rich, the banks, "the system", "the authority", the government,
...an immature fear and hate of any form of control.

Believers today don't even realise their ridiculous promotional circus sounds more like a negative advertising for the poor bitcoin!
Because it's so obvious their typical frustrated loser's mindset and action!

In this circumstances, a big mouth like this Not-KPMG guy just for a minor example, he's clearly either a payed influencer or a sick person.
For his sake I hope he's just sick.
A hysterical unlucky poor sales man as he sounds like it,
a little clown, a loser, senile, decrepit old guy, preforming a pathetic bad taste show against common sense and factual evidence.
All this behind such a fake genius morgue... otherwise he's a real skillful crook.

Hoarding fortune is the rock solid ground of the human civilisation. Period.
Any alteration of this leads to an infinite multiple hideous forms of "society cancer".
Hoarding is naturally transforming into banking. And banking is the blood of the economy.
Banking system is in the human DNA. We can't remove it without killing the organism.

But if the monetary system and the finances out of ANY authority control - aparentlly a beautiful dream, the sweet candy for stups - that will actually lead sooner or later to a Mad Max primitive jungle world.
An untraceable "open-source" for crooks, drugs and guns (already is)... and small but "fair" revenues for the honest workers of the block-chain-gulag

No hoarding, no aristocrats, no authority, no glamour, no banks, no state ...only factories and cubicle farms for the little honest working rats, very busy but ill educated, in a grey working class sick world led by the oligarchs made of guys with bitcoin mining plants and hackers... justta creepy science-fiction horror!

Yack! That's more like oligarchical communism heaven, Max!!!
(compared to that, Max is a little innocent mad fictional hero)
Member
  • #50
  • Jan 30, 2019 10:33pm Jan 30, 2019 10:33pm
I quite agree with your statement that Bitcoin still exists as a proof of mental disease.

All cryptocurrencies are overpriced and should not be worth more than US$1.

If your broker quotes any cryptocurrency, you can short at current value and take advantage of the inevitable downtrend across board. Hold till December if you can.
when you can accurately predict the future, you leave nothing to chance.
  • #51
  • Jan 30, 2019 10:40pm Jan 30, 2019 10:40pm
Quoting zizoo
I quite agree with your statement that Bitcoin still exists as a proof of mental disease. All cryptocurrencies are overpriced and should not be worth more than US$1. If your broker quotes any cryptocurrency, you can short at current value and take advantage of the inevitable downtrend across board. Hold till December if you can.
Ok, if this thing will ever go up again, I'll trade it, pump-and-dump it ...as many of us here
Because traders are actually speculators ...and we shouldn't miss another beautiful bubble

Good trading idea shorting on the downtrend, anyway
Member
  • #52
  • Jan 30, 2019 11:21pm Jan 30, 2019 11:21pm
Quoting zizoo
I quite agree with your statement that Bitcoin still exists as a proof of mental disease. All cryptocurrencies are overpriced and should not be worth more than US$1. If your broker quotes any cryptocurrency, you can short at current value and take advantage of the inevitable downtrend across board. Hold till December if you can.
Markets are unreasonable. So I disagree with that strategy. Although I do believe it will slowly downtrend till under 1000 for a BTC, hysteria could drop at any moment. Unlimited risk if shorting Crypto.
Humans are naturally hardwired to avoid and detest uncertainty.
  • #53
  • Jan 31, 2019 1:31am Jan 31, 2019 1:31am
Quoting Not-KPMG
{quote} Hmmm. Buy later/ next year? And hi Real discussion in my thread if anyone want.
I am waiting for more falls; based on the weekly chart (support level).
  • #54
  • Jan 31, 2019 2:39am Jan 31, 2019 2:39am
For me, now it's the best time for newbies to enter the crypto market. Crypto will defnitely go up, so why not to start up now?
  • #55
  • Jan 31, 2019 3:47am Jan 31, 2019 3:47am
Quoting CryptoMania
For me, now it's the best time for newbies to enter the crypto market. Crypto will defnitely go up, so why not to start up now?
Fair enough
I mean bubbles woudn't exist without newbies
Member
  • #56
  • Feb 2, 2019 11:25am Feb 2, 2019 11:25am
Quoting CryptoMania
For me, now it's the best time for newbies to enter the crypto market. Crypto will defnitely go up, so why not to start up now?
I agree on principle.


I agree on price range. Weather 3480 or 2000 funky useless dollars it doesn't matter (in long run).

What I'd say is TIME is not quite right.
World is still quiet, prices drop, difficulty is rising.
That forces big miners to sell.

Give it few months ,buy tiny here and there.

Just patience

Quoting NeilWagner
{quote} I am waiting for more falls; based on the weekly chart (support level).
Respect.

As above....


Yes, it's likely to dip another 500, that being lack of regulation.. ..or big players.
And few messed up news - Bitcoin Cr.p or failed exchange

A whole country like Argentina and Venezuela can default, but few bitcoins stolen and END OF DA WORLD

Beware of robber banks (RB), bad advisors.
  • #57
  • Feb 2, 2019 9:09pm Feb 2, 2019 9:09pm
Quoting TudorIoan
I think is alright to believe a top international economist: "99% of crypto land is one shitcoin traded for another shitcoin. And the average shitcoin lost 90% or more of its value in the last year. So Crypto Land is Crap Land, a cesspool of lunatics with severe Freudian scatological obsessions that swim 24/7 in their own stinking shit." - Nouriel Roubini
This "top international economist" sounds like an unhinged teenager
  • #58
  • Feb 3, 2019 1:37am Feb 3, 2019 1:37am
Quoting PaleHorse
{quote} This "top international economist" sounds like an unhinged teenager
Oh, first post on FF, congratz!
That's why you create a (new) account here?! LMAO
To become a pathetic detractor to an international economist?!
Who are you?! ...a nobody! LOL
Member
  • #59
  • Feb 3, 2019 3:43am Feb 3, 2019 3:43am
Quoting iamsovereign
{quote} LOL your the one that started the ignore....... So come on Man to you.............all in good fun.....LOL
....
e the statement above tells me you dont understand...... Gold has intrinsic value on its own. ---Bitcoin and fed notes do not..... they have no backing and no intrinsic value. And gold has a track record of.... a problem!! will I trade gold -- absolutely.......... will I hold gold for stored protection of worth... Absolutely.... will ...ds
Interesting

Fun, trading, humor and respect are my middle names.

I like a good discussion (time permitting)... ...but not here.
Toxic.
Crazy behind corner

Come to my thread to talk intrinsic, integral, ingrained .....?
I'll need simple but LOGICAL explanation

So, what's making ........

....TO BE CONTINUED IN REAL SERIOUS THREAD.....
Beware of robber banks (RB), bad advisors.
  • #60
  • Feb 3, 2019 4:25am Feb 3, 2019 4:25am
Lets be serious....bitcoin is useless.

What do people need ? Bitcoins ? NO

They need to pay their rent and buy food to live. With bitcoin you just cant right now (at least where i live) hence people are not interested in it

Its just a useless coin for the moment. To make bit of money

We will need years and years to make it work

i'd stick to EUR & USD & JPY & other real currencies until bitcoin worth nothing or disappear
COT: The precious data ignored
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