Bitcoin Breaks the $11000 Mark

Discussion in 'Lounge' started by uhub, Nov 29, 2017.

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  1. uhub

    uhub Kapellmeister

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    What's your thought about Bitcoin and its $11000 price per btc ???
     
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  3. Bandit

    Bandit Producer

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    It behaves like a classic bubble... I am wondering if and when it will burst.
     
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  4. Olymoon

    Olymoon MODERATOR Staff Member

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    And it's very targeted by authorities ...
     
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  5. mrpsanter

    mrpsanter Audiosexual

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    The biggest and lethal mistake would be to buy some bitcoin now.
     
  6. twoheart

    twoheart Audiosexual

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    It's a fine example for excessive greed.
    Many people will lose all their money and than they will complain.
    It's so forseeable. :guru:
     
    Last edited: Nov 29, 2017
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  7. WolwerineBlues

    WolwerineBlues Platinum Record

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    Never trusted the bitcoin and i will never do!
     
  8. ArticStorm

    ArticStorm Audiosexual

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    ok then i will only loose 1$ roughly :rofl:
     
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  9. SAiNT

    SAiNT Creator Staff Member phonometrograph

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    bitcoin is the future and the best thing that happened to this world for a very long time.
     
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  10. faunus

    faunus Ultrasonic

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    bitcoin is like torrents , who can stop torrents can stop bitcoin !
    i think bitcoin its too late to invest now ! any alternatives ?
    iota and ripple seem good
     
    Last edited: Nov 29, 2017
  11. Magic Mango

    Magic Mango Producer

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    It surpasses banks and governments and blocking it would require blocking the internet.
    It's already possible to pay taxes with bits in Switzerland. And hopefully soon enough the TenX thing will allow to pay in bits by card.
     
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  12. jayxflash

    jayxflash Guest

    Blockchain technology is not (only) bitcoin. Bitcoin is just an "app" running on top of blockchain. Would be nice if, for starters, people will stop confusing bitcoin and blockchain.
     
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  13. saltwater

    saltwater Guest

    why is this a bubble? its not
     
  14. SynthAnon

    SynthAnon Member

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    Lol. Who even referenced blockchains? :rofl:
     
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  15. virusg

    virusg Rock Star

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    Blockchain technology will be adapted by the banks in the near future
     
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  16. twoheart

    twoheart Audiosexual

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    Allmost all people knowing about or having to do with money/currency/stock makets in any form say, it's a bubble.

    If you are sure, it's not a bubble, just get rich quick: Sell what you own, go for a loan, buy as much bitcoins as you can and be rich in two years. :bleh:

    I've seen all this end of the 19nineties with the dot.com bubble. It's quite the same, just even less substance.

    I don't say crypto currencies are bad, but the point in time to buy them NOW is for idiots.
    Currencies are neither bad nor good. They are just as worthy as the belief of people in it. And this belief in Bitcoin will deminish suddenly in a few months (maybe six), when the masses of dullards get scared and try to exit.
    After that, some people will be rich, but a mass of people will lose all they have.
     
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  17. SynthAnon

    SynthAnon Member

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    You don't get rich investing in a currency with a 170 billion dollar market cap...... There are plenty of coins to invest in now that will skyrocket in 2018.
     
  18. twoheart

    twoheart Audiosexual

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    They don't need to block the internet.
    If the nations decide to end Bitcoin they just need to declare them illegal and make using them a felony.

    This has been the case with Gold in the US:
    Executive Order 6102 issued by Franklin D. Roosevelt in 1933 during the Great Depression requiring citizens to surrender their gold for which they were reimbursed. The posession was a felony afterwards.
    Read about it on Wikipedia.
    And this can happen to Bitcoin as well.
     
  19. twoheart

    twoheart Audiosexual

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    Just do it :)
    Topic is Bitcoin only btw.
     
  20. jayxflash

    jayxflash Guest

    Are you for real? Blockchain is a distributed decentralized database protocol. It can store coins, identities, or general data. The simple fact that it was developed for bitcoin is not making it exclusive.
     
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