Bitcoin-based online gambling

Vegas Dave

Not a Real GameLiver
Since
Jan 28, 2010
Messages
2,508
Yeah BTC and ETH seem like clear buys at these prices, but who the fuck knows. It's all ponzi scheme imaginary money bullshit. To date though, every big BTC dip has been followed by a huge surge, so I'm sure the pump will start soon enough.
 

reno cool

Fuck You Mocha Joe
Since
Jan 29, 2010
Messages
20,500
:dunno:
maafuckers saying bitcoin is the shit. The only way out from the oppressive cocksucker power structure that rules our lives and becoming more repressive by the day. Interesting when the guy talks about how traditional money isn't easy to access in many parts of the world and bitcoin is being used :thinking: ...so maybe not just a ponzi scheme
 

Vegas Dave

Not a Real GameLiver
Since
Jan 28, 2010
Messages
2,508
BTC doesn't have a remote chance of becoming a legitimate form of currency until it solves its massive volatility issues and transaction fees.

What will paychecks and bank accounts look like in a world where your currency just randomly swings 10, 20, 40% in a month? Might not matter to the rich folks holding long term, but will matter an awful lot to people supposedly using it as "real money"

LOL at ease of access. Digital wallets, accounts, etc. GL if electricity goes out or you forget your password or whatever else.

There are definitely interesting and legitimate applications to the technology. But as long as whales and corporations keep using it as a pump and dump / store of value / investment opportunity etc etc it can not and will not be a real currency. And a plaything for daytraders and investors is what it is today, nothing more.
 

roguejuror

night train
Since
Jan 24, 2010
Messages
60,383
What will paychecks and bank accounts look like in a world where your currency just randomly swings 10, 20, 40% in a month?
Lebanon

LOL at ease of access. Digital wallets, accounts, etc. GL if electricity goes out or you forget your password or whatever else.
or installing that stupid game app on your phone that is secretly stealing your private keys to siphon your wallet
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647
BitCoin was just recently promoted as uncoupled from the rest of the market and then it was promoted as being an inflation hedge that cannot be manipulated by governments.

Well, it's now proven to be neither as it's gone down even more than the stock market and just when inflation is taking off, it has gone the other way while gold is rising.


So, if there goes two more of the main reasons for buying BitCoin (along with the idea that it is useful as a medium of exchange), what's left? Can someone give one good reason other than "Just believe because it will go up"?


On the charts, it is forming the classic "head and shoulders" pattern...if it breaks the neckline at 30,000, then it will drop by the amount of the "top of the head and neckline" or to about 5000. Yikes...going to be one hell of a ride.
 

Boner_18

New Member
Since
Oct 5, 2010
Messages
5,404
We decided to stick to what has gotten us this far and just bought the S&P off 10%. We'll scale in more every 5% down. Good luck to y'all crypto investors.
 

Tron

New Member
Since
Jan 28, 2010
Messages
25,991
BitCoin was just recently promoted as uncoupled from the rest of the market and then it was promoted as being an inflation hedge that cannot be manipulated by governments.

Well, it's now proven to be neither as it's gone down even more than the stock market and just when inflation is taking off, it has gone the other way while gold is rising.


So, if there goes two more of the main reasons for buying BitCoin (along with the idea that it is useful as a medium of exchange), what's left? Can someone give one good reason other than "Just believe because it will go up"?


On the charts, it is forming the classic "head and shoulders" pattern...if it breaks the neckline at 30,000, then it will drop by the amount of the "top of the head and neckline" or to about 5000. Yikes...going to be one hell of a ride.
I was wondering what took so long for the Plommer Bitcoin post.

95% of the time he’s active in this thread is during hugh BTC dips.
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647
I was wondering what took so long for the Plommer Bitcoin post.

95% of the time he’s active in this thread is during hugh BTC dips.
Only the crashes are newsworthy pal. You made bank on the stuff, the gift won't keep giving forever, common. You had a great run.

Lets see how this prediction ages.

I believe 1 bitcoin will be worth less than $20K USD by the end of 2022. I wouldn't be surprised to see it less than $10K.
 

Vegas Dave

Not a Real GameLiver
Since
Jan 28, 2010
Messages
2,508
All the squares panic sell when BTC crashes.
What do you believe the endgame/final price point for BTC is?

Even if it does somehow become a widely used, accepted and respected currency that overtakes fiat currency around the world (I don't see this happening, but let's say it does)... what does the per-coin value look like?
 

reno cool

Fuck You Mocha Joe
Since
Jan 29, 2010
Messages
20,500
:dunno: all depends on how the World War these shitbags are about to launch will go down
 

reno cool

Fuck You Mocha Joe
Since
Jan 29, 2010
Messages
20,500
No idea, probably will be no USD.
Probably btc is more important in the sense of how it can be used, not investment piece