Bitcoin-based online gambling

Vegas Dave

Not a Real GameLiver
Since
Jan 28, 2010
Messages
2,508
I’ll lob a number out if you agree to do so as well.

:handshake:
Oh no, I legitimately have no idea.

I do think the whole thing is a big scam as utilized... but not that it COULDN'T be utilized in more legitimate ways. I'm quite intrigued by the blockchain technology but think the entire cryptocurrency industry is being manipulated by invisible powers and that too many coins are being taken out of the market for store of value/speculative purposes to make BTC a legitimate option as an actual currency.

But BTC being intrinsically worthless doesn't mean anything; just about everything is intrinsically worthless. There's no reason gold or baseball cards or modern art can't be worth $0 or $1,000,000 per unit based on the value people collectively apply to them. So if BTC wins the PR battle of being something of worth, it will be of worth. I genuinely have no idea if it will or won't, even though I don't think it should.

You do think it should, so I was just wondering what you were expecting over the next 5, 10, 20 years. Does it go up and down forever? Settle in at a far less volatile "norm" and become a viable currency? As someone who just bought the dip you obviously believe it will trend up again; is that because it will be price manipulated up, or because you see an organic endgame somewhere?

I promise I wont roll in in two years like "lololol you were wrong". Just curious what you are expecting/hoping for.
 

Tron

New Member
Since
Jan 28, 2010
Messages
25,991
Oh no, I legitimately have no idea.

I do think the whole thing is a big scam as utilized... but not that it COULDN'T be utilized in more legitimate ways. I'm quite intrigued by the blockchain technology but think the entire cryptocurrency industry is being manipulated by invisible powers and that too many coins are being taken out of the market for store of value/speculative purposes to make BTC a legitimate option as an actual currency.

But BTC being intrinsically worthless doesn't mean anything; just about everything is intrinsically worthless. There's no reason gold or baseball cards or modern art can't be worth $0 or $1,000,000 per unit based on the value people collectively apply to them. So if BTC wins the PR battle of being something of worth, it will be of worth. I genuinely have no idea if it will or won't, even though I don't think it should.

You do think it should, so I was just wondering what you were expecting over the next 5, 10, 20 years. Does it go up and down forever? Settle in at a far less volatile "norm" and become a viable currency? As someone who just bought the dip you obviously believe it will trend up again; is that because it will be price manipulated up, or because you see an organic endgame somewhere?

I promise I wont roll in in two years like "lololol you were wrong". Just curious what you are expecting/hoping for.
My prediction is in the $250K - $400K range
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647
Bitcoin with a nice little rally. Up $2k (5%) in the last 24 hours.
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647
My prediction is in the $250K - $400K range
How many ie billions/trillions of FIAT have to be injected/invested in order for bitcoin reach this target?

Its quite a bit. Very optimistic to believe it will Tron. The market cap has shrunk by many billions of dollars during the crash, thats real currency. Bitcoin requires constant investment in order to appreciate in value, I don't believe there is any chance it goes to $250k or higher because of this.

I hope it does for your benefit. i have no skin in the game. I rarely buy the stuff, usually get it when withdrawing from Sportsbetting.ag (Betonline) and then convert to fiat or litecoin to deposit at crypto books like playbtr or stake.com
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647
Bitcoin rising sharply today, up approx 7% ($2500) so far.
 

plommer

‹^› ‹(•_•)› ‹^›
Since
Jan 27, 2010
Messages
27,647