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Azathoth

(4,677 posts)

71. Bitcoin serves a purpose. But idiots with too much money and too little knowledge

Reply to Roland99 (Original post)

Tue Dec 4, 2018, 10:07 PM

Dec 2018

always follow the Booyah! Train that drives these kinds of bubbles.

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Bitcoin is close to becoming worthless [View all] Roland99 Dec 2018 OP

Not true. Tommy_Carcetti Dec 2018 #1

..... Roland99 Dec 2018 #5

I bought Beanie Babies and tulip bulbs central scrutinizer Dec 2018 #10

I hope you bought them cheap lol, and welcome to Galts Gulch... Volaris Dec 2018 #37

Who do you think you are, Donald Trump? jmowreader Dec 2018 #24

That's about right. Give me real cash anytime instead of make believe, ponzi scheme, internet coin. brush Dec 2018 #44

we bought like 1/4 of one just to watch the fluctuation in price... samnsara Dec 2018 #2

I never really understood it exboyfil Dec 2018 #3

:) Me too, and same for several paper $100 bills in my desk, Hortensis Dec 2018 #7

Odd notion of wortless . . . Ms. Toad Dec 2018 #4

How much are you in? BannonsLiver Dec 2018 #23

I agree with the parent, and the answer to your question in my case... localroger Dec 2018 #38

Not at all. Ms. Toad Dec 2018 #68

"dip" is a bit of an understatement, no? Tiggeroshii Mar 2019 #77

Good, it's a huge waste of electricity. Nt lostnfound Dec 2018 #6

Algorithmically decrease? central scrutinizer Dec 2018 #8

I'm going to assume it means something along the lines of decreasing the complexity of the xor Dec 2018 #17

Mining difficulty will decrease Sgent Dec 2018 #31

What does mining bitcoin mean? wasupaloopa Dec 2018 #9

I've heard it explained to me multiple times and it still sounds like the dumbest thing ever. Tommy_Carcetti Dec 2018 #12

PCs loaded up with high end video graphics cards Roland99 Dec 2018 #14

This will tell you jmowreader Dec 2018 #25

Here's the short answer Azathoth Dec 2018 #72

Was it ever actually worth anything? C_U_L8R Dec 2018 #11

It may be like Las Vegas. People returning from Vegas tell me about the wasupaloopa Dec 2018 #13

John Oliver did a huge piece on bitcoins and overnight millionaires: Initech Dec 2018 #16

HODL GANG HODL GANG HODL GANG!!! Moostache Dec 2018 #20

It's worth what people believe it to be worth, which is true for just about anything Major Nikon Dec 2018 #51

Guess the doomsday preppers have a new form of untraceable end times currency? Initech Dec 2018 #15

BTC is the opposite of untraceable localroger Dec 2018 #42

How does one write a check or cash out to buy something? brush Dec 2018 #45

You essentially trade it to other investors who give you "real" money for it localroger Dec 2018 #50

BTC is traceable but many other crypto currencies are not Amishman Dec 2018 #74

the thrill is gone dembotoz Dec 2018 #18

Cue the DU BTC hate committee... JCMach1 Dec 2018 #19

I understand crypto and it's a garbage libertarian fantasy mathematic Dec 2018 #21

And you just showed me exactly how little you know JCMach1 Dec 2018 #35

Bitcoin has "died" over 300 times before MisterProton Dec 2018 #22

Link to Casey Research? I thought they were a RW research firm - why in bitcoins? erronis Dec 2018 #29

Not really a "firm", just a far right wing nutbag selling paranoia to other RW nutbags Major Nikon Dec 2018 #52

That's why I find this news sad ProudLib72 Dec 2018 #34

They aren't the most stable form of currency Major Nikon Dec 2018 #56

Your first link is from a web site that markets bitcoin for profit Major Nikon Dec 2018 #53

+1 uponit7771 Dec 2018 #59

Who cares? MisterProton Dec 2018 #61

Those who value unbiased sources I reckon Major Nikon Dec 2018 #62

Your previous S-Curve theory in regards to Bitcoin is getting spanked. LanternWaste Dec 2018 #64

This message was self-deleted by its author TwilightZone Mar 2019 #76

Loll! Anon-C Dec 2018 #26

Probably not zipplewrath Dec 2018 #27

And in Ohio Ohiogal Dec 2018 #28

I don't see how it could ever become worthless Goodheart Dec 2018 #30

A use? Sure, for tax avoidance and money laundering. n/t pnwmom Dec 2018 #54

since the blockchain records everything, it's a pretty poor mechanism for those things JCMach1 Dec 2018 #57

This makes me glad I'm too stupid to figure out how it works. n/t LuckyCharms Dec 2018 #32

Like all currencies of any sort quaker bill Dec 2018 #33

Not quite. Gold and silver actually have uses. Bitcoin has no intrinsic value. n/t pnwmom Dec 2018 #55

Actually it does have intrinsic value, it's in the chain JCMach1 Dec 2018 #58

not to be too picky quaker bill Dec 2018 #70

That makes it even funnier that the scammers want to be paid in bitcoin! csziggy Dec 2018 #36

The scammers, like the e-merchants who take it, aren't holding it localroger Dec 2018 #39

OK, that makes sense csziggy Dec 2018 #40

I got that same email Polybius Dec 2018 #46

I checked with my webhosting company csziggy Dec 2018 #49

Tulips. The next big thing. Back again too. nt Blue_true Dec 2018 #41

so if it goes to zero qazplm135 Dec 2018 #43

The author is a RW Cato Libertarian type who signed onto their letter attacking Obama Celerity Dec 2018 #47

I wonder how much Bitcoin the Winklevoss twins continue to hold TexasBushwhacker Dec 2018 #48

I don't think sunk is the right word... tandem5 Dec 2018 #63

As would I TexasBushwhacker Dec 2018 #65

They've probably had to resist selling off significantly for profit tandem5 Dec 2018 #67

This message was self-deleted by its author tandem5 Dec 2018 #66

I invested in Tulips instead. whistler162 Dec 2018 #60

Who flees to BTC? RichardRay Dec 2018 #69

Bitcoin serves a purpose. But idiots with too much money and too little knowledge Azathoth Dec 2018 #71

Cypto is an emerging market Cosmocat Dec 2018 #73

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