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Bitcoin-based online gambling

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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
 
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.
 
Vegas Dave
What will paychecks and bank accounts look like in a world where your currency just randomly swings 10, 20, 40% in a month?
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Lebanon

Vegas Dave
LOL at ease of access. Digital wallets, accounts, etc. GL if electricity goes out or you forget your password or whatever else.
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or installing that stupid game app on your phone that is secretly stealing your private keys to siphon your wallet
 
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.
 
plommer
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.
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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.
 
Tron
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.
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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.
 
Tron
All the squares panic sell when BTC crashes.
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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?
 
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