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05-16-2019, 09:32 PM | #1696 |
Banned
Join Date: Aug 2005
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Loving the ride. Buying low as I can get on everything
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Posts: 1,529
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05-16-2019, 09:36 PM | #1697 |
A Great Pick
Join Date: Mar 2009
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....Damnit, 7200....another bs pump and dump
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Posts: 1,756
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05-16-2019, 09:37 PM | #1698 |
Mortgage the Future Please
Join Date: Apr 2006
Location: Diontae Johnson dreamland
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Posts: 48,835
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05-16-2019, 09:47 PM | #1699 |
MVP
Join Date: Oct 2011
Location: Chandler AZ
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It was due. Parabolic moves aren't sustainable. Needs to consolidate for a few days/weeks before another leg. Once it broke support at 7650 people started panicking and hard stop losses got triggered and this is what happens.
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Posts: 13,695
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05-17-2019, 04:57 AM | #1700 |
Veteran
Join Date: Feb 2012
Location: DE
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Anderson Cooper doing a Bitcoin segment on 60 Minutes on Sunday night
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Posts: 3,817
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05-17-2019, 05:14 AM | #1701 |
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Join Date: Jan 2009
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The funny thing about Bitcoin is that you'll hear all about how much the price is moving up and down but no one talks about what they're buying with it or how they're using it. That's why it will never truly go anywhere.
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Posts: 64,324
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05-17-2019, 06:49 AM | #1702 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Quote:
Nobody talks about what they do with dollars either. |
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Posts: 41,247
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05-17-2019, 06:52 AM | #1703 |
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Join Date: Jan 2009
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What? Everybody talks about what they bought with dollars. Look at the golf thread or the gun thread. It's full if people talking about how much $ X costs and how much $ they spent on Y. I haven't seen anyone talk about how many bitcoins they spent on anything because most people who own them are HODLING hoping to someday sell them and get rich. I mean, it's basically the whole point of this thread. Using crypto as basically a stock instead of a currency/platform.
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Posts: 64,324
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05-17-2019, 06:55 AM | #1704 | |
Veteran
Join Date: Feb 2012
Location: DE
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Quote:
http://fortune.com/2019/05/13/bitcoi...ital-currency/ |
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Posts: 3,817
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05-17-2019, 07:09 AM | #1705 | |
Beyond the Rapids
Join Date: May 2003
Location: Langley, VA
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Quote:
Real currencies change very little in value over days, weeks, months. If you can't count on a currency to generally hold value over time, then it's useless. There are coins out there that offer better features, but those have no chance because there are so many that none will ever become a commonly accepted means of exchange. The fragmentation prevents any one from becoming widely accepted. A currency can't become widely accepted until it stabilizes, and it can't stabilize until it's widely accepted. That's why the old entrenched currencies that are backed by government are still the standard - because the coins do not offer anything better. Bitcoin was the worst thing ever to happen to cryptocurrency, really. It became the big bubble because of all the hype it received for being the first initially successful thing of its kind, but the technology as a whole wasn't ready for prime time and set the whole thing back years/decades. |
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Posts: 80,659
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05-17-2019, 07:19 AM | #1706 | |
Hey Loochy, I'm hooome!
Join Date: Oct 2008
Location: PooPooKaKaPeePeeShire
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Quote:
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Posts: 41,247
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05-17-2019, 07:19 AM | #1707 | |
Veteran
Join Date: Feb 2012
Location: DE
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Quote:
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Posts: 3,817
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05-17-2019, 09:31 AM | #1708 | |
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Join Date: Jan 2009
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Posts: 64,324
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05-17-2019, 09:42 AM | #1709 | |
What's up braj?
Join Date: Jun 2008
Location: Placencia, Belize
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Posts: 16,269
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05-17-2019, 09:44 AM | #1710 | |
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Join Date: Jan 2009
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Quote:
Most people in crypto buy it to get rich quick. Not to replace their use of USD someday. That's why the HODL movement is so big and why this thread is about price movements. |
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Posts: 64,324
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