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What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

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What is the fate of Bitcoin?

  1. Currency of the future

    35.0%
  2. Passing Fad

    65.0%
  1. Dr of Dunk

    Dr of Dunk Clutch Crew

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    The collateral is bitcoin, though, isn't it? I mean, that's great for Microstrategy that they can stay afloat by pledging the bitcoin they bought as collateral, but what happens when they start giving the bitcoin back to those they owe the "money" to? This is about what happens to bitcoin's price more than what happens to Microstrategy to most people. lol
     
  2. Xerobull

    Xerobull You son of a b!tch! I'm in!

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  3. Major

    Major Member

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    Apparently if you draw enough lines on a chart, you can match any move to one of them...
     
  4. Dr of Dunk

    Dr of Dunk Clutch Crew

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    Who is this person with charting software that has 81 followers, and why should I believe them? :D
    What if I want to wait until 7, 8, or 9 instead and watch it enter the periwinkle or burnt umbra boxes? Huh?!
     
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  5. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    One of my secret weapons.

    Honestly, would you follow this level of technical analysis? Not really for general Twitter pleb consumption.
     
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  6. Sajan

    Sajan Member

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    Pretty much the motto of TECHNICAL ANAL-YSIS.
     
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  7. dmoneybangbang

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    How do higher energy costs effect the Bitcoin/crypto proposition?
     
  8. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    Affects more supply coming in but doesn’t impact the market other than people feeling the cost crunch.
     
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  9. Space Ghost

    Space Ghost Contributing Member

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    Bitcoin network uses an estimate 55-60% renewables. It's the fossil fuels that are getting hammered hard.
     
  10. dmoneybangbang

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    Yea but the other 40-45% has seen a rapid rise in costs. That doesn’t seem insignificant
     
  11. Sajan

    Sajan Member

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    right at the 200 weekly moving avg.....
     
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  12. Sajan

    Sajan Member

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    [​IMG]

    [​IMG]
     
  13. DonnyMost

    DonnyMost be kind. be brave.
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    The p*rn thing is irrelevant and kind of a dick move to drag someone over (no idea what situation someone might be dealing with, especially when that young), but otherwise yeah probably not a good sign when your head of lending is under 25 years old.
     
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  14. dmoneybangbang

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    Kinda like when bartenders become mortgage brokers.

     
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  15. Major

    Major Member

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    Does the pattern still apply? Is $20k the new $30k?
     
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  16. Xerobull

    Xerobull You son of a b!tch! I'm in!

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  17. Cokebabies

    Cokebabies Contributing Member

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    Not just under 25 but clearly lacking the experience to do the job. I also have no idea how she got Forbes 30 Under 30 with such lackluster credentials.
     
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  18. DonnyMost

    DonnyMost be kind. be brave.
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    [​IMG]
     
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  19. Xerobull

    Xerobull You son of a b!tch! I'm in!

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    Because #MeToo

    Always do you team research on Crypto offerings
     
  20. Sajan

    Sajan Member

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    lol the classic "do your own research folks..."
     

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