Bitcoin currency of the future?

Discussion in 'Mayberry Lounge' started by CauseImbetta, Jan 1, 2016.

  1. Der Eisbär

    Der Eisbär Banned Banned

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    If you can afford it gold is always solid as a hedge against inflation and zombie apocalypse fund.
    You can exchange it for dollars and buy whatever you want.
     
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  2. Luminaire

    Luminaire Red Belt

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    I know I can buy things in dollars. That's why dollars have value.

    What can I buy with my Bitcoin?
     
  3. DariusTheGreat

    DariusTheGreat Blue Belt

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    Not much tbh.
     
  4. Der Eisbär

    Der Eisbär Banned Banned

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    You can buy dollars with it. Alot of them. Thats why bitcoin has value. See how this circular reasoning works?
     
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  5. Luminaire

    Luminaire Red Belt

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    Hmm so I buy bitcoins with my dollars and then sell my bitcoins for more dollars than I used to buy my bitcoins, then I buy more bitcoins with my more dollars and then sell my more bitcoins for many more dollars.

    Wow, this can't miss.
     
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  6. Der Eisbär

    Der Eisbär Banned Banned

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    If you're looking to invest in bitcoin and make profits on it's highs and lows thats exactly what you do lol. Now to skip the bullshit-
    Japan just recognized bitcoin as a legally accepted form of payment and it had thousands of stores that accept it. There are numerous online stores that accept it as well like overstock.com. every month more businesses come online accepting it as payment. You have to realize we are all still very early in this crypto game.
     
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  7. Tamriel Terror

    Tamriel Terror Silver Belt

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    Question. Should I go ahead and get some now coins now (bitcoin, litecoin, and ethereum) or wait until I buy a Hardware wallet?!
     
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  8. Luminaire

    Luminaire Red Belt

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    It's interesting.

    But hysteria and investing are a bad mix.
     
  9. Der Eisbär

    Der Eisbär Banned Banned

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    Buy some coins now. Leave them on the coinbase wallet. Start learning how hardware wallets work in the mean time and when your holdings exceed your comfort level put them on the hardware wallet.
     
  10. Der Eisbär

    Der Eisbär Banned Banned

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    You have 7 years of exponential growth. Even if you believe cryptos are doomed to fail just sell them off when the time comes. It's pretty simple. If they ever do fail, which imo is not likely, there is still a shit ton of money to be made
     
  11. SwamiLeoni

    SwamiLeoni Silver Belt

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    Speculation #1: Current price of BTC is inflated due to investors who want to short the market.

    Solution: Buy Alt coins

    Speculation #2: BTC keeps chugging along

    Solution: HOLD!
     
  12. Corona

    Corona 2016 World Champion

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    My co worker started out with like 4K about a year ago and has around 75k now. He invested in bitcoin, vertcoin and litecoin. I might throw down some cash after Christmas.
     
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  13. kahiljabroni

    kahiljabroni Brown Belt

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    I'm definitely bitter I missed the boat although I was never really close to buying. I do think that this will eventually crash but that doesn't mean I couldn't have made bank in the mean time.

    I might open a coin base acct and throw a grand in there just to see what happens.
     
  14. SwamiLeoni

    SwamiLeoni Silver Belt

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    It works both ways.
     
  15. SwamiLeoni

    SwamiLeoni Silver Belt

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    I’m up a decent amount since starting in August. I just went big on $REQ. it’s sitting @ .10 and will hopefully jump to $1 when their beta is released. I still have quite a bit tied up in Alts and if they take off next year.....Goodbye Sallie Mae & Nelnet!
     
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  16. AJ Garcia

    AJ Garcia Professional Fighter Professional Fighter

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    Made more money last night off bitcoin then I’ve made this whole month from working.
     
  17. Grassshoppa

    Grassshoppa Yellow Card Yellow Card

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    So if I wanted to buy one bitcoin today it would cost me $15,000 US dollars? But I could have bought a crap load of bitcoin when it first started and essentially be a bitcoin billionaire today?
     
  18. Der Eisbär

    Der Eisbär Banned Banned

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    I see bitcoin or another crypto or maybe a collection of cryptos replacing fiat currency and banking as we know it. Good luck brah.

    das it man. mirin.
     
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  19. Der Eisbär

    Der Eisbär Banned Banned

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    yup.
     
  20. Der Eisbär

    Der Eisbär Banned Banned

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