Bitcoin currency of the future?

[CauseImbetta]

I think you may have pissed away your whole life savings? Amirite?

No, I'm too smart for that. Diversify is the key word.

 

[Drenalin]

No, I'm too smart for that. Diversify is the key word.

Good deal. Bitcoin is one hack away from going belly up. It’s not a matter of if, but when.

 

[Der Eisbär]

Good deal. Bitcoin is one hack away from going belly up. It’s not a matter of if, but when.

 

[Cygnus A]

I dumped out at 6500.. regrets right now. Think it will dip back down so I can buy back?

 

[CerebralKnievel]

I dumped out at 6500.. regrets right now. Think it will dip back down so I can buy back?

Are you serious?? The literal low point of the year???? I fucking hate you right now.

 

[BJ@LW&WW]

I think you may have pissed away your whole life savings? Amirite?

uhhhh what? u quoted a post where he said he bought bitcoin for a 100 and its currently 8000.

most people that got in that early are in the green

 

[Michaelangelo]

I dumped out at 6500.. regrets right now. Think it will dip back down so I can buy back?

i think it’s stable at 8000 right now

will head back to 1000 in a few days

 

[RagingBeringola]

So the holocaust is not objectively wrong. Gotcha bud.

By what measure you ask? The measure of suffering.

I would love to enter that kind of debate, but I believe we should stay with cryptocurrencies here in the topic. Has been very enlightening so far.

Most people bring plenty of useful information to newbies like me, and that includes the 2 extremes like Der Eisbär or JonesBones. Not sure why you guys have to get that heated when someone has a different position.

Anyway, there is no "measure of suffering" since suffering sensation is subjective, and one cannot know the suffering of someone else, and even less if it's a different living being working totally differently from humans.

 

[Rjay]

Most people bring plenty of useful information to newbies like me, and that includes the 2 extremes like Der Eisbär or JonesBones. Not sure why you guys have to get that heated when someone has a different position.

There's no 2 extremes, there the JonesBones ie Warren Buffet school on investing which is completely mainstream and based in hundreds of years of economics fundamentals, and then there's the kool-aid school represented by Der Eisbär who thinks because of new technology this time everything is different (unlike last time, the time before than, and the time before that). Only one extreme between then.

The price fluctuations should tell you everything you need to know about this asset class. Of course some people are going to make money, because in every bubble some people do. Ultimately though, most people get burned. I also find it amusing that when I look at my FB feed, it's all the financial illiterates and losers that are going hard on crypto, while all the successful people I know are cautious, with it only playing a small role in their portfolios or mostly skipping it all together. Funny that. Successful people play a long game, while poor people are always looking to get rich quick.

 

[xcvbn]

Good deal. Bitcoin is one hack away from going belly up. It’s not a matter of if, but when.

How do you hack a Bitcoin?

Honest question for you.

 

[xcvbn]

There's no 2 extremes, there the JonesBones ie Warren Buffet school on investing which is completely mainstream and based in hundreds of years of economics fundamentals, and then there's the kool-aid school represented by Der Eisbär who thinks because of new technology this time everything is different (unlike last time, the time before than, and the time before that). Only one extreme between then.

The price fluctuations should tell you everything you need to know about this asset class. Of course some people are going to make money, because in every bubble some people do. Ultimately though, most people get burned. I also find it amusing that when I look at my FB feed, it's all the financial illiterates and losers that are going hard on crypto, while all the successful people I know are cautious, with it only playing a small role in their portfolios or mostly skipping it all together. Funny that. Successful people play a long game, while poor people are always looking to get rich quick.

How long have you followed crypto?

 

[RagingBeringola]

There's no 2 extremes, there the JonesBones ie Warren Buffet school on investing which is completely mainstream and based in hundreds of years of economics fundamentals, and then there's the kool-aid school represented by Der Eisbär who thinks because of new technology this time everything is different (unlike last time, the time before than, and the time before that). Only one extreme between then.

The price fluctuations should tell you everything you need to know about this asset class. Of course some people are going to make money, because in every bubble some people do. Ultimately though, most people get burned. I also find it amusing that when I look at my FB feed, it's all the financial illiterates and losers that are going hard on crypto, while all the successful people I know are cautious, with it only playing a small role in their portfolios or mostly skipping it all together. Funny that. Successful people play a long game, while poor people are always looking to get rich quick.

I get your point. But I was refering to extremes in this thread.

And having read the whole thread from the first to now your comment, kool-aid or not, I can subjectively say that Der Eisbär brought some valuable information to the pot.

I just try to filter the sh*ttalking and discussions and focus on the useful things round here

 

[Drenalin]

How do you hack a Bitcoin?

Honest question for you.

Well obviously I don’t know the answer to that because I’m not a hacker. That’s a question for the hackers who stole $64 million in bitcoin
https://www.google.com/amp/s/amp.th...en-hack-attack-marketplace-nicehash-passwords

https://www.google.com/amp/s/arstec...ef-history-of-bitcoin-hacks-and-frauds/?amp=1

https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp

 

[Der Eisbär]

I would love to enter that kind of debate, but I believe we should stay with cryptocurrencies here in the topic. Has been very enlightening so far.

Most people bring plenty of useful information to newbies like me, and that includes the 2 extremes like Der Eisbär or JonesBones. Not sure why you guys have to get that heated when someone has a different position.

Anyway, there is no "measure of suffering" since suffering sensation is subjective, and one cannot know the suffering of someone else, and even less if it's a different living being working totally differently from humans.

There doesn't need to be measurable suffering. Suffering is a fundamental reality as no one disputes that their own pain and suffering is real

 

[xcvbn]

Well obviously I don’t know the answer to that because I’m not a hacker. That’s a question for the hackers who stole $64 million in bitcoin
https://www.google.com/amp/s/amp.th...en-hack-attack-marketplace-nicehash-passwords

https://www.google.com/amp/s/arstechnica.com/tech-policy/2017/12/a-brief-history-of-bitcoin-hacks-and-frauds/?amp=1

https://www.investopedia.com/articles/investing/032615/can-bitcoin-be-hacked.asp

Those are all cases of exchange hacks or personal negligence. It's my understanding that part of what makes most crypto so enticing is that it's essentially impossible to hack the private key of an address(you need quantum computers and/or billions of years to crack them). This is thanks to the decentralized nature of the technology but once you add that "middleman" i.e. people, companies, etc that's how mistakes(or outright fraud and theft) are made.

 

[Der Eisbär]

I get your point. But I was refering to extremes in this thread.

And having read the whole thread from the first to now your comment, kool-aid or not, I can subjectively say that Der Eisbär brought some valuable information to the pot.

I just try to filter the sh*ttalking and discussions and focus on the useful things round here

That's the point of this thread. To facilitate a useful discussion on cryptos. People like Jones came into the thread and completely derailed it with ignorance and negativity

 

[Der Eisbär]

There's no 2 extremes, there the JonesBones ie Warren Buffet school on investing which is completely mainstream and based in hundreds of years of economics fundamentals, and then there's the kool-aid school represented by Der Eisbär who thinks because of new technology this time everything is different (unlike last time, the time before than, and the time before that). Only one extreme between then.

The price fluctuations should tell you everything you need to know about this asset class. Of course some people are going to make money, because in every bubble some people do. Ultimately though, most people get burned. I also find it amusing that when I look at my FB feed, it's all the financial illiterates and losers that are going hard on crypto, while all the successful people I know are cautious, with it only playing a small role in their portfolios or mostly skipping it all together. Funny that. Successful people play a long game, while poor people are always looking to get rich quick.

Ahahahaha. Warren buffet. That's fucking hilarious. You mean the guy that didn't invest in a single tech company because he's to old and too ignorant to understand the future? Yes. Let's take the advice of and emulate a guy who didn't invest in amazon, microsoft, Google, apple, none of them. Yup. Listen to that guy brah.

 

[xcvbn]

This is why I say Ripple(XRP) is a scam:
https://blog.bitmex.com/the-ripple-story/

 

[Rjay]

Ahahahaha. Warren buffet. That's fucking hilarious. You mean the guy that didn't invest in a single tech company because he's to old and too ignorant to understand the future? Yes. Let's take the advice of and emulate a guy who didn't invest in amazon, microsoft, Google, apple, none of them. Yup. Listen to that guy brah.

He's rich. You're poor. I'll listen to him.

 

[xcvbn]

Ahahahaha. Warren buffet. That's fucking hilarious. You mean the guy that didn't invest in a single tech company because he's to old and too ignorant to understand the future? Yes. Let's take the advice of and emulate a guy who didn't invest in amazon, microsoft, Google, apple, none of them. Yup. Listen to that guy brah.

I wouldn't dismiss everything Buffet has to say, but yeah, a lot of his background has absolutely no basis in technology especially technology as complex and new as blockchain. It's dumb to not listen to him but it's naive to think his understanding of financials and economics applies wholly to every investment space.