Bitcoin about to Pop

Post Reply
User avatar
rainbow
Posts: 13528
Joined: Fri Jun 08, 2012 8:10 am
About me: Egal wie dicht du bist, Goethe war Dichter
Location: Africa
Contact:

Bitcoin about to Pop

Post by rainbow » Fri Dec 22, 2017 6:42 am

https://www.dailyfx.com/bitcoin
Bitcoin looks like it's heading towards a major crash. If it happens, crypto-millionaires will be hit hardest while governments move to regulate the cryptocurrency
http://www.wired.co.uk/article/what-hap ... ubble-pops
I call bullshit - Alfred E Einstein
BArF−4

User avatar
JimC
The sentimental bloke
Posts: 73014
Joined: Thu Feb 26, 2009 7:58 am
About me: To be serious about gin requires years of dedicated research.
Location: Melbourne, Australia
Contact:

Re: Bitcoin about to Pop

Post by JimC » Fri Dec 22, 2017 6:46 am

Will they be jumping from virtual skyscrapers?
Nurse, where the fuck's my cardigan?
And my gin!

User avatar
Hermit
Posts: 25806
Joined: Thu Feb 26, 2009 12:44 am
About me: Cantankerous grump
Location: Ignore lithpt
Contact:

Re: Bitcoin about to Pop

Post by Hermit » Fri Dec 22, 2017 6:52 am

Image

Yeah, I know.
I am, somehow, less interested in the weight and convolutions of Einstein’s brain than in the near certainty that people of equal talent have lived and died in cotton fields and sweatshops. - Stephen J. Gould

User avatar
Scot Dutchy
Posts: 19000
Joined: Tue Feb 23, 2010 2:07 pm
About me: Dijkbeschermer
Location: 's-Gravenhage, Nederland
Contact:

Re: Bitcoin about to Pop

Post by Scot Dutchy » Fri Dec 22, 2017 7:08 am

I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
"Wat is het een gezellig boel hier".

User avatar
cronus
Black Market Analyst
Posts: 18122
Joined: Thu Oct 11, 2012 7:09 pm
About me: Illis quos amo deserviam
Location: United Kingdom
Contact:

Re: Bitcoin about to Pop

Post by cronus » Fri Dec 22, 2017 7:17 am

Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:
What will the world be like after its ruler is removed?

User avatar
rainbow
Posts: 13528
Joined: Fri Jun 08, 2012 8:10 am
About me: Egal wie dicht du bist, Goethe war Dichter
Location: Africa
Contact:

Re: Bitcoin about to Pop

Post by rainbow » Fri Dec 22, 2017 7:18 am

It was $14100 when I posted this morning.
It is now $12735.
I call bullshit - Alfred E Einstein
BArF−4

User avatar
Scot Dutchy
Posts: 19000
Joined: Tue Feb 23, 2010 2:07 pm
About me: Dijkbeschermer
Location: 's-Gravenhage, Nederland
Contact:

Re: Bitcoin about to Pop

Post by Scot Dutchy » Fri Dec 22, 2017 7:47 am

cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:
Cut flowers are still a very important export. Worth about €8 billion. We are the second largest agriculture exporter in the world.
"Wat is het een gezellig boel hier".

User avatar
Tyrannical
Posts: 6326
Joined: Thu Dec 30, 2010 4:59 am
Contact:

Re: Bitcoin about to Pop

Post by Tyrannical » Fri Dec 22, 2017 7:48 am

I half expect bitcoin to just get outlawed one day, its a ponzi scheme more than a currency.
A rational skeptic should be able to discuss and debate anything, no matter how much they may personally disagree with that point of view. Discussing a subject is not agreeing with it, but understanding it.

User avatar
pErvinalia
On the good stuff
Posts: 59295
Joined: Tue Feb 23, 2010 11:08 pm
About me: Spelling 'were' 'where'
Location: dystopia
Contact:

Re: Bitcoin about to Pop

Post by pErvinalia » Fri Dec 22, 2017 9:31 am

cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:
The smart money will move into a host of newer crypto currencies that do things infinitely faster and cheaper than bitcoin can.
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

User avatar
NineBerry
Tame Wolf
Posts: 8950
Joined: Thu Feb 26, 2009 1:35 pm
Location: nSk
Contact:

Re: Bitcoin about to Pop

Post by NineBerry » Fri Dec 22, 2017 9:48 am

pErvinalia wrote:
cronus wrote:
Scot Dutchy wrote:I dont think the comparison to the tulip bubble is a good one. When the Bitcoin bubble bursts nothing will be left. After the tulip crisis an industry was formed.
It'll crash by 2/3rds and still be huge compared with a couple of years ago....when the dumb money is cleaned out folks will concentrate on the practical issue of making Bitcoin pay. How's the tulip industry doing these days? :coffee:
The smart money will move into a host of newer crypto currencies that do things infinitely faster and cheaper than bitcoin can.
I don't think so. VHS won over Super 8.

User avatar
pErvinalia
On the good stuff
Posts: 59295
Joined: Tue Feb 23, 2010 11:08 pm
About me: Spelling 'were' 'where'
Location: dystopia
Contact:

Re: Bitcoin about to Pop

Post by pErvinalia » Fri Dec 22, 2017 12:53 pm

No, Bitcoin really is prehistoric compared to other newer cryptos. It would be like picking the model T Ford over a Tesla. Bitcoin could fix all this with what's called a "fork" (same concept as in programming), but apparently those with the most influence are a bit religious about Bitcoin staying pure.
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

User avatar
Brian Peacock
Tipping cows since 1946
Posts: 37953
Joined: Thu Mar 05, 2009 11:44 am
About me: Ablate me:
Location: Location: Location:
Contact:

Re: Bitcoin about to Pop

Post by Brian Peacock » Fri Dec 22, 2017 1:13 pm

Can anyone fork me some shekels?
Rationalia relies on voluntary donations. There is no obligation of course, but if you value this place and want to see it continue please consider making a small donation towards the forum's running costs.
Details on how to do that can be found here.

.

"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."

Frank Zappa

"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
.

User avatar
pErvinalia
On the good stuff
Posts: 59295
Joined: Tue Feb 23, 2010 11:08 pm
About me: Spelling 'were' 'where'
Location: dystopia
Contact:

Re: Bitcoin about to Pop

Post by pErvinalia » Fri Dec 22, 2017 2:05 pm

Fork off!
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

User avatar
pErvinalia
On the good stuff
Posts: 59295
Joined: Tue Feb 23, 2010 11:08 pm
About me: Spelling 'were' 'where'
Location: dystopia
Contact:

Re: Bitcoin about to Pop

Post by pErvinalia » Fri Dec 22, 2017 2:22 pm

Funniest headline I saw on steemit about bitcoin:
Bitcoin crashes to prices not seen since... Just 2 weeks ago!
Sent from my penis using wankertalk.
"The Western world is fucking awesome because of mostly white men" - DaveDodo007.
"Socialized medicine is just exactly as morally defensible as gassing and cooking Jews" - Seth. Yes, he really did say that..
"Seth you are a boon to this community" - Cunt.
"I am seriously thinking of going on a spree killing" - Svartalf.

User avatar
laklak
Posts: 20981
Joined: Tue Feb 23, 2010 1:07 pm
About me: My preferred pronoun is "Massah"
Location: Tannhauser Gate
Contact:

Re: Bitcoin about to Pop

Post by laklak » Fri Dec 22, 2017 3:05 pm

I might have a punt if it drops far enough. Question is, how far is enough?
Yeah well that's just, like, your opinion, man.

Post Reply

Who is online

Users browsing this forum: No registered users and 33 guests