Bitcoin about to Pop

[JimC]

I'll grab Jim, you get the ammo, Lak!

You'd be better of with Tero. I might know some theory, but several times I've nearly burned Chemistry labs to a crisp...

[pErvinalia]

Oh yeah, forgot you were a mathematician not a chemist.

[laklak]

Yeah but in that cardigan he looks like a chemist. We'll sell him to Mexicans, they won't understand anything he says till we're well out of there.

[pErvinalia]

Can mathematicians cook Meth?

[laklak]

Well, accountants cook the books, can't be that different.

[JimC]

Yeah but in that cardigan he looks like a chemist. We'll sell him to Mexicans, they won't understand anything he says till we're well out of there.

[rainbow]

I'll grab Jim, you get the ammo, Lak!

You'd be better of with Tero. I might know some theory, but several times I've nearly burned Chemistry labs to a crisp...

Meh!

I have people to burn down my lab.

[rainbow]

Owner of precisely zero bitcoins Simon Williams told us, “At least if you buy something from a shop during the sales you own something physical that you can take home, and not just a rapidly devaluing digital representation of your foolishness and desperation.”

http://newsthump.com/2018/01/17/bitcoin ... uary-sale/

[pErvinalia]

Zitcoin about pop.
Buttcoin about to poop.

[rainbow]

Told you so.

https://www.cnbc.com/2018/01/19/bitcoin ... warns.html

[pErvinalia]

Any money (and a billion other investment vehicles) can lose 90% of its value. Just ask the Zimbabweans.

[rainbow]

Any money (and a billion other investment vehicles) can lose 90% of its value. Just ask the Zimbabweans.

Zimbabwean banknotes could be used for wiping one's arse.

You can't do that with Bitcoin.

[PsychoSerenity]

Any money (and a billion other investment vehicles) can lose 90% of its value. Just ask the Zimbabweans.

Only if the government issuing it engages in some real economic stupidity. With bitcoin the stupidity is hard-coded into it.

[pErvinalia]

Rubbish. There's nothing wrong with the bitcoin protocol (in terms of value and trust). In fact it's far more likely to retain value as its supply is finite. Fiat supply is infinite. You also can't counterfit bitcoin, unlike fiat. And as I said above, the millions of different investment instruments out there can lose 90% of their value. Bitcoin's greatest use at the moment is as a speculative investment tool, so in that sense it's more like certain financial instruments than money.

Interestingly, the biggest downsides of bitcoin - its really high fees and really slow transaction speed, are considered positives by the bitcoin fanboys, as the intention of the bitcoin inner sanctum is to see bitcoin become like a digital gold. That is, a store of value. The harder and more expensive it is to do a transaction, the more likely people will hold for an extended period of time.

[cronus]

Bitcoin trajectory on the markets. It is predictable, surprisingly.