SURVEY: Cryptocurrency--would you invest?

[phycokiller]

7 minutes ago, Craig krup said:

Why isn't my characterisation accurate? 

 

If Bitcoin is - long run - worth $100, but it could pop to $10m next month, or fall to $100 - why are those gambling by holding it not doing exactly what I say they're doing? 

 

There's nothing to be done, as I said at the start. Folk can't be arsed with distinctions. 

 

Imagine ten limited liability companies, with lots of debt. the debt holders get their interest, and are first in line if the company goes bust. One company will multiply your investment twenty times. In nine you'll lose the lot. In just those circumstances you should buy the Ordinary shares, and people do. It's rational. But people have no f***s left to give if you try to distinguish that from Bitcoin. 

your characterization isnt accurate because, as you state in the very next word, its an "if". an if based on a bunch of assumptions based on your uninformed opinion. it may be correct but you provide no evidence, although of course we do undersatand that you are so much better at predicting the future then the rest of us, well, apart from the guy that made a million by ignoring your advice

[bearpolar]

4 hours ago, seancbk said:

 

They are not all currencies.

Yes they do all have distributed ledgers. 

I'm not going to argue the value proposition as you either see it or you don't.

They are not all anonymous nor do they need to be.  

Please just add him to ignore, don't you see he's not even reading what you're writing. As stated before, hes poor and bored. All he wants is to write paragraphs of meaningless diarrhea to keep himself occupied.. 

 

Having been raised in a medical household, theres nothing i despise more than people that fake intelligence by adding tons of words to pure diarrhea.  Stick to facts, get to the point, research(do not read people's opinion pieces), and learn.

Edited May 2, 2018 by bearpolar

[Craig krup]

3 minutes ago, bearpolar said:

Please just add him to ignore, don't you see he's not even reading what you're writing. As stated before, hes poor and bored. All he wants is to write paragraphs of meaningless diarrhea to keep himself occupied.. 

At least I can spell, and use punctuation. Why do you think I'm poor? I'm very open about my personal circumstances. I don't think speculators, as a group, flourish, although those who walk out of whatever casino they chose with coin will find a ready audience of other idiots who'll hear their tales.

 

I ate ox heart and peas today for lunch. Tasty!! 400g of ox heart marked down - 9p. Peas from the Asian grocer - £1.80 for 2kg. I've saved about 80% of my income for 20 years and now I've got dough. But people can't do that. They've no ability to control themselves. They can't hack it, they can't troop on, they need an easy out.....

 

Crypto currencies are just today's property "flips". If this was 2004 you'd all be on the "Singing Pig" website, feeding off each other with the maddening thought of easy money. Sixteen times a year capitalism gives me a wedge of dough. On the 18th I'll get decent credit - about £1200. At the end of the month another one arrives - say £1500, or so. If you work, save, invest and economise it'll almost certainly work out. But if you were capable of that you wouldn't be on this thread. 

[Craig krup]

23 minutes ago, phycokiller said:

your characterization isnt accurate because, as you state in the very next word, its an "if". an if based on a bunch of assumptions based on your uninformed opinion. it may be correct but you provide no evidence, although of course we do undersatand that you are so much better at predicting the future then the rest of us, well, apart from the guy that made a million by ignoring your advice

Okay, tell us your assumptions that underpin the claim that it's worth $9,000, or $90, or $9, or $9m?

 

I've told you why I think it's worth zero. It's a bad way to exchange goods and services, and if it wasn't bad new entrants could do it much better. That's my claim. It doesn't function as a currency. Currencies exist in sovereign territories, they're legal tender, governments ask for their taxes in them, and so act to preserve their value. Bitcoin isn't a currency. That's my argument. That's why I think it's worth zero. What assumptions do you make - aside from today's supposed fact that some numpty will give you more than zero - that it's fundamental value is worth more than zero? I should pay $9,000 for a Bitcoin because Bitcoin lets me do what - exactly - that $9,000 doesn't let me do?

 

You've no willingness to think, and the fact that you've got equally thoughtless support changes nothing. Misery loves company, but stupidity loves a mob.  

[seancbk]

52 minutes ago, Craig krup said:

Jesus Christ. Speak to your primary carer.

 

1) If something is volatile and has no ultimate value, then it starts at zero (or $1m, or whatever), and goes to zero.

2) If you hold it your chance of holding it when it goes to zero is precisely proportional to the time you hold it. 

3) You can't know when it'll go to zero. You think you know, but you don't. 

_________________________________________

It's completely irrational to hold it for one nanosecond. 

 

As I said 5,000 words ago, you could achieve the same result by betting red (or black) with £1,000 ten times. In a British casino people doing this would only lose less than 2% of the cash they wager. You could bet once and nearly half the time you could, "I doubled my money. Look at the size of primary sexual organs!!!" You could keep going until you had £500,000, or had lost it all. It's the same thing. If the junk is just a volatile "wheel" - and the punters are just transferring money from each other - it never makes any sense to participate at all. 

 

Okay, I'll modify that last bit. Suppose you had £1,000. You'll definitely die in twenty minutes unless you obtain £1m. You should, then, gamble. Now few people are in this position. Lots of young guys think they are, though. They think, "I don't have the dough to stay indefinitely in Thailand if I don't gamble, I can't face leaving, ergo I must gamble". 

 

Diminishing marginal utility - your second dollar doesn't buy quite as much "utility" as the first - means that these gambles, in the real world, never make sense. $5,000 buys you more than half the utility of $10,000. But a crazy Thai woman heading for Laos with the business takings doesn't see that. She thinks she has to be rich, and nothing else can be tolerated. She can't see that the risk of the move from x to y state is the loss of x. She's fixated on y. She can't imagine worse than x. When it arrives, though, when she's lost everything, then she knows. 

 

A young guy in Thailand just about able to keep his digital gonad dreams going on the $280 a month he has coming in as real money could stay somewhere cack-ish in a 2,000 baht fan room, and buy a rice cooker. But he thinks this is worse than death. So he gambles away that option in the hope of something much better. Then he discovers that your own front door, 2,500 kcals a day and internet access is better than being on the street. Too late he realises. 

 

This has all been going on since the dawn of time.  

 

 

 

What the hell has Thailand and people who want to stay here got to do with Bitcoin?    


I'm beginning to think you are a complete nut job with a major ego problem.   

You are allegedly involved in education yet you seem unwilling to educate yourself, instead you spout nonsense that has nothing to do with crypto. 

Are you really so much more intelligent than all the people actively developing crypto platforms and working in the crypto space?   

I don't think you even have the slightest clue how big the cryptosphere is, maybe the demand for developers will give you a clue.....

From Techcrunch -   "Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 job openings for every one blockchain developer. And as Nick Szabo, the developer who coined “smart contracts,” pointed out, there is an extreme “$/knowledge” ratio in the blockchain space, where capital by far outpaces talent.

Today, Toptal, a marketplace for on-demand tech talent, is publicly launching their blockchain engineering talent vertical out of private beta. In today’s software development landscape, Toptal represents about 50 percent of on-demand engineering labor by revenue.   Requests for on-demand blockchain talent are skyrocketing. Last year, freelance talent marketplace Upwork saw blockchain rise to the fastest-growing skill out of more than 5,000 skills in terms of freelancer billings —  a year-over-year increase of more than 35,000 percent."

 

Are we to believe that you are smarter than all the people at all those companies who are hiring all those highly skilled engineers (and the engineers themselves)?   

[Craig krup]

12 minutes ago, seancbk said:

 

 

What the hell has Thailand and people who want to stay here got to do with Bitcoin?    


I'm beginning to think you are a complete nut job with a major ego problem.   

You are allegedly involved in education yet you seem unwilling to educate yourself, instead you spout nonsense that has nothing to do with crypto. 

Are you really so much more intelligent than all the people actively developing crypto platforms and working in the crypto space?   

I don't think you even have the slightest clue how big the cryptosphere is, maybe the demand for developers will give you a clue.....

From Techcrunch -   "Blockchain-related jobs are the second-fastest growing in today’s labor market; there are now 14 job openings for every one blockchain developer. And as Nick Szabo, the developer who coined “smart contracts,” pointed out, there is an extreme “$/knowledge” ratio in the blockchain space, where capital by far outpaces talent.

Today, Toptal, a marketplace for on-demand tech talent, is publicly launching their blockchain engineering talent vertical out of private beta. In today’s software development landscape, Toptal represents about 50 percent of on-demand engineering labor by revenue.   Requests for on-demand blockchain talent are skyrocketing. Last year, freelance talent marketplace Upwork saw blockchain rise to the fastest-growing skill out of more than 5,000 skills in terms of freelancer billings —  a year-over-year increase of more than 35,000 percent."

 

Are we to believe that you are smarter than all the people at all those companies who are hiring all those highly skilled engineers (and the engineers themselves)?   

Yeah mate, whatever, you're right. Hope it all works out for you. I was lucky to be born in 1965, and I was saved when I walked into a steady job in 1996. Scarred as I was by what came before I made damn certain that I bought protection, and plenty of it. Given the financial crisis, given the "gig" economy, we've an army of young people with the arse out of their trousers. "Brett Dev" on Youtube deleted my comments about the reality of this, and I can see why. It must be horrendous. Whatever. Chook dee. The reality is sad. I've honestly got sympathy. It's a tough world. The unique selling point of the West was the rule of law and political stability. As the world became more stable post 1990 hundreds of millions have been lifted out of poverty, but the privileged position of those lucky enough to be born in the West has been violently eroded. Really good tech people make £30,000 a year in the UK, and work horribly hard for it. I know a guy who has taken a massive pay cut on already low wages to be made permanent by British Telecom. 

 

So if you need to believe this sh*te to get through the day, fine. In your circumstances I'm not sure that I'd be any different.  

[seancbk]

10 minutes ago, Craig krup said:

 

So if you need to believe this sh*te to get through the day, fine. In your circumstances I'm not sure that I'd be any different.  

 

 

In my circumstances?    
 

I'm very happy living in Bangkok thanks very much and my life has always been pretty damn good (rich parents helped).   

 

[Andaman Al]

2 hours ago, Craig krup said:

This is nonsense. Bitcoin is a secure means of exchange and a store of value, not dependent on a bankrupt banking system reliant on fiat money, the tool of a crony capitalist elite who seize social value for personal benefit*. 

 

 

 

[*Where's my tongue? Where? What have I done with my tongue? Oh yes. There it is. In my cheek all along]. 

It is not nonsense and you need to learn to read. There are programs where people are saying they will invest in bitcoin for you. You send your money in and THEY purchase the coins using your money. Say they buy 5 coins with your money. The price goes up, they say there is suspicious activity on your account, close it and refund your original money. They then keep the bitcoins and the profit or sell the bitcoins, refund you and keep the profit. Simple. Nothing to do with the secure nature of bitcoin and most people will not think to question it as they get their original money back and do nothing more than mutter sh*t under their breath..

[Craig krup]

5 minutes ago, Andaman Al said:

It is not nonsense and you need to learn to read. There are programs where people are saying they will invest in bitcoin for you. You send your money in and THEY purchase the coins using your money. Say they buy 5 coins with your money. The price goes up, they say there is suspicious activity on your account, close it and refund your original money. They then keep the bitcoins and the profit or sell the bitcoins, refund you and keep the profit. Simple. Nothing to do with the secure nature of bitcoin and most people will not think to question it as they get their original money back and do nothing more than mutter sh*t under their breath..

I'm trying to be funny F-F-S. 

 

I've spent considerable time trying to force sense into the cast of Fraggle Rock . What do you think the "tongue in cheek" stuff was about. 

 

Of course it's a scam! The whole things a scam. Admittedly the best con men don't know that they're con men, so some will get rich and never think themselves crooks. Indeed lacking a mens rea they aren't. Just idiots. 

[Craig krup]

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[Kieran00001]

On 22/04/2018 at 2:12 PM, SatPrem said:

Wow, I seldom see so many comments filled with ignorance and cluelessness - reminds me to the people who said several years ago " I would never ever invest in a company which tries to make money online like Google, Amazon, Facebook etc. - 

 

Yeah, and no one lost anything on that one in 2001, the dot com stocks only lost $5 trillion dropping 78%.

[Craig krup]

6 minutes ago, Kieran00001 said:

 

Yeah, and no one lost anything on that one in 2001, the dot com stocks only lost $5 trillion dropping 78%.

Global Crossing, Enron....

 

Mind you, at least at some level these disasters made sense: there was some possibility of a business there. Nobody can explain to you what need cryptocurrencies meet, why buying one right now won't almost certainly be worse than buying one later (should they look like working), and why there isn't horrendous political-legal (as well as competition) risk. 

 

We've got people claiming that buying a Bitcoin (or similar) somehow involves grabbing a stake in the provider of technological solutions to businesses. Does it? Does that make any sense?

 

 “Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one.” Charles Mackay

[Andaman Al]

38 minutes ago, Craig krup said:

I'm trying to be funny F-F-S. 

 

I've spent considerable time trying to force sense into the cast of Fraggle Rock . What do you think the "tongue in cheek" stuff was about. 

 

Of course it's a scam! The whole things a scam. Admittedly the best con men don't know that they're con men, so some will get rich and never think themselves crooks. Indeed lacking a mens rea they aren't. Just idiots. 

Oh dear calm down.. Your tongue in cheek thingy looked like a signature block at the bottom of the post so I didn't even read it. Now i see your subsequent posts I get where you are coming from.

 

An even better way of losing your money quicker than lightning ! - Have you seen advertised trading platforms offering bitcoin CFD's   It's like playing Russian Roulette with 6 bullets occupying the chambers.

Edited May 2, 2018 by Andaman Al

[seancbk]

33 minutes ago, Craig krup said:

Nobody can explain to you what need cryptocurrencies meet

Try educating yourself.

https://www.nasdaq.com/article/ibm-five-international-banks-pilot-blockchain-based-platform-for-trade-finance-cm954045

https://www.coindesk.com/blockchain-trade-finance-breaking-proof-concept-gridlock/

 

[seancbk]

36 minutes ago, Craig krup said:

We've got people claiming that buying a Bitcoin (or similar) somehow involves grabbing a stake in the provider of technological solutions to businesses. Does it? Does that make any sense?

Who the hell ever said that about Bitcoin?

You clearly can't even distinguish between Bitcoin and any other crypto coin or token.    

Your lack of knowledge is embarrassing.

[Craig krup]

30 minutes ago, seancbk said:

Who the hell ever said that about Bitcoin?

You clearly can't even distinguish between Bitcoin and any other crypto coin or token.    

Your lack of knowledge is embarrassing.

 

Oh please. You're always alluding to your arguments, but when anyone takes seriously the endless urls you post they get a social cripple explaining how some piece of tech works, with abso*uckinlutely no relevance whatsoever to the issue at hand. 

 

All your distinctions are only for aficionados - a.k.a. people who want to argue whether Tweedledum is better than Tweedledee. The "distinction" you mean to draw between the precise onanism you favour, and other forms of self-abuse, is a distinction without a difference. If these "currencies" are for paying for things then they're s*it. So your adolescent fascination with their differences is meaningless next to the characteristic they share in common - they're rubbish at what they're supposedly for. 

 

You've slid all over the distinction between the possible IT applications of technology for business purposes, and the sense in this technology providing the basis for a kiddy-on currency. I've tried for pages to get you to see that, and to see that if the former exists it has existed for at least twenty years, and any super-normal wages it puts into the hands of workers, or super-normal profits into the hands of companies, will be quickly bid away by competition. 

 

In case it has escaped your notice - no, it has escaped your notice - this entire thread is, "Cryptocurrency - would you consider investing?" 

 

Go. I tire of you now. 

[Craig krup]

43 minutes ago, seancbk said:

Try educating yourself.

https://www.nasdaq.com/article/ibm-five-international-banks-pilot-blockchain-based-platform-for-trade-finance-cm954045

https://www.coindesk.com/blockchain-trade-finance-breaking-proof-concept-gridlock/

 

And you've actually posted us links that have ***k all to do with currencies. Jesus wept. 

[seancbk]

Just now, Craig krup said:

And you've actually posted us links that have ***k all to do with currencies. Jesus wept. 

 

You said, in the message I quoted "Nobody can explain to you what need cryptocurrencies meet"   

So I posted links with a real world use case, developed and tested by IBM and a group of banks. 

If you are too stubborn to read it and you don't understand that Global Trade Finance is a very large and important use case for blockchain then you are orders of magnitude more ignorant than I was starting to think.


 

[seancbk]

12 minutes ago, Craig krup said:

52 minutes ago, seancbk said:

Who the hell ever said that about Bitcoin?

You clearly can't even distinguish between Bitcoin and any other crypto coin or token.    

Your lack of knowledge is embarrassing.

 

Oh please. You're always alluding to your arguments, but when anyone takes seriously the endless urls you post they get a social cripple explaining how some piece of tech works, with abso*uckinlutely no relevance whatsoever to the issue at hand. 

 

All your distinctions are only for aficionados - a.k.a. people who want to argue whether Tweedledum is better than Tweedledee. The "distinction" you mean to draw between the precise onanism you favour, and other forms of self-abuse, is a distinction without a difference. If these "currencies" are for paying for things then they're s*it. So your adolescent fascination with their differences is meaningless next to the characteristic they share in common - they're rubbish at what they're supposedly for. 

 

You've slid all over the distinction between the possible IT applications of technology for business purposes, and the sense in this technology providing the basis for a kiddy-on currency. I've tried for pages to get you to see that, and to see that if the former exists it has existed for at least twenty years, and any super-normal wages it puts into the hands of workers, or super-normal profits into the hands of companies, will be quickly bid away by competition. 

 

In case it has escaped your notice - no, it has escaped your notice - this entire thread is, "Cryptocurrency - would you consider investing?" 

 

Go. I tire of you now. 

 

 

Waffle waffle waffle.....  

You are quite unbelievably ignorant.   

Blockchain technology, crypto currencies and crypto tokens are here to stay.    Whether you understand how they work, or whether you accept them or not is moot.    

I'm no longer interested in helping you understand the massive benefits and impact this is going to have on all aspects of business and life.

 

[Craig krup]

6 minutes ago, seancbk said:

 

You said, in the message I quoted "Nobody can explain to you what need cryptocurrencies meet"   

So I posted links with a real world use case, developed and tested by IBM and a group of banks. 

If you are too stubborn to read it and you don't understand that Global Trade Finance is a very large and important use case for blockchain then you are orders of magnitude more ignorant than I was starting to think.


 

 Oh, no, no, no, no, no, no. Did I mention, "No"? Established providers might be able to use blockchain to meet some of their business needs. That has sod all to do with cryptocurrencies. 

 

So there's no doubt left, is there? None. You slide - and you do it right here in the piece quoted - between "..what need do cryptocurrencies meet.." and global finances "..important use..for blockchain". 

 

There is, M'lud. That's the cause admitted, M'lud. 

 

You don't even see that you're doing it. F-F-S. 

 

 

[Craig krup]

3 minutes ago, seancbk said:

 

Blockchain technology, crypto currencies and crypto tokens are here to stay.
 

And if we ever get the drugs promised in "Lawnmower Man" we'll be able to get you to see that you've three things here, and - just as they're presented by you - they constitute a jobby sandwich. 

 

You're like your wee pal. You can't see that if blockchain has a use (which it certainly does) then that doesn't mean that cryptocurrencies make any sense. 

 

You've never thought about what money is because you're too far up your tech jargon fundament to see why understanding money might be necessary to understand the cryptocurrencies. Hint - the clue is in the name. 

[Andaman Al]

6 minutes ago, seancbk said:

Blockchain technology, crypto currencies and crypto tokens are here to stay.    Whether you understand how they work, or whether you accept them or not is moot.    

As long as you understand that when Trump starts flinging nukes around and we get a couple of exoatmospheric bursts which will give off huge magnetic pulse (or indeed a raging period of strong  sun storm activity - long over due! ) then most of the internet and all your bitcoins will disappear. Unless of course you take whatever you have the coins stored on and keep it inside a faraday cage. When Trump presses that first button on the nuke cruise heading into Iran how will you actually cash in your gazillions before they are worth nothing? And when the internet eventually comes back on after the nuclear winter - then ...... reset !

[seancbk]

28 minutes ago, Craig krup said:

37 minutes ago, seancbk said:

 

Blockchain technology, crypto currencies and crypto tokens are here to stay.
 

And if we ever get the drugs promised in "Lawnmower Man" we'll be able to get you to see that you've three things here, and - just as they're presented by you - they constitute a jobby sandwich. 

 

You're like your wee pal. You can't see that if blockchain has a use (which it certainly does) then that doesn't mean that cryptocurrencies make any sense. 

 

You've never thought about what money is because you're too far up your tech jargon fundament to see why understanding money might be necessary to understand the cryptocurrencies. Hint - the clue is in the name. 

 

Are you drunk?

You agree blockchains have a use..... that is a start at least.

Do you understand that all blockchains have a token?   And *some* of those tokens (bitcoin for example) are cryptocurrencies, but certainly not all.  

Can you get your head around that all crypto currencies and tokens are traded on the crypto markets?   Which is completely separate to their intended real world use, but the trading is based on their future potential.

Although a lot of people do use crypto currencies as 'money' the blockchains (including Bitcoin which has been around since 2009) are not really ready for mass adoption.    Bitcoin is still being developed, you can use it now but it most likely won't be ready for mass adoption for several more years.

When the issues with Bitcoin and other blockchain projects are solved (ie we reach their future potential) the mass adoption will occur and the value of one Bitcoin will be significantly higher than it is now.    But we are talking 5 years or so from now.  

In the meantime people will trade crypto the same as they trade stocks, pork belly futures or any other tradeable asset class.

I know it's a lot to try to wrap your head around but do try.   You could of course stop being so stubborn and do what intelligent people do and spend weeks or months researching the subject so you might understand why so many smart people all over the world are involved in the cryptosphere.

Except I doubt you will because you are clearly so much smarter than all those experts.   

 

[seancbk]

37 minutes ago, Andaman Al said:

As long as you understand that when Trump starts flinging nukes around and we get a couple of exoatmospheric bursts which will give off huge magnetic pulse (or indeed a raging period of strong  sun storm activity - long over due! ) then most of the internet and all your bitcoins will disappear. Unless of course you take whatever you have the coins stored on and keep it inside a faraday cage. When Trump presses that first button on the nuke cruise heading into Iran how will you actually cash in your gazillions before they are worth nothing? And when the internet eventually comes back on after the nuclear winter - then ...... reset !

 

Not going to happen.   If it did, however, the last thing that is going to matter is how much money anyone had.

[bearpolar]

7 hours ago, Kieran00001 said:

 

Yeah, and no one lost anything on that one in 2001, the dot com stocks only lost $5 trillion dropping 78%.

And guess what? While turdfarts were saying every dotcom innovation was a scam, the venture capital firms were buying that shit for pennies on the dollar

 

and they made a fortune when it all went back up(when people that didnt understand dotcom gave up on their investment.)

[Hummin]

7 minutes ago, bearpolar said:

And guess what? While turdfarts were saying every dotcom innovation was a scam, the venture capital firms were buying that shit for pennies on the dollar

 

and they made a fortune when it all went back up(when people that didnt understand dotcom gave up on their investment.)

And guess who lost on dot.com? 

 

No doubt future will see new payment systems, but being pioneer in such grey area, I can leave for those who is willing to take the risk. I have no need to play invester in such things, but Im interested in trying to keep my values, and hopefully manage to have a bit more, but as I say, you never know when shit hits the fan. 

Edited May 2, 2018 by Hummin

[Kieran00001]

1 hour ago, bearpolar said:

And guess what? While turdfarts were saying every dotcom innovation was a scam, the venture capital firms were buying that shit for pennies on the dollar

 

and they made a fortune when it all went back up(when people that didnt understand dotcom gave up on their investment.)

 

52% of companies effected went bankrupt, those that don't understand seem to think it was just some sort of temporary set back, it took years without more venture capital investment for many of these firms to go under, there was no rush to buy up companies who had millions shaved off their values, they had to prove themselves and those that were actually profitable eventually caught the investors interest again, if what you claim was true, that they were bought up at pennies to the dollar, then there wouldn't have been a crash, it would have recovered, but it didn't, it went down for years after the crash, the investors knew that not all of them could make it, however you seem to think they all could have if people had of just had faith, it couldn't be further from the truth, it was a bubble, they were overvalued, the bubble burst and people lost their money.   Crypto currency is dependent on people having faith in over value, it isn't going to work, that is obvious because people fear losing their money and as there is nothing behind these currencies to value there is no value and so when people start to feel the fear there is nothing at all to stop them crashing all the way to zero value, their true value.

[bartender100]

6 hours ago, Andaman Al said:

As long as you understand that when Trump starts flinging nukes around and we get a couple of exoatmospheric bursts which will give off huge magnetic pulse (or indeed a raging period of strong  sun storm activity - long over due! ) then most of the internet and all your bitcoins will disappear. Unless of course you take whatever you have the coins stored on and keep it inside a faraday cage. When Trump presses that first button on the nuke cruise heading into Iran how will you actually cash in your gazillions before they are worth nothing? And when the internet eventually comes back on after the nuclear winter - then ...... reset !

If you think Trump has his finger on any nuclear button, you are more crazy than he is

 

He is more likely to get the Nobel Peace award

[phycokiller]

11 hours ago, Craig krup said:

Okay, tell us your assumptions that underpin the claim that it's worth $9,000, or $90, or $9, or $9m?

 

I've told you why I think it's worth zero. It's a bad way to exchange goods and services, and if it wasn't bad new entrants could do it much better. That's my claim. It doesn't function as a currency. Currencies exist in sovereign territories, they're legal tender, governments ask for their taxes in them, and so act to preserve their value. Bitcoin isn't a currency. That's my argument. That's why I think it's worth zero. What assumptions do you make - aside from today's supposed fact that some numpty will give you more than zero - that it's fundamental value is worth more than zero? I should pay $9,000 for a Bitcoin because Bitcoin lets me do what - exactly - that $9,000 doesn't let me do?

 

You've no willingness to think, and the fact that you've got equally thoughtless support changes nothing. Misery loves company, but stupidity loves a mob.  

werent you the guy that says the market can remain irational longer than you can remain solvent? I can tell you exactly what its worth. $9200 at the time of writting. You can say its worth zero as much as you want, you can say the sky is yellow with polka dots as well but its hard to have a discussion if we just make up our own facts as we go along

[Hummin]

1 hour ago, bartender100 said:

If you think Trump has his finger on any nuclear button, you are more crazy than he is

 

He is more likely to get the Nobel Peace award

Why I have no option to delete my post? 

Edited May 3, 2018 by Hummin