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  • Crypto Currency - Believers Only

Definitely buckets of bronson now Vin!

can’t believe I bailed out at 2 cents

    Was fast asleep for the peak overnight, and looks like it’s coming back down a bit now. TBH, had always planned to leave it in for a few months to see where it goes…

    Elon tweeted about it again after the world of Twitter begging him!

    Pumped it into orbit, 500+% gains in 24hrs.

    There are some rich people out there. I completely fucked up and only made a pittance in the end but exciting to watch and be part of none the less.

      Yeah doge is a movement more than anything. Picking up a lame duck crypto and pumping it to the max.

      This is just pump and dump dressed up as activism.

      Elon as just changed his bio to #Bitcoin on Twitter!

      Tesla capital ready to flood in!

      get stuck in.

      10 days later

      Pretty happy a couple of weeks on. Currently running at c. 8x my initial buy in. Resisting the urge to cash out…

      Has everyone seen the news?!

      Tesla just pumped $1.5Billion into Bitcoin and will shortly be accepting payment for their products in it too!

      Ironic that a Model 3 is now less than 1 Bitcoin, what a pump!! Insane.

      crypto is going mainstream, I say it again, get involved now.

        Hursty here’s an honest question … what’s the practical use case for bitcoin? it’s slow when there are a lot of transactions, expensive to transfer, the value fluctuates wildly, and it’s a technical nightmare for anyone who isn’t technically inclined. i get it as a speculative asset, it makes zero sense to me as currency. maybe other forms of crypto will solve those issues, but it won’t be bitcoin unless i’m missing something.

            303abuser
            I know a few people who work in shops and they say the amount of people who ask if they accept bitcoin as payment is more a lot more popular these days.

                303abuser Bitcoin is just an investment asset now IMO like gold. Storage of value.

                Alt coins are where usefulness comes in and b smart contracts which leverage existing blockchains like Ethereum.

                    Dubman i’m sure that’s true, but it doesn’t work, that’s the problem. i haven’t really paid attention this time, but during the bull run 3 years ago, transactions were taking 1-2 days to confirm in some cases. that’s a long time to stand in a store to buy milk. forget that if you get a digit wrong on the wallet you’re sending to, your money is permanently lost with no recourse. and that’s not even considering things like sim hacks, spoofing, etc.

                      The reason why bitcoin won’t go mainstream is no one can explain or understand it.

                      Smoke and mirrors.

                        Hursty blockchain tech makes perfect sense, but how is bitcoin a store of value if it fluctuates 90% down and back again every two years? i understand the scarcity argument and i’m really just playing devil’s advocate here, but it’s too easy to manipulate as elon has demonstrated. if one person can move the price this easily, what happens when (i know it’s already happening) institutions decide to move the price at will?

                            Smallman1 exactly. i understand it at a basic level after a ton of reading. the average person on the street is never going to come to terms with things like cold storage and irreversible, slow, expensive transactions.

                              Until I can pay for my Greek yoghurt and strawberries in Waitrose with it, I won’t believe it’s going / gone mainstream.

                              303abuser All valid questions I cannot fully answer, all I’m saying is the latest 3rd gen cryptos are being designed for the future in sustainable and ethical ways which are not reliant on power consumption but consensus protocols.
                              The key players are hiring top financial directors as their CFOs with the aim of integrating and regulating the use of blockchain technology for financial use.
                              This year is the perfect to get involved, just a tiny bit of investment and research is massively
                              beneficial in many ways.

                              You don’t need to understand it Ed, at the end of the day a currency has value and if a vendor accepts it that’s all you need to care about.

                              The Tesla news story is now right up there in mainstream media.

                                  Hursty well we’re obviously going to find out, but i’m not sold on crypto as a store of value. blockchain tech seems to have great applications, which is why i was holding etherium, i just don’t think the rest of this is anything but big money taking advantage of an easy to manipulate market.

                                  Hursty You don’t need to understand it Ed, at the end of the day a currency has value and if a vendor accepts it that’s all you need to care about.

                                  this is the part i don’t agree with. if you don’t understand very clearly how it works, you cannot use crypto safely. how many stories have there already been about hard drives being lost and keys forgotten? that’s with early adopters and people who are more tech savvy than average.