Godlike Productions - Discussion Forum
Users Online Now: 1,351 (Who's On?)Visitors Today: 166,474
Pageviews Today: 338,504Threads Today: 211Posts Today: 3,286
06:56 AM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates

 
Austin Buzz

User ID: 77951805
United States
02/18/2021 12:37 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Another casino for y'all. Have fun.

Meanwhile, society could use a sane, stable, non-corrupt banking and monetary system.
Anonymous Coward
User ID: 79627971
Canada
02/18/2021 12:38 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actually buy?
 Quoting: Dollar Bill Wick


You dont understand it. Just like the Internet in 1999 and Dot Com frenzy which turned people into millionaires

You missed out.


Bitcoin will never be .01
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $50000 <---You are here
Bitcoin will never be $100000
Crypto will never be adopted by retail (already has)
Anonymous Coward
User ID: 75993659
Canada
02/18/2021 12:40 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
The mania isnt with Bitcoin the mania is with Binance Coin.

Its gone up from ~$40 to nearly $200 in one month.

They are doing a massive pump and will be dumping when it hits $200.
Dollar Bill Wick

User ID: 77023595
France
02/18/2021 12:42 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actually buy?
 Quoting: Dollar Bill Wick


You dont understand it. Just like the Internet in 1999 and Dot Com frenzy which turned people into millionaires

You missed out.


Bitcoin will never be .01
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $50000 <---You are here
Bitcoin will never be $100000
Crypto will never be adopted by retail (already has)
 Quoting: Anonymous Coward 79627971


Great, thanks for the clarification and explanation. /sarc

You obviously have no clue about the nature of the question I asked, and you wouldn't recognize a valid answer if it was written for you, rolled up like a newspaper, and used to swat you on the nose.

derp2

Last Edited by Dollar Bill Wick on 02/18/2021 12:43 PM
Freelance Superhero with only a minor personality disorder. All my other personalities are just fine, thanks. Ignore him, no we aren't.

“You know why there’s a Second Amendment? In case the government fails to follow the first one.” - Rush Limbaugh
Anonymous Coward
User ID: 79627971
Canada
02/18/2021 12:43 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actually buy?
 Quoting: Dollar Bill Wick


You dont understand it. Just like the Internet in 1999 and Dot Com frenzy which turned people into millionaires

You missed out.


Bitcoin will never be .01
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $50000 <---You are here
Bitcoin will never be $100000
Crypto will never be adopted by retail (already has)
 Quoting: Anonymous Coward 79627971


Great, thanks for the clarification and explanation. /arc

You obviously have no clue about the nature of the question I asked, and you wouldn't recognize a valid answer if it was written for you, rolled up like a newspaper, and used to swat you on the nose.
 Quoting: Dollar Bill Wick



Whats a newspaper? You must be old.

Do you know what a Miner is? Miners add value to the currency. You dont understand it and never will...please keep being a slave to paper that is printed out of thin air
Anonymous Coward
User ID: 77287674
Canada
02/18/2021 12:51 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Go to your favorite search engine and search news for crypto. You can learn much this way. All the big banks, credit cards and even governments are getting on board.

Also research what you can spend crypto on. You will be surprised!

It's easy to turn crypto into PMS or FRNs as well.

The rules of currency are changing. Consider this an opportunity.
Anonymous Coward
User ID: 74950944
United States
02/18/2021 12:51 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
do you know that less than 0,5% of all bitcoin holders, own more than 90% of all the assets, bitcoins, total worth of the wealth

how do you plan to resolve this wealth inequality peepz?

gonna be a great society with a handful of people, hands owning almost all of them cruise

 Quoting: Anonymous Coward 78827164




well.. everyone had plenty of time to buy in.
Anonymous Coward
User ID: 78855404
United States
02/18/2021 12:53 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
 Quoting: Anonymous Coward 73534831


There is enough market cap in BTC now that it could be a large country's economy. As fiat fails, expect BTC to be a million or 10 million USD. Unless the economy transfers, a Big Mac will be 10k USD.

All money today is fake money including crypto but fiat is government/bank controlled. And they can dilute you or outright take it at any time. Unless they crack private keys, they can't touch crypto.

Another nail in the coffin for the USD - since it is fiat fake money, it is only backed by the confidence in the country and government. Since the US government is now communist, people will be fleeing USD like it is poison ivy.
Anonymous Coward
User ID: 17549267
United States
02/18/2021 12:53 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
 Quoting: Anonymous Coward 78855404


Yup, dollar will collapse, then what?
Anonymous Coward
User ID: 74950944
United States
02/18/2021 12:54 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
coinbase, binance etc websites and trading platforms will have outages once the collapse starts. so dont expect to be able to wait for the top then cash out once the collapse starts.
 Quoting: Anonymous Coward 79871996



Yeah no they wont.

And if the collapse happens the way you say, Gold and Silver will be worthless aswell
 Quoting: Anonymous Coward 79627971




technology has value. if you do not believe that, then try unplugging the worlds pcs or internet and see what happens to the world economy.

and unlike USD and gold, we are constantly upgrading technology.
Anonymous Coward
User ID: 79274923
United States
02/18/2021 12:56 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
 Quoting: Anonymous Coward 78855404


bingo-ni

Today our National debt is greater than our GNP. Adios FIAT just like the cars, crappy.
Anonymous Coward
User ID: 79627971
Canada
02/18/2021 12:57 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Not crypto mania. Fiat collapse mania.
 Quoting: Anonymous Coward 78855404


Yup, dollar will collapse, then what?
 Quoting: Anonymous Coward 17549267


Its obvouis A combination of Crypto and Precouis metals will be the only way to exchange goods and services


Crypto is better suited for this because it can be allocated proportionally but if the power grid is spotty, have both.
Anonymous Coward
User ID: 79627971
Canada
02/18/2021 12:59 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin will never be $1
Bitcoin will never be $100
Bitcoin will never be $1000
Bitcoin will never be $10000
Bitcoin will never be $20000
Bitcoin will never be $40000
Bitcoim will never be $50000 <--- You are here

The last 10 years of Bitcoins life according to retards
 Quoting: Anonymous Coward 73534831


There is enough market cap in BTC now that it could be a large country's economy. As fiat fails, expect BTC to be a million or 10 million USD. Unless the economy transfers, a Big Mac will be 10k USD.

All money today is fake money including crypto but fiat is government/bank controlled. And they can dilute you or outright take it at any time. Unless they crack private keys, they can't touch crypto.

Another nail in the coffin for the USD - since it is fiat fake money, it is only backed by the confidence in the country and government. Since the US government is now communist, people will be fleeing USD like it is poison ivy.
 Quoting: Anonymous Coward 78855404


Literally he doesn't understand. So that = bad. Just like the internet in 1998...You dont understand you miss out. This guy is missing out.
Anonymous Coward
User ID: 78349802
United States
02/18/2021 12:59 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Bitcoin is the major step into the total "command and control" digital economy.

When Goldman Sachs and JP Morgan (who literally ARE the Federal Reserve) is getting involved, you know a major paradigm shift is about to happen.

My guess is bitcoin is an intermediary step between cash and the total digital economy. There will be a new crypto, created and managed by the Fed Res/World Bank/IMF etc, that all the big players will jump ship to and bitcoin will crash, leaving those out of the loop of the "when" this transition comes penniless.

This is a good chance to make a quick buck while protecting your purchasing power if you stay on the ball and see where the wind is blowing. Because any way you cut it, the US dollar is done. Unsustainable. Inflation is already through the roof and only going to get worse. Money in a savings account is pointless.

Fact is, all the precious metals are gone. There will never be a "gold backed dollar" as it would inhibit the big players from continuing their scam. Gold and silver will rise in relation to the dollars drop, but there just isn't enough out there to cover the sheer amount of fiat dollars in circulation.

If you want to take the chance, this is the last opportunity to get into the crypto game before the prices become prohibitive. But be on the ball and know that a time will come where the transfer of wealth from bitcoin into "X digital currency" is coming. Knowing when to jump ship with the big players is key.
 Quoting: Anonymous Coward 43470531


So many words just to reveal yourself as the dipshit retard you are. Well done!

lol
 Quoting: Anonymous Coward 79847640


Do you honestly think the fed res is going to NOT keep the fiat game going? This is the transition from one scam to the next. I'm not making a moral judgement. I'm just telling you this whole thing is being managed by the same entities that created the fed res. If you think they are sitting back while new players are taking over their scam you're cookoo.

You have an opportunity to make a quick buck on the tails of the scam. Why not do it? I never said put your life savings into crypto and keep it there. It's a transition.
 Quoting: Anonymous Coward 43470531


You are one of the most sane bitcoiners I ever encountered. thumbs
Anonymous Coward
User ID: 79578855
Canada
02/18/2021 01:07 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
There's soo many people selling bitcoin it's nearly impossible to convert to cash.

[link to localbitcoins.com (secure)]
Anonymous Coward
User ID: 78855404
United States
02/18/2021 01:10 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
There's soo many people selling bitcoin it's nearly impossible to convert to cash.

[link to localbitcoins.com (secure)]
 Quoting: Anonymous Coward 79578855


If that were the case, why are they selling for 51k+? If they were hard to turn into cash, they would be selling for 20k or even 1k.
Anonymous Coward
User ID: 14384817
United States
02/18/2021 01:12 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Dollar bubble.

All things will rise in value in relation to USD.


Most will be enticed out of the most trustless decentralized asset to ever exist... for fiat dollars.

If you aren't 'cashing' out for that century old farm you desire, or commercial apartment building, you're going to sit in dollars?


Money isnt the end game. Deflationary currency can work by rewarding savers to who will except that IOU today, for more purchasing power later.


In a truly sound money economy deflation is simply the market-determined interest rate for an extremely low-risk loan that can be recalled at any time.
Anonymous Coward
User ID: 79871996
United Kingdom
02/18/2021 01:22 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
coinbase, binance etc websites and trading platforms will have outages once the collapse starts. so dont expect to be able to wait for the top then cash out once the collapse starts.
 Quoting: Anonymous Coward 79871996



Yeah no they wont.

And if the collapse happens the way you say, Gold and Silver will be worthless aswell
 Quoting: Anonymous Coward 79627971


Err yes they will. Are you new to coinbase or something? What happened in 2017 will happen again, coinbase will go down under the demand and high traffic, if you had not already cashed out, you'll be left holding the bag.
Anonymous Coward
User ID: 79513621
Belize
02/18/2021 01:27 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
coinbase, binance etc websites and trading platforms will have outages once the collapse starts. so dont expect to be able to wait for the top then cash out once the collapse starts.
 Quoting: Anonymous Coward 79871996



Yeah no they wont.

And if the collapse happens the way you say, Gold and Silver will be worthless aswell
 Quoting: Anonymous Coward 79627971


I don't know if you're just an ignorant or a real dipshit. With Silver you have a powerful medicine in hand. When you rot because of a bacterial infection, tell me again how worthless my silver is.
Anonymous Coward
User ID: 79627971
Canada
02/18/2021 01:30 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
There's soo many people selling bitcoin it's nearly impossible to convert to cash.

[link to localbitcoins.com (secure)]
 Quoting: Anonymous Coward 79578855


clueless

Anonymous Coward
User ID: 2492899
United States
02/18/2021 01:31 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 Quoting: Anonymous Coward 75583697


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
Anonymous Coward
User ID: 25051007
United States
02/18/2021 01:33 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
The NEED Act
Anonymous Coward
User ID: 79825478
United States
02/18/2021 01:33 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
don't you mean

TULIP MANIA???
Anonymous Coward
User ID: 80040453
Romania
02/18/2021 01:34 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
I have a secret to share. But you have to promise not to tell anybody.

(You can own Bitcoin and precious metals at the same time.)

The $2 bill is rare.
Anonymous Coward
User ID: 75532620
United States
02/18/2021 01:37 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
This - [link to media.notthebee.com (secure)]
Anonymous Coward
User ID: 79992277
02/18/2021 01:38 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 Quoting: Anonymous Coward 75583697


You can value anything in anything. Currently, gold is trading at a price of 35,000 squirrel farts.
 Quoting: Anonymous Coward 2492899


No you can value bitcoin in squirrel farts because like squirrel farts, bitcoin is nothing, it not even smells. On the other hand, especially silver has immense worth and can decide if you live or die. Of course if you value you're life at zero or nothing, then I agree Silver will be worthless for you.
The Rickest Rick Sanchez

User ID: 79987139
United States
02/18/2021 01:40 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actua
lly buy?
 Quoting: Dollar Bill Wick


So is Monopoly money and chocolate coins.

The massive difference you are overlooking is the length of the chain (which increases the security and reliability) and the network effect. BTC is essentially the largest computing power on the planet. The ability to store wealth on and use the network for secure transactions is what you are buying.

Joe Shmoes custom crypto is nowhere close just because he has a blockchain with 5 nodes.


And even disregarding all the technical stuff. It is worth it simply because enough people have agreed that it is. JUST LIKE USD. USD is backed by nothing but a threat of violence. Moving off the gold standard changed everything to faith based instead of tangible.

Bottom line - if you don't believe in it, don't convert any fiat into crypto. Nobody is forcing you (yet).

It's not necessary to piss on others who are happily using and trading it.
"I programmed you to believe that."

-"::"-"::"-"::"-

The Rickest Rick Sanchez comments are meant for entertainment purposes only and should not be construed to reflect the feelings and opinions, implied or expressed, of the author.
Anonymous Coward
User ID: 77271204
United States
02/18/2021 01:49 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
what happens when the electricity is gone for months, years? but i have all these keys, codes, right...
Anonymous Coward
User ID: 78349802
United States
02/18/2021 01:49 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Ill say it again. If crypto currency is to replace our worthless dollar, a question. If the bitcoin is worth $52,000 worthless dollars, isn't is value worthless? So if you think it will replace the dollar, how will you spend it? My guess, the bitcoin will not actually be used in transactions. Rather, A paper currency with bitcoin as its base will be used. Like silver and gold certificates at one time for the dollar. It was ill be odd as its value fluctuates wildly. So your $100 bitcoin certificate may drop or shoot up while standing in line to buy your groceries. It maybe a CC bitcoin account. Oh and BTW, how is its value determined? I realize the dollars value changes with economic cycles,inflation etc. However, you don't see 20-50% alterations over days. I smell a pyramid scam. Dip your bread in the gravy while its warm and bail. Or not. It just smells.
 Quoting: Anonymous Coward 75583697

^
Best post in this shill laden thread.
Anonymous Coward
User ID: 76594122
02/18/2021 01:55 PM
Report Abusive Post
Report Copyright Violation
Re: Bitcoin Keeps Hitting New Highs as Crypto Mania Accelerates
Other than finding another sucker to pay you $1 more than you paid for it, where is the value in BTC?
And don't say the "distributed ledger", or the "blockchain". Those are available for close to free in a million different places.
So what does your $52,000 actua
lly buy?
 Quoting: Dollar Bill Wick


So is Monopoly money and chocolate coins.

The massive difference you are overlooking is the length of the chain (which increases the security and reliability) and the network effect. BTC is essentially the largest computing power on the planet. The ability to store wealth on and use the network for secure transactions is what you are buying.

Joe Shmoes custom crypto is nowhere close just because he has a blockchain with 5 nodes.


And even disregarding all the technical stuff. It is worth it simply because enough people have agreed that it is. JUST LIKE USD. USD is backed by nothing but a threat of violence. Moving off the gold standard changed everything to faith based instead of tangible.

Bottom line - if you don't believe in it, don't convert any fiat into crypto. Nobody is forcing you (yet).

It's not necessary to piss on others who are happily using and trading it.
 Quoting: The Rickest Rick Sanchez


you don't get it, there is real worth and there is worth which people believe in. your belief in fiat or crypto is leading people directly into lala-land or being in lala-land people believe in fiat and crypto. you crypto-tards pose as fighters against the nwo and the current financial system, not realizing that you do not differ in any way. you search for 'riches' which have been defined by your 'makers', you are pumped to the extreme, in fact, YOU ARE THE BUBBLES.





GLP