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BIT COIN (S)

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bobbydigital said:
“It essentially offers a decentralized ledger of all transactions across a network: When a transaction occurs, everyone on the network knows about it. It’s tamper-proof and virtually instantaneous. This has real disruptive implications for the financial industry, which today uses other processes to keep records for asset transfers and more.”

I just ripped that from here

https://www.pwc.com/us/en/financial-services/research-institute/blockchain.html

But the ability to follow all details of a product through from the earliest part of the supply chain right through to sale will be very helpful for numerous reasons.
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Why would most people find that desirable?

I can't see why having a transparent ledger is going to be something any private individual is going to want.
 
orly said:
Well, you say it here mate



working a year back from the times you gave us from your purchases.



Again - I'd be interested to see what the trading volume looked like at those prices.



Ah - we are getting to the question now; what fuels your confidence that BitCoin will continue to rise at such a fantastic rate? What really underpins that confidence?

I've seen it suggested that the current fuel for the bitcoin rise is that 'people are now seeing it as a legitimate alternative to standard currency'. Then why sell it now? In 5-10 years time when fiat currency loses all of its intrinsic purchasing value, you'd still be the holder of decent currency. Or perhaps they've invested EVERYTHING in to BitCoin, so they need to cash out to 'survive on a day to day basis, to pay the bills, rent, mortgage etc.' as you say. So currently you've got a currency that can't be used to pay bills, pay rent, pay the mortgage, buy food... but it still worth 12,000 x the US Dollar.

Seems absolutely mad to me
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Or it's because they'll quickly lose that wealth in transaction fees should they actually use it as a currency.
 

Efcjake said:
It hasn't mate.
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Everything is a bubble, because the fiat supply is endless. Back in February 2016, the stock markets crashed 25% and that was enough to turn on the taps, you could almost see it happening. Next time it will be 10%, we probably won't even notice it now, just endless nods from Carney and his ilk. Endless schemes. There were dozens of Roman emperors and they all debased the coins of their silver and gold content. Each time a little bit less. Exactly what has become of fiat.

Once you have 1 Bitcoin you have 1 Bitcoin. That's it. Nobody's taking it from you, nobody is debasing it, nobody is offering it to plebs through housing subsidies.

It's a bubble yes, because the $$$ is going to become worthless. But you will always just have 1 BTC. It hasn't really moved anywhere, and you keep your wealth.

And we have now hit 10k gbp
 
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Kev The Rat said:
Once you have 1 Bitcoin you have 1 Bitcoin. That's it. Nobody's taking it from you, nobody is debasing it, nobody is offering it to plebs through housing subsidies.

It's a bubble yes, because the $$$ is going to become worthless. But you will always just have 1 BTC. It hasn't really moved anywhere, and you keep your wealth.
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You say nobody is debasing it but it's value is in constant flux and tied to nothing remotely tangible.

You always have your one Bitcoin but it's value is constantly relative because that's how currency works. It's a symbol for exchange representing value. If that value is in constant flux then your one Bitcoin can have more or less value on any given day and you're now at the mercy of a speculation market rather than a government giving out handouts.
 
Kev The Rat said:
Yes FOMO but also don’t underestimate the general publics fear and hatred of fiat

Looks like 10k gbp is less than an hour away
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The general public doesn't hate and fear its own currency Kev, that is complete nonsense. American markets for example revere the power of the dollar.

You've been completely incapable of making a case for the sustained growth projections you talk about beyond "it is a flavour of the month" rush, which is why your 50k by next winter is currently - and with a wonderful irony - completely baseless
 

length of time to move past various milestones

  • $0000 - $1000: 1789 days
  • $1000- $2000: 1271 days
  • $2000- $3000: 23 days
  • $3000- $4000: 62 days
  • $4000- $5000: 61 days
  • $5000- $6000: 8 days
  • $6000- $7000: 13 days
  • $7000- $8000: 14 days
  • $8000- $9000: 9 days
  • $9000-$10000: 2 days
  • $10000-$11000: 1 day
  • $11000-$12000: 6 days
  • $12,000-$13,000: <1 day!
 
orly said:
The general public doesn't hate and fear its own currency Kev, that is complete nonsense. American markets for example revere the power of the dollar.

You've been completely incapable of making a case for the sustained growth projections you talk about beyond "it is a flavour of the month" rush, which is why your 50k by next winter is currently - and with a wonderful irony - completely baseless
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the power of the dollar lol. You sound like a banker
 
Kev The Rat said:
length of time to move past various milestones

  • $0000 - $1000: 1789 days
  • $1000- $2000: 1271 days
  • $2000- $3000: 23 days
  • $3000- $4000: 62 days
  • $4000- $5000: 61 days
  • $5000- $6000: 8 days
  • $6000- $7000: 13 days
  • $7000- $8000: 14 days
  • $8000- $9000: 9 days
  • $9000-$10000: 2 days
  • $10000-$11000: 1 day
  • $11000-$12000: 6 days
  • $12,000-$13,000: <1 day!
Click to expand...
And? What's your point there keV?
 

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