Bitcoins - fad or trend?

Discussion of all things crypto and blockchain.
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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Wed Jul 10, 2019

deal :thumbup:
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Re: Bitcoins - fad or trend?

Postby jcz1 » Thu Jul 11, 2019

Trump not a fan - will this help or hurt the price of BTC, or more likely not matter at all?

President Donald Trump took some time out of his evening to tweet about cryptocurrencies today, announcing to the world that he is “not a fan” of Bitcoin and other cryptocurrencies because their “value is highly volatile and based on thin air.”

In a series of tweets, Trump expanded on his thoughts on crypto, saying Facebook’s newly announced Libra virtual currency “will have little standing or dependability,” and that the company should seek a banking charter and be regulated like any other traditional financial institution.
...
Naturally, Trump ended his crypto fireside chat with some trademark, nationalistic confidence in the United States Dollar. “We have only one real currency in the USA, and it is stronger than ever, both dependable and reliable. It is by far the most dominant currency anywhere in the World, and it will always stay that way. It is called the United States Dollar,” he wrote.


https://www.theverge.com/2019/7/11/2069 ... book-libra

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu Jul 11, 2019

jcz1 wrote:Trump not a fan - will this help or hurt the price of BTC, or more likely not matter at all?


What did you expect him to say? I can't wait for Facebook to take over as the new global reserve currency? But I like Bitcoin better than Libra?

Of course he is going to make these type of comments. But unless the US is banning bitcoin.... it's like the honey badger! We keep on trucking.
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Re: Bitcoins - fad or trend?

Postby jcz1 » Fri Jul 12, 2019

SilverDoge wrote: But unless the US is banning bitcoin


Don't give him any ideas! He really likes his Executive Orders. :lol:

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Fri Jul 12, 2019

Jared shorted BTC and told Trump to say that.

Seriously, I think he's clueless on the subject and he was just reacting to Powell. I don't give it any weight, and the market doesn't seem to either. It did seem to react to Powell earlier, though.

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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Sun Jul 14, 2019

Regarding the president's attack on crypto, a lawyer who describes himself as a lifelong Republican and Trump supporter said he doubts Trump has any knowledge of or opinions about crypto. Others fed him quotes to send out on Twitter. Preston Byrne goes into detail, but sums it up thus:

I don't think the President wrote [the tweet]. This is more likely coming from the Treasury Department - that'd be Secretary Mnuchin - and at the behest of the banks.


If this Trump fan is right, and I suspected as much when the tweets first came out, people like Jamie Dimond have succeeded in weaponizing the president's tweets.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Jul 17, 2019

Hey guys, I've been off live a few days. Ill catch up in a couple. Give a old man a break. Thanks.
Gentlemen prefer Engelhard.


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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Wed Jul 17, 2019



this was interesting

:pop:
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Rik Bitter
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Re: Bitcoins - fad or trend?

Postby Rik Bitter » Wed Jul 17, 2019

A month back when silver was down and Bitcoin was going "I'm an idiot" I was seriously considering unloading a crap-ton of silver and jumping into BTC in a big way. Fortunately, I was able to resist and stick to my plan of slow, steady Bitcoin and PM acquisition. Now the trends have reversed and I want to sell my crypto for Ag. Emotions are powerful and were better for them, but they don't always make the best decisions.

Always have a plan and for cryin out loud, stick to it... unless, of course, it's a bad plan.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Thu Jul 18, 2019

2019 Bitcoin Conference. Snowden. 40 Minutes
Gentlemen prefer Engelhard.


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Brick's
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Re: Bitcoins - fad or trend?

Postby Brick's » Thu Jul 18, 2019

grantwoodisgold wrote: <snip> this was interesting

:pop:


Agreed. Very interesting.
"Those who can make you believe absurdities can make you commit atrocities" Voltaire

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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Thu Jul 18, 2019

the chick in this vid did a fine job represent'n :thumbup:

"SAUSAGE FLAVORED MEAT PELLETS, GRADE D BUT EDIBLE"
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Fri Jul 19, 2019

Authorities arrest Silk Road criminal, seize nearly 2,000 Bitcoin
https://finance.yahoo.com/news/us-authorities-seize-19-million-114012666.html

I applaud this. The more bad actors removed from the crypto space, the better. What I oppose is the idea that Bitcoin should be banned because it can be used for nefarious purposes. What's the most common currency used in the commission of crimes? It ain't Bitcoin. It's the U.S. dollar. Maybe we should ban the U.S. dollar.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Fri Jul 19, 2019

Long John wrote:What I oppose is the idea that Bitcoin should be banned because it can be used for nefarious purposes. What's the most common currency used in the commission of crimes? It ain't Bitcoin. It's the U.S. dollar. Maybe we should ban the U.S. dollar.


At 17 minutes into this video, he shows that Mnuchin claims with a straight face that cash isn't successfully used for nefarious purposes... :roll: Talk about no credibility.

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sun Jul 21, 2019

Gentlemen prefer Engelhard.


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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Mon Jul 22, 2019

"SAUSAGE FLAVORED MEAT PELLETS, GRADE D BUT EDIBLE"
"Better 1 or 2 years early than 1 day late"

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Long John
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Fear, Uncertainty, Dumbness

Postby Long John » Mon Jul 22, 2019

Are we just making stuff up now? This article was posted this afternoon:

https://finance.yahoo.com/news/bitcoin-cracks-below-10-000-161638507.html

It claims Bitcoin plunged to less than $9200. Well, BTC did have a dip earlier, but as of the time I write this the lowest point was about $10,220. A grand higher than the article claimed.

Either it was an old article dredged up and reposted with a date of July 22 and no disclaimer, or it's just plain old fabrication. Either way, the goal seems to be making the casual follower think BTC is much worse off than it is, so SELL NOW! Or even BUY NOW! Fake news and manipulation either way.

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Rik Bitter
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Re: Fear, Uncertainty, Dumbness

Postby Rik Bitter » Mon Jul 22, 2019

Long John wrote:Are we just making stuff up now? This article was posted this afternoon:

https://finance.yahoo.com/news/bitcoin-cracks-below-10-000-161638507.html

It claims Bitcoin plunged to less than $9200. Well, BTC did have a dip earlier, but as of the time I write this the lowest point was about $10,220. A grand higher than the article claimed.

Either it was an old article dredged up and reposted with a date of July 22 and no disclaimer, or it's just plain old fabrication. Either way, the goal seems to be making the casual follower think BTC is much worse off than it is, so SELL NOW! Or even BUY NOW! Fake news and manipulation either way.


Someone screwed up. Those numbers jive if were talking about July 17th. Today (and the date on the story) is July 22 and the 24 hour chart shows only a mild sub-500 point swing.
I'm down to the last few pieces to complete my YPS collection:
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Also any pieces with serial #17 & 18s. Please contact me if you have any of these for sale.


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Walkabout
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Re: Bitcoins - fad or trend?

Postby Walkabout » Mon Jul 22, 2019

I have read about half a dozen websites on private keys, wallets, and cold storage and I still don't understand. Is there a place thay explains it for people like me who
A, do not care about computers and tech
B, do not want to know about computers and tech.

I just want my bitcoin.

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Walkabout
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Re: Bitcoins - fad or trend?

Postby Walkabout » Mon Jul 22, 2019

Maybe bitcoin would be $100,000 if more people could understand it.


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