Nah

Buck Compton said:

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Bitcoin and blockchain technology are not synonymous. Bitcoin is the application of blockchain technology (aka a distributed ledger) with regards to a new fiat money. Has also been called cryptocurrency.

The publicly traded price of bitcoin that you trumpet is not an investment in blockchain but rather its specific application as an alternative, anonymous currency.

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At least someone else here gets it.

Nah

Please stop posting. Let this thread die.

ZoneClub said:

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Please stop posting. Let this thread die.

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This. Every time you post it brings it back to the top and resets the clock, as it were.

8 months later, $4k/bitcoin

How much money have you made in bitcoin?

Jon H. Ryan said:

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How much money have you made in bitcoin?

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Not much on BTC ... but made $2MM off $25k investment in Veritaseum (VERI) ico in May ... and about $300K on Populous (PPT) ico in June ... these will both be worth hundreds of millions in a couple of years and both have residual income as you hold or rent the tokens ... Populous is taking over accounts receivable invoice factoring on the blockchain ... Veritaseum will take away the hedge fund business from Goldman Sachs et al and they have already signed the Jamaican Stock Exchange to a MOU (memorandum of understanding) that begins on August 29th ... begin following @ReggieMiddleton on twitter if you want to learn ... any of you do Slack? ... go to Populous Slack to keep up


This is the future ladies and gents ... it's 1994 all over again and you can get in on the FANGs of cryptoworld .. if nothing else, invest in bitcion BTC and litecoin LTC as the debt based fiat system dies.

BTC will be @ $13K per bitcoin by next February

In case some of you have never even seen this:

https://coinmarketcap.com/

Dang, how do you scout what you want to buy?

DallasAggie0 said:

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Dang, how do you scout what you want to buy?

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https://www.halfpasthuman.com/


... among other things ... best $99 you will ever spend

If you're more of a BTC guy/gal (compared to other cryptos), Trace is your advocate:

Thanks I'll check that out. Just curious, what trading platform do you use?

A little technical for newbies but just try to get the main ideas such as "this is 1995 all over again"

Glendale,
How do you see these types of hacks disrupting trust in cryptocurrencies?

https://betanews.com/2017/07/25/veritaseum-cryptocurrency-loses-8-4-million-in-ico-hack/

Also, how did this happen? The whole purpose of block chain is a decentralized "unhackable" ledger.

Chase,
Not all blockchains are made equal, nor do any of them have the security that bitcoin currently enjoys (mining power).

More ICO's will likely be "hacked" whether socially engineered or thru coding flaws.

The ICO is about 10 months old as a function, there is ro to improve.

Check out @cburniske's Tweet:

Check out @cburniske's Tweet:

Check out @cburniske's Tweet:

Check out @cburniske's Tweet:

Check out @cburniske's Tweet:

Check out @cburniske's Tweet:

Ahhh, the classic, "it's different this time" line.

https://cointelegraph.com/news/ico-funds-pass-vc-funding-filecoin-adds-more

Posted this on the other crypto thread


Bix Weir is a good guy to follow each day on his YouTube channel and website www.roadtoroota.com

He's in his mid-50's so he can talk your language if you're hitting middle age and this is all new to you






Good luck!

wheelskjm said:

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1/ Mashup of @Google Search trends for #bitcoin & the price of $BTC. pic.twitter.com/wXvKA9SzP8

— Chris Burniske (@cburniske) August 12, 2017

2/ An increasing price drives interest in #bitcoin
That interest further drives the price of $BTC.
A virtuous Satoshi cycle 😊

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

3/ The virtuous Satoshi cycle can overheat though, as @Google Search activity divorces from its tight tango w/ #bitcoin's price.

— Chris Burniske (@cburniske) August 12, 2017

4/ The 3 peaks in @Google Search trends were accompanied by 3 of #bitcoin's 6 price bubbles. pic.twitter.com/HmYYms55dk

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

5/ I define a #bitcoin bubble as a period where price doubles (or more) in a 30-day period. As $BTC nears $3,800 we are up 70% in 30 days

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

6/ After every bubble there's a crash
In those 3 periods #bitcoin's drawdown:
June 2011 peak to trough: -93%
April 2013: -71%
Nov 2013: -85%

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

7/ Those were *very* different #bitcoin markets though, with thin liquidity, fragile exchanges, and a fraction of the users & investors.

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

8/ I don't expect as severe a 📉 in #bitcoin's price & we haven't reached my definition of a $BTC bubble, but these are things to be aware of

— Chris Burniske (@cburniske) August 12, 2017

Check out @cburniske's Tweet:

10/ ps: lots of these stats on #bitcoin bubbles came from the book ➡️ https://t.co/EIJtzJdA7T

— Chris Burniske (@cburniske) August 12, 2017

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Still good data, 6 years later.

Was it the bitcoin standard that did you in? Or what was the eureka moment?

Adverse Event said:

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Diggity said:

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I've given you some crap on here wheels but there's nothing wrong with being a fanboy.

Keep up the good fight and in five years you can bump this thread and make us all look as silly as the guys predicting the demise of Netflix.

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Has it really been nearly 7 years from this thread?

Didn't realize zoneclub turned into justpanda.

Wonder what everyone thinks about bitcoin. I'm pretty sure some of the original naysayers are part of our texags bitcoin group now.

Good times. I miss wheelskjm.

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but why...all he seemed to say was "nah"

Adverse Event said:

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Was it the bitcoin standard that did you in? Or what was the eureka moment?

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That's a good question. The Bitcoin Standard was definitely the catalyst. There are a few podcasts that really got the flame going. Lex Fridman and Michael Saylor, Lex Fridman and Saifedeen Ammous, and one of the many interviews Saylor does from his living room sealed the deal.

I've had a goal of how many Bitcoin I want to own and how many shares of MSTR I want to own. I accomplished the Bitcoin goal and am close to the MSTR goal.