Anybody know what's up with Bitcoin lately ?
- Thread starter marketusa
- Start date
Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
- 7,253
Its just not as hyped up as it used to be, the media obsesses over certain things for months and months and then just moves to something else.
invictum777
Junior Member
- Dec 29, 2014
- 146
- 83
bitcoin is f"cking dead bro
nycdude
Power Member
- Oct 1, 2009
- 650
- 730
Intresting ... Silkroad was crazy and I loved browsing that site, never bought anything (No, really) but I enjoyed checking it out. Those tons of places you speak about, you know how to find them?
Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
- 7,253
But its still good for protection from lawsuits by helping to remain anonymous.
There were a few posted on here a while ago and I forgot to bookmark it. I found out about silk road from the mod section of a drug forum before it made the news. Most people dont' want to just post that stuff out in the open because that's when it's ruined.
Battleaxewarriors
BANNED
- Sep 18, 2013
- 438
- 335
I never touched bitcoin, i saw a youtube video about a company in china/korea/japan - They filled a whole warehouse with computers and minied bitcoins. I feel sad for those kind of people because we all know Bitcoin is going to fall.
I saw that too, they were probably smart enough to cash out most of their earnings.
Bitcoin derives its value from being pitched as a crypto currency with scarcity. Here's the problem: there's hundreds of crypto currencies. They all fulfill the same function as Bitcoin. Furthermore, there's no scarcity. As soon as Bitcoin is done being mined, do you assume that everyone will choose to use Bitcoin exclusively? Or will they also start using other Crypto Currencies?
The Bitcoin market is simply a speculation market. If you like to invest based on speculation, then go ahead. Personally, I like to invest in things I understand, and where I can control risk. Here, there's no control, only pure speculation.
Your speculation comment is spot on Bitcoin is a failure as an actual currency because people just use it to speculate
Nonilol
Elite Member
- Mar 1, 2015
- 1,959
- 825
oh - like seo? :banana:
bitcoin is less used nowadays, but far away from being dead.
deepweb cant exist without it
- Dec 13, 2010
- 4,875
- 3,317
The real question is will the BTC become mainstream and used as a way of payment or not.
But to me the maths don't add up. I see 3 scenarios possible.
1/ Bitcoin is used as a mainstream money, and used in big chains like mcdonalds or wallmart -> Price will raise because of it's rareness.
I see 3 majors problems here.
a) Who wants to pay is meal BTC 0.01 (suppose the price rise). Ok that's not a problem, but still can be
b) Who will control the taxes paid on that ? at what rate ?
c) How will stores adapt with the double accouting ?
d) Is the price of deploying this way of payment really necessary ? for what benefits ?
2/ A limited numbers of stores uses it (I think thats the case now) -> no raise, maybe slightly going down.
a) what real benefits it has for the shop owner ?
b) does the cost of putting the double accountability is really worth it ?
3/ No new stores uses it -> it will remain the same price and go down every new store closed or law against it.
But to me the maths don't add up. I see 3 scenarios possible.
1/ Bitcoin is used as a mainstream money, and used in big chains like mcdonalds or wallmart -> Price will raise because of it's rareness.
I see 3 majors problems here.
a) Who wants to pay is meal BTC 0.01 (suppose the price rise). Ok that's not a problem, but still can be
b) Who will control the taxes paid on that ? at what rate ?
c) How will stores adapt with the double accouting ?
d) Is the price of deploying this way of payment really necessary ? for what benefits ?
2/ A limited numbers of stores uses it (I think thats the case now) -> no raise, maybe slightly going down.
a) what real benefits it has for the shop owner ?
b) does the cost of putting the double accountability is really worth it ?
3/ No new stores uses it -> it will remain the same price and go down every new store closed or law against it.
lancis
Elite Member
- Jul 31, 2010
- 1,682
- 2,443
You see less of Bitcoin in the news, and it might make you think that the popularity is decreasing.
But things are moving forward under the surface. I joined a licensed sports' betting affiliate program about 3 months ago, that accepts payments in Bitcoins only, and was quite surprised by the number of sign-ups and the number of transactions.
I'm obviously not alone in the business, and the money earned goes partially to the service providers (such as hosting). Once more services join the loop that money will propagate further, and the micro economy might become a macro economy.
But things are moving forward under the surface. I joined a licensed sports' betting affiliate program about 3 months ago, that accepts payments in Bitcoins only, and was quite surprised by the number of sign-ups and the number of transactions.
I'm obviously not alone in the business, and the money earned goes partially to the service providers (such as hosting). Once more services join the loop that money will propagate further, and the micro economy might become a macro economy.
Vrill
BANNED
- Jun 16, 2013
- 380
- 374
Bitcoin is dead.
It lost its real purpose which was to flood uncontrolled USD from US government to countries like China/Russia etc to undergo their strong money control system.
Once they banned bitcoin because of that reason it was clear the US government wont invest anymore in bitcoins and that it could only go down.
Also maybe some people awakened and saw that bitcoin has no real value and is so easy to manipulate which is just horrible.
It lost its real purpose which was to flood uncontrolled USD from US government to countries like China/Russia etc to undergo their strong money control system.
Once they banned bitcoin because of that reason it was clear the US government wont invest anymore in bitcoins and that it could only go down.
Also maybe some people awakened and saw that bitcoin has no real value and is so easy to manipulate which is just horrible.
SuperTee
Regular Member
- Nov 25, 2011
- 216
- 123
durchi
Power Member
- Jun 25, 2013
- 582
- 202
Yea, try tracing where there coins went when they were mixed two times. I'm not aware of cases were government catched guys who wanted to stay anonymous while paying.Bitcoin is not anonymous. Not at all. Even if you try hard, it's not.
gazmo
Junior Member
- Jun 1, 2013
- 164
- 88
20 posts and so few of them are informed.
There are cases where government caught guys who wanted to stay anonymous while paying - and the guys caught are actually DAE officers.
Bitcoin was never supposed to be anonymous and hasn't lost any of its purpose.
Dark markets are alive and kicking.
In 10 years it will be all over the place, once someone makes it idiot-friendly. It is not a good investment though, it very well could be another cryptocurrency taking its place. So it is not a good investment, but its idea is as far from dead as it can be.
There are cases where government caught guys who wanted to stay anonymous while paying - and the guys caught are actually DAE officers.
Bitcoin was never supposed to be anonymous and hasn't lost any of its purpose.
Dark markets are alive and kicking.
In 10 years it will be all over the place, once someone makes it idiot-friendly. It is not a good investment though, it very well could be another cryptocurrency taking its place. So it is not a good investment, but its idea is as far from dead as it can be.