Official Bitcoin & Cryptocurrency Discussion Thread

[Eff Pandas]

Lmao....



Why will it rise to 50k?

Amazon will rise because they are growing and a decade from now will have a trillion in revenue, in 30 years they will have trillions in revenue..

In 30 years bitcoin will only be worth what some idiot is willing to pay for it.

Just like a Ponzi scheme, unless you get new buyers to increase price, it collapses on itself..

Bitcoin does nothing while you hold it

Gold is used jewelry, etc while you hold it

Silver is used in electronics while you hold it

Stocks are ownerships of companies that grow and yield profits while you hold it


Land allows for rent income or shelter while you hold it



What does bitcoin or any alt coin do to have value, except for buying and selling while you hold it?



And now with their being over 1400 cryptos and bitcoins technology becoming outdated n slow, why would anyone invest in bitcoin long term instead of the other 1399 coins..

By 2019 there will be over 2500 cryptos..



And the Microsoft’s, apples, Amazon’s, jr Morgan’s, etc of the world will just create their own crypto just like Kodak did and the other 1400 cryptos, why would anyone need bitcoin, let alone pay 5k, 10k, 25, 50k (which is your prediction) for a worthless coin that’s only value is what you can sell it for..


NO INTRINSIC VALUE

We shall see.

[Sugar Adam Ali]

I love you are so stupid about this yet think you are so smart. Its like an SNL skit watching you speak about something you are clearly not as intelligent about as you think. I see Jon Lovitz playing you in my head. I know he's not on the show since forever, but thats my mental image.

http://spendbitcoins.com/places/c/car-dealers/

I literally could have bought something for 15k with one bitcoin on Friday..
Bank holiday, and by Tuesday it’s worth 13k, Wednesday at 10k..



These are great business men....

[Eff Pandas]

Well they are idiots..


I just bought a car for 18k, gave them a bitcoin, by the time they cashed the bitcoin, it’s price was 15k plus fees. So the company just lost 3k..


Great business men.. I wish I could be that smart..

Or they hang onto it for a couple months & its worth 20k more than it was at purchase.

[Sugar Adam Ali]

We shall see.

Why don’t you refute anything?


What does bitcoin do that has value?

How does value increase?


What happens to bitcoin when Microsoft, Apple, amazon, etc create their own just like Kodak?

What happens when bitcoin can’t get new investors to raise the price?


Why invest in bitcoin instead of the other 1399 alt coins?


I can tell you why to invest in a stock, but I’m an idiot..


You being so smart should be able to answer all these questions.

[Eff Pandas]

Why don’t you refute anything?

You keep bringing up irrelevant sh^t.

What does bitcoin do that has value?

What does the peso do that has value? Or any currency?

How does value increase?

There are many things that raise the value of a currency. Crypto or otherwise. Crypto is no different in that way, except crypto can't be regulated by a government & it tends to increase in value due to it having a finite number of coins.

What happens to bitcoin when Microsoft, Apple, amazon, etc create their own just like Kodak?

They'll become competitors with them. We already live in a world with 150+ currency's. And there are already gift cards & various point currency's with numerous businesses already so they are already here to some degree. There are gonna be many more currency's moving forward.

What happens when bitcoin can’t get new investors to raise the price?

Any currency that doesn't find users goes out of business. Same with USD or BTC.

Why invest in bitcoin instead of the other 1399 alt coins?

Why indeed. I know numerous people who specialize in Alt coins. I specialize in Alt coins in fact. There is no hard rule one can only invest in BTC.

I can tell you why to invest in a stock, but I’m an idiot..

Again why you keep bringing up stocks I'll never know.

You being so smart should be able to answer all these questions.

Oh why thank you, finally a compliment.

[Sugar Adam Ali]

You keep bringing up irrelevant sh^t.
No I bring up points that you ignore


What does the peso do that has value? Or any currency?

you are right, that’s why nobody invests in dollars n pesos, they invest in land, stocks, bonds, etc.. and not in crypto currencies

There are many things that raise the value of a currency. Crypto or otherwise. Crypto is no different in that way, except crypto can't be regulated by a government & it tends to increase in value due to it having a finite number of coins.

Name 3 reasons why crypto rises besides speculators driving the price up?
It can’t be regulated? Lmao, you don’t know government then. Wait till it is regulated and crypto can be shorted. It will be a bloodbath worse than the housing crisis.
And it’s not an “finite” supply if any company can start their own, it’s an infinite supply of crypto, and what happens when supply outgrows demand, prices plummet, and now what happens to crypto when it’s an infinite supply as everyday another crypto is created, and the demand can’t sustain the growth?

They'll become competitors with them. We already live in a world with 150+ currency's. And there are already gift cards & various point currency's with numerous businesses already so they are already here to some degree. There are gonna be many more currency's moving forward.

150 currencies all backed by an economy, gift cards aren’t crypto and a horrible analogy as nobody is bidding up a $20 gift card, why? Because it’s only worth $20.
Who cares about the 150 legit currencies, what about the 1400 and growing alt coins?

Any currency that doesn't find users goes out of business. Same with USD or BTC.

Which one do you think will stop having users first? The one that you can pay Uncle Sam with, or the one that’s “unregulated” and “free from 3rd parties” that you can’t pay Uncle Sam with?



Why indeed. I know numerous people who specialize in Alt coins. I specialize in Alt coins in fact. There is no hard rule one can only invest in BTC.

If you are a specialist, list your top 5 picks in cryptos and explain why they are better investments then the other 1395+ cryptos. I explain why a stock will go up all the time in the investment thread.

Again why you keep bringing up stocks I'll never know.

Because they are the best way to make money long term and the best investment vehicle besides maybe prime real estate



Oh why thank you, finally a compliment.

The bold..........

[Eff Pandas]

You keep bringing up irrelevant sh^t.
No I bring up points that you ignore

No you keep bringing up stocks like an insane person & none of that bs is really relevant.

What does the peso do that has value? Or any currency?

you are right, that’s why nobody invests in dollars n pesos, they invest in land, stocks, bonds, etc.. and not in crypto currencies

Again I think you keep trying to make a cryptoCURRENCY a product instead of a CURRENCY.

There are many things that raise the value of a currency. Crypto or otherwise. Crypto is no different in that way, except crypto can't be regulated by a government & it tends to increase in value due to it having a finite number of coins.

Name 3 reasons why crypto rises besides speculators driving the price up?

Please gfy with these pop quiz's.

It can’t be regulated? Lmao, you don’t know government then. Wait till it is regulated and crypto can be shorted. It will be a bloodbath worse than the housing crisis.

Oh how I'm tired of your ignorant usage of "Lmao" when you don't understand how something works & are so ****y with your ignorance.

Housing crisis...really? Okay.

And it’s not an “finite” supply if any company can start their own, it’s an infinite supply of crypto, and what happens when supply outgrows demand, prices plummet, and now what happens to crypto when it’s an infinite supply as everyday another crypto is created, and the demand can’t sustain the growth?

All cryptocurrency's aren't equal just like all world currency's around now are equal. Most of these currency's will fail.

They'll become competitors with them. We already live in a world with 150+ currency's. And there are already gift cards & various point currency's with numerous businesses already so they are already here to some degree. There are gonna be many more currency's moving forward.

150 currencies all backed by an economy, gift cards aren’t crypto and a horrible analogy as nobody is bidding up a $20 gift card, why? Because it’s only worth $20.
Who cares about the 150 legit currencies, what about the 1400 and growing alt coins?

Your like a ****y for no reason autistic kid. We could have a legit conversation, but you are drawn to be a douchebag.

No one said a $20 gift card is being bidded up. I'm saying its become a form of currency cuz people buy, sell & trade them just like various points that businesses give to their consumers.

Any currency that doesn't find users goes out of business. Same with USD or BTC.

Which one do you think will stop having users first? The one that you can pay Uncle Sam with, or the one that’s “unregulated” and “free from 3rd parties” that you can’t pay Uncle Sam with?

I think both will be around for our lifetimes. I suspect at some future date the US government, along with other governments, will accept BTC & other cryptocurrency's.

Why indeed. I know numerous people who specialize in Alt coins. I specialize in Alt coins in fact. There is no hard rule one can only invest in BTC.

If you are a specialist, list your top 5 picks in cryptos and explain why they are better investments then the other 1395+ cryptos. I explain why a stock will go up all the time in the investment thread.

LOL yea I wouldn't tell you how you could make a 1,000%+ ROI with all the charm you could muster. If you wanna see some of the sh^t I've talked about in the past & may or may not be in right now feel free to look at my past posts in this thread I'm sure I've mentioned 4 or 5 alt coins here & I bet if you look at the price of them the day I mentioned them they went up & are more than likely still up even with this recent downage.

Again why you keep bringing up stocks I'll never know.

Because they are the best way to make money long term and the best investment vehicle besides maybe prime real estate

Talk to me about that when that overdue stock market correction thats coming comes.

Although don't put me in the same class as you with thinking the stock market will continue on down, it'll rise back up, but many stupid mfers will be calling that a ponzi scheme in another 12-24mos when they lose 25%+ of their net worth.

But my point is the stock market & a currency don't operate the same. And I guarantee you crypto is a better ROI right now & will be til the ceiling on crypto is discovered. I had around a 20%-ish ROI in stocks & have a 4 digit ROI in crypto. And if I'd have not sold so soon I'd probably have a 5 digit ROI.

[Sugar Adam Ali]

No you keep bringing up stocks like an insane person & none of that bs is really relevant.


So you can’t explain alt coins and how they raise in value, even though you are a self proclaimed specialist

Again I think you keep trying to make a cryptoCURRENCY a product instead of a CURRENCY.

Products are bought for a purpose, a vacuum is bought to clean the floor. If crypto is a product and not a currency like you claim, what purpose does it provide? Can you name another product that rises in value after you buy it? What product appreciates and doesn’t depreciate?

Please gfy with these pop quiz's.

So you can’t answer elementary questions about the topic that you are a specialist in?

Oh how I'm tired of your ignorant usage of "Lmao" when you don't understand how something works & are so ****y with your ignorance.

I understand how it works, just like a Ponzi scheme, the value is driven by having more and more new investors to pay off the old investors. If you bought a crypto at 10k, your only hope of gain is one day someone will be willing to pay more for it in the future.
If it’s not a Ponzi scheme and isn’t based on “new investors money” then explain how the price rises

Housing crisis...really? Okay.

Fools are taking out mortgages to buy crypto, just wait til the sharks can short it. Complete and spectacular meltdown.

All cryptocurrency's aren't equal just like all world currency's around now are equal. Most of these currency's will fail.

What makes them unequal. How is bitcoin better than ripple or eutherum or any other alt coin. How do you differentiate between them. What data as a specialist do you look at to help you make these determinations



Your like a ****y for no reason autistic kid. We could have a legit conversation, but you are drawn to be a douchebag.

Yet you can’t answer my questions

No one said a $20 gift card is being bidded up. I'm saying its become a form of currency cuz people buy, sell & trade them just like various points that businesses give to their consumers.

Lmao. “It’s a form of currency because people buy and sell them”. Who buys and sells currencies,, and didn’t you just say they weren’t currencies but products? Businesses give customers a product. Crypto doesn’t give you a product


I think both will be around for our lifetimes. I suspect at some future date the US government, along with other governments, will accept BTC & other cryptocurrency's.

Yes cryptos will be around, just like penny stocks, and no Uncle Sam isn’t taking 1400 different cryptos,, Uncle Sam is taking US dollars, and if government does go crypto, it will just create its own. Why would the government take bitcoin when it can just create its own crypto?



LOL yea I wouldn't tell you how you could make a 1,000%+ ROI with all the charm you could muster. If you wanna see some of the sh^t I've talked about in the past & may or may not be in right now feel free to look at my past posts in this thread I'm sure I've mentioned 4 or 5 alt coins here & I bet if you look at the price of them the day I mentioned them they went up & are more than likely still up even with this recent
Yes you are riding the wave of speculation. Please explain your hot tips and why those are better than the other 1400 cryptos. Explain where they will be at in 5 and 10 years and the logic behind your evaluation?

Talk to me about that when that overdue stock market correction thats coming comes.

The stock market will roar in 2018 due to tech and tax cuts. But evaluations are getting too high for me. But when it corrects, amazon, Apple, Nike, etc will be making money and selling products. Crypto gets a correction and people are selling, what makes it stop and go back up? What value does it have besides what some fool is willing to pay for it

Although don't put me in the same class as you with thinking the stock market will continue on down, it'll rise back up, but many stupid mfers will be calling that a ponzi scheme in another 12-24mos when they lose 25%+ of their net worth.
When did I say the stock market will continue to go down? You know why stock market comes back? It’s because it creates products and generates money and creates value. Crypto does none of that. It actual does nothing at all

But my point is the stock market & a currency don't operate the same. And I guarantee you crypto is a better ROI right now & will be til the ceiling on crypto is discovered. I had around a 20%-ish ROI in stocks & have a 4 digit ROI in crypto. And if I'd have not sold so soon I'd probably have a 5 digit ROI.

Yes, stocks and crypto don’t operate the same. Stocks are ownership in companies that make products, sell them, generate cash, grow, and ultimately create value. Crypto is some intangible line of code with no value, no products, no cash flow, no nothing.. only worth what someone is willing to pay you for it..

If you sold out, good for you.

[Adamjr91]

The bottom was found..

[Eff Pandas]

Originally Posted by Eff Pandas View Post
No you keep bringing up stocks like an insane person & none of that bs is really relevant.


So you can’t explain alt coins and how they raise in value, even though you are a self proclaimed specialist

Again I think you keep trying to make a cryptoCURRENCY a product instead of a CURRENCY.

Products are bought for a purpose, a vacuum is bought to clean the floor. If crypto is a product and not a currency like you claim, what purpose does it provide? Can you name another product that rises in value after you buy it? What product appreciates and doesn’t depreciate?

Please gfy with these pop quiz's.

So you can’t answer elementary questions about the topic that you are a specialist in?

Oh how I'm tired of your ignorant usage of "Lmao" when you don't understand how something works & are so ****y with your ignorance.

I understand how it works, just like a Ponzi scheme, the value is driven by having more and more new investors to pay off the old investors. If you bought a crypto at 10k, your only hope of gain is one day someone will be willing to pay more for it in the future.
If it’s not a Ponzi scheme and isn’t based on “new investors money” then explain how the price rises

Housing crisis...really? Okay.

Fools are taking out mortgages to buy crypto, just wait til the sharks can short it. Complete and spectacular meltdown.

All cryptocurrency's aren't equal just like all world currency's around now are equal. Most of these currency's will fail.

What makes them unequal. How is bitcoin better than ripple or eutherum or any other alt coin. How do you differentiate between them. What data as a specialist do you look at to help you make these determinations



Your like a ****y for no reason autistic kid. We could have a legit conversation, but you are drawn to be a douchebag.

Yet you can’t answer my questions

No one said a $20 gift card is being bidded up. I'm saying its become a form of currency cuz people buy, sell & trade them just like various points that businesses give to their consumers.

Lmao. “It’s a form of currency because people buy and sell them”. Who buys and sells currencies,, and didn’t you just say they weren’t currencies but products? Businesses give customers a product. Crypto doesn’t give you a product


I think both will be around for our lifetimes. I suspect at some future date the US government, along with other governments, will accept BTC & other cryptocurrency's.

Yes cryptos will be around, just like penny stocks, and no Uncle Sam isn’t taking 1400 different cryptos,, Uncle Sam is taking US dollars, and if government does go crypto, it will just create its own. Why would the government take bitcoin when it can just create its own crypto?



LOL yea I wouldn't tell you how you could make a 1,000%+ ROI with all the charm you could muster. If you wanna see some of the sh^t I've talked about in the past & may or may not be in right now feel free to look at my past posts in this thread I'm sure I've mentioned 4 or 5 alt coins here & I bet if you look at the price of them the day I mentioned them they went up & are more than likely still up even with this recent
Yes you are riding the wave of speculation. Please explain your hot tips and why those are better than the other 1400 cryptos. Explain where they will be at in 5 and 10 years and the logic behind your evaluation?

Talk to me about that when that overdue stock market correction thats coming comes.

The stock market will roar in 2018 due to tech and tax cuts. But evaluations are getting too high for me. But when it corrects, amazon, Apple, Nike, etc will be making money and selling products. Crypto gets a correction and people are selling, what makes it stop and go back up? What value does it have besides what some fool is willing to pay for it

Although don't put me in the same class as you with thinking the stock market will continue on down, it'll rise back up, but many stupid mfers will be calling that a ponzi scheme in another 12-24mos when they lose 25%+ of their net worth.
When did I say the stock market will continue to go down? You know why stock market comes back? It’s because it creates products and generates money and creates value. Crypto does none of that. It actual does nothing at all

But my point is the stock market & a currency don't operate the same. And I guarantee you crypto is a better ROI right now & will be til the ceiling on crypto is discovered. I had around a 20%-ish ROI in stocks & have a 4 digit ROI in crypto. And if I'd have not sold so soon I'd probably have a 5 digit ROI.

Yes, stocks and crypto don’t operate the same. Stocks are ownership in companies that make products, sell them, generate cash, grow, and ultimately create value. Crypto is some intangible line of code with no value, no products, no cash flow, no nothing.. only worth what someone is willing to pay you for it..

Don't be a weirdo to me cuz you can't grasp the concept of buying into a currency or cuz I don't wanna help a cat like you understand anything let alone give you buying tips to make money via crypto.

I'll just look forward to our bet being resolved from this point on.