The Bitcoin Bubble
- Thread starter malaki
- Start date
Just in the US. You can and probably still should be baggin up the banks sure are
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He could’ve but he eventually will make more and have lower tax liability. Pro athletes have to pay taxes in every state they play. What are the tax laws for Bitcoin?
Damn, Ronald Wayne posts on BGOL
Lol!Lil!! Not gonna lie, that fairy money looking mighty lovely.y crypto portfolio performed better than my stock holdings. I can't wait until 2022 when I double up on my crypto investments.
Man listen….
By the way, this didn’t age well: Bitcoin’s price was approximately $900 on January 5th, 2017.
we all make mistakes.
Hats off to you, i hope you been LIVING your BEST fuxking life!!!http://globalguerrillas.typepad.com/globalguerrillas/2011/06/the-bitcoin-bubble.html
THE BITCOIN BUBBLE
If you haven't already heard about bitcoin, the first popular cypto-currency, you soon will. The idea for the currency is simple. It's a software system that makes it possible to manufacture and trade (P2P), in a public and decentralized way, a limited digital resource. That's it.
So why the interest in bitcoin?
Simple. It appears to be gaining critical mass as a transactional currency that operates outside of the traditional monetary conduits (banks, SWIFT, etc.). That fact alone has attracted lots of people to the system, despite the fact that it's not built to allow completely anonymous transactions (it can't be, given that it requires network broadcasts of every transaction to maintain the integrity of the system and prevent counterfeiting).
As a transactional currency that operates outside of traditional systems, it's actually a pretty good medium of exchange (particularly if those transactions are small and quick). The problems arise when people confuse bitcoin's role as a transactional medium and its role as a store of value (as in: holding it as an asset).
As a store of value or an asset it's shady. Here's why: since the supply of bitcoin is limited and knowledge/use of it is growing (potentially virally) it's the perfect breeding ground for a speculative bubble. In a world awash with scams and financial speculation (a defining characteristic of our time), it was only a matter of time before the pump and dump mobsters moved in. Spamming message boards everywhere. Generating buzz. Taking speculative positions. The rapid rise in bitcoin's value relative to the dollar can be seen below (on thin trading) demonstrates that this is already going on:
Bitcoin Trading History
So, for those of you with the stomach to take bets with eastern european mobsters and US financial boiler rooms or if your willing to bet on the fickleness of viral adoption, you might be interested in taking a look at bitcoin as an asset. Of course, a dollar's worth of bitcoins may be worth nothing or $100 in a month, who knows?
As far as I know this could become the first P2P bubble. If you know of others, let me know.
Do you regret this
I’ve heard about The Freedman’s Bank.
Start trading on Coinbase using this link and get $10 in BTC.
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
coinbase.com
This nigga trying to get affliate money through his referral linkStart trading on Coinbase using this link and get $10 in BTC.
Coinbase is a secure online platform for buying, selling, transferring, and storing cryptocurrency.
.Nigga no
Damn year 10 years late at thatThis nigga trying to get affliate money through his referral link
Nigga no
Everyone on this site should be a millionaire but most are idiots…the proof is this thread and the main crypto thread and stock thread
Too many are emotional and only want to bicker back and forth about politics all day
This nigga trying to get affliate money through his referral link
Nigga no
Hey let player get his feet wet bruh, I ain't mad at him
at all... why not help a bruh out if you were gonna register
anyway?? I mean I been had a coinbase account when
trading was legal in NYC.... sheeet if I wasn't in NYC,
Id be cleaning the fuck up...but these crypto hatin cock suckers
in NYC starting with that, self serving ho attorney general james, big bank
got that ho all in their pocket.... but I digress...
things are moving along nicely now and getting better everyday...
but chea, new york is the fuckin WORSE when it comes to crypto.... jewish bankers
got their panties in mega knots cockblockin shit...
not if your fuckin attorny general in a bankers whore like this james ho in NYC.... and too much donkey
party power in her hands... that is changing now... Thank Holy HERU!!!
You right, I was having fun at his expense. I hope he get's 1000 hits.
Timing my guy timing. Rule number one. Never invest more than you’re willing to throw away. That’s how you lose money. They shake you out your position.
Which is the reason I said what I said. All these threads were in perfect timing for the ultimate come up!!