If you bought $100 of bitcoin 7 years ago, you'd be sitting on $75 million now

jj90 · May 25, 2017

Mtrader said:
I know that the transactions can be traced, but the problem is that the people are anonymous. Huge potential for abuses of all kinds. And that has already be proven.
To fight terrorism the Western world tries to cut off financing of terrorism and at the same time terrorisme can shift to bitcoins.

Cars can be used to kill for terrorism, should we ban cars?

I get your point, just say I'm unconvinced as to the potential benefits of crypto emerging in the long run.

However very many simply scream: "bubble! evil! bad feelings!"

Mtrader · May 25, 2017

jj90 said:
Cars can be used to kill for terrorism, should we ban cars?

We can easier replace bitcoins, in fact we don't need them at all. Cars are far more difficult to replace. Back to the stone age?

comagnum · May 25, 2017

If you bought Bitcoin 7 years ago ....

'IF is the middle word in life' - Dennis Hopper, Apocalypse Now

Mtrader · May 26, 2017

Bitcoin dropped in less than 48 hours by 25%. How many millions did some people lose?
What goes up can go down.

jj90 · May 27, 2017

What people lost in crypto longs, someone else picked up on the other side.

SoesWasBetter · May 27, 2017

I called for btc to break 2000 when it was 2300 . it got to 2007 , before the manipulators quickly took it back up to 2200

Mtrader · May 27, 2017

jj90 said:
What people lost in crypto longs, someone else picked up on the other side.

And we broke in the mean time already 1900 too.
Bitcoin is the new gambling toy.

TheRumpledOne · May 27, 2017

Mtrader said:
I know that the transactions can be traced, but the problem is that the people are anonymous. Huge potential for abuses of all kinds. And that has already be proven.
To fight terrorism the Western world tries to cut off financing of terrorism and at the same time terrorisme can shift to bitcoins.

It's not about fighting terrorism. The PUPPET MASTERS don't give a damn about your security. That's just a distraction. THE MATRIX IS ABOUT CONTROL! If they can't control the currency, they can't control you! WAKE UP!!

Illini Trader · May 27, 2017

Mtrader said:
All I read is that at the darkweb people pay with bitcoins. Hackers are paid in bitcoins. Bitcoins are the standard paying method used by all criminals just because they cannot be traced.

The evolution of the value is at least very suspicious. Makes me think of a pyramid system.
Why should we pay with bitcoins if we have hundreds of existing currencies?

All these things contributed to my opinion. I don't hate bitcoins, but all I see and read about it gives me bad feelings.

What are the positive arguments?

They only thing that might be interesting is the blockchain technique they use. Although I don't understand it completely.

The "Positive Argument" is that in 10 years there will be another thread reminding us that once upon a time a long time ago "an entire whole Bitcoin" could have been purchased for as little as $2,500.

Mtrader · May 27, 2017

Illini Trader said:
The "Positive Argument" is that in 10 years there will be another thread reminding us that once upon a time a long time ago "an entire whole Bitcoin" could have been purchased for as little as $2,500.

Or it might be the opposite: I purchased bitcoins at +$ 2,500 and now they are worthless.

Nobody knows for sure what will happen. I prefer a bit more certainty and maybe less money.