BitCoin article for adults BitCoin article for adults
Page 1 of 8 123 ... LastLast
Posts 1 to 10 of 71
  1. #1

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default BitCoin article for adults

    Morning All,

    a BitCoin article for adults:

    https://seekingalpha.com/article/412...ent-approaches

    Lance, FrontLoader, Jogon and the other children, this is research material, you won't find it interesting.

    Milan.

  2. #2

    Fingers like lightning

    FrontEnder is NOT a disguised employee


    Join Date
    Feb 2016
    Posts
    951

    Default

    You've got to sign up to read the full article, so **** that. The summary says:

    Bitcoin has made many skeptics, myself included, look silly this year.
    Price action alone doesn't make something more valuable in the long term.
    Signs of 2006-level frenzy are now clearly evident in cryptocurrencies.
    If you're long, consider taking profits. A massive correction is likely coming.
    If you'd paid attention to anything we've said we all pretty much agree with this.

  3. #3

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default

    Quote Originally Posted by FrontEnder View Post
    You've got to sign up to read the full article, so **** that. The summary says:

    If you'd paid attention to anything we've said we all pretty much agree with this.


    sat here on the mainland the article opens just fine without signing up, maybe that's a Brexit thing

    nevertheless, well worth a read for the adults amongst us

    FrontLoader et al follow the money

    Milan.

  4. #4

    Contractor Among Contractors

    PhiltheGreek - scorchio!

    PhiltheGreek's Avatar
    Join Date
    Dec 2016
    Location
    Balmoral
    Posts
    1,053

    Default

    I read it just fine. At least with tulips you got to keep the bulb

  5. #5

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default

    Quote Originally Posted by PhiltheGreek View Post
    I read it just fine. At least with tulips you got to keep the bulb

    they can use their nano wallets as usb sticks

    Milan.

  6. #6

    Double Godlike!

    original PM is a fount of knowledge

    original PM's Avatar
    Join Date
    Apr 2008
    Location
    Cheshire
    Posts
    12,177

    Default

    Works just fine for me....

    Can anyone explain in simple terms what a Bitcoin is - and more importantly why it has value?

    When 'money' first came into existence it was a pretty basic thing - e.g. based on the value of gold - or back in the day Romans got paid in salt - this was because these things had value and were useful and could be turned into or used to make other things better or different. So how does this (admittedly basic) definition work for cyrptocurrencies?

  7. #7

    Fingers like lightning

    FrontEnder is NOT a disguised employee


    Join Date
    Feb 2016
    Posts
    951

    Default

    Let's all make sure we listen to the guy who wrote the article. The on that opens up saying how wrong he was before....

  8. #8

    More time posting than coding

    Agent is a permanent contractor


    Join Date
    Jul 2016
    Location
    UK
    Posts
    299

    Default

    Quote Originally Posted by original PM View Post
    Works just fine for me....

    Can anyone explain in simple terms what a Bitcoin is - and more importantly why it has value?

    When 'money' first came into existence it was a pretty basic thing - e.g. based on the value of gold - or back in the day Romans got paid in salt - this was because these things had value and were useful and could be turned into or used to make other things better or different. So how does this (admittedly basic) definition work for cyrptocurrencies?
    I don't understand your view point. Value is determined by demand. Why does anything have value? Collectable coins, stamps, comic books, collectable cars, books, antiques, property, art etc etc. None of these things have any intrinsic value, their value is in the fact that other people want them. No doubt things will change in the bitcoin / crypto world just as they do in the art world but because something goes up in value doesn't mean it's going to crash. (although I'm sure it will at some point).

    Your view on wealth / value if only tied to physical monetary £/$ value is distorted and in my view pretty wrong. IF you think that the pound or dollar is backed by anything other than a promise then I'd go do some research!

  9. #9

    Double Godlike!

    original PM is a fount of knowledge

    original PM's Avatar
    Join Date
    Apr 2008
    Location
    Cheshire
    Posts
    12,177

    Default

    Quote Originally Posted by Agent View Post
    I don't understand your view point. Value is determined by demand. Why does anything have value? Collectable coins, stamps, comic books, collectable cars, books, antiques, property, art etc etc. None of these things have any intrinsic value, their value is in the fact that other people want them. No doubt things will change in the bitcoin / crypto world just as they do in the art world but because something goes up in value doesn't mean it's going to crash. (although I'm sure it will at some point).

    Your view on wealth / value if only tied to physical monetary £/$ value is distorted and in my view pretty wrong. IF you think that the pound or dollar is backed by anything other than a promise then I'd go do some research!
    Ok fair point - my basic view sort of holds.

    But then why would I need bitcoins - where does the demand come from?

  10. #10

    Godlike

    milanbenes 's job has never been outsourced


    Join Date
    Jul 2005
    Posts
    7,975

    Default

    Quote Originally Posted by FrontEnder View Post
    Let's all make sure we listen to the guy who wrote the article. The on that opens up saying how wrong he was before....

    FrontEndLoader,

    the first sentence of the article,

    "Bitcoin has made many skeptics, myself included, look silly this year.",

    is not the conclusion.

    Your homework for tonight is to develop the patience and persistence to read a whole 5 minute long written article.

    Good luck, our ultimate goal will be you reading a whole LadyBird book.

    Milan.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •