Bitcoin. Any experts/owners?

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65fastback2plus2

65fastback2plus2

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Heres how much better paypal is...Paypal received investment funding or partnerships from:

Peter Thiel
Accenture
Seagate
Google
Western Union
Moneygram

oh wait, nvm, thats Ripple. Weird how the people who know money invested in it.

Maybe someone should email Peter and tell him Paypal does everything instantly so nothing additional is needed?
 
YosemiteSam

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MoneyGram makes HUGE Ripple news, yet Ripple still closes down.

Speculators got MUGGED! I B TROLLING!

H2wimIP.png
 
DoctorChicken

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YosemiteSam said:
MoneyGram makes HUGE Ripple news, yet Ripple still closes down.

Speculators got MUGGED! I B TROLLING!

H2wimIP.png
Click to expand...

It’s down from the absurd all time high it hit of like $3.90 when nobody even expected it to pass $2.00 in 2018?

Neato.
 
Reality

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DoctorChicken said:
You can now buy KFC with bitcoin

https://colonelandco.ca/products/the-bitcoin-bucket
Click to expand...
From the page ..

...

Despite the ups and downs of Bitcoin, the Colonel’s Original Recipe is as good as always. So, trade your Bitcoins for buckets and invest in something finger lickin’ good.

Includes 10 Original Recipe Tenders, Waffle Fries, Med Side, Med Gravy and 2 Dips.

For a limited time, orders will be fulfilled within Canadian delivery zones. We can only accept purchases within Canada. Apologies, rest of the world.

*The Bitcoin Bucket is a limited time offer.
 
65fastback2plus2

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YosemiteSam said:
MoneyGram makes HUGE Ripple news, yet Ripple still closes down.

Speculators got MUGGED! I B TROLLING!
Click to expand...

a) crypto markets dont open or close. they are 24/7/365. More blatant "I dont know what I'm doing" statement.s
b) It was $1.72 when the news hit. It settled at $2.05 after a huge run up to $2.70.
$2.05 - $1.72 = $0.33 HIGHER

$0.33/$1.72 = 20% climb.

Good luck saying it closes down when it settled up 20%
 
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YosemiteSam said:
@Reality it seems it *might be* as you where saying.

Researchers find that one person likely drove Bitcoin from $150 to $1,000

If they can drive $150->$1,000. Anyone with a decent pocket book can drive it further and start the herd mentality on it's way to drive that price sky high. Reminiscent of the tech bubble like when the herd mentality drove Cisco's P/E to an incredulous 174!
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I am shocked I tell you .. shocked :rolleyes:

The pre-dot-COM crash tech industry is a good comparison. Back then, large investors or investment groups (aka: Venture Capitalists) would invest in internet startups by buying 20% of a company for a few million. That would then create a 5x valuation of the cash they put in. Then, they would do the same in other internet startups. So far, the valuations were inflated, but the investors/VC firms could still claim to be legitimate.

Then that is where the manipulation started. They would have companyA buy services from companyB and companyC using that money. Then they would have companyB and companyC buy from companyD and companyE and then have companyD and companyE buy services from companyA. It was the same money, but it made the rounds and created revenue streams that took that 5x valuation up to 10x and 20x.

Then they would either have more seed rounds to raise more cash on the higher valuations or they would file for an IPO.

Just like those investors, large bitcoin investors are using the round-robin approach that is illegal and heavily monitored in traditional stock market exchanges. There are more than one or two doing the manipulation in the bitcoin market, but make no mistake .. it's definitely happening every day.
 
YosemiteSam

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Reality said:
I am shocked I tell you .. shocked :rolleyes:

The pre-dot-COM crash tech industry is a good comparison. Back then, large investors or investment groups (aka: Venture Capitalists) would invest in internet startups by buying 20% of a company for a few million. That would then create a 5x valuation of the cash they put in. Then, they would do the same in other internet startups. So far, the valuations were inflated, but the investors/VC firms could still claim to be legitimate.

Then that is where the manipulation started. They would have companyA buy services from companyB and companyC using that money. Then they would have companyB and companyC buy from companyD and companyE and then have companyD and companyE buy services from companyA. It was the same money, but it made the rounds and created revenue streams that took that 5x valuation up to 10x and 20x.

Then they would either have more seed rounds to raise more cash on the higher valuations or they would file for an IPO.

Just like those investors, large bitcoin investors are using the round-robin approach that is illegal and heavily monitored in traditional stock market exchanges. There are more than one or two doing the manipulation in the bitcoin market, but make no mistake .. it's definitely happening every day.
Click to expand...

Which is why you see specific coin / ripple (not all at once) go up, up, up then get dumped. Then the next (different one) one goes up, up, up, then dump. A round-robin pump and dump. Attracted the speculators to your target, then rob them blind. Set the trap, they take the bait, and they rake in the winnings. It's a free for all just like the dot com bubble. When the herd is moving, it's like printing money for the vultures.
 
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CATCH17 said:
How we feeling about bitcoin today after the huge drop?

I'm actually thinking about buying now. Not sure though.
Click to expand...
It makes me wonder if China has stopped large investors there from accessing foreign exchanges already which has caused some of the large investors (the ones from China that is) that were manipulating the price of bitcoin to no longer be able to do so.
 
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Bitcoin drops 50 percent from its peak value as it falls below $10,000
https://www.theverge.com/2018/1/17/16900448/bitcoin-drop-below-100000-half-peak-bitconnect

Bitcoin dropped below $10,000 today, and it’s now worth just over half of its peak value. The cryptocurrency opened at $11,348, according to CoinDesk, and dropped over $1,600 to hit a low of $9,685, though it’s since recovered slightly and is currently trading at $9,702. Other cryptocurrencies like Ethereum, Ripple, Bitcoin Cash, Cardano, and Litecoin have also posted deep losses of between 30 to 40 percent, according to data from CoinMarketCap.

...

Bitcoin is notoriously volatile. There have been crackdowns on cryptocurrencies in several countries; South Korea recently proposed tighter rules while hinting at an outright ban. Warren Buffet told CNBC (perhaps presciently) earlier in January, “In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending.”
 
YosemiteSam

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CATCH17 said:
How we feeling about bitcoin today after the huge drop?

I'm actually thinking about buying now. Not sure though.
Click to expand...

Bitcoin has absolutely no intrinsic value. Think about what that means before you pull the trigger. There is a reason Warren Buffet said what he said about cryptocurrencies.
 
CATCH17

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YosemiteSam said:
Bitcoin has absolutely no intrinsic value. Think about what that means before you pull the trigger. There is a reason Warren Buffet said what he said about cryptocurrencies.
Click to expand...


I think there is some money to be made short term. Im not going to invest 1000's in it or anything but I think if you put a few hundred in it you can make some small gains. I just don't want a lot of money on the table.


I'm looking at a coin right now called Icon (ICX). If I put some money down on one of these coins I think it's going to be that one.
 
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