1. Welcome! Please take a few seconds to create your free account to post threads, make some friends, remove a few ads while surfing and much more. ClutchFans has been bringing fans together to talk Houston Sports since 1996. Join us!

What do people think about Bitcoin?

Discussion in 'BBS Hangout' started by Spooner, Jan 25, 2014.

?

What is the fate of Bitcoin?

  1. Currency of the future

    34.8%
  2. Passing Fad

    65.2%
  1. Sajan

    Sajan Member

    Joined:
    Apr 18, 2009
    Messages:
    10,224
    Likes Received:
    8,624
  2. Space Ghost

    Space Ghost Member

    Joined:
    Feb 14, 1999
    Messages:
    18,990
    Likes Received:
    9,101
  3. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223
    dude keeps saying 250 years is the expiration of a superpower

    i'm not sure he understands the US was not a superpower until like 1950
     
    The Captain and Sajan like this.
  4. The Captain

    The Captain Member

    Joined:
    Jun 18, 2003
    Messages:
    39,076
    Likes Received:
    38,649
    AI art is like the art in those crappy church pamphlets that told stories. Five-year-old me was not impressed.
     
    Buck Turgidson likes this.
  5. Space Ghost

    Space Ghost Member

    Joined:
    Feb 14, 1999
    Messages:
    18,990
    Likes Received:
    9,101
    Sajan posted it so it had to be dumb
     
  6. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    109,560
    Likes Received:
    114,128
    Is bitcoin still good? I haven't looked or wanted to look in many moons.
     
  7. No Worries

    No Worries Wensleydale Only Fan
    Supporting Member

    Joined:
    Jun 30, 1999
    Messages:
    34,098
    Likes Received:
    22,413
    Bitcoin adjacent. More water is still wet.


    53% of Crypto Tokens Launched Since 2021 Have Failed, Most in 2025

    The study looked at token listings on GeckoTerminal between mid-2021 and the end of 2025. Of the nearly 20.2 million tokens that entered the market during that period, 53.2% are no longer actively traded. A staggering 11.6 million of those failures happened in 2025 alone — accounting for 86.3% of all token deaths over the past five years.
     
  8. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223
    100% of crypto tokens launched since Bitcoin have failed... when measured against Bitcoin.
     
    No Worries and Space Ghost like this.
  9. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223
    Depends on what you mean by 'good'.

    The protocol hasn't changed. The network is still robust and secure. It's still the hardest money ever.

    So, in that sense, yeah, we good.
     
    Buck Turgidson likes this.
  10. Ubiquitin

    Ubiquitin Member
    Supporting Member

    Joined:
    Jul 7, 2001
    Messages:
    20,595
    Likes Received:
    15,992
    The Disclosure of Aliens Could Cause a Bitcoin Rush, Former Bank of England Analyst Says
    She warned of "extreme price volatility in financial markets due to catastrophising or euphoria, and a collapse in confidence."
     
  11. Buck Turgidson

    Joined:
    Feb 14, 2002
    Messages:
    109,560
    Likes Received:
    114,128
    "catastrophising"

    I didn't know this was a real word that people took seriously.
     
  12. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    23,321
    Likes Received:
    14,974
    Weird.... one would have thought BTC would have been this safe haven with the rush to gold and silver.
     
  13. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223
    People don't usually pile into bitcoin during times of crisis or chaos. Typically the opposite. That is golds territory.

    Bitcoin, as the hardest asset and great liquidity absorber, doesn't run til 3-6 months after the money printer kicks in.

    Money printer hasn't kicked in yet. Coincidentally, the money printer usually follows a crisis. So, stay tuned.
     
    LosPollosHermanos likes this.
  14. LosPollosHermanos

    LosPollosHermanos Clutch Crew
    Supporting Member

    Joined:
    Aug 25, 2009
    Messages:
    34,114
    Likes Received:
    19,222
    Still in denial I c
     
  15. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    23,321
    Likes Received:
    14,974
    Still can't explain what you put your money I C....

     
  16. dmoneybangbang

    Joined:
    May 5, 2012
    Messages:
    23,321
    Likes Received:
    14,974
    Ah the black box theory of BTC..... not good for a crisis and chaos despite being billed as the ultimate hard asset.... I guess Gold is still king there.

    Interesting you mention the "money printer"....So BTC does well when money is cheap and risk appetite is higher?
     
  17. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223
    Bitcoin was born in 2009.

    Gold has about a 5000+ year head start in terms of ingraining itself as a safe haven asset.

    Walk up to any random human and ask them whether they would rather own BTC or gold in a time of great upheaval/uncertainty, chances are you know what answer you're likely to get.

    That said, just because Joe Blow and the market at-large doesn't understand how resilient and secure Bitcoin is, doesn't mean that it lacks the qualities that actually make it resilient and secure.

    The trend that's been established is that gold moves and then bitcoin lags 6+ months behind. Gold responds to crisis fast because of its long history and wide adoption. Liquidity usually follows a crisis, and Bitcoin absorbs liquidity way more efficiently and effectively than gold.
     
  18. Ubiquitin

    Ubiquitin Member
    Supporting Member

    Joined:
    Jul 7, 2001
    Messages:
    20,595
    Likes Received:
    15,992
  19. KingCheetah

    KingCheetah Atomic Playboy

    Joined:
    Jun 3, 2002
    Messages:
    60,111
    Likes Received:
    54,460
  20. DonnyMost

    DonnyMost Member

    Joined:
    May 18, 2003
    Messages:
    49,735
    Likes Received:
    21,223

Share This Page