Thread: Bitcoin losing it's lustre?

Whether or not Bitcoin itself is a bubble is debatable, but the technology behind it is real and alt coins as a whole are here to stay. The only thing that can really derail it from a USA standpoint is if the US Gov does what they do best and regulate the shit out of it.

I'd warn against investing in more than you can lose, but as moody as this currency is it can end up anywhere, me i work to hard for my money, i like silver personally

That should go without saying with any kind of investing, stocks or otherwise, but you're right even more so for crypto. The volatility is crazy but should stabilize as more money goes into it, but we'll see. I do also like precious metals though. I'm always looking for coins or bars I can scoop up for around spot, especially with silver as low as it is right now.

I'm just wondering with war being so very close, if what we invest in can literally make or break you, something to think about. Sickning to get rich off of war but it happens

Xtreme, thanks for all the great information. Will def start checking out Reddit and also researching more on your suggestions. Blades, I def get and understand the fact that you never place more into such a situation than you can afford to lose. I do have a family and bills to pay and would never jeopardize any of that on such a gamble. Its kinda like sending donation for some of the wonderful things here on the brotherhood. Always be prepared to send funds and not get anything in return. At same time just like Xtreme mentioned this stuff is here to stay for a bit in my very infant, humble opinion. Not that my opinion is worth much.

Thank you guys. As always, I am utterly impressed by the friendships and willingness to guide, direct and help from each and every one of you gentlemen. The epitome of a true brotherhood found right here amongst my bros on BOP!

Respectfully,

SJ

The way I see it is that we're all in it together bro

Originally Posted by babybull34

I am very interested to see how this will all pan out and to see how long it takes before governments start trying to enforce regulation, taxation, and monetary control process on the crypto-currencies.

Already happening. The IRS has been in FED court in CA for over a year seeking to enforce a subpeonae of coinbase's user records. Within the past month, the court found partially in coinbase's favor and ordered CB to provide the IRS with the records of something like their 14,000 largest customers. That coinbase is calling this a victory should tell you everything you need to know about where all the player's know this is headed. Think about it. If the IRS can compel 100 yo Swiss banks serving exceptionally wealthy customers to disclose their U.S, customers' account info, which they did, coinbase does not stand a chance.

@xtreme Any thoughts on the best BTC alternatives for vendors here?

Looking at Monero (for privacy), ETH, LTC, BCH due to customer interest.

Originally Posted by Blades22

I'd warn against investing in more than you can lose, but as moody as this currency is it can end up anywhere, me i work to hard for my money, i like silver personally

Silver was up what, 7.5%, last year?