Bitcoin Is Over $7,200!

[Joe Flacco]

 

[timd354]

When Tim and others with similar line of thinking start saying that they bought bitcoin, it is time to cash out.

Won't be a problem, since I won't be investing in Bitcoin. I am an investor, not a speculator and I don't buy into things that I cannot objectively value (I also don't play the lottery). Bitcoin has zero intrinsic value and the Bitcoin market is driven by nothing more than market psychology/market momentum as there is no rational or logical basis for its valuation or for the recent run-up in price.

Good luck to you if and when you wade into the bitcoin pool....maybe you will hit the lottery on it.

 

[Joe Flacco]

Won't be a problem, since I won't be investing in Bitcoin. I am an investor, not a speculator and I don't buy into things that I cannot objectively value (I also don't play the lottery). Bitcoin has zero intrinsic value and the Bitcoin market is driven by nothing more than market psychology/market momentum as there is no rational or logical basis for its valuation or for the recent run-up in price.

Good luck to you if and when you wade into the bitcoin pool....maybe you will hit the lottery on it.

I'm just messing with you, Tim.

 

[Joe Flacco]

What if Bitcoin is the mark of the beast? End times are near.

 

[Big ole Boy]

If it is not debt , what is it? What backs it? Here comes the circular.

A new phase of cultural consciousness ... the realization that fake FED numbers are systemic throughout .... that part of the evolutionary process is that good ideas do not require force .... and perhaps that is nearest to what the western/occidental experience shows us throughout history ...

a closed system requires a circular argument at some point ... but an open system that perhaps mimics/participates in an open ended universe where consciousness itself is an umbilical cord that tethers outward (we are just flesh/participant - we are penumbra - membrane) .....

this is a lot easier to understand with certain psychedelics ....

our ancestors found these in mushrooms produced from the ruminates of bovine ..... at first it was our food, but alas it became our awakening ...

no, not circular, but open ended .... a little tongue and cheek to spice it up too

 

[Big ole Boy]

A new phase of cultural consciousness ... the realization that fake FED numbers are systemic throughout .... that part of the evolutionary process is that good ideas do not require force .... and perhaps that is nearest to what the western/occidental experience shows us throughout history ...

a closed system requires a circular argument at some point ... but an open system that perhaps mimics/participates in an open ended universe where consciousness itself is an umbilical cord that tethers outward (we are just flesh/participant - we are penumbra - membrane) .....

this is a lot easier to understand with certain psychedelics ....

our ancestors found these in mushrooms produced from the ruminates of bovine ..... at first it was our food, but alas it became our awakening ...

no, not circular, but open ended ... a little tongue and cheek thrown in for good measure

....

 

[Big ole Boy]

How are you going to overcome the cost of electricity to make this worthwhile?
The big miner are using geothermal and solar.

Here's a DYI Ethereum rig...

http://www.coinminingrigs.com/how-to-build-a-6-gpu-mining-rig/

Depends on the coin, I am not interested in mining coins where I would loose money

 

[Big ole Boy]

What if Bitcoin is the mark of the beast? End times are near.

The mark of the beast ..... flat earth ..... closed system ...... cursory academics ..... systemic infantilism ... all on the same plane

... there are higher planes ..... that exist outside the fear propagated by mind control of silly people

 

[Big ole Boy]

(IF) one is able to put the REAL DATA of monetary policy into a mirror you will get a reflection - that reflection is Bitcoin.

 

[The Bob]

Won't be a problem, since I won't be investing in Bitcoin. I am an investor, not a speculator and I don't buy into things that I cannot objectively value (I also don't play the lottery). Bitcoin has zero intrinsic value and the Bitcoin market is driven by nothing more than market psychology/market momentum as there is no rational or logical basis for its valuation or for the recent run-up in price.

Good luck to you if and when you wade into the bitcoin pool....maybe you will hit the lottery on it.

No fan of Bitcoin either, but what is the intrinsic value of a Federal Reserve Note?