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Non Footy Chat Thread II

Gronk

Moderator
Staff member
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77,719
Well its high risk and high reward for now. Good If you are looking for quick money but are prepared to lose it all.
So in hindsight it's a good investment. Agree, but even the merkins who have made money don't even know why they have or indeed when they did why it went down. It's bounced again, but they dont know why. So its not really an investment, It's some sort of a mysterious game of chance.
 

hindy111

Post Whore
Messages
62,989
Rule what? You made some money by taking a risk. I mean how hard was it?
I am currently mastering the turkish march by Mozart on guitar. Do you know how many f**king hours this is taking me? This is by far a bigger achievement then making a few bucks on some crypto currency and its something I will be able to play forever.
 

Gary Gutful

Post Whore
Messages
53,051
Hey @hindy111 - is this the Turkish march?

giphy.gif
 

84 Baby

Referee
Messages
29,816
Bitcoins a good investment if you have money. For your average person who can't afford to lose 10-20k it isn't worth talking about.
Unsure why all are debating it. Of course its a good risk worth taking if can afford to lose the money and not hurt you. But for people like myself I work to hard for my money and if lost 10k id feel sick.
You know you don’t need to buy complete coins? The market is like an almost non physical commodities market underpinned by transactional need and availability of the underlying system, and the market forces of the coin market itself
 

Eelogical

Referee
Messages
23,343
You know you don’t need to buy complete coins? The market is like an almost non physical commodities market underpinned by transactional need and availability of the underlying system, and the market forces of the coin market itself
Well, I'm glad that someone straightened that out.
 

84 Baby

Referee
Messages
29,816
Well, I'm glad that someone straightened that out.
Frustrates me when people say it is based on nothing. It’s based on transactional processing. The value of which at any given moment could be nothing but hey it's only an agreed convention that gold is worth anything, and what underpins all physical currencies?
 

hindy111

Post Whore
Messages
62,989
Frustrates me when people say it is based on nothing. It’s based on transactional processing. The value of which at any given moment could be nothing but hey it's only an agreed convention that gold is worth anything, and what underpins all physical currencies?

Yes just like a pokemon.
 

Poupou Escobar

Post Whore
Messages
91,616
Frustrates me when people say it is based on nothing. It’s based on transactional processing. The value of which at any given moment could be nothing but hey it's only an agreed convention that gold is worth anything, and what underpins all physical currencies?
It's more like gold than a currency though, because with currencies their actual value is referenced in the price, whereas with Bitcoin no merkin ever relies on its face value, instead demanding US$3000 (or whatever) worth of Bitcoin (rather than a set fraction of the Bitcoin) to unlock your wedding photos.

It'd be like if you bought something in Australia and the price was US$100 worth of Australian dollars. That would be a fair indicator of the reliability of Aussie dollars as a currency. So it goes with Bitcoin.
 

Eelogical

Referee
Messages
23,343
Frustrates me when people say it is based on nothing. It’s based on transactional processing. The value of which at any given moment could be nothing but hey it's only an agreed convention that gold is worth anything, and what underpins all physical currencies?
Greed?
 

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