Bitcoin: a decentralized deflationary asset, that sits outside of the debt-fueled & highly rigged fiat banking system existing in an inflationary world. Solves a lot of financial and economic problems for many that take the plunge.

Oh look, another former Goldman Sachs executive wants to be the next U.S. Fed Chair.

http://www.businessinsider.com/axios-report-gary-cohn-wants-federal-reserve-chair-janet-yellen-2017-5

Wat a fkn shocker. 

We Bitcoiners watched our bitcoin go from 400 to 2750 in 18 months. So we're not exactly shedding any tears for supposedly "missing out" on anything.

Outside of that, the ICO discussion is scary as hell. These people promoting ICOs as the next wave of investing have no idea just how badly the shark mega traders will come in and abuse these through promoted pump and dump scam hell. Scammed retail investors will lose entire life savings. So much so that it WILL eventually attract the attention of the FBI and the SEC, which will more than happily step in to shut it all down. It will only take a few bad apples to spoil the bunch.

Unless I'm misunderstanding, it seems to targeted towards funny images and memes. I guess this thread will become dull and humorless now.  

Then what do these traders think that they are buying, and what greater fool are they going to sell to in the future?

Last time I checked, Ethereum wasn't a company, and ETH isn't a stock. They have no CEO and make no profit. And the tech is free, open source, and easily copied.

Completely, and totally disagree. For the world to have a universally accepted form of money that crosses borders, it would need to ideally consolidate on one. The world will never universally accept 1000 different forms of payment (money) as all being equally valuable. If all special snowflakes are special, then none of them are universally special.

Half?? Now you're just being generous.

Let's put it this way:

All altcoins believe they are competing directly with Bitcoin for crypto dominance.

But Bitcoin only has ONE direct competitor: the U.S. dollar (or the entire rigged, debt-fueled worldwide banking fiat system).  It could give 2 shits about anything else.

Seriously guys? Those altcoin names suck so bad.

Ethereum: corporeal, not real, vapor, vaporware, gone

Dash: as in we 'dash off' with your money

Monero: something a Spanish street gang uses to buy drugs with

Litecoin: half the calories of Bitcoin! (or should I say 1/4)

Ripple: a shitty energy drink

Zcash: wtf? The last letter of the alphabet?

Stellar Lumens? Golem? Bytecoin?: I just cant.

... and I could go on. And these folks believe people are going to take these 'currencies' seriously on a world wide level? Come on...

Some of you guys that maybe don't have any experience in the stock markets, should go and do some research.

There are thousands of "penny stock" small cap companies out there, some of whose stocks trade for single digit dollars every day (millions of shares traded per day) that are literally bankrupt. Meaning that their outstanding debts far out way their assets, current net profits (if any), and future net profits (if any). Many of them make zero profit at all, and probably never will. And most have 90%+ of their stocks owned either by the CEO and/or their creditors, with the remaining float being tiny.

See any correlation here with the Altlandia market? I do.

The Korean's frenzy over ETH is pretty much exactly like the Chinese frenzy over bitcoin back in 2013. I.E., they weren't buying because they actually believed in it, but just to try and get rich quick. The Korean whale pumpers are having a field day right now.

The eventual ETH wash-out is going to be epic. But they'll be able to milk it as long as FOMO delusion is there.

Yes it's high. You won't find another cryptocurrency out there with that amount of work ($$$) and security being applied to the blockchain network. I estimate the mining support to be around $1300/btc break-even right now, and increasing with each passing month.

This is why pre-mined coins have no support at all, other than faith (trust?) on the few that hold the majority.

All Bitcoiners need to get comfortable with the idea that the State 'powers that be' will pump and promote a shitcoin in our lifetime, whose marketcap could actually exceed that of Bitcoin. Because they will do whatever they can derail Bitcoin's growth and success, and attempt to push people toward a cryptocurrency that 'they' can control long term.

They know that they don't have any leverage or control over Bitcoin, so the only thing that they can do is try to subvert the masses toward something else entirely. It's not competition, it is full out war.

This should not deter those that believe in the founding principles of Bitcoin in the first place.

Not sure exactly what you are referring to but yeah, that NLC was a complete tool, lol.

I spent much of the long bear market whining, basically just to vent my frustrations at seeing the market continue to decline week after week, month after month for so long. It felt like an eternity. I was a perma-bull all along and always knew Bitcoin would be huge some day, but spent much of the downturn making droll, sarcastic comments about the market (mostly just to amuse myself) and fighting with the trolls. I did it for so long that some other perma-bulls here actually started accusing me of being a bear troll myself! Now that really hurt. At that point, I knew I needed to chill out and just let things ride.

Ever since then, Bitcoin has proven my original hunch right. I finally feel vindicated for once in my life.

I agree. There are a few bulls on here that I admire for their perseverance... Jimbo is one of them.    He has the long term vision like me.

You still thinking about getting that Trezor? I highly recommend one.

There is no "best time" to buy bitcoin, you should buy it any time.  At any point in bitcoin's history, there are ALWAYS buyers and sellers. That's how a payment network/ currency works.

I guess if you want a better answer, watch the charts for a sizable dip (like now), then buy. Keep buying on the dips if you want more. Then HODL for years. Yes I said years. Unless you plan on purchasing something with it, then go ahead and do that right away after receiving your bitcoin. Get familiar with how that actually works. Because it will be the future of pymts. Maybe send a little to some friends/family so they can also see how that works too.

2- 10oz bars. Easier portability and storage. Was thinking about maybe getting some coins at some point too, just for fun.

If it makes you feel any better r0ach, I did buy some silver the other day. Bought 20 oz at spot price. I agree that silver is highly undervalued right now if you look at historical charts. I didn't sell bitcoin to buy it though. Just had some extra money to put to it. Everyone should probably own a little PM. But imo the vast majority of your $$$ should be in BTC.

Gold otoh, I'm not so sure. Looking at historical chart, it could fall another $300 before it bottoms out. I'm sure it's being held down by the "invisible hand" as well. Fkn naked shorts.

So you're scratching your head as to why people would go through the trouble to buy and secure a token at such exorbitant prices just to use some type of contract application? And not really use it as money?

Yeah, about that.... me too...

ETH didn't make any more sense to me (as a cryptocurrency that holds value) after it got pumped as when it did when it was basically being given away. I still don't get it. Neither do its investors. Neither does the media.