View Poll Results: Is Bitcoin GOOD or BAD

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  • Will it continue to grow?

    17 70.83%
  • Will it collapse?

    7 29.17%
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  1. #1
    babyboysteve60 is offline New Member
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    Exclamation Understanding bitcoin

    I really dont understand it, some sites say its good and some say its bad, there are even affiliate sites that now give you bitcoin as payment. Does some really know if its good or bad?

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  3. #2
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    Hi babyboysteve60,

    BitCoin is definitely a good thing. You would never believe how much 1 Bitcoin is worth at the moment. It's worth nearly $20,000 USD.

    Also, Bitcoin us relatively new to the market and to the world too. It's exactly like the share market. It's always fluctuating...
    Last edited by Cash Bonus; 8 December 2017 at 10:44 pm.

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    Bad: No
    Good:No...

    Jump on the"boat" and if u dont feel save enought - sell your coins.

  6. #4
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    It has its good points and bad points. Over the long run, Bitcoin has climbed and climbed, but being so volatile means that the price can crash almost instantly.
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  8. #5
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    It's exactly like the share market
    Not exactly, the majority of the money is held by drug dealers, dodgy dealers on the dark web and money launderers. The latest rise will continue because of the mainstream press creating huge amounts of publicity, followed by millions of people jumping on the bandwagon. It's certainly in a bubble, but that could last for years. It's a highly volatile investment.

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  10. #6
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    "the majority of the money is held by drug dealers, dodgy dealers on the dark web and money launderers."

    Exactly, and moreover: In the meantime every 17th Bitcoin is stolen. So it is a proven fact, that the majority of Bitcoins is under controls of criminals and as you said, will be used for crime. The electricity usage is so high in the meantime, almost as high as Denmark, so high, that Bitcoin destroys the environment in the long run and with good reasons now Steam bans Bitcoin, because it's too dangerous for them.

    After the Lehman Brothers 2.0 madness with the coming Bitcoin Futures speculation cannon reaches the climax, the value of Bitcoin within 4 days can crash down to Zero anytime in the future.

    There is a simple factor, that even newbies should be alarmed: The increasing and absurd high transaction fees of Bitcoin, a help cry of a "currency" you not even can buy a piece of bread with.

    Do you really believe, in online Casinos players are depositing Bitcoins because they want to have fun?

    It is a proven fact, that online casinos acting like pure money laundering machines for Bitcoin in the meantime, and once again, this industry is in a deep slumber la Sleeping Beauty, but this money laundering will lead to more regulations, to more monitoring of governments, will lead to the end of many affiliate and program careers. Do you really believe, they close their eyes and are as stupid as some believe here?

    So Bitcoin is not only responsible for a rising era of almost anonymous child abuse, live torture, live killing, assassinations, blackmail, hostage taking, terror financing, money laundering, drug and weapon deals. It is also responsible for the probably end of online casino affiliation as we know it.

    Homeland started monitoring, and agencies do that since some time. The trigger was the evil part of the Dark Net.

    Now, after also the Mafia started to use Bitcoin as money laundering tool in online casinos, the law enforcement will not look away. This is a huge threat, huge crime, and every online casinos, that accepts Bitcoin is under investigation sooner or later or will face a lockdown, at least very strict regulations, what is the right move, because only complete morons would say, that this modern crime is not that important, because also real cash will be used for crime.

    But Thank Goodness, Homeland and others are not operated by complete morons.
    They will try everything to put this criminal Bitcoin swamp down.
    And with a snap of the finger, the Bitcoin Futures can be banned.
    This is also an interesting fact.

    Leopold


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  12. #7
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    Quote Originally Posted by Scampi View Post
    Not exactly, the majority of the money is held by drug dealers, dodgy dealers on the dark web and money launderers.
    The market cap of this product has exploded this year. Retail investors joining the party, hedge funds gobbling up btc, and I'm certain some banks are buying it as well through their shady shell corps. Large companies like Overstock have been accepting it for years, and holding a tiny bit as well. I've known poker players investing in BTC since the double digits. I've met people with multi-million dollar stashes of btc who bought in at single digits. I've known people trading and using gains to accumulate coins online for 4+ years.

    Hell, Satoshi owns a million bitcoins by himself. Then you have huge holders like Roger Ver and the Winklevoss twins who also pull out a billion in market cap a piece. The US Federal government owns a very large chunk, granted, taken from shady dark web drug dealers lol, but no longer in their hands to be sure!

    I would agree that the proportions of illicit funds were much higher in the past is true. However, in the current era, to assume that all of this is drug money is silly IMHO.

    I would want to see some factual evidence before I believe this to be true!

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  14. #8
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    "I would want to see some factual evidence before I believe this to be true!"

    Hello?!

    The internet if full of data, documents, facts and verdicts, all this "silly" evidence.

    But as always, a matter of education in my opinion and the difference between real truth seekers and believers with a tunnel vision.

    Leopold

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  16. #9
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    This should be moderated. If there is a discussion about who are the largest holders (it is early adopters and exchanges), then something is wrong. It is like discussing creationism.
    We are all bloodsucking ticks, hungry, devious
    each one latched on to the ass of the previous
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  18. #10
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    "This should be moderated."

    Hui, Sherlock requests censorship again.
    Really strong.
    Is this the solution of the Bitcoin guys who can't live with truths?
    Very unmasking.

    "It is like discussing creationism."

    Mocking this religious believe, aside many facets of religious believes, that are protected by the First Amendment and does not harm anyone, on the contrary to other "believes", but are important to many people simply to have a better day or a better mood, a peaceful view on life, or simply to have consolation when a loved person passed away, bringing this into the game is also not a sign of strength, and the attempt to compare factual truths with religious believes in general is weak and no argument.

    Leopold

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  20. #11
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    This should be moderated.
    You seriously want some comments moderate because you don't agree with them?

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  22. #12
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    Never be moderated everyone has there opinions? But you can be blocked

  23. #13
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    Quote Originally Posted by babyboysteve60 View Post
    I really dont understand it, some sites say its good and some say its bad, there are even affiliate sites that now give you bitcoin as payment. Does some really know if its good or bad?
    Who wouldn't want to be their own bank? Haha
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  25. #14
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    haha good question :

  26. #15
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    I don't think that Bitcoin is related somehow with gpwa.org

  27. #16
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    Quote Originally Posted by Scampi View Post
    You seriously want some comments moderate because you don't agree with them?
    You seriously doubt my opinion? It is my opinion man. It is my sacred holy opinion! How you dare... /s

    On serious note: yes, imbeciles who spread nonsense should be moderated and deleted. My forum is like that and people appreciate that, because there is not nonsense but information. The most valuable posters of this forum, who actually make money, either go away or are nasty, because it is hard to argue with retards.

    But it is up to the owners of this forum, whether they want to have a nazi circus here or business discussion.
    We are all bloodsucking ticks, hungry, devious
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  28. #17
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    I'm always suprised about the negative nonsense some bitcoin haters believe in. We finally have a solution that gives power back to the people, is able to give access to money to the other 70% of the world that is "unbanked" right now, that is decentral without a central bank that can make your money worthless within a day. Bitcoin itself may not be the answer to all of that as it's not perfect but there are many other cryptocurrencies that come close to that. Don't see Bitcoin as money but a store of value like Gold. Gold also has incredible transaction fees. I mean you have to mine and produce it. And when you want to own some you need to pay shipping etc. Bitcoin is way cheaper to handle than that. The actual currencies that will be used are not Bitcoin but others.

    And in regards to online gambling: the blockchain technology can finally create a 100% fair casino where everybody can check if they get scammed or not, if a bonus should have been paid or not, and so on. Anybody really wants to argue against that?

  29. #18
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    Nobel Prize winner Robert Shiller says with respect to bubbles, "the best example right now is Bitcoin". The Yale economist warns, Bitcoin likely to "totally collapse".

    Study Credit Suisse: 97% of all Bitcoins are in the hands of only 4% of all owners, the whales.

    Thailand: Fake Interpol agents confiscated 80,000 Euro Bitcoin under false pretences from a young Russian couple. Bitcoin crime is rising!

    Leopold

  30. #19
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    "I think there is a world market for maybe five computers."


    Thomas Watson, president of IBM

    "There's no chance that the iPhone is going to get any significant market share. No chance,"
    Steve Ballmer


    Easier to make useless citations than arguing I guess.

  31. #20
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    Quote Originally Posted by Roulette Zeitung View Post
    Nobel Prize winner Robert Shiller says with respect to bubbles, "the best example right now is Bitcoin". The Yale economist warns, Bitcoin likely to "totally collapse".

    Study Credit Suisse: 97% of all Bitcoins are in the hands of only 4% of all owners, the whales.

    Thailand: Fake Interpol agents confiscated 80,000 Euro Bitcoin under false pretences from a young Russian couple. Bitcoin crime is rising!

    Leopold
    just shut up finally
    you really are retarded (GPWA feel free to ban me if you think I contribute less than this weird creature)
    and yes, the GPWA server is logging me off in certain countries and there is zero conspiracy about it
    and yes, black hat SEO is 100% legal and as even white hat SEO, is just unwanted by google
    and yes, I like my privacy
    and yes, jailbait is not something for which people go to prison, even my recent gf pics are that kind
    and yes once again, you are one of the biggest annoying retards I met online

    We are all bloodsucking ticks, hungry, devious
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