So comes the Bitcoin Bust
- Thread starter GOD HERE
- Start date
ClaytonBigsby
Well-Known Member
The market is going to implode with QE tappering down
ClaytonBigsby
Well-Known Member
So, does this mean Chinslappy will have to cut back from couches to recliners?
Unclebaldrick
Well-Known Member
That's twice.
Unclebaldrick
Well-Known Member
Nah, I doubt it's over. A major setback. But this market is being bought into by new people and will likely go through numerous other booms and busts. Dunno if it will ever hit a new high. Likelihood of this being the end: 25%. Likelihood of Bitcoins becoming worthless in five years or less: 95%. Those re my best guesses.
Be nice! I don't know Fin but I think I've probably known people like him. He's probably got a good heart. Don't laugh at his setbacks. Save that or those that deserve it. I'm rooting for you Fin. I hope tht hit was bought and paid for - because it sounds like cool shit that he'll have for a while.
Be nice! I don't know Fin but I think I've probably known people like him. He's probably got a good heart. Don't laugh at his setbacks. Save that or those that deserve it. I'm rooting for you Fin. I hope tht hit was bought and paid for - because it sounds like cool shit that he'll have for a while.
GOD HERE
Well-Known Member
After you see what he has to say a couple times and maybe watch one of his youtube videos of him reading the bible or capitalizing on his brothers death you won't feel bad for him anymore.
dannyboy602
Well-Known Member
who's finshaggy?
cannabineer
Ursus marijanus
Fin is safe. He's up to his armpits in sons-of-bitcoin.
Unclebaldrick
Well-Known Member
First, it's Baldrick. Second, I like the Wizard of Oz. I like the tin man.
Edit: I regret not giving you the translation. Here it is: if smoking pot ever made me that stupid, I would not smoke pot.
Unclebaldrick
Well-Known Member
When I wrote that I figured it might bite me in the ass. You make a strong point. But still, I'm new here and thought it would be best to give the benefit of the doubt.
GOD HERE
Well-Known Member
Oh by all means, watch some of his youtube videos and decide for youself. That's all I'm suggesting!
SunnyJim
Well-Known Member
Bongbrain, your logic is flawed. Unclebaldrick is evaluating two different probabilities. He suggests:
1. There is a 25% chance the value of a Bitcoin will continue to rapidly plummet (never again rising significantly), therefore signalling the end of Bitcoin as an investment.
This leaves a 75% chance the value of Bitcoin will rise again, and continue to rise above previous highs.
2. There is a 95% chance Bitcoin will no longer be traded in any capacity within 5 years.
This leaves a 5% chance Bitcoin will still be actively traded in 5 years, and beyond.
Both these scenarios can be considered to be independent of one another, therefore the percentages to not need to marry up.
Class dismissed.
Unclebaldrick
Well-Known Member
Unclebaldrick
Well-Known Member
Yeah.
Damn.
Damn.
helendouglas
New Member
In addition, Bitcoins has 21 million limit which will be likely reached until the year 2140. But the rise in value went nuts. From around $13 it went up to $1000 per BTC. Unstable and unpredictable it may be but I'm optimistic that virtual currency could bring potential benefits in the future.