BIT COIN (S)

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It's by no means the death knell, but it is an insight into the hyper-deflation problems with BitCoin at the moment and why a correction is inevitable. If you can't buy anything with it (and a HUGE amount of hype is coming from the video game / streamer industry at the moment, with their impressionable followers) what value does it have as a currency?

Certainly looks like it is playing a dangerous game with your money. If the biggest platform in the gaming industry doesn't want to touch it, I can imagine that having a knock on effect.
 
Certainly looks like it is playing a dangerous game with your money. If the biggest platform in the gaming industry doesn't want to touch it, I can imagine that having a knock on effect.

you would think so, but virgin libertarians are the driving intellectual force behind this, and if Donald Trump is anything to go by, they'll blame Steam, not Bitcoin, even after the latter collapses
 

I would also like to note that for all my skepticism about Bitcoin, I am 100% all in on Petros, the REAL cryptocurrency of the future! And I would encourage all of you to do likewise.

I plan to sell when the Petro hits 100 kajillionty dollars

Enter the 'petro': Venezuela to launch oil-backed cryptocurrency
https://www.reuters.com/article/us-...aunch-oil-backed-cryptocurrency-idUSKBN1DX0SQ

anigif_enhanced-buzz-17032-1355413750-16.gif
 
For those keeping track, this is how long it has taken the
cryptocurrency to cross the key psychological levels:

BTC:


$0000 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours
 
For those keeping track, this is how long it has taken the
cryptocurrency to cross the key psychological levels:

BTC:


$0000 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours


Two things there Kev. What's a "key psychological level(s)"?

Two, what has been driving the growth in value and why do you believe that growth is sustainable?
 
For those keeping track, this is how long it has taken the
cryptocurrency to cross the key psychological levels:

BTC:


$0000 - $1000: 1789 days
$1000- $2000: 1271 days
$2000- $3000: 23 days
$3000- $4000: 62 days
$4000- $5000: 61 days
$5000- $6000: 8 days
$6000- $7000: 13 days
$7000- $8000: 14 days
$8000- $9000: 9 days
$9000-$10000: 2 days
$10000-$11000: 1 day
$11000-$12000: 6 days
$12,000-$13,000: 17 hours
$13,000-$14,000: 4 hours
$14,000-$15,000: 10 hours
Hmmm, looks like a bit of a slowdown there; 10 hours for the last $1000 jump in value but only 4 hours for the one before that.
 

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