Official cryptocurrency thread (Bitcoin, Ethereum, Altcoin)

[Omm]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

[Marky147]

Hate his AV software.

[Doobs]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

snigger

[typhoon13]

Should start to get more volatility as the first regulated derivatives exchange comes on board tomorrow night

Lurrrrrv volatility

Are the big boys going to sell it down!!!!

You are going to see big crashes along the way but this beauty is here for the long term......mark my words

[TightEnd]

Crypto through the tulips

Putting a price on Bitcoin

A wide spread of prices is a sign of a malfunctioning market

https://www.economist.com/blogs/buttonwood/2017/12/crypto-through-tulips?fsrc=scn/tw/te/bl/ed/

[tikay]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

I'm a bit mystified by that - can someone explain that to me please?

How are bubbles & corrections "mathematically impossible" in Blockchain?

[typhoon13]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

I'm a bit mystified by that - can someone explain that to me please?

How are bubbles & corrections "mathematically impossible" in Blockchain?

Blockchain in one form or another is going to be with us for the foreseeable future

The younger generation can see the massive advancement this holds

Whatever happens to the price it will always bounce back

He is comparing it too the sort of things likes...email...CDs ..internet...Pay Pal..wifi...Smart phones....basically blockchain is massive advancement

[typhoon13]

https://www.perrymarshall.com/48074/bitcoin-nuclear-winter/

[tikay]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

I'm a bit mystified by that - can someone explain that to me please?

How are bubbles & corrections "mathematically impossible" in Blockchain?

Blockchain in one form or another is going to be with us for the foreseeable future

The younger generation can see the massive advancement this holds

Whatever happens to the price it will always bounce back

He is comparing it too the sort of things likes...email...CDs ..internet...Pay Pal..wifi...Smart phones....basically blockchain is massive advancement

Well I don't doubt for a moment that Blockchain is here to stay, & that it is an "advancement".

My question was why is it immune to bubbles & correction?

[typhoon13]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

I'm a bit mystified by that - can someone explain that to me please?

How are bubbles & corrections "mathematically impossible" in Blockchain?

Blockchain in one form or another is going to be with us for the foreseeable future

The younger generation can see the massive advancement this holds

Whatever happens to the price it will always bounce back

He is comparing it too the sort of things likes...email...CDs ..internet...Pay Pal..wifi...Smart phones....basically blockchain is massive advancement

Well I don't doubt for a moment that Blockchain is here to stay, & that it is an "advancement".

My question was why is it immune to bubbles & correction?

I presume he thinks the price will just march on

Its short history already shows its not immune to correction

Take a look at the Perry Marshall link its interesting

[4KSuited]

https://www.perrymarshall.com/48074/bitcoin-nuclear-winter/

Thanks for the link.

Definitely worth a read - esp. for the old school investors.

[EvilPie]

John McAfee (Anti Virus founder) tweeted this earlier:

Bitcoin now at $16,600.00. Those of you in the old school who believe this is a bubble simply have not understood the new mathematics of the Blockchain, or you did not cared enough to try. Bubbles are mathematically impossible in this new paradigm. So are corrections and all else

Thoughts?

Been great watching this thread develop.

I'm a bit mystified by that - can someone explain that to me please?

How are bubbles & corrections "mathematically impossible" in Blockchain?

Blockchain in one form or another is going to be with us for the foreseeable future

The younger generation can see the massive advancement this holds

Whatever happens to the price it will always bounce back

He is comparing it too the sort of things likes...email...CDs ..internet...Pay Pal..wifi...Smart phones....basically blockchain is massive advancement

Well I don't doubt for a moment that Blockchain is here to stay, & that it is an "advancement".

My question was why is it immune to bubbles & correction?

I presume he thinks the price will just march on

Its short history already shows its not immune to correction

Take a look at the Perry Marshall link its interesting

What happened to the price of CDs and smart phones? Did they just march on?

I imagine bitcoin's biggest threat is another crypto becoming the major force in the crypto market, surely there isn't room for them all?

People could abandon bitcoin as quickly as they abandoned Betamax.

[RED-DOG]

They've abandoned Betamax?

[Graham C]

Firstly I know very little about it all but from a logical point of view, in the real world, a £5 item is still costing £5 a week later. With Bitcoin, it's no longer £5 the following week, it's £15.  Apart from the fact that it's not sustainable, it's primarily a currency but the value is consistently changing making it impossible to actually trade with.  The people keen on virtual currency seem to be those that just hold the currency, not those that want to do something with the currency.

[Graham C]

Also worth adding, I'm quite jealous of those that bought cheap:D  Hope you are making a lot.