Off Topic Thursday!

Feel free to talk about almost anything in this thread.


Comments


[5 Points] cheapcab:

Had a splitting headache at 2am. Sucked but went away by 4. Sleepy as hell. Glad it's Friday.


[3 Points] None:

[deleted]


[3 Points] BigLeagueBanker:

The problem with Bitcoin as an actual "investment" is that the price is built merely on speculation alone. Traditional pricing models for currency don't apply to BTC as there isn't an underlying economy that supports it's price due to supply/demand transactions that occur in a given nation. It's also not a company with fundamental value underlying it.

The only thing that has been driving price increases in bitcoin are more people buying in, in hopes that the price will continue to increase. In other words, it is a bubble because the price increases are due strictly to speculative buying rather than fundamental value, earnings or functional utility. Thus you can see whenever the smallest occurrence happens that leads the holders of BTCs to speculate that the price might not continue to increase- the price is subject to incredible downturns because there is no underlying value supporting a basement price.

-Drunk JP Morgan Employee


[1 Points] None:

[deleted]


[1 Points] BayLapse:

https://www.reddit.com/r/Bitcoin/comments/6zusvt/this_is_how_jamie_dimon_buys_bitcoin/?st=J7KEX34T&sh=d4de2a1d


[1 Points] None:

when nexusflipping, do you guys eat or snort the 2cb?


[1 Points] SuperNotCoolMan:

When does fucked up Friday start? Oh I thought it was moronic Monday.