Crypto Poll: Hows it going to end for Bitcoin?

Discussion in 'Other Asset Classes' started by Blueskies, 28th Nov, 2017.

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Poll: How's it going to end for Bitcoin?

  1. Near worthless by the end 2017

    2 vote(s)
    1.7%

  2. Near worthless by the end 2018

    13 vote(s)
    11.2%

  3. Near worthless in the next 5 years

    40 vote(s)
    34.5%

  4. Volatile but finding some stability in the future

    35 vote(s)
    30.2%

  5. Steady gains continuing well into the future

    7 vote(s)
    6.0%

  6. Continuing to shoot the lights out, $100k plus in the next decade!

    21 vote(s)
    18.1%
Multiple votes are allowed.
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  1. TheRayTracer

    TheRayTracer Well-Known Member

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    While not *********, I find MG's use of the Ripple network questionable. Firstly, when using MG, WU and other large remitters, the funds are available on the beneficiary side within 10 minutes and have near zero transaction costs. Using the Ripple network is cute but MG, WU, etc will still be charging the same fees. Note that fees does not equal transaction costs. Furthermore, fiat does not need to cross boarders, all remitters use a concept called offsetting to make funds available. However, there is occasionally a pallet consignment of fiat via a cargo plane to settle up over time. Secondly, the remitters if using the Ripple network will most likely have there own bucket of Ripple that they would "trade" internally for $1 per Ripple (1:1). These are just my observations. :)

    It's also interesting to see the R3 vs Ripple sue/counter-sue playout. :)
     
    TheRayTracer, 12th Jan, 2018
    #21
  2. jim1964

    jim1964 1941

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    jim1964, 13th Jan, 2018
    #22
  3. hammer

    hammer Well-Known Member

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    hammer, 13th Jan, 2018
    #23
    Piston_Broke and jim1964 like this.
  4. qak

    qak Well-Known Member

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    Did you leave out the last word?
     
    qak, 13th Jan, 2018
    #24
    sharon and jim1964 like this.
  5. kcbworth

    kcbworth Well-Known Member

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    This poll result is looking pretty accurate
     
    kcbworth, 19th Jun, 2022
    #25
    MWI likes this.
  6. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Pretty sure this comment isn’t gonna age well :)
     
    Ouga, 20th Jun, 2022
    #26
    kcbworth likes this.
  7. kcbworth

    kcbworth Well-Known Member

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    Well the poll was made in in Nov 2017 so 5 years from then is only a few weeks away...

    Volatile but finding some stability in the future is a big result in the poll too
     
    kcbworth, 20th Jun, 2022
    #27
    The Roy and Ouga like this.
  8. Ouga

    Ouga Well-Known Member

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    "Trying is the first step towards failure" Homer
    Oops sorry I didn’t realise it was with a 5 years timeframe in the initial post!
     
    Ouga, 20th Jun, 2022
    #28
  9. codeninja

    codeninja Well-Known Member

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    Just a thought. Did anyone commented made 6x during ATH?
     
    codeninja, 6th Sep, 2022
    #29
  10. iloveqld

    iloveqld Well-Known Member

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    Why don't we have options: Volatile forever (10y+)

    Real reason big scam need time to cool off or awaiting for another bigger scam
     
    iloveqld, 7th Sep, 2022
    #30
  11. Ace in the Hole

    Ace in the Hole Well-Known Member

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    The OP was almost precisely 5 years ago.
    I just checked the Bitcoin price as I don’t get involved with it, and it’s up a marginal 18.4% over the past 5 years.
    Seems like a below average investment so what was all the hype about?
     
    Ace in the Hole, 28th Nov, 2022
    #31
    gman65, Blueskies and Bongo like this.
  12. Silverson

    Silverson Well-Known Member

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    11th Jun, 2016
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    Melbourne
    I bought in March 2017 and am over 15x original investment(gamble).
     
    Silverson, 29th Nov, 2022
    #32
    codeninja likes this.
  13. Hockey Monkey

    Hockey Monkey Well-Known Member

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    Why didn’t you sell when you were 60x up?
     
    Hockey Monkey, 29th Nov, 2022
    #33
  14. Silverson

    Silverson Well-Known Member

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    Cause no one told me that was the top of current cycle
    *And I’m an idiot
     
    Last edited: 29th Nov, 2022
    Silverson, 29th Nov, 2022
    #34
  15. geoffw

    geoffw Moderator Staff Member

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    Newcastle
    Are you continuing to HODL?
     
    geoffw, 30th Nov, 2022
    #35
  16. Silverson

    Silverson Well-Known Member

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    Yep, I’m fairly confident we will see higher highs in about 2 years so I’m adding a little every extra whenever I’ve got a few dollars left over.
    I’ve always had this hold forever/never sell rule with all my investments however I really have to consider trimming holdings into later this decade.
     
    Silverson, 30th Nov, 2022
    #36
    codeninja likes this.
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