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 Posted: Fri Nov 3rd, 2017 08:01 pm
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Ultimark



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I will be the first to admit that I don't understand these currencies. I am indirectly investing in a penny stock from Canada, symbol GET on the Venture and GLNNF OTC in the US. Basically a mobile payment app but they are creating relationships with the alternate currencies and getting into the marijuana game as well. A start up and very speculative. My basis is 37 cents. Now selling for 88.8 cents USD. Of course that could go to a penny overnight. You never know with these things. It is worth at least checking out.

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 Posted: Fri Nov 3rd, 2017 08:02 pm
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Ultimark



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I invested on August 30th.

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 Posted: Wed Nov 8th, 2017 12:47 pm
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brodiescomics



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I have always been skeptical of crypto currency, and this is why...

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/



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 Posted: Wed Nov 8th, 2017 12:49 pm
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Ultimark



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Agree with the skepticism. Let's see what happens to my small investment today. It is indirect exposure so I should be OK - maybe. WTF do I know?

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 Posted: Wed Nov 8th, 2017 02:16 pm
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srossi

 

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brodiescomics wrote: I have always been skeptical of crypto currency, and this is why...

https://techcrunch.com/2017/11/07/a-major-vulnerability-has-frozen-hundreds-of-millions-of-dollars-of-ethereum/

I read about that yesterday.  But technical issues, corruption, and security problems aren't exactly unique to cryptocurrencies. 



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 Posted: Wed Nov 8th, 2017 03:32 pm
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Ultimark



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Stock up 10% today so who knows?

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 Posted: Wed Nov 8th, 2017 04:06 pm
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srossi

 

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Ultimark wrote: Stock up 10% today so who knows?
What stock is up?



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 Posted: Wed Nov 8th, 2017 04:29 pm
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tamalie
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The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.

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 Posted: Wed Nov 8th, 2017 04:45 pm
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srossi

 

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tamalie wrote: The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.
During the Super Bowl in January, a number of area strip clubs got equipped to accept Bitcoin.  The strippers had QR codes on their arms that could be scanned and there were Bitcoin ATMs on site.  That's when I knew it was starting to take off.  New tech always starts with naked chicks. 



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 Posted: Wed Nov 8th, 2017 07:51 pm
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Ultimark



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srossi wrote: Ultimark wrote: Stock up 10% today so who knows?
What stock is up?
GLNNF - a mobile payment app out of Vancouver that has signed a deal with netcoins.  Full disclosure - not the reason I bought the stock which is part of my very small go for broke allocation. 

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 Posted: Thu Nov 9th, 2017 05:30 pm
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tamalie
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srossi wrote: tamalie wrote: The 2014 version of the St. Petersburg Bowl at the Tropicana Field was called the Bitcoin St. Petersburg Bowl. You could not use Bitcoin to pay for tickets, concessions, souvenirs, parking or anything else at the game nor were North Carolina State and UCF paid their $500,000 fees in the equivalent Bitcoin amount. Fully understanding that the sponsorship was purchased in the name of getting publicity, I still have to say that the game was on TV in a bar some friends and I were drinking at and we made a seemingly endless number of dumb jokes and comments about people at the game attempting to buy stuff with Bitcoin only to be told to get lost by confused stadium workers.
During the Super Bowl in January, a number of area strip clubs got equipped to accept Bitcoin.  The strippers had QR codes on their arms that could be scanned and there were Bitcoin ATMs on site.  That's when I knew it was starting to take off.  New tech always starts with naked chicks. 

It definitely says something about the rise of Bitcoin and possibly also about the demographic of Bitcoin adoptees.

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 Posted: Fri Nov 10th, 2017 04:10 pm
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srossi

 

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"The Big Bang Theory" is about to do an episode on Bitcoin, and considering how popular that show is that should be huge.  I don't know how it's going to be portrayed though.  Liberals seem to hate Bitcoin for some reason.

Last edited on Fri Nov 10th, 2017 04:11 pm by srossi



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 Posted: Fri Nov 10th, 2017 04:53 pm
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Ultimark



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It does smell like a bubble to me but bubbles can go on for a very long time. I can see it as a currency but from an investment perspective it seems as though we could be in a bit of a mania right now. I am not predicting anything because you never know what could happen.

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 Posted: Mon Nov 13th, 2017 09:58 pm
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tamalie
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The negative perception that I've seen about Bitcoin, valid or not, stems either from it being an unregulated house of cards that could/will collapse at any moment and render its utilizers out tons of real dough and/or it is a way for criminal types to move around and launder ill gotten gains.

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 Posted: Mon Nov 13th, 2017 10:07 pm
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srossi

 

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tamalie wrote: The negative perception that I've seen about Bitcoin, valid or not, stems either from it being an unregulated house of cards that could/will collapse at any moment and render its utilizers out tons of real dough and/or it is a way for criminal types to move around and launder ill gotten gains.
This is indeed the perception that the mainstream media tries to push, and I find it pretty laughable. 

On the first point, anyone who was in the stock market or was involved on a run on a bank knows that anything can collapse at any time.  The stock market and the way the Fed manipulates currency is certainly as shady as anything happening with Bitcoin.  The difference is whether the government is doing it or individual investors are doing it.

The second point is typical scare-mongering about supporting terrorism, child exploitation, drugs, etc.  All the stuff that's used as an excuse for everything.  Bitcoin was the method of payment on the Dark Web for buying drugs, guns, etc. but I'd estimate less than 3% of people who currently are into Bitcoin have any idea about this.  I can also tell you that the exchanges are now heavily regulated and follow KYC (Know Your Customer), so to get approved for my account I had to scan my passport.  I didn't even have to do that the first time I opened a brokerage account in the '90s.  There is no anonymity anymore, at least not unless you're really technologically savvy and know some tricks, but that can be said for anything.  At this point you can't even hide your gains from the IRS much less buy something illegal without any trail.   



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