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 Posted: Mon Nov 13th, 2017 10:11 pm
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srossi

 

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P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  



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 Posted: Tue Nov 14th, 2017 12:32 am
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Quattro

 

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Yeah that was me.

I bought it fell.

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 Posted: Tue Nov 14th, 2017 08:14 am
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Kriss



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srossi wrote: P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  

This sounds like when the nWo broke up into Black & White and Black & Red. It's the beginning of the end. Just make sure you don't invest in the B-team.



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 Posted: Tue Nov 14th, 2017 02:31 pm
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srossi

 

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Kriss wrote: srossi wrote: P.S. Bitcoin took a huge dump over the weekend and went from $7,000 to $5,500.  It's back to $6,400 as I type this.  Again, followng the pattern, don't be shocked if it now hits $8,000 somewhat quickly.  I'm a bit more wary about it this time though because all the Bitcoin money went into its off-shot Bitcoin Cash, which doubled as Bitcoin sank.  So there's a bit of a Bitcoin war going on.  

This sounds like when the nWo broke up into Black & White and Black & Red. It's the beginning of the end. Just make sure you don't invest in the B-team.

LOL  The debate right now is which one is the B team.  I'm all in on Bitcoin Classic.  Then there's also Bitcoin Gold, which is the one that has Vincent and Horace in it.



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 Posted: Tue Nov 14th, 2017 02:34 pm
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Ultimark



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That explains why my stock when down 15% yesterday and recovered a bit at the end.

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 Posted: Tue Nov 14th, 2017 02:35 pm
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Ultimark



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Just checked. The stock, GLNNF, is down another 10% today. My basis is only 37 cents per share though.

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 Posted: Tue Nov 14th, 2017 02:42 pm
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Superstar



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The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.



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 Posted: Tue Nov 14th, 2017 02:57 pm
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srossi

 

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Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.



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 Posted: Tue Nov 14th, 2017 03:11 pm
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Superstar



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srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.



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 Posted: Tue Nov 14th, 2017 04:40 pm
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srossi

 

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Superstar wrote: srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.

It was an evokaution from the '30s to the '60s I think of slowly pulling us off of it.  The confiscation of gold coins incident definitely left a last impression on anyone old enough to have lived through it.  Most don't remember it today though.

Last edited on Tue Nov 14th, 2017 04:41 pm by srossi



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 Posted: Tue Nov 14th, 2017 09:25 pm
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Superstar



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srossi wrote: Superstar wrote: srossi wrote: Superstar wrote: The entire premise of Bitcoin sounds like a giant work. It's money that's not real, and people accept it for goods and services. Which makes it seems like it's money but it's not. Like I said, i would have taken some for free, but never pay for it.
All of our currency has been a giant work since we came off the Gold Standard about 80 years ago.

I can agree with that too.  But weren't we still on the Gold Standard right up until Nixon took office?  My dad told me he remembers when they basically confiscated all the gold coins in circulation and made you exchange them for paper money because the gold was worth more than the face value at that time.  They also stopped issuing gold certificates, and by the late 50s pulled all the silver certificates from circulation too.  I have a couple of those that I got in my change over the years, they aren't worth much more than a buck but they are cool to have.

It was an evokaution from the '30s to the '60s I think of slowly pulling us off of it.  The confiscation of gold coins incident definitely left a last impression on anyone old enough to have lived through it.  Most don't remember it today though.

Asked my dad why they just didn't keep the coins, and he said "we wouldn't have had money for food, so we were forced to trade them in".



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 Posted: Wed Nov 15th, 2017 04:15 pm
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srossi

 

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Quattro wrote: Yeah that was me.

I bought it fell.

It's already back to $7,200 on the way to a new high.  You're fine.



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 Posted: Fri Nov 17th, 2017 02:59 pm
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srossi

 

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srossi wrote: Quattro wrote: Yeah that was me.

I bought it fell.

It's already back to $7,200 on the way to a new high.  You're fine.

Bitcoin hit (or came within dollars of hitting) $8,000 over night and has now settled in at $7,900.  I really wish I was actively trading this instead of just holding because the pattern has become so predictable.  Anyone buying all the dips and selling the peaks are making a killing.  Even me just holding, I'm up almost 4x.  I don't see $10,000 this year being out of the question at all and don't know how far this can go.



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