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| Bitcoin | Rating: 
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| Posted: Wed Jun 7th, 2017 07:15 am |
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1st Post |
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srossi HALL OF FAMER
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Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet.
____________________ This thread was great before AA ruined it. |
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| Posted: Wed Jun 7th, 2017 08:00 am |
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2nd Post |
Mysterious
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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. Please explain to me what Bitcoin is and how it works. I was reading on another forum that had you invested a measly $100 back when it started, you'd be worth a shitload today.
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| Posted: Wed Jun 7th, 2017 08:20 am |
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3rd Post |
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srossi HALL OF FAMER
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Mysterious wrote: srossi wrote:Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. I was hoping someone wouldn't ask that because it's not really easy to explain. The most common question is "What is Bitcoin backed by?" and the answer is "Absolutely nothing", which is both exciting and terrifying. It's crypto-currency, a digital payment system. I have never understood how mining works or any of that stuff. I basically looked at it as a long-term investment, like I would any stock. You basically open an electronic wallet first, that's where you store your Bitcoins. You have to be very careful about keeping these secure, hackers are out there and it's all just computer code waiting to be stolen. Then they have exchanges, just like stock exchanges, where you can buy and sell. Many merchants now accept Bitcoin as currency, the first big one being Overstock.com I think, but I've never bought anything with it. It's going through the roof and hasn't had many setbacks and if you put any amount at all into it in 2009, you'd be a millionaire today. It could also all fold like a house of cards at any time. Last edited on Wed Jun 7th, 2017 08:21 am by srossi ____________________ This thread was great before AA ruined it. |
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| Posted: Wed Jun 7th, 2017 08:27 am |
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4th Post |
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srossi HALL OF FAMER
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By the way, important point which I did not make clear: if you don't want to risk $3,000 you don't have to. You can buy less than 1 full Bitcoin. So you can try it out with maybe $200 to get the hang of it.
____________________ This thread was great before AA ruined it. |
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| Posted: Wed Jun 7th, 2017 03:39 pm |
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5th Post |
freebirdsforever2001
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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. Well if a Billionaire like Cuban says it's about to burst, then I trust his opinion when it comes to making money.
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| Posted: Wed Jun 7th, 2017 03:45 pm |
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6th Post |
KGB
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I realize that without a gold standard the value of all currency is to some degree speculative but this just seems extra-dodgy. How susceptible is it to speculators, such as George Soros?
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| Posted: Wed Jun 7th, 2017 06:23 pm |
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7th Post |
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srossi HALL OF FAMER
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freebirdsforever2001 wrote: srossi wrote:Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. What about the other billionaires who love Bitcoin? You realize no one agrees on anything, right? Besides, no one knows when a bubble will burst. You can make a fortune before it does, like so many did with tech stocks 15 years ago. Last edited on Wed Jun 7th, 2017 06:24 pm by srossi ____________________ This thread was great before AA ruined it. |
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| Posted: Wed Jun 7th, 2017 07:39 pm |
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8th Post |
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Superstar '18-'19 POTY, 1st Ballot HOFer 
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I remember this about six years ago. I was going to try to mine the bitcoin because I figured it was free - but my computer wasn't good enough to do it.
____________________ "Jack Brisco grabbed my testicles once but I told him "Brisco, you have exactly 15 minutes to get your hands off my balls"." -WongLee 7/22/2017 |
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| Posted: Wed Jun 7th, 2017 07:49 pm |
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9th Post |
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srossi HALL OF FAMER
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Superstar wrote: I remember this about six years ago. I was going to try to mine the bitcoin because I figured it was free - but my computer wasn't good enough to do it. No one's is, at least not any more. You need special graphic cards and tons of power to get anything these days. Like enough power to compromise the grid. This is a really interesting article about underground mining in Venezuela. https://www.google.com/amp/reason.com/archives/2016/11/28/the-secret-dangerous-world-of/amp Last edited on Wed Jun 7th, 2017 07:49 pm by srossi ____________________ This thread was great before AA ruined it. |
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| Posted: Wed Jun 7th, 2017 07:56 pm |
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10th Post |
freebirdsforever2001
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srossi wrote: freebirdsforever2001 wrote:srossi wrote:Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. All I said that if Cuban poo-poo's it, then I would stay away from it.
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| Posted: Wed Jun 7th, 2017 09:01 pm |
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11th Post |
Mysterious
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Last edited on Wed Jun 7th, 2017 09:06 pm by Mysterious |
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| Posted: Sat Jun 10th, 2017 05:00 pm |
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12th Post |
Ultimark
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srossi wrote: Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. Yea, I brought this up to my neighbor several years ago and he begged me to stay away. Since he knew more, I did. He regrets telling me that. I figure the ship has sailed and getting in now could cause me to drown.
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| Posted: Sun Jun 11th, 2017 03:41 am |
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13th Post |
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srossi HALL OF FAMER
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Ultimark wrote: srossi wrote:Just under $3,000 now. This was on my radar in Libertarian circles back when it was 10 cents. So mad I didn't trust my gut and jump in at the beginning, but I got in at around $2,300 and people I respect are saying it could go up 20x more in the next 12 months. Then you have Mark Cuban who says it's a bubble that's about to burst. Certainly risky to get in now but if you drop less than $10,000 for 3 bitcoins, a very modest investment, you could still find yourself in a very good position. Curious if anyone else is in or researching this. I'm on the Gemini exchange and use the Electrum wallet. People thought the ship had sailed when it hit $50. It could easily get to $5000 or more before the bubble bursts. Serious money is just now starting to get involved.
____________________ This thread was great before AA ruined it. |
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| Posted: Sat Aug 12th, 2017 09:14 pm |
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14th Post |
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srossi HALL OF FAMER
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Since I started this thread 2 months ago, Bitcoin is up $1,000 to just under $4,000 and "split", to create Bitcoin Cash, which you automatically got for "free" if you had Bitcoin. It's been an absolute juggernaut for me. I haven't made this much investing since 2000 in the stock market when I could do no wrong. And I have Ethereum too, which is also way up. Last edited on Sat Aug 12th, 2017 09:14 pm by srossi ____________________ This thread was great before AA ruined it. |
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| Posted: Sun Aug 13th, 2017 09:49 pm |
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15th Post |
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WongLee HALL OF FAMER 
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I hear it's great for buying narcotics and guns on the Dark Web. Can't be all bad.
____________________ "Did Scott Hall fuck Mike Johnson's wife?" Kriss in the Scott Hall will be dead soon thread |
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