Bitcoin

Sort by newest Sort by date
bmneveu said:
I invested $150 in the cryptocurrency world on 27 November. I don't plan on taking it out anytime soon and I'm totally fine with considering that money gone. But there's that small chance that it turns into a fortune so I put my toe in the water. Water's warm so far.
Click to expand...
Same here. I’m going to dip my toes in the water after the first of the year with an amount I don’t mind waving goodbye to.
 
Bitcoin: $17,100

Litecoin: $378 (up 100% today)

Ethereum: $634

Where do you think we are on the Cycle of Emotion?


121217a.jpg
 
JimFromak said:
Sorry but they look like tokens for a carwash.
Click to expand...

It's worse than that (as far as your argument goes). They aren't physical coins. All digital.

Those coins you see out there are just souvenirs, for lack of a better term. Owning them certainly takes a leap of faith that it turn into an actual currency, which is why it's so risky. But economist Paul Krugman once said of the internet that it will not have any more impact than the fax machine. :D

bitcoin_front_small.jpg
 
tsptalk said:
Bitcoin: $17,100

Litecoin: $378 (up 100% today)

Ethereum: $634

Where do you think we are on the Cycle of Emotion?


121217a.jpg
Click to expand...

Somewhere between Excitement and Thrill.
Of course you it could be argued that people are buying cryptos at the present levels out of Desperation because they Fear they'll miss the Thrill of the Euphoria. :laugh:
But, what do I know. I'll never invest more in cryptos than I'm willing to lose and not miss. Which ain't much.
 
[h=1]People Mortgaging Their Homes To Buy Bitcoin, Report Says[/h]
December 12, 2017 at 11:32 am

Video:

According to reports, a number of investors looking to cash in on the soaring prices have resorted to putting their houses up as collateral to fund the venture.
“We’ve seen mortgages being taken out to buy bitcoin. People do credit cards, equity lines,” Joseph Borg of North American Securities Administrators Association said, via Business Insider.
The president of the securities firm added that he believes the risks outweigh the rewards tied to the popular cryptocurrency. “This is not something a guy who’s making $100,000 a year, who’s got a mortgage and two kids in college ought to be invested in.”

People Mortgaging Their Homes To Buy Bitcoin, Report Says « CBS Dallas / Fort Worth
 
JimFromak said:
Sorry but they look like tokens for a carwash. Currency based on what? I'd rather buy tulips, at least the will grow.
Click to expand...

Buy your tulips and mark this post and refer back in one year. We will take a picture of your tulips and I will take a picture of my Coinbase account. If your tulips were a better investment financially, I will buy you a dozen tulips. No need to bash something because you don't understand it. Research first and attempt to conduct some due diligence and then choose wisely. God Speed and good luck,
 
OK, I am putting my bitcoin / coinbase affiliate ad back on the page. I had it posted several months ago and just 1 person took advantage. Of course bitcoin is up 400% since that person bought their bitcoin so kudos to whoever it was!

 
It's a no lose situation. Either bitcoin goes to $500K a coin within 3 years, or we get to watch John McAfee eat his private parts on national TV. :laugh:


(Google it if you don't know what I am talking about)
 
As we all know, an informed speculator or investor is an educated/smart one. Before buying any type of cryptoasset, I need to first wrap my mind around Bitcoin (with a capital B), bitcoin (with a small b), Bitcoin's blockchain, and blockchain itself as a general purpose technology.

I am now reading:

"Cryptoassets: The Innovative Investor's Guide to Bitcoin and Beyond" By, Chris Burniske & Jack Tatar (2018, McGraw-Hill)

I'm only on chapter 4, and am nearly convinced that the future of money is here. Oh, how The Fed must be shaking in its boots with the advent of a decentralized currency! Just to keep up, The Fed is all but guaranteed to issue its own cryptocurrency:

https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/

Now is the time for the rebels to figure out how to create a stable-price version of bitcoin, before Darth Vader does it himself. Otherwise they may someday find themselves closing down their bitcoin startups in order to write code for the Empire.

What the feds can do is cryptocurrency; Fedcoin is what’s coming to a start. And, according to Casey, the primary benefit to government would be a centralization of supply and a transparency of demand (or transactions), which could centralize control of the economy to an unprecedented extent.

Why would people use the cryptocurrency? Fedcoin would almost certainly emerge as a parallel currency which would be adopted due to government requirements for its use in paying taxes or accessing entitlements such as Social Security. Increasingly, however, Fedcoin would become a tool to push toward a cashless society because physical money provides a privacy that prevents government control.

With blockchain….[the feds] know exactly who’s getting the money and what it’s being spent for. It can be programmed [perhaps through a mechanism simiar to smart contracts] so that certain transactions can’t take place….So you are pretty well blocked in.”

Fat people could be prevented from buying sugar; gun owners could be cut off from ammunition; teenagers could be banned from buying beer, cigarettes or video games. The possibilities seem almost infinite. In doing so, Fedcoin would merely extend existing policies under food stamp programs that prohibit spending on alcohol, casinos or strip clubs. The efficiency would be so much greater, however, that the difference of degree would become one of kind. The government could “prohibit anything without even passing a law….If your Fedcoin smartphone or chip isn’t programmed to let you buy that, how are you going to get it?” Politically controversial items, like a gun registry, could become irrelevant.

Whether governments will succeed is not clear; they may be thwarted by their own incompetence or by the intrinsic decentralization of cryptocurrencies. It seems clear, however, that governments will make the attempt. And when they do, the best response is a better technology that sprints forward and leaves those who wish to ‘tame’ it coughing on its dust.

Those on the cutting edge of technology are today’s freedom fighters.
Click to expand...

This is going to get very interesting. :)
 
tsptalk said:
Nice! LOL - only $2? They are actually going down in price, unlike their real friends.

We've been offering them as prize options to our contest winners. :)

http://www.tsptalk.com/mb/contest-prizes/3278-contest-prizes-post582279.html#post582279
Click to expand...

Hey, cool! Sorry, I've been out of the loop lately. Didn't know you were offering them as a prize. Yea I found it on eBay for around that price. I think they cost a little more on Amazon, but you could probably get them shipped quicker with them.
 
Yeah! Coinbase / GDAX is now trading Bitcoin Cash. I have an address for 1 (I think) from the fork in the fall, so I'll finally be able to see if it actually worked. Of course coinbase is being inundated right and the site is slow / DOA now and it seems the other cryptos are selling off on the news. Buying opportunity?

We’re happy to announce that Bitcoin Cash (BCH) is now listed and available for trading on GDAX.
Click to expand...
 
You must log in or register to reply here.

Similar threads

NewsFeeder
Bitcoin hits record high above $72,000 as UK opens the door to crypto exchange-traded
Replies
0
Views
110
NewsFeeder
NewsFeeder
NewsFeeder
Bitcoin shows its volatility once again, tumbling back to $67,000 in overnight declin
Replies
0
Views
130
NewsFeeder
NewsFeeder
tsptalk
  • Article Article
TSP Talk - Despite Nvidia's volatility, stocks rally
Replies
0
Views
117
tsptalk
tsptalk
NewsFeeder
Bitcoin climbs 5% above $28,000 as investors shrug off regulatory crackdowns
Replies
0
Views
141
NewsFeeder
NewsFeeder
tsptalk
  • Article Article
TSP Talk - Stocks bounce back as bitcoin revisits $100K
Replies
0
Views
104
tsptalk
tsptalk
Back
Top