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re: If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million
Posted on 5/22/17 at 11:46 am to sportsaddit68
Posted on 5/22/17 at 11:46 am to sportsaddit68
Wiki never argued for bitcoin as an investment. He believed in the laws of the universe and wanted to stick it to the man. All the people that are flocking to it now are only looking for a quick buck. A fool and his money...
3
Posted on 5/22/17 at 11:46 am to OnTheBrink
quote:
All the people that are flocking to it now are only looking for a quick buck.
Posted on 5/22/17 at 11:47 am to sportsaddit68
quote:
If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million
Posted on 5/22/17 at 11:47 am to sportsaddit68
i bought $20 worth in 2011. one of the best investments ive ever made. kicking myself i didnt buy more.
Posted on 5/22/17 at 11:47 am to OnTheBrink
bitcoin and the theory behind it fascinates me
Wiki had me a believer at one point, but I was too risk adverse (still am)
Wiki had me a believer at one point, but I was too risk adverse (still am)
Posted on 5/22/17 at 11:48 am to Jones
quote:
Ethereum is the new technology
we have several posters on the money board who have already doubled/tripled their investments with cyrpotocurrencies
but the OT loungers knows whats best
Posted on 5/22/17 at 11:48 am to Ash Williams
quote:
What is truly driving up the value of bitcoin right now?
part of it is investing
but lots of this is just the increased demand for stable currencies in countries with unstable state currencies
now BTC may sound crazy when compared with the most stable currency in the world, the USD, but compared to the Venezuelan currency? it's amazing
Posted on 5/22/17 at 11:49 am to OnTheBrink
quote:
All the people that are flocking to it now are only looking for a quick buck. A fool and his money...
The people I know doing it are in it for the long term. They know it's risky but they have been very successful with it.
Posted on 5/22/17 at 11:49 am to sportsaddit68
quote:
WikiTiger
He kept telling everyone
Posted on 5/22/17 at 11:49 am to Salmon
quote:
who are these people that would give me $73 mil for my bitcoins?
BTC markets are like commodities markets, and people are constantly buying them
could you sell $73M in one transaction? probably not, but over time? certainly
Posted on 5/22/17 at 11:49 am to tke857
This really has me kicking myself because I'm usually all over things like that - especially with their ties to online gambling.
It's actually quite shocking that I DON'T have multiple bitcoin accounts. Damn damn damn.
I feel like that is something that would totally happen to me - I'd stumble across this post and be like "wait.. what??! I have $265 or so of old bitcoins that I was just sitting on".
It's actually quite shocking that I DON'T have multiple bitcoin accounts. Damn damn damn.
I feel like that is something that would totally happen to me - I'd stumble across this post and be like "wait.. what??! I have $265 or so of old bitcoins that I was just sitting on".
This post was edited on 5/22/17 at 11:51 am
Posted on 5/22/17 at 11:50 am to LSUsmartass
quote:
Is there a way to cash in bitcoins for actual dollars?
A friend of mine in Panama has a bitcoin debit card. He can use it to pay at a lot of places and can also withdraw cash from ATMs if necessary.
Posted on 5/22/17 at 11:51 am to rocket31
quote:
we have several posters on the money board who have already doubled/tripled their investments with cyrpotocurrencies
shite that has happened with the quickness also.
Buddy of mine got into ethereum at the startup. He is in his mid 30s and can retire right now because of it
Posted on 5/22/17 at 11:51 am to SirWinston
Bitcoin is speculation. It's gambling. It's a fake currency that will never be widely accepted for goods and services. Name 10 stores that currently accept it. Mainstream stores. Have people made money? Yes. Have people lost money? Yes. That will continue to happen and I believe that the one left holding the bag at the end of the song loses.
Posted on 5/22/17 at 11:52 am to SirWinston
i really did it bc i read about bitcoins in some online article thought it was a cool idea and said why the frick not put 20 bucks into. even if its just for novelty purposes. wish i said why not put 1000 into it lol.
Posted on 5/22/17 at 11:52 am to Salmon
quote:
bitcoin and the theory behind it fascinates me
Wiki had me a believer at one point, but I was too risk adverse (still am)
it's just hard for Americans to get behind because of our status as being citizens of the country with the world's currency
but seriously when you use an example like Venezuela or even Greece when its banks were shutting down during the Grexit fiasco a few years ago, it makes a lot more sense
i try to explain it to my friends like casino chips. i can't go buy something at a store with a poker chip, but if i have a $500 chip, would i sell it to someone for anything less than $500? no. can the casino who owns the chip go bankrupt? sure.
This post was edited on 5/22/17 at 11:52 am
Posted on 5/22/17 at 11:54 am to Broke
quote:
Bitcoin is speculation. It's gambling. It's a fake currency that will never be widely accepted for goods and services. Name 10 stores that currently accept it.
you do know now you can have a debit card that allows you to spend your BTC wherever debit cards are allowed, right?
Visa Bitpay
This post was edited on 5/22/17 at 11:55 am
Posted on 5/22/17 at 11:56 am to Broke
This is the list of just some of the attendees at the conference starting today
I don't see btc/ethereum/etc going away
quote:
ABN AMRO, Ad Meliora, Accenture, Allen & Overy, A.T. Kearney, Berger Singerman, LLP, B2C2, BNY Mellon, Bloomberg, Broadridge Financial Solutions, BroadRiver, Capital One, Citi, CME Group, Cognizant, Cooley, Covington & Burling LLP, Crowell & Moring LLP, Davis Polk, Deloitte, DTCC, Equifax, EY, Fundserv, Friedman LLP, Goodwin, Guardian Life Insurance, Hitachi Solutions, Hogan Lovells US LLP, Holland & Knight LLP, IBM, Infosys, LG Electronics, Medici Ventures, Microsoft, Nasdaq, New York Life, Penn Mutual Insurance, PerkinsCoie, PwC, Procter & Gamble, Prudential retirement, Rakuten, S&P Global, SAP, Scotiabank, Siemens, Shanghai Clearing House, Silvergate Bank, Standard Chartered Bank, State Farm, Sullivan & Cromwell, Swirlds, Swiss Re, Synechron, Thomson Reuters, USAA, Vanguard, Western Union
I don't see btc/ethereum/etc going away
Posted on 5/22/17 at 11:56 am to SlowFlowPro
quote:
now BTC may sound crazy when compared with the most stable currency in the world, the USD, but compared to the Venezuelan currency? it's amazing
Also, mining in Venezuela is worth while because of the state supplied power companies. So tech savvy people are mining bitcoins off the governments dime and then ordering food off the Internet to sell on black market.
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