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1
Posted on 5/22/17 at 11:57 am to sportsaddit68
Haven't there been events between 2010 and now that may have caused you to lose some or a lot of those bitcoins, though?
Posted on 5/22/17 at 11:58 am to GRTiger
quote:
Haven't there been events between 2010 and now that may have caused you to lose some or a lot of those bitcoins, though?
mtgox involved people stealing BTC
now there are a lot of regulated, American companies offering BTC wallet services. they ain't stealing your BTC
Posted on 5/22/17 at 11:58 am to GRTiger
if you sold for a loss, yea.
but nobody has lost money in bitcoin who bought and held long term. thats a fact.
you could by in any year in the past 7 years and be up 100%
but nobody has lost money in bitcoin who bought and held long term. thats a fact.
you could by in any year in the past 7 years and be up 100%
Posted on 5/22/17 at 11:59 am to Dire Wolf
Yep. Buddy has a baller mining rig in a country in the middle east because power basically costs nothing.
The whole story of all of this is very foreign to most people
The whole story of all of this is very foreign to most people
Posted on 5/22/17 at 11:59 am to rocket31
quote:
you could by in any year in the past 7 years and be up 100%
i joke with my friend i i had just left all the $ i spent on BTC to play poker last year in my wallet i'd have like 2.5x the money. a much higher return than online poker, for sure
Posted on 5/22/17 at 12:01 pm to SlowFlowPro
damn man, no doubt
Posted on 5/22/17 at 12:03 pm to tke857
quote:
i bought $20 worth in 2011. one of the best investments ive ever made. kicking myself i didnt buy more.
How much is it worth now?
Posted on 5/22/17 at 12:03 pm to Jones
quote:
Yep. Buddy has a baller mining rig in a country in the middle east because power basically costs nothing.
The whole story of all of this is very foreign to most people
way back when i first started learning about economic efficiencies and really thinking about it i developed a mental concept about how technology is really separating people due to the efficiencies it provides. we can call it "tech privilege", b/c that's much more likely to be the term today
this is a classic example of that. learned, intelligent people who have their heads stuck in paradigms of the past literally cannot comprehend how BTC does/could work. they will never adopt and while they have 0 risk, they have at best 0 reward and may realize negative outcomes in the end (primarily due to lost opportunities and efficiencies over time). the same applies to those without the intellectual ability to comprehend it and will never even be given the opportunity
Posted on 5/22/17 at 12:04 pm to SlowFlowPro
BTC is so parabolic right now, i think we can expect a healthy pullback soon
Posted on 5/22/17 at 12:05 pm to SlowFlowPro
quote:
mtgox involved people stealing BTC
That rings a bell. I also thought one of the intermediaries just shut down and if they held your coins, the were gone.
Forgive the amateur wording if it's off. I don't know as much about the logistics as I'd like.
Posted on 5/22/17 at 12:05 pm to rocket31
i only buy it to spend, not to invest. that bubble is going to pop
i may look at investing in some ETH, though. like a grand or so
i may look at investing in some ETH, though. like a grand or so
Posted on 5/22/17 at 12:06 pm to sportsaddit68
Love me some blockchain...
What I find more fascinating are the possible uses of the tech outside of cryptocurrency. That's where the next real goldmine will be for the tech.
What I find more fascinating are the possible uses of the tech outside of cryptocurrency. That's where the next real goldmine will be for the tech.
Posted on 5/22/17 at 12:06 pm to GRTiger
quote:
That rings a bell. I also thought one of the intermediaries just shut down and if they held your coins, the were gone.
Forgive the amateur wording if it's off. I don't know as much about the logistics as I'd like.
that was MTGox
now companies like Coinbase exist and while you have to pay a decent service fee, it's 100% legitimate and regulated and you have almost 0 risk or any such shenanigans
Posted on 5/22/17 at 12:08 pm to Centinel
just so we're clear, people, especially smart, tech-minded people on the internet, will find almost anything of value to make a currency out of it.
CS Skin gambling
CS Skin gambling
quote:
While other titles such as Call of Duty offer similar gameplay, one distinctive feature has helped fuel Counter-Strike's growth: collectible items in the game called "skins." Although they don't improve anyone's chances of winning, the skins cover weapons in distinctive patterns that make players more identifiable when they stream on services like Twitch. Users can buy, sell and trade the skins, and those used by pros become hotly demanded. Some can fetch thousands of dollars in online marketplaces.
quote:
But Valve also leaves a door open into the programming of its virtual world, one that allows skins to move out of Steam and into a murky constellation of gambling websites, where they're used as currency. Some $5 billion was wagered in skins in 2016, according to research by the firms Eilers & Krejcik Gaming and Narus Advisors.
Posted on 5/22/17 at 12:10 pm to sportsaddit68
I've got a Thomas Jefferson two dollar bill that I've had since I was a kid. Am I billionaire yet or what?
This post was edited on 5/22/17 at 12:10 pm
Posted on 5/22/17 at 12:10 pm to SlowFlowPro
quote:
i may look at investing in some ETH, though. like a grand or so
Busted one of our Apps guys here mining ETH on his dev workstation every night. Now he's scared shitless of what all I can see him doing
(it wasn't that hard to catch him...the software sends up blockchain updates via UDP on the same port fairly regularly)
Posted on 5/22/17 at 12:12 pm to rocket31
quote:
rocket31
So what is your plan for your bitcoins? Hold onto them and use them as you see fit or are you eventually going to sell?
Posted on 5/22/17 at 12:13 pm to tom1987
quote:
quote:
i bought $20 worth in 2011. one of the best investments ive ever made. kicking myself i didnt buy more.
How much is it worth now?
Well, if you believe the OP, it's worth $14.58M.
Posted on 5/22/17 at 12:13 pm to SlowFlowPro
quote:
this is a classic example of that. learned, intelligent people who have their heads stuck in paradigms of the past literally cannot comprehend how BTC does/could work. they will never adopt and while they have 0 risk, they have at best 0 reward and may realize negative outcomes in the end (primarily due to lost opportunities and efficiencies over time). the same applies to those without the intellectual ability to comprehend it and will never even be given the opportunity
Um, it's difficult to accept because techies can't translate why it's safe. Fair play to wiki and those who have made tons of money on this. That said, the argument when they were faced with concerns about things like security was basically "you're too stupid to understand it" and "oh, it's only unsafe if a third party is unsafe."
Perhaps we will get to a point when cryptocurrencies are commonly swapped and accepted like dollars. But, it's going to take a lot of work to convince the majority of people that the digitized money world can be trusted when big banks aren't involved. Not to start a generation battle, but that certainly isn't happening while boomers are alive and probably will never be mainstream for gen x.
This post was edited on 5/22/17 at 12:15 pm
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