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Started By
Message
re: Looking for Bitcoin info
Posted on 1/8/21 at 4:35 pm to DVinBR
Posted on 1/8/21 at 4:35 pm to DVinBR
quote:
People like to relate it to gold, and I don't like that
Gold:
Is a physical commodity, it has wide range of uses from electronics to jewelry.
It has backing by all governments of the world.
Doesn't rely on a network of computational power for it to work
While gold does have industrial use , the vast majority of why it has been used as a store of wealth for 1000s of years is because of it's scarcity...and the energy that is required to supply more. Theres plenty of commodities much more useful than gold on a usefulness scale worth nothing comparably.
Gold has always been denominated in Fiat.
This post was edited on 1/8/21 at 4:36 pm
0
Posted on 1/8/21 at 4:35 pm to jimbeam
Just trying to help educated the people 
Posted on 1/8/21 at 4:56 pm to DVinBR
Bitcoin is the vehicle through which above board investors can profit off black markets without getting their hands dirty.
Posted on 1/8/21 at 5:00 pm to TigerTatorTots
imagine having to transport millions of dollars worth of gold bars
would cost thousands and require armed guards.
the fact that bitcoin is digital, not physical is a feature not a bug. it makes it more valuable
would cost thousands and require armed guards.
the fact that bitcoin is digital, not physical is a feature not a bug. it makes it more valuable
Posted on 1/8/21 at 6:21 pm to Uncs
I am a Boomer, so to break the stereotype...I became concerned with the explosion of debt and not favoring gold took a chance...moved into Bitcoin 12/17, never looked back.
Coinbase was the only reserve I felt comfortable with as the same level as the FDIC/bank protection. I have multiple accounts there..in my opinion, it will do a 2X-3X from here.
Good luck...I am a hodl.
Coinbase was the only reserve I felt comfortable with as the same level as the FDIC/bank protection. I have multiple accounts there..in my opinion, it will do a 2X-3X from here.
Good luck...I am a hodl.
Posted on 1/8/21 at 6:25 pm to SalE
quote:
same level as the FDIC/bank protection.
I believe that's only with cash that you hold on Coinbase. They are insured though if their system gets hacked, but if someone gets your password, and gets unauthorized access to your account through no fault of theirs, then you have an issue.
If you are holding, leave it in their "vault" which has a 48-hour delay for withdrawals. Hopefully, as they move to go public they get better customer service, including actual people you can talk to if needed.
This post was edited on 1/8/21 at 6:32 pm
Posted on 1/8/21 at 6:29 pm to SalE
dang baw you've almost doubled your investment. congrats
This post was edited on 1/8/21 at 6:29 pm
Posted on 1/8/21 at 7:14 pm to jimbeam
quote:
Haters gonna hate
Potaters gonna potate
I can appreciate
Posted on 1/8/21 at 7:22 pm to Uncs
quote:
Where do people accept it now for goods like TV’s etc etc.
If you go to Vegas, the more savvy and up to date hookers accept it. True story.
Posted on 1/8/21 at 7:23 pm to jangalang
I see you mate
Posted on 1/8/21 at 7:25 pm to goodgrin
quote:
If you go to Vegas, the more savvy and up to date hookers accept it. True story.
Let me know when the cheap, skanky ones are.
Posted on 1/8/21 at 7:28 pm to James11111
quote:
Let me know when the cheap, skanky ones are.
They don't use BTC. Just the shitcoins like Doge, XRP, EOS, Tether, et al.
Posted on 1/11/21 at 9:54 am to Uncs
bump
Posted on 1/11/21 at 10:28 am to DVinBR
We are blessed with some cheaper BTC. Buy them up
ETA: Well, I guess cheaper if you only started buying in the past week. We are all the way back to levels not seen since.......6 days ago.
ETA: Well, I guess cheaper if you only started buying in the past week. We are all the way back to levels not seen since.......6 days ago.
This post was edited on 1/11/21 at 10:29 am
Posted on 1/11/21 at 10:28 am to DVinBR
Guess it goes down, guess that changes everything!
Onward to search for the asset that cant go down!
Onward to search for the asset that cant go down!
Posted on 1/11/21 at 10:28 am to DVinBR
quote:
bump
Bump this again in a few days
Bitcoin is about 31k right now
This post was edited on 1/11/21 at 10:36 am
Posted on 1/11/21 at 10:35 am to Ron Cheramie
quote:
Bump this again in a few days
nope, bump this at the end of bidens term, in fact I will make sure I do for you.
if we get sub 30k, better be fricking buying.
Posted on 1/11/21 at 10:36 am to Old Money
quote:
Everyone is asking about Bitcoin
So was everyone in 2017. My grandmother bought bitcoin back then, my parents too
Hope she held onto it
Posted on 2/19/21 at 11:48 am to DVinBR
quote:
DVinBR
Posted on 1/11/21 at 9:54 am
bump
Bump
Nice 62% gain since your "lolgotchaBTCcrashing" bump
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