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Anyone keeping an eye on Bitcoin?

Posted on 6/18/16 at 1:53 am
Posted by Jtigers99
Holly Beach, USA
Member since Dec 2014
1841 posts
Posted on 6/18/16 at 1:53 am
Bitcoin is currently surging. It's up to $730. Bitcoin is up $300 in one month. It's currently at its highest point since bottoming out at $150 after its collapse from $1200 over two years ago.
Posted by Sho Nuff
Oahu
Member since Feb 2009
11900 posts
Posted on 6/18/16 at 4:36 am to
quote:

$1200 over two years ago

Curious, was anyone able to sell their bitcoin for $1,200 back then? I don't know much about bitcoin at all, but it seems like it would be tough to cash out anyway so sounds too risky. And at $730? Nah.
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35469 posts
Posted on 6/18/16 at 7:29 am to
I think wiki retired off of Bitcoin and became a hermit.
Posted by LSUSUPERSTAR
TX
Member since Jan 2005
16302 posts
Posted on 6/18/16 at 9:27 am to
Wiki and his ole lady are living the swinger lifestyle on all the money he made from bitcoin.
Posted by Iowa Golfer
Heaven
Member since Dec 2013
10229 posts
Posted on 6/18/16 at 10:22 am to
I keep an eye on it. I use it as a confidence indicator. One small piece of everything I look at in an overall, very simplified way to take a look at the big picture.
Posted by jmarto1
Houma, LA/ Las Vegas, NV
Member since Mar 2008
33835 posts
Posted on 6/18/16 at 10:58 am to
Wiki will never get to live this whole . it coin thing down, will he?
Posted by LSUtoOmaha
Nashville
Member since Apr 2004
26573 posts
Posted on 6/18/16 at 12:15 pm to
Im pretty sure he left this board due to paranoia.
Posted by Sho Nuff
Oahu
Member since Feb 2009
11900 posts
Posted on 6/18/16 at 1:40 pm to
quote:

I think wiki retired off of Bitcoin and became a hermit.




True story: when I was in my early 20's a guy I worked with talked me into a penny stock which ended up as Jaguar Nickle I believe. When we first started with it it was called something else. I had no brokerage account, didn't know shite about investing, and wasn't making a lot of money then as a college student. Gave him some money every few weeks to invest. Wound up with 30k+ shares after a little while. This even younger guy (late teens and a valet) put everything he had into it. Even sold his car since he could take BART (San Francisco) and bought shares. I believe he ended up with somewhere around 500k shares. He lived with his family so I guess he said frick it. I had rent, a girl, tuition, and family to fly home to in NOLA plus I was scared to go all-in .

Yes, you know the end result; the shares went up to $2 at one point. The guy who put the money into his account for me disappeared for a while. I was living in L.A. by this point and someone else I was friends with from the same job calls me and says "did you see your stock" and I said no . I check and I flip out and can't get in touch with guy. He helps me finally get in touch with him and turns out he went to Vegas and blew all of his money. He tells me he did sell my shares though when it hit around $1. He does eventually send me $25k and says he had to pay taxes on it. To this day I and then when I think about the whole situation. At 28 years old I should have had a nice payday of $70k or "if I would've just bought more..." but shite $25k for about $3k was pretty sweet.

Anyway, the other guy supposedly sold some when it hit $1 and some when it was closer to the $2. So in his early 20's he became a near millionaire because of a fricking penny stock and some serious onions. He totally disappeared though and didn't return calls, quit the valet job, and I'd like to think he traveled the world. He possibly became a hermit too
This post was edited on 6/18/16 at 1:46 pm
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16820 posts
Posted on 6/19/16 at 1:47 am to
i bought little bit around 350. Still trying to find out how to use them on overstock.com.
Posted by notsince98
KC, MO
Member since Oct 2012
17940 posts
Posted on 6/20/16 at 6:57 am to
don't get sucked in. It is a dead end road. Even the inventor of bitcoin cashed out admitting it isn't feasible in its current form.

They are already working on a realistic version deux that has a real chance at succeeding. Don't get duped by the original.
Posted by CharlieDay
Louisiana
Member since Jan 2016
422 posts
Posted on 6/20/16 at 8:26 am to
It works great with Bovada. Get my money in 2 days from cashing out and in my bank account the day after for a very reasonable fee. I'm leaving my winning from last nights game in until mid july.
Posted by XanderCrews
Member since Mar 2009
774 posts
Posted on 6/20/16 at 2:31 pm to
(no message)
This post was edited on 12/21/21 at 10:32 am
Posted by goodgrin
Atlanta, GA
Member since Nov 2003
5876 posts
Posted on 6/20/16 at 11:11 pm to
quote:

i bought little bit around 350. Still trying to find out how to use them on overstock.com.


It gets even better. The last escort I talked to said that she takes bitcoins as payment.
Posted by notsince98
KC, MO
Member since Oct 2012
17940 posts
Posted on 6/21/16 at 7:11 am to
Sorry, it was the lead developer that left. Here are the issues facing bitcoin.

LINK
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16820 posts
Posted on 6/21/16 at 9:51 am to
You know it's good stuff when escorts take em.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16820 posts
Posted on 6/21/16 at 9:57 am to
that article was in Jan 2016. Price would've tumble if what he said was legit.
Posted by TigerDeBaiter
Member since Dec 2010
10254 posts
Posted on 6/21/16 at 11:09 am to
quote:

Anyone keeping an eye on Bitcoin?


Yes, but purely a spectators eye.

I would never "invest" (really, gable) with cryptocurrencies. I would hate to see the value of my currency (buying power) be reduced by 10% overnight. shite is ridiculous.
Posted by PeteRose
Hall of Fame
Member since Aug 2014
16820 posts
Posted on 6/21/16 at 2:05 pm to
I don't think it ridiculous. It's like gold online. Except you can break it up to any size. I just bought my first item online. its cool because you don't need to go through visa/mc.
Posted by TigerDeBaiter
Member since Dec 2010
10254 posts
Posted on 6/21/16 at 3:54 pm to
You missed the point. Big time.
Posted by Jag_Warrior
Virginia
Member since May 2015
4078 posts
Posted on 6/21/16 at 5:11 pm to
quote:

It's like gold online.


I'm not being critical, but isn't it pretty much the opposite of gold? It has no physical properties, you can't see it or touch it and it has no numismatic or collector value.

Just an observation. Pay me no mind. I'm not " down". I don't have a Facebook account and I don't even know what memes are all about.
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