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Started By
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re: At $9600 per, Bitcoin is expected to hit the $10,000 mark today.
Posted on 11/27/17 at 7:47 pm to Bunk Moreland
Posted on 11/27/17 at 7:47 pm to Bunk Moreland
[quote]I'm way too stupid to understand bitcoin/cryptcurrencies, BUT... it strikes me as very strange that a lot of people who rail against the Fed/its digital printing press and used to be in the hard assets goldbug alt economic camp have moved on to something even more...abstract/intangible.
there are ceilings and ledgers for crypto's. I know the ceiling, I have access to the ledgers. how do you divide a penny?
there are ceilings and ledgers for crypto's. I know the ceiling, I have access to the ledgers. how do you divide a penny?
0
Posted on 11/27/17 at 7:47 pm to ItNeverRains
If I were to invest say $200 today, would you suggest Bitcoin or Ethereum?
Posted on 11/27/17 at 7:59 pm to HempHead
I’m extremely jealous of your total. 
I bought as many as I could afford starting in 2008 (but i was a broke college student at the time). I assume the friend of mine who got me started has a similar total to you and he made me feel better when he told me that what I have is more than anyone who didn’t buy when it was dirt cheap.
Once the institutional money hits, we are going to the moon
I bought as many as I could afford starting in 2008 (but i was a broke college student at the time). I assume the friend of mine who got me started has a similar total to you and he made me feel better when he told me that what I have is more than anyone who didn’t buy when it was dirt cheap.
Once the institutional money hits, we are going to the moon
Posted on 11/27/17 at 8:02 pm to Ba Ba Boooey
I don't care about the haters, I'm sick to my stomach for ignoring it when it was being discussed back when they were around $10.
Posted on 11/27/17 at 8:22 pm to moon
quote:
If I were to invest say $200 today, would you suggest Bitcoin or Ethereum?
Based on current prices, I would do $50 Bitcoin and $150 Ethereum. But I'm not an expert.
My thinking is that because Ethereum is still under $500, your money is able to aquire a much larger percentage. Which means as it grows you will earn more in the long run.
The miniscule percentage of bitcoin you can buy for $200 doesn't leave you with as much space for growth in the long term. Ethereum has a strong growth potential in the future. It's not currently growing as fast because it doesn't have the name brand reputation Bitcoin does. But as more people start trying to dip their toes into crypto-currencies because of Bitcoin's extreme growth in the last year, lesser known currencies like Ethereum, Litecoin, and Iota will start gaining momentum.
Posted on 11/27/17 at 8:27 pm to Ba Ba Boooey
quote:
Once the institutional money hits, we are going to the moon
Has it not?
Posted on 11/27/17 at 8:29 pm to fightin tigers
quote:
Has it not?
Not even close.
Posted on 11/27/17 at 8:30 pm to rocket31
quote:
Amazon will accept a cyrpto currency someday
You mean as payment for purchases? They already do, and actually give you a small discount on an item's listed price if you use Bitcoin.
Posted on 11/27/17 at 8:30 pm to MrSpock
quote:
Not even close.
You don't think or you know they haven't?
Posted on 11/27/17 at 8:32 pm to fightin tigers
get the feeling youre just in here to argue
Posted on 11/27/17 at 8:32 pm to VaBamaMan
quote:
They already do, and actually give you a small discount on an item's listed price if you use Bitcoin.
Maybe 3rd party retailers on their site, but the next big move is Amazon accepting bitcoin. Which was expected to happen before the end of the year, but hasnt.
Posted on 11/27/17 at 8:33 pm to OceanMan
quote:
More real than Bitcoin. A lot more.
Why? Because some dude said some shiny rock had some intrinsic value and some other dude said, "Hey...I would like a shiny rock too?"
Posted on 11/27/17 at 8:35 pm to Deactived
quote:
get the feeling youre just in here to argue
I don't accept bitcoin is the future. No one else here does either. They still have their money safe in a bank and are only "investing" what they can lose.
E-currency is likely the future, but sorry I don't buy into it being valued as anything other than speculative.
I do wish I had put money into bitcoin. But I didn't then for the same reason as now. I think it will likely collapse since it has major flaws and competition.
This post was edited on 11/27/17 at 8:37 pm
Posted on 11/27/17 at 8:54 pm to fightin tigers
Good to see there are still some honorable captains ready to go down with the USD ship.
This post was edited on 11/27/17 at 8:55 pm
Posted on 11/27/17 at 8:56 pm to fightin tigers
I haven’t put much effort into looking into it, but I just can’t wrap my head around the fact that something intangible like bitcoin, can be worth actual money
Might be a stupid question, but how did bitcoin even start?
That’s from the bitcoin wiki... wtf is this? Sounds like a video game
Might be a stupid question, but how did bitcoin even start?
quote:
In January 2009, the bitcoin network came into existence after Satoshi Nakamoto mined the first ever block on the chain, known as the genesis block, for a reward of 50 bitcoins.
That’s from the bitcoin wiki... wtf is this? Sounds like a video game
This post was edited on 11/27/17 at 9:00 pm
Posted on 11/27/17 at 8:58 pm to GRTiger
quote:
I don't care about the haters, I'm sick to my stomach for ignoring it when it was being discussed back when they were around $10.
I wish I played closer attention to what exactly Bitcoin was. When it first came out I simply thought it was something you had to mine for. It sounded more like a hobby or video game achievement system.
Never did I realize that it was something that could be outright bought.
Posted on 11/27/17 at 9:01 pm to Mr. Hangover
Youtube is you friend to start your education. It will take you a few months.
Posted on 11/27/17 at 9:17 pm to fightin tigers
quote:
I think it will likely collapse since it has major flaws
Can you share these flaws?
Posted on 11/27/17 at 9:23 pm to Mr. Hangover
quote:This is very similar to when electricity started being studied.
That’s from the bitcoin wiki... wtf is this? Sounds like a video game
Until the motor, lights and distribution systems were worked out, it was tough to comprehend the use for electricity. Except the innovators (ending now) and early adopters (starting now).
The adaptation curve will be much faster.
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