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Started By
Message
re: Bitcoin is Unsustainable
Posted on 5/21/18 at 2:02 pm to Jack Bauers HnK
Posted on 5/21/18 at 2:02 pm to Jack Bauers HnK
quote:
Damn, do you also think there’s a dark web site where someone can click “buy Oweo’s SSN now”?
lol.. No.. I really don't know enough to give an educated opinion. I only know what I have seen on some bullshite documentary, which only gives one side of the story.
1
Posted on 5/21/18 at 2:06 pm to WikiTiger
quote:
I started discussing Bitcoin on this site back in 2012 when it was like $12. I was called every name in the book. Some of the self-proclaimed "financial experts" of the Money Talk board came after me non-stop. They said it was a Ponzi scheme, it was going to crash to $0, the government was going to shut it down, etc. etc.
I read every thread you made and/or posted in back then. I saw the value in it but thought the government would shut it down if it started taking off and I never read up on the technology so I never bought any, obviously that was a big mistake.
I did however make a few grand last year from Bitcoin and then Bitcoin cash by pure luck. Last August when BTC was $3500 I was going to buy something online that I needed to pay for using BTC and after I bought $500 worth of BTC I found out the site was shut down. So as I was waiting for it to come back online the bitcoin kept going up and up and up in value. The site never came back online and I sold when BTC was over $10,000 per which made my $500 into $1500. Then one afternoon I made a bunch of Bitcoin Cash trades and in less than an hour I made over $2500 profit and was in all cash. I pulled the cash out so I don't have any in there now but I was still thrilled with making $3500 profit on a $500 investment that wasn't even supposed to be an investment anyways!
This post was edited on 5/21/18 at 2:08 pm
Posted on 5/21/18 at 3:00 pm to WikiTiger
quote:
I started discussing Bitcoin on this site back in 2012 when it was like $12. I was called every name in the book. Some of the self-proclaimed "financial experts" of the Money Talk board came after me non-stop. They said it was a Ponzi scheme, it was going to crash to $0, the government was going to shut it down, etc. etc.
Yet here we are, 6 years later...
i will literally never forget sitting in my dorm freshman year reading all your bitcoin posts and thinking "this could be awesome." my buddies always roast me for not making a bigger deal out of it.
if only I had taken all the money my parents gave me to go to Jai's tutoring and bought into BTC instead smh
Posted on 5/21/18 at 3:03 pm to sweetwaterbilly
quote:
A single bitcoin transaction is so energy intensive that it could power the average U.S. household for a month
So a 500 dollar investment to gain 8 thousand dollars?
Posted on 5/21/18 at 3:04 pm to OweO
quote:Thanks for admitting this.
I really don't know enough to give an educated opinion.
Posted on 5/21/18 at 3:05 pm to Carson123987
quote:I join you in regretting my hesitancy over the years.
if only I had taken all the money my parents gave me to go to Jai's tutoring and bought into BTC instead smh
Posted on 5/21/18 at 3:41 pm to Carson123987
quote:Senior year after reading the threads I wanted to throw $1,000 into it. After researching how to buy and store bitcoin, and being tech dumb, I said it wasn't worth me not knowing WTF i was doing.
i will literally never forget sitting in my dorm freshman year reading all your bitcoin posts and thinking "this could be awesome." my buddies always roast me for not making a bigger deal out of it.
I am sad I had that mindset
Posted on 5/21/18 at 3:47 pm to WikiTiger
quote:
Thanks man. Probably won't be back regularly. I just like to drop in and say hi every now and then.
Say bruh, can I get about 3.50 bitcoins
Posted on 5/21/18 at 3:51 pm to Sticky37
I read somewhere that Bitcoin mining uses more energy than the Country of Ireland.
Posted on 5/21/18 at 3:52 pm to X123F45
nm
This post was edited on 5/21/20 at 2:36 pm
Posted on 5/21/18 at 3:52 pm to yoga girl
nm
This post was edited on 5/21/20 at 2:36 pm
Posted on 5/21/18 at 3:54 pm to WikiTiger
quote:
GTFO
fricking broads have no business discussing financial topics
It's cool. Heather isn't a woman.
Posted on 5/21/18 at 5:00 pm to WikiTiger
quote:
fricking broads have no business discussing financial topics
quote:
Thanks man. Probably won't be back regularly.
Posted on 5/21/18 at 5:12 pm to WikiTiger
quote:
fricking broads have no business discussing financial topics
I agree, broads shouldn't discuss finance. But, I'm a young lady
Posted on 5/21/18 at 5:19 pm to yoga girl
Yep. Its an ecological disaster whose existence depends on ponzi and criminals.
Posted on 5/21/18 at 5:22 pm to WikiTiger
Wiki, the feminine concern for nature counts as
Much as accountants bottom line. If we leave it all to capitalism we all lose.
John Carter of mars is the example you could relate to.
Much as accountants bottom line. If we leave it all to capitalism we all lose.
John Carter of mars is the example you could relate to.
This post was edited on 5/21/18 at 5:23 pm
Posted on 5/21/18 at 5:39 pm to yoga girl
nm
This post was edited on 5/21/20 at 2:36 pm
Posted on 5/21/18 at 5:39 pm to CelticDog
nm
This post was edited on 5/21/20 at 2:36 pm
Posted on 5/21/18 at 5:43 pm to Rebel
quote:
A single bitcoin transaction is so energy intensive that it could power the average U.S. household for a month
quote:
So a 500 dollar investment to gain 8 thousand dollars?
I think that would be the case if you were mining a coin but this is about transactions. A transaction would be just that, a transaction. So anytime you wanted to send some bitcoin, buy anything, move bitcoin from one account to another that would be the energy cost. I think....
Posted on 5/21/18 at 6:01 pm to lsu480
That doesn’t sound accurate.
But I will defer to those more knowledgeable than I.
But I will defer to those more knowledgeable than I.
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