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re: If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million
Posted on 5/22/17 at 12:50 pm to sportsaddit68
Posted on 5/22/17 at 12:50 pm to sportsaddit68
quote:
So is this Coinbase safe to use real information?
you HAVE to give real information (even SS). Coinbase is a US company and is bound by US federal regulations. it's like a bank
they have to ensure that you're not laundering money or anything of the sort
*ETA: you have to do this with prepaid cards these days also
This post was edited on 5/22/17 at 12:50 pm
1
Posted on 5/22/17 at 12:51 pm to Ingeniero
quote:
Would cryptocurrencies rise in value if the dollar is doing badly?
if the USD became somewhat unstable, cryptocurrencies would be one of the best currencies in teh world b/c the world would literally be crashing around us
so yeah
Posted on 5/22/17 at 12:54 pm to SlowFlowPro
quote:
you HAVE to give real information (even SS). Coinbase is a US company and is bound by US federal regulations. it's like a bank they have to ensure that you're not laundering money or anything of the sort *ETA: you have to do this with prepaid cards these days also
So it is US regulated, but you still recommend using prepaid to buy instead of your bank account? Sorry if I seem dumb on this.
Posted on 5/22/17 at 12:54 pm to TheCaterpillar
quote:
Getting a friend to buy my ETH right now since I can't until tonight
Did any of you bother to look at the trend line on this? It was at $8 on Dec31, and only $90 last week. It seems like with a 100% run up in a week that there should be a sell off and dip coming that you should be waiting on to buy.
Posted on 5/22/17 at 12:55 pm to sportsaddit68
I would go bank account
Posted on 5/22/17 at 12:55 pm to sportsaddit68
quote:
So it is US regulated, but you still recommend using prepaid to buy instead of your bank account?
i have a dedicated CC that i use to buy BTC when i need it and just pay off the CC each month (if i by any BTC)
Posted on 5/22/17 at 12:59 pm to Deactived
Unfortunately I don't think I can do it. I typed in my card info, etc, and I double-checked. None of the works. I also searched for bank, trying to do bank account, and my bank wasn't listed. Seems like I'm screwed out of trying to get into this.
Posted on 5/22/17 at 1:02 pm to sportsaddit68
Sounds great, except that it's still not able to be exchanged at that level. Unless you want to do that many transactions for a Ruby Tuesday gift card or something along those lines.
Posted on 5/22/17 at 1:05 pm to TennesseeFan25
you can easily sell tens of thousands (in USD) worth of BTC daily
Posted on 5/22/17 at 1:06 pm to ithad2bme
Yes. People should be aware they are buying BTC and etc at absolute peak levels.
Posted on 5/22/17 at 1:14 pm to GRTiger
quote:That's true. That's why one should keep their coins offline.
That rings a bell. I also thought one of the intermediaries just shut down and if they held your coins, the were gone.
Posted on 5/22/17 at 1:15 pm to Bunk Moreland
quote:I don't know about the currencies themselves, but JP Morgan is seemingly leading the push to incorporate blockchain tech into all banking transactions.
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.
Posted on 5/22/17 at 1:19 pm to Big Scrub TX
quote:
JP Morgan is seemingly leading the push to incorporate blockchain tech into all banking transactions.
Yep. They are one of the big players, but some of the other big boys are involved too. I spoke with one of the JP Morgan execs working in this area at an MIT blockchain discussion a couple of months ago.
Posted on 5/22/17 at 1:21 pm to Mo Jeaux
I can't wait to watch a bunch of you fools lose money.
ETA: Blockchain has a place in this world. But Bitcoin because of where it's been and what it is, is not the thing to hang your hat on.
ETA: Blockchain has a place in this world. But Bitcoin because of where it's been and what it is, is not the thing to hang your hat on.
This post was edited on 5/22/17 at 1:23 pm
Posted on 5/22/17 at 1:25 pm to Broke
quote:
I can't wait to watch a bunch of you fools lose money.
Not me, bro. I own zero bitcoin (or any other form of cryptocurrency for that matter). I have to say that I feel pangs of regret in not doing so when we're at the top of a bubble like this though. I am, however, very interested in the technology behind it, and I have been involved in it to varying degrees over the past few years.
Posted on 5/22/17 at 1:28 pm to Mo Jeaux
quote:
Not me, bro. I own zero bitcoin (or any other form of cryptocurrency for that matter). I have to say that I feel pangs of regret in not doing so when we're at the top of a bubble like this though.
Not you but some poor sap is going to listen to SFP or someone who has some credibility here and think "Hey, I could sink 5k into this and really make some money for my family" and shite the bed with this thing. It's scary, it's easily manipulated, thefts have been rampant and it's used to buy drugs. This is NOT the type of currency/investment I'm going to hang my hat on. Wiki may have never made a dime on it. He never says how much he owns if any. Yet these tools label him a bazillionaire.
And downvote away. LSURussian and I have been very vocal about this topic and it's dangers.
Posted on 5/22/17 at 1:29 pm to Broke
quote:
Not you but some poor sap is going to listen to SFP or someone who has some credibility here and think "Hey, I could sink 5k into this and really make some money for my family" and shite the bed with this thing. It's scary, it's easily manipulated, thefts have been rampant and it's used to buy drugs. This is NOT the type of currency/investment I'm going to hang my hat on. Wiki may have never made a dime on it. He never says how much he owns if any. Yet these tools label him a bazillionaire.
And downvote away. LSURussian and I have been very vocal about this topic and it's dangers.
Preach.
I'm glad I'm not the only one thinking like this.
Posted on 5/22/17 at 1:29 pm to Broke
I own some but it's just to pay hookers
Posted on 5/22/17 at 1:30 pm to Broke
And you and lsurussian have been proven wrong for 7 straight years now
Maybe you'll get it right one of these days.
Just lol
Maybe you'll get it right one of these days.
Just lol
Posted on 5/22/17 at 1:30 pm to yellowfin
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