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Started By
Message
re: If you bought $100 of bitcoin 7 years ago, you'd be sitting on $72.9 million
Posted on 5/22/17 at 1:53 pm to Broke
Posted on 5/22/17 at 1:53 pm to Broke
quote:
But don't act like I haven't been right throughout this fiasco. I've consistently said no stores will accept this crap. Today, no fricking stores accept this crap. Just think about that for a minute.
hmm
0
Posted on 5/22/17 at 1:53 pm to Broke
quote:
Awesome. I would love to hear the list of stores you've bought goods and services from using BTC.
did you totally miss the BTC debit card i posted pages back?
BitPay Card
Posted on 5/22/17 at 1:53 pm to Broke
quote:
Today, no fricking stores accept this crap
ignoring the BitPay Card, are you just talking about brick/mortar stores?
*ETA: hint, it's not a great time to invest in malls right now
This post was edited on 5/22/17 at 1:54 pm
Posted on 5/22/17 at 1:56 pm to rocket31
As I have stated numerous times in this thread, Wiki was NOT in this as an investment. Right, wrong, or indifferent (I lean this way), Wiki backed up everything he said with justification for the currency. There is a 20+ page thread on the money board and none of you guys truly know what you are putting your money in. If Wiki would ever get off his yacht and post again, I guarantee you he would recommend for everyone to not use it as an investment.
Posted on 5/22/17 at 1:56 pm to rocket31
quote:
In fact. If we all did the opposite of your advice up to this point we'd could cash out as millionaires
See, this is the shite I gripe about. It's a patently false statement. I really only started bitching about it when it was $1000 or so a coin and people flipped their shite about buying it. And it went down to $540. That's a 50% drop.
It's back up now. And it will go back down. Currency isn't supposed to fluctuate that wildly with nothing driving it except pure speculation. There is no GDP attached to it, no gold reserve, nothing. You can't hold it in your hand. You can't walk into the liquor store and by a forty.
Posted on 5/22/17 at 1:57 pm to Broke
quote:
Currency isn't supposed to fluctuate that wildly with nothing driving it except pure speculation.
in time this will change
and it's still a better currency option than many across the world have
Posted on 5/22/17 at 1:58 pm to Broke
That's what gets me.
If I have an account with $1MM bitcoins, how do I exchange that for $1MM dollars?
If I have an account with $1MM bitcoins, how do I exchange that for $1MM dollars?
Posted on 5/22/17 at 1:58 pm to SlowFlowPro
I think he is talking about going into a walmart, home depot, and mcdonalds and paying with bitcoin like using a $20 bill.
Lets ignore the countless ways to use them online to buy things though
Lets ignore the countless ways to use them online to buy things though
Posted on 5/22/17 at 1:58 pm to SlowFlowPro
quote:
did you totally miss the BTC debit card i posted pages back?
So you basically mean a company that will exchange your BTC into USD so you can actually buy some shite? Is that what you mean? Walk into Wal-Mart and tell them you want to pay in Bitcoin. Or really any other major retailer.
Posted on 5/22/17 at 1:59 pm to DownshiftAndFloorIt
Go to poloniex and sell it?
Posted on 5/22/17 at 1:59 pm to SlowFlowPro
quote:
in time this will change
When? How do we know? I'm not saying I'm 100% right on this. I may be totally fricking wrong but don't pump people up about this when they may not have the financial means to absorb a loss.
Posted on 5/22/17 at 1:59 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.
yeah i definitely thought about it late 2012/early 2013. IDK what $100 of bitcoin then would be worth now though
Posted on 5/22/17 at 2:00 pm to OnTheBrink
I put in a modest 2500. I now have 7500. I have not seen anyone suggesting this as an alternative to your RothIRA
Posted on 5/22/17 at 2:00 pm to Broke
$1k of money isn't like I'm risking my life savings.
If I double that in a year I'll be ecstatic, if I lose it I'll just not tell the wife and go on living my life
If I double that in a year I'll be ecstatic, if I lose it I'll just not tell the wife and go on living my life
Posted on 5/22/17 at 2:01 pm to rocket31
What/where is that? They'll send me a check that they're good for, for a million dollars?
Posted on 5/22/17 at 2:01 pm to Deactived
quote:
I think he is talking about going into a walmart, home depot, and mcdonalds and paying with bitcoin like using a $20 bill.
even then, you can do that with a BitPay card
Posted on 5/22/17 at 2:01 pm to Deactived
quote:
Lets ignore the countless ways to use them online to buy things though
Again, you are NOT paying Best Buy online using Bitcoin. You are using some workaround but at the end of the transaction Best Buy gets USD. Best Buy doesn't want BTC, simply because it fluctuates way too wildly for them to risk. They aren't absorbing any of that risk. They get paid daily from the credit card companies. That's how important that cash is to them.
Posted on 5/22/17 at 2:01 pm to SlowFlowPro
quote:
SlowFlowPro
You would have enjoyed this MIT discussion panel. The panelists spent some time on projects wanting to use it to reduce money transmission costs for immigrants and others without access to traditional banking.
Posted on 5/22/17 at 2:03 pm to Broke
quote:
I may be totally fricking wrong but don't pump people up about this when they may not have the financial means to absorb a loss.
when has he or anyone else done this?
this thread is a if you would have done this at this time, you would have this right now. the people in here posting are talking about an even smaller timeline of what you could have made (ie. rocket talking about doubling and tripling their money in the last month or so)
everyone ive talked to about this have said one common thing. "dont put in anymore than you are willing to lose"
Posted on 5/22/17 at 2:03 pm to Broke
quote:
So you basically mean a company that will exchange your BTC into USD so you can actually buy some shite? Is that what you mean?
uh..yeah...
what's the problem with this, esp if done in real time?
i mean what's the philosophical difference in that and a company exchanging USD for credit in real time?
quote:
Walk into Wal-Mart and tell them you want to pay in Bitcoin. Or really any other major retailer.
i can go to overstock.com right now and buy you a gift using BTC
will it become more real for you then?
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