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Topic:
OT - anyone into Bitcoin?
This thread has 44 replies. Displaying posts 16 through 30.
Post 16 made on Tuesday December 15, 2020 at 00:56
oprahthehutt.
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I starred it because I dont deal in absolutes.

I'm not in more then I can bear to lose.

Your tone seems angry which is weird. I laid a case out and there are cases to be made otherwise.

If you're angry because you think you missed out, toss $500 or $1000 on an exchange and let it ride over this next year.
OP | Post 17 made on Monday February 8, 2021 at 08:46
andrewinboulder
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Post 18 made on Monday February 8, 2021 at 10:30
lippavisual
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You know...I just got into this myself, mainly because in my state sports gambling isn't legal yet and the sports book I want to place bets with really only accepts bitcoin.

I put in $500 on Friday, unbeknownst to me, that there's a 3-day hold after using a card. Didn't get to place my bets last night.

However, opened my Blockchain this morning and I've gained a 15% increase.

I certainly wouldn't put in what I can withstand losing, but looking at my savings account that makes peanuts every year, it is a very tempting option.
Post 19 made on Monday February 8, 2021 at 11:30
Archibald "Harry" Tuttle
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BTC going to break $100,000 this year
I came into this game for the action, the excitement. Go anywhere, travel light, get in, get out, wherever there's AV trouble, a man alone.
Post 20 made on Monday February 8, 2021 at 18:53
oprahthehutt.
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On February 8, 2021 at 08:46, andrewinboulder said...

yes.

If Apple makes a 1-10% allocation with the 200 billion cash they have laying around melting at 20% a year then shit will get totally insane real quick.

Tesla is just the first major.

What we saw with MSTR is for the people that couldnt get exposure through traditional means they bought MSTR. MSTR traded around $100-120 forever. Today they hit $1040.

If you are a CEO of a mid major every shareholder in your company is asking WTF!?
Post 21 made on Tuesday February 16, 2021 at 12:42
barabusha
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Has anyone seen how much Bitcoin has gone up these days? do you think before the end of the year, will the price double to bitcoin?
Post 22 made on Tuesday February 16, 2021 at 15:55
Ryan_SD_CA
Long Time Member
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100
For those of you who are hesitant about Bitcoin I would suggest reading or getting the audio book for the Bitcoin Standard and also reading Bitcoin: Hard money you can't fu*k with.

I've been buying it since May and the returns have been amazing. Concerned about the exchange you are buying from getting hacked? Buy a cold storage wallet like a Trezor or Nano and take your coins off of the exchange. Problem solved.

Also, you don't have to buy an entire coin. You can buy fractions of coins for any dollar amount. (Satoshi's)

The value of Bitcoin is going and the dollar is PLUNGING.
Post 23 made on Wednesday February 17, 2021 at 01:18
Brad Humphrey
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Post 24 made on Wednesday March 3, 2021 at 06:21
cleopants
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Lol, anyone into Bitcoin? More like, everyone into Bitcoin because that thing is real.
Post 25 made on Saturday March 6, 2021 at 00:56
Glackowitz
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3,768
Anyone earning pi currency? I jumped in with a 1 pi unit from an invite and been earning a little everyday. I donít think there is much value in it yet as itís not trading on the markets.
There's no worse feeling than that millisecond you're sure you are going to die after leaning your chair back a little too far.
Post 26 made on Wednesday May 19, 2021 at 14:49
Brad Humphrey
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So.... how's that Bitcoin looking now.

I'll be glad when all this cyrptocurrency BS finally dies off.
But I bet it will take several more years. After which there will be some other new fad for people to waste their time & money on.
Post 27 made on Wednesday May 19, 2021 at 15:32
rmalbers
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October 2001
761
Warren Buffet said at the annual meeting a few weeks ago that he knows it is going to end badly, he just doesn't know when. The only real value is what the next person will pay for it, it doesn't produce anything. I should add: I owned a very small amount for a short period of time, I decided it's not for me.
Post 28 made on Wednesday May 19, 2021 at 16:02
Short Stop
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On May 19, 2021 at 14:49, Brad Humphrey said...
I'll be glad when all this cyrptocurrency BS finally dies off.

Cryptocurrency will come and go but blockchain technology and use will continue to grow. There's too many possible uses for it and we have only scratched the surface at this point.
Post 29 made on Wednesday May 19, 2021 at 19:14
buzz
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I know a fellow who views Crypto as a sort of Ponzi scheme.
Post 30 made on Wednesday May 19, 2021 at 21:27
oprahthehutt.
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On May 19, 2021 at 14:49, Brad Humphrey said...
So.... how's that Bitcoin looking now.

I'll be glad when all this cyrptocurrency BS finally dies off.
But I bet it will take several more years. After which there will be some other new fad for people to waste their time & money on.

Its doing fine. Bitcoin price in USD terms does this all the time.

Unlike most of the other "Crypto Currencies" Bitcoin is a trustless decentralized monetary system. There is no Government or Corporation in control of the monetary policy. Satoshi himself cannot change Bitcoin any more than you or I can.


There is proposed upgrade currently taking place called Taproot. If it does not reach consensus it will fail. In the past there was a proposal that was advantageous to the miners but the nodes ie people signaled NO. Unlike most other crypto Bitcoin nodes can run on a Raspberry PI.

People in countries like El Salvador, Nigeria etc are able to transact with other people globally. Many of these people have to take an entire day walk to get to a bank.

Governments have relentlessly debased their currencies value by printing money out of thin air. USD which El Salvador is on gets debased buy no fault of their own, and they do not get stimulus checks. They simply get fisted.

If you have some environmental issue, Bitcoin does not require you to dig holes in the earth, does not require a Military, does not require banks. Many studies have concluded Bitcoin incentivizes cheap energy sources which is increasingly becoming renewables ala wind, solar, nuclear, nat gas, and hydro. It is already about 70-75% mined via renewables.

You seem to have a uninformed illogical view towards Bitcoin. If you do not wish to use it then dont. But there is not a relevant argument against Bitcoin that I have yet found. Its one of the most beautiful machines ever made.

Last edited by oprahthehutt. on May 19, 2021 23:31.
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