For people, like me, who didn't know what you were talking about. Interesting stuff
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For people, like me, who didn't know what you were talking about. Interesting stuffComment -
thats right jj
but we got games...Comment -
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thanks for that link. interesting!Comment -
Everyone still has a chance to get in... Buy in at 10k. Set your Emergency Marker to get out at 8k or 7,500. How many times have we lost 2,500 gambling? Don't be a puss. Get in now.Comment -
Bitcoin is extremely volatile but what goes in its favor is the simple thing that the demand would always exceed the supply in this case, hence it is always going to remain a good investment for it is only going to go up irrespective of whatever any one has to say to bring it down.
There are only a particular amount of bitcoins that will ever get mined and out of those, 60& are already in circulation, so it is estimated that by 2040, all the bitcoins will be in circulation and there will be no more mining, If that stat is not enough, what is even more mind boggling is that 1 bitcoin is expected to finish at a lifetime price of USD 196,000. All these things may be subjected to speculations & discussions, but the fact remains that even if it were to fall down to 0 ever, the fact cannot be denied that if someone bought bitcoin at 1000 USD in January 2017, would be richer by 10x at this moment even if they decided to sell it.Comment -
Anyone that has missed out can invest in other cryptocurrencies such as Eth, Gcr, Dash, Zcash, Strat, Qrl, Lun. GCR is also a good investment as it has a big project launch next month which is expected to make it a profitable investment. Good Luck to all who decide to invest.Comment -
I was at work yesterday eating lunch when a guy at next table looked up from his phone and screamed/laughed "It just went up another $2000". I didn't have to ask what he was talking about (although I did). Guy got in in 2013 owns 300+, said he hasn't sold a single coin. He did say that he knows that "they" are watching him very carefully, lol.Comment -
Considering the average sbr poster has a net worth of $330 I think your advice is going to be ignored.
That dumb old shitbag abehonest couldn't even pay off a $40 target credit card balance, where the hell is he going to find 10k to invest?
We have 63 coins bought in 2013/14 just sitting around. I'm a little wary of putting too much into the cryptocurrencies because at some point old establishment will try and crush it. A lot of people in marijuana industry are looking to various cryptos as a work around to the federal banking laws that cause some issues for us. Some of the stuff is way over my head so letting my dad and his legal team decide if any of them can be a viable solution for some of our transactions.Comment -
I had 3k free in January 2014... btc was worth $300 or so... my employee at the time was heavy into it and basically begged me to at least invest and buy 2 or 3... I could have bought 10.
Those 3k would be worth 100k today.
Everytime I see the BTC price I think about suicide. And a time machine. Not necessarily in that order.Comment -
The whole reason Bitcoin got started in the first place is so that no government or central authority would be able to manipulate the value, have no limits on creation of the circulation amount, and not be able to seize someones funds. If any government had the power to destroy it, they would have by now, but they can't. They can try and shut down exchanges, and fine Federal Reserve member banks for dealing with crypto exchanges, but they can't stop crypto currency.People like you are clueless. You remind me of all the folks calling Bitcoin a scam 5 years ago when it was worth $75 a coin. Crypto currency is the future, the people are tired of having their lives and money destroyed and liquidated by a bunch of greedy, internationalist, usury Jews. People will always strive to be free, and they are sick of endless wars and fiat bank notes.
Fact is, by the year 2100, Bitcoin will still be around, and Federal Reserve Notes wont be. If we're lucky, Israel and Saudi Arabia will disappear right along with the Federal Reserve Notes which props them up.Comment -
People get religious about this, I get it. I hope you made money, and continue to make money. I hope everyone on the board continues to make money. I'm happy for you.
1. Bitcoins themselves have little to no intrinsic value, you can't make anything out of them, and besides limited applications in monetary transfers, there is no reason for bitcoin. Bitcoins functional appeal, especially when compare to other currencies, is limited.
A. Bitcoin is not total anonymous
B. Bitcoin is more difficult to use then other measures, such as ************, bank wires ect. It is not hard for you, because you are likely a technically competent person, but for someone else consider they have to start a wallet, fund a wallet, figure out the address to send to and figure out how to send it to someone.
C. Fees, at the current moment, are higher then other forms of payment, and paid by the consumer.
So the appeal of bitcoin is somewhat anonymous, and not controlled by the government.
What % of the population do you believe really cares/ understands the federal reserve control over monetary supply? I'll be generous, lets call it 5%. So functionally, maybe 5% of people would use bitcoins sometimes.
They can't really use it for much now. You can post a list of 50 companies or whatever like Newegg that take bitcoins, maybe some coffee shops in Seattle. You can't pay your mortgage in it, you can't pay your business taxes in it. You can't really buy much. So its appeal at the moment is illicit enterprises or person to person transfers, which is not a super huge application when you discuss money flows.
So therefore, to make use of bitcoin, you have to convert it into USD/Eur/GBP/JPY ect. If tomorrow, you could no longer do that in the US, how much is bitcoin going to fall? It is going to tank massively. Even making it slightly more difficult to buy bitcoins will push many of the less sophisticated people out of it .So you're technically right, the government can't stop it. But they can stop you from spending it, so what use does it have then except paying your drug dealer, who won't take it, because he can't pay his child support with it.
Also, bear in mind, that bitcoins rise has not occurred because it has gotten more useful. Bitcoin's price has been driven by larger investments into bitcoin. When bitcoin's return falls, as its risk remains the same, it won't look as good of an investment. Something with a 100% annualized return with a 70% vol looks ok. Something with a 10% annualized return with a 70% vol looks terrible. When the math no longer makes sense, people will pull out, causing a cascade of selling pushing the value downwards.
Additionally, the risk of substitution is high. I know nothing about monero, or etherum, or dash, or zcash, so I can't really say if those are better. Something will come along eventually, which will push bitcoin aside. With no practical value, there is no floor.
My own personal opinion. Lots of them in the world. It what makes a market. I certainly wouldn't short bitcoins, but I wouldn't mortgage my house to buy them either. Good luck with your trading.Comment -
LOL... you're a bit desperate to talk it down and find some sort of logic to support you.
But you are so far off base you look like a man trying to claw their way out of quicksand.
"Intrinsic Value".... rofl. That does not seem to have held any other currency back over the years! Not a one. US$ the prime example..Comment -
IRS going to get involved
That cannot be good for priceComment -
I don't know why people take this so personally.
Far from desperate. I love bitcoin for transfers between sportsbooks. USD can be easily converted into goods worldwide, and is a relatively stable store of value. It has a use. Please let me know when bitcoin is easily traded for goods and has a stable price.Comment -
one day my ripple investment is gonna pay offComment -
I don't take it personally. I look at everything openly. Every time the Bitcoin drops drastically... it sky rockets back in a week or 2. You should still view this as a LONG TERM investment... and not short term. Yes, it's quite interesting to see something decrease and increase so rapidly... but the price speaks for itself. Any stock or coin for that matter that has reached 10k... is strong. It's hard to knock it out now.Comment -
Like I said before, I'm happy for you. People speculating in it raises liquidity, allowing me to pay a lower spread when I have to buy it to deposit in a sports book. There have been periods of time with everything where something simply like "buy the dips" works out great and you make tons of money. Then it turns, and people go broke. My concern for long term, like I said above, is the only real demand for bitcoin is people speculating in it, a wide array of substitutions, and the risk of adverse regulation. Its price only speaks to what new money is being added to the pool. When that gets distracted and goes to something else, it isn't going to be pretty. I hope it works out for you, Sbr Pros need to support each other.
I hope it stays around forever, and I can continue to bonus whore to my life's content with easier transfers that take hours instead of days, and no awkward conversations with liquor store clerks about why I am sending a *********** to Costa Rica.Comment -
There's numerous ways to think about an investment. You can't go in thinking you're going to make a gain in a few days. I made a post earlier on this and I always speak 100% the truth on here. I went in at the absolute wrong time. The coin was worth $7,500.00 and I purchased 1 full coin. Wagered 100% at Bitcoin only books... never converted into US Currency... and haven't lost yet. The coin dipped all the way down to $5,800 and my Emergency sell off point was $5,500. So, naturally you're going to be scared and in fear. I just lost $1,700 on my investment. But, I just stuck with it. I have 2 coins now.... and I'm going to hang onto em. Hopefully make more....
My entire point is... you can't live in fear. You also can't sell off when it drops 1,000. You have to set and EMERGENCY SELL OFF PRICE in your head... when it hits.. you sell. No looking back.
Once it gains $2,500 on your first investment... look at the leverage you have now? You don't live in Fear.
What about the investors that got in at $1,000 a long time ago? They don't live in fear. When you have ammunition to play with.... you make better moves. That's why the rich get richer... I can clearly see how it works now.
It's going to reach around 12k by Christmas. There's still plenty of time to invest in this coin. Everyone should be buying now.Comment -
If forced to make a guess on the next life changing coin, I'd go with one of these three:
IOTA - New generation technology using Tangle instead of Blockchain.
ADA - Called the ETH of Japan with strong developers.
POWR - Australian government $8m grant to develop this project. They also received $34m ICO.Comment -
Is indio Jewish? Otherwise I think you mean "anti-semite"
Besides, it realist, not racist to point out the Federal Reserve is undeniably under international globalist Jewish control. This isn't being paranoid or nitpicky, this is a thousand year old pattern. You being more concerned with calling someone racist than recognizing this deleterious situation is exactly what you've been trained to do.Comment -
It only feels personal to you as you are so completely wrong.
'Easily traded for goods' and a 'stable price' are no more relevant than 'intrinsic value' was.
US$ has made large moves in both directions in the last 20 years. Do you think that would be more likely to survive/prosper if it was a fixed price like the Yuan was not too long ago? How is intrinsic value or stable price somehow vital for bitcoin to survive but not for any other modern currency? In fact, kind of the opposite, all major modern currencies that started out with exchange rates fixed by govt were forced to move to a tradeable model to survive.
Bitcoin has also demonstrated clearly already that there is no requirement for it to be 'easily traded for goods' for it to escalate in value. Again to help you understand with an analogy. Why dosn't gold need to be 'easily traded for goods' to be valuable but you think Bitcoin does?.Comment -
Also, Bitcoin has turned out to be kind of disappointing as a money transfer device.
It's become expensive and unreliable. Micro payments are no longer possible at all. Many other brands of crypto-currency offer a far better model for money transfer. The only benefit for moving money with bitcoin is it's simplicity, fairly widespread support and perceived freedom from govt interference.
As soon as any other crypto gets those metrics right they will take over for money transfer.
Not that i think that means the end of Bitcoin. Obviously the driving forces behind original bitcoin dont see it as a money trasnfer device at all really. For them it appears to be purely a speculative thing, mostly about mining profits and a way to store value. Not buy stuff..Comment -
1. Coinbase has more users than Charles Schwab.
2. The US accounts for a minority of the bitcoin trade.
3. You can make bitcoin totally anonymous using TOR and mixers. Then you can meet up in person with others using localbitcoins.
4. Expedia, Microsoft, Overstock, Egifter, gyft and many other places take bitcoin.
5. Litecoin is a better version of BTC. It's faster and cheaper. There's less in-fighting. Adding SegWit and Lightning was smooth.
6. Overstock also accepts ETH and LTC.
7. There were more ETH transactions than BTC transactions in Nov.Comment -
Very well said, and makes the point much better than I did in a polite, concise, and cogent way. Also, you used the word deleterious (great word), which I had to look up for its meaning. So I learned a new word today which will now be forever in my linguistic arsenal. I like the thousand year old pattern phrase too. King Edward didn't kick out all the Jews in England in the year 1290 because he was a "racist". Curious to know how history would have played out if Cromwell didn't let them back in and Rothschild never took over The Bank Of England a few generations later. So much human misery could have been avoided over the last 3 centuries.Comment
