Nitrogen must feel like a goldmine now

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  • rockmvp1209
    SBR Wise Guy
    • 09-27-13
    • 755

    #1
    Nitrogen must feel like a goldmine now
    Imagine all the bitcoins they have the previous year when btc was under 800 now the value is 1000 more . Jackpot
  • Roscoe_Word
    SBR MVP
    • 02-28-12
    • 3999

    #2
    Wish there was a handicappable way of predicting the value of BTC, brother.

    Or maybe it's like AMAZON. Just buy it, sit through the ups and downs, and reap the profits.

    Housing market, Bitcoin value, stock market....seems always to lead to one conclusion.

    "Do we have enough confidence in our extrapolations to ride out any storms?"
    Last edited by Roscoe_Word; 05-11-17, 02:23 PM.
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    • PharaohUB
      SBR MVP
      • 01-23-07
      • 4865

      #3
      I think when they opened up shop bitcoin wasn't even worth $15. It's still to be seen if any of these bitcoin shops struggle if Bitcoin itself struggles for a decent stretch of time. I'm sure the bitcoin price increases over time has added a little chunk to the top half of their income statement.
      Comment
      • themike78
        SBR MVP
        • 07-01-13
        • 4873

        #4
        Great. Maybe now they can hire more graders. 1 hour for a baseball game is unreal.
        Comment
        • rockmvp1209
          SBR Wise Guy
          • 09-27-13
          • 755

          #5
          I mean this is like the MGM taking a 800 dollar bet all in bet(1 btc) and the bet loses . Then the money sits in the cash register for a year and turns to 1800 . And it happens thousands of times throughout the year with other players lol. They are winning fellas
          Comment
          • themike78
            SBR MVP
            • 07-01-13
            • 4873

            #6
            How do you know they aren't just converting the bitcoin to dollars instantly though. I doubt they are just letting it all sit in bitcoin.
            Comment
            • rockmvp1209
              SBR Wise Guy
              • 09-27-13
              • 755

              #7
              Originally posted by themike78
              How do you know they aren't just converting the bitcoin to dollars instantly though. I doubt they are just letting it all sit in bitcoin.
              Good point. If they really are doing that and instantly making it dollars then they probably missed out on 50 million plus lol
              Comment
              • Buffalo Nickle
                SBR MVP
                • 11-12-14
                • 3228

                #8
                They take in bitcoin and hold it and then pay out bitcoin. So they don't really benefit off what they receive other than the difference between what they pay out and receive. If they hold that as bitcoin, they benefit when it goes up. But if they do that and it takes a header, could go out of business overnight. I would not be too excited about these prospects.

                If they are making major money on bitcoin, they will likely eventually be wiped out and people will lose major funds.
                Comment
                • rockmvp1209
                  SBR Wise Guy
                  • 09-27-13
                  • 755

                  #9
                  Originally posted by Buffalo Nickle
                  They take in bitcoin and hold it and then pay out bitcoin. So they don't really benefit off what they receive other than the difference between what they pay out and receive. If they hold that as bitcoin, they benefit when it goes up. But if they do that and it takes a header, could go out of business overnight. I would not be too excited about these prospects.

                  If they are making major money on bitcoin, they will likely eventually be wiped out and people will lose major funds.
                  let's be honest 70 percent of deposits go to 0 quick it's not like everyone is winning lol. That's why books are in business . So they have tons of bitcoins I'm saying. And imagine if they hold it
                  Comment
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