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Old 01-03-2018, 06:51 PM   #1
dino76m
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Bitcoin-ALtcoins (cryptocurrency)

so has anyone got on this bandwagon,, been wanting to ask sooner but was waiting to see where the CraZiness is heading. new fav seems to be Ripple
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Old 01-03-2018, 07:25 PM   #2
TNovak
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I have no bitcoin, a little bit of Litecoin, nothing else.
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Old 01-03-2018, 09:15 PM   #3
Finisher
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Much illegal money goes into these crypto currencies (e.g. money laundering) !
And mostly chinese go and mine these (hard to track back - !if done right!).
Altcoin has many advantages over bitcoin. But all have same "problem": There is no real "value" behind a crypto; e.g. no tax and gross domestic product, enterprises of a country and so on, which gives the currency of a country its value.
There is absolutely nothing as the believe in it. You can`t even get a "jewel" or something to touch. The only "value" is the destroyed environment (mining needs a huge amount of energy).
and the risk of getting chopped.
If interest into a crypto goes up you make money, if it goes down you will lose everything (propably very fast).
Not the "normal" people as you and me give a crypto its value. That`s far above you and me. Anyway you can be sure some people get much money out of "their" crypto, propably your money.
Be careful.

Something to think about:

"the last bite the dog"
"snowball system"
"Litecoins, Peercoins, Primecoins, Namecoins", ..... where is the end?
"go out in time; before crashing starts"
"professional speculators drive prices, then go out before everyone else goes out"
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Old 01-03-2018, 10:26 PM   #4
dino76m
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its almost like religion,, except this is driven by greed, and so more people will hop making it even bigger,, hard to stop it,, just like religion and blind faith
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Old 01-09-2018, 04:35 AM   #5
One Above All
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does any souls here invest in beekcoin?

have you made any monies?
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Old 01-13-2018, 05:15 PM   #6
House
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I don't personally, but friend at work picked a Bitcoin up for 4k USD, then waited a few months. When it reached up to 18k USD around Christmas.. He then sold .5 Bitcoin. Right after then it gradually dropped again. Good timing for him!
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Old 03-21-2021, 06:32 PM   #7
Adrird
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This cryptocurrency phenomenon is going wild. A lot of people are making big money on it, but I am sure that a big part of that money is illegal. I just hope that the police will find a way to control this, because a lot of people are earning money unjustly. I just found recently this platform insiderlearningnetwork.com that also works in the cryptocurrency industry. But because of a lot of companies that offer this type of services, I don't know if you can trust them, but in case someone worked with them, please text me.
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Old 03-21-2021, 11:52 PM   #8
Gravitron
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Quote:
Originally Posted by House View Post
I don't personally, but friend at work picked a Bitcoin up for 4k USD, then waited a few months. When it reached up to 18k USD around Christmas.. He then sold .5 Bitcoin. Right after then it gradually dropped again. Good timing for him!
Based on USD.LOL Bitcoin is pure nonsense. An imaginary currency of 1's and zeros which is worth a semi worthless piece of paper you currently use. Buy Gold and silver girls, or at least own something with tangible inherit value. Or be stuck with nothing if and when the power goes out LOL.
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Old 03-23-2021, 11:04 AM   #9
TNovak
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Quote:
Originally Posted by Gravitron View Post
Based on USD.LOL Bitcoin is pure nonsense. An imaginary currency of 1's and zeros which is worth a semi worthless piece of paper you currently use. Buy Gold and silver girls, or at least own something with tangible inherit value. Or be stuck with nothing if and when the power goes out LOL.
This is exactly how I used to think and as a guy in my 50's I own a decent amount of physical gold and silverand I had one of those skateboard riding neighbor kids who is constantly shaking his hair out of his eyes tell me I should buy crypto a few years ago and I gave him basically the same speech you just did. But then it caught on and as noted above I did dip my toe in and my one Lite coin as it was cheap and I didn't think I could hurt myself but then I did research and found out that was about the worst one I could have bought and so I adjusted.

I bought 2 Bitcoin, 1.5 ETH, and some OXT and BAT. In total I have about $20,000 into it and as of this entry it is worth about $122,000. Many times I have been tempted to sell at least what I have into it and then just play with house money and I still might but just think of why it is so valuable. Fiat currencies of all kinds are oversupplied and inflated beyond reason including the US Dollar. BTC has a set number that can ever be produced and at least on large purchases can be used as currency and cannot be counterfitted. It is not controlled by any government. What happens when inflation spirals out of control and 7.5 billion people realize this fact? And I get what you are saying about gold but governments can do the same to that that they could do to crypto and probably even more effectively. In 1932 FDR made it illegal to own gold and if you were caught with any you would face 10 years in federal prison and a $10,000 fine. It wasn't until Gerald Ford that it became legal again for a private citizen to own gold.

I saw that skateboard kid a few months ago and I told him "You know kid if you were a better salesman I would be a lot richer". I guess I am just saying we shouldn't shut out new things and new opportunities because we don't understand them.
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Old 03-23-2021, 11:44 AM   #10
Augen
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I am curious why the USD hasn't witnessed more inflation this past decade.

2021 - 1.6%
2020 - 1.3%
2019 - 1.8%
2018 - 2.6%
2017 - 2.3%
2016 - 1.4%
2015 - 0.1%
2014 - 1.8%
2013 - 1.7%
2012 - 2.3%
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