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bitcoins

�� thats where you are wrong. I'm not selling anything as a matter of fact today I'm buying more. I absolutely love that there are folks like you. Like I said earlier you invest the way you want and I will do the same. Again, I'm buying at this level. Also I use them. Lunch today was paid for by bitcoin.
 
you're selling the concept of bitcoin here, is my point.

on the lunch menu - was your food priced in bitcoin or dollars?

anyway, by embracing this technology, you are unwittingly aiding the IMF and over-arching power structure in its plan to roll out a special drawing rights crypto currency that will replace the dying USD as global reserve currency. road to hell paved with good intentions etc etc so forth.
 
For me it was priced in bitcoin because that is how i paid. The merchant was then paid with cash. No different from me swiping a credit card, I get the goods and the credit company then gives the merchant USD. Dollars are valuable because WE agree that they are. All they are is a piece of paper that has a serial number on it. Bitcoin is a serial number distributed on the network.
I can see all you want to do is tell people they are wrong instead of learning something new.
BTW cryptocurrencies will NEVER replace fiat. Im not really sure what your point is other than to argue which is not what I'm here for. Cheers.
 
Preposterous price action on this thing... around 20% drop in the last 3 days, and roughly 30% down over the last 1-2 weeks. Of course, it's impossible to proclaim precise % gains/losses on the fly since it's so friggin volatile.

Feel free to speculate on this phenomena folks... just make sure you have 1.) an iron stomach, 2.) an exit strategy and 3.) (most importantly) some money in other, more "traditional" investment vehicles/stores of wealth first.
 
redruM said:
Preposterous price action on this thing... around 20% drop in the last 3 days, and roughly 30% down over the last 1-2 weeks. Of course, it's impossible to proclaim precise % gains/losses on the fly since it's so friggin volatile.

Feel free to speculate on this phenomena folks... just make sure you have 1.) an iron stomach, 2.) an exit strategy and 3.) (most importantly) some money in other, more "traditional" investment vehicles/stores of wealth first.
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I believe it's attributed to the PBOC ruling.
 
redruM said:
Preposterous price action on this thing... around 20% drop in the last 3 days, and roughly 30% down over the last 1-2 weeks. Of course, it's impossible to proclaim precise % gains/losses on the fly since it's so friggin volatile.

Feel free to speculate on this phenomena folks... just make sure you have 1.) an iron stomach, 2.) an exit strategy and 3.) (most importantly) some money in other, more "traditional" investment vehicles/stores of wealth first.
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You mean cashing out my 401k, selling all stoks and buying bitcoin was a mistake?
 
I bought more today and will keep doing so. Do your thing red and I'll do mine. Your looking at the last few days. Look at the last year. Or the year before that. Or the year before that. The naysayers are eating their words. I have no doubt you will as well. Lets talk in a few years. Meanwhile I'll buy and use this system of payment. I would rather use bitcoin then let Wells Fargo or any bank use my money.

For posterity current btc price is 3300.
 
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This thread reminds me of the "flipper bros" on motorcycle boards who kept saying in 2005-2006 that home values would never drop. Never mind that they did exactly that during the 90's in LA, but these guys were too young to know that.
 
panthera said:
I bought more today and will keep doing so. Do your thing red and I'll do mine. Your looking at the last few days. Look at the last year. Or the year before that. Or the year before that. The naysayers are eating their words. I have no doubt you will as well. Lets talk in a few years. Meanwhile I'll buy and use this system of payment. I would rather use bitcoin then let Wells Fargo or any bank use my money.

For posterity current btc price is 3300.
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I just bought 1k worth of Ripple @ 18 cents a pop. We'll see what happens. If I lose it no biggie but if it blows up I'll freak the fuck out. Might even buy Barf!:twofinger
 
Reli said:
This thread reminds me of the "flipper bros" on motorcycle boards who kept saying in 2005-2006 that home values would never drop. Never mind that they did exactly that during the 90's in LA, but these guys were too young to know that.
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The same can be said about the stock market, but over time it has risen with consistency. The housing market did tank, but has again risen to new heights. Bitcoin is no different with it's gains and losses, except Bitcoin has a finite number of units that will ever be in existence, which makes it more valuable over time.
 
Entoptic said:
I just bought 1k worth of Ripple @ 18 cents a pop. We'll see what happens. If I lose it no biggie but if it blows up I'll freak the fuck out. Might even buy Barf!:twofinger
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Nice. I think my average is about that. My dad has a friend on the east coast that mines who has 200,000 ripple and various other crypto. He sent my dad 1000 and told him to be careful not to lose them because they may be worth a few dollars each at some point in the near future. I would consider Ethereum as well if you don't already have some. They may eclipse bitcoin in the next few years according to some analysts due to there smart contract feature.
 
Entopic- there you go. You paid 18 and now a few weeks later its 26. Nice almost 50%. BTC is about 4600 today. 1300 more than it was.
 
panthera said:
Entopic- there you go. You paid 18 and now a few weeks later its 26. Nice almost 50%. BTC is about 4600 today. 1300 more than it was.
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Yea I’m all dialed in now. USD into bitcoin, take profits and split. Dump half back into USD and rest into ripple for now. It’s amazing how easy and unregulated this stuff is.

Bitcoin up 400.00 today.... Lambo coin
 
I'm glad you guys are doing well. Really that's cool. But the euphoria is reminding me of the housing bubble. Nothing goes up forever right?

And just because I'm greedy too, how do you buy this stuff?
 
Mike95060 said:
I'm glad you guys are doing well. Really that's cool. But the euphoria is reminding me of the housing bubble. Nothing goes up forever right?

And just because I'm greedy too, how do you buy this stuff?
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What housing "bubble"? Houses cost way more now then 5 years ago. Housing is at an all time high right now. I think bubble is the wrong word. What folks should be calling this is a disrupter technology.
 
panthera said:
What housing "bubble"? Houses cost way more now then 5 years ago. Housing is at an all time high right now. I think bubble is the wrong word. What folks should be calling this is a disrupter technology.
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Um the bubble that popped in 2008 with sub prime lending? Bay area is not reflective of the entire country in housing prices. Point was it was an analogy and I'm wary when people start to think things will only go up.
 
Mike95060 said:
Point was it was an analogy and I'm wary when people start to think things will only go up.
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You are correct to be wary about mania phenomena, for sure. I don't think the analogy is a good one though... a house is a physical, tangible asset with undeniable intrinsic value. A crypto-coin is an intangible asset that exists only when the power is on.

Congrats to anyone who benefits financially from these things though! :thumbup
 
redruM said:
A crypto-coin is an intangible asset that exists only when the power is on.
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This is simply not true. You have the ability to spend offline. Can you use your visa card without power? No. But if i have a hardware wallet I can with crypto. IMO everyone should educate themselves on the technology. There is more to this than can be discussed through barf.
 
If you’re interested in getting started go to coinbase.com and make an account. Turn two factor authentication on. I linked my cc to the account and use it to purchase bitcoin.

Then download the app, put two factor authentication on and start trading or just hang on for the ride.

From there I trade to www.kraken.com for ripple. Linked my bank account to that and deposit directly to it.
 
panthera said:
This is simply not true. You have the ability to spend offline. Can you use your visa card without power? No. But if i have a hardware wallet I can with crypto. IMO everyone should educate themselves on the technology. There is more to this than can be discussed through barf.
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The power is out from an earthquake. How do you convince a store or maybe even your neighbor to sell you something using this hardware wallet?
 
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