-
There has been a recent cluster of spammers accessing BARFer accounts and posting spam. To safeguard your account, please consider changing your password. It would be even better to take the additional step of enabling 2 Factor Authentication (2FA) on your BARF account. Read more here.
bitcoins
- Thread starter enki
- Start date
Smash Allen
Active member
i bought btc, eth, and ltc 12/11/17
i bought more btc, eth, and ltc 12/12/17
didn't show on my bank until 12/20/17
however, coinbase still showing the transactions as pending
so the money left my account, but i can't sell my positions, as i see the prices headed back to where i got in and going below
so far i've made more money just using my compooter's idle resources to mine eth and xmr - a whopping $15 or so in 10 days
i bought more btc, eth, and ltc 12/12/17
didn't show on my bank until 12/20/17
however, coinbase still showing the transactions as pending
so the money left my account, but i can't sell my positions, as i see the prices headed back to where i got in and going below
so far i've made more money just using my compooter's idle resources to mine eth and xmr - a whopping $15 or so in 10 days
Entoptic
Red Power!
Thank you Roger Ver and Coinbase for a great day!
afm199
Well-known member
I believe in human stupidity.
Just out of curiosity, was this an experiment that you wanted to run to see how easily you can move currency or did you think that you could profit as much and as easily as everyone said was possible?
fyi, I always notice your posts regarding finance, credit, identity security and investments and value what you have to say.
fraz
Active member
I was 100% with you up until this part. Yes gold was nothing more than perceived shiny awesomeness for valuation back in the early times. Then came the value for dental uses (now supplanted by porcelain). For a long time that gave it actual value because of its hardness, malleability, and lack of corrosion. You miss the biggie *actual* value of gold in modern era and that is electronics. It is an excellent low resistance conductor that doesn't tarnish and that market will perpetually feed the valuation of this metal for a long time.
While everybody and their brother is mining for crypto, keep in mind there is a huge business dumpster diving for reclaimed gold from old electronics. You don't keep that value status by just being a shiny object.
afm199
Well-known member
This I agree with.
Back when the early quick photo processing stores started opening, ( anyone remember FROMEX?) back in the eighties, they processed enough black and white ( silver based ) that we installed silver collectors in every one of them. They puked out a fair amount.
TripleSeven
...
What exactly are you referring to? I’ve already made easy profits.
What prompted you to start this endeavor in cryptocurrency in the first place. Experimentation or a strong belief that you were going to profit easily.
Last edited:
TripleSeven
...
Listening to my coworkers talk about it all day everyday. Had no expectations. It's been fun to learn about, as I've never traded or invested before. My investments thus far are up thousands. But of course it's worth nothing until i get it back into cash.
Thanks for sharing on the forum your experience with getting started. I appreciate it and i am sure many lurkers do as well.
Last edited:
But, I brought up dentistry and acknowledged platings. Didn't miss it at all. Blockchain tech isn't worthless either. Gold isn't used as much in dentistry today and gold as a plating functions because it transmits well for the price. It isn't the best, it just hits that commercial manufacturing price point. Also, turns out...not so rare. Gold is mostly hype and so is crypto. It's okay though, buy/sell/trade gold and crypto all you want, but don't ignore the shiny and low-importance function parallels. Just about anything with value like gold/cash/crypto is largely based on perception. Guns/ammo/tools/vehicles/food/water/shelter/medicine, those are things with value that transcend social conditioning.
Buy my gold!
https://www.ebay.com/itm/302568882374?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649
These are lower in gold content than I usually sell but it's nine lbs! I've not made tons of $$$ but I have been able to have turned gold into crypto currency (paypal LOL).
Dubbington
Slamdunk Champion
XRP at $1.12 right now 
ing
Soon as it hit $0.70 I said too high to get in
No way unless there's a collapse does it get below $0.50 again. Wonder why XRP is the new favorite. Partly because it's cheap I assume. It will drop, I don't see it as a hold. Too many buyers getting in to make quick cash.
ing Soon as it hit $0.70 I said too high to get in
No way unless there's a collapse does it get below $0.50 again. Wonder why XRP is the new favorite. Partly because it's cheap I assume. It will drop, I don't see it as a hold. Too many buyers getting in to make quick cash.
afm199
Well-known member
GBTC down another $400 today
Did one more profitable trade, but this time it took forever to execute, which means that may end my trading in this ETF.
GBTC now down $570. -25% extreme volatility
Did one more profitable trade, but this time it took forever to execute, which means that may end my trading in this ETF.
GBTC now down $570. -25% extreme volatility
Last edited:
Climber
Well-known member
How transparent is the system?
Is anybody 100% sure that these ups and downs aren't pre-programmed with a small select group of people knowing beforehand when the highs and lows are coming?
Seems like this would be a great and cunning way to create a perpetual money machine.....
afm199
Well-known member
Hell no. It's manipulated, but it's manipulated at the market maker level in small ways. As to the preprogramming, if the market worked that way, it wouldn't be a market. You need buyers and sellers.
If you watch the trade ticker it's mostly 1-3 shares of GBTC with some trades of 25-100. 100 would cost $180k, not a sum that trading houses would be doing much.
The trading is manipulated by market makers delaying small orders to their convenience, and by algo players looking for arbitrage opportunities. The market makers come out ahead, lol. The algo guys get caught by popular movement just like everyone else.
Last edited:
jiffy
Member
Tom Lee says, "if you build a very simple model valuing bitcoin as the square function number of users times the average transaction value. 94% of the bitcoin moves over the past four years is explained by that equation."
