Bitcoin revisited
Broke through $4000....... Still intrigued. Still haven't found a way to invest in it. Price has skyrocketed over past four months and it has designated into two classes of Bitcoin. Old threads here reveal some interesting predictions. I will find a way to get involved, even if to a very limited scale. It could have legs in ten years....
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It could also be confiscated as it is used to support sterile transactions of terrorists, organized crime (spyware/malware), and foreign interference peddling |
Ross I was with someone a month ago who had told me that they had invested in them & it was doing very good ...didn,t dig into it @ this age ,But if you want me to I can reach out to see how he got to invest ><><>
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Please
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After over 35 years selling into financial services, I can only relate that all the bank guys I know are staying away from it. Too easy for fraudulent transaction/criminal activity to take place.
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Yes, Bitcoin is often used for illegal activities. Start here: https://www.google.com/search?q=bitc...w=1196&bih=500 |
Told all of you over 4 years ago lmao ! Where's spence 😭😂?!?! Bet you a vs lol ! Spence said double digits ,worthless 👌🏼! anonomous , not at all
! Every transaction is logged in the blockchain . Nightfighter Bitcoin and crypto currencies are easy to invest in . My gf's boss pays her 5 and 9 Yr old in Bitcoin for chores , lol ! Look up Gbtc 👀If your lazy Posted from my iPhone/Mobile device |
They print millions of dollars everyday! Basically taking money out of everyone's pocket . Sheep dollars
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http://money.cnn.com/2017/01/31/inve...ing/index.html
Way more dirty money in the banking system http://money.cnn.com/2017/01/31/inve...ing/index.html 10 billion dollars laundered , over 600 million in fines Posted from my iPhone/Mobile device |
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GBTC is a viable option if you get by the 2% mgt fee they charge for doing nothing.... Of course that pales in comparison to the >85% premium one has to pay..... Investors in bitcoin have made some life changing gains over the past year plus. But as a classically trained economist/investment advisor, there are some very red flags flying.... Chef, can you tell me you would ever consider paying 85% premium for anything? Just presenting the other side of the risk coin. |
Gbtc is way over priced for the amount they actually hold, I agree 100% . Thing is Gbtc is the easiest in for the average Joe . Soon as more options are available , it will tank .
Just buy actual Bitcoin in person or from an exchange like Coinbase . Posted from my iPhone/Mobile device |
GBTC down 23.88% on the day at 0952 EST.....
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Check out ethereum , Monero and litecoin Posted from my iPhone/Mobile device |
People made a killing collecting and selling beanie babies and Pokémon cards too.
The higher the risk, the higher the reward or the loss. Posted from my iPhone/Mobile device |
Could have bought gbtc this am at 767 and be at 880 an hour later .
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http://www.marketwatch.com/story/the...of2&yptr=yahoo
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OK lets bring this thread back. This site needs a Crypto thread. Whos been dabbling?
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$16400 at 10 pm up 1800..... after commencing trading on CBOE today. Much of the recent gains are on anticipation of participation IMO. Air, fluff, smoke and mirrors, call it what you will. But some have and will make money, and some will lose BIG........ Too few whales control too large a percentage of the overall market. I have seen one report that says 1000 people own 40%. They all know each other and talk, and just want to make money. So they don't want to sell a large portion and kill the price. And they can all "conspire" for lack of a better word, because as a currency, it isn't fraud to share information as it would be if you held a controlling position in a publicly traded company. It just reeks of the possibility for a pump and dump. I am out.... and was never in.
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for anyone even thinking about cryptocurrencies investing, start by opening an account in Coinbase (Coinbase is FDIC insured for US customers up to $250,000, for security breach or employee theft, and keeps only 2% of its currency online). Coinbase directly trade in Bitcoin, Ethereum, Litecoin. Invest any amount you can afford (think about 1-2% portfolio and that in worse case you can afford to lose 100%, always possible). Don't think about buyin whole "coins", these things trade in units that go out 6-8 decimal places so $10-100's can be invested as easily as $1000's. The are over 200 currencies in the world now. Stop thinking and go for it, I did but I also have a high tolerance for risk. I also have had help...not sure if he is on this board ;)
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I tried , lol
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Yes you did ; ) Temptation was great even though how evil it can be ; ) |
If you think the Bitcoin thing is crazy, take a good hard look at what is happening in the CrypoCoin space. People are INVENTING cryptocurrency at 7AM and fools are buying the crap instantly. Look at Ripple (XRP), INSANE!!!!
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You'd be crazy to get into this scheme today. I'm sinking all my cash into Beanie Babies.
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Lots of ICO's are total bs , but some are not . All this seems crazy, but hey look at a smart phones today . Did you see that coming 20 years ago? |
https://www.cryptokitties.co/
🤣🤣 Here ya go Spence and eben , buy some digital beanie babies , lol . Guy sold one for 110k Posted from my iPhone/Mobile device |
I love how Tyler called this, was even willing to bet a VS on it. People gave him chit, looks who's laughing now. Love it :cheers:
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A friend of mine grew up as a 1%er. Parents were LOADED. He could have become anything he wanted in life as his parents could have placed him in any good college he chose. Long story short, his dad put everything they owned in an investment that was sure to explode. The story ends with his parents loosing everything, including their house and my friend is now a nail banger framing houses.
Kudos to Chef, but I make my money with my hands and with extreme caution. Call me the tortoise. Posted from my iPhone/Mobile device |
GBTC today....
$3,463.00 764.00 28.31% So if I did not buy in on 9/1/17 when it was trading around 800, what would make me buy in when it goes up almost 800 in a day? Opportunity lost? Absolutely. Not going to say that it doesn't bother me a little bit, but there is nothing in the story that is any more compelling now than there was back then. Besides, I would have already been long out of it having taken a profit anyway. No way I could even consider establishing an initial position at this level... Of course if it is at 10k in March I will be kicking myself a little bit, but I can only act with the information I have in front of me now. |
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And another red flag...
Crypto Company CRCW has had its stock trading suspended by SEC until Jan 3 2018 pending investigation of its promotion and compensation.... Stock was ten bucks in October. Closed at 575 before suspension. Reminds me of some pot stock suspensions that left shareholders holding the bag.... |
GBTC today...
1,772.00 -610.995 -25.64% So I could buy twice as much as.... just three days ago.... And another sure sign that this cryptomania has reached a frenzy that will rob you; Long Island Iced Tea skyrocketed 4X after changing its name and focus to Long Blockchain.... I actually thought it was a joke when I first read the report. Maybe John should rename the site Striped-Blockchain.... he will be able to sell it for millions! Tomorrow! |
Ross, why is it that everyone who says they invest in schemes like this never lose $, you only hear of them making $?
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It’s hard to post when you are in the fetal position under your desk.
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Emotion can lead to massive errors in judgement when it comes to investing. Chasing a stock is no different from the gambler trying to make up losses from the 1 o'clock NFL games by going in heavy on the late games. I do have >50% in a single position, but it is a large cap and I am up > 125%, which skews the pie. Usually have no more than 10% in a single position when establishing it. These folks who say they put it all in on Bitcoin, or whatever, are either lying or have the ability to live with a ton more risk than anyone I know personally. Crypto market cratering some more today, though most trading is done for the day at this hour as majority of traders are in the bars... |
Amazing that the fundamentals can change that much in a day LOL
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Live by the sword
Die by the sword |
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