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| The Scuppers This is a new forum for the not necessarily fishing related topics... |
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08-14-2017, 06:59 AM
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#1
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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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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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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08-14-2017, 08:06 AM
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#2
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,134
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Quote:
Originally Posted by nightfighter
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 |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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08-14-2017, 03:53 PM
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#3
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Registered User
Join Date: Nov 2000
Location: Warwick RI,02889
Posts: 11,757
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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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ENJOY WHAT YOU HAVE !!!
MIKE
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08-14-2017, 03:59 PM
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#4
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Please
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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08-15-2017, 04:33 AM
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#5
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,666
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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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No boat, back in the suds.  
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08-15-2017, 07:33 AM
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#6
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,134
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Quote:
Originally Posted by piemma
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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Wait, anonymous money? Nobody would ever do anything illegal with that ; ) - Ooops, gotta go launder my laundry ; )
Yes, Bitcoin is often used for illegal activities. Start here:
https://www.google.com/search?q=bitc...w=1196&bih=500 |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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08-31-2017, 06:36 PM
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#7
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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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
Last edited by cheferson; 08-31-2017 at 06:50 PM..
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08-31-2017, 06:55 PM
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#8
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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They print millions of dollars everyday! Basically taking money out of everyone's pocket . Sheep dollars
Posted from my iPhone/Mobile device
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09-01-2017, 06:57 AM
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#10
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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Quote:
Originally Posted by cheferson
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
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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. |
“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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09-01-2017, 08:00 AM
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#11
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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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
Last edited by cheferson; 09-01-2017 at 08:07 AM..
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09-01-2017, 09:08 AM
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#12
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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GBTC down 23.88% on the day at 0952 EST.....
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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09-01-2017, 09:37 AM
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#13
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Quote:
Originally Posted by nightfighter
GBTC down 23.88% on the day at 0952 EST.....
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Lol , saw that ! Only down 17% now . I imagine lots of early adopters and investors to take profit as the price closes in on 5 k .
Check out ethereum , Monero and litecoin
Posted from my iPhone/Mobile device |
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09-01-2017, 09:40 AM
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#14
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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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
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09-01-2017, 10:06 AM
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#15
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Could have bought gbtc this am at 767 and be at 880 an hour later .
Posted from my iPhone/Mobile device
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09-01-2017, 12:52 PM
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#16
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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09-07-2017, 08:52 AM
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#17
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-08-2017, 10:41 PM
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#18
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Registered User
Join Date: Jul 2007
Location: Newport, RI
Posts: 2,395
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OK lets bring this thread back. This site needs a Crypto thread. Whos been dabbling?
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12-09-2017, 01:25 PM
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#19
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Registered User
Join Date: Nov 2008
Posts: 333
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Quote:
Originally Posted by bassballer
OK lets bring this thread back. This site needs a Crypto thread. Whos been dabbling?
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I wish, |
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12-10-2017, 10:16 PM
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#20
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Seldom Seen
Join Date: May 2001
Posts: 10,505
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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.
Last edited by nightfighter; 12-10-2017 at 10:51 PM..
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“Americans have the right and advantage of being armed, unlike the people of other countries, whose leaders are afraid to trust them with arms.” – James Madison.
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12-12-2017, 09:06 AM
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#21
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BuzzLuck
Join Date: Feb 2009
Location: Brockton
Posts: 6,414
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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 
Last edited by PRBuzz; 12-14-2017 at 08:02 AM..
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 Given the diversity of the human species, there is no “normal” human genome sequence. We are all mutants.
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12-13-2017, 04:31 PM
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#22
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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I tried , lol
Posted from my iPhone/Mobile device
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12-14-2017, 07:59 AM
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#23
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Certifiable Intertidal Anguiologist
Join Date: Feb 2000
Location: Somewhere between OOB & west of Watch Hill
Posts: 35,134
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Quote:
Originally Posted by cheferson
I tried , lol
Posted from my iPhone/Mobile device
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Hope you got some still! Yer buying drinks ; )
Yes you did ; )
Temptation was great even though how evil it can be ; ) |
~Fix the Bait~ ~Pogies Forever~
Striped Bass Fishing - All Stripers
Kobayashi Maru Election - there is no way to win.
Apocalypse is Coming:
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12-15-2017, 11:24 AM
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#24
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,666
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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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No boat, back in the suds.
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12-15-2017, 11:46 AM
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#25
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Registered User
Join Date: Nov 2003
Location: RI
Posts: 21,231
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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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12-15-2017, 05:34 PM
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#26
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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Quote:
Originally Posted by piemma
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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Ripple is actually a bad example , been around since 2004 ... also they have american express on board and lots of banks using their blockchain
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? |
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12-16-2017, 08:01 AM
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#27
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Registered User
Join Date: Nov 2003
Location: MA
Posts: 3,630
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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
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12-17-2017, 05:01 PM
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#28
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Red Eye Jedi
Join Date: Jan 2004
Location: East Facing
Posts: 4,373
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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  |
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12-18-2017, 04:55 PM
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#29
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Very Grumpy bay man
Join Date: Nov 2003
Location: Rhode Island
Posts: 10,666
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Quote:
Originally Posted by bart
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 |
To risky for a retired guy. I worked all my life and we live comfortably. I'm not going to risk my assets on this stuff. Not saying people are not getting rich on it because they are. I'm just too conservative (at least with my money) to risk it. |
No boat, back in the suds.
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12-18-2017, 05:00 PM
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#30
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Registered User
Join Date: Sep 2003
Location: Libtardia
Posts: 21,591
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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
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