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personally, while bitcoin, ethereum, litecoin etc might be very nice investments, I do not see CC's ever replacing government issued currency. Acting as an alternative form of payment? sure, but not completely replacing. Even if they do replace current currencies, they will be regulated and ultimately just be another variation of what we currently have. Don't think they will be regulated? good luck with that.

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I respect results, and thats what 90s has produced. I was one of his biggest detractors, this is not favoritism. But Id Rather listen to him than a Doctor job who uses a flip phone, a cop who somehow makes 3x more than any other cop magically and other assorted clowns who have nothing but stories.

 

not that I need to defend mmbeer here but I dont think you understand how law enforcement pay scales work and how retirement investing works. He doesn't need to make 3X more than any other cop if hes not a cop nor does he need to make 3X more to build a retirement portfolio. :wacko:

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Legit question, no snark..arent you a cop? All your posts now are just bragging how you make so much money and have millions waiting in retirement. I always grew up seeing on tv things like oh on a cops salary etc, Oh not for what they pay cops. Etc like they dont make that much. Are you just special and make more than all the rest? Again no snark, just curious.

 

My brother in law is a police officer in Denver, they do alright. If you are ambitious/smart you can expect to make close to 6 figures in your early to mid 30's with the possibility of doing even better than that.

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Legit question for you... as I make no claims to be a CC genius.

 

First of all I dont think the only thing standing between mainstream acceptance is time and exposure. I think Vudu laid out a number of issues standing between mainstream acceptance in his post above.

Those same obstacles faced things like the internet, and those transactions which take place on it. Time - and exposure - will work out those details. There will be obstacles; challenges; opposition.

 

Particularly opposition. From the same 'swamp' that wants to control everything else. It's the real reason why they're calling for 'regulation'. They want control.

 

Control will likely take the form of an additional string of alphanumeric characters attached to each unit of cryptocurrency. A high tech 'tracking device', if you will. At least that's the form of 'regulation' I'm guessing the PTBs are going to attempt.

 

but back to my question.

 

Do you think that crypto currencies will soon or one day replace goverment issued currency completely?

In exactly the same way cars have replaced horses, and for the exact same reason.

 

If you do, where will the value of your investment be? Simply having lots of crypto currency compared to another person?

Yes, in fact - and/or in the value of assets you've traded for it.

 

When you sell your crypto stake, what will you get in return if there is no fiat currency to tell you your 1 bitcoin is $9500?

 

To whom do you sell your dollars to?

 

I understand your question, but it just indicates to me that you don't have a full grasp of this thing. Imagine discovering gold - in the ground - and being the first to recognize that it would be well-suited as a medium of transaction. Now imagine we're about 6 years into a world like that: gold is just now being used to transact business. As part of a bartering system. It has its own value, and it represents a unit of measurement of value - simultaneously.

 

That's what cryptocurrencies are atm (ETH more than others IMO, for the reasons discussed earlier). Now - to answer your question - fast forward hundreds of years, to a time where gold's value has been fully determined by a society which has integrated it into its economics.

 

Its value is now stable - but its value as a currency has been subjugated by power brokers who substituted little bits of linen with flowery artwork. Gold, though can be traded for things, but its value - intrinsic or otherwise - is stable.

 

That's what you're asking me: how would you value a crypto at that point? A: like you value gold. Its value is found in what you could trade it for...just like a dollar bill.

 

Except that there is no mechanism which will drain from it economic value via printing, as the Government holds the power to do to you.

 

 

Is there a point where you would sell your current CC investments in order to capitalize on your fiat currency gains?

If this goes as I hope it will, the only time I'll feel compelled to do such a thing is if I need the liquidity of the current fiat currency for a transaction that cannot happen with cryptocurrency. That's possible - if this market explodes rapidly, and I want to 'cash out' and am required to use the convertibility of the USD as a 'middleman'.

 

But hopefully not.

 

or are you holding onto all your CC's because they are clearly the future and you're just going to hold them until CC's are the only or at least the major form of payment for any good or services?

If I predict this correctly, the value as expressed in a chart will look like the first half of a Bell Curve, and the second half will simply continue to expand at the rate of economic growth.

 

But that's only when considering cryptocurrencies as a group. Within the cryptos themselves, some graphs are going to be steeper/more wealth producing than others.

 

The trick is to figure out which ones have staying power. I believe that people are investing in ETH for different reasons than they are, for instance, investing in LTC. I think what powers LTC's growth right now is the dual purpose of diversifying holdings in cryptos (risk aversion), as well as a conscious FOMO regarding the prior massive run of BTC.

 

I think ETH investors have a little of that as well, but what really prompts the savvy investor in ETH is the realization that block chain algorithms can play a role far more expansive than merely as a unit of currency exchange.

 

For that reason, I believe that ETH's chart is going to - long term - look meteoric in comparison to the others. '90's can chime in on this, but that's my overall feeling on the topic.

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My brother in law is a police officer in Denver, they do alright. If you are ambitious/smart you can expect to make close to 6 figures in your early to mid 30's with the possibility of doing even better than that.

Gotcha, thanks. Lord knows they deserve it and put their lives on the line regularly.

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ive seen plenty of discussable points made in this thread, you just wish to dismiss them as not being discussable.

:doh:

 

I'm dismissing them by responding each time??

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I think I also just realized Iam90sbaby's 1000% assuridty and guarentee in crypto is one of the things that makes me leary and I find it more untrustworthy because of it?

Nothing financial should should be backed with such rabid verocity. Haha...

If you would have listened to me when I initially gave you the tip you would be sitting on an extra 30k right now. Sucks you feel that way. For you.

 

Haha.. you're a pompous lil tyke aren't you?

Again.. I'll be okay kid.

It appears as though you fired at him, and he responded in kind.

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It appears as though you fired at him, and he responded in kind.

Haha.. nothing personally against him... just hard to not be suspect for somebody touting Whamo!... ultra rich.

 

But.. yup to each his own.

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Those same obstacles faced things like the internet, and those transactions which take place on it. Time - and exposure - will work out those details. There will be obstacles; challenges; opposition.

 

Particularly opposition. From the same 'swamp' that wants to control everything else. It's the real reason why they're calling for 'regulation'. They want control.

 

Control will likely take the form of an additional string of alphanumeric characters attached to each unit of cryptocurrency. A high tech 'tracking device', if you will. At least that's the form of 'regulation' I'm guessing the PTBs are going to attempt.

 

 

In exactly the same way cars have replaced horses, and for the exact same reason.

 

 

Yes, in fact - and/or in the value of assets you've traded for it.

 

 

 

To whom do you sell your dollars to?

 

I understand your question, but it just indicates to me that you don't have a full grasp of this thing. Imagine discovering gold - in the ground - and being the first to recognize that it would be well-suited as a medium of transaction. Now imagine we're about 6 years into a world like that: gold is just now being used to transact business. As part of a bartering system. It has its own value, and it represents a unit of measurement of value - simultaneously.

 

That's what cryptocurrencies are atm (ETH more than others IMO, for the reasons discussed earlier). Now - to answer your question - fast forward hundreds of years, to a time where gold's value has been fully determined by a society which has integrated it into its economics.

 

Its value is now stable - but its value as a currency has been subjugated by power brokers who substituted little bits of linen with flowery artwork. Gold, though can be traded for things, but its value - intrinsic or otherwise - is stable.

 

That's what you're asking me: how would you value a crypto at that point? A: like you value gold. Its value is found in what you could trade it for...just like a dollar bill.

 

Except that there is no mechanism which will drain from it economic value via printing, as the Government holds the power to do to you.

 

 

 

If this goes as I hope it will, the only time I'll feel compelled to do such a thing is if I need the liquidity of the current fiat currency for a transaction that cannot happen with cryptocurrency. That's possible - if this market explodes rapidly, and I want to 'cash out' and am required to use the convertibility of the USD as a 'middleman'.

 

But hopefully not.

 

 

If I predict this correctly, the value as expressed in a chart will look like the first half of a Bell Curve, and the second half will simply continue to expand at the rate of economic growth.

 

But that's only when considering cryptocurrencies as a group. Within the cryptos themselves, some graphs are going to be steeper/more wealth producing than others.

 

The trick is to figure out which ones have staying power. I believe that people are investing in ETH for different reasons than they are, for instance, investing in LTC. I think what powers LTC's growth right now is the dual purpose of diversifying holdings in cryptos (risk aversion), as well as a conscious FOMO regarding the prior massive run of BTC.

 

I think ETH investors have a little of that as well, but what really prompts the savvy investor in ETH is the realization that block chain algorithms can play a role far more expansive than merely as a unit of currency exchange.

 

For that reason, I believe that ETH's chart is going to - long term - look meteoric in comparison to the others. '90's can chime in on this, but that's my overall feeling on the topic.

 

no, i understand more than you think I do, as a few of those questions were a bit rhetorical. Yes, people invest in world currencies as speculation relative to one another but I dont buy dollar bills and hold on to them physically in hopes that 5 years from now they will be worth 50% more dollar bills. I buy shares of companies that produce goods and services with the hope that the value of those shares go up and I can sell my shares for more dollar bills than i bought them for.

 

hence my question..... is your investment in CC's an investment where you care about your returns? or is it an investment where you care about getting as many CC's as you can for the pending switch to CC's as our worlds main or possibly only form of payment?

 

If its the latter, then you guys shouldn't really ever reference % gains

 

but it seems like a lot of the time, that is the agenda.

 

have you already converted most or all of your liquid assets into crypto currencies so you're prepared?

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personally, while bitcoin, ethereum, litecoin etc might be very nice investments, I do not see CC's ever replacing government issued currency. Acting as an alternative form of payment? sure, but not completely replacing. Even if they do replace current currencies, they will be regulated and ultimately just be another variation of what we currently have. Don't think they will be regulated? good luck with that.

 

There will only be one form of legitimate regulation: punishing scams around cryptos. The remainder is futile; the entire point of cryptos is to hide them from control and manipulation.

 

It's like saying "don't think your passwords are going to be regulated? Good luck with that."

 

What I see is a possible attempt to ban their use completely. That would be exactly what those desperate to retain their grip on economic control over each of us would likely try to do.

 

Of course, good luck with that attempt as well.

 

What is happening now is that everyone and their brother - scam artists/etc - are going to try to 'create' a new cryptocurrency - and that's why I'm not investing in all of them haphazardly.

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Haha.. nothing personally against him... just hard to not be suspect for somebody touting Whamo!... ultra rich.

 

But.. yup to each his own.

 

I told you not to panic sell and I also told you you would be regretting it in a few months and you are. Seriously who wouldn't regret losing 30k in what 3 months?

 

You are really going to be kicking yourself when that initial investment is worth upwards of 200k in a few years.

 

:banana:

 

How much Ether did you have again? Like 40-50 of them right? Damn. :shocking:

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no, i understand more than you think I do, as a few of those questions were a bit rhetorical. Yes, people invest in world currencies as speculation relative to one another but I dont buy dollar bills and hold on to them physically in hopes that 5 years from now they will be worth 50% more dollar bills. I buy shares of companies that produce goods and services with the hope that the value of those shares go up and I can sell my shares for more dollar bills than i bought them for.

 

hence my question..... is your investment in CC's an investment where you care about your returns? or is it an investment where you care about getting as many CC's as you can for the pending switch to CC's as our worlds main or possibly only form of payment?

 

If its the latter, then you guys shouldn't really ever reference % gains

 

but it seems like a lot of the time, that is the agenda.

 

There are going to be different phases of investment in this. What you're doing is attempting to equate currency trading with like-kind currencies; each dissimilar only to the degree that the respective entities backing them are liquid and credit-worthy.

 

This is different. This is like equating IBM with Apple before Apple made a substantial splash - and that's not even an adequate analogy.

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Alright geeze...

 

Here's an example:

 

Annual Salary: $70,000

401k: 5% Contributed

Annual Salary Increase: 1%

Current Age: 25

Age of Retirement: 55

Current 401k bal: $0

 

Employeer Match: 100%

Employeer Match Ends: 5%

 

Annual Rate of Return: 9%

 

Ending balance @ 55: $1,093,581

 

See... almost anyone can do it if you have a decent professional job. (No Snark)

It made sense before, the post you quoted was just snark. My life is very empty without message board snark aimed at those Im jealous of.

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I told you not to panic sell and I also told you you would be regretting it in a few months and you are. Seriously who wouldn't regret losing 30k in what 3 months?

 

You are really going to be kicking yourself when that initial investment is worth upwards of 200k in a few years.

 

:banana:

 

How much Ether did you have again? Like 40-50 of them right? Damn. :shocking:

Haha.. no.. I had like 7 of them. I didn't panic over a few thousand dollars man. It felt a bit to much like unregulated gambling. I personally don't like that feeling. No regerts... I guess I can feel just as bad and beat myself up because I cashed out a lil ahead, rather than bet red the next spin? Naw.. I'm good. Nothing lost...

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There are going to be different phases of investment in this. What you're doing is attempting to equate currency trading with like-kind currencies; each dissimilar only to the degree that the respective entities backing them are liquid and credit-worthy.

 

This is different. This is like equating IBM with Apple before Apple made a substantial splash - and that's not even an adequate analogy.

 

i was not comparing currency trading to CC's by the way. I was just saying people invest in foreign currencies for example, in hopes that they gain or lose value relative to the USD. But now that you mention it, thats more or less what CC investing is right now.... unless... as i've said several times already, you and 90sbaby and whoever else is championing the CC movement are literally investing in CC's with only an intention to hold onto them for what you believe is an inevitable move to CC's as our only form of payment. In which case, you're not really gaining anything. You're simply converting to CC's before everyone else does and hoping that they stay limited in their amounts so that you've gained an advantage over others...

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Yeah. Just set all that up. Verified the charges to my account. Jumped through 4-5 different verification hoops. They show my weekly purchase limit starting at $400. I enter buy $350 ETH Nothing. Wont let me click the buy button either on the app or their web site.

 

This better get much easier or Im out before I get started.

Weekly purchase limit went to $750. Finally got the ETH purchase made for that amount. Im in. For now.

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This is different. This is like equating IBM with Apple before Apple made a substantial splash - and that's not even an adequate analogy.

 

probably not considering Apple is a company that people invested in and continue to invest in with the idea that their products and company direction will result in the USD value of those shares going up and being worth more than they originally paid. Investing in Apple or any other company always has and endgame notion of selling for a profit.

 

but you've already stated that this isn't the case the CC's. They will be the new and only form of currency. One day people will be buying shares of Apple with bitcoin or ether in hopes that those shares of Apple go up and they now have more bitcoin or ether as a result. -_-

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It made sense before, the post you quoted was just snark. My life is very empty without message board snark aimed at those Im jealous of.

Haha.. I get you. Just snag a job with a 401k.. match the sh!t out of it... wait it out.

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Okay, you have no interest in cryptos and are only coming into the thread to talk about how you aren't going to buy them so. So just go away and let us make money, no need for all your negativity.

 

---

 

Also as far as what sites I use.

 

I usually buy mine on Coinbase and immediately move them to Poloniex.com if I keep them online or they are in cold storage. I like Poloniex because what you have on your Polo account they only keep enough online for active trading. All the rest are in an offline storage in their storage facility. As far as security goes they are as good as it is going to get. They are also US based.

I'll post wherever I please, thanks. This is a place fro discussion right? Does that include differing opinions?

 

If I weren't interested I wouldn't have read the thread (or posted in it) though.

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I am tired of his as-a-matter-a-fact attitude with everything. He always thinks he is the enlightened one. I heard doctors commonly get a God complex, must be true. Also his understanding of blockchain is limited at best. It seems like he watched a TED Talk and thinks he is an expert all of a sudden.

 

 

Nothing is on me. It is way up, they can sell now and call it quits. If they stay in any longer at this point it is 100% on them. All I did was open the door for them. Any adult would recognize that. You shut yours early and thats why you are missing out on all these gains now.

I never said I was an expert in cc. Are you?

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Theres cops and there's people in law enforcement. There is a difference. A cop would never say he's in law enforcement. A cop just says he's a cop.

:lol: Whatever that means.

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90s, what's your thoughts on LTC?

I own Litecoin. China has really embraced Litecoin and Ant. No reason Litecoin shouldnt be in the 200-400 range here soon.

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I own Litecoin. China has really embraced Litecoin and Ant. No reason Litecoin shouldnt be in the 200-400 range here soon.

 

It's much more profitable to mine than Bitcoin or Ethereum too. The hash is easier, and can be mined 4x as fast.

 

90's. Do you mine, or just invest?

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That actually makes more sense to me. It was the dudes selling mining picks and gold pans to the 49'ers that made a killing.

Yep, especially since many of the "ignorant" ones reluctant to join the fray are largely worried about security of the market. The guys who are 10000% certain concerning the underlying technologies unhackability should offer it to the nervous nellies of the world, who will never be tech savvy enough to understand the impossibility of cc failing.

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It's much more profitable to mine than Bitcoin or Ethereum too. The hash is easier, and can be mined 4x as fast.

 

90's. Do you mine, or just invest?

I invest but I have a few trade bots running as well.

 

I was going to mine but never got around to it. I want to mine IOTA or EOS. I heard those guys were killing it.

 

Did you buy a pre-build or make your own? If you made your own care to share your parts list with me in PM? :)

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They all call themselves "LEO's" in my experience. :shrug:

Nah. A cop just says he's a cop. The rest say LEO.

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What do you think the timeline is for cc replacing fiat currency in the US?

Not sure. Why dont you tell me though, Im sure you have an opinion on it.

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I invest but I have a few trade bots running as well.

 

I was going to mine but never got around to it. I want to mine IOTA or EOS. I heard those guys were killing it.

 

Did you buy a pre-build or make your own? If you made your own care to share your parts list with me in PM? :)

Care to explain mining in terms that I can understand?

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Care to explain mining in terms that I can understand?

I dont know to much about it other than the basics and have never done it myself. I can give you a couple of sources that I trust though if you want.

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Not sure. Why dont you tell me though, Im sure you have an opinion on it.

Baby steps, thats asking a lot. He needs to start with using a cell phone from the last 10 years. He is qualified to give detailed medical advice but cant download angry birds apparently.

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I invest but I have a few trade bots running as well.

 

I was going to mine but never got around to it. I want to mine IOTA or EOS. I heard those guys were killing it.

 

Did you buy a pre-build or make your own? If you made your own care to share your parts list with me in PM? :)

 

They're pre-built. I don't even know all of the details tbh. My BIL has just been doing pretty well with it, and guaranteed I'd see my 5g back in under a year, or he'd buy the rigs back off me. Figured it was a small investment, with no risk, so why not give it a shot.

 

I'm definitely going to be paying closer attention to this thread now though. Unlike most people, I understand the technical part of crypto-currency and block-chains, but not much about the financial part. :)

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Care to explain mining in terms that I can understand?

Ive been trying to look into it as well. The best resource for anything and everything is Reddit. There are multiple subreddits on all of this. R/ethereum, r/ethtrader, anything and everything. They usually have detailed beginner guides and explanations. Just search ethereum mining in Reddit and an appropriate sub should come up.

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Care to explain mining in terms that I can understand?

 

doing the math that adds the actual transactions to the ledger. only one miner can solve each equation, so the more processor power (or joining a network of other processors and splitting the work/reward) equals more $$$.

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Ive been trying to look into it as well. The best resource for anything and everything is Reddit. There are multiple subreddits on all of this. R/ethereum, r/ethtrader, anything and everything. They usually have detailed beginner guides and explanations. Just search ethereum mining in Reddit and an appropriate sub should come up.

Reddit is great but dont follow the bitcoin or btc Reddit. I forgot which one but basically there is an entire conspiracy going on with it. Essentially one guy controls that entire Reddit and one of the bigger bitcoin websites and is known for suppressing information. You guys should look it up its actually a really interesting story.

 

There is also some phantom investor named Spoofy you all should look that up to.

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Baby steps, thats asking a lot. He needs to start with using a cell phone from the last 10 years. He is qualified to give detailed medical advice but cant download angry birds apparently.

😂😂

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Reddit is great but dont follow the bitcoin or btc Reddit. I forgot which one but basically there is an entire conspiracy going on with it. Essentially one guy controls that entire Reddit and one of the bigger bitcoin websites and is known for suppressing information. You guys should look it up its actually a really interesting story.

Yeah this whole crypto currency thing doesnt sound shady at all :lol:

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