Cryptocurrency

[vuduchile 1,945]

 

Sweet vudu, it is saying I have a referral friend!

 

It gave me .00000079 BTC, which is currently about $.01.

A penny saved...

[RaiderHaters Revenge 4,348]

Gonna get some iota here soon should we pay it forward or all sign up under mookz referral?

[Mookz 1,346]

90s said he'd use mine, so I'm good after that if you guys wanna pay it forward.

 

Actually once 90s signs up everyone should probably use his as a token of appreciation for the thread.

[titans&bucs&bearsohmy! 2,745]

Not trying to be a downer...

 

https://www.cnbc.com/2017/12/07/bitcoin-has-gone-beyond-the-absurdity-of-tulip-bulb-mania-dennis-gartman.html

 

Anyone concerned at all? I mean even in china, EVERYONE AND THEIR BROTHER is throwing money at crypto currency now.

 

Anyone thinking about selling? At least until the current craze passes?

 

Im not saying that the whole thing is a hoax or anything, but it certainly seems a big correction is coming at the least.

[tanatastic 2,062]

So binance doesnt accept regular forms of payment like CC, bank account etc? I assume I can somehow generate a token from coinbase to use other climbs to deposit on binance.

[Frozenbeernuts 2,264]

Not trying to be a downer...

 

https://www.cnbc.com/2017/12/07/bitcoin-has-gone-beyond-the-absurdity-of-tulip-bulb-mania-dennis-gartman.html

 

Anyone concerned at all? I mean even in china, EVERYONE AND THEIR BROTHER is throwing money at crypto currency now.

 

Anyone thinking about selling? At least until the current craze passes?

 

Im not saying that the whole thing is a hoax or anything, but it certainly seems a big correction is coming at the least.

It does concern me a bit. If everyone and their mom invests, what happens when the average trader, most people, just let their money sit?

 

Still, it's not going away. There will only ever be 21 million bitcoin, and that doesn't include the coins that have been lost.

[titans&bucs&bearsohmy! 2,745]

It does concern me a bit. If everyone and their mom invests, what happens when the average trader, most people, just let their money sit?

 

Still, it's not going away. There will only ever be 21 million bitcoin, and that doesn't include the coins that have been lost.

 

 

I agree that crypto currency isn't going away, its merely a question of, where will its value settle long term, and which ones will survive long term?

 

I kind of look at it like the early days of the .com boom. We all knew the internet was here to stay. Some bought google won big. Some bought aol and netspace and didn't.

 

I mean clearly bitcoin in particular is not going to just cease to exist. But at some point, you got to figure it will more or less settle into a range like every other currency. At what price point will that be? At some point, the furor over it is going to drive the price well beyond its real value. Where is that point? Have we already reached it?

 

I sure as fock don't have a clue of course. Just asking.

[IMMensaMind 462]

A boy asked his bitcoin-investing father for 1 bitcoin for his birthday.

 

Dad: What? $15,554?? $14,354 is a lot of money! What do you need $16,782 for anyway?

 

[Gladiators 1,987]

A boy asked his bitcoin-investing father for 1 bitcoin for his birthday.

 

Dad: What? $15,554?? $14,354 is a lot of money! What do you need $16,782 for anyway?

 

 

[edjr 6,580]

Brought the fam away this weekend to do some family things.

 

Sitting in a hotel bar/lobby and we were waiting for food.

 

Was a group of maybe 8 kids in the service. All shaved heads in the back, little hair on top, all white.

 

One of them starts talking about cryptocurrency and an older guy, 35ish, starts asking him questions, asks the kid how old he is, he says 21

 

90s baby, where you in MA this weekend?

[nobody 2,671]

Not trying to be a downer...

 

https://www.cnbc.com/2017/12/07/bitcoin-has-gone-beyond-the-absurdity-of-tulip-bulb-mania-dennis-gartman.html

 

Anyone concerned at all? I mean even in china, EVERYONE AND THEIR BROTHER is throwing money at crypto currency now.

 

Anyone thinking about selling? At least until the current craze passes?

 

Im not saying that the whole thing is a hoax or anything, but it certainly seems a big correction is coming at the least.

There are 10 of those a day. Notice what all of them seem to lack? Concrete reasons why bitcoin shouldnt be valued this high.

[iam90sbaby 2,610]

Brought the fam away this weekend to do some family things.

 

Sitting in a hotel bar/lobby and we were waiting for food.

 

Was a group of maybe 8 kids in the service. All shaved heads in the back, little hair on top, all white.

 

One of them starts talking about cryptocurrency and an older guy, 35ish, starts asking him questions, asks the kid how old he is, he says 21

 

90s baby, where you in MA this weekend?

 

[iam90sbaby 2,610]

90s said he'd use mine, so I'm good after that if you guys wanna pay it forward.

 

Actually once 90s signs up everyone should probably use his as a token of appreciation for the thread.

 

You found it its all you! I was about to buy IOTA on some really shady website so good find.

[titans&bucs&bearsohmy! 2,745]

There are 10 of those a day. Notice what all of them seem to lack? Concrete reasons why bitcoin shouldnt be valued this high.

 

I guess what I don't understand is, what exactly are you valuing?

 

I understand how a stock is valued. Corporate assets, expectations of future earnings, etc.

 

A standard currency is a bit more amorphous, but is generally is based on the economic production of the economy of the issuing government.

 

But crypto currency? What is there? What supports it? What IS it? I mean people can create it in their living room from what I understand.

 

I'm seriously not trying to be a hater here. I freely admit I know next to nothing about it, and am open to education on the matter.

[penultimatestraw 473]

I guess what I don't understand is, what exactly are you valuing?

 

I understand how a stock is valued. Corporate assets, expectations of future earnings, etc.

 

A standard currency is a bit more amorphous, but is generally is based on the economic production of the economy of the issuing government.

 

But crypto currency? What is there? What supports it? What IS it? I mean people can create it in their living room from what I understand.

 

I'm seriously not trying to be a hater here. I freely admit I know next to nothing about it, and am open to education on the matter.

I’m with you. I understand why block chain is useful, and really like the idea of screwing over banks, but don’t understand how something so volatile can serve as a currency for long. I also think most investors don’t really understand much about it, and are just chasing what they believe is a quick $.

 

Iam90s has linked some good articles and videos in this thread explaining the basics though.

[vuduchile 1,945]

 

I guess what I don't understand is, what exactly are you valuing?

 

I understand how a stock is valued. Corporate assets, expectations of future earnings, etc.

 

A standard currency is a bit more amorphous, but is generally is based on the economic production of the economy of the issuing government.

 

But crypto currency? What is there? What supports it? What IS it? I mean people can create it in their living room from what I understand.

 

I'm seriously not trying to be a hater here. I freely admit I know next to nothing about it, and am open to education on the matter.

All good questions that arent easily answerable.

 

For me, its like this: Ive never been in on anything early that has panned out.

 

I had stock options in 2 dotcom companies that eventually went bust. I was 2 years late to the party at Home Depot and 4 years late at Nike to make any real money on their options.

 

I didnt invest in google, Apple or Amazon back when they were emerging because I didnt understand or didnt strongly believe in them.

 

My aunt has been a cashier at WalMart since 1980. She told me to buy their stock back then, but I didnt. Guess which one of us is the millionaire?

 

Crytpos may or may not be the next big thing. Either way, Im not sitting this one out. Im already kicking myself for not taking the plunge back in May.

 

LTC for example is up 199% in just the last month. Where else are you gonna find those types of returns?

[fandandy 3,313]

My liquor delivery just came and the driver handed me a copy of the holiday schedule as he left. I just looked at it and someone had handwritten Ethereum on it like it was scratch pad.

 

Your secret's out fellas.

[edjr 6,580]

[fandandy 3,313]

Those dude's were pretty smart. I recently read something on RT talking about how some of the BRICS countries might either create or use a current block chain currency for oil to try and fock the petro dollar.

 

Interesting times we live in.

[mobb_deep 920]

 

I have a couple Trezors that I keep in a safe. I like them, would recommend.

 

Snagged one. Thanks man!

[tanatastic 2,062]

All good questions that arent easily answerable.

For me, its like this: Ive never been in on anything early that has panned out.

LTC for example is up 199% in just the last month. Where else are you gonna find those types of returns?

Exactly. People always say if your stock goes up 10% in a year, throw a party. These things go up thousands % in a year and this is the ground floor.

[edjr 6,580]

Exactly. People always say if your stock goes up 10% in a year, throw a party. These things go up thousands % in a year and this is the ground floor.

 

difference is, I have 150K+ in my various fidelity accounts, I have 3,400 in CC

[tanatastic 2,062]

I have 150K+,

Kewl

[Drizzay 719]

I placed my first order of LTC on coinbase the other day (small amount). Just waiting for that to go through so I can transfer it to binance and buy some IOTA.

[edjr 6,580]

Kewl

 

in 401 accounts, isn't that cool.

 

I maybe have 22 k in savings and checking. doesn't even have me in the top 50% of geeks

[IMMensaMind 462]

Those dude's were pretty smart. I recently read something on RT talking about how some of the BRICS countries might either create or use a current block chain currency for oil to try and fock the petro dollar.

 

Interesting times we live in.

That's already happening. CCs already fock the dollar, and petrodollar with it.

 

I'm 100% sure that the FED is going to build their own cryptodollar for that reason, but that's the trouble: their cryptodollar will be no more compelling than their present dollar.

 

All that Government is going to be able to do is create a massive black market - big enough to rival the rest of the market.

[iam90sbaby 2,610]

Geek Club getting rich!

[tanatastic 2,062]

I placed my first order of LTC on coinbase the other day (small amount). Just waiting for that to go through so I can transfer it to binance and buy some IOTA.

I’m currently trying to figure out how to do this. Have a binance account set up already and LTC in coinbase.

[iam90sbaby 2,610]

I’m currently trying to figure out how to do this. Have a binance account set up already and LTC in coinbase.

 

Transfer the crypto to your Binance account and then buy IOTA with BTC.

[tanatastic 2,062]

Transfer the crypto to your Binance account and then buy IOTA with BTC.

Got it, sending ETH and gonna buy IOTA with some ETH.

[iam90sbaby 2,610]

Got it, sending ETH and gonna buy IOTA with some ETH.

 

That works too.

[Reality 3,121]

LTC... How you doin'

[IMMensaMind 462]

LTC... How you doin'

When I first invested, 60% of my investment was in ETH; 40% in LTC. Now, 60% of my investment is LTC, and 40% in ETH. That's how much LTC has outpaced ETH.

 

Still as bullish as ever on ETH though. Interested in IOTA now, if only because of who else is interested in it.

[Scary Gary 19]

So what problem is bitcoin going to solve?

What if all of the "bitcoins" in the world disappeared tomorrow?

Like, what does it do?

I know what cash (or money based on cash) does.

I know what oil does.

I know if they were removed from society today, tomorrow would be chaos.

What about bitcoin?

[Scary Gary 19]

.

[WhiteWonder 2,734]

Gemini.com has cheaper fees

 

one of the things that pisses me off / makes me skeptical about all of this is the amount of places to buy coins is seemingly never ending. I understand there are tons of ways to buy stock but first, it was coinbase. Now coinbase isn't as good as gemini.com. Gemini doesnt seem to offer LTC?....

 

Then we had the low post person who is clearly someones alias saying that GDAX was the way to go... even though when you link a bank account to GDAX, it still ends up being coinbase that verifies everything.

 

bitfinex

shapeshift

binance

 

can't this just be boiled down to 2? one best place to buy BTC/ETH/LTC and then one best place to transfer one of the big 3 to buy IOTA, etc?

[tanatastic 2,062]

one of the things that pisses me off / makes me skeptical about all of this is the amount of places to buy coins is seemingly never ending. I understand there are tons of ways to buy stock but first, it was coinbase. Now coinbase isn't as good as gemini.com. Then we had the low post person who is clearly someones alias saying that GDax was the way to go... even though when you link a bank account to GDAX, it still ends up being coinbase that verifies everything.

 

bitfinex

shapeshift

 

can't this just be boiled down to 2? one best place to buy BTC/ETH/LTC and then one best place to transfer one of the big 3 to buy IOTA, etc?

Coinbase and binance are those two for me, but I agree it’s a bit silly. You have to expect it though since this is getting popular and the sites are making the money off of the transaction fees.

[Scary Gary 19]

So what problem is bitcoin going to solve?

What if all of the "bitcoins" in the world disappeared tomorrow?

 

Like, what does it do?

 

I know what cash (or money based on cash) does.

 

I know what oil does.

I know if they were removed from society today, tomorrow would be chaos.

What about bitcoin?

 

 

 

Isn't Bitcoin's price based on pure speculation? – one fool’s bet that a greater fool will be willing to buy that Bitcoin for more than the first fool paid for it.

How long can the speculation market go until it falls back to its intrinsic value?

[Big Guy 1,412]

just my 2 cents

 

Evidence points to Bitcoin being an NSA-engineered psyop to roll out one-world digital currency

 

https://www.naturalnews.com/2017-12-10-evidence-points-to-bitcoin-being-an-nsa-psyop-roll-out-one-world-digital-currency.html

[Scary Gary 19]

 

 

 

Isn't Bitcoin's price based on pure speculation? – one fool’s bet that a greater fool will be willing to buy that Bitcoin for more than the first fool paid for it.

How long can the speculation market go until it falls back to its intrinsic value?

 

 

Bitcoin is backed by nothing.

 

There is a new crypto currency coming out in January...it will be backed by oil. One Oilcoin, will be worth 1 barrel of oil. This is something I can see myself putting some money into. Bitcoin was scary for me at $5000 and is scarier now. Its backed by nothing. That's the problem.