nobody 2,066 Posted April 18, 2021 I have to give you diamond hands credit. Dogecoin is somewhere around 1000x overvalued. Once I saw that move last week, I'd have sold every bit of crypto I own. Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 18, 2021 17 minutes ago, nobody said: I have to give you diamond hands credit. Dogecoin is somewhere around 1000x overvalued. Once I saw that move last week, I'd have sold every bit of crypto I own. I own like 2 doge coins and that's only because of the way binance does their referals. That being said I hate doge and think of doge the same way no coiners think of bitcoin. It's silly and not worth anything. But I have to give people credit. They pumped it. I just wish they put that money in bitcoin, etherium, or even monero. Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 19, 2021 https://www.google.com/amp/s/www.cnbc.com/amp/2021/04/19/china-calls-bitcoin-an-investment-alternative-marking-shift-in-tone.html BOAO, China — China's central bank is now calling bitcoin an "investment alternative" — marking a significant shift in Beijing's tone after a crackdown on cryptocurrency issuance and trading nearly four years ago. Industry insiders called the comments "progressive" and are watching closely for any regulatory changes made by the People's Bank of China (PBOC). Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 19, 2021 China knows the danger of not embracing bitcoin. Remember when newbie said that people got screwed investing in bitcoin at 20k a coin? I wouldn't take advice from someone who thinks a 3x investment in 3 years is a bad thing. Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 19, 2021 On 4/17/2021 at 8:15 PM, Cdub100 said: I own like 2 doge coins and that's only because of the way binance does their referals. That being said I hate doge and think of doge the same way no coiners think of bitcoin. It's silly and not worth anything. But I have to give people credit. They pumped it. I just wish they put that money in bitcoin, etherium, or even monero. Thats part of the equation that's yet to come. When coins start to fall off, a lot of that $1T alt market will rotate into btc Share this post Link to post Share on other sites
Mike Isles 583 Posted April 19, 2021 Whoa. $0.40 Otherside of the world did its part last night. Share this post Link to post Share on other sites
Mrs. Voltaire 46 Posted April 19, 2021 On 4/17/2021 at 9:15 PM, Cdub100 said: It's silly and not worth anything. Tell that to those of us that have increased their net worth by 1000. Deny all you want, we're going to the moon. Share this post Link to post Share on other sites
Mrs. Voltaire 46 Posted April 19, 2021 3 hours ago, Frozenbeernuts said: Thats part of the equation that's yet to come. When coins start to fall off, a lot of that $1T alt market will rotate into btc Why is doge sh!t, but btc is awesome? Share this post Link to post Share on other sites
easilyscan 563 Posted April 19, 2021 I'm considering putting a small % of cash that's earning next to nothing in bitcoin today. Was hoping to buy fractional shares of bitcoin, which is trading around $55,000.00 today. Retail brokerage customers cannot buy or sell any cryptocurrencies at Fidelity. Did a little bit of research and found the following available for trade. BCHG GRAYSCALE BITCOIN CASH TRUST (BCH) 30.27Down -3.01 (-9.044471 %) Anyone familiar with this one ? good/bad ? Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 19, 2021 4 hours ago, easilyscan said: I'm considering putting a small % of cash that's earning next to nothing in bitcoin today. Was hoping to buy fractional shares of bitcoin, which is trading around $55,000.00 today. Retail brokerage customers cannot buy or sell any cryptocurrencies at Fidelity. Did a little bit of research and found the following available for trade. BCHG GRAYSCALE BITCOIN CASH TRUST (BCH) 30.27Down -3.01 (-9.044471 %) Anyone familiar with this one ? good/bad ? Just so you know you're investing into a company who buys bitcoin cash. Just so you know bitcoim cash is NOT bitcoin. It's different. If you want to get into BCH and don't want to buy the token yourself than yeah that's a fine stock. I would recommend you check out some of their other trusts they offer. Although I think bitcoin and eth are closed right now. If you want exposure to crypto you could also buy microstrategys. They keep a large amount of their treasury in bitcoin. You could also buy COIN which is coinbase ticker symbol. They are one of the largest crypto exchanges in the world. Share this post Link to post Share on other sites
easilyscan 563 Posted April 20, 2021 17 hours ago, Cdub100 said: Just so you know you're investing into a company who buys bitcoin cash. Just so you know bitcoim cash is NOT bitcoin. It's different. If you want to get into BCH and don't want to buy the token yourself than yeah that's a fine stock. I would recommend you check out some of their other trusts they offer. Although I think bitcoin and eth are closed right now. If you want exposure to crypto you could also buy microstrategys. They keep a large amount of their treasury in bitcoin. You could also buy COIN which is coinbase ticker symbol. They are one of the largest crypto exchanges in the world. Thanks for the reply/info. Someone @ another forum also told me that I'm not actually investing in bitcoin. I bought 100 shares yesterday. My fault for not doing enough research. I'll consider MSTR. I owned that stock many years ago. Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 20, 2021 2 minutes ago, easilyscan said: Thanks for the reply/info. Someone @ another forum also told me that I'm not actually investing in bitcoin. I bought 100 shares yesterday. My fault for not doing enough research. I'll consider MSTR. I owned that stock many years ago. Bitcoin Cash is still good to own and has had a great run-up. Share this post Link to post Share on other sites
tanatastic 2,061 Posted April 20, 2021 My last offer, PayPal me 200$ and I will sell my shares of coinbase, causing the price to jump up. That gets me back to even. Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 20, 2021 29 minutes ago, tanatastic said: My last offer, PayPal me 200$ and I will sell my shares of coinbase, causing the price to jump up. That gets me back to even. I'll send you 1 doge. Share this post Link to post Share on other sites
edjr 5,602 Posted April 23, 2021 18 minutes ago, GutterBoy said: BUY BUY BUY Welcome back Share this post Link to post Share on other sites
GutterBoy 2,281 Posted April 23, 2021 Just now, edjr said: Welcome back Thanks. I got out of my timeout. I'll need to be nicer to people to avoid any future punishment. Share this post Link to post Share on other sites
edjr 5,602 Posted April 23, 2021 Just now, GutterBoy said: Thanks. I got out of my timeout. I'll need to be nicer to people to avoid any future punishment. It's not easy to be nice to people around here. Share this post Link to post Share on other sites
tubby_mcgee 691 Posted April 26, 2021 Here's someone's opinion... https://fortune.com/2021/04/25/bitcoin-btc-value-drop-use-case-currency-digital-gold/ And I know... I know ... The article is all wrong. The author is a dipshit and nothing he says has any merit. One quote from article: De Vries adds that Bitcoin performs poorly at the checkout counter. If you were to buy $100 in groceries using Bitcoin, it may take an hour to receive adequate confirmation. During that period, the store is at risk for any change in the price. "The price of Bitcoin could drop 10% in that hour, causing a loss for the retailer," says de Vries. "And the customer is paying the processing fee of $20 or even more." His conclusion: Unless you're using it to buy something with a luxury price tag, like a digital NFT artwork or a Tesla SUV, paying with Bitcoin is "hellishly expensive, and an extremely unfriendly user experience." Share this post Link to post Share on other sites
tubby_mcgee 691 Posted April 26, 2021 On 4/19/2021 at 7:06 AM, Mrs. Voltaire said: Tell that to those of us that have increased their net worth by 1000. Deny all you want, we're going to the moon. A poker game is also a viable source to increase your net worth quickly also, right ? Share this post Link to post Share on other sites
edjr 5,602 Posted April 26, 2021 1 hour ago, tubby_mcgee said: A poker game is also a viable source to increase your net worth quickly also, right ? scratch tickets are better Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 26, 2021 Price back above 53k. I bought more at 49k. The pattern really isn't that hard to follow once you buy into bitcoin being a major part of the future 1 Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 26, 2021 13 hours ago, tubby_mcgee said: Here's someone's opinion... https://fortune.com/2021/04/25/bitcoin-btc-value-drop-use-case-currency-digital-gold/ And I know... I know ... The article is all wrong. The author is a dipshit and nothing he says has any merit. One quote from article: De Vries adds that Bitcoin performs poorly at the checkout counter. If you were to buy $100 in groceries using Bitcoin, it may take an hour to receive adequate confirmation. During that period, the store is at risk for any change in the price. "The price of Bitcoin could drop 10% in that hour, causing a loss for the retailer," says de Vries. "And the customer is paying the processing fee of $20 or even more." His conclusion: Unless you're using it to buy something with a luxury price tag, like a digital NFT artwork or a Tesla SUV, paying with Bitcoin is "hellishly expensive, and an extremely unfriendly user experience." I couldn't read the whole thing due to pay ban. Bitcoin isn't a currency. Anyone who has spent more than 5 minutes in this field will tell you that. His groceries example isn't very good either. Checks do not clear immediately. Credit doesn't either, because the risk is moved from the store to the bank. He talked about the crash last year when literally every single thing dropped. I'm not sure how that's bitcoins fault. Again anyone who's looked at a chart can see when there are black swans or major drops in the market everything is affected. As for user experience yeah I can see that. It's still early. The internet wasn't very user-friendly at first either, but it got better. Right now buying bitcoin has become easier with paypal, square, etc... I can see apply and goolge making crypto wallets native to their eco system in the future. You know what bitcoin does better than the current system? I can send bitcoin (or any crypto for that matter) to the other side of the world and it would clear faster than anything the banks can do. The fact that bitcoin has grown 200% year over year is a testament to its store of value and wealth creation. Bitcoin is digital gold. It does everything gold does finically but better. The author doesn't need to like bitcoin, but he's probably one of the last people on earth to think this way. Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 26, 2021 6 hours ago, Frozenbeernuts said: Price back above 53k. I bought more at 49k. The pattern really isn't that hard to follow once you buy into bitcoin being a major part of the future Same I bought at 51k and more at 50.1k 1 Share this post Link to post Share on other sites
tubby_mcgee 691 Posted April 27, 2021 So can the entire population make money with bitcoin? If 100% of the folks on earth bought bitcoin...we'd all make money, right? Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 15 minutes ago, tubby_mcgee said: So can the entire population make money with bitcoin? If 100% of the folks on earth bought bitcoin...we'd all make money, right? Huh? Share this post Link to post Share on other sites
tubby_mcgee 691 Posted April 27, 2021 2 minutes ago, Cdub100 said: Huh? Can everyone make money ? You made money but buying Bitcoin. Can everyone in the USA or the world ..make some money by buying Bitcoin? Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 4 minutes ago, tubby_mcgee said: Can everyone make money ? You made money but buying Bitcoin. Can everyone in the USA or the world ..make some money by buying Bitcoin? Every time bitcoin hits a new all-time high 99.99% of people who bought actual bitcoin are in profit. So in general, yes. Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 27, 2021 1 hour ago, tubby_mcgee said: Can everyone make money ? You made money but buying Bitcoin. Can everyone in the USA or the world ..make some money by buying Bitcoin? Of course. People can buy and sell at different times. If 100% of the population bought a stock would they all make money? Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 27, 2021 The old way of banking and fiat currency controlled by the government is completely out of date. We need a new system to keep up with the times. Bitcoin will offer another option. It will not replace fiat completely, which its not trying to do. It will make a lot of areas more efficient Certain parts of lending will become much easier, smoother and more efficient. Transferring money across the globe. The old way is extremely antiquated and filled with issues, including western union taking a 10% cut right off the top. Plus people who hold bitcoin do not have to worry about the government inflating the value whenever they feel like it. Bitcoin actually sounds more like a republican type of currency where the government is hands off and the market decides price. Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 27, 2021 I hear the arguments made for gold. Seriously, fock gold. You can't go out and just buy a bunch of gold. Its also not easy to transport around. Plus you can't just chip off little chunks to pay people with. Its inefficient as a payment system because you can't use it as payment. How many people globally have access to gold? Very few. How many people have access to bitcoin? Anyone with an internet connection. That sounds like a much better store of value, especially since it's being adopted more and more every day. Share this post Link to post Share on other sites
nobody 2,066 Posted April 27, 2021 Speaking of fees. Aren't the fees to buy crypto pretty ridiculous? Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 3 minutes ago, nobody said: Speaking of fees. Aren't the fees to buy crypto pretty ridiculous? Depends on the platform. But what I think you're actually talking about is the ethereum gas fees. Share this post Link to post Share on other sites
tubby_mcgee 691 Posted April 27, 2021 46 minutes ago, Frozenbeernuts said: If 100% of the population bought a stock would they all make money? Yes. Many stocks will pay you per share, a portion of the profit the company makes. And that is NOT true with Bitcoin. I'm not aware of any profit sharing with Bitcoin Corporation. The ONLY money made, is by by people already "in" when they sell to someone else "coming in." What you're saying is like saying 5 others came to my house to play poker. All 6 of us threw in $50 and we all walked out with $75 each. Share this post Link to post Share on other sites
Hawkeye21 1,874 Posted April 27, 2021 1 hour ago, Frozenbeernuts said: I hear the arguments made for gold. Seriously, fock gold. You can't go out and just buy a bunch of gold. Its also not easy to transport around. Plus you can't just chip off little chunks to pay people with. Its inefficient as a payment system because you can't use it as payment. How many people globally have access to gold? Very few. How many people have access to bitcoin? Anyone with an internet connection. That sounds like a much better store of value, especially since it's being adopted more and more every day. Gold can be melted down into smaller amounts though. Regardless of that, crypto has a better future. Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 15 minutes ago, Hawkeye21 said: Gold can be melted down into smaller amounts though. Regardless of that, crypto has a better future. A Satoshi is a one hundred millionth of a bitcoin. Not to mention it's easier to break up bitcoin than melt gold into smaller units. 1 Share this post Link to post Share on other sites
Frozenbeernuts 1,652 Posted April 27, 2021 1 hour ago, Cdub100 said: A Satoshi is a one hundred millionth of a bitcoin. Not to mention it's easier to break up bitcoin than melt gold into smaller units. Dude, I know you have a smelter in your basement. Don't act like you aren't sitting at home with a Satoshi on one side of the scale and a gold flake on the other Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 1 minute ago, Frozenbeernuts said: Dude, I know you have a smelter in your basement. Don't act like you aren't sitting at home with a Satoshi on one side of the scale and a gold flake on the other You caught the tater Share this post Link to post Share on other sites
Alias Detective 1,181 Posted April 27, 2021 2 hours ago, Cdub100 said: A Satoshi is a one hundred millionth of a bitcoin. Says who? Share this post Link to post Share on other sites
Cdub100 3,417 Posted April 27, 2021 2 minutes ago, Alias Detective said: Says who? Everyone. And if you don't like the name satosi call it whatever you want. The fact is one bitcoin can be broken up into insanely small pieces. More than gold could realistically do. Share this post Link to post Share on other sites