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  #51  
Old 02-24-2017, 09:48 AM
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BlaZinMJ3 BlaZinMJ3 is offline
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I still don't understand bitcoin, but my buddy made a killing mining coins years ago. Still don't understand it lol.


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  #52  
Old 02-25-2017, 07:08 AM
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I still don't understand bitcoin, but my buddy made a killing mining coins years ago. Still don't understand it lol.


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At the moment* think of one bitcoin as one of a finite number of gold bars but in electronic form.

Like our gold bar it cannot be counterfeited and governments can't create more of them or regulate them. Also like a gold bar if you realize a profit on the conversion of bitcoin into currency you're supposed to declare it as a capital gain.

*Quantum computing may be able to break the algorithm and steal them all. However it's all theoretical at this point. State actors (NSA, FSB, etc) are working on it.








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  #53  
Old 03-01-2017, 09:46 PM
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$1218 now. Had a 50% run since the last pullback within 2 month. When it last dipped it dipped under $800 and that was just about under 2 months ago




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  #54  
Old 03-01-2017, 09:47 PM
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Let's see how this one plays out


This guy was right ..


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  #55  
Old 03-02-2017, 10:25 AM
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Let's see if it really does run to $2000. Another up day today.




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  #56  
Old 03-02-2017, 12:39 PM
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I think BRK.B is a safer bet. I bought 100 shares a few days ago and I'm up $600. I've had an IRA invested in it for a year or so and it's the best performing thing I had.
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  #57  
Old 03-02-2017, 02:11 PM
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I think BRK.B is a safer bet. I bought 100 shares a few days ago and I'm up $600. I've had an IRA invested in it for a year or so and it's the best performing thing I had.


Can't go wrong with Warren's picks. He definitely does his homework and has people around him who do their homework for him too


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  #58  
Old 03-02-2017, 03:58 PM
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Can't go wrong with Warren's picks. He definitely does his homework and has people around him who do their homework for him too


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So true. I have distant family who has owned them for decades.

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  #59  
Old 03-03-2017, 06:57 AM
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So true. I have distant family who has owned them for decades.

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Those who got in about 5-10 years ago must be quite happy today. If I got in back then I would never unload them and jump the ship now. Warren has had a pretty good track record over the last 10 years


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  #60  
Old 03-03-2017, 08:23 AM
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Those who got in about 5-10 years ago must be quite happy today. If I got in back then I would never unload them and jump the ship now. Warren has had a pretty good track record over the last 10 years


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They're both in their 80's so.....

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  #61  
Old 03-04-2017, 10:21 AM
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Bitcoin now more popular amongst investors compared to Gold


https://www.forbes.com/sites/panosmo...ter-than-gold/


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  #62  
Old 03-10-2017, 06:41 AM
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Bounced back hard today



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  #63  
Old 03-10-2017, 03:40 PM
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Not for the faint of heart. Talk about a Yo-Yo




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  #64  
Old 03-27-2017, 08:11 PM
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Hey stylin', nice to see a familiar face around here! I never expected to see this old bone of a thread still around. For that matter I never expected to see bitcoin still around, but here we are. My feeling is that my prediction is still right, my timing was bad. BTC is still going to go bust, it just won't be in 2014.
Then again, there are days I still think most investments are doodoo or voodoo based. I thought BTC was doodoo but turns out it just might be voodoo. Like Panera, one of my best investments ever. It's now appreciated over 500% above my average buy price. Why? Who knows. It has never paid a penny in dividends and there are none in sight. Yet today it hit a new high. Voodoo. Is BTC really any different?

Edit: I just checked. BTC is down about 20% since early March. Ouch.

Last edited by DSXMachina; 03-27-2017 at 08:21 PM.
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  #65  
Old 03-30-2017, 08:12 PM
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Hey stylin', nice to see a familiar face around here! I never expected to see this old bone of a thread still around. For that matter I never expected to see bitcoin still around, but here we are. My feeling is that my prediction is still right, my timing was bad. BTC is still going to go bust, it just won't be in 2014.
Then again, there are days I still think most investments are doodoo or voodoo based. I thought BTC was doodoo but turns out it just might be voodoo. Like Panera, one of my best investments ever. It's now appreciated over 500% above my average buy price. Why? Who knows. It has never paid a penny in dividends and there are none in sight. Yet today it hit a new high. Voodoo. Is BTC really any different?

Edit: I just checked. BTC is down about 20% since early March. Ouch.


Keep an eye on ZCASH and DASH


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  #66  
Old 04-26-2017, 09:43 AM
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$1300 cleared



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  #67  
Old 04-26-2017, 09:46 AM
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Keep an eye on ZCASH and DASH


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ZCASH and DASH are all up since I last posted






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  #68  
Old 04-26-2017, 09:49 PM
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Nothing different about Bitcoin than any other currency in my view.

Money is anything that can normally used to exchange for a debt.

As for gold supporting legal tender...that is now a myth. How much gold does the fed not have supporting USD?

The likes of Mr Average normally uses legal tender. We don't see it but we have a cabinet with a clip file on it with paper statements we print off from a reputable bank like RBS or the one our 18 year old mba student nephew recommended 10 years ago run by that nice Mr Madoff.

But remember contagen?

To me, if systemic risk cannot be recognised or contained and if normal banks and insurance firms start getting into Bitcoin backed collateralised derivertive obligations then a repeat of the credit crunch is overdue.

Back to Harry Callahan. It's all about greed and denial.
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  #69  
Old 04-27-2017, 03:28 PM
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Bitcoin has been a raging bull this year




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  #70  
Old 04-28-2017, 10:27 PM
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Poor systems of control and lack of regulation leads to the inevitable in forex etc.
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  #71  
Old 05-01-2017, 12:07 AM
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Almost $1400




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  #72  
Old 05-02-2017, 03:46 AM
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$1400 has cleared and now a strip club in Vegas accepts cryptocurrency

https://motherboard.vice.com/en_us/a...cryptocurrency


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  #73  
Old 05-02-2017, 04:53 AM
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$1400 has cleared and now a strip club in Vegas accepts cryptocurrency

https://motherboard.vice.com/en_us/a...cryptocurrency


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Do businesses that accept crypto typically try to exchange crypto for traditional currency after accepting crypto for payment? How do they report taxes, i.e. is it recognized by IRS?
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  #74  
Old 05-03-2017, 07:24 PM
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Do businesses that accept crypto typically try to exchange crypto for traditional currency after accepting crypto for payment? How do they report taxes, i.e. is it recognized by IRS?


$1500 cleared.. Let's see if it hits $2000 as one of my friends predicted. His prediction of $1000 was correct.

Chinese use this to move money around They do not open accounts in America.

Keep an eye on DASH and ZCASH




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  #75  
Old 05-04-2017, 04:50 AM
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Bitcoin Imploding

Now we are in between $1500 & $1600 to clearing $1600 next.. This run has been pretty crazy




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