Bitcoin
 

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All you'll ever need to know about Bitcoin, in less than 5 minutes - https://www.youtube.com/watch?v=g-zIbVEjVpQ

Any questions? :acigar:
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I know that guy x 10....and they are all the same.

What??????

:bad_boys_20:

Good l’l Bitcoin.
 

Crashed 30% today.
Then recover a bit but still a heavy loss for someone that may have just bought in.

1992 :What do you mean you are going to send mail with a computer, I can drive down to the store, buy a stamp and in a week they will get my message.

2017 : What do you mean there's a technology called blockchain that is going to change the world and allow people to store their funds away from centralized bank/government controlled systems. The government and banks are looking out for me, right?

Even if blockchain becomes accepted (otherwise it's just sending each other bits and bytes), Bitcoin to blockchain may very well be a Blackberry to a smartphone. Look beyond the hype.

Seems like a worldwide Ponzi Scheme.

There's no if, Amex and IBM are already adopting, Russia and numerous other countries are on the path to creating crypto currency. Australia is moving their stock market to blockchain technology. In terms of Bitcoin, I think it's flawed in
many ways, don't currently hold any, well diversified in other crypto however.

https://www.americanexpress.com/us/c...sing-services/

https://www.businessinsider.com.au/t...nology-2017-12

https://www.forbes.com/sites/rogerai.../#70a78c387d9c

I was born with nothing.... and still have most of it !





If it cost a nickle to go around the world....... I don't have enough to get out of sight !

Very good point, Russia is a good example that anyone can come up with his own implementation of a blockchain, you've just made my point that unless Bitcoin just gets commonly accepted as a standard many are set on using and then survives the competition with other infinite versions of cryptocurrencies it can become extinct as so many other trial versions of new technologies, only faster.

PS. I am actually surprised that seismic companies and others with massive computing power are not mining something on a side with their core business being in a slowdown, not hard for them to get out if it goes down, no additional costs

LOL, well you could say that about paper with fancy writing printed on it as well.

Only government can make you use their design of fancy paper and many governments do.

Interesting graph, very popular lately for some reason :thinking-006:

http://fixwillpower.com/wp-content/u.../04/bubble.jpg

Russian encryption technology was largely based on their strong decryption capabilities. Something worth thinking about. In an investing perspective, a high risk component is good. Adds some excitement. Timing a one time win is largely a stroke of luck, unless you keep replenishing the account, which now your gambling, and the house wins.

Completely agree regarding bitcoin, it's slow, expensive to use, biggest advantage right now is being first.

The old phrase,
Someone else’s money.

TBark

That video is everyone I've ever talked to about bitcoin

Would you tell a couple of the currencies you've purchased, where and how you hold them?

Sure, no problem.

First many of the tokens are ERC-20 meaning they are issued on the Ethereum blockchain, any of my tokens that fall under this are stored on an offline myetherwallet.

Many of my other coins/tokens have their own downloadable wallets. My top five investments are as follows, for ****s and giggles here's what I predict each of these to be at in 6 months......bookmark this page ;)

1) Waves - currently $13 / 6 months $75
2) SONM - currently $0.42 / 6 months $2
3) Stratis - currently $14.94 / 6 months $50
4) Ark - currently $6.35 / 6 months $25
5) Neblio - currently $7.19 / 6 months $30

These all have their own wallet aside from SONM, but they will have a wallet shortly. I've only invested in projects that I believe have a future/real world purpose, the vast majority of the coins/tokens are very speculative and simply their for pump and dump purposes.

I mostly use binance.com to do my trading. The toughest part is the initial funding, coinbase is probably the easiest point of entry but they have very low buy limits for the first month.

Will go the way of Atari
Better ones will emerge

Good One !
 

That graph can be applied to a lot of investment scenarios.

I think the present stock market is in the "Delusion" stage right now. It's time to cash-out, and :scared0018:


:sign0111:
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I am not sure that every country ever is taking part in a Ponzi scheme, though I have met some nut bags that think the country would be better off sans government. Do you also believe that taxes are not legal and you are a sovereign citizen?

Not sure I follow, like, at all.

PS. Graph was related to what I think about Bitcoin. My comment about governments meant to say that in my opinion Bitcoin is very different from any government issued currency.

Like, me too!

Sorry, Wolf, most of the English I learn from my daughter, she is a native speaker and I am not. "Like" - is like an integral part of modern English, right?

I assumed (apparently incorrectly) that you were making a socioeconomic statement about currencies being"fake". A position usually taken by tax "truthers". Apologies.

Some investment advisor on CNN was talking about the amount of people that are taking out monster loans in order to purchase these things. Maybe I’m a big sissy, but it’s scary how much people are willing to risk.

Must be my English, but I'm glad that we are on the same page.
Merry Christmas.

Does anyone know what is USA government stand on Bitcoin?
Are they ready to get rid of it's own US dollar? Are they ready to accept that barrel of oil is 50 BC , not $50 us ?
If answers are NO , I would run away from BC
Just my 2 cents

What does the US Government have to do with a decentralized currency?

My guess is alot once the IRS drops the hammer.