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Old 12-22-2017, 07:05 PM
Gray Wolf Gray Wolf is offline
 
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Talking Bitcoin

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

Any questions?
.
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  #2  
Old 12-22-2017, 07:30 PM
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I know that guy x 10....and they are all the same.
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Old 12-22-2017, 08:49 PM
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Originally Posted by Twisted Canuck View Post
I know that guy x 10....and they are all the same.
What??????

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Old 12-22-2017, 09:05 PM
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Default Good l’l Bitcoin.

Crashed 30% today.
Then recover a bit but still a heavy loss for someone that may have just bought in.
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Old 12-22-2017, 10:16 PM
therealj therealj is offline
 
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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?
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  #6  
Old 12-22-2017, 10:49 PM
ak-71 ak-71 is offline
 
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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.
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  #7  
Old 12-22-2017, 11:02 PM
Jays toyz Jays toyz is offline
 
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Seems like a worldwide Ponzi Scheme.
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  #8  
Old 12-22-2017, 11:38 PM
therealj therealj is offline
 
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Quote:
Originally Posted by ak-71 View Post
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.
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
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  #9  
Old 12-23-2017, 06:46 AM
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Reeves1 Reeves1 is offline
 
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Talking

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 !
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  #10  
Old 12-23-2017, 09:22 AM
ak-71 ak-71 is offline
 
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Quote:
Originally Posted by therealj View Post
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
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

Last edited by ak-71; 12-23-2017 at 09:39 AM.
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  #11  
Old 12-23-2017, 09:43 AM
Reaver Reaver is offline
 
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Quote:
Originally Posted by Jays toyz View Post
Seems like a worldwide Ponzi Scheme.
LOL, well you could say that about paper with fancy writing printed on it as well.
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  #12  
Old 12-23-2017, 09:50 AM
ak-71 ak-71 is offline
 
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Originally Posted by Reaver View Post
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


Last edited by ak-71; 12-23-2017 at 10:17 AM.
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  #13  
Old 12-23-2017, 10:14 AM
MyAlberta MyAlberta is offline
 
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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.
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  #14  
Old 12-23-2017, 10:14 AM
therealj therealj is offline
 
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Quote:
Originally Posted by ak-71 View Post
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
Completely agree regarding bitcoin, it's slow, expensive to use, biggest advantage right now is being first.
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  #15  
Old 12-23-2017, 03:59 PM
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The old phrase,
Someone else’s money.

TBark
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  #16  
Old 12-23-2017, 05:44 PM
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That video is everyone I've ever talked to about bitcoin
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  #17  
Old 12-24-2017, 12:44 AM
Spooner Spooner is offline
 
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Quote:
Originally Posted by therealj View Post
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


Would you tell a couple of the currencies you've purchased, where and how you hold them?
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  #18  
Old 12-24-2017, 01:28 AM
therealj therealj is offline
 
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Quote:
Originally Posted by Spooner View Post
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.

Last edited by therealj; 12-24-2017 at 01:41 AM.
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  #19  
Old 12-24-2017, 06:09 AM
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HoytCRX32 HoytCRX32 is offline
 
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Will go the way of Atari
Better ones will emerge
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  #20  
Old 12-24-2017, 03:34 PM
Gray Wolf Gray Wolf is offline
 
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Thumbs up Good One !

Quote:
Originally Posted by ak-71 View Post
Only government can make you use their design of fancy paper and many governments do.

Interesting graph, very popular lately for some reason


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



.
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  #21  
Old 12-24-2017, 10:18 PM
Jays toyz Jays toyz is offline
 
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Quote:
Originally Posted by ak-71 View Post
Only government can make you use their design of fancy paper and many governments do.

Interesting graph, very popular lately for some reason

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?
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  #22  
Old 12-24-2017, 10:28 PM
ak-71 ak-71 is offline
 
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Quote:
Originally Posted by Jays toyz View Post
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.
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  #23  
Old 12-24-2017, 10:29 PM
Gray Wolf Gray Wolf is offline
 
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Thumbs up

Quote:
Originally Posted by ak-71 View Post
Not sure I follow, like, at all
Like, me too!
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  #24  
Old 12-24-2017, 10:34 PM
ak-71 ak-71 is offline
 
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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?
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  #25  
Old 12-24-2017, 10:53 PM
Jays toyz Jays toyz is offline
 
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I assumed (apparently incorrectly) that you were making a socioeconomic statement about currencies being"fake". A position usually taken by tax "truthers". Apologies.
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  #26  
Old 12-24-2017, 10:59 PM
223MB 223MB is offline
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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.
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  #27  
Old 12-25-2017, 12:18 AM
ak-71 ak-71 is offline
 
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Quote:
Originally Posted by Jays toyz View Post
I assumed (apparently incorrectly) that you were making a socioeconomic statement about currencies being"fake". A position usually taken by tax "truthers". Apologies.
Must be my English, but I'm glad that we are on the same page.
Merry Christmas.
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  #28  
Old 12-26-2017, 04:20 PM
Amateur Hunter Amateur Hunter is offline
 
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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
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  #29  
Old 12-26-2017, 04:43 PM
therealj therealj is offline
 
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Quote:
Originally Posted by Amateur Hunter View Post
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?
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  #30  
Old 12-26-2017, 05:58 PM
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whitetail Junkie whitetail Junkie is offline
 
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Quote:
Originally Posted by therealj View Post
What does the US Government have to do with a decentralized currency?
My guess is alot once the IRS drops the hammer.
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