[ARCHIVED THREAD] - 9915.42 US Dollar For One Bitcoin.......Down 15 December 2017 17,900 (Page 1 of 89)
Posted: 5/15/2017 5:39:04 AM EDT
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Sigh
I thought it was a scam. No tears here as I never had enough to Invest in the beginning, I'm Family Poor http://www.thedailysheeple.com/as-bitcoin-surges-over-1800-federal-reserve-official-admits-blockchain-value_052017 UPDATE: "It will continue to rise in price as inflation goes higher and there is world turmoil," says Jonathan Johnson, president of Medici Ventures, a wholly-owned subsidiary of Overstock.com that focuses on blockchain, the technology that underlies digital assets such as bitcoin, allowing it to be tracked and secure. Johnson was instrumental in the decision by e-commerce company Overstock to begin accepting bitcoin in January 2014. https://www.usatoday.com/story/tech/news/2017/05/22/bitcoin-hits-record-2000-and-rising/102012696/ |
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None. And that's one of the best things about it. Quoted:
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Secure with the full faith and backing of... ... ... ... Which government again?? Bitcoin is backed by absolutely nothing, and has no tangible scarcity. It can go to zero at any time on a whim. The owners of private central banks that steal from society through government have been in the money and currency theft game for centuries. They are masters at indebting nations, changing the currency, and hacking off zeros to steal the wealth. The Federal Reserve is the king of theft, and they know what real money is. See what they hold in their vaults for a clue, and then think about what they force us to use. Two different things. Use goldmoney dot com instead of Bitcoin unless anonymity is needed. 6,000 years of historical value as money, where Bitcoin is only a few years old. Very dangerous. Oh, and neither is an investment. An investment would be ownership in shares of gold or Bitcoin mining companies. |
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Secure with the full faith and backing of... ... ... ... Which government again?? If you'd rather have Janet Yellen and Ben Bernanke control your inflation instead of Satoshi setting up some algebra and walking away...you do you. |
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Wat? Quoted:
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If an EFT is created around Bitcoin, wouldn't that open the door to manipulating the price? |
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Wat? "Back in the US, the infamous Winklevoss twins, Cameron and Tyler, are waiting to hear back from the U.S. Securities and Exchange Commission as it reviews its original decision to reject a proposal for an exchange-traded fund, or ETF, that facilitates the entry of large institutional investors into the bitcoin market, CNBC reported." Having an thing that buys a thing that represents a thing... An eft for Bitcoin doesn't make any sense to me. |
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From the article: "Back in the US, the infamous Winklevoss twins, Cameron and Tyler, are waiting to hear back from the U.S. Securities and Exchange Commission as it reviews its original decision to reject a proposal for an exchange-traded fund, or ETF, that facilitates the entry of large institutional investors into the bitcoin market, CNBC reported." Having an thing that buys a thing that represents a thing... An eft for Bitcoin doesn't make any sense to me. Quoted:
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Wat? "Back in the US, the infamous Winklevoss twins, Cameron and Tyler, are waiting to hear back from the U.S. Securities and Exchange Commission as it reviews its original decision to reject a proposal for an exchange-traded fund, or ETF, that facilitates the entry of large institutional investors into the bitcoin market, CNBC reported." Having an thing that buys a thing that represents a thing... An eft for Bitcoin doesn't make any sense to me. 
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No, that's bad. At least a .gov backed currency is implicitly backed by taxpayers, until it implodes. Bitcoin is backed by absolutely nothing, and has no tangible scarcity. It can go to zero at any time on a whim. The owners of private central banks that steal from society through government have been in the money and currency theft game for centuries. They are masters at indebting nations, changing the currency, and hacking off zeros to steal the wealth. The Federal Reserve is the king of theft, and they know what real money is. See what they hold in their vaults for a clue, and then think about what they force us to use. Two different things. Use goldmoney dot com instead of Bitcoin unless anonymity is needed. 6,000 years of historical value as money, where Bitcoin is only a few years old. Very dangerous. Oh, and neither is an investment. An investment would be ownership in shares of gold or Bitcoin mining companies. |
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. Quoted:
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No, that's bad. At least a .gov backed currency is implicitly backed by taxpayers, until it implodes. Bitcoin is backed by absolutely nothing, and has no tangible scarcity. It can go to zero at any time on a whim. The owners of private central banks that steal from society through government have been in the money and currency theft game for centuries. They are masters at indebting nations, changing the currency, and hacking off zeros to steal the wealth. The Federal Reserve is the king of theft, and they know what real money is. See what they hold in their vaults for a clue, and then think about what they force us to use. Two different things. Use goldmoney dot com instead of Bitcoin unless anonymity is needed. 6,000 years of historical value as money, where Bitcoin is only a few years old. Very dangerous. Oh, and neither is an investment. An investment would be ownership in shares of gold or Bitcoin mining companies. |
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Sigh I thought it was a scam. No tears here as I never had enough to Invest in the beginning, I'm Family Poor http://www.thedailysheeple.com/as-bitcoin-surges-over-1800-federal-reserve-official-admits-blockchain-value_052017 Sorry to hear that, CRC. Maybe we can start a GoFundMe for you? |
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No. An ETF makes no sense though. Bitcoin isn't a tangible substance. A gold ETF makes sense because otherwise, trading it would require physical shipment of it. |
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" |
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quoted:
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" investing in gold does have a backing, but what it lacks to make really good return (or loss) - is volatility - volatility is opportunity and blockchain has that in spades. dont put your kids college money in it, put a few spare dollars you can see what happens with. |
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quoted:
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" It's no different than someone seeing the potential of ecommerce on the world wide web back in the 90s, buying Amazon stock and holding out for the maturation of that market. Super risky yes, but It's not luck when you do your homework. I don't buy stocks without reading annual reports and I didn't buy bitcoin without thoroughly understanding how it functions either. Oddly enough, the only other crypto I've bought has been ethereum. Out the thousands of altcoins how did I manage to pick the other big winner? Lucky twice? |
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" Quoted:
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" |
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<snip> actually blockchain currencies are going up in a way that is not possible in gold or other currencies. Quoted:
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PLEASE elaborate, I sold 10 yesterday for a profit of over 10000. I invested wisely. And continue to do so. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" i bet the first 10 people or so who got in on amway are richer than shit too. usually by the time the average joe hears about it they are out of that bubble of richness. now they are in the who can hold the grenade the longest bubble. |
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My brother has been a degenerate guesser for a while. It's so bad, he and his wife aren't even working anymore. Quoted:
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you didn't fucking invest wisely, you got lucky, just like the degenerate gamblers at vegas that "wins" every one in a while. You guessed correctly, thats it. If you would have lost 10K you sure as shit wouldn't be posing about it now would you. "investing in bitcoin" is dumber than "investing in gold" It's so bad, he and his wife aren't even working anymore.
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You are some kind of clueless. Quoted:
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Where do you cash those "bitcoins" in for real money? gold?  |
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I bought two at three hundred just to try out.kinds wishing I'd bought twenty
either would be like me trying to make a wedding dress for a new bride.
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Every bitcoin discussion ever consists of people saying random stuff about it.
That's it. If you like bitcoin, you say that it's going to be worth billions some day. if you hate bitcoin, you say that it's going to implode some day. That's the entire intellectual content of any bitcoin discussion. It's an empty exercise. It zoomed up in value when all the haters said it was going to crash and it tanked when all the fanboys said it was going to the moon. every time it zooms upward, it becomes the best thing in the world, every time it crashes everyone give it a eulogy. just admit you have no clue what's going to happen to it. As an outsider and disinterested party, I don't see how a currency that wildly fluctuates in value could be used as a currency. Would you be willing to be paid in dollars and keep your retirement fund in dollars if the dollars zoomed from $200 to $900 and back to $200 in a few months? At this point in its evolution, it seems more like a real volatile stock than a currency. Or like gold. You know how people insist that gold is some sort of excellent store of value as it zooms up and down. |
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Another thought:
it might be a beanie baby type investment and it might die someday, but people do get rich gambling on this kind of stuff during the dot com boom, people got rich off of internet companies that were supposed to deliver dog food in the mail of course, on the flip side, the last guy to buy in loses his shirt when the bubble pops during the dot com boom, there was a shitload of articles about how "the old rules don't apply anymore." in other words, financial experts were saying that because of the internet boom, a company no longer needed to produce a product or turn profit to be valuable there were advisors telling you to buy stocks for companies with no employees and no actual product. 6 months later when it all turned to shit, the same guys were writing articles about how dumb everyone was for buying into the dot com hype |
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Every bitcoin discussion ever consists of people saying random stuff about it. That's it. If you like bitcoin, you say that it's going to be worth billions some day. if you hate bitcoin, you say that it's going to implode some day. That's the entire intellectual content of any bitcoin discussion. It's an empty exercise. It zoomed up in value when all the haters said it was going to crash and it tanked when all the fanboys said it was going to the moon. every time it zooms upward, it becomes the best thing in the world, every time it crashes everyone give it a eulogy. just admit you have no clue what's going to happen to it. As an outsider and disinterested party, I don't see how a currency that wildly fluctuates in value could be used as a currency. Would you be willing to be paid in dollars and keep your retirement fund in dollars if the dollars zoomed from $200 to $900 and back to $200 in a few months? At this point in its evolution, it seems more like a real volatile stock than a currency. Or like gold. You know how people insist that gold is some sort of excellent store of value as it zooms up and down.
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i could never understand the "mining part" (i get it, but i don't). i also wanted a raspberry pi thing too until i watched a youtube video, fuck it walmart can keep building my computers.
either would be like me trying to make a wedding dress for a new bride. |
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Another thought: it might be a beanie baby type investment and it might die someday, but people do get rich gambling on this kind of stuff during the dot com boom, people got rich off of internet companies that were supposed to deliver dog food in the mail of course, on the flip side, the last guy to buy in loses his shirt when the bubble pops during the dot com boom, there was a shitload of articles about how "the old rules don't apply anymore." in other words, financial experts were saying that because of the internet boom, a company no longer needed to produce a product or turn profit to be valuable there were advisors telling you to buy stocks for companies with no employees and no actual product. 6 months later when it all turned to shit, the same guys were writing articles about how dumb everyone was for buying into the dot com hype
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[ARCHIVED THREAD] - 9915.42 US Dollar For One Bitcoin.......Down 15 December 2017 17,900 (Page 1 of 89)
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