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#4595444 - 12/05/17 08:48 PM Bitcoin for the win!
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
I started this with $10 and kept adding a little more here/there. Everytime it goes high I take out the profits and leave the contribution amounts. I finally got up to $1,000 in contributions a few months ago and now it just quadrupled to $4,000 so I took out the $3,000. To date I'm up to about $6200 in profits.

For the win! grin2


Edited by StevieC (12/05/17 08:50 PM)
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#4595447 - 12/05/17 08:52 PM Re: Bitcoin for the win! [Re: StevieC]
jakewells Offline


Registered: 12/28/12
Posts: 468
Loc: Cave City KY
i got few bitcoins when it hits 15,000 per coin im cashing in.
i would like some new toys.
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#4595449 - 12/05/17 08:52 PM Re: Bitcoin for the win! [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
I think as long as you play with just little amounts and buy right after it falls like crazy is the key to success with it. Also not waiting until it gets too high to sell. Unless you want a long-term play sort of thing.


Edited by StevieC (12/05/17 08:53 PM)
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#4595453 - 12/05/17 08:56 PM Re: Bitcoin for the win! [Re: StevieC]
LoneRanger Offline


Registered: 07/02/07
Posts: 4058
Loc: Midwest USA
Bitcoin has been pretty crazy. I blew it back in january 2013 I was going to get into it I think it was $50/per and didn't, although it was still really shady back then. By November 2013 it'd hit $1200/per and I was kicking myself in my own nuts for missing out. And now it's off the hook. But it's still got potential for extreme volatility and could tank at anytime. To think that it began at 6 cents per bitcoin when it was launched.

I salute you for your being in Bitcoin though. It takes some courage. I still don't grasp how it actually works, and how it has value at all. I know it's mathematically a limited supply due to the algorithm. Which leads me to another point; Bitcoin mining. I could see a lot of people rushing to get setup with a small miner-machine farm (server farm doesn't seem the right term) for mining for Bitcoin now that it's so high.
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#4595455 - 12/05/17 08:57 PM Re: Bitcoin for the win! [Re: StevieC]
jakewells Offline


Registered: 12/28/12
Posts: 468
Loc: Cave City KY
wish i had 1,000 bitcoins to sell.
_________________________
1994 Ford F150 302 4R70
Chevron Delo SAE 30 CF/SL Fram XG8A
1978 Chevy Nova 250 I6 3 on the tree.
Rotella 10W40 Fram TG30


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#4595457 - 12/05/17 08:58 PM Re: Bitcoin for the win! [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Between that and doing the same thing with Stocks I have been doing pretty well the last 10 years. Not being greedy, just playing with small sums and taking out the profits either in cash or reinvesting in something else. I wish I knew what I know today 20 years ago. I would be retired already. LOL
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'15 Dodge Journey - 90,000 KM's - SSO 5w20
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#4595460 - 12/05/17 09:03 PM Re: Bitcoin for the win! [Re: StevieC]
OneEyeJack Offline


Registered: 09/14/10
Posts: 7479
Loc: S California
Money does not come from nowhere (pardon the grammar). If you win someone else must be losing.

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#4595465 - 12/05/17 09:08 PM Re: Bitcoin for the win! [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Isn't Capitalism great? wink
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#4595474 - 12/05/17 09:12 PM Re: Bitcoin for the win! [Re: StevieC]
jakewells Offline


Registered: 12/28/12
Posts: 468
Loc: Cave City KY
I'm not greedy but i am poor and i sure would like a new car to drive to work everyday.
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1994 Ford F150 302 4R70
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1978 Chevy Nova 250 I6 3 on the tree.
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#4595476 - 12/05/17 09:15 PM Re: Bitcoin for the win! [Re: StevieC]
Bluestream Offline


Registered: 09/13/03
Posts: 5758
Loc: Waterloo, ON
When Bitcoin futures start trading later this month, that will know BTC on its [censored]
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#4595483 - 12/05/17 09:21 PM Re: Bitcoin for the win! [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
This is interesting...


Edited by StevieC (12/05/17 09:23 PM)
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#4595488 - 12/05/17 09:27 PM Re: Bitcoin for the win! [Re: StevieC]
StevieC Offline


Registered: 08/21/08
Posts: 17116
Loc: Ontario, Canada
Yeah not the link I wanted to post... So I deleted it. Sorry about that RC. It was copy/paste error from the wrong tab.
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#4595501 - 12/05/17 09:45 PM Re: Bitcoin for the win! [Re: StevieC]
rubberchicken Offline


Registered: 07/07/08
Posts: 399
Loc: Maryland USA
Oh- well, it seemed to be on target for the Bitcoin topic. You got any Etherium or some of the other competitors ?

Interesting thing I saw the other day: somebody publishes a Linux variant optimized for mining, and it will switch into any of about 20 currencies and crunch whatever has the biggest return.
It seemed really well thought out, and sort of answered my question of "how can I profit from selling shovels to these miners ?" rather than mining directly. To me, there is so much resources being thrown at mining that a single enthusiast cannot profit from mining directly.

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#4595508 - 12/05/17 09:55 PM Re: Bitcoin for the win! [Re: StevieC]
ZeeOSix Offline


Registered: 07/22/10
Posts: 17775
Loc: PNW
Monopoly money could take hold too for buying/selling if enough people considered it "legitimate currency".

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#4595522 - 12/05/17 10:12 PM Re: Bitcoin for the win! [Re: StevieC]
JohnnyJohnson Offline


Registered: 10/22/09
Posts: 2745
Loc: Wet side WA
Originally Posted By: StevieC
I started this with $10 and kept adding a little more here/there. Everytime it goes high I take out the profits and leave the contribution amounts. I finally got up to $1,000 in contributions a few months ago and now it just quadrupled to $4,000 so I took out the $3,000. To date I'm up to about $6200 in profits.

For the win! grin2


Very wise you're going to wind up with something besides a purchase receipt. The people that get greedy get burned. Rarely do people get in at the low and get in at the high. The secret is make money most of time and stay ahead of the game.


Edited by JohnnyJohnson (12/05/17 10:14 PM)
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