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Bitcoin for the win! #4595444
12/05/17 09:48 PM
12/05/17 09:48 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
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

Last edited by StevieC; 12/05/17 09:50 PM.

'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595447
12/05/17 09:52 PM
12/05/17 09:52 PM
Joined: Dec 2012
Posts: 556
Cave City KY
jakewells Offline
jakewells  Offline
Joined: Dec 2012
Posts: 556
Cave City KY
i got few bitcoins when it hits 15,000 per coin im cashing in.
i would like some new toys.


1994 Ford F150 302 4R70
Chevron Delo SAE 30 CF/SL Fram XG8A

1978 Chevy Nova 250 I6 Borg Warner T5
Rotella 10W40 Fram XG5

Re: Bitcoin for the win! [Re: StevieC] #4595449
12/05/17 09:52 PM
12/05/17 09:52 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
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.

Last edited by StevieC; 12/05/17 09:53 PM.

'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595453
12/05/17 09:56 PM
12/05/17 09:56 PM
Joined: Jul 2007
Posts: 4,216
Midwest USA
LoneRanger Online content
LoneRanger  Online Content
Joined: Jul 2007
Posts: 4,216
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.



'09 Subaru Forester ...................(QS HM 5W30)
'16 Moto Guzzi Stelvio 1200 .....(ENI i-Ride PG 10W60)
Re: Bitcoin for the win! [Re: StevieC] #4595455
12/05/17 09:57 PM
12/05/17 09:57 PM
Joined: Dec 2012
Posts: 556
Cave City KY
jakewells Offline
jakewells  Offline
Joined: Dec 2012
Posts: 556
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 Borg Warner T5
Rotella 10W40 Fram XG5

Re: Bitcoin for the win! [Re: StevieC] #4595457
12/05/17 09:58 PM
12/05/17 09:58 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
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


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595460
12/05/17 10:03 PM
12/05/17 10:03 PM
Joined: Sep 2010
Posts: 7,485
S California
OneEyeJack Offline
OneEyeJack  Offline
Joined: Sep 2010
Posts: 7,485
S California
Money does not come from nowhere (pardon the grammar). If you win someone else must be losing.

Re: Bitcoin for the win! [Re: StevieC] #4595465
12/05/17 10:08 PM
12/05/17 10:08 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
Isn't Capitalism great? wink


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595474
12/05/17 10:12 PM
12/05/17 10:12 PM
Joined: Dec 2012
Posts: 556
Cave City KY
jakewells Offline
jakewells  Offline
Joined: Dec 2012
Posts: 556
Cave City KY
I'm not greedy but i am poor and i sure would like a new car to drive to work everyday.


1994 Ford F150 302 4R70
Chevron Delo SAE 30 CF/SL Fram XG8A

1978 Chevy Nova 250 I6 Borg Warner T5
Rotella 10W40 Fram XG5

Re: Bitcoin for the win! [Re: StevieC] #4595476
12/05/17 10:15 PM
12/05/17 10:15 PM
Joined: Sep 2003
Posts: 5,773
Waterloo, ON
Bluestream Offline
Bluestream  Offline
Joined: Sep 2003
Posts: 5,773
Waterloo, ON
When Bitcoin futures start trading later this month, that will know BTC on its [censored]


2000 VW Beetle 1.8T M5
2000 Ford Explorer 4.0 4X4
1991 BMW 735iL
"A fool and his money are soon parted" - Thomas Tusser
Re: Bitcoin for the win! [Re: StevieC] #4595483
12/05/17 10:21 PM
12/05/17 10:21 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
This is interesting...

Last edited by StevieC; 12/05/17 10:23 PM.

'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595488
12/05/17 10:27 PM
12/05/17 10:27 PM
Joined: Aug 2008
Posts: 18,795
Ontario, Canada
StevieC Offline OP
StevieC  Offline OP
Joined: Aug 2008
Posts: 18,795
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.


'18 Highlander - AMSOIL SS 0w20 / ATF / Severe Gear
'06 Santa Fe - 535,000km AMSOIL SS 0w30 / ATF (R.I.P)
Re: Bitcoin for the win! [Re: StevieC] #4595501
12/05/17 10:45 PM
12/05/17 10:45 PM
Joined: Jul 2008
Posts: 464
Maryland USA
rubberchicken Offline
rubberchicken  Offline
Joined: Jul 2008
Posts: 464
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.

Re: Bitcoin for the win! [Re: StevieC] #4595508
12/05/17 10:55 PM
12/05/17 10:55 PM
Joined: Jul 2010
Posts: 18,761
PNW
ZeeOSix Offline
ZeeOSix  Offline
Joined: Jul 2010
Posts: 18,761
PNW
Monopoly money could take hold too for buying/selling if enough people considered it "legitimate currency".

Re: Bitcoin for the win! [Re: StevieC] #4595522
12/05/17 11:12 PM
12/05/17 11:12 PM
Joined: Oct 2009
Posts: 3,239
Wet side WA
JohnnyJohnson Offline
JohnnyJohnson  Offline
Joined: Oct 2009
Posts: 3,239
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.

Last edited by JohnnyJohnson; 12/05/17 11:14 PM.

2004 Corolla 124900
Out: VML 5w-30 TG4967 OCI 5007 Miles
In: EDGE EP 5W-30 Bosch 3311 122537 7-18-18
2006 Duramax 74277
Out: T6 5W-40 M1-303
In: T6 5W-40 XG9100 74705 4-22-18
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