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#4614882 - 12/26/17 04:31 PM Bitcoins,,,they are suppose to be the new
CourierDriver Offline


Registered: 12/27/09
Posts: 4937
Loc: Tn.
The bitcoin rage is supposed to be the new money highway to making millions,,anyone got any infor,,there is plenty on youtube, Amazon is looking at it so we can pay for our stuff.
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#4614884 - 12/26/17 04:33 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
JohnnyJohnson Online   content


Registered: 10/22/09
Posts: 2734
Loc: Wet side WA
Yes lets see in the last week or so here it gone from near 20K to under 11K!
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#4614890 - 12/26/17 04:36 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
Leo99 Offline


Registered: 03/30/14
Posts: 3039
Loc: NJ
I'm almost going to buy a few. Might buy another cryptocurrency like Ripple or Ethereum.
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#4614893 - 12/26/17 04:38 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
901Memphis Offline


Registered: 08/14/10
Posts: 12893
Loc: Northern Kentucky
I should have bought bit coin when it was $1...
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#4614895 - 12/26/17 04:39 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
TinyVoices Offline


Registered: 09/12/16
Posts: 480
Loc: Vienna, VA
I own some BTC. It's basically a currency not backed by anything but people's belief that it is worth something. It's obtained by exchanging oyher currency for it or using processing power to solve calculations and earn little bits of it at a time.

It's going to go up and down similar to a stock and will rise and fall based on events the happen in the world relating to the currency. For example, it dropped recently because someone who had a large portion of the lite coins (another crypotcurrency often traded for BTC) in circulation sold it all.

It's a gamble like any other investment but as it is high risk, never put in more than you are willing to lose.

If you buy it or other crypotcurrency, PLEASE PLEASE use coinbase. It's the most safe exchange and isn't a scam like so many of the other ones are.
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#4614926 - 12/26/17 05:14 PM Re: Bitcoins,,,they are suppose to be the new [Re: TinyVoices]
CourierDriver Offline


Registered: 12/27/09
Posts: 4937
Loc: Tn.
Originally Posted By: TinyVoices
I own some BTC. It's basically a currency not backed by anything but people's belief that it is worth something. It's obtained by exchanging oyher currency for it or using processing power to solve calculations and earn little bits of it at a time.

It's going to go up and down similar to a stock and will rise and fall based on events the happen in the world relating to the currency. For example, it dropped recently because someone who had a large portion of the lite coins (another crypotcurrency often traded for BTC) in circulation sold it all.

It's a gamble like any other investment but as it is high risk, never put in more than you are willing to lose. thumbsup

If you buy it or other crypotcurrency, PLEASE PLEASE use coinbase. It's the most safe exchange and isn't a scam like so many of the other ones are.
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#4614934 - 12/26/17 05:20 PM Re: Bitcoins,,,they are suppose to be the new [Re: 901Memphis]
surfstar Offline


Registered: 09/16/04
Posts: 5998
Loc: Santa Barbara, CA
Originally Posted By: 901Memphis
I should have bought bit coin when it was $1...


This.

Party is over now.

It is an incredibly speculative gamble, currently.

BUT THIS IS WHAT IT IS NOT: "It's a gamble like any other investment..."

Bitcoin is only worth what someone else is willing to pay. You're not investing in a company, like when you buy stock. You're basically exchanging USD for a digital "currency" that may or may not be worth any money soon. You can invest in gold and own gold. You can invest in a mutual fund and own fractional shares of lots of companies. "Investing" in bitcoin or any other cryptocurrency is not like that at all.

Yes, some people have become quite wealthy from it. Doesn't mean its a good place to put your money.

Definitely do not use more money than you are okay with loosing. Just like sitting down at the blackjack table.
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#4614953 - 12/26/17 05:32 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
OneEyeJack Offline


Registered: 09/14/10
Posts: 7475
Loc: S California
I'd be willing to bet that traditional financial institutions are a bit concerned about being cut out of the very processes that they up until now have owned.

Sending money home by immigrants is one heck of a business and BitCoin reduces the time and cost. What used to take days now take minutes and 10%+ in charges has been reduced to 2 or 3%. If you think BitCoin has been publically trashed before you "ain't seen nothing, yet".

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#4614965 - 12/26/17 05:43 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
ZZman Online   content


Registered: 03/17/08
Posts: 5773
Loc: Michigan
Like any investment some will get rich, some will do well and some will take a beating
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#4614967 - 12/26/17 05:43 PM Re: Bitcoins,,,they are suppose to be the new [Re: OneEyeJack]
Garak Offline


Registered: 12/05/09
Posts: 24574
Loc: Regina, Saskatchewan, Canada
Originally Posted By: OneEyeJack
I'd be willing to bet that traditional financial institutions are a bit concerned about being cut out of the very processes that they up until now have owned.

That's no doubt some significant portion of the controversy. I've read interviews by people from major financial institutions, pushing major, glaring misunderstandings about Bitcoins. Do they really know that little, or is it just part of doing business to spread a little manure? wink
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#4615001 - 12/26/17 06:17 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
ram_man Offline


Registered: 03/15/13
Posts: 3204
Loc: southern mo
It's a risk like any thing but I've got coinbase and I've made$6,000 so far. Last couple weeks I lost some of my profit but I'm still way in the green. I have a system when I about double my money I pull out my profit and let the principal make money again. I've done ok so far. Ive made more off litecoin than any of them.
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#4615019 - 12/26/17 06:36 PM Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver]
Mr Nice Offline


Registered: 09/12/04
Posts: 21180
Loc: Orlando, FL
Seems like a scam to me.

Some will time it perfectly and others will get burned.

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#4615037 - 12/26/17 07:00 PM Re: Bitcoins,,,they are suppose to be the new [Re: Mr Nice]
Kira Offline


Registered: 08/19/10
Posts: 5214
Loc: Champlain/Hudson Valley
It exists in a small world where people speak of it as if it was a viable thing.

80% of the computers which administer it are in China. And do not forget that the same coterie "mines" them.

Hey, I'm not hep at all but I know when something stinks and when speakers obfuscate. NOBODY can answer any Bitcoin question with certainty.

Maybe it's like the old comedy bit about "Diamonique" jewelry....it's OK if you can pay with moneyola.

That's it, Bitcoin is moneyola!

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#4615042 - 12/26/17 07:03 PM Re: Bitcoins,,,they are suppose to be the new [Re: JohnnyJohnson]
SuzukiGoat Offline


Registered: 02/04/13
Posts: 534
Loc: Louisiana
You do realize a week before that it was sub 10k?

That correction was needed. Too many people buying in at the moment with no idea of what it does.

Doesn't matter to me. If it continues like it has for another 41 days, I'll never work again in my life.

Not bad for an initial $63 investment.
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#4615056 - 12/26/17 07:12 PM Re: Bitcoins,,,they are suppose to be the new [Re: Kira]
Wolf359 Offline


Registered: 04/27/12
Posts: 4742
Loc: MA
Originally Posted By: Kira
It exists in a small world where people speak of it as if it was a viable thing.

80% of the computers which administer it are in China. And do not forget that the same coterie "mines" them.

Hey, I'm not hep at all but I know when something stinks and when speakers obfuscate. NOBODY can answer any Bitcoin question with certainty.

Maybe it's like the old comedy bit about "Diamonique" jewelry....it's OK if you can pay with moneyola.

That's it, Bitcoin is moneyola!


What are your questions? It's open source, just look at the source code.

China banned bitcoin a while ago.

As to where it ends, who knows, some claim 500k, others 0.

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