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Bitcoins,,,they are suppose to be the new #4614882
12/26/17 05:31 PM
12/26/17 05:31 PM
Joined: Dec 2009
Posts: 5,080
Tn.
CourierDriver Offline OP
CourierDriver  Offline OP
Joined: Dec 2009
Posts: 5,080
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.


Forks Over Knives , see the movie on netflix
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614884
12/26/17 05:33 PM
12/26/17 05:33 PM
Joined: Oct 2009
Posts: 3,334
Wet side WA
JohnnyJohnson Online content
JohnnyJohnson  Online Content
Joined: Oct 2009
Posts: 3,334
Wet side WA
Yes lets see in the last week or so here it gone from near 20K to under 11K!


2004 Corolla 125335
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
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614890
12/26/17 05:36 PM
12/26/17 05:36 PM
Joined: Mar 2014
Posts: 3,315
NJ
Leo99 Offline
Leo99  Offline
Joined: Mar 2014
Posts: 3,315
NJ
I'm almost going to buy a few. Might buy another cryptocurrency like Ripple or Ethereum.


Without data you're just another person with an opinion. W. E. Deming

2003 Corolla 250,000 miles
2004 Rav4 359,000 miles
2015 Camry 59,000 miles
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614893
12/26/17 05:38 PM
12/26/17 05:38 PM
Joined: Aug 2010
Posts: 12,906
Northern Kentucky
901Memphis Offline
901Memphis  Offline
Joined: Aug 2010
Posts: 12,906
Northern Kentucky
I should have bought bit coin when it was $1...


2012 Chevy Cruze LT 1.4T - 50k
2002 Buick Century 130k - Built 4T65e(Maxlife) - Edge 0w40 + Fram XG3980
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614895
12/26/17 05:39 PM
12/26/17 05:39 PM
Joined: Sep 2016
Posts: 513
Vienna, VA
TinyVoices Offline
TinyVoices  Offline
Joined: Sep 2016
Posts: 513
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.


1993 Toyota MR2 Hardtop N/A - 160k miles - Valvoline Max Life 5w30
2006 Toyota Matrix XR AWD (Fiancee) - 130k miles - Valvoline Max Life 5w30
Re: Bitcoins,,,they are suppose to be the new [Re: TinyVoices] #4614926
12/26/17 06:14 PM
12/26/17 06:14 PM
Joined: Dec 2009
Posts: 5,080
Tn.
CourierDriver Offline OP
CourierDriver  Offline OP
Joined: Dec 2009
Posts: 5,080
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.


Forks Over Knives , see the movie on netflix
Re: Bitcoins,,,they are suppose to be the new [Re: 901Memphis] #4614934
12/26/17 06:20 PM
12/26/17 06:20 PM
Joined: Sep 2004
Posts: 5,998
Santa Barbara, CA
surfstar Offline
surfstar  Offline
Joined: Sep 2004
Posts: 5,998
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.


2016 Golf Sportwagen 5MT M1 0w40 LC20 RLI BioPlus
my other vehicle is a Roth IRA
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614953
12/26/17 06:32 PM
12/26/17 06:32 PM
Joined: Sep 2010
Posts: 7,485
S California
OneEyeJack Offline
OneEyeJack  Offline
Joined: Sep 2010
Posts: 7,485
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".

Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4614965
12/26/17 06:43 PM
12/26/17 06:43 PM
Joined: Mar 2008
Posts: 5,991
Michigan
ZZman Offline
ZZman  Offline
Joined: Mar 2008
Posts: 5,991
Michigan
Like any investment some will get rich, some will do well and some will take a beating


2003 Mercury Grand Marquis. Rotella T6 Multi-Vehicle oil
2008 Sebring Hardtop convertible. Rotella T6 Multi-Vehicle oil
2006 Kawasaki Vulcan 900 LT. Amsoil Metric 10w-40
Re: Bitcoins,,,they are suppose to be the new [Re: OneEyeJack] #4614967
12/26/17 06:43 PM
12/26/17 06:43 PM
Joined: Dec 2009
Posts: 25,588
Regina, Saskatchewan, Canada
Garak Offline
Garak  Offline
Joined: Dec 2009
Posts: 25,588
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


Plain, simple Garak.

2008 Infiniti G37 - Shell ROTELLA T6 Multi-Vehicle 5w-30, NAPA Gold 7356
1984 F-150 4.9L - Quaker State GB 10w-30, Wix 51515
Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4615001
12/26/17 07:17 PM
12/26/17 07:17 PM
Joined: Mar 2013
Posts: 3,309
southern mo
ram_man Offline
ram_man  Offline
Joined: Mar 2013
Posts: 3,309
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.


2014 dodge dart GT
1995 Dodge ram 1500


Re: Bitcoins,,,they are suppose to be the new [Re: CourierDriver] #4615019
12/26/17 07:36 PM
12/26/17 07:36 PM
Joined: Sep 2004
Posts: 21,726
Orlando, FL
Mr Nice Offline
Mr Nice  Offline
Joined: Sep 2004
Posts: 21,726
Orlando, FL
Seems like a scam to me.

Some will time it perfectly and others will get burned.

Re: Bitcoins,,,they are suppose to be the new [Re: Mr Nice] #4615037
12/26/17 08:00 PM
12/26/17 08:00 PM
Joined: Aug 2010
Posts: 5,734
Champlain/Hudson Valley
Kira Offline
Kira  Offline
Joined: Aug 2010
Posts: 5,734
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!

Re: Bitcoins,,,they are suppose to be the new [Re: JohnnyJohnson] #4615042
12/26/17 08:03 PM
12/26/17 08:03 PM
Joined: Feb 2013
Posts: 534
Louisiana
SuzukiGoat Offline
SuzukiGoat  Offline
Joined: Feb 2013
Posts: 534
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.


2003 Nissan Xterra 4x4 M1 HM 10w40
2001 Toyota 4runner 4x4 M1 0w40
2016 Yamaha YXZ1000R VR1 20w50

Re: Bitcoins,,,they are suppose to be the new [Re: Kira] #4615056
12/26/17 08:12 PM
12/26/17 08:12 PM
Joined: Apr 2012
Posts: 5,258
MA
Wolf359 Offline
Wolf359  Offline
Joined: Apr 2012
Posts: 5,258
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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