its kinda late to jump in with hopes of making money... hahaha
Every so often I look into this. So far I've been scared off by complexity of buyin it. Anybody took the plunge?
Man, I traded some PC hardware for three of them when they first came out. Like $500 worth of components. I traded them off for other other PC stuff, about $1000 components. This was like ten years ago. I couldn't tell you how I did it either. All I know that was a stupid freaking move.
I bought some a few years back. Then the broker I bought it though died or "died" and for some reason he was the only one who had the password to millions of dollars in crypto.
Guess I should have listened to myself and moved it into a wallet instead of leaving it with the "exchange". Last I heard the lawyers were trying to have his body exhumed to make sure it was him in the grave. I doubt it is cause this is just too dumb. Least I doubled my investment and pulled 1/2 beforehand so I broke even...sort of.
So moral of the story: If you buy cypto don't leave it with the exchange.
Well, there's 21 million bit coin. That's all there will ever be. Of course, it can be split infinitely. So in a hundred years people maybe dealing in 1/100 bitcoin. As long as it is not made illegal, it's value is garenteed to go up because every other currency keeps expanding. (Including gold, although at a much lesser rate) When I say expanding, I mean print more. (In the case of gold, mine more) They say a certain amount of bit coin disappears because people lose the key code which makes the remaining get more valuable. It's priced at about nine grand now, but has been as high as twenty, so there's money to be made just in fluctuation. But I was thinking more along the lines of when the dollar crashes. It's likely to sky rocket then.
Right now im saying "I wish I bought it when it was $50" In ten years, I might be saying "I wish I bought it at $10,000".
Did you have a wallet? How did you pay for them? What was the process to sell? Did you buy and sell through the same outfit?
Better than 10,000 BTC for an order of two pizzas. That actually did happen.
I was going to mention that. Or at one time when watching porn you could tip cam girls with it. 25 btc for a couple minutes of up close toying. I hope a couple a handful of cam hoes got rich and have to explain to their grandkids how they got all that money.
I have some, mostly use it to deposit/withdraw from my poker account. Once I get a little stockpile saved up I use it to buy giftcards for amazon or ebay.
My wallet is setup on coinbase. Not sure how the site compares to others, but for a fee you can buy bitcoin with your visa card. Pretty easy once you get it all going. I have no idea the best method, but this way works for me. I rarely get over $1k in total investment.
Right now the way to go is Pi coin. It's in it's beginning stages and you can actually mine the Pi coins on your phone. It is currently worth nothing, but when it become a fiat currency, it will have value. Lots of people in the cryptocurrency realm are all over it.
It is actually being set up to be a real online currency, not like an investment kind of thing that Bitcoin has become.
Click this link from a cell phone: minepi.com/Kurtuleas
Need to know about playing poker. I really miss the good old days when there were tons of rooms and lots of people that really sucked playing.
What site do you use? Do you play from a state that isn't technically "legal"? If so, how? Does using crypto fix that problem? Feel free to PM if you don't want to post public. Thanks!
I use Ignition Casino (previously Bovada, they sold off their poker client) and don't think it is legal in my state. I use crypto because it's a lot easier to withdraw money, otherwise I am not sure if it makes a difference. I have also used America's Cardroom before but the fish have long ago dried up there. The fish have pretty much dried up everywhere actually so you need to be a good player to even beat the rake.
Nowadays I have found "new gamblers" are going different routes than poker. It seems a lot more young folks are playing with stocks/options now that we have several brokers who offer free trades and easy access to the market. Robinhood being the big one. Since people are betting against market makers instead of each other the free money isn't there like the good old days of poker though.