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Anybody own bitcoin?

WaterH

WaterH

Well-known member
Joined
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602
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North Florida
Every so often I look into this. So far I've been scared off by complexity of buyin it. Anybody took the plunge?
 
ArTi54N said:
its kinda late to jump in with hopes of making money... hahaha
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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".
 
I bought a few of them when they were around $1k and sold at $17k. I am waiting for them to drop again to buy more.
 
Yes, we buy 3-4 different crypto currencies several times a month. It's not an investment, it's a rainy day fund. The way the dollar is going, it could be useful. We plan to not participate in a one world currency when it comes to that.
 
DMG said:
I bought a few of them when they were around $1k and sold at $17k. I am waiting for them to drop again to buy more.
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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?
 
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 don't have any, I don't want any

yes, the amount of bitcoin is capped, but the amount of competing crypto currencies that can be brought to market to compete for market share is infinite, like Porsche and ford and everybody else coming into teslas EV market, maybe he made the demand, but others can fulfill the supply.

it was supposed to be this anonymous currency outside of the system, but it's not, the .Gov usd closing in on it. Kinda suspicious that an anonymous satoshi whatever the fuck creates the perfect currency you can commit fraud, sell drugs, buy children with, whatever, but then it turns out they can actually track you, trojam horse? Trap?

also, it could be a piece in the war on cash, cash is anonymous, it is necessary for freedom, I'm suspicious that this is a play to do away with cash and make small exchanges tracked, regulated, taxed. And if you step out of line, you get shutoff. 1984

From an investment standpoint, it's already run from $20 to almost 20k. When a :mr-t: lists his 04 impala with 22s and a trash bag rear window for sale, and says he'll take bitcoin or other "cryptoZ" you're late to the party, it's late in the cycle, the mania has already arrived and you need to find something to invest in that nobody has heard of.

What's the quote, "I don't know what weapons ww3 will be fought with, but ww4 will be fought with sticks and stones"?
In 100 years we're more likely going to be trading in seashells than bitcoin

I'd rather buy a skid steer, in 30 years it'll still be useful
 
WaterH said:
Every so often I look into this. So far I've been scared off by complexity of buyin it. Anybody took the plunge?
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I bought a good bunch at around $100 and $632, and I sold it at $9,000 and $6,000 back in.... 2018?

No I'm not a millionaire.

I don't own any more of it. It's a volatile market, you could make money on it but it's sooooooo full of half-assed 'Entrepreneurs'.

Also China and Russia are known to control a good deal of the market now. So however much you trust them is how much you trust Shitcoin.
 
woods said:
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.
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Better than 10,000 BTC for an order of two pizzas. That actually did happen.
 
Paladin said:
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. :homer:
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If this was after Mt. Gox controversy you learned a very painful lesson. I mean you did before hand but if it was after Mt. Gox got cracked, you really mucked up.
 
WaterH said:
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".
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It is already being dealt with in granularity of less than 1/100th. The whole 'deflationary' thing was a scam.

I wish I had invested $10,000 in it when it was under $100, but I didn't. Still, I made out and bought some stuff with it.
 
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.
 
WaterH said:
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?
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I bought on coinbase by wire transfer from my bank account. I can’t remember what my wallet is called. Beware if you buy it, is fairly high right now.
 
evernoob said:
Better than 10,000 BTC for an order of two pizzas. That actually did happen.
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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.
 
JR4X said:
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.
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Most of them are trying to remember their codes or even where they put their old PC. There is going to be a billion in btc living in landfills at some point.
 
Anybody looked at bitcoin lately? Back in early march it was under 4,000, now its over 18,000.
 
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
 
Sign up for Coinbase, it's really not difficult to get into nor is it hard to make money on. Any time the block chain is about to split people start buying like crazy.

Now is def not the time to buy into Bitcoin though. I'm fully expecting it to drop off when it hits 20k like it did a couple years ago. That said, watch the other cryptos on coin base, they tend to follow Bit.

I haven't really had the money to fuck with it personally, though I made a fair amount off it a couple years ago. Spent like $500 on it when it was at $10k, pulled that $500 out as it went up, sold all the profit off when Bit hit $20k and then dumped the profit from that into Ethereum and Litecoin and sold those when they hit their highs in early 2018. Ended up making like $4k off $500 and really only risked losing the $500 for like a week or so before I was able to pull that back out.

Like anything else, if you can identify trends and have the discipline not to panic sell you can make some real money on crypto in general.
 
I bought 25 when they were at $32 and sold them at ~$300 per cause "There's no way these things are more than a fad." $18K you say....that sucks.
 
quarters_ninja said:
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.
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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!
 
Kurtuleas said:
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
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This link is much better

Refer friends to join Pi Network I am sending you 1π! Pi is a new digital currency developed by Stanford PhDs, with over 9 million members worldwide. To claim your Pi, follow this link https://minepi.com/2bigbronco and use my username (2bigbronco) as your invitation code.
 
Sceep said:
That link is shit! I could edit it for you but heres a better

https://minepi.com/2bigbronco and use my username (2bigbronco) as your invitation code.
.
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avatar188_1.jpg

:flipoff2:
 
GarScramb said:
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!
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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.
 
quarters_ninja said:
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.
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That's disappointing to hear. I have actually been looking at some of the old forums a bit this afternoon and see a lot of people saying what you are. Lots of bots and cheating going on everywhere it looks like. Guess I will have to just live with my weekly live tournament/occasional cash game. Thanks for the info.
 
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