Winner, winner, chicken dinner! Tulips were the first speculative bubble. The means change, but, the idiots are constant. “A fool and his money are soon parted”
ND: Anyone Else Riding This Cryptocurrency Wave?
- Thread starter SchittyDawg
- Start date
Agreed I would say ethereum is probably the safest play but it's all rolling the dice. It's been insane though the last 12 months.
Honestly, everyone should buy a little at this point.
On Coinbase you can make autopayments. I have it set to buy $10 of ETH and Bitcoin a day, works as a savings account.
On Coinbase you can make autopayments. I have it set to buy $10 of ETH and Bitcoin a day, works as a savings account.
My best friend cashed out 2.5 million in bitcoin over the last two weeks. This same guy also owns a Lamborghini and a Tesla. He still has over 60,000 BTC from when he started mining. Anyone that says it’s not worth anything or that it’s going to crash soon has no clue.
Here is what you will learn about the market.
You haven't made a penny until you have sold it.
You haven't made a penny until you have sold it.
Heard the same thing about 30A property near Watercolor from my friends 15 years ago. Your friend is smart - he knew to cash out. Just don’t call it investing - it is gambling - musical chairs.
I am using my Bitcoin to buy other companies outside of the mainstream ones using Binance and Bitterex.
I own NEO, ZRX, RDN, GVT. These are secondary companies that on the blockchain. They trade at a 20 Million or less Marketcaps. Think dot.com bubble. When they get found they will explode. 100-500% returns overnight. Anyone else doing the same? Feel free to email me. vick.bhatia@gmail.com. Would love to share notes.
I own NEO, ZRX, RDN, GVT. These are secondary companies that on the blockchain. They trade at a 20 Million or less Marketcaps. Think dot.com bubble. When they get found they will explode. 100-500% returns overnight. Anyone else doing the same? Feel free to email me. vick.bhatia@gmail.com. Would love to share notes.
Would I pay $15-20 k for bitcoin no I wouldn’t. But as long as there are peeps who will I will spend around $100 a day on power in order to get a bitcoin every 15-20 days. If that’s a fool I will gladly wear that title
So he's sitting on a billion dollars, but would rather roll the dice? Why not close out half your position at 500million and still have 30k btc to ride the wave?
This is a farce. There is NOTHING physical backing Bitcoin. Nothing. "Technology"? What technology? is nothing but vapor.
It's a mirage. A farce. It's only a means of transferring money. Nothing more. Just like checks. Does the paper written on have some value beyond the currency promised? Nope. Have some folks gotten rich trading Bitcoin or the options? Sure some do in any mania. Do some win a lotto? Yep. Bitcoin is a mania at the moment. Good luck. Hope you win at the roulette wheel.
Until the mania crashes and your hard dollar investment goes to near zero.
Bitcoin in fixed. The actual float is very small and people aren't selling what they have. Thats why you see these huge moves. If you have no availability and people keep buying you see rapid moves.
Maybe we need to talk about fiat currencies and what they are backed by
Look up the blockchain. It's as simple as that. I was skeptical for years (always a gold and silver guy) until I saw a presentation by Patrick Byrne of Overstock.com talking about the blockchain technology and it's application.
I understand the skepticism, but there's a reason major financial investment's are being made throughout the crypto industry.
Yeah, and I've got a 1920's gold mine stock certificate on my wall worth a couple mil, too. It's hanging right beside my Confederate States of America "bonds" ... "guaranteed" in Confederate Dollars. Tossing the Total BullSh!T and Personal Foul Smell Flags here. Post a pic of the cash in USD when you collect.
You're free to be skeptical. But I turned seven grand into 17k. Biggest mistake was cashing out most of it, but part of the payday went to two national title tickets so I'm okay with that.
I buy lotto tickets occasionally, too, but I swore off gambling many years ago. Glad you collected. Many very bright people think most will likely lose their asses.
I have nothing to prove to you or anybody else someone asked I answered and could care less your thoughts. It’s not real hard to do a little homework and see at today’s prices it’s not real hard to understand even for you.
If you don’t understand this picture, you are fuc$ed. If you do understand this picture, you are smart enough to not be in Bitcoin.
Yeah, you don’t understand supply & demand.
The tulip market wasn’t trading an enduring good in a global market.
Those bright people also tend to have skin in the game for it to tank (bankers, gold salesmen, etc.)
Bitcoin could fall as better technology has risen, but it won't sink crypto anymore than the dot com bubble damaged the Internet long term.
Stormin pretty sure this is a pointless conversation. Especially those that have gold mine stocks and think it’s a vapor.
What's your set up like for mining and on a weekly or monthly basis how many coins do you get?
As far as equipment I run Bitmain S9 antminers and with 20 I get a coin roughly every 18 days. The problem now is with the price spike in bitcoin people are asking stupid prices for the miners. I bought mine for less than $1200 each power supplies included. Had a friend trying to buy from bitmain recently and they didn’t have any available at this time but will probably have more in Jan. Hope this helps
If interested I can give you some dos and dont’s and advise you about mining pools and that type stuff. Super simple but things you need to know that will maximize your profits
Was just curious. We have a client who runs 250 rigs 24 hours a day in a warehouse out in NYC. Not sure what he is using, but averages 1 coin a week.
He is using old equipment then. The new S9 run around 13.8 th/s. It sounds like he is running s5 to me.
It is a trading platform. Nothing more. I love it when everyone claims it is a "revolutionary technology", but no one can explain what the benefit of the end product is. The original design was for it to be a digital currency, but no one transacts in currencies that have 50% swings in a single day. In the past I've tried day trading stocks and options, I've traded currency pairs and commodity futures. They all work for a while, and then they don't. When they don't, you lose a lot of money fast. I've found I get the best results with growth stocks that have strong fundamentals and that I hold medium to long term. Not sexy, but it works. I don't worry about picking highs and lows, if you get the right stock, but time it wrong, growth usually bails you out in the long run. Bitcoin and other crypto currencies will end badly, and the people who held too long won't get bailed out. If you currently hold Bitcoin or other cryptos for a net gain, consider yourself lucky and get out.
Lol, OK smart guy, tell me the real life benefits of crypto currencies. You have told me they are well defined, but you haven't told me what they are. I expect the currency of a third world country to have wild fluctuations, but not a currency that is used for transactions.
