bitcoin
Moderator: Referees
Re: bitcoin
John McAffee LOL
Look up his murderous home in San Pedro and Corazol drug lab. Belizean adventures lol.
Look up his murderous home in San Pedro and Corazol drug lab. Belizean adventures lol.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
- 5thhorseman
- MVP
- Posts: 1011
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.griz wrote:Did you get some bitcoin?
Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.
Re: bitcoin
When you hear that some criminals have used bitcoin, keep in mind that some criminals have also used USD/CAD.5thhorseman wrote:Not yet, but it is interesting reading. I can see it growing in value as the trading network and user base expands, but I wonder if there might be a clampdown someday due to the organised crime element.griz wrote:Did you get some bitcoin?
Definitely. The more ways to earn the better! CME is starting bitcoin futures in a week or two and that should open it up to a LOT more people.5thhorseman wrote:Still got to research some more, but it's also possible to make 2x, 5x, or 10x your money on stocks, so bitcoin is not the be all and end all.
John McAffee, Trump, Boeser and Bitcoin rocks!
Re: bitcoin
Interesting look at bitcoin and the power consumption needed to keep it going.
https://arstechnica.com/tech-policy/201 ... explained/
Comments section actually is interesting for once...
https://arstechnica.com/tech-policy/201 ... explained/
Comments section actually is interesting for once...
Re: bitcoin
Whatever you do, always give 100 %!
Except when donating blood.
Except when donating blood.
Re: bitcoin
Current price: $3565....
Somebody made a shitload of money. I'm guessing many more lost a shitload.
- 5thhorseman
- MVP
- Posts: 1011
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
Yeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
Re: bitcoin
I wonder if short selling was a possibility?
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
- 5thhorseman
- MVP
- Posts: 1011
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
I got sucked into a pump and dump early on in my investing career. Only a few grand lost; seemed a lot at the time but now it's small change for the lesson I learned.
Re: bitcoin
What little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.5thhorseman wrote: ↑Thu Feb 14, 2019 11:06 amYeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
That being said, there were people in Holland in the 1600's that built fortunes trading tulip bulbs.
https://www.investopedia.com/features/c ... ashes2.asp
The earliest known financial speculation bubble.
If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.
Whatever you do, always give 100 %!
Except when donating blood.
Except when donating blood.
Re: bitcoin
I know people who made millions on Bre-X. I was prompted by my broker to buy in at $12, I declined because I didn't trust a project booming like that in a country controlled by the Suharto clan. Sooner or later they would get their cut and things would get messy.Per wrote: ↑Fri Feb 15, 2019 4:16 amWhat little I understood made me stay away. It's a currency. Currencies fluctuate. When more people want more of a specific currency, the value goes up. When less people want it, the value goes down. It seems highly implausible that any currency would increase in value indefinitely. Even less so a currency that is not propped up by any government or central bank. It looked like a big bubble, and bubbles are prone to bursting.5thhorseman wrote: ↑Thu Feb 14, 2019 11:06 amYeah, don't invest in something you don't even remotely understand. Wonder if griz got out in time.
That being said, there were people in Holland in the 1600's that built fortunes trading tulip bulbs.
https://www.investopedia.com/features/c ... ashes2.asp
The earliest known financial speculation bubble.
If you get in early, and get out before the inevitable crash, you can do quite nicely. But it is a hell of a risk.
Once you start reading about these things in a newspaper it's usually too late to join.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
Re: bitcoin
Whatever you do, always give 100 %!
Except when donating blood.
Except when donating blood.