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343
FortWayneAsNancyPelosiHaircut
2019 Jul 11, 3:26pm
FortWayneAsNancyPelosiHaircut
2019 Jul 11, 3:26pm
Dude CryptoCurrency is like magical beans to most people. Shit is useless. Might as well buy snake oil from a door to door salesman.
344
Onvacation
2019 Jul 11, 3:42pm
Onvacation
2019 Jul 11, 3:42pm
Newbie123 says
Edited and taken out of context. What he actually said, "almost noone uses Bitcoin for payments, they use it more as an alternative to gold really it's a store of value it's a speculative store of value like gold". Don't be disingenuous.
WookieMan says
Yes newbie what is your strategy? You have claimed to buy the dips and dollar cost average; which is it?
Since you want to remain obscure can you at least tell us how many figures are in your crypto holdings? Tens of thousands? Hundred thousands? Millions? R U gonna be a bitcoin billionaire?
Today’s hearing. FED chairman Powell: “Bitcoin is a store of value. Like gold”
Edited and taken out of context. What he actually said, "almost noone uses Bitcoin for payments, they use it more as an alternative to gold really it's a store of value it's a speculative store of value like gold". Don't be disingenuous.
WookieMan says
You also haven’t given any information on your positions, when you’ve bought, how much you hold, etc. Just childish YouTube videos and links to piss poor articles.
Yes newbie what is your strategy? You have claimed to buy the dips and dollar cost average; which is it?
Since you want to remain obscure can you at least tell us how many figures are in your crypto holdings? Tens of thousands? Hundred thousands? Millions? R U gonna be a bitcoin billionaire?
345
Onvacation
2019 Jul 11, 3:52pm
Onvacation
2019 Jul 11, 3:52pm
Newbie123 says
He was trying to explain why people use it.
Are you gonna answer any questions? It might be educational if you would analyze your actions and consider if you are investing in digital gold or FOMO?
If that’s the case than why did Jerome Powell call bitcoin “store of value” and not “snake oil”?
He was trying to explain why people use it.
Are you gonna answer any questions? It might be educational if you would analyze your actions and consider if you are investing in digital gold or FOMO?
346
Onvacation
2019 Jul 11, 9:20pm
Onvacation
2019 Jul 11, 9:20pm
Newbie123 says
So how many figures are in your crypto holdings? Tens of thousands? Hundred thousands? Millions?
Cryptocurrency is a virtual asset and a speculative gamble backed by the zeros and ones on your flash drive unlike gold which is also a speculative gamble but is backed by a dense shiny metal which is a real asset.
my strategy is dollar cost avg and buying the dips.
So how many figures are in your crypto holdings? Tens of thousands? Hundred thousands? Millions?
Cryptocurrency is a virtual asset and a speculative gamble backed by the zeros and ones on your flash drive unlike gold which is also a speculative gamble but is backed by a dense shiny metal which is a real asset.
347
Onvacation
2019 Jul 12, 10:28am
Onvacation
2019 Jul 12, 10:28am
Newbie123 says
No. He said that some people use it as a store of value, like gold.
Newbie123 says
Does that make ethereum digital silver?Newbie123 says
Doubtful. For one, there is not enough to go around. Second, most people are smarter than to invest in it.
The FED chairman Jerome Powell seems to disagree with you on that. He called it a store of value in yesterday’s hearing.
No. He said that some people use it as a store of value, like gold.
Newbie123 says
Many describe bitcoin as digital gold.
Does that make ethereum digital silver?Newbie123 says
Will it become part of the average investment portfolio in the near future?
Doubtful. For one, there is not enough to go around. Second, most people are smarter than to invest in it.
348
WookieMan
2019 Jul 12, 10:52am
WookieMan
2019 Jul 12, 10:52am
Newbie123 says
Who gives a flying fuck about what the FED chairman says about bitcoin? He was asked a question and gave out a random answer. He gives ZERO shits about bitcoin. The fact you're putting any weight into his words is stunning. The dude literally has probably spent 2 minutes in his life thinking about bitcoin.
Newbie123 says
Sounds like your confidence is waning over the spreadsheet known as bitcoin and crypto.
The FED chairman Jerome Powell seems to disagree with you on that. He called it a store of value in yesterday’s hearing.
Who gives a flying fuck about what the FED chairman says about bitcoin? He was asked a question and gave out a random answer. He gives ZERO shits about bitcoin. The fact you're putting any weight into his words is stunning. The dude literally has probably spent 2 minutes in his life thinking about bitcoin.
Newbie123 says
Will it become part of the average investment portfolio in the near future? We’ll see.
Sounds like your confidence is waning over the spreadsheet known as bitcoin and crypto.
350
Onvacation
2019 Jul 14, 4:41pm
Onvacation
2019 Jul 14, 4:41pm
When the last bitcoin is "mined" (sometime in 2040 due to bitcoin's artificial scarcity scheme) the "miners" will have to depend on transaction fees to keep it going.
351
Onvacation
2019 Jul 14, 4:42pm
Onvacation
2019 Jul 14, 4:42pm
The ultimate goal of the gotcoiners/ coinlovers is for cryptos value to overtake gold (it's already more valuable than all the silver in the world) and then to supplant all the world's fiat currency. At that point the patient, disciplined, coiners will cash out and buy stuff.
Did I get it right?
Did I get it right?
352
WookieMan
2019 Jul 14, 8:43pm
WookieMan
2019 Jul 14, 8:43pm
Newbie123 says
Good. Finally getting to the bottom of this. You’re guessing.
Also, thought you didn’t use exchanges? Coinbase Pro? Wtf?
It will be another asset class besides gold is my guess.
Good. Finally getting to the bottom of this. You’re guessing.
Also, thought you didn’t use exchanges? Coinbase Pro? Wtf?
353
FortWayneAsNancyPelosiHaircut
2019 Jul 14, 8:55pm
FortWayneAsNancyPelosiHaircut
2019 Jul 14, 8:55pm
Newbie123 says
Bitcoin is not the same. Real gold is hard to extract from the ground, there is physical limitations on the amount of it. And I wouldn't even invest into it, because why buy something that does nothing. Bitcoin is just artificial thing, some guy somewhere can flip a switch and create a billion more, it's like video game gold, putting real money into it is for suckers in my opinion.
Lots of upside for Bitcoin. Bitcoin is digital gold.
Bitcoin is not the same. Real gold is hard to extract from the ground, there is physical limitations on the amount of it. And I wouldn't even invest into it, because why buy something that does nothing. Bitcoin is just artificial thing, some guy somewhere can flip a switch and create a billion more, it's like video game gold, putting real money into it is for suckers in my opinion.
354
CBOEtrader
2019 Jul 14, 9:31pm
CBOEtrader
2019 Jul 14, 9:31pm
FortWayneIndiana says
Goldbugs are the most misguided investors of all, IMHO.
And I wouldn't even invest into it, because why buy something that does nothing.
Goldbugs are the most misguided investors of all, IMHO.
355
CBOEtrader
2019 Jul 14, 9:36pm
CBOEtrader
2019 Jul 14, 9:36pm
FortWayneIndiana says
Not how it works. Mining is the process of creating more BTC and there is a limit for how much will be created.
I'm not a huge BTC believer for reasons stated above. Summary: BTC is clunky to exchange, w few extra values outside of being a decentralized crypto.
XRP hasn't done as well lately, but XRP is directly connected to a very valuable exchange infrastructure allowing it to provide a much more fundamental value.
Ultimately I think the world will use XRP as one piece of a new exchange system that compete w the petro-dollar. If you pay attention , you can find dozens of central banks and worldwide power players getting behind the potential of XRP.
some guy somewhere can flip a switch and create a billion more
Not how it works. Mining is the process of creating more BTC and there is a limit for how much will be created.
I'm not a huge BTC believer for reasons stated above. Summary: BTC is clunky to exchange, w few extra values outside of being a decentralized crypto.
XRP hasn't done as well lately, but XRP is directly connected to a very valuable exchange infrastructure allowing it to provide a much more fundamental value.
Ultimately I think the world will use XRP as one piece of a new exchange system that compete w the petro-dollar. If you pay attention , you can find dozens of central banks and worldwide power players getting behind the potential of XRP.
356
FortWayneAsNancyPelosiHaircut
2019 Jul 15, 9:56am
FortWayneAsNancyPelosiHaircut
2019 Jul 15, 9:56am
CBOEtrader says
I don't know how it works, it's too technical for me, or what are the software requirements to earn coins. But as a laymen I see anything on a computer that can be easily duplicated if needed without any hassle. Maybe there are restrictions now, but it's software and restrictions can be lifted as needed.
If they could print kitchen cabinets, they would, but they don't have physical assets or logistics. There is cost it's not a repeatable process.
Bitcoins or whatever video game currency, it's just a piece of software that can be modified as needed if they need another billion. It's backed by nothing.
That's just how I see it. I know it's not very technical, but I am 100% guaranteed to stay out of any virtual gambling. I know a gal who made 20k actually, she bought some coins when they were a couple of dollars long ago, and sold when there was that bubble, bought herself a new car. But I know a bunch of people who lost money (so that our gal can buy a new car).
Not how it works. Mining is the process of creating more BTC and there is a limit for how much will be created.
I don't know how it works, it's too technical for me, or what are the software requirements to earn coins. But as a laymen I see anything on a computer that can be easily duplicated if needed without any hassle. Maybe there are restrictions now, but it's software and restrictions can be lifted as needed.
If they could print kitchen cabinets, they would, but they don't have physical assets or logistics. There is cost it's not a repeatable process.
Bitcoins or whatever video game currency, it's just a piece of software that can be modified as needed if they need another billion. It's backed by nothing.
That's just how I see it. I know it's not very technical, but I am 100% guaranteed to stay out of any virtual gambling. I know a gal who made 20k actually, she bought some coins when they were a couple of dollars long ago, and sold when there was that bubble, bought herself a new car. But I know a bunch of people who lost money (so that our gal can buy a new car).
357
Onvacation
2019 Jul 15, 10:29am
Onvacation
2019 Jul 15, 10:29am
FortWayneIndiana says
Most crypto buyers think they will get rich. Reality is they will just pay for someone's car.
a bunch of people who lost money (so that our gal can buy a new car).
Most crypto buyers think they will get rich. Reality is they will just pay for someone's car.
358
WookieMan
2019 Jul 15, 12:27pm
WookieMan
2019 Jul 15, 12:27pm
Onvacation says
Newbie did by his own admission from 2017. Unfortunately all his posts are complete bs lies. And if he did invest he’s broke now. Trying to pump from the 30% dip from $20k (dollars lol). Lost his ass and disappeared for almost 2 years.
FortWayneIndiana saysa bunch of people who lost money (so that our gal can buy a new car).
Most crypto buyers think they will get rich. Reality is they will just pay for someone's car.
Newbie did by his own admission from 2017. Unfortunately all his posts are complete bs lies. And if he did invest he’s broke now. Trying to pump from the 30% dip from $20k (dollars lol). Lost his ass and disappeared for almost 2 years.
359
Onvacation
2019 Jul 16, 7:02pm
Onvacation
2019 Jul 16, 7:02pm
Newbie123 says
If you can find a greater fool for your good junk.
plan on selling a good junk when we see new ATH’s.
If you can find a greater fool for your good junk.
360
Onvacation
2019 Jul 16, 7:06pm
Onvacation
2019 Jul 16, 7:06pm
Newbie123 says
Because they got no money?
Time to buy the dip bitcoin under $9500.
Why do Bitcoiners want to own a Lambo?
Because they got no money?
Time to buy the dip bitcoin under $9500.
362
WookieMan
2019 Jul 17, 9:06am
WookieMan
2019 Jul 17, 9:06am
rootvg says
I wouldn’t give the pump and dump troll food. I finally scanned through his comment history. He lost his ass in Dec. 2017 “to the moon” fakery. If he’s telling the truth that he actually has btc, he was buying at $15-$16k based on his own comments here.
Then disappeared from here for almost 2 years and is probably still holding the bag hoping to break even on a bad bet and $$$$ sitting idle at a loss not generating income for almost 2 years because he thought it was coming back. All while he missed out on a solid stock market, where there’s legally required disclosures so you know what you’re actually investing in.
But hey, btc is decentralized. You have no idea who holds it and how much. And the super secure blockchain that can be manipulated by a miner crashing the “value” and trust in a “currency” no one actually uses as a currency.
It’s stunning how naive some are. You’d likely do better buying $10k worth of lotto tickets than speculating in btc. Actually, I’d bet there are faaaarrrr more lotto millionaire versus btc. You at least know your odds and the government won’t attempt to ban it in our lifetimes.
You don't invest in Bitcoin. You speculate with it.
I wouldn’t give the pump and dump troll food. I finally scanned through his comment history. He lost his ass in Dec. 2017 “to the moon” fakery. If he’s telling the truth that he actually has btc, he was buying at $15-$16k based on his own comments here.
Then disappeared from here for almost 2 years and is probably still holding the bag hoping to break even on a bad bet and $$$$ sitting idle at a loss not generating income for almost 2 years because he thought it was coming back. All while he missed out on a solid stock market, where there’s legally required disclosures so you know what you’re actually investing in.
But hey, btc is decentralized. You have no idea who holds it and how much. And the super secure blockchain that can be manipulated by a miner crashing the “value” and trust in a “currency” no one actually uses as a currency.
It’s stunning how naive some are. You’d likely do better buying $10k worth of lotto tickets than speculating in btc. Actually, I’d bet there are faaaarrrr more lotto millionaire versus btc. You at least know your odds and the government won’t attempt to ban it in our lifetimes.
364
RWSGFY
2019 Jul 17, 1:43pm
RWSGFY
2019 Jul 17, 1:43pm
Newbie123 says
Exactly. There is no proof you hold any of it and/or no evidence your cost basis is lower than the current price. For all we know you are one of these sorry fucks who bought at the last top and now desperately trying to pump that shit to get out and dump it on the next sucker.
Where are the fucking screenshots of your holding and transactions?
Crickets.
Hugo, That’s easy to determine. You just compare your cost base to your portfolio value based on current price minus expected taxes
Exactly. There is no proof you hold any of it and/or no evidence your cost basis is lower than the current price. For all we know you are one of these sorry fucks who bought at the last top and now desperately trying to pump that shit to get out and dump it on the next sucker.
Where are the fucking screenshots of your holding and transactions?
Crickets.
365
Onvacation
2019 Jul 17, 1:49pm
Onvacation
2019 Jul 17, 1:49pm
Newbie123 says
How about a round number? $20,000 $50,000 $100,000? About how much is your
Newbie123 says
Worth approximately? Are you a player or just another cryptofool?
If you are too lazy to enter the data
How about a round number? $20,000 $50,000 $100,000? About how much is your
Newbie123 says
portfolio
Worth approximately? Are you a player or just another cryptofool?
366
Onvacation
2019 Jul 17, 1:53pm
Onvacation
2019 Jul 17, 1:53pm
Newbie123 says
Crypto wallets don't hold coins.
A lot of suckers go for the terminology: "coins", "mining", "currency", "digital gold", "wallet"
I wonder if you even understand how blockchain works?
your coins are stored on a hardware wallet
Crypto wallets don't hold coins.
A lot of suckers go for the terminology: "coins", "mining", "currency", "digital gold", "wallet"
I wonder if you even understand how blockchain works?
367
Onvacation
2019 Jul 17, 2:02pm
Onvacation
2019 Jul 17, 2:02pm
Newbie123 says
So we can tell how big a fool you are.
Why would I want to prove to someone what I bought, hold or sold? What would be a reason/benefit for me to do that?
So we can tell how big a fool you are.
368
FortWayneAsNancyPelosiHaircut
2019 Jul 17, 2:06pm
FortWayneAsNancyPelosiHaircut
2019 Jul 17, 2:06pm
Newbie, no investor ever tells others how to make a fortune. Because if it was so simple, you'd do it yourself and be so filthy rich you wouldn't even post for yourself. But yet here you are, probably broke too, begging others to join your losses.
This isn't an idiot forum where people will just believe you just because you said something. Reminds me of this scammer we had locally who used similar tactic selling multi level marketing stuff.
This isn't an idiot forum where people will just believe you just because you said something. Reminds me of this scammer we had locally who used similar tactic selling multi level marketing stuff.
369
Onvacation
2019 Jul 17, 2:37pm
Onvacation
2019 Jul 17, 2:37pm
Newbie123 says
Libra is an idea in development that will use a new programming language. The proposed data structure does not use blocks like bitcoin. The proposed facebook coin has little in common with bitcoin.
This is all academic as Libra is vaporware at this point.
Libra is not on a blockchain
Libra is an idea in development that will use a new programming language. The proposed data structure does not use blocks like bitcoin. The proposed facebook coin has little in common with bitcoin.
This is all academic as Libra is vaporware at this point.
371
Onvacation
2019 Jul 17, 3:16pm
Onvacation
2019 Jul 17, 3:16pm
Newbie123 says
What makes you think that? What makes bitcoin valuable?
Again, I don't expect any answers. Ignorance is bliss until it kicks you in the wallet.
Yes I do believe bitcoin will go up in value over time (a lot).
What makes you think that? What makes bitcoin valuable?
Again, I don't expect any answers. Ignorance is bliss until it kicks you in the wallet.
372
Onvacation
2019 Jul 17, 3:19pm
Onvacation
2019 Jul 17, 3:19pm
Newbie123 says
I too enjoy trolling. It's fun seeing the cognitive dissonance when you present some people with facts.
it’s fun.
I too enjoy trolling. It's fun seeing the cognitive dissonance when you present some people with facts.
373
WookieMan
2019 Jul 17, 3:21pm
WookieMan
2019 Jul 17, 3:21pm
Newbie123 says
51% attack. Explain why it can’t destroy bitcoin? Explain why a government, especially the US couldn’t drop a couple billion and out mine anyone else and essentially destroy the blockchain in the process? $30 billion is getting a snickers bar for the US government and it likely wouldn’t have to be approved by Congress if it’s for “national security.” What “miner” could compete with that capital?
Not one and you know it. Counter this fact with something intelligent.
FortWayneIndiana saysNewbie, no investor ever tells others how to make a fortune. Because if it was so simple, you'd do it yourself and be so filthy rich you wouldn't even post for yourself. But yet here you are, probably broke too, begging others to join your losses.
This isn't an idiot forum where people will just believe you just because you said something. Reminds me of this scammer we had locally who used similar tactic selling multi level marketing stuff.
Johnwayne,
I am not here to sell anything. Yes I do believe bitcoin will go up in value over time (a lot). And I am not trying to make others believe anything. I said multiple times I am not here to convince anybody.
I am entertained by the lack of knowledge (crypto) and I do correct people if they are wildly incorrect. I also get a kick out of what bitcoin haters post. Again, I have zero issue with you saying bitcoin is s...
51% attack. Explain why it can’t destroy bitcoin? Explain why a government, especially the US couldn’t drop a couple billion and out mine anyone else and essentially destroy the blockchain in the process? $30 billion is getting a snickers bar for the US government and it likely wouldn’t have to be approved by Congress if it’s for “national security.” What “miner” could compete with that capital?
Not one and you know it. Counter this fact with something intelligent.
374
Onvacation
2019 Jul 17, 3:25pm
Onvacation
2019 Jul 17, 3:25pm
Newbie123 says
Why? Do you expect to sell it to the next greatest fool or the last greatest fool?
But for belief, bitcoin is worthless. At least with silver and gold you get to hold a "barbarous relic".
I am accumulating more.
Why? Do you expect to sell it to the next greatest fool or the last greatest fool?
But for belief, bitcoin is worthless. At least with silver and gold you get to hold a "barbarous relic".
376
WookieMan
2019 Jul 17, 3:46pm
WookieMan
2019 Jul 17, 3:46pm
Newbie123 says
Are you this dense? You can’t have any gains either if you don’t sell! Wtf are you even talking about at this point? Pump, pump, pump said your dad to your sister. Jesus.
You can’t have any losses if you don’t sell.
Are you this dense? You can’t have any gains either if you don’t sell! Wtf are you even talking about at this point? Pump, pump, pump said your dad to your sister. Jesus.
379
Onvacation
2019 Jul 21, 8:11am
Onvacation
2019 Jul 21, 8:11am
How you gonna make digital gold into wedding rings?
Can bitcoin exist without REAL silver and gold?
A fool and his (sorry for assuming gender) money are soon parted.
Can bitcoin exist without REAL silver and gold?
A fool and his (sorry for assuming gender) money are soon parted.
380
WookieMan
2019 Aug 1, 3:31am
WookieMan
2019 Aug 1, 3:31am
Newbie123 says
Right? I mean right? Jesus, he's unlistenable. Was there not a better bitcoin pumper they could have found?
The WWII cigarette analogy destroyed this "debate" around 19:00. Right?
This guy seriously just argued around 27:00 that you should trust a google search algorithm. lol! Right?
I'm not a gold bug, but Schiff destroys this guy. Right?
The debate is useless though without anyone disclosing their holdings. Both are pumping what they want to increase in price. Although I'd take gold before bitcoin...
Right?
Pretty entertaining to watch. I do like Peter Schiff....and his gold card.
Right? I mean right? Jesus, he's unlistenable. Was there not a better bitcoin pumper they could have found?
The WWII cigarette analogy destroyed this "debate" around 19:00. Right?
This guy seriously just argued around 27:00 that you should trust a google search algorithm. lol! Right?
I'm not a gold bug, but Schiff destroys this guy. Right?
The debate is useless though without anyone disclosing their holdings. Both are pumping what they want to increase in price. Although I'd take gold before bitcoin...
Right?
381
WookieMan
2019 Oct 20, 6:49pm
WookieMan
2019 Oct 20, 6:49pm
Anonymous.... lol. I guess 300 people will just defend themselves in court that their child pedo habit was totally anonymous? They got the wrong guy? One reason I like bitcoin, dipshit's will think it's anonymous and we can throw their asses in jail. Another reason the value will continue to drop long term. Illicit fucks won't trust it anymore.
https://www.technologyreview.com/f/614578/bitcoin-surveillance-helped-feds-take-down-a-massive-child-porn-site/
https://www.technologyreview.com/f/614578/bitcoin-surveillance-helped-feds-take-down-a-massive-child-porn-site/
« First « Previous Comments 343 - 382 of 521 Next » Last » Search these comments
Hi guys,
I'd like to start a conversation on crypto-currency, particularly Bitcoin.
What do you all think about it from an investment point of view today? I have some buddies in the finance world who are quite bullish on it and claim we are just scratching the surface. Judging by the recent performance, they may be right.
For people who are investing in Bitcoin, what are you using to invest and what recommendations do you have for a new investor?
Also, how are gains taxed compared to typical stock market gains?
I read this week that over 100,000 merchants in the USA are accepting Bitcoin today.
At the same time, digital currency does scare me a bit as it seems so abstract. Curious what PatNet thinks.
Thanks guys!