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Nikka
05-03-2017, 08:18 PM
1 BTC = $1492.87

Originally Posted by Google Expert http://gfy.com/skins/gfy/images/buttons/viewpost.gif (http://gfy.com/fucking-around-and-program-discussion/1260424-bitcoin-bitcoin-bitcoin-bitcoin-post21743839.html#post21743839)
This is correct. The price is still going to rise up significantly. I expect around $2500 in the next year-two.

ladyshemale
05-03-2017, 09:11 PM
I think 2000$ before endof the year

dakota87
05-03-2017, 09:18 PM
1 BTC = $1492.87

Originally Posted by Google Expert http://gfy.com/skins/gfy/images/buttons/viewpost.gif (http://gfy.com/fucking-around-and-program-discussion/1260424-bitcoin-bitcoin-bitcoin-bitcoin-post21743839.html#post21743839)
This is correct. The price is still going to rise up significantly. I expect around $2500 in the next year-two.




I want to get into bitcoins but haven't quite figured out how to get them. My online pharmacy stopped taking US DOLLARS and credit cards from US last year because big pharma convinced the us congress to stop allowing Americans from obtaining inexpensive pharmaceuticals.
I downloaded Bread, a bitcoin wallet, but I can't figure out how to buy the bitcoins to put in the wallet.

nysprod
05-03-2017, 09:21 PM
There's an old adage in the stock market; when grandma, cab drivers, etc. recommend buying stocks then sell all the stocks you have.

dakota87
05-03-2017, 09:30 PM
I want to get into bitcoins but haven't quite figured out how to get them. My online pharmacy stopped taking US DOLLARS and credit cards from US last year because big pharma convinced the us congress to stop allowing Americans from obtaining inexpensive pharmaceuticals.
I downloaded Bread, a bitcoin wallet, but I can't figure out how to buy the bitcoins to put in the wallet.
the pharmacy will only accept bitcoin from US customers. Does anybody know how to fund bitcoin wallet?

dakota87
05-03-2017, 09:32 PM
There's an old adage in the stock market; when grandma, cab drivers, etc. recommend buying stocks then sell all the stocks you have.
I think bitcoin has a future. I'm not so much into expecting a profit from buying bitcoins, but as a method of payment.

gaysian71
05-03-2017, 09:39 PM
At some point bitcoin value will go down. Way way way down. If you're lucky and offload it before it crashes, you will make some good money. If you hold a minute too long, you'll loose it all. I'm no big time investor. But anytime the value of anything goes up way to fast, it will eventually crash.

Nikka
05-04-2017, 03:33 PM
I think bitcoin has a future. I'm not so much into expecting a profit from buying bitcoins, but as a method of payment.

I use paxful :)

CaptainPlanet
06-30-2017, 06:57 PM
Got in not long after this thread was posted and have not looked back. Up about 5k in profits, Crypto is the new .Com so don't sleep on this get in while you can.

ETH, LTC, BTC
http://coinmarketcap.com

GroobySteven
06-30-2017, 08:12 PM
Anyone want to buy mine?

natina
07-01-2017, 09:08 PM
Anyone try mining bit coins?
You get $350/month

10 servers x $350/month=$3500/month

KelliBlueEyes
07-01-2017, 09:35 PM
Anyone try mining bit coins?
You get $350/month

10 servers x $350/month=$3500/month

Minus equipment costs and

Minus your electricity cost for running 10 servers full blast with the algorithm for a month. My understanding is that it's only profitable in places with very cheap electricity.

natina
07-01-2017, 09:51 PM
With solar power electricity is cheap

Say 40kwatts are 120Kwatts to run servers.




Minus equipment costs and

Minus your electricity cost for running 10 servers full blast with the algorithm for a month. My understanding is that it's only profitable in places with very cheap electricity.

GroobySteven
07-01-2017, 10:11 PM
With solar power electricity is cheap

Say 40kwatts are 120Kwatts to run servers.

LOL.

Look it up, if it was that profitable everyone would be doing it.

Stavros
09-16-2017, 10:00 AM
Looks like Bitcoin is a worthless investment -

Bitcoin is a fraud that will ultimately blow up, according to JP Morgan (https://www.theguardian.com/business/jpmorgan) boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.

Speaking at a conference in New York, the boss of America’s biggest bank said he would fire “in a second” anyone at the investment bank found to be trading in bitcoin. “For two reasons: it’s against our rules, and they’re stupid. And both are dangerous.”
He added: “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.

Whole of the article is here- (and widely reported in the media)
https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers

Ts RedVeX
09-16-2017, 11:38 AM
Here's what happens to bitcoin when natina runs the 120kW server in the attic xd
https://www.youtube.com/watch?v=ut5DXxK1dvk

chupapau
09-16-2017, 11:20 PM
Anyone want to buy mine?

Sure, just send them to my Whatsapp, I'll telegram you the cash. After all, what could possibly go wrong with something completely virtual?!

Dudedude12345
09-17-2017, 12:50 AM
I highly recommend using coinbase, its a service similar to PayPal that can let you commerce in either Bitcoin or in local currency.

natina
09-20-2017, 05:39 AM
1 BTC = $1492.87

Originally Posted by Google Expert http://gfy.com/skins/gfy/images/buttons/viewpost.gif (http://gfy.com/fucking-around-and-program-discussion/1260424-bitcoin-bitcoin-bitcoin-bitcoin-post21743839.html#post21743839)
This is correct. The price is still going to rise up significantly. I expect around $2500 in the next year-two.






Bitcoins took a big loss this month

natina
09-20-2017, 05:46 AM
Here's what happens to bitcoin when natina runs the 120kW server in the attic xd
https://www.youtube.com/watch?v=ut5DXxK1dvk

Excess voltage, excess current, excess wattage, high Jule, high temperature and more can cause an issue

giovanni_hotel
09-20-2017, 04:13 PM
Looks like Bitcoin is a worthless investment -

Bitcoin is a fraud that will ultimately blow up, according to JP Morgan (https://www.theguardian.com/business/jpmorgan) boss Jamie Dimon, who said the digital currency was only fit for use by drug dealers, murderers and people living in places such as North Korea.

Speaking at a conference in New York, the boss of America’s biggest bank said he would fire “in a second” anyone at the investment bank found to be trading in bitcoin. “For two reasons: it’s against our rules, and they’re stupid. And both are dangerous.”
He added: “The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.

Whole of the article is here- (and widely reported in the media)
https://www.theguardian.com/technology/2017/sep/13/bitcoin-fraud-jp-morgan-cryptocurrency-drug-dealers


Of course the boss at JP Morgan would shit on bitcoins.
I know someone who trades in bitcoins and swears they will become the digital currency of the new millennium.

I'm ambivalent and will wait until the bitcoin market is more established, but sorry if I don't take the word of Jamie Dimon as gospel.

Bitcoin is a direct threat to their business model.

filghy2
09-27-2017, 05:39 AM
There's an old adage in the stock market; when grandma, cab drivers, etc. recommend buying stocks then sell all the stocks you have.

Wise words. It's amazing how people so readily fall for the notion that they can make easy money by jumping on the latest investment bandwagon. Has everyone forgotten what happened with the housing bubble 10 years ago or the hi-tech stocks bubble almost 20 years ago?

Bitcoin appears to have the hallmarks of a fad because it has no intrinsic value, so it's really only worth what people subjectively think it's worth. In particular, it seems to be favoured by anti-government types who think that money printing is going to erode the value of central bank money - even though these people have been wrong for the past 10 years

Nikka
09-27-2017, 05:12 PM
I love when Bitcoins CEO´s jump from their buildings in Hong Kong

Gillian
09-27-2017, 08:39 PM
What's that expression?

"If you can see the bandwagon ... it's already too late."

;)

broncofan
09-27-2017, 11:38 PM
Wise words. It's amazing how people so readily fall for the notion that they can make easy money by jumping on the latest investment bandwagon. Has everyone forgotten what happened with the housing bubble 10 years ago or the hi-tech stocks bubble almost 20 years ago?

Bitcoin appears to have the hallmarks of a fad because it has no intrinsic value, so it's really only worth what people subjectively think it's worth. In particular, it seems to be favoured by anti-government types who think that money printing is going to erode the value of central bank money - even though these people have been wrong for the past 10 years
I agree with everything you're saying about it being a fad. It could do well in the long-term if it becomes more widely used, but most are probably not buying it based on fundamentals.

Its lack of intrinsic value would not be fatal to any decision to purchase it if people were really trying to value it based on how effective a medium of exchange it will be and what goods and services it's likely to be able to claim. But it should not be enough to have just a general sense that this is the wave of the future since it is not backed by commodities or a government. Again, not fatal, but it does mean purchasing them is very speculative. The dutch tulip mania is the common example for an item where people have lost all touch with the determinants of value; if there is no intrinsic value you can make money in the near term, but you have no security if people flee to safer, more readily exchangeable instruments.

Jericho
09-27-2017, 11:44 PM
In other words, don't keep all your shit in one crapper!

NikaTS
09-27-2017, 11:51 PM
My NEO gains are giving me a raging boner :jerkoff

pedman
09-29-2017, 07:45 AM
My NEO gains are giving me a raging boner :jerkoff

Would be happy to assist with said boner! 😮

Nikka
10-15-2017, 04:56 AM
THE FUTURE!!!!

YOU ARE NOT A MUTATION, YOU ARE, EVOLUTION!

https://static.comicvine.com/uploads/original/11114/111144184/4617466-3042271263-Alice.jpg

Nikka
10-31-2017, 08:43 PM
http://az.co.za/news/wp-content/uploads/2017/02/BitClub365.com-BlockChain-BitCoin-BitClub-beware-scam-pyramid-ponzi-A.png

GroobySteven
10-31-2017, 10:04 PM
I sold 1 of mine, which covered approx. 6 times more than what I got them for - and will sit on the rest for a punt.

bluesoul
10-31-2017, 11:43 PM
around 2013, i bought my mom $100 of bitcoin. she had a hard time understanding the blockchain and didn't like the instability of the currency so a few months later she wanted to sell her coins. i decided to buy them back. this was right before the mtgox fiasco happened. anyone remember that?

over the years i sold a couple, mined a couple, then kept the rest in cold storage and now sitting on what has become, a pretty sweet sum of dough. what i don't really like though is the fork that happened in august (i'm already at 15GB just keeping up with todays block) and the next hardfork is going up in november 13th.

and is anyone trading? because if you are, i'm sure you noticed the company that just traded 1000BTC on bitfinex this morning. that was (to put it mildly) a clinic in money making. i think even fan bao was blushing when he saw that go down

GroobySteven
11-01-2017, 02:15 PM
I hope you took your Mom out for dinner!

GroobySteven
11-26-2017, 06:19 PM
Just bought Naga coin which is being offered in an IPO.
Might want to look into it - pre-booking now, they have a lot of backing.

Use my code :-p

https://www.nagaico.com/?refcode=wxaztw (https://email.nagaico.com/e/c/eyJlbWFpbF9pZCI6Ik5ERTJOamM2RndGZXp3SmtBQUp6QUJjQ3 NPd2FBVl80QWd5QkZWb1lXaHJQYVFGbE9qQXhRbHBYUWsxQ1Rq Vk9RazVFVms1VU4wRXlXREl4V1ZoQ09qVTJNelUxTWdBPSIsIn Bvc2l0aW9uIjowLCJocmVmIjoiaHR0cHM6Ly93d3cubmFnYWlj by5jb20vP3JlZmNvZGU9JTI1MjU3YiUyNTI1N2JldmVudC5pY2 9faW52aXRlX2NvZGUlMjUyNTdkJTI1MjU3ZCIsImxpbmtfaWQi OjU4NzA3MzMxfQ/f539d917e48a62b52a099c3d958c693fbb8b757527cb132e65 bec8fb48012c4b)

Nikka
11-27-2017, 04:37 PM
Just bought Naga coin which is being offered in an IPO.
Might want to look into it - pre-booking now, they have a lot of backing.

Use my code :-p

https://www.nagaico.com/?refcode=wxaztw (https://email.nagaico.com/e/c/eyJlbWFpbF9pZCI6Ik5ERTJOamM2RndGZXp3SmtBQUp6QUJjQ3 NPd2FBVl80QWd5QkZWb1lXaHJQYVFGbE9qQXhRbHBYUWsxQ1Rq Vk9RazVFVms1VU4wRXlXREl4V1ZoQ09qVTJNelUxTWdBPSIsIn Bvc2l0aW9uIjowLCJocmVmIjoiaHR0cHM6Ly93d3cubmFnYWlj by5jb20vP3JlZmNvZGU9JTI1MjU3YiUyNTI1N2JldmVudC5pY2 9faW52aXRlX2NvZGUlMjUyNTdkJTI1MjU3ZCIsImxpbmtfaWQi OjU4NzA3MzMxfQ/f539d917e48a62b52a099c3d958c693fbb8b757527cb132e65 bec8fb48012c4b)


how do I cash these coins? I do know how to cash BTC

explain and I will buy some ...

bluesoul
12-01-2017, 09:39 PM
I hope you took your Mom out for dinner!

i didn't. she was happy enough that i was able to buy a house and have enough money another. maybe now i can take her out for dinner...

(when i, and if, i meet satoshi nakamoto... i will make love to him. and i'm not gay. but he will get it

CaptainPlanet
12-01-2017, 10:16 PM
how do I cash these coins? I do know how to cash BTC

explain and I will buy some ...

you would cash them out on an exchange. Usually for BTC or ETH pairing. The exchange is unknown until ICO is complete.

Stavros
12-04-2017, 12:14 PM
The latest on moves in the UK and Europe to begin controlling aspects of the BITcoin scam-
The UK and other EU governments are planning a crackdown on bitcoin amid growing concerns that the digital currency is being used for money laundering and tax evasion.

The Treasury plans to regulate bitcoin and other cryptocurrencies to bring them in line with anti-money laundering and counter-terrorism financial legislation. Traders will be forced to disclose their identities, ending the anonymity that has made the currency attractive for drug dealing and other illegal activities.

Under the EU-wide plan, online platforms where bitcoins are traded will be required to carry out due diligence on customers and report suspicious transactions.
The new rules are expected to come into effect next year.
https://www.theguardian.com/technology/2017/dec/04/bitcoin-uk-eu-plan-cryptocurrency-price-traders-anonymity

GroobySteven
12-04-2017, 05:44 PM
"BITcoin scam"

What scam?

Stavros
12-04-2017, 05:55 PM
Bitcoin may not be illegal, but it is used for illegal transactions, and is thus morally a scam. It is debatable as to how much Bitcoin is used in genuine transactions and how much is used to speculate, or to launder money, or to pay for illegal goods. Either way its days are numbered.

smalltownguy
12-04-2017, 06:33 PM
"BITcoin scam"

What scam?

All this bitcoin is a big scam, you support the network with hardware, time and electricity to process the transactions but eventually you give way more than you get! The only people who benefit from this currency are the initiators and the people causing the inflation, its a smart scam, a digital one.

GroobySteven
12-04-2017, 06:48 PM
Bitcoin may not be illegal, but it is used for illegal transactions, and is thus morally a scam. It is debatable as to how much Bitcoin is used in genuine transactions and how much is used to speculate, or to launder money, or to pay for illegal goods. Either way its days are numbered.

'Morally a scam' ?

Christ - you're the most miserable, sad sack I think we've ever had on this forum.

While BTC may have been sued in illegal transactions, so have Krugerrands, cash, and diamonds. That doesn't make it a scam - and that's not why it was created. I've done $10,000's in genuine transactions on BTC, and we were one of the first companies to take BTC on our websites, and it's been hugely successful for us.

Get back on your high horse.

GroobySteven
12-04-2017, 06:49 PM
All this bitcoin is a big scam, you support the network with hardware, time and electricity to process the transactions but eventually you give way more than you get! The only people who benefit from this currency are the initiators and the people causing the inflation, its a smart scam, a digital one.

You're an idiot - but it didn't take this one thread to come to this conclusion.

It may bottom out, it may fail, it may be a bad investment.
It's not a scam.

Stavros
12-04-2017, 07:00 PM
'Morally a scam' ?

Christ - you're the most miserable, sad sack I think we've ever had on this forum.
While BTC may have been sued in illegal transactions, so have Krugerrands, cash, and diamonds. That doesn't make it a scam - and that's not why it was created. I've done $10,000's in genuine transactions on BTC, and we were one of the first companies to take BTC on our websites, and it's been hugely successful for us.
Get back on your high horse.

Fair enough, you have been able to use Bitcoins in your business and I am chastised for the implication they are mostly used in dodgy dealings. I just don't see their use growing, and we will have to agree to disagree on that.

But I do have a sense of humour; not everything I post is grim news; I did initiate the Bad Sex Awards thread which I hope raised a laugh or two even if it didn't raise much else.

GroobySteven
12-04-2017, 07:20 PM
Fair enough, you have been able to use Bitcoins in your business and I am chastised for the implication they are mostly used in dodgy dealings. I just don't see their use growing, and we will have to agree to disagree on that.

But I do have a sense of humour; not everything I post is grim news; I did initiate the Bad Sex Awards thread which I hope raised a laugh or two even if it didn't raise much else.

I must have missed that one - but I will look.

My point is, it's not a 'scam'. Personally, I'm wary of whether it will go the distance as it is now and think it is a trend right now which is making it falsely high, but there will be cryptocurrency in our near future that we will be using. The blockchain is already helping security on other areas. I've managed to increase our income across the sites, and been lucky enough to see some raises in it (cashed out 1 at $6500 and another at $11,000) which is an average of an 800% increase, and sit on the others 'just in case'.

In Japan you can already pay your bills and do ATM transactions in BTC. There are systems getting put in place right now that will let us trade on financials, buy from almost any retail and use it like any currency.

Ts RedVeX
12-04-2017, 08:01 PM
It will only be a bad investment if you do not withdraw from it in time. - Just like anything else.

filghy2
12-06-2017, 09:19 AM
For all the hype, there's still less than 100 companies worldwide that accept bitcoin payments. https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

Here's an amazing fact - bitcoin mining uses more electricity than Ireland and a host of other countries. https://www.businessinsider.com.au/bitcoin-mining-electricity-usage-2017-11?r=UK&IR=T

So bitcoin uses lots of resources, but what exactly is the real benefit? The chance to profit from speculation is not a net benefit, as it's just a zero-sum game. This really reminds me of the high-tech bubble of the late 1990s, when internet companies were being massively valued even though they made no profits and had no real prospect of making any, as it turned out.

CaptainPlanet
12-06-2017, 10:18 AM
Fair enough, you have been able to use Bitcoins in your business and I am chastised for the implication they are mostly used in dodgy dealings. I just don't see their use growing, and we will have to agree to disagree on that.

But I do have a sense of humour; not everything I post is grim news; I did initiate the Bad Sex Awards thread which I hope raised a laugh or two even if it didn't raise much else.

Steven beat me to it,
Cash has been used more for illegal transactions/dealing then Bitcoin ever will. Your just uneducated in what Bitcoin is, there is plenty of sources on the internet besides porn you should check em out.

CaptainPlanet
12-06-2017, 10:20 AM
For all the hype, there's still less than 100 companies worldwide that accept bitcoin payments. https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/

Here's an amazing fact - bitcoin mining uses more electricity than Ireland and a host of other countries. https://www.businessinsider.com.au/bitcoin-mining-electricity-usage-2017-11?r=UK&IR=T

So bitcoin uses lots of resources, but what exactly is the real benefit? The chance to profit from speculation is not a net benefit, as it's just a zero-sum game. This really reminds me of the high-tech bubble of the late 1990s, when internet companies were being massively valued even though they made no profits and had no real prospect of making any, as it turned out.

Most bitcoin users know mining bitcoin at this point is pretty dumb unless your running a factory in china, but there are numerous other crypto currencies that are mineable and profitable.

filghy2
12-06-2017, 11:06 AM
Most bitcoin users know mining bitcoin at this point is pretty dumb unless your running a factory in china, but there are numerous other crypto currencies that are mineable and profitable.

Okay, but they are only profitable because people are willing to pay for something that has no intrinsic value. What underpins that demand other than use of these currencies for illegal activity or speculation and a degree of faddishness? For instance, 97% of bitcoin transactions last year were from China and appear to be related to evading currency controls, which the Chinese government has since cracked down on.
https://www.moneyandbanking.com/commentary/2017/12/3/bitcoin-and-fundamentals

At the end of the day, the value of any currency derives solely from the fact that others accept it as a medium of exchange for things we want. For central bank money, this is underpinned by legal tender laws. What advantage do crypto-currencies offer for legitimate transactions?

GroobySteven
12-06-2017, 03:18 PM
For all the hype, there's still less than 100 companies worldwide that accept bitcoin payments. https://99bitcoins.com/who-accepts-bitcoins-payment-companies-stores-take-bitcoins/


Well that's a bit disingenuous. What it's missed out is the myriad of companies taking Bitcoin through a processor. It's a bit like saying, here's a list of companies who take credit cards - and missing out all the ones that use Paypal, Worldpay, CCBill, etc. The are 1000's of other vendors taking Bitcoin (mostly online). For example, why isn't Grooby or GroobyVR on the above list?

filghy2
12-07-2017, 01:03 AM
Okay, but it still seems to be only a tiny fraction of sellers. https://www.bloomberg.com/news/articles/2017-07-12/bitcoin-acceptance-among-retailers-is-low-and-getting-lower

What I don't understand is what is the advantage of using bitcoin for payments unless there is a particular need for secrecy. Does Grooby do more business because it accepts bitcoin payments, for example?

Nikka
12-14-2017, 04:53 AM
http://i67.tinypic.com/m833oh.jpg

Tapatio
12-14-2017, 05:44 AM
http://i67.tinypic.com/m833oh.jpg

Props to anyone who has made money on this and a question for anyone holding it:

Will you tell me what you think is backing BTC and what you think the value of BTC represents?

Nikka
12-24-2017, 12:09 AM
.........................

krissy4u
12-24-2017, 06:31 PM
.........................

I saw the big drop and the first person i thought of was you... I'm still holding onto mine.

CaptainPlanet
12-27-2017, 10:05 AM
I saw the big drop and the first person i thought of was you... I'm still holding onto mine.
that drop was nothing, but a great opportunity to make more money buying cheap coins =]

Nikka
02-12-2018, 09:26 PM
https://steemitimages.com/DQmPNGT2W6hkD5eEh4c7CMGEEHq2siCLSke75g11YTfEGL5/Bitcoin-Market-Cycle.gif

bluesoul
02-12-2018, 11:04 PM
its cute, but if you don't understand crypto, you're always on the outside. now, look at the sheep:


https://www.youtube.com/watch?v=6C92hlLWHjE

Nikka
04-11-2018, 06:43 PM
20k by the end of the year

https://i.imgur.com/MtX0VeG.png

CaptainPlanet
04-11-2018, 08:49 PM
The newbs got wrecked who chased the fomo. Long term holders are doing just fine.

smalltownguy
04-11-2018, 08:52 PM
The newbs got wrecked who chased the fomo. Long term holders are doing just fine.

long term holders will always be holders ..of it ..will not be able to gain anything from it ..i guess

holzz
04-11-2018, 09:04 PM
bitcoin prices had fallen lately. that said, crypto has abig future, but i won't keep it as a major part of any portfolio.

i'm not investment guru/advisor, but i guess it depends on one's goals.

filghy2
04-12-2018, 05:08 AM
Whether crypto-currencies and associated technology have a future is a separate question from whether the market value of bitcoin is justified. People who said during the tech boom 20 years ago that the internet had a big future were right, but that did not prevent high tech stocks from crashing a couple of years later.

goatman
04-12-2018, 04:31 PM
bitcoin prices had fallen lately. that said, crypto has abig future, but i won't keep it as a major part of any portfolio.

i'm not investment guru/advisor, but i guess it depends on one's goals.

Current cost?

Nikka
04-12-2018, 05:47 PM
1k up in 24 hours
about to explode!

http://fuckingnikki.com/gfy/terror.gif

CaptainPlanet
04-12-2018, 07:00 PM
long term holders will always be holders ..of it ..will not be able to gain anything from it ..i guess

no sure what you mean? If I exchange into fiat im pretty sure I gained profits "Capital Gains"

holzz
04-12-2018, 08:57 PM
Current cost?

1068874

Paladin
04-13-2018, 04:14 AM
When you can walk in to any new car dealership with say 4 $7k bitcoins and buy a $28,000 with the bitcoins is when it will be an accepted currency. I don't see that happening.

MrFanti
04-13-2018, 04:46 AM
Makes me wonder how that Naga Coin that Steven mentioned is doing?

smalltownguy
04-13-2018, 05:31 AM
no sure what you mean? If I exchange into fiat im pretty sure I gained profits "Capital Gains"

which fiat are you talking about ? and how would it effect gains ?

Jia_westladyboy
04-13-2018, 07:23 AM
Well done Nikka .. 1k uhmhm_

So funny as i was surprised yesterday, to see Btcusd moving up fast and hitting my Buy Order, which i had placed from about 2 weeks_
I was looking on the Net the reason why Bitcoin shoot up so fast and found out that it surged more than 10% as soon as an institution announced that Btc were compliant with Islamic religious laws...
And while googling the word "bitcoin price rise reasons" .. Google came up with this HA thread too....;-)
0----===---0
There are a few ways to deal with bitcoins and one can also "Selling" Bitcoins without owning them yet, without a wallet, and make profit too
Bitcoins buying/selling is nothing but the speculation of the price movement between Bitcoin and Usd, or Gbp/Aud/Eur...
Also BtcUsd does not need to be bought trough brokers and banks where they say no commission and they
charge with more spreads.. _ It is possible to buy BitCoins fractions too_

You can trade BtcUsd on your own and no need to invest thousands and it is enough to start with a small 200/300Usd account_
Normally online Btcusd Buy/sell is advertised with spread starting from (7500-points) =$70/£52, however it is also possible to have
spreads starting from (7500-points) = $7/£5.20

What this means.. assuming you are using a spread of £52, as soon as you place your order to buy_or_sell trough the platform,
the system will start to calculate a minus £52 = 750.0.points, from your account ..._
as the price advances in your direction the total will get to "0" so now you are break even, and the spread is paid already ..
...As the price further moves towards your direction ... price will be.. +65 / +73... etc ... for example when you reach +750.0 points
then you have +£52... @ +1500.0 points your gains are +104 _@ +30000 points gains are = +208 and so on ...
The reverse is also true and losses could be substantial for the reckless ppl who don't use the Stop Loss protection etc ...

BitCoins and recently Etherum Coins/Usd, have paid for my transition and paid for all my Thailand Trips
For tgirls, could be a nice alternative to something different and possibly lucrative, and also why not ... a nice way not to get bored
while waiting for C*lls ;-)
For tgirls lovers ... could also be good and anyone will think what to do _

There are a couple of good platforms that could be used, and for those who want to see how they get on with Btcns_

In fact speculation is so cool that you can place an order in the morning before going to work, and check thing at evening time
when you back, or if you are too anxious, then do what i do, and check remotely your Pc with your smartphone, or even play
with it with on your smart-phone ._./ or check it after a month if you are more of a set and forget person_

I am a fan of making money while sleeping, even little, and not so easy to do, but there are ways to achieve that_
Thought i would give this tip for those who always believed that to buy a BitCoin you need a online marketplace
or a crypto currency exchange, or the middle man brokerage firm, or even buying them trough one of the 86 bitcoin Atm machine

Safe haven assets like Jpy also worth to take a look into_........................_


Luv this century
J_V

filghy2
04-13-2018, 08:04 AM
which fiat are you talking about ? and how would it effect gains ?

Fiat currency is currency issued by the central bank, so is referring to cashing in his bitcoin. He must have got in early when the price was even lower, which is no help to anyone thinking about investing now.

The long-term issue is that the value of bitcoin can only be justified if it becomes a widely-used means of payment, which will only happen if it offers advantages for buyers and sellers over alternative means of payment. None of the bitcoin spruikers seems able to provide a convincing explanation for why this will happen.

I've never made a payment with bitcoin as I can see no good reason to do so, but I understand it's still pretty inconvenient, even though it's been around for over 9 years. There are other competing crypto-currencies and central banks will probably start issuing their own at some point. All of that suggests that bitcoin is never likely to account for than a small fraction of payments.

CaptainPlanet
04-13-2018, 08:56 AM
which fiat are you talking about ? and how would it effect gains ?

USD.

@filghy2
not sure what my timing has to do with anyone investing. Of course its a lot of DYOR and my gains were not off BTC alone, more in ICOs and ALT coins.

filghy2
04-13-2018, 09:46 AM
I assume that your reference to capital gains means that you are currently sitting on unrealised gains; ie current price is above your purchase price. My point is simply that past performance is no guide to future performance, which is the best piece of investment advice going.

bluesoul
04-13-2018, 07:07 PM
The newbs got wrecked who chased the fomo. Long term holders are doing just fine.

what exactly do you mean by this? it's kinda confusing because nobody "holds" btc (excepts idiots i guess) so do you mean people who bought into btc early and kept trading?

there's been 4 forks that would have fucked your finances not to mention how unstable the currency is that would make your statement false: unless you mean someone that is getting bitcoin illegally (very difficult- but there has been an $8 million sum missing from the ledger since 2013 so... ) you wanna explain yourself pal?

Nikka
04-24-2018, 06:04 AM
Ommggggggg $9200 !

Nikka
05-03-2019, 05:23 PM
going up!!!!!

Ziggy33
05-04-2019, 07:36 AM
Bitcoin has a great future ahead. Things will get exciting soon. Fortune 500 companies, google, Facebook, amazon...they are all jumping on board. I’ve been in it heavy since the high in Dec of 17. I’ve learned to adapt, short, buy the dips. It’s been an exciting journey. The bulls will be back, and when they do...$$$$$$

Nikka
04-29-2020, 06:51 PM
oleeeeeeeeeeeeeeeeeeeeeeeeeeeee today!

Nikka
11-05-2020, 06:30 PM
Ommggggggg $9200 !


and today 15,400 , told you so=?????

obslam
11-05-2020, 07:20 PM
Difficult to believe there's still people falling for this.

GroobySteven
11-05-2020, 08:04 PM
and today 15,400 , told you so=?????

Yep - I made some nice money today.

Nikka
01-03-2021, 11:47 PM
U saw it?

Abartig
01-04-2021, 05:44 AM
from 11-05-20 -
and today 15,400 , told you so=?????

yes you did . . .

1 Bitcoin equals
33,371.30 United States Dollar
Jan 4, 3:34 AM UTC

doubled in 2 months, wow

Nikka
03-29-2021, 09:57 PM
from 11-05-20 -

yes you did . . .

1 Bitcoin equals
33,371.30 United States Dollar
Jan 4, 3:34 AM UTC

doubled in 2 months, wow


57,000 now !!!

soon 100,000 and I read a paper of 400,000 prediction

Jackal
03-30-2021, 04:25 AM
So, how can I, as an American, buy a fraction of a bitcoin this week?

GroobySteven
03-30-2021, 10:44 AM
So, how can I, as an American, buy a fraction of a bitcoin this week?


https://www.binance.com/en/register?ref=36378463

Nikka
03-30-2021, 03:03 PM
So, how can I, as an American, buy a fraction of a bitcoin this week?


yes you can!!!

Stavros
04-09-2021, 07:42 PM
Interesting article on the 'mining' of Bitcoins and whether or not it is sustainable owing to the amount of electricity/computing power required to calculate global transactions of this currency.

https://www.independent.co.uk/climate-change/news/bitcoin-mining-environment-electricity-climate-b1829065.html

Stavros
04-13-2021, 04:02 PM
If one bitcoin is worth £44,000, how much does it cost to buy a glass of tea in Turkey?

"The neighbourhood teahouse is a focus of daily life across Turkey (https://www.theguardian.com/world/turkey), an Ottoman tradition that has endured through the centuries. At the Red Lightning teahouse in Çorum, the enterprising owners have one foot in the past and one in the future: it’s the first in the country where customers can pay in bitcoin (https://www.theguardian.com/technology/bitcoin).

“Everyone we know in Çorum is starting to invest in cryptocurrency. We think that in five years or so regular currency will be in decline, it will be replaced by digital ones. So we wanted to be in a good position now,” said co-owners Hüseyin Nalcı, 38, and Kerem Kutay Yıldırım, 28."
https://www.theguardian.com/world/2021/apr/13/turkeys-economic-turmoil-drives-bitcoin-frenzy

filghy2
04-15-2021, 05:10 AM
This article on Coinbase, a platform for trading in cryptocurrencies, may be of interest.
https://www.vox.com/recode/22383757/bitcoin-coinbase-ipo-crypto-ethereum-cryptocurrency

I've always assumed that these currencies were a vehicle mainly for speculation or for people who had particular reasons for secrecy in their financial transactions. How convenient is it to make payments in bitcoin compared to more conventional means?

Stavros
04-15-2021, 05:32 AM
This article on Coinbase, a platform for trading in cryptocurrencies, may be of interest.
https://www.vox.com/recode/22383757/bitcoin-coinbase-ipo-crypto-ethereum-cryptocurrency

I've always assumed that these currencies were a vehicle mainly for speculation or for people who had particular reasons for secrecy in their financial transactions. How convenient is it to make payments in bitcoin compared to more conventional means?

Thanks for this link to an interesting article. It seems to me that Bitcoin is not so much a currency but a means for people with capital to 'trade' on the basis that the value goes up or down, and you buy Bitcoin when the price is low and sell it when it is high, which at the moment seems to mean 'buy now because the price is on an upward trend'. It is not the same as buying Dollars or Sterling because those are currencies that are based on real things. Thus one question for me is -can I buy a laptop with Bitcoin at a lower price than in Sterling? For what is the point of Bitcoin as a currency if I cannot purchase goods (or services) with it? But it must also be 'value for money'. It comes back to the question i asked above in the article on Turkey -how much in Bitcoin does it cost to buy a glass of tea in Istanbul? And is it legal in Turkey to pay in Bitcoin rather than Lira? I can't pay for a flat white in Caffe Nero in the UK with Bitcoin.

The death of Madoff provokes the thought that Bitcoin is reallly just another Ponzi scheme.

filghy2
04-15-2021, 10:04 AM
And is it legal in Turkey to pay in Bitcoin rather than Lira? I can't pay for a flat white in Caffe Nero in the UK with Bitcoin.

As I understand it, legal tender means that people are obliged to accept that currency as payment but are not precluded from accepting other currencies. The owner of Caffe Nero does not want to accept other currencies because there would be additional costs and inconvenience in converting them back into pounds. In third world countries, however, more people are willing to accept US dollars or euros because they don't have much faith in their own currency.

The problem with the argument that (private) digital currencies will replace regular currencies is that this assumes central banks will just sit back and allow themselves to become irrelevant. Obviously they will issue their own digital currencies at some point, which will tend to undermine the market for private currencies. Digital currencies and their associated technology may be the way of the future, but this does not necessarily mean that Bitcoin will be the way of the future.

Nikka
03-14-2023, 07:34 PM
Going up!!!

Nikka
03-18-2023, 01:15 PM
to the mooooooooooooooooooooooooooooooooooooooonnnnn

last_stop
03-20-2023, 09:14 AM
no one is falling for this shit again Nikka. :p

Luke Warm
03-20-2023, 10:36 AM
Ponzi scheme. These crypto companies charge themselves lower prices to buy, before they put their products on the open market for higher prices. And when they sell off their personal bitcoin, they are trading their vapor for other peoples’ hard currency. That tells you everything you need to know. But don’t worry, they’ll watch your bitcoin assets for you. It’s such a scam.

Nikka
01-10-2024, 06:24 PM
here is my reff link when you buy your bitcoins

https://noones.com/?r=nikkiladyboys

Mirgofino
01-10-2024, 06:34 PM
I have a rule about certain things. If I cannot figure out how they work it is not transparent enough. Bitcoins belong on the list of not transparent enough.

Nikka
02-28-2024, 05:47 PM
$60,000 today

you lose :dead::dead:

Stavros
02-28-2024, 06:42 PM
$60,000 today

you lose :dead::dead:

Is that cash in your bank account, as in 58,788,600.00 Chilean Pesos?

Nikka
02-28-2024, 06:55 PM
Is that cash in your bank account, as in 58,788,600.00 Chilean Pesos?

nope, I have it in noones.com, then I can sell a piece of bitcoin and I get it on my bank, but not soon , I am waiting for $100,000

GroobySteven
02-28-2024, 10:17 PM
Ponzi scheme. These crypto companies charge themselves lower prices to buy, before they put their products on the open market for higher prices. And when they sell off their personal bitcoin, they are trading their vapor for other peoples’ hard currency. That tells you everything you need to know. But don’t worry, they’ll watch your bitcoin assets for you. It’s such a scam.

LOL.
Go read a book, or just put you cone hat on and go back to the corner