I do not know enough about cyber currencies to invest in them. I do know about physical materials to invest in (land, horses, guns, and machines). Their value in monetary means may fluctuate, but their physical value or survival value never changes.
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I do not know enough about cyber currencies to invest in them. I do know about physical materials to invest in (land, horses, guns, and machines). Their value in monetary means may fluctuate, but their physical value or survival value never changes.
Give back more to this world than we take.
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The drug and sex trades are probably what is keeping cash afloat. The Feds don't need to track everyone, just the the people with enough legitimacy to make them afraid to lose what they have by becoming criminals. It's like the Proles in 1984; they have more "freedom" because they are extended almost no state service.Originally Posted by HipoGear
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https://www.cnbc.com/2017/08/02/bitc...-currency.html
A new digital currency called "bitcoin cash" was created yesterday by the splitting of the bitcoin blockchain.
•Everyone who held bitcoin before the split was entitled to receive the same number of "bitcoin cash" tokens.
•The price of the new token has rallied nearly 200 percent from around $214 to $628.
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I am going to dispense the best advice I can, buy some Bitcoin. Do not dump the rent money, but buy some Bitcoin. Spend no mre than you would a really smoking weekend with your wife. Hold for 10 years. Have a smoking weekend with your wife every weekend. Bitcoin is the internet in 1990.
Metal Recycling Entrepreneur
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Curious as to why now? Don't you think it might be a bit too late?
My Dad bought 6 way back when it was on it's initial climb up. Then it fell hard but he has held on to it. I'm not certain but I think his initial investment was something like $400. I should have listened to him then. But now, at $4,000 per, kind of feels like a bubble only because there are so many other crypto currencies available now.
So sock it to me, what is the current thinking on buying now?
Last edited by HipoGear; 08-29-2017 at 08:26 PM. Reason: Add to it
Copper, brass, and Leather. 3 of my favorite things.
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Not many people know but we are mining at the shop, quite heavily invested at this point, also very very secretive. My coinbase grows faster than AMD stocks did last year lol.
By the way, I am capable of payments via bitcoin, always have been, but nobody asks.
WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!
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To clarify, bitcoin's ultimate ceiling is driven by it's effective real world conversion, in other words, only so many "bitcoins" exist. As the currency is used more and more and accepted at more retailers, it too grows, it is counter-inflationary as well because unlike our banking system, the only way to get more bitcoin is to hash and mine more, and the difficulty increases with time making hashing out a bitcoin WAAAAAY more difficult, further increasing it's value...
There is a science behind it, it's a bit over my head lol.
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Because it is still in the beginning. I did not say to invest everything you have, I said what you would spend on a wild weekend. You do not have to buy an entire coin, you can buy pieces of coin. $4,500 is still nothing compared to the projected value of what the coin will be worth. Yes, it looks like Bitcoin has run up on a tear, but this tear is just beginning. We are entering a new paradigm that started with the proliferation of computers. We are at the start of the industrial age, only this transition is going to be spectacularly fast. I am still on the fence as to whether the end product will be good or bad, but, in my opinion, this is one change that you can see coming. Currency that is not controlled by government is as big a change as information that is not centrally controlled.
Your choice, gamble a small amount to have the possibility to wind up with a big win, or no, and look back at this conversation in three years as the price of Bitcoin eclipses 100K.... Or in three years, look back on having done the same thing with $200 you did with the $200 beer you drank.
Metal Recycling Entrepreneur
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I may just have to send you a small order (small only because I don't have much at the moment) to get paid in Bitcoin. I need to find my wallet information first. That is very cool.
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I have enough in bitcoin right now to make a few single box transactions. And I agree, bitcoin is still in it's infant stages. But like I said before, because bitcoin is considered a finite commodity, it's trade price is based on expected holdings, mining difficulties and the ultimate effective hash rates around the world. Figure bitcoin accounts for roughly .004% of the total gdp in trade. Just one major retailer like amazon adoption would mean an over time trade price in excess of 40k a coin, if not more. It's the nature of crypto, it's how it works, generating finite resources and using them as commodities, similar to how the gold standard kept the value of the dollar in check.
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Very few investments rise continuously with no pullback.
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Last edited by hobo finds; 11-29-2017 at 11:28 AM.
Better than the dump!
Experienced Scrapper
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I bought a small amount of bitcoin about two weeks ago and it's crazy how fast its increased in value. I'm extremely scared of a bubble right now, and I'm at a crossroads as to what I want to do. I want to hold onto it and hope that it keeps increasing at the rate it is now, then pull out in a few years when the value has stabilized, but I also want to pull my money now while I'm in the green and before the obvious bubble pops. Not too sure what I'm going to do yet. Thankfully I don't have very much money into it right now, but the risk is still there.
Made in China, Recycled in the Republic of Texas!
"When the mind fails, brute force prevails" - CTSSolutions
Cash In The Trash
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Right now it's a game of "biggest fool". The price keeps going up as folks continue to buy more "coin", while those that already own "coin" are encouraging as many folks as possible to by into the scheme.
Sooner or later folks are going to try cashing out their "coin". Pretty much everyone on this forum should know what happens when an asset bubble pops.
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Time will tell. The computer industry and connectivity has made more millionaires than any social and industrial revolution in history. It is the blockchain technology pioneered by bitcoin that is the true bitcoin play. Don't bet the farm, but throw a pig or two at it.
Metal Recycling Entrepreneur
Bitcoins are worthless, you basically waste electricity to "mine" them. Only a few legal places take them as payment, and they are easy to lose. Many of the early mined coins have been lost forever which keeps people from dumping them. Imaginary commodities are for the smart to rob the poor. The funny thing is old stock certificates from defunct railroads and the like at least look cool and can be framed, what are you going to do with a ewallet of bitcoins in 50 years when the pyramid scheme collapses (assuming your hard drive or flashkey still works)?
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Cash out before then...
Plus that sounds like all currency world wide. So when SHTF you only need a few things. Guns, casings, gun powder, lead, shelter, food, and water.
Everything else is extra.
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Fair enough. You should not buy any.
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