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What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 1:53 am
by _karl61
To start, here is a super funny video someone created about cryptocurrency.
https://www.reddit.com/r/CryptoMarkets/ ... h=3fa3e6ccI've been trying to figure this thing out. It seems easy, right? Just buy $100.00 worth at 0.00012 and sell 8 years later at $1.00. But it also seems like if you do make a million and it evaporates over night from an outside or inside hack, you can't call the SEC or or some other agency, it's just gone. Who would have jurisdiction over the matter. Today, something like five hundred million disappeared from an exchange in Japan. I hear big banks have the basic idea of it and are going to tweak it for their advantage. I know if I send just a couple hundred dollars from an account from one bank to an account in another bank, it cost me three dollars and it takes a few days.
I've been watching Ripple during the last month. You should be in really good health when you invest in cryptocurrency because you could see your fortune lose half its value in a few hours.
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 2:37 am
by _MeDotOrg
I don't know what's the smallest amount you can buy, but I would put my toe is the water for a couple of months before investing anything you can't afford to lose.
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 4:51 am
by _Choyo Chagas
in real life - now, today - near all; at least most of money is someway 'crypto'.
the bank(s) send us a paper about our money, monthly.
in the shops, we hold a driver license sized card to a blinking gadget, then the never-existed, never-ever-seen money migrates from under one number to under another.
sometimes weeks roll by without touching any real money.
anyway, i always have some coins in my pocket. dogs raise their back legs on our shoe if we have no money...
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 1:44 pm
by _Doctor CamNC4Me
Other than being frustrated with the fact that I can't time travel back to 2003 and mine millions of Bitcoins I think cryptocurrency is an unsecured bond that is our day's Tulip trade.
https://en.wikipedia.org/wiki/Tulip_maniaThe above wiki entry is really worth the read. In fact, I recommend going down the Google rabbit hole for 1/2 an hour. It's very interesting.
So. Yeah. If I had bigger balls I would've gotten into it, but I have a terrible history with picking winners when I'm gambling and I feel like it's gambling.
- Doc
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 3:14 pm
by _Maksutov
https://www.cnbc.com/2017/12/06/meet-cr ... -100k.htmlFrom the article:
Meet CryptoKitties, the $100,000 digital beanie babies epitomizing the cryptocurrency mania
Players have spent the equivalent of $6.7 million and counting buying CryptoKitties, which can sell for as much as $114,481.59, according to third-party research from developer Niel de la Rouviere.
The ethereum-based kitten trading and breeding game clogged the digital currency's network this week, delaying at least one token sale and forcing CryptoKitties to raise its fees.
"From a high level, abstract point of view, this stuff is almost digital artwork, if you will. It doesn't have any inherent value other than what you think it's worth," said Joey Krug, co-chief investment officer at Pantera Capital, one of the earliest investors in bitcoin.
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 7:54 pm
by _moksha
Ethereum is pure evil since it has more than doubled the cost of video cards. It must be stopped!
Re: What are your thoughts on cryptocurrency?
Posted: Sat Jan 27, 2018 8:41 pm
by _EAllusion
This was quite possibly the greatest thing ever:
http://ponzicoin.co/home.html#our-servicesBut it just recently had to be shut down as things were gettin' out of hand.
Re: What are your thoughts on cryptocurrency?
Posted: Mon Jan 29, 2018 2:51 pm
by _Doctor Steuss
I mine altcoins. My mining computers that I built have paid for themselves, so at this point it's just profit. I sell off enough every month to cover power usage, and then keep the rest in exchange accounts.
Takes the stress out of investing when you are essentially printing your own money.
Re: What are your thoughts on cryptocurrency?
Posted: Mon Jan 29, 2018 3:02 pm
by _SteelHead
I should have bought $100 of Bitcoin 8 years ago when I thought about it. I could've told retired....