What are your thoughts on cryptocurrency?

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_karl61
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What are your thoughts on cryptocurrency?

Post by _karl61 »

To start, here is a super funny video someone created about cryptocurrency.

https://www.reddit.com/r/CryptoMarkets/ ... h=3fa3e6cc

I'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.
I want to fly!
_MeDotOrg
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Re: What are your thoughts on cryptocurrency?

Post 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.
"The great problem of any civilization is how to rejuvenate itself without rebarbarization."
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_Choyo Chagas
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Re: What are your thoughts on cryptocurrency?

Post 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...
Choyo Chagas is Chairman of the Big Four, the ruler of the planet from "The Bull's Hour" ( Russian: Час Быка), a social science fiction novel written by Soviet author and paleontologist Ivan Yefremov in 1968.
Six months after its publication Soviet authorities banned the book and attempted to remove it from libraries and bookshops.
_Doctor CamNC4Me
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Re: What are your thoughts on cryptocurrency?

Post 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_mania

The 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
Last edited by Guest on Sat Jan 27, 2018 8:44 pm, edited 1 time in total.
In the face of madness, rationality has no power - Xiao Wang, US historiographer, 2287 AD.

Every record...falsified, every book rewritten...every statue...has been renamed or torn down, every date...altered...the process is continuing...minute by minute. History has stopped. Nothing exists except an endless present in which the Ideology is always right.
_Maksutov
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Re: What are your thoughts on cryptocurrency?

Post by _Maksutov »

https://www.cnbc.com/2017/12/06/meet-cr ... -100k.html

From 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.
"God" is the original deus ex machina. --Maksutov
_moksha
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Re: What are your thoughts on cryptocurrency?

Post by _moksha »

Ethereum is pure evil since it has more than doubled the cost of video cards. It must be stopped!
Cry Heaven and let loose the Penguins of Peace
_EAllusion
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Re: What are your thoughts on cryptocurrency?

Post by _EAllusion »

This was quite possibly the greatest thing ever:

http://ponzicoin.co/home.html#our-services

But it just recently had to be shut down as things were gettin' out of hand.
_Doctor Steuss
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Re: What are your thoughts on cryptocurrency?

Post 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.
"Some people never go crazy. What truly horrible lives they must lead." ~Charles Bukowski
_SteelHead
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Re: What are your thoughts on cryptocurrency?

Post by _SteelHead »

I should have bought $100 of Bitcoin 8 years ago when I thought about it. I could've told retired....
It is better to be a warrior in a garden, than a gardener at war.

Some of us, on the other hand, actually prefer a religion that includes some type of correlation with reality.
~Bill Hamblin
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