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11-16-2018, 05:15 AM
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#106
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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$5,535 this morning.
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I attract money, I attract money...
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11-16-2018, 09:11 AM
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#107
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Registered User
Join Date: Mar 2013
Posts: 5,414
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it'll be done by the end of the year I'd guess
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11-26-2018, 08:47 AM
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#108
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Registered User
Join Date: Feb 2006
Location: Houston Tx.
Posts: 3,130
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Bit coin hovering around $4,000.00 today.
https://www.ccn.com/bitcoin-price/
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Laboratory rats are susceptible to drug addiction, obesity, diabetes, heart disease and cancer.
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11-26-2018, 11:14 AM
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#109
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Registered User
Join Date: Mar 2015
Location: Diez meses en Port St. Lucie, FL; two months in the Dominican Republic
Posts: 4,355
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Bitcoin - the S & H green stamps of the 21st century.
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"But don't ask me what I think of you, I might not give the answer that you want me to. "
Fleetwood Mac, Oh Well, Part 1 (1969)
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01-26-2019, 07:05 AM
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#110
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Mike Schultz
Join Date: Oct 2010
Location: North Carolina
Posts: 2,234
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Bitcoin is now worth less than the cost to mine it according to JP Morgan. If true, and there is no incentive to mine (verify transactions), how does it not go to zero?
https://www.yahoo.com/finance/news/b...105331363.html
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I attract money, I attract money...
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04-14-2019, 09:58 PM
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#111
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
Originally Posted by Fager Fan
Yes and no. One can say that putting their money in anything but the mattress means they're gambling, but they could even lose the money in the mattress if they're robbed.
I guess we're "gambling" every day with our lives as we drive a car or board a plane or cross a street or eat a cheeseburger.
So we can take it all to the extreme, but we generally know what we're talking about when we talk about investing and gambling and the differences between the two.
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This is why you may think of cryptos as ridiculous or terrible bets. Maybe its because you know very little about them? It seems a lot of banks are signing on to the block chain technologies .....
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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04-14-2019, 10:04 PM
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#112
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
Originally Posted by Fager Fan
He doesn't even realize the issue with such an increase. Unless it's very stable, it won't be a currency.
As straight currency, would the used car dealer take a $14,700 valued bitcoin over $14,700 in cash? No. It's too volatile. That's in addition to now having to find an auction house to accept bitcoins to buy his next car at auction and utility companies doing the same to pay his bills.
It's playing musical chairs. I'm happy with the fact I won't be left without a chair when the music stops.
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Seems Lamborghini dealer disagrees..... https://www.cnbc.com/2018/02/07/bitc...ocurrency.html
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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04-14-2019, 10:50 PM
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#113
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Quintessential guru
Join Date: Mar 2001
Posts: 11,254
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Quote:
Originally Posted by newtothegame
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The only value bitcoin has to the car dealer is the value of the exchange rate.
“We do not really take bitcoin, we do not speculate on [the] exchange rate,” Frigerio says, a point being driven home by bitcoins’ recent plunge. “We just facilitate the owner of bitcoin by running the transaction through a payment service. Similar [to] using Apple Pay or PayPal, or running foreign currency though a foreign exchange financial institution in order to receive U.S. dollars.”
https://www.cnbc.com/2018/02/07/bitc...ocurrency.html
__________________
A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent of others for essential, particularly military, supplies.
George Washington
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04-14-2019, 10:54 PM
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#114
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Veteran
Join Date: May 2014
Location: Lincoln, NE
Posts: 11,474
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I'm simply amazed that people invest in BitCoin and Tesla.
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04-14-2019, 11:02 PM
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#115
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
Originally Posted by Show Me the Wire
The only value bitcoin has to the car dealer is the value of the exchange rate.
“We do not really take bitcoin, we do not speculate on [the] exchange rate,” Frigerio says, a point being driven home by bitcoins’ recent plunge. “We just facilitate the owner of bitcoin by running the transaction through a payment service. Similar [to] using Apple Pay or PayPal, or running foreign currency though a foreign exchange financial institution in order to receive U.S. dollars.”
https://www.cnbc.com/2018/02/07/bitc...ocurrency.html
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Actually, if you read further, you would see that "Michael’s Auto Plaza in Albany, New York, also began accepting bitcoin payments through BitPay in December".
Either way though, the point is that cryptocurrency is definitely a possibility. Banks are looking at block chains, etc etc. The IMF is even talking about regulations....
So, I do not believe its a Ponzi scheme. Now again, this does not mean that I have went and mortgaged the house or may substantial buys. Its just an opinion.....
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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04-15-2019, 12:29 AM
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#116
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Quintessential guru
Join Date: Mar 2001
Posts: 11,254
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Quote:
Originally Posted by newtothegame
Actually, if you read further, you would see that "Michael’s Auto Plaza in Albany, New York, also began accepting bitcoin payments through BitPay in December".
Either way though, the point is that cryptocurrency is definitely a possibility. Banks are looking at block chains, etc etc. The IMF is even talking about regulations....
So, I do not believe its a Ponzi scheme. Now again, this does not mean that I have went and mortgaged the house or may substantial buys. Its just an opinion.....
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I don't think it is a ponzi scheme. The problem is what is its value. Currency issued by a government is backed by the credit of the government. Whose credit is backing the value of bitcoin?
The true value of currency is what goods can you exchange for the currency. Bitcoin is sort of like the coins issued by the Continental in John Wick movies.
__________________
A free people ought not only to be armed, but disciplined; to which end a uniform and well-digested plan is requisite; and their safety and interest require that they should promote such manufactories as tend to render them independent of others for essential, particularly military, supplies.
George Washington
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04-15-2019, 01:40 AM
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#117
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Quote:
Originally Posted by Show Me the Wire
I don't think it is a ponzi scheme. The problem is what is its value. Currency issued by a government is backed by the credit of the government. Whose credit is backing the value of bitcoin?
The true value of currency is what goods can you exchange for the currency. Bitcoin is sort of like the coins issued by the Continental in John Wick movies.
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You could make the same argument about other investments like (stocks). They have a value that is sometimes insanely low or high. Look at Berkshire Class A....
I do agree that crypto's are a bit more of a long shot and more speculative. Thats why the gains can and have shown to be much greater. Same for Risk.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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04-15-2019, 09:20 AM
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#118
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Registered User
Join Date: Apr 2008
Location: Louisville
Posts: 278
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We started accepting Bitcoin and Bitcoin Cash for ADW deposits through Bitpay last july. Just in case anyone wants to divest :P
https://www.bloodhorse.com/horse-rac...tcoin-deposits
__________________
Jason Martin
IT Director
AmWest Entertainment - AmWager
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04-15-2019, 05:37 PM
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#119
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Interesting article in which major university endowment funds are investing....
https://coincodex.com/article/3418/h...ng-endowments/
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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04-21-2019, 12:35 AM
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#120
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Registered User
Join Date: Apr 2008
Location: Louisiana
Posts: 5,597
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Hmmm interesting that in the Mueller report, Crypto's and Bit coin were mentioned as being used by the GRU to hack the DNC. My post here is not to rehash the hacking but the fact that crypto's and bitcoin were used kind of debunks the theory of those just being a Ponzi scheme.
__________________
We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are life, liberty and the pursuit of happiness. That to secure these rights, governments are instituted among men,deriving their just powers from the consent of the
governed.
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