Forums46
Topics538,874
Posts9,742,451
Members87,122
|
Most Online25,604 Feb 12th, 2024
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620286
06/14/22 07:34 PM
|
Joined: Dec 2005
Posts: 35,565
Guy
THF Celebrity
|
THF Celebrity
Joined: Dec 2005
Posts: 35,565 |
If you put 1000 people in a room, all think they are expert coin flippers....Tell them all to try and flip heads 10 times in a row. Statistically, you are going to have 1 person that will do it. Does not mean he he is an exert coin flipper, although he will probably argue he is...
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620389
06/14/22 10:24 PM
|
Joined: Aug 2008
Posts: 14,958
don k
THF Celebrity
|
THF Celebrity
Joined: Aug 2008
Posts: 14,958 |
There are a lot of folks crying now but won't admit it. Some got rich but the ones that held got the shaft. Same way with all investments. Not all are sure things. If you can't afford to loose don't drink the Kool aide.
|
|
|
Re: How is Bitcoin working out
[Re: Guy]
#8620402
06/14/22 10:47 PM
|
Joined: Apr 2005
Posts: 19,910
TurkeyHunter
THF Celebrity
|
THF Celebrity
Joined: Apr 2005
Posts: 19,910 |
If you put 1000 people in a room, all think they are expert coin flippers....Tell them all to try and flip heads 10 times in a row. Statistically, you are going to have 1 person that will do it. Does not mean he he is an exert coin flipper, although he will probably argue he is... There are 3 basic options: 1. Be first 2. Cheat 3. Be smarter I lucked out with the first option. Bitcoin does have value or at least did at one time.
To be determined
|
|
|
Re: How is Bitcoin working out
[Re: TurkeyHunter]
#8620417
06/14/22 11:14 PM
|
Joined: Jun 2006
Posts: 8,385
Dave Davidson
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jun 2006
Posts: 8,385 |
TurkeyHunter, what value did bitcoin have at one time? Asking because I really don’t understand value without some backing. Whether intellectual or goods and services.
Without a sense of urgency, nothing ever happens.
Boy, if I say "sic em", you'd better look for something to bite. Sam Shelley, Rancher Muleshoe Texas 1892-1985 RIP
|
|
|
Re: How is Bitcoin working out
[Re: Dave Davidson]
#8620423
06/14/22 11:27 PM
|
Joined: Jan 2013
Posts: 19,674
Pitchfork Predator
THF Celebrity
|
THF Celebrity
Joined: Jan 2013
Posts: 19,674 |
TurkeyHunter, what value did bitcoin have at one time? Asking because I really don’t understand value without some backing. Whether intellectual or goods and services. The only value it has is how much a buyer is willing to pay for it……nothing more….it doesn’t multiply or pay dividends…. Perceived value is all and eventually it will be zero IMO…..
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620500
06/15/22 01:10 AM
|
Joined: Nov 2009
Posts: 69,373
NORML as can be
^^Cut the Cord^^
|
^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,373 |
There is light at the end of the tunnel, except it’s a freight train coming at you.
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
|
|
|
Re: How is Bitcoin working out
[Re: Dave Davidson]
#8620509
06/15/22 01:19 AM
|
Joined: Apr 2005
Posts: 19,910
TurkeyHunter
THF Celebrity
|
THF Celebrity
Joined: Apr 2005
Posts: 19,910 |
TurkeyHunter, what value did bitcoin have at one time? Asking because I really don’t understand value without some backing. Whether intellectual or goods and services. Hi Dave, I purchased in 2015 at $357 each.
To be determined
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620681
06/15/22 04:39 AM
|
Joined: Nov 2009
Posts: 69,373
NORML as can be
^^Cut the Cord^^
|
^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,373 |
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
|
|
|
Re: How is Bitcoin working out
[Re: TurkeyHunter]
#8620689
06/15/22 05:18 AM
|
Joined: Apr 2005
Posts: 19,910
TurkeyHunter
THF Celebrity
|
THF Celebrity
Joined: Apr 2005
Posts: 19,910 |
TurkeyHunter, what value did bitcoin have at one time? Asking because I really don’t understand value without some backing. Whether intellectual or goods and services. Hi Dave, I purchased in 2015 at $357 each. I’ve not dealt with it in some time, nor have I followed any other cryptos. But the value came from being able to transfer money or conduct business with little oversight. It was like a big huge pile of special gravel and that’s all there’s ever going to be. Working with the right parties, that special gravel could be used for transactions. As demand increased for untraceable transactions, so did the value of bitcoin. But one could acquire if they knew how, a small wheelbarrow full with no nefarious intentions and later sell that special gravel to a willing buyer at a nice return. Of course one would report and pay taxes on the return just as if it was gravel one purchased and resold.
To be determined
|
|
|
Re: How is Bitcoin working out
[Re: Pitchfork Predator]
#8620701
06/15/22 10:12 AM
|
Joined: Sep 2007
Posts: 574
Pigsicles
Tracker
|
Tracker
Joined: Sep 2007
Posts: 574 |
TurkeyHunter, what value did bitcoin have at one time? Asking because I really don’t understand value without some backing. Whether intellectual or goods and services. The only value it has is how much a buyer is willing to pay for it……nothing more….it doesn’t multiply or pay dividends…. Perceived value is all and eventually it will be zero IMO….. Bingo! Margin calls and capitulation in the crypto space picking up speed. Lots of “money” going poof…….
Pulsar Trail XQ50 Pulsar HD 19A
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620711
06/15/22 11:15 AM
|
Joined: Jul 2019
Posts: 14,348
Hudbone
THF Celebrity
|
THF Celebrity
Joined: Jul 2019
Posts: 14,348 |
Belief mine, it's gonna go the way of chinchillas and emus. It's an emperor has no clothes thing spawned out of excess generated by free enterprise. Oh yeah, and it was perceived to be cool.
|
|
|
Re: How is Bitcoin working out
[Re: ntxtrapper]
#8620748
06/15/22 12:34 PM
|
Joined: Jul 2008
Posts: 6,448
Chopped54
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jul 2008
Posts: 6,448 |
There is a reason why the whales don’t invest in it. By whale you mean the richest person in the world?
Wealth is of the heart and mind and not of the pocket
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8620812
06/15/22 01:20 PM
|
Joined: Dec 2009
Posts: 9,896
The Dude Abides
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2009
Posts: 9,896 |
...but, but, but...if you got in around $500 and sold around $55K-$60K then you're sitting with fat stacks. I never thought this was a long term strategy, more like hit it and quit it.
I am still looking for the perfect apron, one with reinforced knee areas would be perfect.
|
|
|
Re: How is Bitcoin working out
[Re: Chopped54]
#8620958
06/15/22 04:32 PM
|
Joined: Dec 2010
Posts: 8,841
DocHorton
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Dec 2010
Posts: 8,841 |
There is a reason why the whales don’t invest in it. By whale you mean the richest person in the world? Lol. Or a bunch of other Billionaires....
|
|
|
Re: How is Bitcoin working out
[Re: GusWayne]
#8623070
06/18/22 02:27 PM
|
Joined: Aug 2004
Posts: 17,721
Txduckman
THF Celebrity
|
THF Celebrity
Joined: Aug 2004
Posts: 17,721 |
The time is near, I believe this
I expect a spike or two soon, but a new recent low to follow
I don’t want to sound DB, so I won’t
I have cash on the sidelines
$800-$900 ETH, ballz deep…
Ferraris or food stamps
Let’s go
You are almost there now. Under $1k. https://www.coindesk.com/price/ethereum/
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623113
06/18/22 04:16 PM
|
Joined: Sep 2004
Posts: 10,869
DannyB
THF Celebrity
|
THF Celebrity
Joined: Sep 2004
Posts: 10,869 |
There are some "Stablecoins" if I called that correctly that were supposed to be pegged to $1.00, however that works. They were supposed to be safe. They went to a few pennies. Some people were absolutely wiped out. They treated that investment like a roulette wheel and lost.
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623197
06/18/22 06:54 PM
|
Joined: Jun 2013
Posts: 2,463
StephenB
Veteran Tracker
|
Veteran Tracker
Joined: Jun 2013
Posts: 2,463 |
It's not an investment. It's just like gambling with the exchange rates of any other currencies.
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623223
06/18/22 07:42 PM
|
Joined: Feb 2008
Posts: 14,184
glens
THF Celebrity
|
THF Celebrity
Joined: Feb 2008
Posts: 14,184 |
Market Summary > Bitcoin 18,155.00 USD −2,290.60 (11.20%) today Jun 18, 7:40 PM UTC
|
|
|
Re: How is Bitcoin working out
[Re: TurkeyHunter]
#8623356
06/18/22 11:25 PM
|
Joined: Mar 2008
Posts: 2,143
sweetwood
Veteran Tracker
|
Veteran Tracker
Joined: Mar 2008
Posts: 2,143 |
It worked out well. Past tense. Purchased 4 figures worth, not including change way back and sold at 7 figures. I was going to say I did well overall but that's amazing!
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623433
06/19/22 02:08 AM
|
Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
|
THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
At some point, I am going deep on ETH/BTC
I don’t want to catch this falling knife either but I do believe it’s the future
A long term prediction that I firmly believe in
Buy when they’re blood in the streets, even if it’s your own…
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623438
06/19/22 02:12 AM
|
Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
|
THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
2.3 TRILLION US Dollars in circulation currently
Think about what that means long term
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623446
06/19/22 02:23 AM
|
Joined: Dec 2017
Posts: 2,823
RattlesnakeDan
Veteran Tracker
|
Veteran Tracker
Joined: Dec 2017
Posts: 2,823 |
72 of 100 most popular crypto coins have lost at least 90% of their peak value. There is nothing to back them up so they have the potential to go to zero.
Just like Jesus, sometimes you gotta kill some hogs. Lone Star Mesquite . com RattleSnake Dan's Shredding Service
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623454
06/19/22 02:29 AM
|
Joined: Feb 2010
Posts: 11,658
GusWayne
THF Celebrity
|
THF Celebrity
Joined: Feb 2010
Posts: 11,658 |
|
|
|
Re: How is Bitcoin working out
[Re: fredeboy]
#8623482
06/19/22 03:13 AM
|
Joined: Nov 2009
Posts: 69,373
NORML as can be
^^Cut the Cord^^
|
^^Cut the Cord^^
Joined: Nov 2009
Posts: 69,373 |
When Shiba Inu gets to one cent I'll be a Millionaire
(R-TX) .-- " TCNN CURL CRLB VFF VRNO AYR SNDL CGC TLRY MSOS "
_=====___=________==-
|
|
|
Re: How is Bitcoin working out
[Re: NORML as can be]
#8623490
06/19/22 03:22 AM
|
Joined: Jun 2015
Posts: 5,185
scottfromdallas
THF Trophy Hunter
|
THF Trophy Hunter
Joined: Jun 2015
Posts: 5,185 |
When Shiba Inu gets to one cent I'll be a Millionaire You and my coworker.
|
|
|
Moderated by bigbob_ftw, CCBIRDDOGMAN, Chickenman, Derek, DeRico, Duck_Hunter, hetman, jeh7mmmag, JustWingem, kmon11, kry226, kwrhuntinglab, Payne, pertnear, rifleman, sig226fan (Rguns.com), Superduty, TreeBass, txcornhusker
|