Bitcoins - fad or trend?

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Sat Mar 25, 2017

SilverDoge wrote:Yet another reason to own bitcoin or crypto. I often think about international travel, but how about cops deciding you are a criminal for having "large" amounts of cash, valuables (precious metals), and seizing your assets with civil asset forfeiture laws without even charging you for a crime.

http://www.zerohedge.com/news/2017-03-2 ... b-us-blind

More property was seized by cops in 2014 than burglars. Let that sink in for a second.
https://www.washingtonpost.com/news/won ... last-year/

Corrupt cops can't steal my bitcoin, and corrupt banks can't bail-in themselves or put capital controls on my bitcoin either. USA - the land of the free, until you've got cash or valuables on a federal highway. Got crypto?


Don't keep large amounts on your phone. Cops and many crooks know all about about Bitcoin.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Sun Mar 26, 2017

Altima wrote:
Altima wrote:Congrats to those who bought the dip at 950 ish. Seems like it's on the uptrend again.


Oups I said too soon. Now it's back to buying territory.

Yes, down about $300 from the last time I was almost persuaded to buy in. But still not where I want to be for entry. Not sure exacty where that is :lol: but it wasn't $1250.

On the theory that the Fast Freddie Crypto Coins of the world will be weeded out, dotcom-style, presumably BTC will eventually gain some of this back.

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Mar 26, 2017

Long John wrote:
Altima wrote:
Altima wrote:Congrats to those who bought the dip at 950 ish. Seems like it's on the uptrend again.


Oups I said too soon. Now it's back to buying territory.

Yes, down about $300 from the last time I was almost persuaded to buy in. But still not where I want to be for entry. Not sure exacty where that is :lol: but it wasn't $1250.

On the theory that the Fast Freddie Crypto Coins of the world will be weeded out, dotcom-style, presumably BTC will eventually gain some of this back.


I am really only buying BTC currently for trading into Alt-coins until the BU versus Core debate has been resolved. BTC is a decent buy under $1k but could definitely go lower the longer this debate and in-fighting lasts. As for me, I will be doing most of my crypto gambling in some other coin and come back to BTC upon conclusion of the debate and possible fork.
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Mon Mar 27, 2017

$1031 at the moment.

GDAX now has margin-trading.

Available Leverage

Market/Leverage/Margin Funding Limit
BTC/USD 3x $10,000
BTC/EUR 2x €3,000
ETH/USD 3x $5,000
ETH/BTC 2x 1 BTC
LTC/USD 2x $500
LTC/BTC 2x 0.5 BTC
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Tue Mar 28, 2017

SEC Denies SolidX Bitcoin ETF Proposal.

No real surprise here.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Mar 29, 2017

Bucketeer wrote:SEC Denies SolidX Bitcoin ETF Proposal.

No real surprise here.


Yep. The surprise would have been an approval. Market yawn on this one.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Thu Mar 30, 2017

Anybody see this?

https://cointelegraph.com/news/bitcoin- ... men-tokens

Apparently you can get free stellar lumnens (alt coin) if you hold any bitcoin on 26JUN17.

Interesting.
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sat Apr 01, 2017

Bitcoin back over $1,100 for the time being. ETH a bit under $50.
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grantwoodisgold
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Re: Bitcoins - fad or trend?

Postby grantwoodisgold » Sat Apr 01, 2017

interesting vid:

https://youtu.be/YgYgEIkdBPQ

Bitcoin vs. Ripple – A RACE to NEW ALL-TIME HIGHS (Bo Polny)
"SAUSAGE FLAVORED MEAT PELLETS, GRADE D BUT EDIBLE"
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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Sun Apr 02, 2017

grantwoodisgold wrote:interesting vid:

https://youtu.be/YgYgEIkdBPQ

Bitcoin vs. Ripple – A RACE to NEW ALL-TIME HIGHS (Bo Polny)


Well either that guy is lucky as all get up, or a genius.
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silverpv
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Re: Bitcoins - fad or trend?

Postby silverpv » Sun Apr 02, 2017

Interesting video on the miners of the coins. The waste is pretty considerable. 4050 bit coins mined a month at the time of this video $300 was $1.25 million a month. In today's money that is $4.5 million a month. Of course the amount generated goes down but they still have the coins...

:geek:


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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Mon Apr 03, 2017

silverpv wrote:Interesting video on the miners of the coins...

And those guys have six sites like that one, or did back in 2014, and were looking to expand. Maybe now they have a dozen warehouses full of thousands of air-cooled, souped-up CPUs mining away 24/7. Probably more mining emterprises like that one in China and elsewhere. Thought provoking...

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Re: Bitcoins - fad or trend?

Postby Altima » Tue Apr 04, 2017

There's an ICO coming up for a coin issued by a VC firm, if anybody is interested.

https://www.bloomberg.com/news/articles ... tal-tokens

https://blockchaincapital.tokenhub.com/
"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Tue Apr 04, 2017

Altima wrote:There's an ICO coming up for a coin issued by a VC firm, if anybody is interested.

https://www.bloomberg.com/news/articles ... tal-tokens

https://blockchaincapital.tokenhub.com/


Interesting. Not really sold on the idea though. May want to post stuff like this in the Alt-coin thread next time.
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Long John
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Re: Bitcoins - fad or trend?

Postby Long John » Tue Apr 04, 2017

So this thread was started in October 2013. The question in the title has been answered, hasn't it? If it's a fad, it's kind of a long-lasting one. ¯\_(ツ)_/¯

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SilverDoge
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Re: Bitcoins - fad or trend?

Postby SilverDoge » Wed Apr 05, 2017

Long John wrote:So this thread was started in October 2013. The question in the title has been answered, hasn't it? If it's a fad, it's kind of a long-lasting one. ¯\_(ツ)_/¯


You know who called it a fad and a bubble.... the one, the only, the evil-one... Alan Greenspan. Man I love seeing those elitist morons come up snake eyes in the game of life. What a sell out that dude is. A hard currency supporter, who sells out to become FED chief, and then the guy advocates a gold standard and having gold now that he is "retired" and unable to effect any policy. Evil.

Listen to this Freakonomics podcast. It is a great summary for a layman, and it is from 2014 back when the price was around $600. I enjoy math and economics and these podcasts often take an interesting angle at different topics. Download or listen here:

http://freakonomics.com/podcast/why-eve ... o-podcast/
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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Apr 05, 2017

Litecoin took off.
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Re: Bitcoins - fad or trend?

Postby Altima » Wed Apr 05, 2017

Bucketeer wrote:Litecoin took off.


Cos they're testing that Segwit thingy on LTC first.
"Two things define you. Your patience when you have nothing, and your attitude when you have everything."

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Bucketeer
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Re: Bitcoins - fad or trend?

Postby Bucketeer » Wed Apr 05, 2017

I'm sure a lot of people are watching, think they are at 75% with the miners.
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texmex66
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Re: Bitcoins - fad or trend?

Postby texmex66 » Wed Apr 05, 2017

Is this true? :shock: Japan recognizing Bitcoin as a legal currency? BTC currently $1150 :pop:

http://www.thedailyeconomist.com/2017/0 ... rency.html

https://www.youtube.com/watch?v=3UiVcyIBRMY


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