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General Discussion => The Flea Trap => Topic started by: Angry White Male on December 06, 2017, 02:25:18 AM

Title: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 06, 2017, 02:25:18 AM
I am buying as fast as I can, with what I'm allowed to transfer through my online limits, and the exchange limits also.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 06, 2017, 02:28:39 AM
These low limit transactions are chump change...  I wanted to dump $20,000 into BitCoin, but I am limited to $2,000 per day.



Almost there though!



Join me, on the rocket to the moon!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 06, 2017, 02:30:49 AM
:2505pjr_th:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 06, 2017, 02:33:22 AM
I take risks, I may just get rewarded.



With data plan now on my phone, I can time my buys, while at work also.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 06, 2017, 02:37:15 AM
After midnight, in 20 minutes, I can transfer another $2,000 into my exchange account.  Will do so...



May wait until until tomorrow to buy, as I hope I can catch a dip in price...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 06, 2017, 02:43:05 AM
To the fucking moon!



I am also a traditional investor, but I am sick of stagnant returns, and stagnant dividends.  A fucking joke, they have become.



A true investor seeks opportunity, and takes the risk.  I just wish I would have taken the risk on earlier, but it's better late than never!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 06, 2017, 03:43:35 AM
Quote from: "Angry White Male"I am buying as fast as I can, with what I'm allowed to transfer through my online limits, and the exchange limits also.


I'm in a mining pool and use my earnings to buy other cryptos. BTC is in a bubble and the current developers are the opposite of Satoshi.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 06, 2017, 09:05:13 AM
Cameron Winklevoss, and Tyler Winklevoss are billionaires through their investment in Bitcoin alone.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 06, 2017, 09:18:14 AM
Bitcoin may throttle far or it may burst. People who bought in early at pennies or dollars lucked out.



For the moment.



Although Bitcoin is already behind the ball tech wise and its current developers stole the project, kicked the others out, and pushed up fees to an obnoxious level.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 06, 2017, 09:20:09 AM
Quote from: "Dinky Dianna"Bitcoin may throttle far or it may burst. People who bought in early at pennies or dollars lucked out.



For the moment.



Although Bitcoin is already behind the ball tech wise and its current developers stole the project, kicked the others out, and pushed up fees to an obnoxious level.

They sure did..



We're reluctant to invest anything other than small amounts if we do at all.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 06, 2017, 11:30:02 AM
I am not convinced crypto currency is good in the long term. Could be another Bre-X.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 06, 2017, 04:34:54 PM
I want to thank Mel and DD for sharing their knowledge of crypto currencies with us..



I don't if my husband and I will ever take the plunge and invest, but it's good to know something, anything, about it.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 06, 2017, 07:32:26 PM
Oh my bitcoin!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 06, 2017, 07:40:35 PM
Is there a crypto stock market?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:39:50 AM
Quote from: "Velvet"Is there a crypto stock market?


I'll assume you're asking if one can buy into bitcoin through a regular stock market exchange?  Sort of...



There is for bitcoin:  Symbol GBTC>  https://grayscale.co/bitcoin-investment-trust/   However, it's more likely better to just buy bitcoin directly through an online exchange.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:42:48 AM
Quote from: "Dinky Dianna"People who bought in early at pennies or dollars lucked out.


People who bought it early for a few dollars, are now kicking themselves when they all sold when it hit $100, or $1,000...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 12:45:31 AM
I was in around the 200-400 mark to use for buying stuff overseas. Now I look at that stuff and want to laugh and cry.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:46:51 AM
THAT'S why you can never look back!  How many people held?  Not many!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 12:50:46 AM
Wasn't about holding back then. It was about the concept and ease of use for transferring.



Though I did hold some after the fact.



I'd rather mine it than buy it anyway. I get a coins worth every couple of years. Not bad for 500 bucks.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:51:27 AM
Velvet does bring an interesting point I'd like to touch on, even though she may be unclear about how this exactly works...



There is a reason I'm loading up now...  You see, it has been attempted to bring crypto's into the "regular" stock market before, but regulators have shut  down the attempts due to the unstable nature of this "currency."



THIS may be changing, and if it does, what will happen is you'll now open this up to a WIDE base of investors with much wealth, that may have only been used to the old-school trading style of calling up their broker, and making a buy or sell.



If this market has easier access, the value will only rise.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:52:26 AM
Quote from: "Dinky Dianna"Wasn't about holding back then.

Maybe not for you...  The Winklevoss twins did otherwise, and are now billionaires with their bitcoin holdings alone.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 12:54:42 AM
Quote from: "Angry White Male"
Quote from: "Dinky Dianna"Wasn't about holding back then.

Maybe not for you...  The Winklevoss twins did otherwise, and are now billionaires with their bitcoin holdings alone.


Jury is still out if they remain billionaires though.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:55:51 AM
Quote from: "Herman"I am not convinced crypto currency is good in the long term. Could be another Bre-X.

Absolutely could be.



If someone wants guaranteed solid, I would suggest something like shares in Bank of Montreal, or the likes, which I do own also.



Look at crypto more like a Vegas trip...  Don't bring any cash down that you're not willing to lose, and all is well.  Some can do very well, but the risk is certainly there.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 12:56:17 AM
Quote from: "Dinky Dianna"Jury is still out if they remain billionaires though.

They haven't sold yet, have they?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 12:58:30 AM
Quote from: "Angry White Male"
Quote from: "Dinky Dianna"Jury is still out if they remain billionaires though.

They haven't sold yet, have they?


Exactly
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:01:49 AM
Bitcoin went up almost 20% since I posted this last night...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 01:02:50 AM
And it can go down too. It has had major dumps in the past.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:04:10 AM
Always recovered...  And a dump is when you buy more!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 01:09:30 AM
:smiley_thumbs_up_yellow_ani:

Ok, put all your eggs in that basket.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:17:41 AM
ALL?  $20,000 total in bitcoin would represent less than 5% of my total investment portfolio.



Trust me, I'm not an idiot financially.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 01:29:00 AM
Quote from: "Angry White Male"ALL?  $20,000 total in bitcoin would represent less than 5% of my total investment portfolio.



Trust me, I'm not an idiot financially.


You should be hedged across the other performing cryptos.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:33:21 AM
I gambled that as BitCoin rises to new heights (since it is THE crypto), the holders of other crypto's will sell and reinvest everything into bitcoin.



My prediction seems to have come true.



Bitcoin is still in its infancy with investors (which I am), so it's the "go to" crypto right now.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:39:54 AM
Remember, worth is all anything someone is willing to pay.  Diamonds used to be worthless, until DeBeers convinced people that they should buy them, creating their "Diamonds are Forever" ad campaign.  They did this, as they had an entire fucking warehouse full of useless and worthless (at the time) diamonds.



Their ad campaign worked, and I'm sure it's still studied in Ad School...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 02:35:17 AM
:001_rolleyes:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 02:39:08 AM
The drive to get out of this immigrant infested, congested shithole that Vancouver has become, has given me the drive to want to hopefully fund my retirement to somewhere nicer, if I ever get there.



I have a real reason to attempt to build wealth, and it isn't to buy a fucking computer game with bitcoin.



I want out, big time.  And only with smart decisions can I make this happen.  And I WILL make this happen.



I have my work here, but eventually I must leave.



I just hope that I can find a good woman for when I age into retirement.  My standards are high, but I'm OK with that!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 02:40:28 AM
Quote from: "Dinky Dianna":001_rolleyes:

You have some investment advice you'd like to share with the forum?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 07, 2017, 02:51:09 AM
Quote from: "Angry White Male"
Quote from: "Dinky Dianna":001_rolleyes:

You have some investment advice you'd like to share with the forum?


Only risk what you can afford to lose.

Diversify.

'To the Moon' should be ignored on crypto.

Store your private keys offline and keep paper backups.

Research each crypto and who was and is on the Dev team, also why they left and where they went.

Read about where each crypto wants to go, their goals, and accomplishments by quarter.

Keep an eye on the number of tokens minted, the cap, and how many are held in reserve. Also, if they are to be used as a crypto version of QE or burnt and when.



For starters.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 01:24:26 PM
Up another 10% since last night.  If you plebs had listened to Ace, and bought a few days ago, your shit would've went up 40% by now.



But no!  Enjoy being poor, you plebs!  Enjoy a poverty lifestyle, you poors!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 07, 2017, 01:58:05 PM
Do you guys understand how quickly it has risen?



It was worth about 2,5k a few months ago..





Its a bubble... You are gonna lose a tonne of money..

Its not a buyers market.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 02:56:16 PM
Bitcoin is hotter than ever. Is it time for the average investor to get some skin in the game?



Only if you've got cash to spare, says Mark Cuban, the billionaire investor and Shark Tank host.



"It's still very much a gamble," Cuban said of buying Bitcoin in a recent interview with MONEY. "It could go to $15,000 or zero and maybe both on the same day."



The price of Bitcoin recently shot past $13,000, and experts are split on whether the cryptocurrency is a good investment or not. Several stocks are soaring on the rising fever, and the infamous Winklevoss twins have been minted "Bitcoin billionaires" thanks to its meteoric rise in valuation over the last year. There could be at least 200 Bitcoin billionaires in the world already, and some people are even selling off their own assets and betting on Bitcoin as a longterm strategy for wealth accumulation.



But old-schoolers like Vanguard's Jack Bogle are saying you should avoid Bitcoin speculation "like the plague." Meanwhile, billionaire Thomas Peterffy of the brokerage Interactive Brokers recently warned that a Bitcoin futures market could lead to a "Lehman-brothers style collapse" of the whole financial system.



Cuban says he owns Bitcoin himself, along with another cryptocurrency, Ethereum—but with a net worth of roughly $3.3 billion, and assets like the Dallas Mavericks, he can afford to take some risks. Which is essentially his mantra right now on how regular people should approach Bitcoin.



If it's money you need to depend on and can't afford to lose, don't do it," Cuban said. "If you have money you can gamble with, then it's worth taking a shot."

http://time.com/money/5052218/mark-cuban-bitcoin-advice/



Mark Cuban is right. I would never advise my clients to gamble their financial security on bitcoin.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 03:02:05 PM
Odie, stop being a poors, and join us elites.  In one month you'll be sorry you didn't buy today.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 03:06:00 PM
Quote from: "Angry White Male"Odie, stop being a poors, and join us elites.  In one month you'll be sorry you didn't buy today.

He can't be spending his welfare cheque on bitcoin. He needs it for cheap vodka.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 07, 2017, 03:52:28 PM
Quote from: "Angry White Male"Odie, stop being a poors, and join us elites.  In one month you'll be sorry you didn't buy today.


No I wont..



Theres no easy way to get rich and I´m sure investing money in bitcoin is gonna backfire royally..
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 03:54:56 PM
Quote from: "seoulbro"
Quote from: "Angry White Male"Odie, stop being a poors, and join us elites.  In one month you'll be sorry you didn't buy today.

He can't be spending his welfare cheque on bitcoin. He needs it for cheap vodka.

:MG_216:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 04:21:35 PM
I thought the welfare rates in Northern European nations were quite generous?  He should be able to invest at least a little bit.



Odie, you will regret not listening to Ace!  You will regret life of poverty and squalor.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 07, 2017, 04:34:17 PM
Quote from: "Angry White Male"I thought the welfare rates in Northern European nations were quite generous?  He should be able to invest at least a little bit.



Odie, you will regret not listening to Ace!  You will regret life of poverty and squalor.


They are only generous if you are a negro or a muslim..



A big, healthy white guy with a practical trade like myself doesnt get but the bare minimum and not for long...





I´m forced to apply for a job or else I´ll be chopping rocks with a pickaxe.. Getting paid less than 3bucks/hour.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 07, 2017, 04:38:43 PM
Cheap vodka is still 20bucks per bottle...



Cant even have a decent bender with just welfare money. :laugh3:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 06:09:52 PM
You poors!  You fools!  In just a few days I earned an increase of almost $5,000, on a $10,000 investment.  I would have put more in sooner, but the way I fund the account, I have daily and weekly limits.



At midnight, my weekly limit resets, and I will start to throw in another $10,000, in increments of $2,000, which is my daily limit.



If Ace is confident to throw in another $10,000, and you poors are not, you will remain poor!  Get in before this shit starts to get traded on the regular stock market, which will be soon...



(//%3C/s%3E%3CURL%20url=%22https://image.ibb.co/jFehXw/Capture.png%22%3Ehttps://image.ibb.co/jFehXw/Capture.png%3C/URL%3E%3Ce%3E)
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 08:11:53 PM
You chimps!  I just made another $500 in a couple of hours.



Get in here both poors and elites alike!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 08:16:08 PM
Bitcoin went up over $3700 today alone..



In January, 2017 it was worth over $900 Canadian and today it's over $21,000.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 08:17:41 PM
Get in on it!  When this shit goes public, it will rise even higher!



The next month could be the most important time in your life, to not be a poors!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 09:15:28 PM
Quote from: "Angry White Male"Get in on it!  When this shit goes public, it will rise even higher!



The next month could be the most important time in your life, to not be a poors!

It's supposed to be listed on the Chicago Board of Exchange next week.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 09:18:31 PM
NOW you know one reason why it's screaming up, and I want to get in as much as I can, before that happens.



However, I am taking a big risk in doing so, but so are others.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 10:30:03 PM
Not about it's skyrocketing value, but still interesting.



BITCOIN MINING GUZZLES ENERGY—AND ITS CARBON FOOTPRINT JUST KEEPS GROWING



Today, each bitcoin transaction requires the same amount of energy used to power nine homes in the US for one day. And miners are constantly installing more and faster computers. Already, the aggregate computing power of the bitcoin network is nearly 100,000 times larger than the world's 500 fastest supercomputers combined.



The total energy use of this web of hardware is huge—an estimated 31 terawatt-hours per year. More than 150 individual countries in the world consume less energy annually. And that power-hungry network is currently increasing its energy use every day by about 450 gigawatt-hours, roughly the same amount of electricity the entire country of Haiti uses in a year.

https://www.wired.com/story/bitcoin-mining-guzzles-energyand-its-carbon-footprint-just-keeps-growing/
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 10:40:38 PM
I do know that a lot of mining is now done in third world countries, where electricity is relatively cheap.  It doesn't really pay anymore for many people to consider mining these days.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 10:59:48 PM
I just saw on the news,  a small operation in suburban Vancouver that mines  crypto currencies in their garage..



They had to rent a bigger place because they couldn't get enough electrical  power.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 11:02:01 PM
As time goes on, bitcoin becomes harder and harder to "mine"...  it was purposely made this way.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 07, 2017, 11:04:39 PM
Quote from: "Angry White Male"As time goes on, bitcoin becomes harder and harder to "mine"...  it was purposely made this way.

They mentioned that which means using even more power.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 07, 2017, 11:08:10 PM
The whole idea is to limit the supply of bitcoin over time.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 01:37:22 AM
Quote from: "seoulbro"Bitcoin is hotter than ever. Is it time for the average investor to get some skin in the game?



Only if you've got cash to spare, says Mark Cuban, the billionaire investor and Shark Tank host.



"It's still very much a gamble," Cuban said of buying Bitcoin in a recent interview with MONEY. "It could go to $15,000 or zero and maybe both on the same day."



The price of Bitcoin recently shot past $13,000, and experts are split on whether the cryptocurrency is a good investment or not. Several stocks are soaring on the rising fever, and the infamous Winklevoss twins have been minted "Bitcoin billionaires" thanks to its meteoric rise in valuation over the last year. There could be at least 200 Bitcoin billionaires in the world already, and some people are even selling off their own assets and betting on Bitcoin as a longterm strategy for wealth accumulation.



But old-schoolers like Vanguard's Jack Bogle are saying you should avoid Bitcoin speculation "like the plague." Meanwhile, billionaire Thomas Peterffy of the brokerage Interactive Brokers recently warned that a Bitcoin futures market could lead to a "Lehman-brothers style collapse" of the whole financial system.



Cuban says he owns Bitcoin himself, along with another cryptocurrency, Ethereum—but with a net worth of roughly $3.3 billion, and assets like the Dallas Mavericks, he can afford to take some risks. Which is essentially his mantra right now on how regular people should approach Bitcoin.



If it's money you need to depend on and can't afford to lose, don't do it," Cuban said. "If you have money you can gamble with, then it's worth taking a shot."

http://time.com/money/5052218/mark-cuban-bitcoin-advice/



Mark Cuban is right. I would never advise my clients to gamble their financial security on bitcoin.


I agree 100% on that for BTC but not all cryptos or ICO's.



Dip your toes in the waters but not the entire feet.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 08, 2017, 01:42:34 AM
Quote from: "Dinky Dianna"
Quote from: "seoulbro"Bitcoin is hotter than ever. Is it time for the average investor to get some skin in the game?



Only if you've got cash to spare, says Mark Cuban, the billionaire investor and Shark Tank host.



"It's still very much a gamble," Cuban said of buying Bitcoin in a recent interview with MONEY. "It could go to $15,000 or zero and maybe both on the same day."



The price of Bitcoin recently shot past $13,000, and experts are split on whether the cryptocurrency is a good investment or not. Several stocks are soaring on the rising fever, and the infamous Winklevoss twins have been minted "Bitcoin billionaires" thanks to its meteoric rise in valuation over the last year. There could be at least 200 Bitcoin billionaires in the world already, and some people are even selling off their own assets and betting on Bitcoin as a longterm strategy for wealth accumulation.



But old-schoolers like Vanguard's Jack Bogle are saying you should avoid Bitcoin speculation "like the plague." Meanwhile, billionaire Thomas Peterffy of the brokerage Interactive Brokers recently warned that a Bitcoin futures market could lead to a "Lehman-brothers style collapse" of the whole financial system.



Cuban says he owns Bitcoin himself, along with another cryptocurrency, Ethereum—but with a net worth of roughly $3.3 billion, and assets like the Dallas Mavericks, he can afford to take some risks. Which is essentially his mantra right now on how regular people should approach Bitcoin.



If it's money you need to depend on and can't afford to lose, don't do it," Cuban said. "If you have money you can gamble with, then it's worth taking a shot."

http://time.com/money/5052218/mark-cuban-bitcoin-advice/



Mark Cuban is right. I would never advise my clients to gamble their financial security on bitcoin.


I agree 100% on that for BTC but not all cryptos or ICO's.



Dip your toes in the waters but not the entire feet.

I agree.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 01:42:49 AM
Quote from: "Fashionista"I just saw on the news,  a small operation in suburban Vancouver that mines  crypto currencies in their garage..



They had to rent a bigger place because they couldn't get enough electrical  power.


It's not profitable in most parts of the West unless it's a large operation situated in the gravy grid zone.



Ace has got the BTC bug or tulip mania. If I can mine out 1 BTC every year or two through a pool, at peanuts, I'm happy to risk losing my peanuts.



Ace is betting 20,000 dollars Canadian worth of peanuts.



It's kind of sad.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 01:44:45 AM
Stop being one of the poors, Dinky...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 08, 2017, 01:46:36 AM
Quote from: "Dinky Dianna"
Quote from: "Fashionista"I just saw on the news,  a small operation in suburban Vancouver that mines  crypto currencies in their garage..



They had to rent a bigger place because they couldn't get enough electrical  power.


It's not profitable in most parts of the West unless it's a large operation situated in the gravy grid zone.



Ace has got the BTC bug or tulip mania. If I can mine out 1 BTC every year or two through a pool, at peanuts, I'm happy to risk losing my peanuts.



Ace is betting 20,000 dollars Canadian worth of peanuts.



It's kind of sad.

The man in Vancouver wasn't making a lot of money..



He hopes to with a larger operation.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 01:48:11 AM
I am an investor.



I know the markets.



When I fucking tell you to do something, you should do it...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 01:57:16 AM
Quote from: "Angry White Male"Stop being one of the poors, Dinky...


I've invested a small sum in nearly two dozen cryptos and ICO's combined and have done for years. Can you say the same for yourself?



You appear to have broken your tulip cherry on BTC solely and don't understand that there are far better crypto-lovers out there to take your crypto man fanny further, harder, longer.





The impression that I get from this thread. Your thread. Is that you have no idea what you're doing because you're a desperate newb to the game. Though rest assured you're part of a growing number of latecomers who throw savings at something due to the hype (and I thank you for that  :thumbup: )
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 01:57:55 AM
Quote from: "Angry White Male"I am an investor.



I know the markets.



When I fucking tell you to do something, you should do it...


 ac_toofunny
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 01:59:34 AM
Enjoy being a poors, Dinky.  And do NOT ever attempt to 'school' me at 'Investing 101.'



Why?  You FUCKING FAILED the class...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:01:25 AM
Quote from: "Fashionista"
Quote from: "Dinky Dianna"
Quote from: "Fashionista"I just saw on the news,  a small operation in suburban Vancouver that mines  crypto currencies in their garage..



They had to rent a bigger place because they couldn't get enough electrical  power.


It's not profitable in most parts of the West unless it's a large operation situated in the gravy grid zone.



Ace has got the BTC bug or tulip mania. If I can mine out 1 BTC every year or two through a pool, at peanuts, I'm happy to risk losing my peanuts.



Ace is betting 20,000 dollars Canadian worth of peanuts.



It's kind of sad.

The man in Vancouver wasn't making a lot of money..



He hopes to with a larger operation.


If he can't position to cheaper power and better hardware (side effect of doing anything in bulk), he won't be able to rival the new money in cheaper nations.


Quote from: "Angry White Male"Enjoy being a poors, Dinky.  And do NOT ever attempt to 'school' me at 'Investing 101.'



Why?  You FUCKING FAILED the class...


 ac_lmfao
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:05:25 AM
You fucking poors!



You will regret not listening to me!



And Dinky will ALWAYS regret selling for $100!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:06:14 AM
:roll:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:08:00 AM
Was that $100 sale a bargain?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:10:10 AM
Quote from: "Angry White Male"Was that $100 sale a bargain?


 ac_toofunny



Was that 20,000 Canadian price tag for just one BTC a steal?  ac_lmfao
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:13:46 AM
I'm up 50% in just a few days...



I am willing to invest more.



You are not...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:19:06 AM
Stay poor, Dinky, stay poor!



And don't worry about those cheap coins...  You all would have sold by around $100 anyhow, and did.



Now is the time where the big boys create wealth for me.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:19:55 AM
Quote from: "Angry White Male"I'm up 50% in just a few days...



I am willing to invest more.



You are not...


I've got a licence to receive bitcoin near indefinitely for 2 percent of what you paid for just ONE!  ac_razz



You throw your savings at BTC. I went out to dinner four times less than we usually do per year.



You are willing to lose.  ac_toofunny
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:21:35 AM
Makes no sense.



I go out for dinner whenever I want.



I'm high class...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:26:47 AM
Quote from: "Angry White Male"Makes no sense.



I go out for dinner whenever I want.



I'm high class...


ie. You throw money away regularly, like you have at BTC.  ac_hithere



 :001_rolleyes:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:28:44 AM
Time shall tell!



I gave everyone the same opportunity here, as I had...



Enjoy your poors!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:33:35 AM
Quote from: "Angry White Male"Time shall tell!



I gave everyone the same opportunity here, as I had...



Enjoy your poors!


 :laugh3:



You're just a newb piggy to the trough and don't understand what's in it.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:34:25 AM
In one half an hour, hopefully I can begin to start dumping another $10,000 into my account.



I am plagued by limits.



By the end of this weekend, do it!  Even $100.



Get in on this.  Don't be a pleb, like Dinky.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:35:23 AM
Quote from: "Dinky Dianna"You're just a newb piggy to the trough and don't understand what's in it.

Sad you sold your holdings for a video game?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:37:45 AM
:yahoo:



You're good for a laugh. Try not to blow everything or I'm going to laugh forever, Tears for Fears.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:38:27 AM
A fucking video game...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:40:15 AM
And THAT is why, Dinky, you are in NO position to school me, come investment time!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 02:42:00 AM
:tease:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:43:55 AM
Quote from: "Berry Sweet":tease:


Yeah pretty much.  :crazy:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:44:32 AM
Quote from: "Berry Sweet":tease:

Now you can see, that ANY bitch with Ace, is well taken care of...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 02:45:07 AM
Mel..buy me a phone
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:46:10 AM
Quote from: "Berry Sweet"Mel..buy me a phone

I will!



How shall we arrange the meeting?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:46:42 AM
Quote from: "Berry Sweet"Mel..buy me a phone


He's all in on Bitcoin Core.



Can't afford to.  ac_biggrin
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 02:47:25 AM
Quote from: "Angry White Male"
Quote from: "Berry Sweet"Mel..buy me a phone

I will!



How shall we arrange the meeting?


Seriously?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 02:48:33 AM
Quote from: "Dinky Dianna"
Quote from: "Berry Sweet"Mel..buy me a phone


He's all in on Bitcoin Core.



Can't afford to.  ac_biggrin

Duck that.  I'm too nice,  I deserve something here.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:48:40 AM
I will buy you a phone.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:52:55 AM
Yes, Berry, if you'll answer it whenever he wants to take you out for Slurpees and bean and cheese burritos (because he's BTC to the CORE!)



 :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 02:54:50 AM
I need a Duck in phone dude
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:56:07 AM
I'll buy her a phone.



I'll have it sent to her address.



You think this is something out of the ordinary?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 02:58:18 AM
Quote from: "Berry Sweet"I need a Duck in phone dude


Pick out a phone...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 02:58:55 AM
Hope you like prepaid flip phones with three dollars worth of initial credit, Berry.



 ac_smile
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 03:00:27 AM
Quote from: "Angry White Male"
Quote from: "Berry Sweet"I need a Duck in phone dude


Pick out a phone...

I'm serious.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 03:00:41 AM
Quote from: "Dinky Dianna"Hope you like prepaid flip phones with three dollars worth of initial credit, Berry.



 ac_smile

You are as dumb as you look.



Berry can pick any phone she wants...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 03:02:19 AM
Quote from: "Berry Sweet"I'm serious.


Pick out a phone you like, PM me, and I will have it sent to your address.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 08, 2017, 03:05:10 AM
:laugh: Mel wants Berry's address.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 08, 2017, 03:07:03 AM
Yeah they all do.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 08, 2017, 03:10:27 AM
Quote from: "Dinky Dianna":laugh: Mel wants Berry's address.

Yeah, just as much as I wanted Orik's address, when I sent fat boy computer parts...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 08, 2017, 09:13:03 AM
Quote from: "Dinky Dianna"Hope you like prepaid flip phones with three dollars worth of initial credit, Berry.



 ac_smile

 :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 08, 2017, 11:10:21 AM
Quote from: "Berry Sweet"
Quote from: "Angry White Male"
Quote from: "Berry Sweet"Mel..buy me a phone

I will!



How shall we arrange the meeting?


Seriously?

He likes you Berry.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 08, 2017, 03:32:30 PM
Do you think Ipods are worth anything nowadays?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Zetsu on December 08, 2017, 03:46:08 PM
Quote from: "Odinson"Do you think Ipods are worth anything nowadays?


I'd say kids that can't afford an iPhone might still go for an iPod, the good thing about MP3 players is they have a better dedicated sound card in them compared to most smart phone.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 09, 2017, 07:34:34 PM
Quote from: "Zetsu"
Quote from: "Odinson"Do you think Ipods are worth anything nowadays?


I'd say kids that can't afford an iPhone might still go for an iPod, the good thing about MP3 players is they have a better dedicated sound card in them compared to most smart phone.


Yes they do..



I was thinking it has some kind of collectors value at this point.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Zetsu on December 09, 2017, 07:45:55 PM
Quote from: "Odinson"
Quote from: "Zetsu"
Quote from: "Odinson"Do you think Ipods are worth anything nowadays?


I'd say kids that can't afford an iPhone might still go for an iPod, the good thing about MP3 players is they have a better dedicated sound card in them compared to most smart phone.


Yes they do..



I was thinking it has some kind of collectors value at this point.


It wouldn't be surprising for the ones we used back in highschool, man it was crazy when they had like 40gb of storage in them while other mp3 flash drive players only had like 128mbs, lol.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 09, 2017, 07:57:00 PM
Quote from: "Zetsu"
Quote from: "Odinson"
Quote from: "Zetsu"
Quote from: "Odinson"Do you think Ipods are worth anything nowadays?


I'd say kids that can't afford an iPhone might still go for an iPod, the good thing about MP3 players is they have a better dedicated sound card in them compared to most smart phone.


Yes they do..



I was thinking it has some kind of collectors value at this point.


It wouldn't be surprising for the ones we used back in highschool, man it was crazy when they had like 40gb of storage in them while other mp3 flash drive players only had like 128mbs, lol.


 ac_biggrin Yeah I remember that..



All the music was downloaded from sites like piratebay.





The Ipod I got is old but its almost mint. 60Gb or something like that.. Its clunky sized.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 09, 2017, 08:45:40 PM
The value of bitcoin is based on nothing but the limited supply and the desire to buy them..



At the end of the day, its not even a collectors item.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 08:48:25 PM
Quote from: "Odinson"The value of bitcoin is based on nothing but the limited supply and the desire to buy them..

At the end of the day, its not even a collectors item.

Exactly.  I personally think it's almost technically a Ponzi scheme.



However, the risk I take, will hopefully reward me!



Right now there's a dip in price.  I'd buy more right now, but I have to wait until after midnight to add more funds, since I reached my daily funding limit!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 09, 2017, 09:17:15 PM
It took a $2000 drop yesterday I think. That's bitcoin, up and down.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 09:35:49 PM
Yup!  Fluctuations are very common!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 09, 2017, 09:57:55 PM
Don't listen to Mel about crypto currencies or prudent investment strategies.



Or romance and relationships, come to think of it.



You'll end up broke.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 09:58:50 PM
My advice is tops advice.  That's why I'm a successful businessman and investor.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 09, 2017, 10:02:32 PM
In Narnia.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:03:42 PM
I have to be careful, because when you're a success, people want a piece of you.



You have to learn to push away the leeches...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 09, 2017, 10:13:41 PM
Quote from: "Angry White Male"My advice is tops advice.  That's why I'm a successful businessman and investor.

Your parents died and you were the only heir.

 :icon_wink:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:17:44 PM
I was successful even before they died...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 09, 2017, 10:25:55 PM
Mel was successful at being born. There's that.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:26:41 PM
See how jelly people get, when they are not successful, but are around successful people?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 09, 2017, 10:29:41 PM
Quote from: "Dinky Dianna"Mel was successful at being born. There's that.

The thing I've found about people like Mel and Twenty Dollars that feel the need to constantly crow about their achievements is how insecure they are.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:30:55 PM
The poors like to attack people that are more successful than them.  It is a common theme...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:33:45 PM
Dinky is just mad, because he sold all of his bitcoin.  Now he's mad he didn't hold onto it.  Instead of becoming successful, he's now a poors, and really angry...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 09, 2017, 10:41:34 PM
Quote from: "Fashionista"
Quote from: "Dinky Dianna"Mel was successful at being born. There's that.

The thing I've found about people like Mel and Twenty Dollars that feel the need to constantly crow about their achievements is how insecure they are.


I reckon they embellish. Mel probably got 100 dollars worth of BTC from a vending machine and Twenty Dollars spends his days surfing sewage canals in El Salvador.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 10:43:13 PM
Nah, I've got $14,000 in already.  After midnight, will dump in another $2,000, which is my daily limit.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 09, 2017, 11:21:58 PM
Quote from: "Dinky Dianna"
Quote from: "Fashionista"
Quote from: "Dinky Dianna"Mel was successful at being born. There's that.

The thing I've found about people like Mel and Twenty Dollars that feel the need to constantly crow about their achievements is how insecure they are.


I reckon they embellish. Mel probably got 100 dollars worth of BTC from a vending machine and Twenty Dollars spends his days surfing sewage canals in El Salvador.

No doubt they do embellish. But, Fash is right successful folks don't need to tell people every two minutes they are successful. Mel is not as hard to read as that idiot TD.



And they both had healthy inheritances.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 11:28:07 PM
Why would I lie?  I have no reason to lie...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 09, 2017, 11:55:38 PM
Quote from: "Angry White Male"Why would I lie?  I have no reason to lie...

Who said lie?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 09, 2017, 11:58:00 PM
What does 'embellish' mean then?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 10, 2017, 12:15:13 AM
Definition of embellish



transitive verb

1 : to make beautiful with ornamentation : decorate a book embellished with illustrations

2 : to heighten the attractiveness of by adding decorative or fanciful details : enhance embellished our account of the trip
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 10, 2017, 12:16:53 AM
I know what it fucking means...



Why would I lie about my bitcoin investment?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 10, 2017, 10:33:55 AM
Quote from: "Angry White Male"
Quote from: "Odinson"The value of bitcoin is based on nothing but the limited supply and the desire to buy them..

At the end of the day, its not even a collectors item.

Exactly.  I personally think it's almost technically a Ponzi scheme.



However, the risk I take, will hopefully reward me!



Right now there's a dip in price.  I'd buy more right now, but I have to wait until after midnight to add more funds, since I reached my daily funding limit!


Almost... It has no fraud company behind it..



No1 needs bitcoin..



It has no tangible value..



Some1 could whisper away its value.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 10, 2017, 11:15:59 AM
Quote from: "Odinson"
Quote from: "Angry White Male"
Quote from: "Odinson"The value of bitcoin is based on nothing but the limited supply and the desire to buy them..

At the end of the day, its not even a collectors item.

Exactly.  I personally think it's almost technically a Ponzi scheme.



However, the risk I take, will hopefully reward me!



Right now there's a dip in price.  I'd buy more right now, but I have to wait until after midnight to add more funds, since I reached my daily funding limit!


Almost... It has no fraud company behind it..



No1 needs bitcoin..



It has no tangible value..



Some1 could whisper away its value.


Neither does fiat.



Fiat has even less tangible value when you consider the power to print more into circulation.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 10, 2017, 10:38:20 PM
Anything is only worth what people are willing to pay for it, generally speaking.



My investment in bitcoin was a calculated risk.  Sure, it could go either way, but most investments do.



However, you know what bitcoin won't do?  Leave me with nothing, as my Petrowest shares did.  Luckily I only had a couple grand invested in those shares, but I am left now with essentially nothing, and that will not change, as Petrowest went kaput.



Bitcoin cannot go kaput in the same way...  It may lose value, but won't disappear.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 12:07:31 AM
I have achieved my goal.  To own one coin...



(//%3C/s%3E%3CURL%20url=%22https://preview.ibb.co/bTR4Hw/4b8.png%22%3Ehttps://preview.ibb.co/bTR4Hw/4b8.png%3C/URL%3E%3Ce%3E)



(//%3C/s%3E%3CURL%20url=%22https://preview.ibb.co/jGRh4b/Capture.png%22%3Ehttps://preview.ibb.co/jGRh4b/Capture.png%3C/URL%3E%3Ce%3E)
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 12:15:23 AM
This has come to me at great financial risk.  However, the rewards could also outpace much of my other investments, and although I am not often a risk taker, I have made an exception in this case.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 12:51:51 AM
ac_toofunny
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 12:54:02 AM
Quote from: "Dinky Dianna"ac_toofunny

How many kwans did you own, Dinky, before you sold them?



I'm serious here...  How many did you accumulate?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 12:56:05 AM
ac_lmfao



I don't discuss specifics of personal finances or investments online, Mel.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 12:58:04 AM
I'm fucking serious here...  How many did you accumulate, 'back in tha day?'
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 01:02:43 AM
I'll give you the answer:  "More than you wished you'd have ever sold."



Until they went to $100, or $1,000, right?



I am an investor.  I seek opportunities that may not make me rich overnight, but I want somewhat solid returns at times, while a little risk involved is fine here and there.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 01:15:18 AM
Nuh uh, Mel. :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 01:16:59 AM
You didn't HODL!!



Bad girl...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 01:19:23 AM
Not telling, Mel. You should give up. I can't be forced or tricked.  :pop:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 01:26:08 AM
Now you can be poors...  You should have HODL'd.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 01:30:29 AM
Quote from: "Angry White Male"Now you can be poors...  You should have HODL'd.


 :crazy:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 01:31:57 AM
No.  You are sad.



NOW EMBRACE MY WEALTH INCREASE, YOU BUM!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 12, 2017, 01:47:58 AM
Remember when I said, last week, to buy some kwan?



That kwan made me $5,000 so far, in one week.



I don't sell, because I don't need the kwan.  I don't need 5,000 kwan.



I buy kwan to hold, as investor, not as chump spender.



I play in dirt, doing job every single day, because I am investor.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 12, 2017, 03:30:27 AM
If you were smart, you would have gotten a mining contract through a pooled farm instead. Now you're throwing away money at the price instead.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 13, 2017, 05:57:51 AM
Nice day on the exchanges.



Everything is up, even XRP at 50c+ USD.



BTC is throttling between 16,500-17,000 USD.



I'd hate to be one of those new investors who went all in on BTC only, instead of spreading their exposure.



BTC has been officially been deemed an even bigger bubble than the Tulip Mania of the 17th century. It's passed that mark in relative comparison.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 13, 2017, 10:24:54 PM
Quote from: "Dinky Dianna"I'd hate to be one of those new investors who went all in on BTC only, instead of spreading their exposure.


Funny you should mention this, because earlier today I did just that...  I diversified my holdings from my original bit coin holding.  Why I didn't do this earlier escapes me, since I'm a huge pusher of diversity in holdings, which I ensure with my 'regular' share holdings.



I would have liked to have timed some trades better, but obviously it's a bad idea for me to be piloting a fully loaded truck and trailer through town, while trying to make trades on my phone, so I did what I could when I had the chance.



My more diversified portfolio now looks like this:







(//%3C/s%3E%3CURL%20url=%22https://preview.ibb.co/kmxtC6/Capture.png%22%3Ehttps://preview.ibb.co/kmxtC6/Capture.png%3C/URL%3E%3Ce%3E)
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 13, 2017, 10:56:06 PM
Not too pleased with the level of DOGE, though the rest looks good.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 13, 2017, 10:59:38 PM
I tried to do what I thought was a 'decent' coverage of the well known cryptos.  It's very easy for me to trade one for another, should I want to.  Would take me seconds.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 13, 2017, 11:40:10 PM
Quote from: "Angry White Male"
Quote from: "Dinky Dianna"I'd hate to be one of those new investors who went all in on BTC only, instead of spreading their exposure.


Funny you should mention this, because earlier today I did just that...  I diversified my holdings from my original bit coin holding.  Why I didn't do this earlier escapes me, since I'm a huge pusher of diversity in holdings, which I ensure with my 'regular' share holdings.



I would have liked to have timed some trades better, but obviously it's a bad idea for me to be piloting a fully loaded truck and trailer through town, while trying to make trades on my phone, so I did what I could when I had the chance.



My more diversified portfolio now looks like this:







(//%3C/s%3E%3CURL%20url=%22https://preview.ibb.co/kmxtC6/Capture.png%22%3Ehttps://preview.ibb.co/kmxtC6/Capture.png%3C/URL%3E%3Ce%3E)

Maybe I will invest in cryptocurrencies now that I'm in Alberta supervising rigs for the winter and off the barrel wash until spring.  I don't know how to get started though.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 01:31:03 AM
Quote from: "Herman"Maybe I will invest in cryptocurrencies now that I'm in Alberta supervising rigs for the winter and off the barrel wash until spring.  I don't know how to get started though.


Best thing to have, is an online account with your bank.  This is how I fund my own shit, and can fund other accounts.  It is safe,



Get that set up first, and then we'll talk...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 01:33:10 AM
Quote from: "Angry White Male"
Quote from: "Herman"Maybe I will invest in cryptocurrencies now that I'm in Alberta supervising rigs for the winter and off the barrel wash until spring.  I don't know how to get started though.


Best thing to have, is an online account with your bank.  This is how I fund my own shit, and can fund other accounts.  It is safe,



Get that set up first, and then we'll talk...

I have that to buy stocks. But, what about this crypto? How do I buy it?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 14, 2017, 01:34:42 AM
With all due respect, Mel, he should first familiarize himself with crypto wallets and learn how to backup them and his private keys.



Online accounts and exchanges can and do get hacked and messed with.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 01:37:31 AM
Quote from: "Dinky Dianna"With all due respect, Mel, he should first familiarize himself with crypto wallets and learn how to backup them and his private keys.



Online accounts and exchanges can and do get hacked and messed with.

Exactly. I don't know jack about any of this.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 01:37:43 AM
Quote from: "Herman"I have that to buy stocks. But, what about this crypto? How do I buy it?


You'll have to set up an account at an exchange.



I use CoinSquare (easy for Canadians).  You can use whomever you want.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 14, 2017, 01:43:02 AM
Quote from: "Herman"
Quote from: "Dinky Dianna"With all due respect, Mel, he should first familiarize himself with crypto wallets and learn how to backup them and his private keys.



Online accounts and exchanges can and do get hacked and messed with.

Exactly. I don't know jack about any of this.


Easier way to test the waters is to download a wallet for your phone and find a crypto ATM in your area to put a $20 into so you can play around with it and see how sending, receiving, and converting to other cryptos works.



Much safer than putting 2k in and mucking sonething up. There is no way to recover mucked up transactions.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 01:45:42 AM
Dinky is right!  Don't muck things up.



Listen to me, step by step, and you'll then be cooking!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 02:04:29 AM
Quote from: "Dinky Dianna"
Quote from: "Herman"
Quote from: "Dinky Dianna"With all due respect, Mel, he should first familiarize himself with crypto wallets and learn how to backup them and his private keys.



Online accounts and exchanges can and do get hacked and messed with.

Exactly. I don't know jack about any of this.


Easier way to test the waters is to download a wallet for your phone and find a crypto ATM in your area to put a $20 into so you can play around with it and see how sending, receiving, and converting to other cryptos works.



Much safer than putting 2k in and mucking sonething up. There is no way to recover mucked up transactions.

I live on a farm and I doubt there are any within a hundred km. And until the end of March, I am in the middle of no where supervising rigs. Is there any other way for  someone who is extremely isolated?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 02:05:31 AM
Quote from: "Angry White Male"Dinky is right!  Don't muck things up.



Listen to me, step by step, and you'll then be cooking!

What do you suggest I do to get started?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 02:08:51 AM
Register at CoinSquare.



You will need to do this, as this will be your exchange...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 14, 2017, 02:09:36 AM
Quote from: "Herman"
Quote from: "Dinky Dianna"
Quote from: "Herman"
Quote from: "Dinky Dianna"With all due respect, Mel, he should first familiarize himself with crypto wallets and learn how to backup them and his private keys.



Online accounts and exchanges can and do get hacked and messed with.

Exactly. I don't know jack about any of this.


Easier way to test the waters is to download a wallet for your phone and find a crypto ATM in your area to put a $20 into so you can play around with it and see how sending, receiving, and converting to other cryptos works.



Much safer than putting 2k in and mucking sonething up. There is no way to recover mucked up transactions.

I live on a farm and I doubt there are any within a hundred km. And until the end of March, I am in the middle of no where supervising rigs. Is there any other way for  someone who is extremely isolated?


If you have internet and online banking, join Coinbase.com transfer a little money over, buy some crypto, and send it to your phone's downloaded wallet so you can play around with it and learn the ins and outs.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 02:11:24 AM
Quote from: "Angry White Male"Register at CoinSquare.



You will need to do this, as this will be your exchange...

I download it to my laptop? Can you buy and sell all currencies through it?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 14, 2017, 03:02:54 AM
Be wary about keeping your crypto on an exchange. You won't have your private keys, the exchange will. Exchanges get hacked or do dodgies all the time.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 14, 2017, 09:04:11 AM
Quote from: "Herman"
Quote from: "Angry White Male"Register at CoinSquare.



You will need to do this, as this will be your exchange...

I download it to my laptop? Can you buy and sell all currencies through it?

Good luck Herman.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 10:41:44 PM
Quote from: "Herman"I download it to my laptop? Can you buy and sell all currencies through it?

No.  An exchange is just a website you'll log into.  Nothing to download.



And there is where you will buy and sell.  The easiest way for me to fund account was through Interac Online, which is instant in most cases, but there are other ways to fund also.  Identity checks were automatic for me using Interac Online, but other methods of funding will require you sending them copy of drivers licence, passport, etc.  This is required by law, and all exchanges that I know of have some form of identity check to verify who they're dealing with.



Upon my second Interac transaction, my chequing account was locked, but a quick call to the bank fixed that.  Security is everywhere.



Coinsquare claims to have never had a data breach, and it is Canadian, so perhaps easier to fund than a non-Canadian exchange.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 10:49:53 PM
At least with my account, I was limited to $300 funding transactions at a time (meaning you can do multiple $300 transactions in a row), $2,000 daily limit, and $10,000 weekly limit, but as mentioned, there are other ways to fund, should you prefer.  Transfer fees vary depending on method of transfer, and these can be found on site.



Once funds are transferred (which is instantly with Interac Online), you can trade right away.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 14, 2017, 11:03:42 PM
Just don't get tempted to do what I did today...  With account, you can instantly trade crypto for other crypto, so I thought I could time the markets by moving some shit around.



I could not, and probably lost close to a couple grand, but at this point I'm still a couple grand ahead, so it is what it is.  Plus with my work, I don't always have time to fuck around with trading on my phone.



Basically I finalized my holdings with the "Big Three:"  BitCoin, LiteCoin, and Ethereum.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 16, 2017, 01:30:42 PM
Quote from: "Angry White Male"
Quote from: "Herman"I download it to my laptop? Can you buy and sell all currencies through it?

No.  An exchange is just a website you'll log into.  Nothing to download.



And there is where you will buy and sell.  The easiest way for me to fund account was through Interac Online, which is instant in most cases, but there are other ways to fund also.  Identity checks were automatic for me using Interac Online, but other methods of funding will require you sending them copy of drivers licence, passport, etc.  This is required by law, and all exchanges that I know of have some form of identity check to verify who they're dealing with.



Upon my second Interac transaction, my chequing account was locked, but a quick call to the bank fixed that.  Security is everywhere.



Coinsquare claims to have never had a data breach, and it is Canadian, so perhaps easier to fund than a non-Canadian exchange.

The Pason system we use here in the bush is slow. I might have to wait until I am home on December 23 for four days to give it a try. I will have to sign up for Interac Online. I pay for everything online with credit cards.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 16, 2017, 03:09:46 PM
Ya, Interac online is probably the quickest, easiest way.



And bitcoin has just crested 19,000 USD.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 16, 2017, 03:48:44 PM
I've made $5,000 since I started this thread.  Would have been closer to $7,000, had I not tried to be 'Joe Day Trader' and shuffled around some holdings trying to time the markets...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 02:43:30 AM
Do NOT go ANYWHERE near Ethereum's own wallet.



Full of fucking fail.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 02:53:29 AM
Full of fucking shit, it what their own wallet is.



I have NEVER seen anything so buggy, from an outfit that claims to be a competitor with BitCoin.



No...  They are a fucking joke, and DO NOT touch their wallet.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 02:59:22 AM
Forget about holding your own keys.



ALL of these fucking wallets are buggy pieces of shit, that take literally days to download the chain, since they are crap.



Just find a secure exchange.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 03:07:18 AM
And I have a powerful desktop, so don't even try this shit if you have some laptop...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 03:09:15 AM
This shit is not without frustration.  Trust me...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 03:35:36 AM
FUCK!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 03:43:03 AM
Fuck me.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 17, 2017, 03:49:44 AM
FUCK!



I need to bow out, before I fucking explode.  Bad things happen when I fucking explode.



FUCK!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 01:14:41 AM
All is well with wallets now.  My drunken rage fueled my drive, even more, like rocket fuel fuels a jet engine.  It got things done.  All three wallets are now up to date.



Since posting this thread, I have made $8,000.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 19, 2017, 01:25:42 AM
All you needed to do was save or print out your public and private keys somewhere secure. Nothing to do with powerful laptops or large dl's.



Exchanges hold your private keys. Don"t give bad advice.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 01:31:10 AM
As a self taught investor, I discard everything that people try to tell me.  I did the same thing in Grade School.



Everything is a Ponzi Scheme, whether you like to admit it or not.



I had a good feeling, getting in, and the returns have been awesome so far.  Do I wish I entered earlier?  I won't answer that, just as the ones that sold early also, won't answer that...



Not for the faint of heart, and NOT to Third Mortgage your house for funds for...



But a small and relatively diversified holdings of Crypto is, in my opinion, as asset to an otherwise 'normal' portfolio of holdings.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 01:32:21 AM
Quote from: "Dinky Dianna"All you needed to do was save or print out your public and private keys somewhere secure. Nothing to do with powerful laptops or large dl's.



Exchanges hold your private keys. Don"t give bad advice.


For most people this would work just fine.



I prefer to download entire blockchain.



Am I wrong?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 01:42:04 AM
Downloading the entire blockchain of THREE cryptos in a short time was no easy feat.



Most people are better served by an online service like JAXX (Canadian), or the likes, if they prefer their keys without the bullshit.



I am old school.  I download the entire chain.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 01:54:09 AM
And I just made another $1,000.



I wanted life to turn out differently, but I now focus on what I can do...  Investing, and operating a trucking business (albeit small), for income.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 19, 2017, 03:10:51 AM
Quote from: "Angry White Male"Downloading the entire blockchain of THREE cryptos in a short time was no easy feat.



Most people are better served by an online service like JAXX (Canadian), or the likes, if they prefer their keys without the bullshit.



I am old school.  I download the entire chain.


Jaxx, Coinomi, Toast et cetera are software apps or interfaces only. Wouldn't call them 'online'. Exchanges are 'online'. You're entrusting your crypto and keys to an online service and there are great risks in that.



Dl'ng the BC's of cryptos serves no purpose to a crypto holder as cryptos are distributed ledgers and you're just burning data.



And by the way, the 1k gain you get today can and will be the 1-3k or more loss you get following. It's a volatile market. Best to keep your gains and losses to yourself short term wise or people will get tired of the P&D rhetoric and tune out.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 19, 2017, 03:17:34 AM
Fuck off, Dinky.



I download chain.



You do not have to.



I make profit.  You do not have to make profit.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 19, 2017, 04:57:41 AM
You're a bit of a newbie late comer to crypto currencies.



I wish you'd not talk so much shit and offer such bad advice about it.



You're souring the uninitiated.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Bricktop on December 19, 2017, 07:30:59 PM
Unlike you, eh, "Don"...



"Keeping track of my crypto and continually hedging gains with losses in order to increase long term exposures incrementally"...quote from Third Rail by "Don Kwyjibo" aka "Freud".



Tell us again..."I'm not Freud, I'm not Freud"...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Aryan on December 19, 2017, 10:09:53 PM
How's your electric bill Mel?  :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 20, 2017, 12:43:59 AM
Quote from: "SCOUSE"How's your electric bill Mel?  :laugh:

That's only for miners, which is something that most individuals don't do anymore, since it doesn't pay.



I am strictly a speculative investor, and know it would not pay to mine anymore...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Aryan on December 20, 2017, 12:51:44 AM
Quote from: "Angry White Male"
Quote from: "SCOUSE"How's your electric bill Mel?  :laugh:

That's only for miners, which is something that most individuals don't do anymore, since it doesn't pay.



I am strictly a speculative investor, and know it would not pay to mine anymore...


Yeah I was reading up on it before and it said that mining is pretty fruitless.



So what do you do, just buy the coins?



Someone on my Facebook 'friend' list posted today how they cashed in a single coin for just shy of £13k...... jammy twat!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 20, 2017, 12:53:03 AM
You would register at an exchange, and this would allow you to transfer funds in and out.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 20, 2017, 01:08:20 AM
Quote from: "Bricktop"Unlike you, eh, "Don"...



"Keeping track of my crypto and continually hedging gains with losses in order to increase long term exposures incrementally"...quote from Third Rail by "Don Kwyjibo" aka "Freud".



Tell us again..."I'm not Freud, I'm not Freud"...


 :001_rolleyes:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 20, 2017, 01:41:36 AM
Right now would be an interesting time to buy...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 20, 2017, 02:00:05 AM
I hedged today's downturn of bitcoin, with LiteCoin and Ethereum holdings.



When Bit dumped, I sold Lite and Eth at a slight profit, and loaded up on bit.



Then when bit raised up a bit again, I loaded up on some bit cash.



This is how I avoided any real losses.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 20, 2017, 02:37:00 AM
BitCoin is at an EXCELLENT price to buy right now.



If you read this is the morning, it may no longer apply...  THIS shit is VOLATILE!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 20, 2017, 05:41:25 AM
Bitcoin Cash up 40 plus percent today. It's a far better bitcoin than core at the moment. People are realizing that it's pointless to use core at 20-90 dollar fees unless you buy large and hodl.



I washed my hands of Core the other day. Purged every last satoshi and said good riddance. It's turned into a real scam.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 21, 2017, 01:53:42 AM
I use Bit Cash as a hedge against Coin...



And it has worked.



Transaction fees are moot, Dinky, since NOBODY buys pizza's with kwan anymore.  It is purely an investment vehicle now.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 21, 2017, 02:40:25 AM
Transaction fees do matter when you make micro trades daily.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Aryan on December 21, 2017, 02:43:33 AM
Man, I wish I knew this Bitcoin thing was gonna get big back in 2013, I'd have spent everything I had stocking up on the things....
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 21, 2017, 02:45:03 AM
Still opportunities in hundreds, thousands of other coins.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Aryan on December 21, 2017, 02:47:01 AM
Who's to say they will increase in value though?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 21, 2017, 03:13:22 AM
Those are the risks early bitcoin adopters took.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 21, 2017, 12:04:23 PM
Quote from: "Dinky Dianna"Bitcoin Cash up 40 plus percent today. It's a far better bitcoin than core at the moment. People are realizing that it's pointless to use core at 20-90 dollar fees unless you buy large and hodl.



I washed my hands of Core the other day. Purged every last satoshi and said good riddance. It's turned into a real scam.

What is core?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 21, 2017, 01:59:23 PM
Bitcoin Core. The one normally mentioned at the top.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 22, 2017, 05:39:43 PM
I hear bit coin is going down.  Not good news.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 22, 2017, 05:41:29 PM
Quote from: "Berry Sweet"I hear bit coin is going down.  Not good news.

Did you invest Berry?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 22, 2017, 08:37:57 PM
Quote from: "Berry Sweet"I hear bit coin is going down.  Not good news.


It was inevitable. Too much hysteria and new buyers all at once.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 22, 2017, 09:32:11 PM
People just cashed out because its christmas...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 22, 2017, 09:44:26 PM
Here's something DD and AGW might be interested in.


QuoteWhile a "Santa Claus" rally appears to be underway in the stock market, cryptocurrencies just got a visit from the Grinch.



Bitcoin and virtually all of its major rivals saw their prices plunge Friday, as the cryptocurrency bubble appears to be bursting.



Bitcoin prices sank from around $16,000 on Thursday to below $10,900 early Friday morning, before recovering somewhat to $12,000. Since peaking near $20,000 at the start of the week, the world's largest cryptocurrency has lost around 40% of its value.



It's not alone.



Rival Ethereum saw the price of an ether token slip from as high as $793 on Thursday to as low as $491 Friday morning, before bouncing back to around $600. Even with the rebound, the digital currency was still down more than 20% for the day. The same goes for Litecoin (down 20%) and Ripple (down 18%).



What's Causing the Cryptocurrency Crash?



The bullish take: This could be profit-taking among really short-term investors who just recently bet on cryptocurrencies to turn a quick profit.



We see the exit of short-term speculators and we have seen it before," Michael Jackson, partner at venture capital firm Mangrove Capital Partners, told CNBC. "The vast majority of long-term holders of bitcoin are still way in the money and have shown no sign of cashing out."



While it's true that pullbacks can be a healthy thing for market rallies in general — as they drive out buyers with weak conviction, leaving a stronger base of "true believers" — that's not likely to happen here. In fact, you should expect even more volatility and sell-offs going forward.



Why? This week's plunge in most of the major digital currencies coincides with the start of widespread trading in bitcoin futures contracts on the Chicago Mercantile Exchange, the world's largest futures exchange.



This means that for the first time, investors can bet on and against bitcoin prices, creating a potential downdraft for bitcoin. (Bitcoin futures on the CME were also down around 15% on Friday).



What's more, the growing popularity of cryptocurrencies in general is attracting a different type of investor.



In the early stages of the cryptocurrency boom, most investors were true believers who either intended to use bitcoin as currency (and therefore had a vested interest in its appreciation) or were buying the currencies for short-term gains (and were also rooting for rising prices).



Now, a wider audience is being drawn in, including institutional investors who stand to profit whether bitcoin prices go up or down.



Just this morning, Bloomberg reported that the investment bank Goldman Sachs plans to set up a cryptocurrency trading desk. Other major banks and hedge funds are likely to follow suit, creating an entirely new class of investors who don't care if prices fall as long as they're on the right side of the trade.



Meanwhile, as the nature of cryptocurrency demand changes, supply is growing. Bitcoin is no longer the only major player in this space. Ethereum, Ripple, Litecoin, IOTA, Cardano, Dash are all gaining traction. More supply thanks to this so-called Alt-coin boom means that even a slight drop off in demand could bring prices down going forward.


https://www.msn.com/en-ca/money/markets ... ailsignout
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 22, 2017, 10:21:21 PM
Bitcoin crashed pretty hard, and a lot of nervous folk scrambled to sell.



But guess what?  It's almost right back up to where it was.  Now they can buy back at a loss...  Fools.



Bitcoin is not like your average stock investment...  The exact same rules do not seem to apply.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 23, 2017, 02:15:53 AM
Quote from: "Angry White Male"Bitcoin crashed pretty hard, and a lot of nervous folk scrambled to sell.



But guess what?  It's almost right back up to where it was.  Now they can buy back at a loss...  Fools.



Bitcoin is not like your average stock investment...  The exact same rules do not seem to apply.


Bitcoin is broken. Its current Core Dev Team are broken. Its Blockchain is old and broken. The BTC and hard fork communities are broken.



Short while you can and hope that you're not sleeping the day BTC kicks the bucket. It's the crypto sacrificial lamb in the making.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Berry Sweet on December 23, 2017, 02:54:36 AM
Quote from: "Fashionista"
Quote from: "Berry Sweet"I hear bit coin is going down.  Not good news.

Did you invest Berry?

I dont feel this was something worth investing in.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 23, 2017, 09:57:37 AM
Quote from: "Angry White Male"Bitcoin crashed pretty hard, and a lot of nervous folk scrambled to sell.



But guess what?  It's almost right back up to where it was.  Now they can buy back at a loss...  Fools.



Bitcoin is not like your average stock investment...  The exact same rules do not seem to apply.


Major fluctuations were to be expected... Thats what happens when the thing is not tied into anything solid.



People are gonna buy bitcoin again and the price is gonna skyrocket again.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 23, 2017, 11:19:07 AM
Quote from: "Berry Sweet"
Quote from: "Fashionista"
Quote from: "Berry Sweet"I hear bit coin is going down.  Not good news.

Did you invest Berry?

I dont feel this was something worth investing in.

I don't blame you Berry.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 12:59:32 AM
Quote from: "Odinson"Major fluctuations were to be expected... Thats what happens when the thing is not tied into anything solid.



People are gonna buy bitcoin again and the price is gonna skyrocket again.


Correct.  You have a solid understanding of this...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 01:01:24 AM
Quote from: "Dinky Dianna"Bitcoin is broken. Its current Core Dev Team are broken. Its Blockchain is old and broken. The BTC and hard fork communities are broken.

Short while you can and hope that you're not sleeping the day BTC kicks the bucket. It's the crypto sacrificial lamb in the making.


I don't think you understand what Bitcoin has become.  It has become NOT a vehicle to buy pizza's with, or illegal guns and drugs on Silk Road.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 24, 2017, 01:45:15 AM
Quote from: "Angry White Male"
Quote from: "Dinky Dianna"Bitcoin is broken. Its current Core Dev Team are broken. Its Blockchain is old and broken. The BTC and hard fork communities are broken.

Short while you can and hope that you're not sleeping the day BTC kicks the bucket. It's the crypto sacrificial lamb in the making.


I don't think you understand what Bitcoin has become.  It has become NOT a vehicle to buy pizza's with, or illegal guns and drugs on Silk Road.


Listen, short stuff. When you've been involved with cryptos longer than the duration of a new relationship, you can offer me your opinion.



BTC is a pinata.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 01:47:02 AM
Maybe you should be employed at J.P. Morgan Chase!



Why aren't you, then?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 24, 2017, 01:48:20 AM
I have a conscience.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 01:53:26 AM
That's great then.



I am an investor, and I do not buy crypto to buy a fucking pizza.



You sold at $100.  Wouldn't matter if it went higher...  You would have sold at $1,000.



Do NOT talk to me about investing, or what Crypto's "Should Be"...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on December 24, 2017, 02:04:31 AM
Did Bitcoin and other cryptos take a spanking this week.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 02:13:39 AM
Quote from: "Herman"Did Bitcoin and other cryptos take a spanking this week.

Huge dip.



40%.



Does this make you nervous?
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on December 24, 2017, 02:15:27 AM
Quote from: "Herman"Did Bitcoin and other cryptos take a spanking this week.


Yes, cryptos as well as Mel Units.  :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Odinson on December 24, 2017, 05:05:09 PM
Quote from: "Angry White Male"
Quote from: "Odinson"Major fluctuations were to be expected... Thats what happens when the thing is not tied into anything solid.



People are gonna buy bitcoin again and the price is gonna skyrocket again.


Correct.  You have a solid understanding of this...


Well its really simple..





Now that every1 knows about it, I dont think its gonna completely crash ever..
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on December 24, 2017, 06:08:23 PM
In the spring of 2013, price of bitcoin falls from $233 to $67—overnight! That's a 71% drop.



February 2014, the price fell from $867 to $439 (a 49% drop).



June 2017, the currency nudged $3,000—but then lurched back all of a sudden, falling 36% to $1,869 by mid-July.



Climbed close to $5,000 at the start of September 2017 before plunging 37% by September 15.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: cc on January 28, 2018, 02:15:06 AM
Coincheck: World's biggest ever digital currency 'theft'



//http://www.bbc.com/news/world-asia-42845505



One of Japan's largest digital currency exchanges says it has lost some $534m (£380m) worth of virtual assets in a hacking attack on its network.



Coincheck froze deposits and withdrawals for all crypto-currencies except Bitcoin as it assessed its losses in NEM, a lesser-known currency.



It may be unable to reimburse the funds lost on Friday, a representative told Japanese media.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 01:53:05 AM
I generally invest long-term, and this means to Hold for months, if not years...



Crypto is somewhat different than your 'standard' bank investments (which I hold also), in the fact that it's your job, and only your job to protect your crypto assets.  There is no 'babysitter' here...



I pulled my crypto out of my exchange a month ago or whenever it was, and transferred it to my desktop wallet (which is also encrypted).  Now, I own it.  This can only be done by downloading the entire blockchain, and thus is really only suitable for desktops and laptops, since it's a HUGE amount of data to download, but it's the only way.



I also have two different physical 'backup' sources located in my condo, should, say, my hard drive fail, and I would have to download the chain again...  You can ONLY back this shit up, after downloading the entire chain...



The way blockchain works, is not something for the average investor, unless you are willing to learn.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 02:00:42 AM
Quote from: "Angry White Male"I generally invest long-term, and this means to Hold for months, if not years...



Crypto is somewhat different than your 'standard' bank investments (which I hold also), in the fact that it's your job, and only your job to protect your crypto assets.



I pulled my crypto out of my exchange a month ago or whenever it was, and transferred it to my desktop wallet (which is also encrypted).  Now, I own it.  This can only be done by downloading the entire blockchain, and thus is really only suitable for desktops and laptops, since it's a HUGE amount of data to download, but it's the only way.



I also have two different physical 'backup' sources located in my condo, should, say, my hard drive fail...  You can ONLY back this shit up, after downloading the entire chain...



The way blockchain works, is not something for the average investor, unless you are willing to learn.


 :001_rolleyes:



Nobody dl's the block. That's pointless.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 02:02:29 AM
Quote from: "Dinky Dianna"
 :001_rolleyes:



Nobody dl's the block. That's pointless.

I do.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 02:09:34 AM
How else are you going to get the back-up keys, without the block, Dinky?



Through a 'Third Party?'
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 02:54:27 AM
Quote from: "Angry White Male"How else are you going to get the back-up keys, without the block, Dinky?



Through a 'Third Party?'


 ac_toofunny



And you invested a sizeable amount in cryptos!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 03:00:05 AM
My shit is in my own wallet.  Encrypted, and backed up twice (Physically).



Is there something I did wrong?



If so, I would like to hear about it!
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 03:03:39 AM
You confuse private keys with mnemonic wallet backups. There is no need to dl a block when you already have your private keys from transactions.



Just stop doing it. It's silly and a waste of data and time.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 03:06:56 AM
There are TWO fucking keys needed, and only with the chain can you get those...



I don't know why you would think otherwise...



YOU are supposed to be the smart one, Dinky.



You turn out to be not no smart...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 03:10:41 AM
Unless you download the chain, you are using a 'middle man' to handle your key(s)...



You should fucking KNOW this.



I KNOW this...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 03:11:57 AM
Quote from: "Angry White Male"There are TWO fucking keys needed, and only with the chain can you get those...



I don't know why you would think otherwise...



YOU are supposed to be the smart one, Dinky.



You turn out to be not no smart...


Um, yes, you have your public and private key, dummy.



Your wallet will reveal both. Nothing to do with the block though. The block only shows public. So when you dl gigs and gigs of the most recent block ledger, you are doing absolutely nothing for yourself.



I can't believe you put in 20k yet you don't understand the basics.  :laugh:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 03:12:18 AM
Unless you have the chain, you don't have the holdings...
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 03:13:54 AM
:001_rolleyes:  ac_lmfao



Kiss that 20k goodbye. If you invest like you understand blockchain, it's toast.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Angry White Male on January 29, 2018, 03:14:40 AM
Go back and argue with Mimi, Dinky... She's almost as dumb as you, and could go on all night!



I'm out.  I have to work tomorrow.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 03:15:42 AM
Bye, poor boy.
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on January 29, 2018, 11:21:06 AM
Quote from: "Angry White Male"Go back and argue with Mimi, Dinky... She's almost as dumb as you, and could go on all night!



I'm out.  I have to work tomorrow.

 :sneaky2:
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Frood on January 29, 2018, 03:17:43 PM
Quote from: "Fashionista"
Quote from: "Angry White Male"Go back and argue with Mimi, Dinky... She's almost as dumb as you, and could go on all night!



I'm out.  I have to work tomorrow.

 :sneaky2:


He was out for all of a few minutes then back posting again.  ac_biggrin
Title: Re: BitCoin has now crested $12,000 USD.
Post by: Anonymous on January 29, 2018, 03:47:14 PM
Quote from: "Dinky Dianna"
Quote from: "Fashionista"
Quote from: "Angry White Male"Go back and argue with Mimi, Dinky... She's almost as dumb as you, and could go on all night!



I'm out.  I have to work tomorrow.

 :sneaky2:


He was out for all of a few minutes then back posting again.  ac_biggrin

That sounds like Mel.
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