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  1. #41
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    I do not know enough about cyber currencies to invest in them. I do know about physical materials to invest in (land, horses, guns, and machines). Their value in monetary means may fluctuate, but their physical value or survival value never changes.

    The first 50 years are for learning, the next 50 are for living.

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  3. #42
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    Quote Originally Posted by HipoGear View Post
    If the government can eliminate cash, they will be able to track and control everyone a bit easier. Wonder what the drug dealers will use?
    The drug and sex trades are probably what is keeping cash afloat. The Feds don't need to track everyone, just the the people with enough legitimacy to make them afraid to lose what they have by becoming criminals. It's like the Proles in 1984; they have more "freedom" because they are extended almost no state service.

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  5. #43
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    https://www.cnbc.com/2017/08/02/bitc...-currency.html

    A new digital currency called "bitcoin cash" was created yesterday by the splitting of the bitcoin blockchain.
    •Everyone who held bitcoin before the split was entitled to receive the same number of "bitcoin cash" tokens.
    •The price of the new token has rallied nearly 200 percent from around $214 to $628.

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  7. #44
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  9. #45
    t00nces2 started this thread.
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    I am going to dispense the best advice I can, buy some Bitcoin. Do not dump the rent money, but buy some Bitcoin. Spend no mre than you would a really smoking weekend with your wife. Hold for 10 years. Have a smoking weekend with your wife every weekend. Bitcoin is the internet in 1990.

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  11. #46
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    Curious as to why now? Don't you think it might be a bit too late?

    My Dad bought 6 way back when it was on it's initial climb up. Then it fell hard but he has held on to it. I'm not certain but I think his initial investment was something like $400. I should have listened to him then. But now, at $4,000 per, kind of feels like a bubble only because there are so many other crypto currencies available now.

    So sock it to me, what is the current thinking on buying now?
    Last edited by HipoGear; 08-29-2017 at 07:26 PM. Reason: Add to it
    Copper, brass, and Leather. 3 of my favorite things.

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  13. #47
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    Not many people know but we are mining at the shop, quite heavily invested at this point, also very very secretive. My coinbase grows faster than AMD stocks did last year lol.

    By the way, I am capable of payments via bitcoin, always have been, but nobody asks.
    WI ITAD LLC, IT Liquidation Services, we remarket, buy and sell scrap electronics No customer too large or small!

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  15. #48
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    To clarify, bitcoin's ultimate ceiling is driven by it's effective real world conversion, in other words, only so many "bitcoins" exist. As the currency is used more and more and accepted at more retailers, it too grows, it is counter-inflationary as well because unlike our banking system, the only way to get more bitcoin is to hash and mine more, and the difficulty increases with time making hashing out a bitcoin WAAAAAY more difficult, further increasing it's value...

    There is a science behind it, it's a bit over my head lol.

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  17. #49
    t00nces2 started this thread.
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    Quote Originally Posted by HipoGear View Post
    Curious as to why now? Don't you think it might be a bit too late?

    My Dad bought 6 way back when it was on it's initial climb up. Then it fell hard but he has held on to it. I'm not certain but I think his initial investment was something like $400. I should have listened to him then. But now, at $4,000 per, kind of feels like a bubble only because there are so many other crypto currencies available now.

    So sock it to me, what is the current thinking on buying now?
    Because it is still in the beginning. I did not say to invest everything you have, I said what you would spend on a wild weekend. You do not have to buy an entire coin, you can buy pieces of coin. $4,500 is still nothing compared to the projected value of what the coin will be worth. Yes, it looks like Bitcoin has run up on a tear, but this tear is just beginning. We are entering a new paradigm that started with the proliferation of computers. We are at the start of the industrial age, only this transition is going to be spectacularly fast. I am still on the fence as to whether the end product will be good or bad, but, in my opinion, this is one change that you can see coming. Currency that is not controlled by government is as big a change as information that is not centrally controlled.

    Your choice, gamble a small amount to have the possibility to wind up with a big win, or no, and look back at this conversation in three years as the price of Bitcoin eclipses 100K.... Or in three years, look back on having done the same thing with $200 you did with the $200 beer you drank.

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  19. #50
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    Quote Originally Posted by armygreywolf View Post
    By the way, I am capable of payments via bitcoin, always have been, but nobody asks.
    I may just have to send you a small order (small only because I don't have much at the moment) to get paid in Bitcoin. I need to find my wallet information first. That is very cool.

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  21. #51
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    I have enough in bitcoin right now to make a few single box transactions. And I agree, bitcoin is still in it's infant stages. But like I said before, because bitcoin is considered a finite commodity, it's trade price is based on expected holdings, mining difficulties and the ultimate effective hash rates around the world. Figure bitcoin accounts for roughly .004% of the total gdp in trade. Just one major retailer like amazon adoption would mean an over time trade price in excess of 40k a coin, if not more. It's the nature of crypto, it's how it works, generating finite resources and using them as commodities, similar to how the gold standard kept the value of the dollar in check.

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  23. #52
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  25. #53
    t00nces2 started this thread.
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    Very few investments rise continuously with no pullback.

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