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What do I think of Bitcoin

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  1. #1
    alloy2 started this thread.
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    What do I think of Bitcoin

    Just another way of hiding dirty money.



    New scrap forum uptime 100% http://scrappers.freeforums.net/

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  3. #2
    alloy2 started this thread.
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    Revised my thinking on crypto currency.


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    I watched that and went and watched the source video she talked about. Basically, cryptocurrencies were give a value to make crowdsourcing computational power to work on AI a value.

    It reminds me of the "Capcha" tests where you had to read a word and put it into a textbox to prove you were a human being and not a computer. They would give you two words and ask you to type them into a text box. One they would know, and the other the computer could not figure out. They were working to translate text to digital text and wen they found words the computer could not figure out, they would you it as a capcha puzzle. They crowdsourced the deciphering of text the computer could not figure out. They were able to give the translation of text a value they could sell to companies to safeguard their account logins.

    WE are the ones who are building AI...


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  6. #4
    alloy2 started this thread.
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    And this is probably why some do not want cyrpto currencey.

    https://twitter.com/Based_British_/s...05380609130496

  7. #5
    alloy2 started this thread.
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    I now believe that Bitcoin was a pilot project testing the waters on crypto currency, I leave it here for all to ponder.

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    alloy2 started this thread.
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    We can do it too.



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    FEDS DENY ALLEGED HACKER TO PAY BAIL WITH CRYPTOCURRENCY


    After being arrested by federal agents for allegedly hacking videogame giant Electronic Arts Inc.’s systems, Martin Marsich tried to post a $750,000 bond with cryptocurrency.
    That’s when Marsich, federal authorities and the court ran into problems that show how difficult it can be to use digital currency in the real world, even as it becomes more prevalent online. In this case making its way through federal court in San Francisco, there were concerns that selling a large stash of small and lightly traded coins could have caused severe fluctuations in their prices.

    Last known to reside in Italy, Marsich, 25, has been accused by the Justice Department and Federal Bureau of Investigation of infiltrating EA EA, -0.60% systems related to its “FIFA” soccer franchise and stealing roughly $324,000 worth of digital goods, according to court documents. Arrested at San Francisco International Airport amid a sightseeing trip to Los Angeles, Marsich tried to use his stash of cryptocurrency as bail.


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  11. #8
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    I hope you all took advantage of the opportunity to pick up some cryptos back when they were cheap. I have had some for years and decided to lock some profits in and get something tangible. I cashed in enough to get me a new (used) truck. The old '01 Toyota is nearly 300K miles and I decided I could use and enjoy an upgrade to a bigger, more comfortable truck. Got a 2016 Nissan Frontier extended cab with 30K miles. Was able to pay cash with Bitcoin I had bought years ago with money I got from scrapping.

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    Quote Originally Posted by t00nces2 View Post
    I hope you all took advantage of the opportunity to pick up some cryptos back when they were cheap. I have had some for years and decided to lock some profits in and get something tangible. I cashed in enough to get me a new (used) truck. The old '01 Toyota is nearly 300K miles and I decided I could use and enjoy an upgrade to a bigger, more comfortable truck. Got a 2016 Nissan Frontier extended cab with 30K miles. Was able to pay cash with Bitcoin I had bought years ago with money I got from scrapping.
    Whoo boy ... that's a heck of a score T. If my research was right ... bitcoin has gone from roughly 7,200.00 to over 52,000.00 in the last 18 months ?

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    Quote Originally Posted by hills View Post
    Whoo boy ... that's a heck of a score T. If my research was right ... bitcoin has gone from roughly 7,200.00 to over 52,000.00 in the last 18 months ?

    March 12, 2020 - about $4800

    Right now - about $55,000

    So in the last 12 months, it has gone up quite a bit


    I was in all the right places at all the right times to invest a bunch in btc.... just never pulled the trigger, a great regret of my life.... but oh well, cant change the past, can only go forwards!

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  16. #11
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    The market is nuts right now. People are making and losing fortunes, it's crazier than a casino.

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    The new girl....

    Last edited by t00nces2; 03-25-2021 at 06:30 PM.

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  19. #13
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    Congrats. I'm not a trader, but made a quick flip the other day... either want to put a new engine and tranny in what I have, or upgrade...

    I have a 2000 F150 5.4L..one of those 7700 models with the beefed up suspension, brakes, etc.

    I've had my mind on a 7.3L F250 Diesel, crew cab for the kids, long bed for the scraps. Used of course...

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    I looked at buying 200 coins ( NZ$1000 worth ) when it was $3.. I couldn't find solid info on how or where to buy Bitcoin & after about a hour I gave up.

    ****.

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    Quote Originally Posted by kss View Post
    March 12, 2020 - about $4800

    Right now - about $55,000

    So in the last 12 months, it has gone up quite a bit


    I was in all the right places at all the right times to invest a bunch in btc.... just never pulled the trigger, a great regret of my life.... but oh well, cant change the past, can only go forwards!
    Yeah right, moving forward it is still good to invest in btc. It is projected to reach 200k this year.

  22. #16
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    Quote Originally Posted by wildliferacer View Post
    Yeah right, moving forward it is still good to invest in btc. It is projected to reach 200k this year.

    "They" have said that every year lol.

    but i do throw like $20/wk into it just incase

  23. #17
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    Quote Originally Posted by kss View Post
    "They" have said that every year lol.

    but i do throw like $20/wk into it just incase
    Depending on how long you have been doing that, you could be an incredibly wealthy man.

  24. #18
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    Quote Originally Posted by t00nces2 View Post
    Depending on how long you have been doing that, you could be an incredibly wealthy man.

    Not nearly long enough lol.... Maybe... 1 year. I am not an incredibly wealthy man, its at about $2k at the moment

  25. #19
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    Quote Originally Posted by kss View Post
    "They" have said that every year lol.

    but i do throw like $20/wk into it just incase
    Don't worry dude, Bitcoin is like anything else; it's worth what people are willing to pay for it.


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