Anyone own Bitcoin?
I currently have two small positions in Bitcoin and Ethereum. Anyone else own any digital currencies? Any thoughts in general about them?
I currently have two small positions in Bitcoin and Ethereum. Anyone else own any digital currencies? Any thoughts in general about them?
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In gerneral, It's the next big thing, web 4.0
In general, the applications of block chain were previously unimaginable - literally. As a result, it's opened up countless multi-billion dollar markets, yet to be tapped.
Crypto's are undervalued relative to their potential long term value. Problem is, we just don't know when these applications will be successfully executed, hence the volatility/risk. In the next year? Doubtful (although we'll see progress). By 2020? More likely. By 2025? Definitely lots of progress. By 2030? The next big thing will appear, enabling applications that will be unimaginable even in 2030 and blockchain may possibly be disrupted
I have traded in and out of ethereum, nxt or dash a couple of times. Volatility is crazy, so you can easily day trade this stuff.
I own Bitcoin and Iota.. Long-term trade.. I believe this is the next big thing too.. Are you a student? PM me and let's talk..
What's your Ethereum position look like, what upside your hoping for? If I buy a crypto it'll be Ethereum.
My Ethereum position is rather small compared to my overall portfolio so I am definitely holding for the long term. I purchased Bitcoin when the price was around $2500 per coin and started my Ethereum position when the coin was around $300. I would be tempted to close out/begin to take profits out of my Ethereum position when/if it crosses the 1k mark.
Personally, I own a sliver of Bitcoin but have seen some gain on it. As for Ethereum, I own a little more 1 whole coin. My position is long term, there are times where I want to sell because of the risk involved but then again the possible reward is what keeps me going!
This is why trading is like gambling for most people.
I have a small stake in Bitcoin and Ethereum. Even with the volatility now I think it's worth holding long term. Many of the higher powers in the tech world seem to think it'll one day replace or completely change the Central Banking system. Worth holding onto just to find out in my opinion.
Last couple days have been quite the ride for Bitcoin & Ethereum!
Buy a coin or two of a few different alt coins and hold them for 20 years. Worst case scenario--you lose$5k. Best case scenario--you own the Hamptons.
Bitcoin over 4k, hell of a ride so far....
What do you think about Bitcoin currency? (Originally Posted: 12/03/2012)
http://www.technologyreview.com/news/424091/what-bitcoin-is-and-why-it-…
So what do you think? Im investing little something into Bitcoins. If it really become mainstream currency I will have more money than you can even dream of.
You are 5 years too late.
I wrote about it a while back http://1percentblog.com/fake-currency/ and people made good money in the first few months it began gaining interest - I as well am way too late
I like the concept, If the currency is eventually established on the mainstream, the value will be the energy cost of producing one coin (aka will fluctuate depending on energy costs in different parts of the world)
My only beef is hackers. Maybe someone can hack into it and produce millions of coins and everything collapses.
Kind of like the Federal Reserve?
Thats just nonsense. Is USD value same as the value of printing costs? Offcourse not. The value of one bitcoin will be the market capitalization divided by 21 million wich is the the upper limit for the number of coins. And because of this limit, more there will be users, more there will be value for one Bitcoin. If there wouldnt be that 21m limit, then you would be right.
Offcourse hacking is always threat, but same can be said about traditional banks, or about Paypal too. And just creating more Bitcoins is not mathematically possible if I have understood correctly. There is very fine cryptographic principles underlying this.
Look up bitcoin mining! The more runpower you give to cracking the code, the more chance you have of earning a bitcoin.
Problem is that to have sufficient chance ou need a hell of a lot of computers linked together so operating cost exceeds the benefit
I know what bitcoin mining is and apparently I know much more about it than you do. More people wants Bitcoins ----> more the miners can charge for one bitcoin= Bitcoin value up. And after 21 million, no-one can mine more Bitcoins so value will skyrocket even more if there still is demand for bitcoins. I mean come on! This is finance forum. Shouldnt be that hard...
i didnt know there was an upper limit. I just know of bitcoin because I once dwelled in the deep web
I only recently learned about the Deep Web and was blown away. Sounds mostly terrifying.
What the hell were you doing there?
I wanted to see if it was real. What you find on the surface is mostly harmless, but I eventually found myself in a chat with a lot of people coming in and out. One guy posted a .onion domain and I went in it. I was there less than 10 minutes.....mostly hackers and drug dealers but I've never felt so scared of being tracked/identity stolen in my life.
I wanted to see if it was real. What you find on the surface is mostly harmless, but I eventually found myself in a chat with a lot of people coming in and out. One guy posted a .onion domain and I went in it. I was there less than 10 minutes.....mostly hackers and drug dealers but I've never felt so scared of being tracked/identity stolen in my life.
Some people advice to not go in there unless you are going through a completely blank cpu in a public wifi zone or you must be extremely adept at internet security.
Yeah the upper limit is the beauty of it. Its like gold standard 2.0. That truly prevents inflation and makes it deflationary as long as there will be users. Offcourse if everyone stop usin Bitcoins then the prices will drop, but I think there is pretty good change that once critical mass is there, this thing will skyrocket.
Aren't bitcoins almost exclusively used for child porn, human, weapon and drug trafficking?
Any chance I can short your bank account brainiac?
I have made a good amout of many after this post from you. And value of bitcoin is going up and up. IN YOUR FACE!
And its going up! I have more than double my investments! Haha suckers!
I read a few articles that claim the reason bitcoins have been gaining popularity is because drug traffickers and other international criminals use them to launder profits and to hide their tracks from law enforcement agencies. It looks like your market is headed for a lot more regulation.
http://online.wsj.com/article/SB100014241278873243732045783746113511252…
I paid/bribed for my BB job with bitcoins on the Deep Web
How them bitcoins tasting now?
'I think 2017 could be a continuation of 2016, in terms of it being a growth year for bitcoin's price. We are clearly Ina bull market for bitcoin now, and my experience tells me that bitcoin bull markets don't end until the previous high ($1,150 In December 2013) is exceeded, and that the new price is several multiples higher than the previous high. "In the short five-and-a-half years that I've been following bitcoin, I've seen this pattern repeat Itself three times already. After seeing bitcoin price forecast you may understand it. ' 1. USD exchanges and demand have driven bitcoin prices higher while Chinese exchanges have taken a backseat.
Although no resistance remains beyond the ATH, there are mathematical methods to calculate the next resistance zones, such as pivots and Fibonacci extensions, which yield targets of $1,400 and $1,445 respectively.
Bitcoin never traded above $1,242, a Mt. Gox ATH, or above the USD price of gold per ounce.
Bitcoin, or more generally cryptocurrency, is an important advancement and potentially massively disruptive, in ways that can't now be predicted, much like how the impacts of the internet couldn't have been accurately predicted. Like so many technologies, it enable both generosity and malice. There is a massive black market served with bitcoin, but there is also tremendous culture of generosity within bitcoin.
I still don't see in your post how this differentiates bitcoin from currency; dollars have been used, also, for both nefarious and good.
I've made a huge return with Bitcoin, just in the last couple months. I don't know why one poster said it's "too late." Whenever the news about China banning ICOs came out, I bought $10000 at about $3800, and then a week later it was up to roughly $4800. And now of course it's at $7300. A 200% retuen over a couple months isn't bad st all. And And evry single fork is just like a guaranteed return on your money, because you know the price is going up in anticipation of the fork, barring some untimely regulation or something out of the norm.
Right now, I have most of my money in Monero, WTC, Vertcoin, the latter of which greatly improves upon the decentralized aspect of the currency. I feel like every person has their $0.02 about the crypto space, but the fact of the matter is, nowadays, Bitcoin is a geat store of value, is immune to inflation, and improves upon other payment processors.
Though I have to read up more on Bitcoins I do sincerely belive "What goes up one day must come down."
When it explodes y'all will be taken by a massive laugh attack
It still has a relatively low market cap. I think, yeah, maybe it is a bubble, but there's a ton of money to be made on the way up. I truly believe this is a novel technology that's going to become very popular in the decades to come, so if the bubble does pop, it's only going to be a small blip in its overall trend upwards.. Like how Amazon dipped ridiculously low in 2001, but looking at the chart from 1990 to present, it's almost unnoticeable, and has grown so much in that time. People who truly believe in this technology for the long-term are making reasonable investments.
anyone who believes that this is its peak price will be very sorry. Buy now and you will see substantial gains no stock could match. To those who think its a bubble... stay in your lane, this is out of your forte.
I always see it in grocery stores but never used it lol
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