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17 November 2017, 10:32 AM | #121 | |
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17 November 2017, 10:38 AM | #122 |
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No one is questioning the tech and block chain, I'm purely referring to investing in it at the levels it is trading at. The only statement made by Buffett in that interview regarding to investing that I took away is there is a “real bubble in that sort of thing.” I apologize if that's not in the actual article as it's in the market watch link within the article. The title of the Fox Biz article also did simply say "Warren Buffett: Bitcoin is a 'real bubble'"
Jamie Dimon who is also referred to in that article is responsible for $2.5 trillion in assets. Do I take someone like that seriously? Yeah, it's worth giving it some thought for me. My last point on this is there are much smarter and financially savvy people I trust as I don't consider myself knowledgable enough to give financial advice. 1) Buffett. 2) My bro who works at a hedge fund 3) My best friend who went to Harvard and MIT and works at the SEC All 3 say the same thing when I ask. My personal take is like how Mark Cuban phrased it...if you bet on bitcoin, "you've got to pretend you've already lost your money." It may skyrocket for sure, but I'd probably compare this closer to gambling than speculating. Not risk-adverse? Go for it. I'm more of a slow and steady kind of guy personally. |
17 November 2017, 01:43 PM | #123 |
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Bull semen.
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17 November 2017, 04:58 PM | #124 | |
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17 November 2017, 05:17 PM | #125 | |
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One thing to mention about Jamie Dimon is that he is completely terrified of Bitcoin. Just like you mentioned he handles $2.5 trillion assets and Crypto is becoming a huge threat to that number. He has been saying Bitcoin is in a bubble since Bitcoin was 1000$. Here is a tweet from former JPMorgan executive Alex Gurevich in response to Jaime Dimon https://twitter.com/agurevich23/stat...371712?lang=en He also threatened to fire any employee who trades Bitcoin https://nypost.com/2017/10/12/jamie-...itcoin-bluster I had another article but sadly can't find it. During that same time he made that tweet bashing Bitcoin, his team was speaking at a Blockchain Convention. You're entitled to your opinion on the matter. I'm not going to say anything you are saying is wrong. Everything you have mentioned I have already looked over and it seems I just land on the other side. Just wanted to clear up some points you were trying to make. There seems to be a lot of people who read this and try to learn since quite a few from this forum message me wanting to know more. |
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18 November 2017, 03:06 AM | #126 |
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Anyone here mining ETH?
Wondering if any of you are also dual mining? If you are, what are you guys mining? Sia? |
18 November 2017, 03:08 AM | #127 |
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I'm establishing a new crytocurrency called "flipcoin". Here's your chance to get in on the ground floor. Initial offering is $500.00. per unit.
Oh, I also have a bag of "Ponzi magic" beans that comes with every order of 10 "flipcoins". A tulip bulb with orders 20. Don't miss out! All kidding aside, with gubbermints voracious appetite for "revenue enhancement", they will not pass up the opportunity to find a way to control and tax these instruments somehow.
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18 November 2017, 03:18 AM | #128 | ||
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I don't personally mine, but I have friends who have multiple rigs. From what I have gathered from them is that most check what the most profitable coin is to mine and switch as that changes. There are minning softwares that also will automatically switch to the most profitable coin. Quote:
Thanks for backing up all your statements with facts. The internet is also a Ponzi scheme, if we wait long enough that bubble will burst too |
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18 November 2017, 03:31 AM | #129 |
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I use nicehash (auto mines most profitable, 3% fee, pays in btc) and only mine for fun.
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18 November 2017, 04:49 AM | #130 |
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Technology behind blockchain is legit... Now the prices of the unestablished & unbacked current digital coins is something that I would call gambling more than investing.
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18 November 2017, 05:45 AM | #131 |
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Really interested to see what happens to NEO next week.
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18 November 2017, 05:51 AM | #132 | |
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I think most will agree with that. People invest in internet companies, (which did burst with the "dot.com" bubble, probably before your time), not the "internet". Time will tell. 'nuff said.
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18 November 2017, 07:02 AM | #133 | |
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But look at Apple, Amazon, Google today.
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18 November 2017, 08:01 AM | #134 |
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18 November 2017, 12:07 PM | #135 |
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25 November 2017, 05:13 AM | #136 | |
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Interesting.
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Interesting, considering Mark Cuban made millions on bitcoin. Buffet is also famous for saying one thing and doing another. Example: He was a major contributor to Obama and the blocking of the keystone pipeline, because he has the rail contracts to move the oil. He also publicly talked about global warming, because it allowed him to raise insurance rates in florida, even though they hadn't had a hurricane in 20 years. He talked about this in one of his investor calls. In Jamie Dimon's case, this is a criminal from the 2008 crisis, and now of course he's afraid of bitcoin, because without central banks, we don't need Jamie Dimon. Bitcoin may or may not collapse / etc. but listening to what these guys say isn't always easy to figure out. |
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25 November 2017, 02:48 PM | #137 | |
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https://thecryptocurrencyforums.com/...urrency-taxes/ |
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25 November 2017, 03:16 PM | #138 |
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Ethereum is finally making some moves
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25 November 2017, 07:27 PM | #139 |
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I wish I had the balls to do it when I first started looking into it.
It seemed/seems pretty unsecure and with the current price, I can’t afford much anyway.
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26 November 2017, 01:28 AM | #140 | |
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Hindsight is a funny thing. good luck if you decide to venture in cryptos. |
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26 November 2017, 01:45 AM | #141 |
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just saw bitcoins are $8600, I still have .011 left over from my last transaction I used BTC for years ago. worth almost a cool $100 now. BTC was at $300 when I bought it. I had a friend who talked me out of investing in bitcoin in highschool, I would've been a multi millionaire now had I. all my friends were using it for the dark web, I was like, Eventually these are going to explode and people are going to want to hide currency. he told me I was an idiot. there's still plenty of gains to be realized, I need to start my research again and start investing. High risk High Rewards. I see youtube videos of 15 yr old millionaires because of these currencys
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26 November 2017, 01:46 AM | #142 |
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my friend used to mine ETH, I'll have to ask him if he still is. He accused me of destroying one of his mining servers when I was there last time so I haven't talked to him since. Techies can be a paranoid bunch
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26 November 2017, 02:00 AM | #143 |
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buy litecoin ltc.
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26 November 2017, 05:03 AM | #144 |
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In one month , 116618lb coming my way soon :) |
26 November 2017, 05:08 AM | #145 |
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Cryptocurrency, who has it?
Ive heard both sides of the argument on crypto currency. Personally because it’s used so much on the dark web mostly for devious and illegal activities and is virtually untraceable I think it will remain a valuable resource until it can be regulated. But I’m by no means any kind of expert but if criminals can find a use for it I think it will continue and we will see more and more different kinds.
Now unfortunately it’s not profitable to mine bitcoin but many crypto miners have started mining the newer ones. Sent from my iPhone using Tapatalk |
26 November 2017, 10:45 AM | #146 |
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This is an interesting chart, all you hear about is crypto and bitcoin is $100B but compared to derivatives, it is a drop in the bucket.
http://www.visualcapitalist.com/worl...=SocialWarfare |
26 November 2017, 11:04 AM | #147 | |
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Cryptocurrency, who has it?
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I actually watched a YouTube video about a week ago on an 18 year old that started mining it when he was 11 when you could mine about 8-10 coins a week in 2010. A lot of money now. Sent from my iPhone using Tapatalk |
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27 November 2017, 08:34 AM | #148 | |
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Just a quick list of businesses that I can think of that has integrated crypto as a payment option: Bloomberg CheapAir.com Overstock.com Mozilla PayPal Fidelity Charitable Expedia Dish USAA Bing Intuit |
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27 November 2017, 09:15 AM | #149 | |
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27 November 2017, 09:16 AM | #150 | |
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