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13 June 2017, 09:38 AM | #61 | |
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13 June 2017, 09:49 AM | #62 | |
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13 June 2017, 09:58 AM | #63 |
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13 June 2017, 10:34 AM | #64 |
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Cool story I read, the first thing ever purchased with Bitcoin was 2 Papa Johns Pizza's back in 2010 for 10,000 bitcoins, at the time was worth about $41 altogether, now those same 10k bitcoins would equal around $25million
Some may think what a waste it was but without the first purchase proving it was possible maybe it would have never taken off and get to where it is today I don't own any coins but have been trading some CFD's and made a few $ on both BTC and ETH, almost enough for that new PAM I've been eying |
13 June 2017, 02:52 PM | #65 | |
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Considering that most TRF members are not institutional-sized investors, they should have no problem selling their digital currencies at market value. I acknowledge that the really big ones may have problems due to the depth of the market. |
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13 June 2017, 10:10 PM | #66 |
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In my decade experience of being a professional trader (and this is generally true of everyone) If they constantly draw attention to how much money they made and "want everyone to do as well as them" it is most likely not true.
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14 June 2017, 02:17 AM | #67 | |
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You could use your DECADE of experience to do 5 minutes of research. Take a look at the graphs, take a look at the volume, take a look at the market cap, take a look at the purposes of the technology behind it. |
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14 June 2017, 03:18 AM | #68 | |
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If I told you I bought Apple when it split for $92 and it keeps going higher and I am making a ton of money and the gravy train will never slow down and you should get in now cause you will make a ton of money, cause anecdotally, I made money. Does that bring legitimacy to me or the investment? Or would it be a better idea to investigate it yourself? There are some people in the thread dismissing it because they don't know or have heard bad things and you are dismissing them because they don't want to invest in it. Doing your own research is one thing, getting in because someone said so is another thing. The thing with Crpyto is that the people wanting to bring legitimacy to it, almost have an illegitimate effect. I can tell you one thing, the central banks have a very strong reason to keep things how they are and crypto isn't in their master plan. |
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16 June 2017, 12:52 AM | #69 |
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16 June 2017, 02:18 AM | #70 | |
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BTC keeps seeing resistance at 3000, 2 weeks ago same thing happen. Might be seeing BTC hit 1800-2000$ before correction. Tuesday was definitely a huge bull trap for a lot of people new to crypto. |
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17 June 2017, 07:34 AM | #71 |
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I've been holding a few different cryptos since late 2015 and am very happy :)
The key is patience and believing in what you're buying just like with anything else. More sellers on here need to start accepting BTC/ETH as payment with the super low fees and no paypal BS or risk of chargebacks plus they can instantly deposit it to their bank account so no risk of value fluctuation. Sent from my iPhone using Tapatalk
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17 June 2017, 09:27 AM | #72 |
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Times change. I'm sure people had the same scepticism when stocks first came out. "Why should I pay hundreds of dollars for a piece of paper, I'll stick to gold" etc. The OP has illustrated that at the moment the investment community for cryptocurrency is mostly arrogant teenagers taking a punt but given time I think these cryptocurrencies will become a perfectly normal investment option for educated investors who use market data, do research, just like stocks are today.
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17 June 2017, 09:32 AM | #73 |
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Exactly. I once made a 5000% return betting on a horse race. Using their attitude, I should call anyone an idiot for not betting on horses
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23 June 2017, 12:00 AM | #74 |
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Flash Crash in ETH yesterday. One of the crypto currency discussed here. A multi-million dollar sell order took ETH down from $317 to $224 (30% slippage) in one order, this resulted in stop loss triggers bringing ETH down to near zero. It did bounce back up, but imagine how pissed you would be if you got stopped out and couldn't get back in at a good level.
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23 June 2017, 09:29 AM | #75 |
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I just dont get the whole mining coins. Seen some videos of computer rooms that use enough power to take care of a small city.
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24 June 2017, 02:47 AM | #76 | |
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They are built to confirm transactions in the block chain. This video explains it in simple terms for newer people in crypto https://www.youtube.com/watch?time_c...&v=GmOzih6I1zs |
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24 June 2017, 12:09 PM | #77 | |
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24 June 2017, 05:32 PM | #78 | |
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26 June 2017, 01:31 PM | #79 |
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i would not go so far as to suggest mining to this community, but no doubt crypto isn't going anywhere.. the more proven it becomes, wider spread it's adoption, the higher its value will rise.
it's inevitable. my biased opinion clearly stated, let me pose the following question: any plans to start accepting bitcoin for membership dues? :) |
8 August 2017, 04:32 AM | #80 |
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Still ballin!
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8 August 2017, 05:55 AM | #81 |
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Latest Forbes issue on this subject is a good read.
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8 August 2017, 05:59 AM | #82 |
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8 August 2017, 07:05 AM | #83 |
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Well... Cryptocurrency has actual use to it. For example, for my trip to Colorado last weekend... I used bitcoins to pay for my plane tickets (expedia accepts btc). I also used bitcoins to pay for a new laptop and tv through Newegg.
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8 August 2017, 08:08 AM | #84 | |
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It's in bitcoin of course so it's gone up from what the mined amount was at the time of deposit. I just leave it running when I'm not at home. Not a dedicated mining machine, but I just move that bitcoin around into up and coming currencies. So why not.
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15 August 2017, 02:52 AM | #85 |
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15 August 2017, 04:41 AM | #86 |
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15 August 2017, 06:11 AM | #87 |
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15 August 2017, 07:02 AM | #88 |
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All of this reminds me of a huge scandal which was in France 300 years ago, the king hired a scottish guy who had this brilliant idea of using paper money which was supposed to be indexed to Gold but it wasn't, they were just printing like nowadays, some people made huge fortunes, selling on time, the ones who bought high and didn't sell on time were ruined badly. It was John Law, in 1716, it was a huge scandal, basically it was built on air, like the euro and dollar in reality, their value is just backed by the "reputation" of the countries printing them, and the central banks, great job bringing on Greece, Spain, Italy and Portugal on the euro by the way, the best economic motors of the EU , and like all speculation at one point it went BANG, really don't know why but everytime I hear about these currencies, I think of that story, basically it's air, in case too many people want to change them for cash at the same time, it will hurt badly. But hey if your timing is right sure you can make a fortune, just like some people did with Law's system...
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15 August 2017, 07:20 AM | #89 |
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Bingo, exactly what happened with Law's system, the bankers got together, and with wagons full of his paper money, went in front of his offices, and asked to be paid in gold, which he obviously couldn't, which brought the whole thing down, the Central banks can buy a good amount of crypto, and at once sell, the whole thing will come crumbling down, it is just air but hey what do I know, at the same time in most countries, the retirement system isnbased on the Ponzi scheme, or pyramid or Bernie Madoff, same thing, as long as younhave more people coming in the work place and paying taxes it's all good, when it's not the case anymore it's all over, and every European country and many others took example of this huge scam to invent the retirement of the seniors, isn't that great? Take the biggest scam and make it into law
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15 August 2017, 08:17 AM | #90 |
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Is there any data on how many things are actually purchased with cryptocurrency? Or is all the hype just about trading cryptocurrency?
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