Crypto Currencies / NFT discussion

Dark Helmet

Dark Helmet

My Schwartz is bigger...
Oct 13, 2013
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How many people own some bitcoin or other?
Ive been using Bitcoin for a bit now for some purchases, but didnt hold any. I talked with a co-worker back in 2011 about getting some but didnt follow through...I held a couple Litecoin for a while, but sold the a couple months back and bought some Ripple. I hold a little over a thousand XRP at this time. Its doubled in value in the past few days. I dont think it has the potential to hit thousands of dollars, but I do think it can get to $100 eventually. Ill just hold on to it and hope it doesnt just die out. Maybe I can cash out eventually and get a bitcoin or two from it..Who knows..
 
I can't bring myself to trust something tangible where I don't know who the hell is holding it, accounting for it, and can disappear without a trace with zero accountability.
 
Plainview said:
I can't bring myself to trust something tangible where I don't know who the hell is holding it, accounting for it, and can disappear without a trace with zero accountability.
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I agree with that completely. Thats why I only use mad money.Money I would blow in a casino(which isnt much)..
I have roughly $200 invested at this time and its worth about $600 right now.
 
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Dark Helmet said:
I agree with that completely. Thats why I only use mad money.Money I would blow in a casino(which isnt much)..
I have roughly $200 invested at this time and its worth about $600 right now.
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That's good. People dropping 10's of thousands on it now are insane.
 
Blockchain is here to stay and so is bitcoin but has all the hallmarks of a bubble.
 
I just heard the guy from moneyanswers.com on the radio recommend Ripple. He also thinks that Bitcoin is going to get to $100,000 by this time next year
 
TheGeneral said:
Blockchain is here to stay and so is bitcoin but has all the hallmarks of a bubble.
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Yeah, I think that's pretty much what's going to happen. It'll be the replacement for gold in all those "get your money out of the banks and stock markets because them liberals in the gub'mint are going to rape your guns and destroy the economy" in ten years.
 
A couple coworkers mine. They've tried convincing me to do it but meh. Maybe worth making some bank but just to get a decent mining rig going you are out a few grand up front for it. I've got better ways to spend my money than blowing it on a rig just to get screwed in the end like always.
 
Viktor said:
A couple coworkers mine. They've tried convincing me to do it but meh. Maybe worth making some bank but just to get a decent mining rig going you are out a few grand up front for it. I've got better ways to spend my money than blowing it on a rig just to get screwed in the end like always.
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I still don't understand how people "find" bitcoin. It makes no sense to me.
 
Ripple at $.82 right now.My value has gone up $200 since starting this thread.
People who feel they missed out on Bitcoin are probably fueling this right now.
BTW, Mcdonalds is rumored to start accepting bitcoin soon. I dont think that can work though. Bitcoin transactions are costing too much right now. They are also fairly slow.
I wanted to transfer the last bit of bitcoin I had in a wallet to another. It was $15 worth and was going to cost about $12 to transfer.
 
Plainview said:
It's going to pop and people are going to lose life savings.
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The bit coin bubble has already burst and started over three times since it became a thing. And each time the next bubble started the value of it increased even further. But yeah, it’s very volatile.
 
Plainview said:
I still don't understand how people "find" bitcoin. It makes no sense to me.
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They don’t find them, they compute them. And as has already been said, it takes a huge amount of power to compute one, or even a piece of one.
 
Plainview said:
Yeah, but, how, why, who determines what is "currency". I don't get it.
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It’s value is based on its demand. That’s what makes it a currency. People want it and will pay for it.
 
D-V-ANT said:
It’s value is based on its demand. That’s what makes it a currency. People want it and will pay for it.
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But what are people actually getting with these high powered computers? What are they "calculating", who determines what they are calculating?
 
Plainview said:
But what are people actually getting with these high powered computers? What are they "calculating", who determines what they are calculating?
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Have a read about it. I’d probably explain it wrong. I don’t work with block chain too much.
 
Ripple up to $1.12
Ive made a little over $400 since this time yesterday. Wish I had bought more months ago..
 
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Bitcoin is an interesting commodity, but terrible as a currency, especially now that everyone is riding it so hard. I bought a tenth of a Bitcoin 3 years ago and put it in cold storage using some then-highly rated software. I did what it said and I thought it was good. With the price skyrocketing since then, I got interested in digging it up and for a variety of complex reasons that are too uninteresting to go through here, I can't access my bitcoin because of the s***ty software I was using. It's just sitting there in a digital locker on the blockchain.

The reason why currency works successfully is different than why the blockchain is so damn interesting. The blockchain can be adapted to a variety of different things and processes, but its use in a currency is still pretty limited. Bitcoin, in particular, is so fundamentally flawed for reasons that Satoshi could have never forseen that, yes, it'll ride high as the cryptocurrency flagship, but it'll also highlight why they won't work for a very long time. The volatility, the lack of user friendliness, the lack of participating vendors, the regressive nature of the currency and the insane transaction fees are dooming the thing to one of history's interesting relics. Will there be some cryptocurrency that will figure it out? Possibly, but that's so far out it's painful to think of.
 
TFX said:
Bitcoin is an interesting commodity, but terrible as a currency, especially now that everyone is riding it so hard. I bought a tenth of a Bitcoin 3 years ago and put it in cold storage using some then-highly rated software. I did what it said and I thought it was good. With the price skyrocketing since then, I got interested in digging it up and for a variety of complex reasons that are too uninteresting to go through here, I can't access my bitcoin because of the s***ty software I was using. It's just sitting there in a digital locker on the blockchain.

The reason why currency works successfully is different than why the blockchain is so damn interesting. The blockchain can be adapted to a variety of different things and processes, but its use in a currency is still pretty limited. Bitcoin, in particular, is so fundamentally flawed for reasons that Satoshi could have never forseen that, yes, it'll ride high as the cryptocurrency flagship, but it'll also highlight why they won't work for a very long time. The volatility, the lack of user friendliness, the lack of participating vendors, the regressive nature of the currency and the insane transaction fees are dooming the thing to one of history's interesting relics. Will there be some cryptocurrency that will figure it out? Possibly, but that's so far out it's painful to think of.
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That's why I think Ripple will take over eventually. 4 second transaction times and the fees are negligible, something like $. 00004 right now. Ripple up to $1.65 now.
 
Dark Helmet said:
That's why I think Ripple will take over eventually. 4 second transaction times and the fees are negligible, something like $. 00004 right now. Ripple up to $1.65 now.
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I hope all you made money on this stuff. I didn't touch it as it's too volatile.

Although for any of you wanting to make some speculative cash, toss some money into marijuana stocks. Have made good money there.

Never the less, Bitcoin will not be accepted as a true commodity because of the processing time. Dark helmet is right. No bank or investment companies want to be stuck in Bitcoin processing times, especially with something that is currently the most volatile investment vehicle there is right now.

Ripple is possibly the best digital currency play right now. Many people have never heard of it as all they know and hear is Bitcoin.

(My bro got in on Ripple at 20 cents! and is up over $100,000!... and that's when he said it was at $1.25!)
 
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thinking about having a dabble. One of my employees put in 3k in a few different coins and now as over $14k
 
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