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Where will Bitcoin be on 9/4/2018?
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9 members have voted
| January 8th, 2021 at 7:03:46 AM permalink | |
| AcesAndEights Member since: Oct 24, 2012 Threads: 6 Posts: 351 |
Holy moly! I own ~0.02 BTC. Bought on the way down a while back for $200. Now worth $1k. I'm not selling it now, that's for sure. I consider it part of my precious metals stash, to be sold in retirement to fund living expenses, along with stocks and bonds etc. But I do wish I had bought a bit more back in ~March or so...says everyone with the 20/20 hindsight. "You think I'm joking." -EvenBob |
| January 8th, 2021 at 8:11:10 AM permalink | |
| DRich Member since: Oct 24, 2012 Threads: 51 Posts: 4961 |
I would argue no wealth was created as someone has to pay that $41k if you sell. That person is losing $41k of wealth and you are gaining it. It seems like a zero sum game to me. At my age a Life In Prison sentence is not much of a detrrent. |
| January 8th, 2021 at 8:34:29 AM permalink | |
| AZDuffman Member since: Oct 24, 2012 Threads: 135 Posts: 18204 |
Pretty much! Also Bitcoin is a deflationary currency. Because there will never be more than 21 million of them each one is worth more as more dollars are printed off. It takes less to buy the same thing next year. The President is a fink. |
| January 8th, 2021 at 12:19:03 PM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
 At the time 0.4038 BTC * $640.69 per BTC = $258.71. But even so the computer could be bought for less cash, but they were still talking about bitcoin as an alternative currency in 2014. Chris Moore gave me BTC as payment for doing a problem for them based on a comment I made on Wizard of Vegas. His name was Chris Moore (@dooglus) , who ended becoming a multimillionare with bitcoin. He has thousands of bitcoins and ran a website from Canada called Just Dice. Chris offered a rather casual bet on his website regarding Martingale Strategy made what he thought was a casual bet, but somebody accepted the bet for 50BTC (~$30,000 at the time, but millions today). He won the bet but he realized he was lucky because he miscalculated the odds. On June 23rd 2014 Dooglus, announced that they would be suspending all betting and investment into Just Dice. They made the change based on regulations released by the Canadian goverment and did not share when they would be bringing gambling back online. |
| January 12th, 2021 at 11:59:26 PM permalink | |
| rxwine Member since: Oct 24, 2012 Threads: 189 Posts: 18756 |
https://www.marketwatch.com/story/he-could-be-on-the-verge-of-unlocking-a-220-milliion-fortune-or-losing-it-forever-11610468562#:~:text=For%20Stefan%20Thomas%2C%20that%27s%20the,eight%20times%20to%20no%20avail. You believe in an invisible god, and dismiss people who say they are trans? Really? |
| January 13th, 2021 at 3:17:58 AM permalink | |
| Pacomartin Member since: Oct 24, 2012 Threads: 1068 Posts: 12569 |
 Iron Key Good advertisement for Iron Key. But $220 million for strings of digits. That is pretty impressive loss to something mundane as a forgotten password. Early written documents reveal the difficulty with which individuals learned to trust written documents as reliable evidence over verbal oaths, symbolic objects such as pieces of turf or swords, or witness accounts, even when conveyed by descendents of long-dead primary actors. The solutions adopted by early authors of official documents are relevant to the study of paper money because they in turn became the standard features employed to authenticate currency: signatures, seals, dates, inscriptions, and artistic ornamentation.  The Bahamas, the first country to issue digital banknotes (restricted to $500 per personal account) may be the first country to get rid of banknotes. The central bank circulates an inordantly large number of $1 bills (over 60 per person) which is very costly to the government.   The Bahamian central bank has a $50 and $100 bill, which are 75% of the circulating banknotes by value. The $50 circulates at 8 notes per person, and the $100 circulates at 4.5 notes per person. The Bahamian central bank may simply prefer to stop issuing smaller value (<$50) banknotes and simply rely on digital currency for the lower denominations. Right now the Bahamian central bank is circulating <$300 in coins and small value banknotes (<$50) per person. |
| January 13th, 2021 at 3:40:42 AM permalink | |
| OnceDear Member since: Nov 21, 2017 Threads: 11 Posts: 1509 |
OMG. Who did they get to sit for that portrait of HM Queen Elizabeth II ? (Queen of the Bahamas) |
| January 13th, 2021 at 4:28:21 AM permalink | |
| Tanko Member since: Aug 15, 2019 Threads: 0 Posts: 1978 | If gold and US Treasuries can be manipulated, how much easier is it to manipulate BTC? In September, JPM paid a $920 million fine for manipulating precious metals and Treasuries. The case covers eight years, but they could have been doing it longer than that. They were ‘spoofing’’. Putting in large orders with no intention of executing them. Didn’t matter whether ‘buy’ or ‘sell’, JPM got the market to move in the desired direction. |
| January 13th, 2021 at 7:31:10 AM permalink | |
| terapined Member since: Aug 6, 2014 Threads: 73 Posts: 11791 | I dont understand bitcoin I just got a text from my nephew who is big on this and follows it closely He insisted I buy So I just bought 1k worth of bitcoin on coinbase Just dipping my toe in Told my nephew if I eventually sell, will split the profit if it goes up +0.02935759 BTC @ $33,562.70 per BTC Sometimes we live no particular way but our own - Grateful Dead "Eyes of the World" |
| January 13th, 2021 at 8:17:09 AM permalink | |
| SOOPOO Member since: Feb 19, 2014 Threads: 22 Posts: 4170 |
It is only up $1,000 since you bought it. But it is SO volatile after I finish typing this that will have changed. |