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Functionista
Join Date: Jul 2011
Location: CO
Posts: 7,717
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Complete with huge carbon footprint rivaling a volcano. What’s a green to do.?
Who got out wif da loot!
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Jeff 74 911, #3 I do not disbelieve in anything. I start from the premise that everything is true until proved false. Everything is possible. |
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Registered
Join Date: Sep 2015
Location: NY
Posts: 6,863
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Yes and no.
Got out in December. Paid cap gains. A lot of cap gains. Got back in heavily at about 2x where it is now at the start of the year. Silly me. Succumbed to FOMO. On paper I’m down more than I care to admit in the public domain, but since I didn’t max out credit cards or borrow against the house I’m fairly sanguine. I still think it’ll come back. |
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The Unsettler
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Paid one of my guys $20k for a gig right around a year and a bit ago.
He got into Crypto. Beginning of the year had North of $400k. He hung in too long and dropped to $90K or so. 4+x's return was still not bad for 6 ish months. He texted me last week looking for more work. ![]()
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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Almost Banned Once
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- Peter |
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Registered
Join Date: Mar 2016
Posts: 916
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The new Venezuelan peso might have better growth opportunities than Bitcoin.
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Registered
Join Date: Dec 2001
Location: Ky, USA
Posts: 1,127
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Still cant buy much of anything with it. I know if I looked I could find something to buy with BC, But I NEVER see it in use in day to day purchases. Calling it a currency is a joke. Tulips anyone?
. Last edited by 911_Dude; 10-07-2018 at 01:35 AM.. |
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Get off my lawn!
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Quote:
I always wondered about the real usefulness of bitcoin or any crypto currency. I do not and have no plans to start buying anything like military weapons, diamonds, human slaves, or the stuff like I see in the movies. I do understand investments, but I like to understand just what my investment is. Stocks are cryptic enough. I avoid derivatives and other sketchy investments. Good luck with investing in bitcoin. I will stick to more traditional items. Real estate and equipment for my business.
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Glen 49 Year member of the Porsche Club of America 1985 911 Carrera; 2017 Macan 1986 El Camino with Fuel Injected 350 Crate Engine My Motto: I will never be too old to have a happy childhood! |
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Binge User
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I'm glad I can finally buy a good GPU for half the price they were last year. Miners are liquidating on ebay. Still waiting for RAM prices to drop.
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Paul |
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Registered
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Quote:
Solving crypto does not involve graphics. Can you post a link of an item that has come down in price?
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1986 Bosch Icon Wipers coupe. |
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Binge User
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It's high end cards. I tried to buy a GTX 1070 last year & couldn't find one under $700. I just picked up a MSI Armour GTX 1070ti, which is a better card, for under $300. This LINK might explain it.
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Paul |
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Registered
Join Date: May 2013
Location: Upper Midwest
Posts: 1,190
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GPU's are good a crunching numbers, which is what bitcoin mining is.
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Who, What, When, Where, Why and How. |
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The Unsettler
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Quote:
But not all data is the same. Think all poodles are dogs but not all dogs are poodles. GPU's have 100's of cores and can handle multiple x's as many threads.. They excel at performing repetitive calculations on large data sets. It's basically a computational workhorse which is a different task than what a CPU is expected to do.
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"I want my two dollars" "Goodbye and thanks for the fish" "Proud Member and Supporter of the YWL" "Brandon Won" |
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....
Join Date: Feb 2008
Posts: 18,611
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Bitcoin, any of the crypto currency is the currency for illegal goods and services.
Bubble or not. There's still a need for it, and will stabilize to a reasonable amount.
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dolor et pavor |
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Registered
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Quote:
Did you lose most of the initial profits when you doubled down at a "discount" ?
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1986 Bosch Icon Wipers coupe. |
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Almost Banned Once
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^^^ Don't click on the link. SPAM reported to admins.
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- Peter |
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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Name an asset that people can predict exactly where its price would go?
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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Registered
Join Date: Apr 2001
Location: Linn County, Oregon
Posts: 48,484
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Taxes...they always go up.
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"Now, to put a water-cooled engine in the rear and to have a radiator in the front, that's not very intelligent." -Ferry Porsche (PANO, Oct. '73) (I, Paul D. have loved this quote since 1973. It will remain as long as I post here.) |
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Former Options Trader !!!
Join Date: Feb 2003
Location: Bucks County PA
Posts: 6,756
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True, but taxes are not an asset unless you're the government.
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Current:88 Guards Red Coupe, 89 Coupe Track Rat, 76 Caddy Eldo Convert. 2015 Aprilia Tuono Wrecked 1987 Targa Guards Red, 2003 Ducati ST4S Sold 1987 Granite Green Targa, 993's, 93 RSA, other 964 coupes, 89 911 Turbo Ruf mods, 90 e30 M3, 07 BMW R1200S STOLEN 94 Speedster |
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Banned
Join Date: Jan 2005
Location: cutler bay
Posts: 15,141
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Quote:
per cpu to do block chains to earn bitcoins and many miners use many such rigs so they both drove up prices and limited supply |
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?
Join Date: Apr 2002
Posts: 30,340
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All my $ are listening to DylanYo
![]() Responding to real idjuts is a big enough task....is it not? |
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