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-   -   Bitcoin as an investment? (http://forums.pelicanparts.com/off-topic-discussions/788739-bitcoin-investment.html)

nynor 12-08-2017 07:27 PM
Quote:
Originally Posted by Alan A (Post 9842255)
The big rotation into alt-coins today seems to have missed ripple.

I'm betting Monday will be a zoo. I know extended hours futures for XBT starts Sunday, but Monday is when everyone will pile in.

Anyone care to guess the direction? I'll put myself out there and go with a down swing at first. Too much $ to be made on a drop, and it's due a good pullback. Anyone else care to hazard their 0.02BTC?
i am betting against a drop.

Alan A 12-08-2017 07:58 PM
Guess we shall see.

As an aside does anyone else have NEO?
Heard there's a chance that China will endorse and it'll become the Chinese version of Ethereum. It's anecdotal, so again take it for what it cost you.

And for full disclosure I own some.

biosurfer1 12-09-2017 07:02 PM
Im thinking a big drop, possibly followed by a big rise, though not to new highs.

I doubt ripple will do much, and I'm fine with that. Get rich slowly.

manbridge 74 12-10-2017 07:38 AM
Easily hacked/manipulated dark web BS?


http://forums.pelicanparts.com/uploa...1512923893.png

sammyg2 12-10-2017 10:15 AM
<iframe width="560" height="315" src="https://www.youtube.com/embed/uuVh36vQkSI" frameborder="0" gesture="media" allow="encrypted-media" allowfullscreen></iframe>

sc_rufctr 12-10-2017 11:34 AM
https://www.theatlantic.com/business/archive/2017/12/bitcoin-bubble/547952/

dewolf 12-10-2017 07:12 PM
There are plenty of naysayers. Bitcoin is as just a digital currency. I can use it to pay bills, I can send it to people and I can convert it to cash. It is no different to what you use now. You pay your bills online, you swipe your card at the shops etc. So is your bank account digital currency until you convert it cash at an atm? Bitcoin is the same. And I have nothing to do with the dark web.

cstreit 12-10-2017 07:42 PM
So... anyone mining it? I posted in another thread.. no response. I’m shocked no one here is trying.

Craig T 12-10-2017 07:52 PM
http://forums.pelicanparts.com/uploa...1512967962.jpg

manbridge 74 12-10-2017 08:00 PM
From the comments in article above..

So a national government or some political sub-unit (state, city, county, province, canton, etc.) is going to accept BTC to pay taxes? Because until that happens "fiat currency" isn't going to die.

The whole thing is ridiculous. BTC is only useful as a way to buy illegal stuff and buy across national borders since no currency conversions are necessary. But BTC is a terrible store of value (kind of important for a currency) and because no one needs BTC (the way I need USD to pay my city, county, state, and federal taxes) it has no intrinsic value so there's always a risk it will be "myspace-ed" one day by a competing crypto currency like Ethereum.

But I wish you early adopters well and please post up some cool rags to riches pics.

dewolf 12-10-2017 09:14 PM
Wow that guy doesn't know what he's talking about. I can pay my tax with my BTC. In fact, I can pay any company etc with a biller code.

JJ 911SC 12-11-2017 02:13 AM
Bitcoin is not the only crypto currency and they can be sold or bought at some ATM machine.

http://forums.pelicanparts.com/uploa...1512990559.jpg

http://forums.pelicanparts.com/uploa...1512990723.png

dewolf 12-11-2017 03:39 AM
And more to come next year as all Hyosung ATM's will be Crypto Compatible.
The thing I like about paying a bill with Bitcoin is, next week I have more money than I started with. If the price drops I use normal currency. If the price is rising I use BTC.

cstreit 12-11-2017 05:23 AM
Quote:
Originally Posted by dewolf (Post 9844324)
And more to come next year as all Hyosung ATM's will be Crypto Compatible.
The thing I like about paying a bill with Bitcoin is, next week I have more money than I started with. If the price drops I use normal currency. If the price is rising I use BTC.
The thing is - it has to become more stable to be widely accepted. I think we'll see more regulation coming soon now that its got attention from the gen pop. Some widow will lose her life savings on it and spawn that.

Technically your plan above you could do with dollars... ...pay in cash when the value drops - use a credit-card when its rising. :)

widebody911 12-11-2017 06:22 AM
http://forums.pelicanparts.com/uploa...1513005747.jpg

widebody911 12-12-2017 08:40 AM
https://www.cnbc.com/2017/12/11/people-are-taking-out-mortgages-to-buy-bitcoin-says-joseph-borg.html

widebody911 12-12-2017 08:41 AM
https://qz.com/1153649/the-sec-chief-has-a-new-warning-for-ico-investors-buyer-beware/

cstreit 12-12-2017 08:42 AM
Thats REALLY stupid.

When they lose their ass, they will complain the loudest and cry for regulation.

javadog 12-12-2017 08:50 AM
What's the best way to get out of the bit coin?

ZAMIRZ 12-12-2017 08:59 AM
Sell on an exchange. Coinbase and I think Gdax are the most popular (in the US at least), but there are other ones like Kraken and Poloniex that are good too.


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