Bitcoin

George Costanza
Edited Date/Time 11/13/2022 11:32am
Anyone here own bitcoin or other cryptocurrencies?

I wanted to buy a little, but was wondering what wallet you guys use or recommend?

Jeez, i remember hearing about bitcoins back when they were $10-$15/EA... hindsight 20/20 i guess.

What about Ether? Anyone think that has the potential to grow like bitcoin has?
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kevingent55
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kevingent55 10/27/2017 9:46am
10/27/2017 9:46am
I was going to buy a bitcoin at $1800, kicking myself that I didn't. I did buy an Ether at $180 so that is working out OK so far, it's at around $300 I think. I use the Ethereum wallet locally on my machine, syncing is a bitch at first until you get the block holding your data. I bought in because I am a technolgy employee and just wanted to get in the game and learn about cryptocurrencies in general.
XXVoid MainXX
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XXVoid MainXX 10/27/2017 10:17am
10/27/2017 10:17am Edited Date/Time 10/27/2017 10:18am
A buddy bought a bitcoin a few months back. He keeps bragging about it. Smile
FolkLoar
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FolkLoar 10/27/2017 12:49pm
10/27/2017 12:49pm Edited Date/Time 10/27/2017 1:36pm
Was pretty close to pulling the trigger on a $15k chunk of Bitcoin a few years ago. Would have made $2.9 mil on the first big boom. Kick myself daily... haven’t really been following it too close the past year. Saw this thread and checked today’s price. I made a good return on the small amount I do have.
IWreckALot
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IWreckALot 10/27/2017 1:40pm
10/27/2017 1:40pm
I was listening to John McAfee talk about how easy it is for someone to steal your bitcoins. Seems like it is way too easy to lose your bitcoins if you aren't a very competent computer coder.

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ocscottie
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ocscottie 10/27/2017 2:10pm
10/27/2017 2:10pm
FolkLoar wrote:
Was pretty close to pulling the trigger on a $15k chunk of Bitcoin a few years ago. Would have made $2.9 mil on the first big...
Was pretty close to pulling the trigger on a $15k chunk of Bitcoin a few years ago. Would have made $2.9 mil on the first big boom. Kick myself daily... haven’t really been following it too close the past year. Saw this thread and checked today’s price. I made a good return on the small amount I do have.
My dad did the same, he owns some now and a few others, but nothing like what he could of made it he pulled the trigger back when he was going to.
FolkLoar
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FolkLoar 10/27/2017 3:45pm
10/27/2017 3:45pm
IWreckALot wrote:
I was listening to John McAfee talk about how easy it is for someone to steal your bitcoins. Seems like it is way too easy to...
I was listening to John McAfee talk about how easy it is for someone to steal your bitcoins. Seems like it is way too easy to lose your bitcoins if you aren't a very competent computer coder.
You just gotta keep them on a separate hard drive or computer that is not kept online.
Bob693
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Bob693 10/27/2017 4:08pm
10/27/2017 4:08pm
I use coinbase. I don't have much in but bought Litecoin a couple months ago.
Old-Man
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Old-Man 10/27/2017 4:32pm
10/27/2017 4:32pm
Hahaaa, I was one of those Nerds who had the Dedicated Puter doing the mining and when it finally found a code I was Like "Yeah!, never thought they would become as popular as they have become.


All the codes have been found now so there is no more, what is out there is all there is. That's why they have become so valuable.

Lotta copy cats but Bitcoin is the Horse of all of them. What helped is that some big end stores got involved and started taking Bitcoin as payment. they know that they will stay very valuable in years to come
Squidward
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Squidward 10/27/2017 5:07pm
10/27/2017 5:07pm
Old-Man wrote:
Hahaaa, I was one of those Nerds who had the Dedicated Puter doing the mining and when it finally found a code I was Like "Yeah...
Hahaaa, I was one of those Nerds who had the Dedicated Puter doing the mining and when it finally found a code I was Like "Yeah!, never thought they would become as popular as they have become.


All the codes have been found now so there is no more, what is out there is all there is. That's why they have become so valuable.

Lotta copy cats but Bitcoin is the Horse of all of them. What helped is that some big end stores got involved and started taking Bitcoin as payment. they know that they will stay very valuable in years to come
Yup. I watched a pretty good documentary on bit coin. The mines in china pulling in all the coins are incredible. Love the value of the coin because they aint making anymore, but then you got the hogs hording them all so it's ridiculously hard to get any. All I know is tons of economic geniuses have said its the best currency in the world. Wish I had some...
Gale19XX
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Gale19XX 12/9/2017 6:27pm
12/9/2017 6:27pm
I'm kicking myself now because I was using bitcoin for so long, never really understanding it or paying attention to it at all. I was playing a lot of online poker and my bank didn't allow for those transfers so a buddy told me about bitcoin. I basically used it as my online gambling bankroll for a year or so, the entire time thinking it was basically a PayPal alternative. I had a pretty good cashout in a tournament and sold what I had to get the cash.

I recently decided to buy $100 worth of bitcoin just to get in the game and learn more like someone said above. Seems like a pretty interesting thing going on.
hillbilly
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hillbilly 12/9/2017 6:41pm
12/9/2017 6:41pm
I invest in copper, copper and corn. My portfolio is on fire.
Gale19XX
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Gale19XX 12/9/2017 7:33pm
12/9/2017 7:33pm
hillbilly wrote:
I invest in copper, copper and corn. My portfolio is on fire.
Scrapyards are a little too strict in my area. If they were a hair less strict, my portfolio would be looking stellar as well.
ocscottie
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ocscottie 12/10/2017 9:28am
12/10/2017 9:28am
Bob693 wrote:
I use coinbase. I don't have much in but bought Litecoin a couple months ago.
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL Sure be nice of it takes off like some people predict.
colintrax
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colintrax 12/10/2017 10:21am
12/10/2017 10:21am
I like to gamble, but I aint fixing to take a gamble on Internet currency.
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scott_nz
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scott_nz 12/10/2017 10:24am
12/10/2017 10:24am
wish i had taken a gamble on it a couple of years ago, when i first heard about it, but i cant see how it can keep going up,
Rhino
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Rhino 12/10/2017 4:19pm
12/10/2017 4:19pm
Someone is going to walk away with a lot of peoples money.
Whatever happened to the billions that "disappeared"

What if say, the US government bans it's use here for businesses because technically they could hide sales, and paying sales tax.. You are fooked.
Bob693
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Bob693 12/10/2017 5:57pm
12/10/2017 5:57pm
Bob693 wrote:
I use coinbase. I don't have much in but bought Litecoin a couple months ago.
ocscottie wrote:
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL...
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL Sure be nice of it takes off like some people predict.
Yeah, it's nerve wracking. I can't decide if I want to sell, buy more, or hold and see what happens. I'm leaning towards holding for now.

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ToolMaker
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ToolMaker 12/10/2017 7:22pm
12/10/2017 7:22pm
hillbilly wrote:
I invest in copper, copper and corn. My portfolio is on fire.
Gale19XX wrote:
Scrapyards are a little too strict in my area. If they were a hair less strict, my portfolio would be looking stellar as well.
my guess is he was talking about a (copper) still Wink
Gale19XX
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Gale19XX 12/10/2017 8:13pm
12/10/2017 8:13pm
ToolMaker wrote:
my guess is he was talking about a (copper) still Wink
Right. Over. My. Head!
TrailDigger 12/12/2017 8:28am
12/12/2017 8:28am
Rhino wrote:
Someone is going to walk away with a lot of peoples money. Whatever happened to the billions that "disappeared" What if say, the US government bans...
Someone is going to walk away with a lot of peoples money.
Whatever happened to the billions that "disappeared"

What if say, the US government bans it's use here for businesses because technically they could hide sales, and paying sales tax.. You are fooked.
How could they though?

That’s almost the whole point of it. It’s peer-to-peer and not backed by any entity. It’s like trading and bartering. When you cash out, you trade the BTC for USD, or whatever else you are buying. Just because it has intrinsic value, doesn’t necessarily mean it can be controlled that way. Everyone can stop using Bitcoin tomorrow, then it’s worthless and it’s hard to tax nothing, although the government might try, especially when you don’t know WHO has Bitcoin.
ocscottie
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ocscottie 12/12/2017 8:32am
12/12/2017 8:32am Edited Date/Time 12/12/2017 8:34am
Litecoin caught fire last night, doubled my $$$ in two days. Will be nice if it continues to rise as predicted, daddy needs a new pair of shoes! (err I mean chair). Cool
ocscottie
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ocscottie 12/12/2017 8:37am
12/12/2017 8:37am Edited Date/Time 12/12/2017 8:39am
Bob693 wrote:
I use coinbase. I don't have much in but bought Litecoin a couple months ago.
ocscottie wrote:
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL...
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL Sure be nice of it takes off like some people predict.
Bob693 wrote:
Yeah, it's nerve wracking. I can't decide if I want to sell, buy more, or hold and see what happens. I'm leaning towards holding for now.
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so hard though! What if I take it out and it skyrockets? lol tough decision man.
ducknuts
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ducknuts 12/12/2017 9:18am
12/12/2017 9:18am
ocscottie wrote:
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL...
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL Sure be nice of it takes off like some people predict.
Bob693 wrote:
Yeah, it's nerve wracking. I can't decide if I want to sell, buy more, or hold and see what happens. I'm leaning towards holding for now.
ocscottie wrote:
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so...
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so hard though! What if I take it out and it skyrockets? lol tough decision man.
Hold on to it!!! You're going to regret it bigely if you don't.
Rhino
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Rhino 12/12/2017 9:28am
12/12/2017 9:28am
Rhino wrote:
Someone is going to walk away with a lot of peoples money. Whatever happened to the billions that "disappeared" What if say, the US government bans...
Someone is going to walk away with a lot of peoples money.
Whatever happened to the billions that "disappeared"

What if say, the US government bans it's use here for businesses because technically they could hide sales, and paying sales tax.. You are fooked.
TrailDigger wrote:
How could they though? That’s almost the whole point of it. It’s peer-to-peer and not backed by any entity. It’s like trading and bartering. When you...
How could they though?

That’s almost the whole point of it. It’s peer-to-peer and not backed by any entity. It’s like trading and bartering. When you cash out, you trade the BTC for USD, or whatever else you are buying. Just because it has intrinsic value, doesn’t necessarily mean it can be controlled that way. Everyone can stop using Bitcoin tomorrow, then it’s worthless and it’s hard to tax nothing, although the government might try, especially when you don’t know WHO has Bitcoin.
I don't know. It's like buying something that doesn't exist to me.

It's like a ponzi scheme for tech nerds. If someone pulls the plug, someone walks away with all the money. And who is that?

Or what if governments make using it illegal? Tax free sales, hidden sales, no sales taxes being paid.

No doubt, it's gambling, like a backroom poker room, but the tables are tilted.
500guy
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500guy 12/12/2017 9:43am
12/12/2017 9:43am
ocscottie wrote:
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so...
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so hard though! What if I take it out and it skyrockets? lol tough decision man.
Have a plan and stay to it.

That shit is to much make believe for me, get your money back and every time it doubles pull it out again, that way when it all goes to shit and it will you won't be kicking yourself for being greedy.
huck
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huck 12/12/2017 10:08am
12/12/2017 10:08am
ocscottie wrote:
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL...
Same here, my dad does coinbase and he bought me some litecoin, watching it go up and down will make you rip your hair out LOL Sure be nice of it takes off like some people predict.
Bob693 wrote:
Yeah, it's nerve wracking. I can't decide if I want to sell, buy more, or hold and see what happens. I'm leaning towards holding for now.
ocscottie wrote:
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so...
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so hard though! What if I take it out and it skyrockets? lol tough decision man.
How do you get USD out of it?? Let's say your litecoin is worth $10,000 (real dollars)...can you say "I"m out, give me $10,000 in cash"?
George Costanza 12/12/2017 10:42am
12/12/2017 10:42am
Bob693 wrote:
Yeah, it's nerve wracking. I can't decide if I want to sell, buy more, or hold and see what happens. I'm leaning towards holding for now.
ocscottie wrote:
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so...
I told myself once my $$ doubles I'll take out my initial investment, and let the rest ride on, that way it's all gravy! It's so hard though! What if I take it out and it skyrockets? lol tough decision man.
huck wrote:
How do you get USD out of it?? Let's say your litecoin is worth $10,000 (real dollars)...can you say "I"m out, give me $10,000 in cash"?
Pretty much... if its worth $10k that means there are currently people buying it for that much. Its like a live online auction all the time for it, just like other stocks/currencies.

I ended up buying ethereum 2 weeks ago for $459...

The biggest problem i see, is that when there is a LOT of traffic on the sites used for buying/selling, the site will crash.

not good if you want to sell when the price is shooting up.. also not good if you want to buy during a crash.
ocscottie
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ocscottie 12/12/2017 11:10am
12/12/2017 11:10am
500guy wrote:
Have a plan and stay to it. That shit is to much make believe for me, get your money back and every time it doubles pull...
Have a plan and stay to it.

That shit is to much make believe for me, get your money back and every time it doubles pull it out again, that way when it all goes to shit and it will you won't be kicking yourself for being greedy.
Good idea Jay.

As far as getting your $$ out, we are using www.Coinbase.com

They say 90% of the cybercurrency out here is fake, thats a pretty scary rate.

I know a lot of people making a lot of money doing it. Im not in it for the long haul, dont think i can handle the swings LOL just gonna get in and out and hope to turn what i put in to make enough for a new chair, im not looking to get rich.

My older bro's best friend got in real early and cashed out for a cool 1.3mil. Thats a pretty nice chunk on change.
Rhino
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Rhino 12/12/2017 1:21pm
12/12/2017 1:21pm
Lotta people will make big. More will lose tremendously.

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