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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?

Always love to bounce this kind of stuff off the Planet. Have any of you done any research into Bitcoin, and if you hold any opinions on the concept I'd love to hear what you think.





Last edited by ChiefRocka; 07-16-2017 at 05:12 PM..
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Old 06-17-2017, 04:51 PM   #301
Jewish Rabbi Jewish Rabbi is offline
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Anyone have a hardware wallet? I'm into some serious money right now and want to keep it more secure. Any recommendations?
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Old 06-17-2017, 05:07 PM   #302
BlackHelicopters BlackHelicopters is offline
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What do you not understand?
Where the value comes from.
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Old 06-17-2017, 06:05 PM   #303
BossChief BossChief is offline
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Where the value comes from.
Well, duh.

It says coin in the title.
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Old 06-17-2017, 06:06 PM   #304
TambaBerry TambaBerry is online now
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Well I'm ok with that. I similarly do own some penny stocks and said the same thing.

You're on an interesting ride, that's for sure!
I missed out on Bitcoin because I was a broke college student.
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Old 06-17-2017, 07:08 PM   #305
Jewish Rabbi Jewish Rabbi is offline
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Originally Posted by theelusiveeightrop View Post
Where the value comes from.
As with anything, value is defined by what someone is willing to pay for it.
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Old 06-17-2017, 07:12 PM   #306
BlackHelicopters BlackHelicopters is offline
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Quote:
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As with anything, value is defined by what someone is willing to pay for it.
The setup just seems right for massive losses.
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Old 06-17-2017, 08:04 PM   #307
ChiefRocka ChiefRocka is offline
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Anyone have a hardware wallet? I'm into some serious money right now and want to keep it more secure. Any recommendations?
trezor
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ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.ChiefRocka Forgot to Remove His Claytex and Got Toxic Shock Syndrome.
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Old 06-18-2017, 12:47 AM   #308
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Quote:
Originally Posted by Demonpenz View Post
no idea what this means can you explain?
Buy on downside, not up. It went to 350 form round 400. I bought 100 @350. Sold 385 hoping for 400.

Penzed.
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Old 06-18-2017, 12:57 AM   #309
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Quote:
Originally Posted by ChiefRocka View Post
trezor
Yes many. Cold wallet for Long-term. Short-term exchange but Coinbase sucks if run either way. 2fa all. 2FA should be required or a concern if not by the exchange/site. Its far from safe but damn invested $4000 2 years ago and the total after 2 years is more than my 401K after 10 years. Preach on CP.
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Old 06-18-2017, 04:20 AM   #310
ChiefRocka ChiefRocka is offline
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Quote:
Originally Posted by Smed1065 View Post
Yes many. Cold wallet for Long-term. Short-term exchange but Coinbase sucks if run either way. 2fa all. 2FA should be required or a concern if not by the exchange/site. Its far from safe but damn invested $4000 2 years ago and the total after 2 years is more than my 401K after 10 years. Preach on CP.
Funny money.
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Old 06-18-2017, 05:40 AM   #311
Demonpenz Demonpenz is offline
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Quote:
Originally Posted by Smed1065 View Post
Buy on downside, not up. It went to 350 form round 400. I bought 100 @350. Sold 385 hoping for 400.

Penzed.
I bought high and the shit crashed next day hehe glad people are having fun with this expensive video game.
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Old 06-21-2017, 10:59 PM   #312
BossChief BossChief is offline
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Quote:
Originally Posted by Demonpenz View Post
I bought high and the shit crashed next day hehe glad people are having fun with this expensive video game.
So a decent way to look about that is the same product that you were willing to pay 350-400 for (because you felt it had the potential to multiply that number many times over) is now "on sale".

Look at the short and long term trends for these financial products and you will notice big swings in both directions and in many cases, a big dip is followed by a huge surge.

Buy low sell high

Can't get too discouraged after just a week of an investment.

For the same price you could get 2 for a few days ago, you can almost get 3 now.

If you still think it has potential to go to much higher peaks, bows the time to load up.

It's called dollar cost averaging.

You spend 400 on the first one and the next 2 you got for 300 each, so you're into each one at 333.

It goes back to 400, you made a nice profit. Sell high and let the market do its natural "correction" to drop some in price and do it again.

Try to get rich.
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Old 06-21-2017, 11:07 PM   #313
Demonpenz Demonpenz is offline
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I am well versed in stocks and investing. I am just poking fun at the knuckleheads that bought this thinking they were going to cash in soon. On the flip side it does concern me when it is time to get my money out, oh well I am only in for 300 anyways. Pissed more money away at Jerrys Bait shop
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Old 06-22-2017, 06:27 AM   #314
lewdog lewdog is offline
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Quote:
Originally Posted by BossChief View Post



It's called dollar cost averaging.

You spend 400 on the first one and the next 2 you got for 300 each, so you're into each one at 333.


that's not dollar cost averaging.
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Old 06-22-2017, 06:31 AM   #315
TambaBerry TambaBerry is online now
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Originally Posted by Demonpenz View Post
I am well versed in stocks and investing. I am just poking fun at the knuckleheads that bought this thinking they were going to cash in soon. On the flip side it does concern me when it is time to get my money out, oh well I am only in for 300 anyways. Pissed more money away at Jerrys Bait shop
If anyone thought they'd make. Quick buck in this is an idiot. I'm buying ethereum to hold for at least around 5 years
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