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ChiefsPlanet (https://www.chiefsplanet.com/BB/index.php)
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-   -   Money Bitcoin Take? (https://www.chiefsplanet.com/BB/showthread.php?t=270065)

MahiMike 05-27-2017 06:18 PM
Quote:
Originally Posted by scho63 (Post 12891512)
I'm a pretty smart guy who can usually understand things after being explained to me once, if not twice for sure.

This whole cryptocurrency backed by nothing confounds the hell out of me too.

I can't help but correlate this to the great "Tulip Bulb" craze in Holland hundreds of years ago that destroyed many.
Actually no crazier than the US dollar. It's just paper they can print more of.

Hog's Gone Fishin 05-27-2017 06:31 PM
Been trying to study this on the interweb and it always brings me back to one site:

http://www.chiefsplanet.com/BB/showt...84830&page=104

BWillie 05-27-2017 08:11 PM
Quote:
Originally Posted by MahiMike (Post 12892126)
Actually no crazier than the US dollar. It's just paper they can print more of.
And they dont keep printing more which devalues USD. Honestly bitcoin could be a lower cost for governments to accept as currency. No overhead for them, no cost to produce or maintain.

You can even print out bitcoin and have it only available as paper money if you are scared

ChiefRocka 05-28-2017 06:47 AM
"If you're Offered a Seat on a Rocket Ship, You Don't Ask What Seat. You Just Get On"

New technology, tough to comprehend, is changing legacy industrial landscape. No doubt this is another Dot Com bubble in the making...there will be winners and many losers.

https://medium.com/@balajis/thoughts...s-436109aabcbe

BossChief 05-31-2017 12:36 AM
Quote:
Originally Posted by Iowanian (Post 12892042)
I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example.

I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English.
US currency isn't really backed by gold anymore, either.

It's a confidence based system.

Been that way for awhile now.

Hootie 06-04-2017 07:51 PM
Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!

ChiefRocka 06-05-2017 04:54 AM
https://s-media-cache-ak0.pinimg.com...189b724cd5.jpg

jallmon 06-05-2017 07:05 AM
What in the world does this thread have to do with Alex?

jallmon 06-05-2017 07:07 AM
I will listen to the TED video, though, Bitcoins are interesting. Thank you for the video.

mszymko 06-05-2017 11:39 AM
Quote:
Originally Posted by Hootie 8.0 (Post 12902119)
Thanks to this thread - I got in on Ethereum just in time.

ON ANOTHER NOTE : HOW FILTHY RICH MUST CHIEFROCKA BE?!

If he didn't sell, and kept acquiring crypto, good Lord?! We're talking millions. I hope that's the case, my man!

My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?

TambaBerry 06-05-2017 04:27 PM
Quote:
Originally Posted by mszymko (Post 12902927)
My friend keeps trying to teach me about this, how well are you guys doing on these crypto currencies and how much time do i have to get in?
I bought two grand worth of ethereum when it was sitting at 43$. It's now worth almost 12k. I fully expect it to surpass Bitcoins value.

Jewish Rabbi 06-10-2017 10:27 AM
Ethereum just hit $300. Sure wish I put more than $500 in it a few months ago.

O.city 06-10-2017 11:49 AM
Is it still on the rise? I'd like to get I on it but worry I missed the boat

Jewish Rabbi 06-10-2017 02:25 PM
Quote:
Originally Posted by O.city (Post 12911001)
Is it still on the rise? I'd like to get I on it but worry I missed the boat
I bought more today. I really think we'll see at least $1000 by the end of the year. But if I knew that for sure I'd be taking out loans to buy it up lol.

-King- 06-10-2017 02:46 PM
Quote:
Originally Posted by O.city (Post 12911001)
Is it still on the rise? I'd like to get I on it but worry I missed the boat
Up over $70 just this week alone
Posted via Mobile Device


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