Any Bitcoin or Cyrptocurrency enthusiasts?

empirestate · #**133** 01-10-2017

The beauty of this is no institution ie. like Coinbase can shut your account down....

sergfro · #**134** 01-10-2017

only issue is I have trouble getting bitcoin converted into $$$ so I can get it in the bank. Conversion fee's are high cex.io charges me about $500 to get $6,000 worth of bitcoin into cash wired to my bank.

empirestate · #**135** 01-10-2017

Quote:

Originally Posted by sergfro

only issue is I have trouble getting bitcoin converted into $$$ so I can get it in the bank. Conversion fee's are high cex.io charges me about $500 to get $6,000 worth of bitcoin into cash wired to my bank.

Cost of doing business, someone has got to make a living...

vogeltron · #**136** 01-11-2017

I am not a seller of Bitcoin but would not be surprised if we trade below $800 for a short while. Parabolic spikes cause sell offs and those who chase trends get scared out on the way down. If it hits low $600 I will add to my position.

GreenBean · #**137** 01-11-2017

Quote:

Originally Posted by empirestate

The beauty of this is no institution ie. like Coinbase can shut your account down....

If you have issues with accessing your account, you can have hassles.
Overall Coinbase is good because of its strict practises.

BlackLion · #**138** 01-11-2017

Quote:

Originally Posted by vogeltron

Are you ready to defend this 2-3 years down the line? I remember when people called Bitcoin rubbish at $20 in 2012 and I sadly listened to them.

Yes, because it's not tangible like Gold & Silver. At least these two have a 1,000 yr track record. If another cryptocurrency mysteriously appears and takes off it'll destroy Bitcoin, and you will lose funds, or if the internet crashes you're done. With Gold/Silver you can pass it down to the next generation, can sell it immediately during emergencies and get funds right away. If the dollar ever collapses good luck buying bread with bitcoin.

Play · #**139** 01-11-2017

Virtual currencies have definitely got a place in the future.

Government/Conglomerates will not sit back and do nothing if the internet crashes - its in their own interest to ensure this money machine is up and running at all times.

Precious metals are without a doubt the most secure way of storing your money, history has shown this. But for the purpose of investment and trade, currencies such as bitcoin, USD, GBP are better as not everyone accepts Gold at checkout - otherwise it would be a PITA constantly having to convert it to a tender accepted by your local supermarket each time you wanted to spend.

The point is, spread your eggs out - don't just put all your money into one currency. We've seen many times currencies becoming valueless.

austyn12x · #**140** 02-11-2017

its kinda not reliable it goes up and down too much but its great when u want to buy off a site thats trusted since they give discounts on bitcoins usuually.

vogeltron · #**141** 02-23-2017

Well Bitcoin surpassed its previous record high is USD. Pretty crazy.

empirestate · #**142** 02-23-2017

Bitcoin will keep going up to accommodate the difficulty in mining it...and more demand now

vogeltron · #**143** 02-23-2017

Bitcoin could surpass Gold within the next week.

vogeltron · #**144** 03-02-2017

Bitcoin seems to be holding up nicely above $1200 and $1150 for now. Interesting to see it climb up slowly but surely.

vogeltron · #**145** 03-02-2017

Bitcoin is now worth more than an ounce of Gold and Ethereum ETH is currently more than an ounce of Silver. TOO THE MOON!!!

**aspkin** · #**146** 03-02-2017

Quote:

Originally Posted by empirestate

Bitcoin will keep going up to accommodate the difficulty in mining it...and more demand now

Long term I think it's a good hold.

I'm thinking of getting the trezor wallet for safe keeping bitcoins.

https://trezor.io/

vogeltron · #**147** 04-29-2017

Bitcoin to another record high. ETH touched $70 for a while. Many other Alt coins such as Dash and Ripple have been surging as well.

Crazy times.

**aspkin** · #**148** 04-29-2017

wow... bitcoin..

I'm going to buy some ETH soon when it dips.

1 Bitcoin equals
1360.07 US Dollar

vogeltron · #**149** 04-29-2017

Quote:

Originally Posted by aspkin

wow... bitcoin..

I'm going to buy some ETH soon when it dips.

1 Bitcoin equals
1360.07 US Dollar

Yea Parabolic spikes always create a pullback. I got in at first at like $18 when Coinbase first accepted it then it crashed to like $9 and I got in at like $11. Had no idea it would spike like this. Just know when people 100x smarter than me are all interested in this crap its time to take a speculative position.

empirestate · #**150** 04-29-2017

Great day for BTC wow keeps climbing....

Play · #**151** 04-29-2017

Waiting for bitcoin to dip again (and it will, it always has done), then going to invest in it.

So far came across Bitfinex for btc trading... though platform seems complicated/laggy. Anyone know anything better? (p.s. not interested in CFD).

vogeltron · #**152** 04-30-2017

In honor of Bitcoin hitting all time highs I created a new Bitcoin shirt. Bitcoin to the moon!!!

yotano211 · #**153** 05-01-2017

I just started making my 3rd ETH mining rig. I am making pretty good returns, about $11 per day after power cost per rig. The only factor now is if the building power can handle the amps. I might need to check out a office space or commercial space if I get over 6 rigs.

unkown5454 · #**154** 05-01-2017

joining the mining community. it's finally time