Retronym
[H]F Junkie
- Joined
- Mar 5, 2007
- Messages
- 13,605
There are people here who called it a scam at $200 and still repeatedly do.
That’s some selfless dedication.
That’s some selfless dedication.
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No it was 500k per coin in three years or he'd participate in the pain olympics.Around $2,000. It was on July 17th.
Umm any exchange ever.Now you just need to find somebody who wants to buy bitcoins for $5000 apiece.
This is one of those life things of "it takes money to make money"...seeing these coin prices soar like they have makes me really wish I had invested earlier...but then I realize that I've never had the money to invest like that so whether I knew of it or not it would make no difference. Life goes on while others get rich!
No. No it isn't. It is however and always was a big risk as an investment vehicle.
This one didn't take money to get started. It took time and knowledge and initiative, and an appetite/tolerance for risk. Many many people got started with nothing more than a graphics card or CPU in the crypto mining world.
You have one to type that message do you not?Where can I get free GPU's and CPU's?
If I had treated my bitcoins as an investment and left it alone I would be sitting on over $1 million right now. I had too much paranoia with market fluctuations that I was always watching the price, buying/selling. Never had the stomach for it. That and I bought a lot of things with them that I could have and should have bought with cash (or not at all). Been out since 2014, glad I'm out.
Now you just need to find somebody who wants to buy bitcoins for $5000 apiece.
A friend at work had a bit over 4000 bitcoins, he sold them all for between 100 and 500 each a few years back. He used the profit to take a full year off work, which he thoroughly enjoyed, but just a few years later that same quantity of bitcoins is worth 20 million USD. That'd be quite the let down.
I built (on contract) a rather large amount of ASIC miners in 2013 using the first available ASICs. For my work I got paid with Bitcoin when it was nearly $1000 per. Shortly after the ASICs flooded the market the BTC price dropped drastically. I never sold and still have them today. Almost sold them a couple months back at $3k, but couldn't iron out the IRS tax details so held off.
Now at nearly double that I don't know whether to hold or sell. I've pledged them to purchase my next car/truck, which started out kinda meager but is now pretty frick'in luxurious!!! But my old truck is still running fine, so why not wait until I really need to replace it? I feel that's my best solution to the "hold or sell" dilemma, but it's a hard decision for sure. I'm definitely not going to make a million bucks, but a new car/truck sure would be a win in my book!
If you want to reward yourself with something, think longer term.
A luxury truck now, or the chance to retire a few years earlier?
I'd choose the early retirement. Consider pulling some of the BTC out and investing in something safer, but still rewarding - like a healthcare mutual fund or index fund/ETF.
Baby Boomers are all retirement age now. That generation will begin to retire, require increased medical care, nursing home care, etc in the next 20 years. Health care sector will be a strong/safe sector to invest in over the next 20 years.
or maybe not...
https://cointelegraph.com/news/as-jp-morgan-ceo-slams-bitcoin-his-company-invites-tech-guru-to-explain-it-to-top-managers
"
Dimon called Bitcoin a ‘fraud’ and said if he caught anyone trading it they would be fired from his company. However, it has since emerged that there’s a lot of hypocrisy and conflict of interest in these statements.
JPMorgan has already shown that it does indeed have an interest in cryptocurrency and Blockchain technology, as at the same time this attack was being waged by its boss, it was also advertising for Blockchain professionals.
"
Umm any exchange ever.
Or Microsoft. Or newegg. Etc etc etc
That all depends on what volume you require. You might be able to get 5k per coin in a 1 coin sale, but you are unlikely to get 5k per coin in a 1000 coin sale. It all depends on what the actual demand on the buy side of the market is.
Go to GDAX and look at volume over the course of the day.
"grey and illicit transaction"? Citation hombre?
This is only hurting bitcoin, who is going to use it when it costs $10 per transaction.
If you want to reward yourself with something, think longer term.
A luxury truck now, or the chance to retire a few years earlier?
I'd choose the early retirement. Consider pulling some of the BTC out and investing in something safer, but still rewarding - like a healthcare mutual fund or index fund/ETF.
Baby Boomers are all retirement age now. That generation will begin to retire, require increased medical care, nursing home care, etc in the next 20 years. Health care sector will be a strong/safe sector to invest in over the next 20 years.
No such thing as retirement, especially for those that love what they do. Most wealthy people go into work everyday.
You'll see when it's your time. You're saving towards something that will never happen.
Always save but enjoy life as it comes because it's short. So get the luxury truck while you can still enjoy it, because at 70, you're going to wish you had one at a younger age.
Very much like my experience.If I had treated my bitcoins as an investment and left it alone I would be sitting on over $1 million right now. I had too much paranoia with market fluctuations that I was always watching the price, buying/selling. Never had the stomach for it. That and I bought a lot of things with them that I could have and should have bought with cash (or not at all). Been out since 2014, glad I'm out.
Very much like my experience.
I still don't think bitcoin is making people millionaires besides on paper. Sorry guys just don't see it happening.
Looks like we found the solution to the whole automation and unemployment problem in the future. Nobody has to do anything productive, so everyone will just do some pointless arbitrary task that earns them money.
Why limit it to computers? How about a rope skipping currency?
That is what the pompous miners don't get. If everyone started doing this to earn a living then noone would have a living because everything would collapse in short order. I'm not opposed to mining because it doesn't work. I'm opposed to it on principle. Apart from not creating any useful product. It siphons away resources from elsewhere. Sooner or later we'll hit that wall that says it's not money that has value, it's resources. Mining is basically using up resources to generate currency. There is no nuance to it. And I can only hope that sooner rather than later governing bodies realize how self destructive it is.Looks like we found the solution to the whole automation and unemployment problem in the future. Nobody has to do anything productive, so everyone will just do some pointless arbitrary task that earns them money.
Why limit it to computers? How about a rope skipping currency?
FTFY. yes.you mean like when the internet tech company bubble popped?
Stuff just doesn't magically become worth something from nothing. People are willing to convert their real money into BTC for whatever reason. It's for those reasons BTC has value. What value does rope skipping currency provide?
It's a speculative surge and making money relies entirely on timing the market. It's one part lottery another part musical chairs. The only way people make money is that they walk away with the cash form the people who got out too late.Stuff just doesn't magically become worth something from nothing. People are willing to convert their real money into BTC for whatever reason. It's for those reasons BTC has value. What value does rope skipping currency provide?