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Bitcoin & Other Crypto Currencies

Discussion in 'Stocks & Investments' started by skygear, Dec 2, 2013.

  1. Dec 2, 2013 at 5:12 PM
    #1
    skygear

    skygear [OP]           

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    I got in on the ground floor of bitcoin long time ago. Never spent the coin now each is worth ~1k each..

    If any of you are looking to do online transactions crypto currencys is where it is at. Even some local businesses are accepting them./


    mtgox.com
    bitcoin.org

    are great resources for someone trying to get started.

    Not joking.

    [​IMG]

    [​IMG]
     
  2. Dec 2, 2013 at 6:21 PM
    #2
    skygear

    skygear [OP]           

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  3. Dec 3, 2013 at 11:27 AM
    #3
    skygear

    skygear [OP]           

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  4. Dec 3, 2013 at 11:29 AM
    #4
    richardbui23

    richardbui23 That guy

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    i learned about this from my econ teacher last semester and been meanin to jump in but i keep forgetting about it lol. looks tits
     
  5. Dec 3, 2013 at 11:31 AM
    #5
    skygear

    skygear [OP]           

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    Imagine if you bought it because you were curious last semester. Then forgot about it. You would have a nice nest egg for the holidays.
     
  6. Dec 3, 2013 at 11:33 AM
    #6
    skygear

    skygear [OP]           

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    Most stocks are not this profitable. But WOW. a Currency..
     
  7. Dec 3, 2013 at 11:34 AM
    #7
    richardbui23

    richardbui23 That guy

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    true and there are other crypto currencies that are up and coming that are dirt cheap so if you start to hoard now maybe in a years time you'd be "ballin" thats what he was doing because he was skeptical about bit coin at first but now hes got thousands into another company that started at 5 cents per coin but is now at about 75 cents
     
  8. Dec 3, 2013 at 11:35 AM
    #8
    skygear

    skygear [OP]           

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    Yep. LiteCoin and a few others.
     
  9. Dec 3, 2013 at 11:37 AM
    #9
    richardbui23

    richardbui23 That guy

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    its alot better than stocks and it pretty much follows the same principles of gold. and with competitors coming in its just like the dollar vs the euro
     
  10. Dec 3, 2013 at 11:38 AM
    #10
    skygear

    skygear [OP]           

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    Yep. Exactly. I was trying to get a vendor that mentioned interest involved. Would have been nice. Also, would have been a nice way to curb some of the inflation pricing on merch from year to year. The currency has it build in.
     
  11. Dec 3, 2013 at 11:42 AM
    #11
    skygear

    skygear [OP]           

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  12. Dec 3, 2013 at 11:49 AM
    #12
    IDtrucks

    IDtrucks Just out for a rip are ya bud?

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    nope not touching this shit. most volatile unpredictable thing I have seen in a while.

    I just cant take this internet currency thing seriously. investment advisers dont suggest more than 1% of your portfolio have bitcoin in them. there is a reason
     
  13. Dec 3, 2013 at 12:16 PM
    #13
    skygear

    skygear [OP]           

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    Ok. SO what about me. ? I bought when they were cheap. REAL CHEAP. Was going to cash in when they hit $60.

    Decided I would hold off- Then set a goal for $300

    NOPE - was WOW'd and said f that. I'm going to see where this goes.

    Over time, I have done some online work, and some in person trading. NOW they are over 1100 each........
     
  14. Dec 3, 2013 at 12:18 PM
    #14
    OZ-T

    OZ-T All of those moments....will be lost.....in time

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    Not sure how to not look at this as anything other than a pyramid scheme that benefits those who bought in early , I mean at some point the valuation has to level off , right ?
     
  15. Dec 3, 2013 at 12:31 PM
    #15
    skygear

    skygear [OP]           

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    Not necezsarily. People are buying and selling and using it as an actual currancy on a second to second basis.

    If you bought one bitcoin last night, then sold it today, you would have made more than $100 per coin.
     
  16. Dec 3, 2013 at 12:50 PM
    #16
    OZ-T

    OZ-T All of those moments....will be lost.....in time

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    Hmmm

    Maybe me old brain can 't wrap it's withered old mind around it
     
  17. Dec 3, 2013 at 12:52 PM
    #17
    OZ-T

    OZ-T All of those moments....will be lost.....in time

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    So you said from yesterday to today you would have made $100 per coin , is that $100 USD , ie is there a conventional currency it is valued against ?
     
  18. Dec 3, 2013 at 12:52 PM
    #18
    richardbui23

    richardbui23 That guy

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    actually OZ your first post is correct. bit coin and crypto currency is to have value like gold except that bitcoin does go down in value from time to time and at some point the value of gold will level out. hold on let me find the video my instructor showed me.
     
  19. Dec 3, 2013 at 12:57 PM
    #19
    skygear

    skygear [OP]           

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    There are exchangers all over. MTGOX.COM is a big one and they have a ticker at the top of the site. You can select whatever currency you would like it to display the exchange rate against. So yes, that was ~$100 USD - and whatever the rate would be for CANADA, EU, etc.
     
  20. Dec 3, 2013 at 12:59 PM
    #20
    skygear

    skygear [OP]           

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    Also, people use it as an ANONYMOUS CURRENCY. Are able to pay someone electronically with virtually no strings attached if you setup your wallets and proxies correctly.
     
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