1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Bitcoin/Ethereum/Litecoin

Discussion in 'Investment and Retirement Planning' started by mrivc211, May 31, 2017.

  1. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    Anything can be regulated. Enforcement may be more difficult, but it can still be outlawed.
     
  2. milleR

    milleR Well-Known Member

    Joined:
    Mar 11, 2008
    Messages:
    2,787
    Likes Received:
    3,103
    Make as much fun of it as you want, but if I'd bought some of this stuff a year ago I'd pretty damned stoked today.
    [​IMG]
     

    Attached Files:

    Last edited: Nov 9, 2017
  3. wheelsup

    wheelsup Well-Known Member

    Joined:
    Mar 25, 2004
    Messages:
    12,771
    Likes Received:
    2,502
    https://en.m.wikipedia.org/wiki/Tulip_mania
     
    alaskadrifter and ATN_Pilot like this.
  4. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    If you'd bought some Pets.com in 1999 you'd have been pretty damn stoked in 2000...only to be flat broke in 2001.
     
  5. milleR

    milleR Well-Known Member

    Joined:
    Mar 11, 2008
    Messages:
    2,787
    Likes Received:
    3,103
    Pigs get fat, hogs get slaughtered. I'm pretty happy doubling my money ... this would have been sold a long time ago if it were in my portfolio.
     
  6. bimmerphile

    bimmerphile SuperCritical™ Member

    Joined:
    Aug 21, 2014
    Messages:
    1,682
    Likes Received:
    2,524
    True!
    It's in a weird spot. I'm not expecting it to replace the US dollar as the world's currency like some bitcoin enthusiasts. But there's definitely a market for those that want to transfer money quickly to anywhere in the world for low fees. I think it's probably more of a threat to Western Union than the Federal Reserve, although it'll have to stabilize for a while before people can wrap their heads around actually using it.

    Sent from my SM-G900V using Tapatalk
     
  7. wheelsup

    wheelsup Well-Known Member

    Joined:
    Mar 25, 2004
    Messages:
    12,771
    Likes Received:
    2,502
    I just can't wrap my head around how you can have a universal currency that continues to flucate rapidly in value by large amounts. I guess I'm just stupid for not understanding but why would you ever part with the currency when it is appreciating in value so rapidly?

    If bitcoin was pegged to a currency or a basket of currencies I could see it being adopted more, I mean wouldn't want a currency that can be used to buy anything anywhere at any time with a stable value?

    Oh wait, we already have that. It's called the US dollar.
     
  8. bimmerphile

    bimmerphile SuperCritical™ Member

    Joined:
    Aug 21, 2014
    Messages:
    1,682
    Likes Received:
    2,524
    What's the point of establishing non-fiat currency if you peg it to fiat currency? You're still thinking of it in the mindset that it's an investment vehicle.
    I'm not entirely sure if the value will ever be completely stable. It's not like the dollar, where a few bankers can meet and decide to fiddle with the money supply. BTC finite, which is very different from most fiat currencies around the world.*

    *I'm not an economist, I just throw the gear and count static wicks
     
  9. wheelsup

    wheelsup Well-Known Member

    Joined:
    Mar 25, 2004
    Messages:
    12,771
    Likes Received:
    2,502
    Bitcoin is a fiat currency as well it has no tangible source of value.

    Just because something is of limited supply doesn't make it valuable. There must be demand for it as well.

    There is credible evidence that N Korea is using it to avoid sanctions as well as narco traffickers using it to launder and transfer money.
     
    Cessnaflyer and ATN_Pilot like this.
  10. A80TRACON

    A80TRACON I'm just glad to be here, happy to be alive

    Joined:
    Mar 25, 2015
    Messages:
    793
    Likes Received:
    1,352
    I'm into Webvan
     
    ATN_Pilot likes this.
  11. mrivc211

    mrivc211 Well-Known Member

    Joined:
    Sep 27, 2000
    Messages:
    3,880
    Likes Received:
    738
    Thats where pilots are idiots Todd. We all think long term. Where as the smart ones get in, make a quick buck, get out. This stuff is all speculation and gambling. Ain't nothing long term about it.
     
  12. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    Uh, no. The smart ones think long term. People who think short term get burned. Bad. It's just a matter of time.
     
  13. mrivc211

    mrivc211 Well-Known Member

    Joined:
    Sep 27, 2000
    Messages:
    3,880
    Likes Received:
    738
    Aaaaaaaaaaaaand the contrarian is alive and well folks.
     
  14. ATN_Pilot

    ATN_Pilot Socialist Pig Member

    Joined:
    Jun 14, 2005
    Messages:
    22,032
    Likes Received:
    13,534
    The ultimate contrarian:

    [​IMG]
     
  15. mrivc211

    mrivc211 Well-Known Member

    Joined:
    Sep 27, 2000
    Messages:
    3,880
    Likes Received:
    738
    Todd,

    you've been a contrarian so long I bet you have a stupid come back for every argument you'll ever have. Thats a life long commitment of disagreeing. Congrats man. so much happiness
     
    Blue Skies 4me likes this.
  16. Cessnaflyer

    Cessnaflyer Wooooooooooooooooooooooooooooooo

    Joined:
    Dec 9, 2006
    Messages:
    8,353
    Likes Received:
    2,568
    Well I would’ve wanted to be holding the bag from the start long term because I would have a metric crap ton of cash now.
     

Share This Page