Bitcoin

[wew lad 5,000+ posts]

I just saw Jonathan Price ordered around 20 GTX 1080ti s...

LOL anyone buying into mining now really does not know what theyre doing.. had a friend back in the day mine one coin a week, now you have to be a part of a group and good luck with trust with a black market currency

protip: theres a reason i never invested in it when i used it to buy some things from people online years ago and it was ~$5 per coin, and if i didnt do it then, i definitely will not do it now. it's as volatile as ever, if not moreso with the massive influx of people. the success in trading started a few months ago, i imagine that will crash here soon too.

nvm jeff found the real sperg //content.invisioncic.com/y282845/emoticons/rolleyes.gif.c1fef805e9d1464d377451cd5bc18bfb.gif

have you seen coleman's 100 gtx 1080ti setup?

 

[wew lad 5,000+ posts]

The government will just make their own cryptocurrency and all the sheeps will jump to that cuz it's safer in their eyes.

that's not how cryptocurrency works in its current form unless the government creates one secretly with a backdoor (probably already exists)

 

[denim 5,000+ posts]

Currently mining some alt coins.

 

[MikeofTulsa Moderator]

I use Coinbase as my wallet.

 

[LoudSound]

that's not how cryptocurrency works in its current form unless the government creates one secretly with a backdoor (probably already exists)

Illuminati is real, they gonna disable your wallet if you get out of line. To switch to virtual money, there has to be a smooth transition. I shoudln't even be saying this cuz in 50 years time they could find out I said this through a supercomputer and just disable my wallet too.

**** this, I'm learning to hunt and build huts and *****.

 

[LoudSound]

YEs I Realize I sound like a schizophrenic crazy person but this could all be true if you really think about it.

Btw, is anyone here actually knowledgeable on the subject or are we all just speaking out of our *****? I know btc is decentralized, yet exchanges are getting "hacked" for all the wallet keys. This is great for the "government" or rather the people that play every government like a figure on a chess board to come in and say we're making our own and you guys will use it because everything else is not secure, illegal ,whatever the excuse is.

But I hope we can have a war of currencies. If sober logic prevails in this world we actually have a shot of sticking it to all the banks and finally having our own independent monetary system.

hopefully it's gonna be like torrent so regular people can use cryptos as currency to pay each other and avoid taxes without ever getting caught. AS long as cryptocurrency traffic is able to move through networks in the world, and enough people use it to make the system of "trust" work, I'd say we are good.

 

[Jeffdachef 5,000+ posts]

crypto market just completely crashed lmfao.

 

[LoudSound]

Oh **** the price was going down to 11k so coinbase stopped the trade to prevent everybody from trying to unload haha

Oh u mean the exchange stopped working. I see. I thought the values actually went to 0. That'd be something.

 

[wew lad 5,000+ posts]

funny how i was the one talking **** about it and the next day it crashes lol

 

[LoudSound]

The price only fell by 20% and ONE marketplace temporarily suspended trade. I believe they did it because too many scared newcomers would have tried to dump resulting in a worse crash. It's a security measure.

Everything is normal. Nothing crashed.

 

[adulbrich 5,000+ posts]

I was more hypothetically interested in the laundering and unregulated trade aspects of bitcoin. I wouldn't be mining them or buying them like stock to wait for price increase.

All paper bills 20 and up have their serial numbers tracked at every bank they pass through //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

Because of this, they can track who withdraws and deposits specific bills.

....or so I'm told......

 

[LoudSound]

you could move $$ with bitcoin but not launder it.

 

[The_Quiet_One 10+ year member]

[quote name='Boomin_tahoe']@Souldrop I don't know if you follow the stock market or not,...news and such but keep seeing/reading stories of how we're gonna be in another recession soon, worse than the one in 2009. A time frame was given between now and 6 months. Things are way overvalued. Checked up on the value of my house lately: $308,000 Outragous. It's not even worth 200k imo. There's soon to be bubble breaks and I myself think it may happen. It's just a matter of time when. And no one's gonna be prepared for it.

Let me know your opinion...[/QUOTE]

I follow the stock market. I have a vested interest due to my 401k and IRA. There are always talk about a upcoming recession especially after a significant run like we've seen the past year. Saying that I would not be surprised at all if we hit a recession in the next year or two. I'm of the opinion a healthy market should see some corrections; if nothing else a correction eases public sentiment about runaway over-valuing.

I'm young so I'm aggressively pursuing growth to hopefully mitigate any downturn. It's just too difficult to time the market, and I hopefully have 3 more decades to recoup any potential losses.

As far as most people I would be surprised if they pay close enough attention to worry about a potential downturn. A lot of my coworkers have substantial 401ks, but ~90% of them can't even answer what type of investment mix they have much less current market trends *shrug*, so yes I think a lot of people will be surprised at the next recession.

 

[The_Quiet_One 10+ year member]

I was more hypothetically interested in the laundering and unregulated trade aspects of bitcoin. I wouldn't be mining them or buying them like stock to wait for price increase.
All paper bills 20 and up have their serial numbers tracked at every bank they pass through //content.invisioncic.com/y282845/emoticons/fyi.gif.9f1f679348da7204ce960cfc74bca8e0.gif

Because of this, they can track who withdraws and deposits specific bills.

....or so I'm told......

You really may want to further research blockchain technology in general. Hypothetically that is a very bad idea to do with BTC.

 

[Boomin_tahoe 5,000+ posts]

https://www.msn.com/en-us/money/markets/bitcoin-and-other-cryptocurrencies-are-plunging-heres-what-could-happen-next/ar-BBHadP2?li=BBnbfcN