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InvisibleStonehenge
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Re: Is Bitcoin actually a good investment? [Re: thedeadwalkk]
    #24657179 - 09/24/17 10:41 PM (27 days, 10 hours ago)

^ agreed. The chinese actions were more powerful than I thought. I'd heard they banned new ico's but they also banned or closed all exchanges so no chinese can legally buy btc. That had a big downward effect. I lost over $100k from the peak to where it dropped. My response has been to buy more now that its down.


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“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineLightRay
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Re: Is Bitcoin actually a good investment? [Re: qman]
    #24657770 - 09/25/17 05:13 AM (27 days, 3 hours ago)

Quote:

qman said:
I heard that gold and silver backed crypto currencies are going to be launched in short order, I could really see those taking off in the future.

It would serve the people that are worried that Bitcoin isn't "backed by anything" and it would let the metals trade freely without central bank intervention.





That sounds interesting what is the name of that coin or who is launching this?


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Offlinekeyser_soze
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Re: Is Bitcoin actually a good investment? [Re: LightRay] * 1
    #24662339 - 09/26/17 08:47 PM (25 days, 12 hours ago)

Quote:

LightRay said:
Quote:

qman said:
I heard that gold and silver backed crypto currencies are going to be launched in short order, I could really see those taking off in the future.

It would serve the people that are worried that Bitcoin isn't "backed by anything" and it would let the metals trade freely without central bank intervention.





That sounds interesting what is the name of that coin or who is launching this?






how could a crypto currency be backed by a physical asset?

who owns the gold and silver?


--------------------
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OfflineChris_GIlford
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Re: Is Bitcoin actually a good investment? [Re: keyser_soze]
    #24666078 - 09/28/17 06:46 AM (24 days, 2 hours ago)

what is the exchange of bitcoin right now? Is it increasing? if yes then I think it's a good investment.


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Offlinekeyser_soze
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Re: Is Bitcoin actually a good investment? [Re: Chris_GIlford]
    #24666123 - 09/28/17 07:46 AM (24 days, 1 hour ago)

its the very definition of a bubble.


be prepared.


why not take 4% out as hard cash per year just in case?


--------------------
People in my Fan Club: Masked (President), Ballsalsa (VP), The Ecstatic*don't waste your time "debating" with him, he uses 3rd grader tactics (Director of Bullshit), Koods (Fake News Anchorman), Falcon - Devout Communist

*Word your posts carefully if they contain right wing values. The moderators here like to keep it left leaning, they will use every excuse to ban you but not the others. You've been warned.


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OfflineLightRay
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Re: Is Bitcoin actually a good investment? [Re: Chris_GIlford]
    #24668927 - 09/29/17 07:11 AM (23 days, 1 hour ago)

Quote:

Chris_GIlford said:
what is the exchange of bitcoin right now? Is it increasing? if yes then I think it's a good investment.




We got a badass over here


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OfflineTulipslave
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Re: Is Bitcoin actually a good investment? [Re: keyser_soze]
    #24678873 - 10/02/17 07:57 PM (19 days, 12 hours ago)

Quote:

keyser_soze said:
Quote:

LightRay said:
Quote:

qman said:
I heard that gold and silver backed crypto currencies are going to be launched in short order, I could really see those taking off in the future.

It would serve the people that are worried that Bitcoin isn't "backed by anything" and it would let the metals trade freely without central bank intervention.





That sounds interesting what is the name of that coin or who is launching this?






how could a crypto currency be backed by a physical asset?

who owns the gold and silver?




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Offlinekellyon
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Re: Is Bitcoin actually a good investment? [Re: Tulipslave]
    #24682668 - 10/04/17 07:09 AM (18 days, 1 hour ago)

Quote:

Is Bitcoin actually a good investment?



It depends on whether you are willing to accept the risk involved. I think it is a good investment for a small portion of your capital. As for me, I use bitcoins for gambling and betting at http://1of16.win/ to get some extra cash. It doesn't require specific knowledge, just bet a fixed amount of bitcoins on the last digit of the block and win all bets from 16 players.


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OfflineLightRay
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Re: Is Bitcoin actually a good investment? [Re: kellyon]
    #24682709 - 10/04/17 08:27 AM (18 days, 27 minutes ago)

Is that your website?  I don't gamble.  Bitcoins an investment.  Its more stable than most other investment start ups and massively higher returns.  Its not a gamble that different.  A gamble you always lose long term because its a rigged game.


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OfflineTulipslave
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Re: Is Bitcoin actually a good investment? [Re: Tulipslave]
    #24684835 - 10/05/17 12:10 AM (17 days, 8 hours ago)

Quote:

how could a crypto currency be backed by a physical asset?

who owns the gold and silver?







I'm genuiney interested in this question.  The whole concept behind governments having a physical backing to their currency or fiat is based on the faith/trust that the coffers won't be raided and redistributed away from the source of the users of said currency/fiat.


How can a crypto be backed by a physical asset?  Who is holding/owning the assets?  What military and/or security company is guarding the assets?  What auditing agency is keeping track of the assets to make sure internal corruption isn't siphoning off the assets and lying to the "crypto-holders?"


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InvisibleStonehenge
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Re: Is Bitcoin actually a good investment? [Re: Tulipslave]
    #24685859 - 10/05/17 02:24 PM (16 days, 18 hours ago)

I don't think any cryptos are backed by gold or silver. Certainly none of the ones commonly used. There was e-gold a while back but it fizzled out. There is talk about backing fiat with gold, china has talked about that. But you have to trust govt to give you the gold when you want it.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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OfflineFarmerOne
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Re: Is Bitcoin actually a good investment? [Re: Stonehenge]
    #24694387 - 10/08/17 05:11 PM (13 days, 15 hours ago)

Hi,

I'm a newb getting my 10 posts.  I work in investment and am familiar with crypto's as much as any layman.  As an investment, I can tell you for sure that no one knows for sure.  There is always some motivation behind the purchase (political, forward-thinking, whatever) that makes people want to invest in bitcoin. 

Other stuff like stocks and bonds we have a lot of data on, and while we can't predict what will happen tomorrow, we know what happens over long periods of time.

We're on the front end of it.  Only put in money you don't mind losing.  It is speculative, obviously, and not much different than going to a casino in terms of risk.  There are lots of risk factors not present in stocks and bonds, or even existing currency trading, which is about as speculative as mainstream investments get.  Some of those risk factors, we don't even know what they are yet.

Bon chance


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InvisibleStonehenge
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Re: Is Bitcoin actually a good investment? [Re: FarmerOne]
    #24696819 - 10/09/17 03:43 PM (12 days, 17 hours ago)

@farmer
copy and pasting the same thing all over will get you unwanted attention from the mods.

BTW, bitcoin just went over 4800! I told people after the last fallback to buy buy buy because they had a chance to get coin at a discount. I followed my own advice and bought a substantial amount in the 3000's and low 4000's which all turned out to be good investments. In comparison, my gold has been sluggish.

One factor driving the rise is the upcoming segwit fork with free coins to those who hold btc before the split. There is another fork looming too. People buy btc in anticipation of getting a 10% or more bonus like what happened with the bch fork.

I predict this time it will pass the 5k mark and go higher. China has shot its load and can't do much about it anymore. Could it go above 10k by end of year? Or is that out of reach until later?


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

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InvisibleMiddlemanM
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Re: Is Bitcoin actually a good investment? [Re: Stonehenge]
    #24698162 - 10/09/17 10:46 PM (12 days, 10 hours ago)

It's obviously a bubble it may be 10K one day but it will be 1K again first.


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OfflineLightRay
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Re: Is Bitcoin actually a good investment? [Re: Middleman] * 1
    #24698705 - 10/10/17 05:24 AM (12 days, 3 hours ago)

I doubt it will ever be as low as 1k again.

What you are calling a bubble is actually a set of bubbles that happen with any new market as investors come in and the price corrects itself over time to its actual value.

Bitcoin is establishing its real value and the overall trend of that real value is currently always going up because of...

1. Heavy new investment all the time
2. New finance and businesses emerging as a result of bitcoins ability to facilitate low cost (or what is essentially zero fee) international business transactions which no bank can compete with.

IMO Its highly unlikely to ever drop to as low as 1k a coin again.

I don't consider it a bubble until its rising over its real value.  Right now its way under its real value.  I know this is just specualtion but its specualtion based on the math.  Assuming nothing bad happens like the banks somehow manage to shut it down in every country (highly unlikely if not impossible) then its going to keep growing and be worth a lot more than its current 4 figure price in the end.


Edited by LightRay (10/10/17 05:32 AM)


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OfflineBitcoinshroom
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Re: Is Bitcoin actually a good investment? [Re: LightRay]
    #24699163 - 10/10/17 11:51 AM (11 days, 21 hours ago)

Anyone heard of Bitcoin Cash????


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OfflineBitcoinshroom
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Re: Is Bitcoin actually a good investment? [Re: Bitcoinshroom]
    #24699170 - 10/10/17 11:52 AM (11 days, 21 hours ago)

:B


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Offlinefluro
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Re: Is Bitcoin actually a good investment? [Re: Bitcoinshroom]
    #24703956 - 10/12/17 07:04 AM (10 days, 1 hour ago)

Bitcoin over $5140 USD! I've never used it but recently pondered diversifying some cash into bitcoin. I keep thinking I'm late to the party and it keeps powering higher.

Good on those people who bought early and held on.


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InvisibleStonehenge
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Re: Is Bitcoin actually a good investment? [Re: fluro]
    #24704349 - 10/12/17 11:29 AM (9 days, 21 hours ago)

Now is a good time to have a bunch of btc. :smile:

$5240 last I looked


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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InvisibleStonehenge
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Re: Is Bitcoin actually a good investment? [Re: Stonehenge]
    #24705740 - 10/12/17 10:31 PM (9 days, 10 hours ago)

Its over $5600 now!

I made back everything I lost in the last crash and more. I wasn't really worried in fact I bought a bunch more coins while it was down. It may hit 10k by next year or this year. Part of the run up is the hope of getting free alt coins when the fork happens. I think people are oversold on that possibility, no telling what the price will be after the fork but it could go higher before then.


--------------------
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.” (attributed to Alexis de Tocqueville political philosopher Circa 1835)

Trade list http://www.shroomery.org/forums/showflat.php/Number/18047755


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