Page 1 of 6 123 ... LastLast
Results 1 to 20 of 106

Thread: Cryptocurrency

  1. #1
    Join Date
    Sep 2007
    Location
    PeeDee
    Posts
    3,731

    Default Cryptocurrency

    Out of curiosity, have any of your bought any cryptocurrency?


    I thought about it two or three years ago, got distracted and forgot about it. Got serious about it back in June and tried to set up an account to buy bitcoin and litecoin, the website had issues and it wouldn't go through, forgot about it then as well. Finally got serious about it again about a week or two ago and bought in around $1,000, planning on picking up more weekly. I'm hoping it keeps trending up ... I'd be sitting on a nice profit if I would have followed through a couple of years ago, hell, I'd have a decent profit if the site would have worked back in June.
    "I like my bitch blonde and wet, with my duck in her mouth."

  2. #2
    Join Date
    Dec 2010
    Location
    wateree
    Posts
    1,945

    Default

    what is this?

  3. #3
    Join Date
    Sep 2007
    Location
    PeeDee
    Posts
    3,731

    Default

    Quote Originally Posted by thawhacker View Post
    what is this?
    https://en.wikipedia.org/wiki/Cryptocurrency


    Bitcoin is the most popular, you can get an idea of how much it's jumped in 2017 here: https://charts.bitcoin.com
    "I like my bitch blonde and wet, with my duck in her mouth."

  4. #4
    Join Date
    Mar 2011
    Posts
    9,015

    Default

    I don't understand it. I tried.

  5. #5
    Join Date
    Aug 2013
    Posts
    1,497

    Default

    I was really interested in it a couple years ago and probably would have bought in if it had been a really simple process. I would have only spent what I was OK with losing but right now it would have increased by about six fold.

  6. #6
    Join Date
    Sep 2007
    Location
    PeeDee
    Posts
    3,731

    Default

    Quote Originally Posted by Kioti View Post
    I was really interested in it a couple years ago and probably would have bought in if it had been a really simple process. I would have only spent what I was OK with losing but right now it would have increased by about six fold.
    2 years ago bitcoin was trading around $250/coin, as of today it's over $7,900/coin. I've read estimates that it has the potential to get to $50,000+/coin, I don't know if that's crazy talk, or completely in the realm of possibilities. I'm willing to take a gamble though.
    Last edited by huntinghagen#12; 11-17-2017 at 10:18 AM.
    "I like my bitch blonde and wet, with my duck in her mouth."

  7. #7
    Join Date
    Aug 2013
    Posts
    1,497

    Default

    Quote Originally Posted by marsh chicken View Post
    I don't understand it. I tried.
    I didn’t and really still don’t but I would look at it like gambling if I were to buy in.

  8. #8
    Join Date
    Dec 2009
    Location
    Eastern NC
    Posts
    4,072

    Default

    Yeah, I've seen the rage on bitcoin lately but I still don't understand what it is and what it's used for.
    :FYT:

  9. #9
    Join Date
    Jun 2011
    Location
    Columbia, SC
    Posts
    3,038

    Default

    Yeah I’ve been meaning to get into it for several months. Bit the bullet last night. Once I get some things squared away job wise I’ll probably buy some more. Too bad you didn’t get into it several years ago.
    Sea Ark 1542 w/ Yamaha 40
    Xpress 16 w/ 50 Hammer
    War Eagle 15 w/ 30 Hammer

    --------------------------------------------------

    "Sometimes you gotta grab the bull by the horns and the women by the tits and take charge in your life" - General Patton

    "I'm very drunk and I intend on getting still drunker before this evening's over."
    - Rhett Butler

  10. #10
    Join Date
    Aug 2013
    Posts
    1,497

    Default

    Quote Originally Posted by huntinghagen#12 View Post
    2 years ago bitcoin was trading around $250/coin, as of today it's over $7,900/coin. I've read estimates that it has the potential to get to $50,000+/coin, I don't know if that's crazy talk, or completely in the realm of possibilities. I'm willing to take a gamble though.
    I haven’t really kept up with it, I just occasionally see a thread on AR15.com where they have a thread going about it. That’s where I first read about it. As far as how high it could go, I believe it’s almost unlimited if it just started gaining more traction.

  11. #11
    Join Date
    Jun 2008
    Posts
    3,254

    Default

    can't snort your oxy through a rolled up bitcoin though
    "No man for any considerable period can wear one face to himself and another to the multitude, without finally getting bewildered as to which may be the true." Nathaniel Hawthorne

  12. #12
    Join Date
    Sep 2016
    Posts
    13

    Default

    bought my bitcoin after placing in a poker tournament in april of this year. about every table i sat at during the tournament someone was talking about it. after i placed and got my winnings i bought one for the heck of it. since then its worth almost 6x what i bought it for. plus i got bitcoin cash when the chain split in august and its almost 4x its value. the more i research about it the better i like it.

  13. #13
    Join Date
    Jul 2009
    Location
    Clarendon County
    Posts
    3,301

    Default

    Quote Originally Posted by huntinghagen#12 View Post
    Out of curiosity, have any of your bought any cryptocurrency?


    I thought about it two or three years ago, got distracted and forgot about it. Got serious about it back in June and tried to set up an account to buy bitcoin and litecoin, the website had issues and it wouldn't go through, forgot about it then as well. Finally got serious about it again about a week or two ago and bought in around $1,000, planning on picking up more weekly. I'm hoping it keeps trending up ... I'd be sitting on a nice profit if I would have followed through a couple of years ago, hell, I'd have a decent profit if the site would have worked back in June.
    I have a story similar to you. I will say put in and hold.

  14. #14
    Join Date
    Aug 2003
    Location
    Lowcountry
    Posts
    2,852

    Default

    Bitcoin investing is a bit of a pyramid scheme right now. I would liken the current situation to the speculative home buying that was happening around 2007. Most folks see values skyrocketing and don't want to be left out of the money. Most of the folks jumping in are gambling on the hope that it keeps going up and somehow they will be smart enough to get out before the music stops.

    Blockchain technology is a very fascinating emerging technology that is the basis for cryptocurrencies like Bitcoin. It's a potential disruptor for many industries with many potential applications. Do some learning on blockchain and crypto will start to make more sense.
    "hunting should be a challenge and a passion not a way of making a living or a road to fame"

    Rubberhead

  15. #15
    Join Date
    Aug 2011
    Location
    Columbia , SC
    Posts
    1,177

    Default

    Quote Originally Posted by Stripa Swipa View Post
    Bitcoin investing is a bit of a pyramid scheme right now. I would liken the current situation to the speculative home buying that was happening around 2007. Most folks see values skyrocketing and don't want to be left out of the money. Most of the folks jumping in are gambling on the hope that it keeps going up and somehow they will be smart enough to get out before the music stops.
    This is exactly how I view it too. There's no real entity backing it either. I would not buy in, especially at this point.
    But I am far from an expert.

  16. #16
    Join Date
    Jan 2002
    Location
    In my own little world
    Posts
    19,165

    Default

    It might worth a small lottery ticket purchase. I have been involved in a small way with spec stocks for over two decades. I would be extremely concerned that this thing is ready for a huge correction. But, then again it may not. Like everyone else I don't really understand it and that makes me nervous, along with the rocket trajectory in price. Bottom line, hell if I know what it will do, I may risk a small amount for a lottery ticket.

    A less risky way to play it may be to invest in companies that utilize it such as Square. That's probably much smarter, less gain, but much less risk as well.
    Last edited by LabLuvR; 11-17-2017 at 12:11 PM.
    RIP Kelsey "Bigdawg" Cromer
    12-26-98 12-1-13

    If love could have saved you, you would have lived forever.

    Missing you my great friend.


  17. #17
    Join Date
    Sep 2013
    Posts
    503

    Default

    I learned all about it in 2009 when it first hit the scene. I'd be retired right now if I had two pennies to rub together back then. Mining isn't efficient for common folk, nor is being a mule (facilitator of trades). Keep your eyes on it. No telling where it's going to go.

  18. #18
    Join Date
    Jan 2014
    Location
    Columbia, SC
    Posts
    404

    Default

    Quote Originally Posted by LabLuvR View Post
    It might worth a small lottery ticket purchase. I have been involved in a small way with spec stocks for over two decades. I would be extremely concerned that this thing is ready for a huge correction. But, then again it may not. Like everyone else I don't really understand it and that makes me nervous, along with the rocket trajectory in price. Bottom line, hell if I know what it will do, I may risk a small amount for a lottery ticket.

    A less risky way to play it may be to invest in companies that utilize it such as Square. That's probably much smarter, less gain, but much less risk as well.
    Yeah what scares me about it is how quickly it blew up. Just makes me think it could be a bubble


    Sent from my iPhone using Tapatalk
    “To argue with a man who has renounced the use and authority of reason, and whose philosophy consists in holding humanity in contempt, is like administering medicine to the dead, or endeavoring to convert an atheist by scripture.”

  19. #19
    Join Date
    Nov 2002
    Location
    FloVegas SC
    Posts
    3,306

    Default

    If you want to make your head hurt, try learning where bitcoins come from and how-to and what "mining" actually is. Then once that is settled, try to get someone to answer who is in charge and why they would not just allocate themselves sufficient coins to disrupt the system later in the going. Know this, if you lose your "wallet" with coins in it, much like in real life, you can never get it back. Like day trading, it is not for the faint of heart. Carry on. MG
    Aliqua die cognoscetis!

  20. #20
    Join Date
    Aug 2013
    Posts
    1,497

    Default

    Quote Originally Posted by clembo3 View Post
    Yeah what scares me about it is how quickly it blew up. Just makes me think it could be a bubble


    Sent from my iPhone using Tapatalk
    When I first learned about it I believe one bitcoin was valued at about 3-4 hundred dollars. I think they kind of shot up over a thousand and there was a guy who had been mining them from early on. He supposedly sold them and netted several million dollars. At some point they dropped back down to a few hundred dollars but now they've exploded. If they dropped back down to just a couple hundred dollars now that would probably be the end of bitcoin. I convinced there will eventually be a currency like this that becomes the standard I just wonder if the current ones don't become the 'myspace' version.

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •