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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
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If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Si Vis Pacem, Para Bellum
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Wow, didn’t realize it was that high again…..that one is all over the map though.
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I bought in 2017 and again in 2018. It can go crazy all it wants...
Si Vis Pacem, Para Bellum
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The miners divided or "halving" is coming up in April.
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Happens every 4 years or so...
Si Vis Pacem, Para Bellum
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Goldman Sachs and their ilk are licking their chops over what the Muppets are doing.
Just say'n
Last edited by hicountry; 02/09/24.
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2001
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Just drawing in more suckers, IYAM...
Ex- USN (SS) '66-'69
Pro-Constitution.
LET'S GO BRANDON!!!
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The Johnny Come Latelys didn't do so well. Those who bought in the $150 - $800 range are quite happy they did. Many can now afford to buy a sucker manufacturing plant.
Si Vis Pacem, Para Bellum
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Campfire Ranger
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My stock account is going nuts too. Going to take some profits
1Minute
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It's a house of cards, but take what you can make while you can.
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It's a house of cards, but take what you can make while you can. So when is it going to fail oh wise one ?
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The Johnny Come Latelys didn't do so well. Those who bought in the $150 - $800 range are quite happy they did. Many can now afford to buy a sucker manufacturing plant. Where is your plant?
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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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It's a house of cards, but take what you can make while you can. So when is it going to fail oh wise one ? Hang around and find out Einstein. It isn't like I'm saying something revolutionary.
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I wouldn’t touch any crypto scam currency!
Liberalism is a cancer
Support Christian Family values
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Campfire Sage
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It's a house of cards, but take what you can make while you can. This.
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Campfire Sage
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There's no there there. It's the current Dutch tulip bulbs and Beanie Babies.
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Cryptocurrency is a utility and a very powerful one at that.
The problem arose, when 'investors" and I use that term lightly, began considering cryptocurrency as an investment.
Si Vis Pacem, Para Bellum
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There was a house in Joo Orlin's... They call the Rising Sun... Been the ruin of many a poor man... Lord i know i am not one...
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Cryptocurrency is a utility and a very powerful one at that.
The problem arose, when 'investors" and I use that term lightly, began considering cryptocurrency as an investment. Explain utility vs investments! Your reasoning lost me. If I put mooney into an account, crypto or stocks, bond ect. isn't that an investment. Where does utility come into play. I can do anything with standard investments, that I can with crypto, except hide purchases. Correct! Or am I off base here?
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I use cryptocurrency to instantly move funds from point A to point B without having to deal with banks, transaction fees, or forex exchanges - which can take days to complete. That's the utility of cryptocurrency.
The investment side is, cryptos change based upon availability and demand. Folks decided to play the volatility in price that cryptos like Bitcoin presented. They never intended to transfer value, they simply wanted to played the market and hopefully get rich in the process.
Si Vis Pacem, Para Bellum
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So if you had 100 k in crypto, you could cash it out in one day, and have currency in your hand. How would that work? Regular transactions would take 72 hours, and you would have currency. At least thats been my experience. Not with 100k but with 20k.
Last edited by Heym06; 02/09/24.
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Campfire Kahuna
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Campfire Kahuna
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What is behind the "bitcoin"?
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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I convert to cash the same day and within minutes. Coinbase has a phone app that can transfer out of your account to any bank in the world and in any currency.
I only keep a few coins in Coinbase for quick transfers or cashout. Most is held within a Ledger Nano X physical wallet that is in a fire safe.
This is not difficult or mysterious.
Si Vis Pacem, Para Bellum
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What is behind the "bitcoin"? About the same that is behind the US dollar - vapor value.
Si Vis Pacem, Para Bellum
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Phone app, well I should've figured. How often have you used this bitcoin, to purchase something, without converting to cash or card! Large purchases type stuff. Land, car or truck something that titles. Some one or place that accepts bitcoin? Time for me to do more research !!!
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So if you had 100 k in crypto, you could cash it out in one day, and have currency in your hand. At what bank have you taken $100k out of your account and had the fiat in your hand on the same day?
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So if you had 100 k in crypto, you could cash it out in one day, and have currency in your hand. At what bank have you taken $100k out of your account and had the fiat in your hand on the same day? If you read the entire comment you would see, never. Whats your point?
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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
What is behind the "bitcoin"? About the same that is behind the US dollar - vapor value. Damn... That made me laugh.
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Joined: Feb 2013
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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
What is behind the "bitcoin"? I hope you find a BBC behind YOU...
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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So if you had 100 k in crypto, you could cash it out in one day, and have currency in your hand. At what bank have you taken $100k out of your account and had the fiat in your hand on the same day? If you read the entire comment you would see, never. Whats your point? Look up and you can see it.
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Great trading vehicle.
Make your $$$$ and run.
If you think the gov is going to allow a competitor to their currency, you really are smoking something.
Could be the short of the century....
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So the only thing needed to get into this crypto currency are US dollars?
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Friend of mine i share coffee with has been regaling me with the weekly play by play.
He makes about 45,000/yr as a teacher. his bitcoin profits (not counting taxes owed) since sept is 250,000. He's in and out, I think frequently.
I dont really know. But he's a mousy little dorky dude and isnt prone to exaggeration.
Pretty interesting.
I am not taking part. Missed that boat, which I suppose i am ok with.
Quit giving in inch by inch then looking back to lament the mile behind ya and wonder how to preserve those few feet left in front of ya. They'll never stop until they're stopped. That's a fact.
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Campfire Sage
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Missed that boat, which I suppose i am ok with. Lots of people missed the Beanie Baby boat, too. It doesn't mean that those who got rich from it were wise investors.
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What is behind the "bitcoin"? About the same that is behind the US dollar - vapor value. And Gold and Silver for that matter. Everything is worth whatever people think it is worth.
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Or in the case of a diamond. A diamond is worth what the DeBeers cartel says it's worth.
Si Vis Pacem, Para Bellum
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So you guys are cheering on another way government can control you. It’s freaking amazing!
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So you guys are cheering on another way government can control you. It’s freaking amazing! Please help me understand how you believe "government" can control Bitcoin.
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Anything and everything that is ran by internet or satellite services can be shut down at any time. If you do not keep or use cash your in deep trouble. Have you not already seen what happens when the power goes down across a huge area? You can’t purchase anything with plastic or wired services anywhere!
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Anything and everything that is ran by internet or satellite services can be shut down at any time. Can you explain how Bitcoin transactions will be shut down? What specific changes would be made? Asking because both China and India have banned them, but they continue to occur in both countries. To my knowledge governments in both countries have much higher control over the backbone connections to the Internet than US governments do.
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All I can say is people that don’t think it can happen will be the ones that will go crazy when it does. Just like when a cell phone tower goes down and people have no type of communication they go absolutely ape shi* crazy!
Bitcoin is not insured or protected in anyway.
Last edited by Buck720; 02/10/24.
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All I can say is people that don’t think it can happen will be the ones that will go crazy when it does. Just like when a cell phone tower goes down and people have no type of communication they go absolutely ape shi* crazy!
Bitcoin is not insured or protected in anyway. You mean like stocks?
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Campfire Sage
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Campfire Sage
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What is behind the "bitcoin"? About the same that is behind the US dollar - vapor value. And Gold and Silver for that matter. Everything is worth whatever people think it is worth. Wow! You are amazingly misinformed. First gold and silver were valued for their many unique properties. Then they became money. No one decided one day that they were money, and just put them out there as such, as with Bitcoin.
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All I can say is people that don’t think it can happen will be the ones that will go crazy when it does. I'm just asking you to explain how the government can ban it. You say it can, but you don't seem to know how, so I am wondering what you base your thoughts on.
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I didn’t say ban it I said can shut it down with a push of a button. I know everyone on here has a cell phone and everyone that does got the emergency testing on every phone in the United States here a few months ago. It’s simple testing for control. Bitcoin is all internet based they can control it and watch every move on it!
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What is behind the "bitcoin"? About the same that is behind the US dollar - vapor value. And Gold and Silver for that matter. Everything is worth whatever people think it is worth. Wow! You are amazingly misinformed. First gold and silver were valued for their many unique properties. Then they became money. No one decided one day that they were money, and just put them out there as such, as with Bitcoin. There are all kinds of things that can be used as money. Anything that is commonly accepted within an economy to be used as means of exchange, unit of accounting, a store of wealth, etc. can be used. Money is, as money does. Money is a human construct to make exchange of goods and services easier. https://www.afriexapp.com/post/the-history-of-money-strange-things-used-as-currency
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Campfire Kahuna
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Campfire Kahuna
Joined: Sep 2011
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These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Bitcoin is all internet based they can control it and watch every move on it! The Bitcoin ledger is public information as designed, anyone at all can watch every move. I am asking you to explain how they would shut it down. What specific things would be done to prevent Bitcoin transactions from occurring? Just full disclosure: I think there is 0% chance you have any idea what you are talking about and know nothing about how Bitcoin works apart from you reading a CNN article about the Internet somehow being involved, but I am easily convinced by evidence. Just walk me through it.
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Campfire Sage
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Campfire Sage
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There are all kinds of things that can be used as money. Anything that is commonly accepted within an economy to be used as means of exchange, unit of accounting, a store of wealth, etc. can be used. Money is, as money does. Money is a human construct to make exchange of goods and services easier. Currency, not money. Money must be a currency, but not all currency is money. Fiat dollars and Bit Coins, while currencies, fail the standard for money with regard to durability and store of value. They also have no underlying utility.
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If you think the gov is going to allow a competitor to their currency, you really are smoking something.
Could be the short of the century.... The bankers of the world cannot allow an alternative to fiat currency. Not saying Bitcoin is good money, but good money has to be outlawed as was gold in the 1930s to the 1970s. Whether Bitcoin is good money or not it will get its chain yanked up short if it threatens government sanctioned money. And Gold and Silver for that matter. Everything is worth whatever people think it is worth. Gold or silver has never been worth nothing. That among other reasons is why the U.S. government outlawed most private ownership of it in the 30s.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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There are all kinds of things that can be used as money. Anything that is commonly accepted within an economy to be used as means of exchange, unit of accounting, a store of wealth, etc. can be used. Money is, as money does. Money is a human construct to make exchange of goods and services easier. Currency, not money. Money must be a currency, but not all currency is money. Fiat dollars and Bit Coins, while currencies, fail the standard for money with regard to durability and store of value. They also have no underlying utility. I’m sorry, but no. Currency is a physical form of money. Your understanding if kind of backwards. You can’t have currency without the underlying money. Most money is not in the form of currency. I’ve got money in the bank that is really only accounting. I can go and get some of that money in the form of currency so I can put if in my pocket and walk around with it (it is really more like an I.O.U. for the value it represents). I can take it back to the bank, give it to them and they will credit my account, then somebody else can go and get that same currency that will come and the will debit their account for that money. When gold or silver was used. It was really no different, that’s why economies have been able to go on and off the gold standard without a total collapse of their economies. It’s just accounting.
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So if you had 100 k in crypto, you could cash it out in one day, and have currency in your hand. At what bank have you taken $100k out of your account and had the fiat in your hand on the same day? If you read the entire comment you would see, never. Whats your point? Look up and you can see it. I know this was yesterday, but you cherry picked what I said, like a fuggn democrap! And cropped the last sentence. Any thing you say in the future can not to be trusted! Spinng , is not an acceptable practice, to follow a conversation. GFY
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When gold or silver was used. It was really no different, that’s why economies have been able to go on and off the gold standard without a total collapse of their economies. It’s just accounting. It's not accounting. Currency that's divorced from real money is fraud and theft. It's a prerequisite for the Ponzi scheme they force us to participate in, designed to constantly strip wealth from the people at large so as to transfer it to a tiny, elite, super wealthy, class.
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Spinng , is not an acceptable practice, to follow a conversation. GFY What a loss for me that that I no longer have your trust. I missed the part where you explained how Bitcoin transactions will be controlled by the government. Can you post it again?
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Spinng , is not an acceptable practice, to follow a conversation. GFY What a loss for me that that I no longer have your trust. I missed the part where you explained how Bitcoin transactions will be controlled by the government. Can you post it again? There you go again, pretty soon no one will trust you! Nor should they!
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Spinng , is not an acceptable practice, to follow a conversation. GFY What a loss for me that that I no longer have your trust. I missed the part where you explained how Bitcoin transactions will be controlled by the government. Can you post it again? The governments of the world will simply outlaw Bitcoin and its copycats and that will be that. Heavy penalties attached for trade in anything but the approved "money". Finished business.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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Campfire Ranger
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Touched on $55k today. Anyone want to guess the ceiling on this rally? It hits $100k I’m buying a sauer 404 in 7mag with an aimpoint like those wild boar fever guys use and hunt in a tweed jacket this season.
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I think this run could be a signal beyond Bitcoin.
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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I don't own Bitcoin and never have.
I do own stock in bitcoin miners though. Have treated me well.
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Looking ahead...lol
You can either figure it out or...
@jameslavish
If you work 40 hrs/wk: at 5% inflation and after 5 years, you need a 28% pay raise or to work 44 more hours (*one full extra week* per month+) to make up the difference.
This is inflation
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New Member
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Last 5 months were great example why time in market and DCA is better than timing the market.
Imagine how many people got left behind waiting BTC at 25k,30k,35k,40k,45k,50k..
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It was just my imagination running away with me. Edk
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I bought in 2017 and again in 2018. It can go crazy all it wants... I wish i had bought back then, at least $50k worth. dayum!
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I don't own Bitcoin and never have.
I do own stock in bitcoin miners though. Have treated me well. Can you please DM me and tell me about it?
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Maybe that guy knows something you don't? $6 BTC = Tulips $60 BTC = Tulips $600 BTC = Tulips $6,000 BTC = Tulips $60,000 BTC = Tulips Just because a person has been wrong the last 15 years in a row doesn't mean he is wrong now.
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How would you turn your bitcoin into cash?
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Campfire Ranger
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Campfire Ranger
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How would you turn your bitcoin into cash? Sell it for USD on Coinbase. They have a debit card option now too tou can use to spend your crypto funds, never looked into it myself though. Possibly an easy button option.
Last edited by jackmountain; 03/02/24.
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Maybe that guy knows something you don't? $6 BTC = Tulips $60 BTC = Tulips $600 BTC = Tulips $6,000 BTC = Tulips $60,000 BTC = Tulips Just because a person has been wrong the last 15 years in a row doesn't mean he is wrong now. you make my point without even knowing it. I get it if you enjoy speculation and don’t care. That is what bitcoin is. It has no tangible value other than what the market says. Just because something keeps going up in price, that doesn’t make it a great investment by itself. You do understand the difference between smart and dumb money? Dumb money are non sophisticated investors. What was I wrong about for 15 years? Bitcoin is todays tulips.
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Campfire Ranger
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Maybe that guy knows something you don't? $6 BTC = Tulips $60 BTC = Tulips $600 BTC = Tulips $6,000 BTC = Tulips $60,000 BTC = Tulips Just because a person has been wrong the last 15 years in a row doesn't mean he is wrong now. you make my point without even knowing it. I get it if you enjoy speculation and don’t care. That is what bitcoin is. It has no tangible value other than what the market says. Just because something keeps going up in price, that doesn’t make it a great investment by itself. You do understand the difference between smart and dumb money? Dumb money are non sophisticated investors. What was I wrong about for 15 years? Bitcoin is today’s tulips. No. It has the possibility, dependent on the level of acceptance, of being a way to electronically transfer funds immediately, anywhere in the world without relying on/being enslaved to, a global banking cartel. It has the possibility to be an accepted means of currency that’s value can’t be manipulated by a central bank by producing more anytime they want. It has the possibility of breaking the chains put on us by the illegal privately owned Federal Reserve that hijacked our currency.
Last edited by jackmountain; 03/02/24.
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Coin base has had some problems in the past.. I don't know if they were related to Tether.
I would probably use bitcoin to buy gold or precious metals. Most of the big sellers of precious metals take bitcoin.
They have 3 price structures: from the most expensive to the least.
1) credit card
2) check
3) bitcoin
Just a thought.
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Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable.
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Joined: Feb 2001
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I don't own Bitcoin and never have.
I do own stock in bitcoin miners though. Have treated me well. Can you please DM me and tell me about it? Right now it's MARA. I have been scalping the very short term swings. Am now holding from when it recently traded at 16 bux. Looking for movement at halving time. Lot's of info on MARA available. I think MARA is the miner to play these days.
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"A Republic, if you can keep it." ~ B. Franklin
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Curious as to what crypto currency is and how it works...I asked a guy in the business a few years ago...He explained and explained, I still didn't get it...finally in exasperation he told me, "Look Flint, forget about it's value quoted in dollars and where and how that is established...when you buy crypto, you are just buying it in the faith that somewhere down the road, someone will pay more for it than you did".
Even though I still don't understand it.....That is all I needed to know.
Well this is a fine pickle we're in, should'a listened to Joe McCarthy and George Orwell I guess.
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It would be nice if Block SQ shares started rising like Bitcoin.
SATOSHI
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Guy I went to high school with got in heavy under $500 in 2015-16 or there abouts. Apparently he's held everything and added from what I hear from mutual acquaintances. Supposedly well into the millions in value currently but he keeps holding.
Not for me, doesn't make it wrong, might even make me dumb. Time will tell.
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So the way to make money with bitcoin is to treat it like a commodity and not a means of exchange?
Buy low, sell high and cash out before it crashes. Rinse and repeat.
"I was born in the log cabin I helped my grandfather build"
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you make my point without even knowing it. My point is that you have no idea what you are talking about, and making it was my intention. You don’t even know anything about the Tulip Futures Bubble beyond the fact that there was one.
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Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits?
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So who has pocketed profits? I sold some during the 2021 bull run. Percentage-wise it was a very good profit but I still hold the majority of what I purchased prior. I did buy a little when it was in the lows 20s. If the price went to 0 right now I'd still be in the green overall.
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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
Golly Gee... who would have ever guessed? ![[Linked Image from i.postimg.cc]](https://i.postimg.cc/SKG6GG7W/Screenshot-2024-03-20-at-20-15-15-Bitcoin-USD-BTC-USD-Stock-Price-News-Quote-History-Yahoo-Fin.png)
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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Campfire Sage
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Joined: Jun 2002
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So who has pocketed profits? I sold some during the 2021 bull run. Percentage-wise it was a very good profit but I still hold the majority of what I purchased prior. I did buy a little when it was in the lows 20s. If the price went to 0 right now I'd still be in the green overall. Now you're playing with the house's money.
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The SEC’s chairman is investigating the Ethereum Foundation and is pushing to have it listed as a security.
This move by the SEC is in line with the Biden Administration’s crackdown on the whole cryptocurrency industry labeling it as a “lawless entity”.
WSJ, Fortune
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Campfire Kahuna
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Campfire Kahuna
Joined: Jan 2005
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I wouldn’t touch any crypto scam currency! I agree to that part in a way. It won't stay. But you can make some big money in a hurry if you risk it. At our age risk is just not worth it. Really never was actually. Just solid investments that return well enough.
We can keep Larry Root and all his idiotic blabber and user names on here, but we can't get Ralph back..... Whiskey Tango Foxtrot, over....
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Wish I had bought a tone if it in 2019
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Golly Gee... who would have ever guessed? Once the ATH was made I expected a bigger dip. Am really surprised it is still in the mid to upper 60s since like in 2021 there was a good bit of this sort of thing going on: ![[Linked Image from i.ibb.co]](https://i.ibb.co/XjQT6qF/BTCExit.jpg) Which "unlocks" a lot of volume. Assuming those transactions were to cash out, that is a pretty nice ride.
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Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits? Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week. I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility. Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now.
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A couple of bitcoin factors coming up.
It will half shortly.
In the 2nd quarter UK 's. ETF"S come on line.
I think it will hit _______
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All I can do is shake my head. You can't convince someone into Bitcoin. I gave all the info needed years ago on here to understand and learn about BTC.
Here are some facts.
1) BTC is the best performing investment ever.
2) Fink wouldn't be buying it period if it wasn't as good as claimed! Take a close look at his purchases.
3) It is the fastest growing ETF ever.
4) Much smarter and successful money managers then us all realize the legitimacy of BTC.
5) Yes it is a very volatile investment in the short term.
6) Hong Kong will have ETF's most likely next quarter.
7) Many countries hold BTC to include the US.
8) BTC has a set supply, unlike gold and other metals. Gold is the second most manipulated thing on earth and only second to fiat.
9) The banks, exchanges, governments all have tried to kill BTC, now they are all trying to embrace it. Go figure.
10) BTC is liquid-able. yes I have sold and had the funds in my bank same day. However selling isn't the smart thing to do. better to barrow from yourself and that way not pay taxes.
11) yes people have bought houses using BTC.
12) Once Greyscale has liquidated the bankruptcies BTC there will not be a surplus of BTC for OTC's. This has been the main reason for the price staying in the $60K range.
13) The halving is 28ish days away depending on the Hash rate. There isn't enough BTC for all the ETF's, Hong Kongs ETF launch, Saylor, Mr. 100, and all the other whales. This is without taking into account of retail investors.
14) Remember Bill Gates on I think it was the Tonight show? Yeah they laughed at him! However everything he said came true. You can't stop technology.
Last edited by MontanaCreekHunter; 03/23/24.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Jan 2009
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Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits? Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week. I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility. Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now. Ok, It’s real and gains can be taken in cash, Nice.. It still scares me (ignorance) and why do i feel I’ve missed the boat? At this point I have to pass.
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits? Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week. I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility. Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now. Ok, It’s real and gains can be taken in cash, Nice.. It still scares me (ignorance) and why do i feel I’ve missed the boat? At this point I have to pass. Easy button for me was setting up a Coinbase account, then a seperate bank account with only my name on it, or if not make sure the coin base account is registered exactly like your bank account (middle initial or full name etc.) deposit cash into account, buy whatever crypto asset you’re interested in, when it goes up and you’re ready to sell, cash out and it’s back in my bank account in less than 24hrs available for use There’s nothing hard or scary to it. Currency is dead, no one is going to want your gold in trade for food etc…until they figure out how to control it, BTC and others are the best thing that’s happened for freedom in the last 100 years. We can finally have our monetary system back if we embrace it.
Last edited by jackmountain; 03/23/24.
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Joined: Dec 2013
Posts: 23,686 Likes: 1
Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
All I can do is shake my head. You can't convince someone into Bitcoin. I gave all the info needed years ago on here to understand and learn about BTC.
Here are some facts.
1) BTC is the best performing investment ever.
2) Fink wouldn't be buying it period if it wasn't as good as claimed! Take a close look at his purchases.
3) It is the fastest growing ETF ever.
4) Much smarter and successful money managers then us all realize the legitimacy of BTC.
5) Yes it is a very volatile investment in the short term.
6) Hong Kong will have ETF's most likely next quarter.
7) Many countries hold BTC to include the US.
8) BTC has a set supply, unlike gold and other metals. Gold is the second most manipulated thing on earth and only second to fiat.
9) The banks, exchanges, governments all have tried to kill BTC, now they are all trying to embrace it. Go figure.
10) BTC is liquid-able. yes I have sold and had the funds in my bank same day. However selling isn't the smart thing to do. better to barrow from yourself and that way not pay taxes.
11) yes people have bought houses using BTC.
12) Once Greyscale has liquidated the bankruptcies BTC there will not be a surplus of BTC for OTC's. This has been the main reason for the price staying in the $60K range.
13) The halving is 28ish days away depending on the Hash rate. There isn't enough BTC for all the ETF's, Hong Kongs ETF launch, Saylor, Mr. 100, and all the other whales. This is without taking into account of retail investors.
14) Remember Bill Gates on I think it was the Tonight show? Yeah they laughed at him! However everything he said came true. You can't stop technology. Good to see you posting here again MCH!
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Joined: Jan 2009
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Campfire Outfitter
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Campfire Outfitter
Joined: Jan 2009
Posts: 11,544 Likes: 2 |
Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits? Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week. I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility. Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now. Ok, It’s real and gains can be taken in cash, Nice.. It still scares me (ignorance) and why do i feel I’ve missed the boat? At this point I have to pass. Easy button for me was setting up a Coinbase account, then a seperate bank account with only my name on it, or if not make sure the coin base account is registered exactly like your bank account (middle initial or full name etc.) deposit cash into account, buy whatever crypto asset you’re interested in, when it goes up and you’re ready to sell, cash out and it’s back in my bank account in less than 24hrs available for use There’s nothing hard or scary to it. Currency is dead, no one is going to want your gold in trade for food etc…until they figure out how to control it, BTC and others are the best thing that’s happened for freedom in the last 100 years. We can finally have our monetary system back if we embrace it. Minimum initial investment?
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
Ok, so who has cashed out? You put how much in, and took how much out?
Profits?
Feel free to brag if applicable. So who has pocketed profits? Sold enough last week to pay off 2 small amounts left on heavy equipment loans which puts the company and us personally debt free. Using the rest of what I cashed out to head to Florida next week. I’ll be buying the next sizable dip, and firmly believe there’s massive upside and potential to make $$ if you have the stomach for the volatility. Didn’t do as well as I have on the NVDA I bought last August for $480+/- That’s around $900/share now. Ok, It’s real and gains can be taken in cash, Nice.. It still scares me (ignorance) and why do i feel I’ve missed the boat? At this point I have to pass. Easy button for me was setting up a Coinbase account, then a seperate bank account with only my name on it, or if not make sure the coin base account is registered exactly like your bank account (middle initial or full name etc.) deposit cash into account, buy whatever crypto asset you’re interested in, when it goes up and you’re ready to sell, cash out and it’s back in my bank account in less than 24hrs available for use There’s nothing hard or scary to it. Currency is dead, no one is going to want your gold in trade for food etc…until they figure out how to control it, BTC and others are the best thing that’s happened for freedom in the last 100 years. We can finally have our monetary system back if we embrace it. Minimum initial investment? I would think that’s a personal decision. One man’s play money is another man’s life savings. I would invest whatever you’re perfectly comfortable losing all of. Just like the stock market.
Last edited by jackmountain; 03/23/24.
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Campfire Ranger
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OP
Campfire Ranger
Joined: Feb 2013
Posts: 21,801 Likes: 8 |
JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL
If you are not actively engaging EVERY enemy you encounter... you are allowing another to fight for you... and that is cowardice... plain and simple.
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I’ll rephrase that, Is Bitcoin like a mutual fund?
Some mutual funds have a minimum initial buy in, others have no required minimum initial investment.
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Campfire Regular
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so if you have bitcoin, is your real bank for transfers "off shore" and how do you spend it if it is?
Last edited by richj; 03/23/24.
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JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Alternative money cannot be allowed. There is a reason our fiat currency which is actually an IOU states clearly that it is legal tender for ALL debts public and private. When the time comes BitCoin can be outlawed and its attempted use can come with a prison sentence and huge fine.
Patriotism (and religion) is the last refuge of a scoundrel.
Jesus: "Take heed that no man deceive you."
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so if you have bitcoin, is your real bank for transfers "off shore" and how do you spend it if it is? Bitcoin can be instantly converted to most any form of cash, cryptocurrency, or gold if you so prefer. More and more merchants are accepting BitPay so you can make purchases based on the current rate without exchanging into cash.
Si Vis Pacem, Para Bellum
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JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Alternative money cannot be allowed. There is a reason our fiat currency which is actually an IOU states clearly that it is legal tender for ALL debts public and private. When the time comes BitCoin can be outlawed and its attempted use can come with a prison sentence and huge fine. That is certainly true in the US, however, there are countries where you can still open a cryptocurrency account without a US tax ID. In the early days, it was easy to open without a US tax ID. Now it is much more difficult. You can also establish an international trust and open an account, however, establishing an international trust isn't free. And there there are third parties who will set up an account. Perfectly safe as you hold the crypto key.
Last edited by STRSWilson; 03/23/24.
Si Vis Pacem, Para Bellum
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Campfire Ranger
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JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL Very much so. I would much rather have no alternative to our privately controlled fiat currency that can be/is manipulated and devalued.
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
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JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Alternative money cannot be allowed. There is a reason our fiat currency which is actually an IOU states clearly that it is legal tender for ALL debts public and private. When the time comes BitCoin can be outlawed and its attempted use can come with a prison sentence and huge fine. And when it gets to that point, then there’s a very real chance that we’d already passed the point that we were forced to take up arms and revolt for a myriad of other transgressions they’d unleashed upon us. Until then, if there’s a system of commerce using a currency not controlled by our govt or private banks I’ll happily make use of it.
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Joined: Nov 2004
Posts: 17,275
Campfire Ranger
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Campfire Ranger
Joined: Nov 2004
Posts: 17,275 |
I wish you well in your endeavor to turn water into wine. It has been done in the past.
g
"I have sworn upon the altar of God, eternal hostility against every form of tyranny over the mind of man."
Thomas Jefferson
GeoW, The "Unwoke" ...Let's go Brandon!
"A Well Regulated Militia" Life Member
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Campfire Kahuna
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Campfire Kahuna
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"The emperor has no clothes"
These premises insured by a Sheltie in Training ,--- and Cooey.o
"May the Good Lord take a likin' to you"
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Joined: Dec 2013
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Campfire Ranger
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Campfire Ranger
Joined: Dec 2013
Posts: 23,686 Likes: 1 |
"The emperor has no clothes" Could be said about most things we hold to be true in this day and age.
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Joined: Oct 2010
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Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2010
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If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Who believes that? The Bitcoin ledger is public by design. Only a completely uninformed boob would think it "cannot be tracked". I posted transactions from the ledger above. As far as banning it, so what? China has repeatedly banned mining, trading for their fiat, and pretty much every other type of transaction with it, and have not been able to stop it. Chinks did over $200BB in transactions in the year after their last ban went into place.
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
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I’ll rephrase that, Is Bitcoin like a mutual fund?
Some mutual funds have a minimum initial buy in, others have no required minimum initial investment. No there is no minimum. You can buy whatever you want to. I know people that DCA $5 a week into BTC. For those that think they are too late to the show that is not true at all. Cost of admission is more now of course but it's far from too late. Personally I am DCAing to $100K at which point I will stop. When if it drops below $100K I will resume DCAing. Warning: Do your own research you are ultimately responsible for your investments. Only invest what you can afford. Be honest with your expectations and your timeline. As Warren says investing is the Patient people taking money from the impatient people. Also there are faster horses. Something to consider is to allocate say 10 to 20% into one of these blockchains. Everyone has their favorites or opinions but right now SOL is the head and shoulder winner. Blockchain technology changes fast and generally speaking it is easier for new blockchains to dethrone older blockchains. So stay on top of your investments. Best advice I can give to anyone on the fence is to listen to Mark Moss, James on InvestAnswers, and Anthony Pompliano. InvestAnswers is a really good Youtube channel it has helped me do very well.
Eat Fish, Wear Grundens, Drink Alaskan.
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Campfire Outfitter
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Campfire Outfitter
Joined: Jun 2008
Posts: 13,354 |
If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Who believes that? The Bitcoin ledger is public by design. Only a completely uninformed boob would think it "cannot be tracked". I posted transactions from the ledger above. As far as banning it, so what? China has repeatedly banned mining, trading for their fiat, and pretty much every other type of transaction with it, and have not been able to stop it. Chinks did over $200BB in transactions in the year after their last ban went into place. BTC is very transparent and selling any crypto is a taxable event!
Last edited by MontanaCreekHunter; 03/23/24.
Eat Fish, Wear Grundens, Drink Alaskan.
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Joined: Oct 2021
Posts: 10,802 Likes: 2
Campfire Outfitter
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Campfire Outfitter
Joined: Oct 2021
Posts: 10,802 Likes: 2 |
JM...
Doesn't it bother you that .GOV cannot track... and also tax... your BitCoin investments?
LOL If you believe BitCoin and other similar alternative stores of wealth cannot be tracked or made illegal by the governments you are incorrect. Alternative money cannot be allowed. There is a reason our fiat currency which is actually an IOU states clearly that it is legal tender for ALL debts public and private. When the time comes BitCoin can be outlawed and its attempted use can come with a prison sentence and huge fine. That is certainly true in the US, however, there are countries where you can still open a cryptocurrency account without a US tax ID. In the early days, it was easy to open without a US tax ID. Now it is much more difficult. You can also establish an international trust and open an account, however, establishing an international trust isn't free. And there there are third parties who will set up an account. Perfectly safe as you hold the crypto key. Bolivia.
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Joined: Oct 2021
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Campfire Outfitter
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Campfire Outfitter
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so if you have bitcoin, is your real bank for transfers "off shore" and how do you spend it if it is? Bitcoin has Bitcoin ATMs around the USA for limited redemptions.
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Joined: Jan 2001
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Campfire Ranger
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Campfire Ranger
Joined: Jan 2001
Posts: 29,882 Likes: 6 |
And my stock funds are going through the roof as well. Think I'll bail though about a month before the election.
Last edited by 1minute; 03/23/24.
1Minute
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Campfire Outfitter
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Campfire Outfitter
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so if you have bitcoin, is your real bank for transfers "off shore" and how do you spend it if it is? Bitcoin has Bitcoin ATMs around the USA for limited redemptions. There are BTC ATM's around Europe and Asia as well.
Eat Fish, Wear Grundens, Drink Alaskan.
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