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Its not a profit until you have the money in your hand Ray.
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MORE HMMMM ! $17400. I CAN TURN IT INTO CASH IN MY BANK ANY TIME I WANT.
Last edited by Ray63; 11/17/20.
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Its not a profit until you have the money in your hand Ray. Bitcoin is a currency and it functions like one. So holding it is the functional equivalent of holding any other currency.
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IF Bitcoin is a scam then PAYPAL just got scammed. They open up a deal so you can buy, sell, trade crypto and you can buy stuff off of there also. I wouldn’t suggest anyone use PayPal to buy crypto. Using them you are really just buying “shares” of the crypto held by their liquidity provider Paxos. You can’t move the coins off Paypal to your own wallet, nor can you send them to any other wallet for payment or transfer purposes. All their service is good for is investment. But Paxos’ buy volume is way up so it looks like people are all good with it.
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Campfire Tracker
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Bitcoin just broke $14 K. IF Bitcoin is a scam then PAYPAL just got scammed. They open up a deal so you can buy, sell, trade crypto and you can buy stuff off of there also. Another $4K in profit in about 3 months. Scam me some more. Ray I didn't lose money when it dropped from $20K. You only lose money if you sell it for less than what you paid for it. Ray Just to poke a little fun.... I noticed that you can have profit with out selling bitcoin, but not a loss?
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JUST WENT OVER $10k. Could double by the end of the year. Ray Well then by all means, buy the chit out of it! You are welcome to my part if they begin rationing it.
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Bitcoin is actually a cryptocurrency, not a scam. This bull run has a bit of a scammy feel to it. Volume is ridiculously low relative to the price change. Could be chink robots wash trading...
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Its not a profit until you have the money in your hand Ray. Bitcoin is a currency and it functions like one. So holding it is the functional equivalent of holding any other currency. Go to the stop and rob and buy a 12 pack with Bitcoin then get back to us.
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Had anyone here EVER converted a Bitcoin into cash and received the same amount as it was trading for on the day you converted it?
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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Go to the stop and rob and buy a 12 pack with Bitcoin then get back to us.
That can be done easily and the method has been explained in this very thread. Like a lot of things, it requires a person to have two brain cells he can rub together, so no doubt beyond your meager capability.
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Had anyone here EVER converted a Bitcoin into cash and received the same amount as it was trading for on the day you converted it?
That happens all the time, less transaction fees. What exchange are you using that doesn't allow market trades, or trades at your ask?
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$18,100.... It won't be me that says... WISH I HAD BOUGHT SOME............ I just dropped another $2K in alt coins.
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THE BLINDEST MAN IS THE ONE THAT REFUSES TO SEE................. RAY
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Had anyone here EVER converted a Bitcoin into cash and received the same amount as it was trading for on the day you converted it?
That happens all the time, less transaction fees. What exchange are you using that doesn't allow market trades, or trades at your ask? I’m asking if anyone here has redeemed one? If you did, how much were redemption fees and did you get your money immediately? I never said or indicated that I tried and failed as you implied.
My biggest fear is when I die my wife will sell my guns for what I told her they cost.
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I’m asking if anyone here has redeemed one? If you did, how much were redemption fees and did you get your money immediately? I’ve not redeemed any BTC, I wouldn’t know where or how to do that, but I have sold them for USD on exchanges. Fees vary but 0.5% is typical of what I’ve paid. The transaction price was exactly what I specified in my trade order. Availability of cash varies by exchange as most of them manage it on a relationship basis. My accounts are documented and I’ve never tried to withdraw more than what I was leaving on deposit, so the funds have always been available immediately. Most of the exchanges limits daily withdrawals to prevent runs since they aren’t anywhere close to liquid. Coinbase Pro’s limit is $25,000 USD per day but your can sell all you like and hold it with them in the currency of choice until withdrawal. Apologies for mistaking your intent, I think it was the needless capitalization. I also wonder why anyone would assume it can’t be sold at market price....it isn’t physical metal.
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I’m asking if anyone here has redeemed one? If you did, how much were redemption fees and did you get your money immediately? I’ve not redeemed any BTC, I wouldn’t know where or how to do that, but I have sold them for USD on exchanges. Fees vary but 0.5% is typical of what I’ve paid. The transaction price was exactly what I specified in my trade order. Availability of cash varies by exchange as most of them manage it on a relationship basis. My accounts are documented and I’ve never tried to withdraw more than what I was leaving on deposit, so the funds have always been available immediately. Most of the exchanges limits daily withdrawals to prevent runs since they aren’t anywhere close to liquid. Coinbase Pro’s limit is $25,000 USD per day but your can sell all you like and hold it with them in the currency of choice until withdrawal. Apologies for mistaking your intent, I think it was the needless capitalization. I also wonder why anyone would assume it can’t be sold at market price....it isn’t physical metal. Excellent info, Stick. This thing ain’t going away and appears to be poised for major growth. Having bitcoin ATMs says much. Now. Stick,,,,did Jews invent bitcoin? Grins here and just joking you!
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Bitcoin is a scam ripoff, be very careful. How so ? I have also been considering putting some more into it.
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It doesn’t seem very Jewy so I don’t think so. It was freely published and can be almost totally decentralized. Probably the other indicator is that the initial blocks were mined by one computer, definitely the inventor’s. Those coins were never transferred out of the wallet and are worth about $20BB today. I’m just a regular White guy but I’d have a hard time letting that sit. It’d buy a lot of latkes.
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Campfire Regular
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On 7/26/2020, bitcoin hit $10,000 and most people said .... well, you can read what was said. I was trying to help the people on the Fire get ahead. I said I thought Bitcoin would hit $20 K by the end of the year and today it is sitting at $19,300. Will it drop again ? I hope so so I can take some profit and then buy more when it is time.
Will bitcoin drop again ? I am betting it will but it always come back higher than before. Ray
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