Thread: Something new!

Results 1 to 9 of 9
  1. #1 Something new! 
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    MO
    Posts
    53,533
    If you had invested in Bitcoin when it first came out...
    You'd be stinking rich today.

    Bitcoin is near 8K a coin! 8K!!!

    And there are many others, some junk/scams,
    others that meet a need.

    Let's talk about them here.
    May the FORCE be with you!
    Reply With Quote  
     

  2. #2  
    Ancient Fire Breather Retread's Avatar
    Join Date
    Dec 2011
    Location
    I came to Texas as soon as I could
    Posts
    16,263
    I don't get cryptocurrency at all and at my age it's probably a bad idea anyway.
    It's not how old you are, it's how you got here.
    It's been a long road and not all of it was paved.
    . If you ain't havin' fun, it's your own damn fault
    Reply With Quote  
     

  3. #3  
    PORCUS STAPHUS ADMIN Rockntractor's Avatar
    Join Date
    Apr 2009
    Location
    oklahoma
    Posts
    53,010
    I read not long ago that the people of Venezuela like it since their currency collapsed, there are probably lots of third world countries using it that have unstable currency.
    Woe to those who call evil good, and good evil;
    Who substitute darkness for light and light for darkness;
    Who substitute bitter for sweet and sweet for bitter!
    21 Woe to those who are wise in their own eyes
    And clever in their own sight! Isaiah 5:20-21 NASB

    Reply With Quote  
     

  4. #4  
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    MO
    Posts
    53,533
    Quote Originally Posted by Rockntractor View Post
    I read not long ago that the people of Venezuela like it since their currency collapsed, there are probably lots of third world countries using it that have unstable currency.
    Yep. Once you move your assets into say Bitcoin, you can access them
    anywhere on the planet, in secret.

    It's a real interesting way of moving $$$ around and it can make
    you rich, which is a bonus!!

    They are very volatile though. Last week I saw Bitcoin go from the 7K's
    down to the 5K's, per coin in a matter of a day or so. Then it went
    right back up.

    I'm just starting to get my feet wet, doing a lot of reading and YouTubing
    , really cool stuff...
    May the FORCE be with you!
    Reply With Quote  
     

  5. #5  
    Senior Member cadillac shark's Avatar
    Join Date
    Mar 2016
    Posts
    3,832
    Solid article on what to watch-out for... with emphasis on zCash and Monero:

    Malware containing cryptocurrency mining tools can be relatively straightforward to detect using antivirus software, says Justin Fier, cyber intelligence lead for the security firm Darktrace. But illegal mining operations set up by insiders, which can be much more difficult to detect, are also on the rise, he says—often carried out by employees with high-level network privileges and the technical skills needed to turn their company’s computing infrastructure into a currency mint.

    https://www.technologyreview.com/s/6...hnology+Review
    Reply With Quote  
     

  6. #6  
    Senior Member DumbAss Tanker's Avatar
    Join Date
    Jun 2002
    Location
    Missouri
    Posts
    5,206
    Too bubble-ish for my taste, and vulnerable to governments stepping in to muck it up by either internet controls or 'New interpretations' of money-laundering statutes.
    Reply With Quote  
     

  7. #7 8 surprising places where you can pay with bitcoin 
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    MO
    Posts
    53,533
    • Mariam Nishanian, Dentacoin Foundation

    Oct. 11, 2017, 6:00 PM

    More will be added as time goes on,
    I think these are here to stayl

    LINK
    May the FORCE be with you!
    Reply With Quote  
     

  8. #8  
    Power CUer FlaGator's Avatar
    Join Date
    Apr 2004
    Location
    The Swamps of N. Florida
    Posts
    26,451
    I have been investing in cryptocurrency for a while now. Although I haven't had one of the mega returns I have done pretty good. The currencies that I have are Bitcoin, Litecoin, Ripple, and Ethereum. These are pretty stable (as stable as things can be in a very speculative market). Dealing with the taxation of profits is a headache. Keep a journal or spreadsheet of all transactions showing profit, losses, and expenses.

    Mostly don't invest what you can't afford to lose.
    Liberals! The real fascists.
    Reply With Quote  
     

  9. #9  
    eeeevil Sith Admin SarasotaRepub's Avatar
    Join Date
    Mar 2002
    Location
    MO
    Posts
    53,533
    Quote Originally Posted by FlaGator View Post
    I have been investing in cryptocurrency for a while now. Although I haven't had one of the mega returns I have done pretty good. The currencies that I have are Bitcoin, Litecoin, Ripple, and Ethereum. These are pretty stable (as stable as things can be in a very speculative market). Dealing with the taxation of profits is a headache. Keep a journal or spreadsheet of all transactions showing profit, losses, and expenses.

    Mostly don't invest what you can't afford to lose.
    I have Ripple and a tiny one in Ethereum.

    My 1st transaction was a test buying $10.00 in Bitcoin. LOL, I even
    made a dollar and change when I tested selling.

    Finding a good Exchange to buy/sell cryptos is also important.
    Gemini is the 1st one I used as it lets you deposit USD via
    ACH transactions which is very easy and cheap. A lot of Exchanges
    will only accept Wire Transfers which run about 30 bucs but you
    may not have a choice till you acquire one of the major
    Cryptos and start moving them around to Exchanges that
    buy/sell the cryptos you want. I also use Kraken and
    Bittrex as they aren't bad.

    Can you image having bought Bitcoin when it was just
    pennies??? I just looked and BTC is over 8K a coin today!!
    May the FORCE be with you!
    Reply With Quote  
     

Bookmarks
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
  •