Bitcoin currency of the future?

Zer said:
@mr.bigglesworth posted some interesting thoughts on this shit the other week, so I ended up buying some Ethereum last week. Pretty impressed with the results so far. Steady growth but obviously gonna stick around long term see where it goes

You gotta find a trading broker ts. I'm on Quadriga. I had to do some ID verification and that took a few days to process (Send them a pic of some ID and a pic of you holding that ID). Then you just throw some money into your acct (You can do this a number of ways depending on how much you want to invest)
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I just came here to mention the guy that talked about Ethereum last week, I put in some money too with my brother when it was at $160, now It's at $292 so pretty happy. When I bought it up with my brother he said he'd looked at it when it was $10 but had decided against it. He's kicking himself now.
 
AGGAMEMNON66 said:
I thought one of the benefits to some of this stuff was the ability to remain anonymous (ala Silk Road etc) while conducting transactions? Seems totally the opposite if you have to go thru all that to invest or get started.
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You have to go through some verification (And you can do Equifax verification as well) in order to unlock funding methods. I was looking to spend a fair bit, so I had to go through verification to unlock bank transfers. Unverified you can spend, but only via bank draft, money order or some kind of voucher. Verified unlocks Bank Wire, Bank Transfer and Interac

I'm new to the whole thing and I'm not sure about anonymity though. Ethereum's just an investment but for everything else I'm sticking to cash and craigslist
 
MadSquabbles500 said:
credit cards are already a type of "internet currency" It is electronic form of payment. And so is online banking bill pay. Our "currency" is already not backed by anything and is totally imagined.
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Not the same plus it goes through the crook bank
 
MMA IAN said:
I just came here to mention the guy that talked about Ethereum last week, I put in some money too with my brother when it was at $160, now It's at $292 so pretty happy. When I bought it up with my brother he said he'd looked at it when it was $10 but had decided against it. He's kicking himself now.
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I've been watching it since $6...I'm consumed by it. Wish it'd go to $1K+ so I can sell 75% and chill.

Don't forget that everytime you sell, trade, or transfer those tokens it's a taxable event. In the US, capital gains fall under "short term"(<12 months) and "long term"(12+ months). Vastly lower tax rates for holding longer than a year. They're taxed separately from income but you're taxed depending on your income tax bracket. Also, states will want their cut too- several have 0% cap gains taxes though.

Use this calculator as a rough estimate: https://smartasset.com/investing/capital-gains-tax-calculator
 
If you bought $100 in bitcoin 7 years ago, you'd be sitting on around 70+ million today.
 
I hope some of you invested in Ethereum because it's absolutely exploding today. It's up 14% today alone.
 
mr.bigglesworth said:
I've been watching it since $6...I'm consumed by it. Wish it'd go to $1K+ so I can sell 75% and chill.

Don't forget that everytime you sell, trade, or transfer those tokens it's a taxable event. In the US, capital gains fall under "short term"(p>

Use this calculator as a rough estimate: https://smartasset.com/investing/capital-gains-tax-calculator
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Bloke I used to work had mentioned being talked into 'useless' bitcoin after his nerd friend talked him into it, he ended up with nearly $400,000 total. He put a down deposit on a house, spent about $20k on a computer (dual 1080x) etc, he also made it clear some of the money he'd made was to be shaired through his brothers....Love you bro. Not going to start shit.
 
iWinYouLose said:
Not the same plus it goes through the crook bank
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What are the distinguishing attributes of "bitcoin"? And I imagine at some point it will go through a "middle man" anyways. There may even be a bitcoin credit card or credit app some time down the road if bitcoins do get big.
 
rj144 said:
I hope some of you invested in Ethereum because it's absolutely exploding today. It's up 14% today alone.
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Looked in to this stuff a little and still can't figure it out. People are plugging that coinbase thing, but I've read some less than appealing stuff about it.
 
MadSquabbles500 said:
What are the distinguishing attributes of "bitcoin"? And I imagine at some point it will go through a "middle man" anyways. There may even be a bitcoin credit card or credit app some time down the road if bitcoins do get big.
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There's been Bitcoin debit cards for just over a year now.

High fees like those Montell Williams/Russell Simmons scummy banks for poor people though
 
mr.bigglesworth said:
From what I heard they founded Gemini exchange which has 0% fees for ACH/Wire deposits and withdrawals. No other bitcoin exchange offers that.

It's going on 3 weeks for me to get verified there though :/
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If Gemini Exchange gets big, they can stick it to the thief Zuckerberg.

I love revenge, and it is best served cold.

 
Bitcoin against USD and Euro shot up about 250% in the past three months.
 
Bitcoin against USD and Euro shot up about 250% in the past three months.
 
Bitcoin seems to be ripping itself apart.
Transaction times (and costs) are increasing dramatically, and the developers, users and miners can't agree on a fix.
It's market cap has been decreasing steadily against the competition.

SSgt Dickweed said:
Bitcoin against USD and Euro shot up about 250% in the past three months.
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Ethereum has gone up something like 5000% this year, about 3000% in the last 3 months.
 
hbdope said:
Interesting you say that, because Ethereum is up over 2,000% in a year.

http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html

Current monetization isn't even a driving factor for many companies. Look at TSLA and SNAP. SNAP loses money every quarter and TSLA sells 500x less cars than Ford but has a Market cap larger than Ford. If you read the article it says ethereum is focused on smart contracts...contrary to bitcoin focusing on payment technology.

If you don't do your DD you're just gambling pure and simple lol.
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Bitcoin has been steadily losing market share. It's under 50% now.
 
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