Bitcoin explosion and ALT coins thread

[My2Cents]

And FYI, I hope it crashes more so I can buy more

 

[TestosterOWN]

Bought a little more at when it hit 30k

 

[kenetics]

People selling now will regret later. Just buy and hold and don’t go back into fiat. Max Keiser knows. Watch this and open your eyes:

Yup. They always do.

I sold one of my coin to pay down my home. I really didn't want to but I want to be debt free by 40yrs old. I'm 36 now.

 

[Deleted member 547767]

Bitcoin is air, house of cards, ponzy.

Currency today is not what it used to be. One thing that is good in the US is cash acceptance. Makes sense because of the federal reserve bank who makes a profit of every dollar printed and spent. International debt, no incentives to pay it, huge transational transactions before markets crash or go up. Currency is not backed up in materials like gold, silver, copper. It's just not there. It's speculations.

In Europe we use digital currency almost exclusively. Hardly any transaction is done with cash. Which makes us vunerable. They can freeze our accounts whenever.

Come at me bro. I'm an economist.

 

[ThinkGreen]

People are pulling profits out. It's going to go back up pretty soon.

will it drop below 30k again?

 

[kenetics]

Bitcoin is air, house of cards, ponzy.

Currency today is not what it used to be. One thing that is good in the US is cash acceptance. Makes sense because of the federal reserve bank who makes a profit of every dollar printed and spent. International debt, no incentives to pay it, huge transational transactions before markets crash or go up. Currency is not backed up in materials like gold, silver, copper. It's just not there. It's speculations.

In Europe we use digital currency almost exclusively. Hardly any transaction is done with cash. Which makes us vunerable. They can freeze our accounts whenever.

Come at me bro. I'm an economist.

You can freeze bitcoin because it's not controlled by one entity. Even if they try to block bitcoin in one country other countries would continue to mine them just like they already have.

Government would also need to shut down the internet which wouldn't happened because it would also affect other areas in society obviously.

 

[kenetics]

will it drop below 30k again?

Maybe, but it's going to go up because the government is going to print more stimulus this year.

 

[gonads20]

who here owns a whole bitcoin?

 

[kenetics]

who here owns a whole bitcoin?

I do.

 

[Deleted member 547767]

You can freeze bitcoin because it's not controlled by one entity. Even if they try to block bitcoin in one country other countries would continue to mine them just like they already have.

Government would also need to shut down the internet which wouldn't happened because it would also affect other areas in society obviously.

Shutting down Internet is happening as we speak. Mostly in China. And now in the US. Other crypto currency entreprenears has shut it down and ran away with the money. Bitcoin fluctuates quite a bit. Try buying food with bitcoins at your local store when markets crash.

Sounds like you have invested in bitcoin. True or false?

 

[kenetics]

Shutting down Internet is happening as we speak. Mostly in China. And now in the US. Other crypto currency entreprenears has shut it down and ran away with the money. Bitcoin fluctuates quite a bit. Try buying food at your local store when markets crash.

Sounds like you have invested in bitcoin. True or false?

I have investment in Bitcoin , stocks and my own home.

Stealing happens in all industries in finance lol. Nothing changes that fact.

 

[Deleted member 547767]

I have investment in Bitcoin , stocks and my own home.

Stealing happens in all industries in finance lol. Nothing changes that fact.

Sure. Money is a dirty business. I might be in the wrong in the future. But I have no investments. Just savings in an account with decent interests. I don't like to bet against banks, inside traders, multinational corporations and such. They're always ahead. When you read about stocks, shares, business in the papers you're already late to the party if you consider investing.

 

[gonads20]

I do.

that awesome. LOL I always ask this when someone says they own bitcoin.

 

[Cool Hand Luke]

who here owns a whole bitcoin?

nearly there, just threw another 2600 in - i was saving it for doge but couldn't pass

 

[Strychnine]

Bitcoin is air, house of cards, ponzy.

Currency today is not what it used to be. One thing that is good in the US is cash acceptance. Makes sense because of the federal reserve bank who makes a profit of every dollar printed and spent. International debt, no incentives to pay it, huge transational transactions before markets crash or go up. Currency is not backed up in materials like gold, silver, copper. It's just not there. It's speculations.

In Europe we use digital currency almost exclusively. Hardly any transaction is done with cash. Which makes us vunerable. They can freeze our accounts whenever.

Come at me bro. I'm an economist.

 

[My2Cents]

Yup. They always do.

I sold one of my coin to pay down my home. I really didn't want to but I want to be debt free by 40yrs old. I'm 36 now.

Good for you. Selling some and take profit is always good, especially if you have a good propose for the money like a house.

selling to go back to fiat and keep it in your back account is stupid imo

 

[My2Cents]

Bitcoin is air, house of cards, ponzy.

Currency today is not what it used to be. One thing that is good in the US is cash acceptance. Makes sense because of the federal reserve bank who makes a profit of every dollar printed and spent. International debt, no incentives to pay it, huge transational transactions before markets crash or go up. Currency is not backed up in materials like gold, silver, copper. It's just not there. It's speculations.

In Europe we use digital currency almost exclusively. Hardly any transaction is done with cash. Which makes us vunerable. They can freeze our accounts whenever.

Come at me bro. I'm an economist.

come at you?
No thanks, have fun staying poor

 

[Deleted member 547767]

come at you?
No thanks, have fun staying poor

Hard to be a banker in Norway staying poor. But thanks anyway. I think I can do ok without investing in Internet currency.

 

[rj144]

Sure. Money is a dirty business. I might be in the wrong in the future. But I have no investments. Just savings in an account with decent interests. I don't like to bet against banks, inside traders, multinational corporations and such. They're always ahead. When you read about stocks, shares, business in the papers you're already late to the party if you consider investing.

What account has decent interest?

 

[Deleted member 547767]

What account has decent interest?

It's just a savings account with reasonable interest with savings over 50-60k.