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Bitcoin #7031639
10/29/20 04:05 PM
10/29/20 04:05 PM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
If you bought Bitcoin and lost interest after the last crash you might want to check your account again as it's inching toward 14,000.

Re: Bitcoin [Re: SNIPERBBB] #7031665
10/29/20 05:02 PM
10/29/20 05:02 PM
Joined: Dec 2006
Posts: 8,107
Piney va. soon be 19
cotton Offline
trapper
cotton  Offline
trapper

Joined: Dec 2006
Posts: 8,107
Piney va. soon be 19
School a low tec redneck, just what is bitcoin.


John 3/16

ifin your gonna be dumb ya gotta be tough
VTA life member

Re: Bitcoin [Re: SNIPERBBB] #7031673
10/29/20 05:11 PM
10/29/20 05:11 PM
Joined: Nov 2017
Posts: 11,194
Maine, Aroostook
Posco Offline
trapper
Posco  Offline
trapper

Joined: Nov 2017
Posts: 11,194
Maine, Aroostook
My son-in-laws father is a computer geek and he has four water cooled processors devoted to mining Bitcoin. Quite an elaborate system. The concept of Bitcoin eludes me.

Re: Bitcoin [Re: cotton] #7031716
10/29/20 05:54 PM
10/29/20 05:54 PM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
Originally Posted by cotton
School a low tec redneck, just what is bitcoin.

It's a cryptocurrency based on blockchain technology. Just pretend it's foreign currency.

Re: Bitcoin [Re: SNIPERBBB] #7032037
10/29/20 10:34 PM
10/29/20 10:34 PM
Joined: May 2010
Posts: 10,421
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 10,421
mn north of blakely
It's not a currency.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin [Re: SNIPERBBB] #7032046
10/29/20 10:41 PM
10/29/20 10:41 PM
Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
B
Boco Offline
trapper
Boco  Offline
trapper
B

Joined: Aug 2011
Posts: 45,271
james bay frontierOnt.
its not a coin.


Forget that fear of gravity-get a little savagery in your life.
Re: Bitcoin [Re: SNIPERBBB] #7032047
10/29/20 10:43 PM
10/29/20 10:43 PM
Joined: Dec 2006
Posts: 8,107
Piney va. soon be 19
cotton Offline
trapper
cotton  Offline
trapper

Joined: Dec 2006
Posts: 8,107
Piney va. soon be 19
its not making sense to me.


John 3/16

ifin your gonna be dumb ya gotta be tough
VTA life member

Re: Bitcoin [Re: SNIPERBBB] #7032059
10/29/20 10:53 PM
10/29/20 10:53 PM
Joined: Jul 2016
Posts: 3,141
Michigan
D
Ditchdiver Offline
trapper
Ditchdiver  Offline
trapper
D

Joined: Jul 2016
Posts: 3,141
Michigan
Bitcoin is something that people believe is a type of "electronic currency".
You can invest a lot of money in it, then someone can hack into the system and steal all the actual money that you have invested.
No thanks, not for me. I'll stick with cash.


When life gets me down..... you know hunting/trapping season is closed.
Re: Bitcoin [Re: Ditchdiver] #7032076
10/29/20 11:07 PM
10/29/20 11:07 PM
Joined: Dec 2009
Posts: 20,241
The Hill Country of Texas
Leftlane Offline
"HOSS"
Leftlane  Offline
"HOSS"

Joined: Dec 2009
Posts: 20,241
The Hill Country of Texas
Originally Posted by Ditchdiver
. I'll stick with cash.


Don't forget some precious metals like gold and silver. Also consider adding steel and lead LOL- I have


“What’s good for me may not be good for the weak minded.”
Captain Gus McCrae- Texas Rangers


Re: Bitcoin [Re: Ditchdiver] #7032259
10/30/20 07:10 AM
10/30/20 07:10 AM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
Originally Posted by Ditchdiver
Bitcoin is something that people believe is a type of "electronic currency".
You can invest a lot of money in it, then someone can hack into the system and steal all the actual money that you have invested.
No thanks, not for me. I'll stick with cash.

So you dont have a bank account either?

Re: Bitcoin [Re: SNIPERBBB] #7032289
10/30/20 07:43 AM
10/30/20 07:43 AM
Joined: Dec 2006
Posts: 62,664
Minnesota
330-Trapper Offline

trapper
330-Trapper  Offline

trapper

Joined: Dec 2006
Posts: 62,664
Minnesota
Originally Posted by SNIPERB🦝
Originally Posted by Ditchdiver
Bitcoin is something that people believe is a type of "electronic currency".
You can invest a lot of money in it, then someone can hack into the system and steal all the actual money that you have invested.
No thanks, not for me. I'll stick with cash.

So you dont have a bank account either?

Whole different deal than Monopoly money


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: Bitcoin [Re: SNIPERBBB] #7032298
10/30/20 07:53 AM
10/30/20 07:53 AM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
If the election goes Biden, you'll see what monopoly money is soon.

Re: Bitcoin [Re: SNIPERBBB] #7032319
10/30/20 08:13 AM
10/30/20 08:13 AM
Joined: Dec 2006
Posts: 62,664
Minnesota
330-Trapper Offline

trapper
330-Trapper  Offline

trapper

Joined: Dec 2006
Posts: 62,664
Minnesota
he wont


NRA and NTA Life Member
www.BackroadsRevised@etsy.com




Re: Bitcoin [Re: SNIPERBBB] #7032326
10/30/20 08:29 AM
10/30/20 08:29 AM
Joined: Jan 2007
Posts: 418
Iowa
O
ou812 Offline
trapper
ou812  Offline
trapper
O

Joined: Jan 2007
Posts: 418
Iowa
Originally Posted by 330-Trapper
[quote=SNIPERB🦝][quote=Ditchdiver]Bitcoin is something that people believe is a type of "electronic currency"
Whole different deal than Monopoly money



No, not really different than Monoply money. They're both games.

Re: Bitcoin [Re: SNIPERBBB] #7032399
10/30/20 09:08 AM
10/30/20 09:08 AM
Joined: Dec 2006
Posts: 2,134
So. IL
pintail_drake04 Offline
trapper
pintail_drake04  Offline
trapper

Joined: Dec 2006
Posts: 2,134
So. IL
Co-worker has been big in it for a few years. He made some sales this month and bought a 250K house. He has been helping a lot of folks at my work with getting into crypto. He has several folks in a group text telling when to buy/sell bitcoin and 2-3 other cryptos.

Re: Bitcoin [Re: SNIPERBBB] #7032406
10/30/20 09:17 AM
10/30/20 09:17 AM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
It's kinda hard to make money on Bitcoin now unless you bought it early or during the crashes. I did pretty good with some of the "penny" crypos this spring. As if you're bought em at the low around December you could of 7x your money by summer.

Re: Bitcoin [Re: SNIPERBBB] #7032442
10/30/20 10:03 AM
10/30/20 10:03 AM
Joined: Jul 2016
Posts: 3,141
Michigan
D
Ditchdiver Offline
trapper
Ditchdiver  Offline
trapper
D

Joined: Jul 2016
Posts: 3,141
Michigan
Yes, I do have a bank account. I have five of them actually.
My wife is the manager at our bank and she sees our accounts multiple times a day. If anything "unauthorized" came up or happened, she would see it instantly and we would be fully reimbursed for any funds lost.


When life gets me down..... you know hunting/trapping season is closed.
Re: Bitcoin [Re: SNIPERBBB] #7032447
10/30/20 10:09 AM
10/30/20 10:09 AM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
Might want to check your ToS as there's scenarios that that statement doesn't hold water.

Re: Bitcoin [Re: SNIPERBBB] #7032452
10/30/20 10:18 AM
10/30/20 10:18 AM
Joined: May 2013
Posts: 5,101
Northern Michigan
J
J.Morse Offline
trapper
J.Morse  Offline
trapper
J

Joined: May 2013
Posts: 5,101
Northern Michigan
So would someone school me on this stuff? Is it sorta like a commodity that people pay real U.S. dollars for, then just sit on it waiting for it to grow in value.......but you can sell/swap/trade/shuffle it around between other holders of said commodity, or actually use it as "money" to buy stuff from anyone that considers it "money"? Also, do you get it through a stock broker, or is it strictly it's own deal in it's own little cyber-world????????


Re: Bitcoin [Re: SNIPERBBB] #7032458
10/30/20 10:25 AM
10/30/20 10:25 AM
Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
SNIPERBBB Offline OP
trapper
SNIPERBBB  Offline OP
trapper

Joined: Dec 2006
Posts: 17,550
Rodney,Ohio
You can use it as real currency with some vendors. Paypal is going to start using bitcoin soon. There are some actual commodity based coins out there.

There are a few exchanges out there you can use. Coinbase is what I use and there are many more.

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