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Bitcoin past 19k, creeping to 20 #7056638
11/20/20 12:21 PM
11/20/20 12:21 PM
Joined: Dec 2006
Posts: 11,717
Rodney,Ohio
SNIPERB🦝 Offline OP
trapper
SNIPERB🦝  Offline OP
trapper

Joined: Dec 2006
Posts: 11,717
Rodney,Ohio
Which is nearly 5x the low point this spring. Things not looking good . Have to check gold now.

Last edited by SNIPERB🦝; 11/24/20 12:29 PM.
Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7056875
11/20/20 05:38 PM
11/20/20 05:38 PM
Joined: Mar 2014
Posts: 732
North dakota
N
Nd native Offline
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Nd native  Offline
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Joined: Mar 2014
Posts: 732
North dakota
Going to be more upside to it as well. One report figures 70 percent of buying volume is now going through PayPal. Just wait till the media frenzy once it breaks all time high. Probably be a slight pullback, sideways for a bit and up more once a vaccine is announced and even higher once there is inevitably more stimulus from the government. Pay attention to the paypal effect on BTC, ETH, LTC, BCH. LTC has already shown a lot of upside. Closer they get to confidential transactions the more likely for improvement in price.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7056884
11/20/20 05:44 PM
11/20/20 05:44 PM
Joined: Dec 2006
Posts: 11,717
Rodney,Ohio
SNIPERB🦝 Offline OP
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SNIPERB🦝  Offline OP
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Rodney,Ohio
i need ltc to take off lol. its hasn't piggy backed off BTC like it did in 17 at all. Though it has been climbing lately. It's peak was 420

Last edited by SNIPERB🦝; 11/20/20 06:11 PM.
Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7056892
11/20/20 05:49 PM
11/20/20 05:49 PM
Joined: May 2016
Posts: 1,769
Southern Illinois
F
Foxpaw Offline
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Foxpaw  Offline
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Joined: May 2016
Posts: 1,769
Southern Illinois
When one takes delivery on bitcoin, exactly what does he get?

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7056996
11/20/20 07:26 PM
11/20/20 07:26 PM
Joined: Mar 2010
Posts: 1,784
wyoming southeast
D
danvee Offline
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Joined: Mar 2010
Posts: 1,784
wyoming southeast
Don't understand it and would worry you don't know who is running things if I'm correct. How is it regulated and who is keeping the system honest.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057018
11/20/20 07:41 PM
11/20/20 07:41 PM
Joined: Dec 2006
Posts: 11,717
Rodney,Ohio
SNIPERB🦝 Offline OP
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SNIPERB🦝  Offline OP
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Rodney,Ohio
The market regulates it as there is no centralized authority and nobody really knows who actually started bitcoin. Bitcoins are "mined" and transactions go through multiple verification nodes(blockchain) so security is unbreakable unless your password sucks. Most of the other coins are derivatives of bitcoin. Each crypto has its own framework for mining and trading.

Last edited by SNIPERB🦝; 11/20/20 07:41 PM.
Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057019
11/20/20 07:41 PM
11/20/20 07:41 PM
Joined: Dec 2006
Posts: 34,482
Minnesota
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Biden and Hunter^^^


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Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057039
11/20/20 07:51 PM
11/20/20 07:51 PM
Joined: May 2016
Posts: 1,769
Southern Illinois
F
Foxpaw Offline
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Foxpaw  Offline
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Joined: May 2016
Posts: 1,769
Southern Illinois
I was getting recommendations several months ago to buy gold and silver because of the bitcoin situation. They said to do the mining took so much computer power and electricity that the whole thing would eventually be based in China where electric is cheaper. Can't imagined things going bad if China was watching the chicken house, lol.

Edit--- Also said it would be out of the individuals or even banks reach to get into but would only be for countries and nations. All above my head!

Last edited by Foxpaw; 11/20/20 07:58 PM.
Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057045
11/20/20 07:55 PM
11/20/20 07:55 PM
Joined: May 2010
Posts: 6,879
mn north of blakely
S
Steven 49er Offline
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Steven 49er  Offline
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S

Joined: May 2010
Posts: 6,879
mn north of blakely
Originally Posted by SNIPERB🦝
Which is nearly 5x the low point this spring. Things not looking good . Have to check gold now.


Gold and silver have been flat to trending down.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057071
11/20/20 08:17 PM
11/20/20 08:17 PM
Joined: Aug 2011
Posts: 28,269
james bay frontierOnt.
B
Boco Offline
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james bay frontierOnt.
Bitcoin=pie in the sky for suckers.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057078
11/20/20 08:20 PM
11/20/20 08:20 PM
Joined: Aug 2008
Posts: 10,394
ny
U
upstateNY Offline
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upstateNY  Offline
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Joined: Aug 2008
Posts: 10,394
ny
Beans,Bullets and Bandaids is the direction I went. grin


the wheels of the gods turn very slowly
Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057132
11/20/20 09:03 PM
11/20/20 09:03 PM
Joined: Mar 2014
Posts: 732
North dakota
N
Nd native Offline
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Joined: Mar 2014
Posts: 732
North dakota
Like it or not. Digital currency is the wave of the future. Portable wealth that knows no border is how the super rich are going to be able to travel with hundreds of millions stored on microchips. We're becoming an intertwined global community and people will need to have money that can be sent across borders without government control. No government can control the bitcoin blockchain. They would have already done it if they could, same with hackers. Eventually it will be broken, that history has told us with many forms of encryption. But, when it is, the community will change to new encryption and it will again be secure.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057214
11/20/20 09:53 PM
11/20/20 09:53 PM
Joined: Mar 2010
Posts: 1,784
wyoming southeast
D
danvee Offline
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wyoming southeast
Still don't make sense and scary you don't know who is in control and Just makes me wonder so you buy the bitcoin with what cash right? not gold or silver or a cow or fur. So if a bitcoin is so great why does someone want your American dollar, Mexican peso or Canadian looney for an encrypted number??

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057253
11/20/20 10:13 PM
11/20/20 10:13 PM
Joined: Oct 2011
Posts: 60
Western Shore Delaware
SJA Offline
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Western Shore Delaware
Gold and Silver have always been a valuable commodity since the beginning of time and will remain so. Gold can't be destroyed, even if dissolved. It can be re-solidified. Both these metals are used in so many forms of technology that they're virtually
indispensable. If you take an ounce of gold valued at $1880.60 and match it against U.S. Dollar bills of the same value, and set them both on fire, which one is left of the two? Think about it.


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: Bitcoin nearing 19k [Re: danvee] #7057301
11/20/20 10:47 PM
11/20/20 10:47 PM
Joined: May 2010
Posts: 6,879
mn north of blakely
S
Steven 49er Offline
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mn north of blakely
Originally Posted by danvee
Still don't make sense and scary you don't know who is in control and Just makes me wonder so you buy the bitcoin with what cash right? not gold or silver or a cow or fur. So if a bitcoin is so great why does someone want your American dollar, Mexican peso or Canadian looney for an encrypted number??


You don't necessarily buy bitcoin, you trade something of value for it. If you have a cow you want to sell you could price it in bitcoin.

Why does someone have to "control" money.

Who " controls" the American dollar?

Re: Bitcoin nearing 19k [Re: Steven 49er] #7057345
11/20/20 11:33 PM
11/20/20 11:33 PM
Joined: Oct 2011
Posts: 60
Western Shore Delaware
SJA Offline
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SJA  Offline
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Western Shore Delaware
Originally Posted by Steven 49er
Originally Posted by danvee
Still don't make sense and scary you don't know who is in control and Just makes me wonder so you buy the bitcoin with what cash right? not gold or silver or a cow or fur. So if a bitcoin is so great why does someone want your American dollar, Mexican peso or Canadian looney for an encrypted number??


You don't necessarily buy bitcoin, you trade something of value for it. If you have a cow you want to sell you could price it in bitcoin.

Why does someone have to "control" money.

Who " controls" the American dollar?


Wealth IS POWER

The U.S. Govt prints money according to supply, demand, and necessity . . . The World "evaluates" it's true value.


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: Bitcoin nearing 19k [Re: SJA] #7057379
11/21/20 12:43 AM
11/21/20 12:43 AM
Joined: Mar 2014
Posts: 732
North dakota
N
Nd native Offline
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Nd native  Offline
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Joined: Mar 2014
Posts: 732
North dakota
Originally Posted by SJA
Gold and Silver have always been a valuable commodity since the beginning of time and will remain so. Gold can't be destroyed, even if dissolved. It can be re-solidified. Both these metals are used in so many forms of technology that they're virtually
indispensable. If you take an ounce of gold valued at $1880.60 and match it against U.S. Dollar bills of the same value, and set them both on fire, which one is left of the two? Think about it.


I agree that metals definitely have value, and I dont think anyone is wrong to own them. They're a safe hedge against inflation. They just dont have as much portability as digital currency. But much less volatility though.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057395
11/21/20 01:43 AM
11/21/20 01:43 AM
Joined: Mar 2010
Posts: 1,784
wyoming southeast
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danvee Offline
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So if I sell one of my cows for a bitcoin or part of one how does the buyer get the cow and me the bit coin. Im guessing everyone in the deal has to recognize and except the bitcoin??

Re: Bitcoin nearing 19k [Re: danvee] #7057407
11/21/20 03:16 AM
11/21/20 03:16 AM
Joined: Nov 2015
Posts: 964
Kenai AK
K
KenaiKid Offline
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Posts: 964
Kenai AK
Originally Posted by danvee
So if I sell one of my cows for a bitcoin or part of one how does the buyer get the cow and me the bit coin. Im guessing everyone in the deal has to recognize and except the bitcoin??


Yes, obviously everyone in the deal has to accept it. If you sell a cow for bitcoin, then you can use the bitcoin to buy from someone who accepts bitcoin. Just like if you sold a cow for gold or pesos, you would then have to find someone to accept gold or pesos in order to spend it. It's another form of money.

If you think the government "controls " the dollar, and that's a good thing, you must be unfamiliar with the Federal Reserve.

Re: Bitcoin nearing 19k [Re: SNIPERB🦝] #7057600
11/21/20 09:26 AM
11/21/20 09:26 AM
Joined: Dec 2006
Posts: 34,482
Minnesota
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I trade in beads and Wampum


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