Bitcoin past 19k, creeping to 20
#7056638
11/20/20 01:21 PM
11/20/20 01:21 PM
|
Joined: Dec 2006
Posts: 17,656 Rodney,Ohio
SNIPERBBB
OP
trapper
|
OP
trapper
Joined: Dec 2006
Posts: 17,656
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 01:29 PM.
|
|
|
Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7056884
11/20/20 06:44 PM
11/20/20 06:44 PM
|
Joined: Dec 2006
Posts: 17,656 Rodney,Ohio
SNIPERBBB
OP
trapper
|
OP
trapper
Joined: Dec 2006
Posts: 17,656
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 07:11 PM.
|
|
|
Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7057018
11/20/20 08:41 PM
11/20/20 08:41 PM
|
Joined: Dec 2006
Posts: 17,656 Rodney,Ohio
SNIPERBBB
OP
trapper
|
OP
trapper
Joined: Dec 2006
Posts: 17,656
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 08:41 PM.
|
|
|
Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7057039
11/20/20 08:51 PM
11/20/20 08:51 PM
|
Joined: May 2016
Posts: 3,530 Southern Illinois
Foxpaw
trapper
|
trapper
Joined: May 2016
Posts: 3,530
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 08:58 PM.
|
|
|
Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7057045
11/20/20 08:55 PM
11/20/20 08:55 PM
|
Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,485
MN
|
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.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Bitcoin nearing 19k
[Re: SNIPERBBB]
#7057253
11/20/20 11:13 PM
11/20/20 11:13 PM
|
Joined: Oct 2011
Posts: 2,792 Western Shore Delaware
SJA
trapper
|
trapper
Joined: Oct 2011
Posts: 2,792
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 11:47 PM
11/20/20 11:47 PM
|
Joined: May 2010
Posts: 10,485 MN
Steven 49er
trapper
|
trapper
Joined: May 2010
Posts: 10,485
MN
|
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?
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
|
|
|
Re: Bitcoin nearing 19k
[Re: Steven 49er]
#7057345
11/21/20 12:33 AM
11/21/20 12:33 AM
|
Joined: Oct 2011
Posts: 2,792 Western Shore Delaware
SJA
trapper
|
trapper
Joined: Oct 2011
Posts: 2,792
Western Shore Delaware
|
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 01:43 AM
11/21/20 01:43 AM
|
Joined: Mar 2014
Posts: 838 North dakota
Nd native
trapper
|
trapper
Joined: Mar 2014
Posts: 838
North dakota
|
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: danvee]
#7057407
11/21/20 04:16 AM
11/21/20 04:16 AM
|
Joined: Nov 2015
Posts: 1,500 Kenai AK
KenaiKid
trapper
|
trapper
Joined: Nov 2015
Posts: 1,500
Kenai AK
|
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.
Boco couldn't catch a cold. But if he did, it would be Top Lot.
|
|
|
|
|