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Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7093529
12/17/20 08:55 AM
12/17/20 08:55 AM
Joined: Mar 2010
Posts: 2,013
Oklahoma
Blaine County Offline
trapper
Blaine County  Offline
trapper

Joined: Mar 2010
Posts: 2,013
Oklahoma
I remember when it was less than a penny a coin. The greedy part of me wishes I would have risked a $1000 on it back then, but I didn't. Oh well.


MOLON LABE
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7093542
12/17/20 09:05 AM
12/17/20 09:05 AM
Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
SNIPERB🦝 Offline OP
trapper
SNIPERB🦝  Offline OP
trapper

Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
Yeah . There's a lot of things I've wishes I put money into early or found out about too late to make real money in.ive paid for a gun or two with my crypto bets. Just wish I could afford to of betted more lol.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7093620
12/17/20 10:03 AM
12/17/20 10:03 AM
Joined: Mar 2014
Posts: 828
North dakota
N
Nd native Offline
trapper
Nd native  Offline
trapper
N

Joined: Mar 2014
Posts: 828
North dakota
For those that don't know. This is what bitcoin looks like.

The public address, which is what you can share with someone else to show your balance
1H2U6Zz23kxV3W5n8bmsVNhfZ2zFNdJa8t

The private address, which proves you own the funds at the above address
5JbftJeSME1CXaGyLxKpVggzaeFwVqebopB3Sn8bzKMogaD5bTW

So your public key is what you check to see how much bitcoin you have, and is what you use to send/receive bitcoin. The private key proves ownership and is needed to transfer bitcoin.

There is a zero balance at the above address. Sorry, no free bitcoin. In order to steal someone's bitcoin, you would have to guess a private address. So lets say you want to just start guessing private addresses to see if one contains any bitcoin to steal. You can surely try, however there are

115,792,089,237,316,195,423,570,985,008,687,907,852,837,564,279,074,904,382,605,163,141,518,161,494,336

possible private key combinations. If there are currently approximately 29 million bitcoin addresses that have any balance, your odds of guessing a private key are

.00000000000000000000000000000000000000000000000000000000000000000000025 % chance of guessing the correct key per guess.

Your chances of winning the lottery are significantly higher then your odds at finding someone's bitcoin address.

By the way, a university study estimated that there are 9,223,372,036,854,775,808 grains of sand on all of earth's beaches combined. So now imagine billions of earths full of sand and imagine picking one of those earths and picking out a grain of sand and having that grain of sand hold any value.

Stealing bitcoin doesn't happen. It is only stolen when someone else holds your private key for you and they disappear. Or they hack your computer, open your digital wallet using a weak password and steal the private key. The creator of bitcoin advised no one store their private key on an exchange, because if you don't own your private key, it's not your bitcoin.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7093646
12/17/20 10:34 AM
12/17/20 10:34 AM
Joined: Jul 2016
Posts: 170
NE Wisconsin
DecoyMacoy Offline
trapper
DecoyMacoy  Offline
trapper

Joined: Jul 2016
Posts: 170
NE Wisconsin
Nicely surmised Nd native. Fyi I did check that private key to sweep funds if any were there. Haha

Re: Bitcoin clears 20k [Re: Nd native] #7094771
12/17/20 11:25 PM
12/17/20 11:25 PM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
Originally Posted by Nd native
For those that don't know. This is what bitcoin looks like.

The public address, which is what you can share with someone else to show your balance
1H2U6Zz23kxV3W5n8bmsVNhfZ2zFNdJa8t

The private address, which proves you own the funds at the above address
5JbftJeSME1CXaGyLxKpVggzaeFwVqebopB3Sn8bzKMogaD5bTW

So your public key is what you check to see how much bitcoin you have, and is what you use to send/receive bitcoin. The private key proves ownership and is needed to transfer bitcoin.

There is a zero balance at the above address. Sorry, no free bitcoin. In order to steal someone's bitcoin, you would have to guess a private address. So lets say you want to just start guessing private addresses to see if one contains any bitcoin to steal. You can surely try, however there are

115,792,089,237,316,195,423,570,985,008,687,907,852,837,564,279,074,904,382,605,163,141,518,161,494,336

possible private key combinations. If there are currently approximately 29 million bitcoin addresses that have any balance, your odds of guessing a private key are

.00000000000000000000000000000000000000000000000000000000000000000000025 % chance of guessing the correct key per guess.

Your chances of winning the lottery are significantly higher then your odds at finding someone's bitcoin address.

By the way, a university study estimated that there are 9,223,372,036,854,775,808 grains of sand on all of earth's beaches combined. So now imagine billions of earths full of sand and imagine picking one of those earths and picking out a grain of sand and having that grain of sand hold any value.

Stealing bitcoin doesn't happen. It is only stolen when someone else holds your private key for you and they disappear. Or they hack your computer, open your digital wallet using a weak password and steal the private key. The creator of bitcoin advised no one store their private key onM an exchange, because if you don't own your private key, it's not your bitcoin.


My guess is that most stolen bitcoin was being "stored" on an exchange like Coinbase. My second guess is that most people who store their coins on exchanges actually think they own bitcoin. They don't.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7106458
12/26/20 11:30 AM
12/26/20 11:30 AM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
$30,000 by new years?

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7106486
12/26/20 12:00 PM
12/26/20 12:00 PM
Joined: May 2010
Posts: 1,686
Alaska
D
drasselt Offline
trapper
drasselt  Offline
trapper
D

Joined: May 2010
Posts: 1,686
Alaska
....or will it drop like a rock like it did a few years ago after a Christmas run up? Time will tell!


you can vote your way into socialism, but you will have to shoot your way out.
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7106501
12/26/20 12:15 PM
12/26/20 12:15 PM
Joined: Dec 2015
Posts: 3,820
se South Dakota
NonPCfed Offline
trapper
NonPCfed  Offline
trapper

Joined: Dec 2015
Posts: 3,820
se South Dakota
I'll stick to some silver. Way easier to understand and its physical in my hand. Sorry.


"And God said, Let us make man in our image …and let them have dominion …and all the creatures that move along the ground".
Genesis 1:26
Re: Bitcoin clears 20k [Re: drasselt] #7106812
12/26/20 06:21 PM
12/26/20 06:21 PM
Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
SNIPERB🦝 Offline OP
trapper
SNIPERB🦝  Offline OP
trapper

Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
Originally Posted by drasselt
....or will it drop like a rock like it did a few years ago after a Christmas run up? Time will tell!



It might. Darn need hit 27k today.

Re: Bitcoin clears 20k [Re: NonPCfed] #7106935
12/26/20 08:01 PM
12/26/20 08:01 PM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
Originally Posted by NonPCfed
I'll stick to some silver. Way easier to understand and its physical in my hand. Sorry.


Nobody is trying to encourage anyone to buy some.

It's mostly an interesting conversation.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7106939
12/26/20 08:05 PM
12/26/20 08:05 PM
Joined: Feb 2012
Posts: 1,598
Northeast Wisconsin
N
NE Wildlife Offline
trapper
NE Wildlife  Offline
trapper
N

Joined: Feb 2012
Posts: 1,598
Northeast Wisconsin
There are plenty of companies that have A LOT of there money
Tied up in bitcoin and when bitcoin goes up so does the value of that company.
So you may indirectly own some bitcoin and not even know it.



Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7116596
01/02/21 09:01 AM
01/02/21 09:01 AM
Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
SNIPERB🦝 Offline OP
trapper
SNIPERB🦝  Offline OP
trapper

Joined: Dec 2006
Posts: 12,474
Rodney,Ohio
Stands at 31,599

Might be getting a canoe soon

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7116940
01/02/21 12:22 PM
01/02/21 12:22 PM
Joined: Jul 2016
Posts: 170
NE Wisconsin
DecoyMacoy Offline
trapper
DecoyMacoy  Offline
trapper

Joined: Jul 2016
Posts: 170
NE Wisconsin
Originally Posted by SNIPERB🦝
Stands at 31,599

Might be getting a canoe soon



If you decide you need USD more that the BTC hit me up. Anytime I can aquire without using a traditional exchange is a good day.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117380
01/02/21 06:06 PM
01/02/21 06:06 PM
Joined: Mar 2014
Posts: 828
North dakota
N
Nd native Offline
trapper
Nd native  Offline
trapper
N

Joined: Mar 2014
Posts: 828
North dakota
Sold my BTC today. Surpassed what I figured was a lofty goal. Bought @3850 in spring of 2019. Had a goal of 30,000. With today's price action and pending treasury rules that could put the brakes on the market, I decided to quit being greedy and be satisfied that I made my target. As fast as it climbs it can go down 10X faster. Still HODLing the LTC that I mine though. Dont have much of it, but at least it will satisfy the itch when I want to check in on the crypto markets. For those just diving in, be cautious and be prepared for wild swings in the price.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117601
01/02/21 08:35 PM
01/02/21 08:35 PM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
I should sell my but I won't. I'm a zealot and gonna ride the wave. Hopefully it still has value when I kick the bucket, kids can have it.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117644
01/02/21 09:05 PM
01/02/21 09:05 PM
Joined: Feb 2020
Posts: 177
Sandpoint Idaho
C
cbat Offline
trapper
cbat  Offline
trapper
C

Joined: Feb 2020
Posts: 177
Sandpoint Idaho
I invested $2000.00 a few years ago just to see where this thing might go. It dropped shortly after and got down around $400.00 value. As of right now it is over $2900.00 Guess we will see where it goes.


The real Wally
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117646
01/02/21 09:06 PM
01/02/21 09:06 PM
Joined: Mar 2007
Posts: 31,334
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 31,334
McGrath, AK
Might be like an AR15 then. Illegal to possess smile


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117657
01/02/21 09:10 PM
01/02/21 09:10 PM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
I lost both items in a boating accident.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117661
01/02/21 09:14 PM
01/02/21 09:14 PM
Joined: Mar 2007
Posts: 31,334
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
W

Joined: Mar 2007
Posts: 31,334
McGrath, AK
grin


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7117666
01/02/21 09:19 PM
01/02/21 09:19 PM
Joined: May 2010
Posts: 7,252
mn north of blakely
S
Steven 49er Offline
trapper
Steven 49er  Offline
trapper
S

Joined: May 2010
Posts: 7,252
mn north of blakely
Ken, it sunk faster than the Titanic.

What with all the ammo and precious metals that were also on that boat.

I'm doing my best to resupply.

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