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Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7125540
01/07/21 04:31 PM
01/07/21 04:31 PM
Joined: Oct 2018
Posts: 5,477
Dunbar, Wisconsin
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Pike River Offline
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Dunbar, Wisconsin
My wife was going to throw money at it 3 weeks ago. I told her she better not, its a fools game. I saw the price today.....She should've bought and sold as soon as it went up 20%.

Re: Bitcoin clears 20k [Re: Pike River] #7125561
01/07/21 04:40 PM
01/07/21 04:40 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
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Steven 49er Offline
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Steven 49er  Offline
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Joined: May 2010
Posts: 9,046
mn north of blakely
Originally Posted by Pike River
My wife was going to throw money at it 3 weeks ago. I told her she better not, its a fools game. I saw the price today.....She should've bought and sold as soon as it went up 20%.


20 percent? That can be a day or two's trading range. Bitcoin is volatile to say the least.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7125573
01/07/21 04:46 PM
01/07/21 04:46 PM
Joined: Jul 2016
Posts: 296
NE Wisconsin
DecoyMacoy Offline
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DecoyMacoy  Offline
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NE Wisconsin
People who live under oppressive regimes with tight monetary control (many times accompanied by high inflation) will usually quickly grasp Bitcoins value proposition. Compared to the rest of the world we've been pretty lucky in these regards, but you may want to ask yourself which way this is trending.

Last edited by DecoyMacoy; 01/07/21 05:08 PM.
Re: Bitcoin clears 20k [Re: DecoyMacoy] #7125576
01/07/21 04:46 PM
01/07/21 04:46 PM
Joined: Oct 2011
Posts: 1,904
Western Shore Delaware
SJA Offline
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SJA  Offline
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Western Shore Delaware
Originally Posted by DecoyMacoy
Originally Posted by Posco
I don't understand the concept of Bitcoin at all. I know a guy who has four water cooled processors at work trying to mine it. How do you exchange it for something tangible you can hold in your hands?



Things you can hold in your hands can easily be confiscated. Especially if you have the power of the State.
Part of Bitcoins value prop comes from how hard it would be to confiscate from someone. Reason #127 it is the ultimate savings technology.

Executive order 6102 https://en.m.wikipedia.org/wiki/Executive_Order_6102


Anyone, eg. State, Gov., etc. who controls the www. or internet can control your "digital monies" . . . They could control your access to anything that is on the web. PS . . . they can only confiscate what is found.

Last edited by SJA; 01/07/21 04:48 PM.

"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: Bitcoin clears 20k [Re: Steven 49er] #7125583
01/07/21 04:48 PM
01/07/21 04:48 PM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
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Rodney,Ohio
Originally Posted by Steven 49er
Originally Posted by Pike River
My wife was going to throw money at it 3 weeks ago. I told her she better not, its a fools game. I saw the price today.....She should've bought and sold as soon as it went up 20%.


20 percent? That can be a day or two's trading range. Bitcoin is volatile to say the least.

Bitcoin is up just 35% this week...up 9% today. It's been bouncing around 10% one way or another since Christmas

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7125588
01/07/21 04:49 PM
01/07/21 04:49 PM
Joined: Oct 2011
Posts: 1,904
Western Shore Delaware
SJA Offline
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SJA  Offline
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Western Shore Delaware
If it sounds to good to be true . . .


"Humans are the hardest people to get along with."
Dr. Phillip Snow
Re: Bitcoin clears 20k [Re: Pike River] #7125589
01/07/21 04:49 PM
01/07/21 04:49 PM
Joined: Jul 2016
Posts: 296
NE Wisconsin
DecoyMacoy Offline
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Posts: 296
NE Wisconsin
Originally Posted by Pike River
My wife was going to throw money at it 3 weeks ago. I told her she better not, its a fools game. I saw the price today.....She should've bought and sold as soon as it went up 20%.


Thinking you can trade BTC or "time the market" is a sure fire way to get rekt. Bitcoin is a game of accumulation.

Re: Bitcoin clears 20k [Re: SJA] #7125928
01/07/21 08:36 PM
01/07/21 08:36 PM
Joined: May 2010
Posts: 9,046
mn north of blakely
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Steven 49er Offline
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Steven 49er  Offline
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Joined: May 2010
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mn north of blakely
Originally Posted by SJA
If it sounds to good to be true . . .


Bitcoin has it's problems is for sure. Biggest thing that concerns me right now is that it's estimated that only about 20 percent of bitcoin is actively traded, the rest is in strong hands or is lost. It wouldn't take much to kill the market.


"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131453
01/11/21 10:17 AM
01/11/21 10:17 AM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 33,527
McGrath, AK
UH_OH.................down 20% this morning


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131472
01/11/21 10:31 AM
01/11/21 10:31 AM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
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SNIPERB🦝  Offline OP
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Posts: 15,139
Rodney,Ohio
Yeah just about everything this down hard . Cashed out of most of em. Going to be interesting to see where the new bottom is. Have a feeling things might pick up in February.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131495
01/11/21 10:41 AM
01/11/21 10:41 AM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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Posts: 33,527
McGrath, AK
Read an article on thursday that actually predicted this drop ....but in a few more days. Same guy is "very bullish in the VERY long term."


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131543
01/11/21 11:38 AM
01/11/21 11:38 AM
Joined: Nov 2011
Posts: 947
Pennsylvania, 1B
PaRay Offline
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Pennsylvania, 1B
This dip was good for the market. It's going to clear out all of the "dumb money." Probably going to hit 50-100k in the coming months. Ethereum is also going to jump up.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131848
01/11/21 02:52 PM
01/11/21 02:52 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
white17  Offline

"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 33,527
McGrath, AK
I am wondering how many of you bitcoin fans also took part in multiplayer video games in the past ??


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131877
01/11/21 03:07 PM
01/11/21 03:07 PM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
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Rodney,Ohio
What kind of silly question is that? Lol. Used to run one if the largest clans on one of the top,at the time, MMOs .That's how I got into doing tech support helping guys identify spyware on their PCs as account hacking was a huge thing back then as there was a big black market economy for trading in-game cash for real life cash. The game itself wasn't good at stopping that kind of thing back then.

Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131884
01/11/21 03:10 PM
01/11/21 03:10 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
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white17 Offline

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 33,527
McGrath, AK
Originally Posted by SNIPERB🦝
What kind of silly question is that? Lol. Used to run one if the largest clans on one of the top,at the time, MMOs .That's how I got into doing tech support helping guys identify spyware on their PCs as account hacking was a huge thing back then as there was a big black market economy for trading in-game cash for real life cash. The game itself wasn't good at stopping that kind of thing back then.



I figured you would be guilty laugh


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131918
01/11/21 03:29 PM
01/11/21 03:29 PM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
SNIPERB🦝 Offline OP
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Posts: 15,139
Rodney,Ohio
Merching(buy low sell high)was, still Is, a big part of that game too. Really helped my quick math skillz as at that time there was no stores to sell goods so it was like the pits at the stock markets. If you took to long to figure out how much something was to buy, you lost the trades.

Last edited by SNIPERB🦝; 01/11/21 03:30 PM.
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131975
01/11/21 03:57 PM
01/11/21 03:57 PM
Joined: Mar 2007
Posts: 33,527
McGrath, AK
W
white17 Offline

"General (Mr.Sunshine) Washington"
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"General (Mr.Sunshine) Washington"
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Joined: Mar 2007
Posts: 33,527
McGrath, AK
He who hesitates.............


Mean As Nails
Re: Bitcoin clears 20k [Re: SNIPERB🦝] #7131983
01/11/21 04:07 PM
01/11/21 04:07 PM
Joined: Nov 2008
Posts: 1,633
Michigan
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Michigander Offline
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Michigander  Offline
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Joined: Nov 2008
Posts: 1,633
Michigan
I figured you played Runescape at one time just from your signature sniper. I still dabble in it myself although on the Oldschool Runescape side.

Side note on virtual currency. Oldschool Runescape is currently being played very heavily by Venezuelans and Egyptians because the in game currencies value is worth more than their countries. They can sell it for a very good wage compared to normal jobs. A new player can make 80 cents an hour while the more advanced can make 2-3 usd per hour which is considered very high.

Last edited by Michigander; 01/11/21 04:14 PM.

Re: Bitcoin clears 20k [Re: Michigander] #7132000
01/11/21 04:15 PM
01/11/21 04:15 PM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
SNIPERB🦝 Offline OP
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Rodney,Ohio
Originally Posted by Michigander
I figured you played Runescape at one time just from your signature sniper. I still dabble in it myself although on the Oldschool Runescape side.

Side note on virtual currency. Oldschool Runescape is currently being played very heavily by Venezuelans and Egyptians because the in game currency is much more stable and they can sell it for a very good wage. A new player can make 80 cents an hour while the more advanced can make 2-3 usd per hour which is very good in their countries.

Made signatures for other players too. Never could get back into OSRS so I just slum around in RS3 when I'm bored

Re: Bitcoin clears 20k [Re: Michigander] #7132011
01/11/21 04:22 PM
01/11/21 04:22 PM
Joined: Dec 2006
Posts: 15,139
Rodney,Ohio
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Rodney,Ohio
Originally Posted by Michigander
I figured you played Runescape at one time just from your signature sniper. I still dabble in it myself although on the Oldschool Runescape side.

Side note on virtual currency. Oldschool Runescape is currently being played very heavily by Venezuelans and Egyptians because the in game currencies value is worth more than their countries. They can sell it for a very good wage compared to normal jobs. A new player can make 80 cents an hour while the more advanced can make 2-3 usd per hour which is considered very high.


I served as a mod for another MMO based out of peru or chile,can't remember, with the job of tracking down bots/cheaters. It was a short-lived job as most of the violators were from venezuela and they decided to just ban the entire country.

Gold farming has been a problem with these games forever.

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