BitCoin
Quote: darkozQuote: billryanI don't need to.
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Remember the story of the bear who caught a salmon?
Then he looked in the water, saw his reflection but thinking it was another salmon he lunged at, losing his first fish in the process?
I've caught my salmon.
The bear was rushing to catch the salmon too fast.
We call that a Salmon Rushdielink to original post
The best was not paying attention to The Ground Beneath Her Feet.
Quote: AxelWolfBecause there is an unlimited Supply of Visa. Not so with BTC. There's a big difference between BTC and VISA, there is no real reason to compare the two.
I disagree. Since BTC can be traded to multiple decimal points, having just ONE Bitcoin is all that is needed. If a BTC is valued at a $trillion, then you just need .0000001 BTC to buy the new Tesla. Explain why more than one BTC is needed if it can be split as small as you want?
It is the same sham when stock companies ‘split’.
Im not an expert, someone will have to explain how it got to over 60k in the first place if not for supply and demand. I assume that's all part of what people are willing to buy and sell it for.Quote: SOOPOOI disagree. Since BTC can be traded to multiple decimal points, having just ONE Bitcoin is all that is needed. If a BTC is valued at a $trillion, then you just need .0000001 BTC to buy the new Tesla. Explain why more than one BTC is needed if it can be split as small as you want?
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It is the same sham when stock companies ‘split’.
You must have mistakenly posted it then. (-:Quote: billryanQuote: AxelWolfI don't know enough about bons and stocks and whatnot, but this sounds like a good thing for the company.link to original postQuote: billryanhttps://www.msn.com/en-us/money/other/coinbase-has-increased-its-debt-offering-to-2-billion-after-getting-flooded-with-bids/ar-AAOtwLY?ocid=msedgdhp&pc=U531
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It is.link to original post
I was thinking about the fishermen # 2 who caught his salmon and properly secured it. Meanwhile, his extra bait was just sitting there, so he took a chance and walked down the river to a few different spots. He ended up catching 5 more and even had time to pick berries along the way.Quote: billryanI don't need to.
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Remember the story of the bear who caught a salmon?
Then he looked in the water, saw his reflection but thinking it was another salmon he lunged at, losing his first fish in the process?
I've caught my salmon.
Fisherman # 1 stayed at his safe spot fishing away. After many hours and lots of lost bait he eventually caught another salmon. As the sun was going fishermen #1 was walking back to his campsite when suddenly confronted by a hungry bear he tossed the bear his only salmon as a distraction so he could escape. It was too dark to fish so he went hungry that night.
A while later, fishermen #2 was walking back to his campsite when he too was suddenly confronted by the same bear. He tossed the bear two distracting fish, just to be safe. He still ate well that night.
Quote: AxelWolfIm not an expert, someone will have to explain how it got to over 60k in the first place if not for supply and demand. I assume that's all part of what people are willing to buy and sell it for.link to original postQuote: SOOPOOI disagree. Since BTC can be traded to multiple decimal points, having just ONE Bitcoin is all that is needed. If a BTC is valued at a $trillion, then you just need .0000001 BTC to buy the new Tesla. Explain why more than one BTC is needed if it can be split as small as you want?
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It is the same sham when stock companies ‘split’.
Interesting way to look at it. Since the whole thing is really an intangible concept, I consider supply essentially infinite. Or essentially zero.
Are you saying because all the new alt coins?Quote: billryanWhat mkes you think demand will keep up? Isn't bitcoins share of the crypto market shrinking on a daily basis?
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I don't know how that will affect things. New ones have been coming out for years, so far so good.
The other day, I took a Lyft, the driver was a 60ish +-year-old grandmother. As we were chatting she asked what I thought of BTC and Crypto. I sad, I have some, but can't say for sure about that, or any investment. She told me she had mostly BTC, some ETH and she was touting some other sht coin. At one point, she cracked out her phone and popped onto Gemini to check out the current prices.
My father who doesn't even own a smartphone, still watches old westerns, and I Love Lucy was asking me how he would go about buying some BTC.
That's when you know BTC/Crypto has arrived.
Quote: AxelWolfAre you saying because all the new alt coins?Quote: billryanWhat mkes you think demand will keep up? Isn't bitcoins share of the crypto market shrinking on a daily basis?
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I don't know how that will affect things. New ones have been coming out for years, so far so good.
The other day, I took a Lyft, the driver was a 60ish +-year-old grandmother. As we were chatting she asked what I thought of BTC and Crypto. I sad, I have some, but can't say for sure about that, or any investment. She told me she had mostly BTC, some ETH and she was touting some other sht coin. At one point, she cracked out her phone and popped onto Gemini to check out the current prices.
My father who doesn't even own a smartphone, still watches old westerns, and I Love Lucy was asking me how he would go about buying some BTC.
That's when you know BTC/Crypto has arrived.link to original post
Or that’s when you know it’s a bubble.
Quote: unJonQuote: AxelWolfAre you saying because all the new alt coins?Quote: billryanWhat mkes you think demand will keep up? Isn't bitcoins share of the crypto market shrinking on a daily basis?
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I don't know how that will affect things. New ones have been coming out for years, so far so good.
The other day, I took a Lyft, the driver was a 60ish +-year-old grandmother. As we were chatting she asked what I thought of BTC and Crypto. I sad, I have some, but can't say for sure about that, or any investment. She told me she had mostly BTC, some ETH and she was touting some other sht coin. At one point, she cracked out her phone and popped onto Gemini to check out the current prices.
My father who doesn't even own a smartphone, still watches old westerns, and I Love Lucy was asking me how he would go about buying some BTC.
That's when you know BTC/Crypto has arrived.link to original post
Or that’s when you know it’s a bubble.link to original post
That was my thought while reading this. It reminds me of 2007 when all my friends were buying second and third houses in Florida because real estate never goes down and a profitable flip was just six months away.
Or taking a car service home from the airport and the driver asking why I wasn't leveraging my home.
My speculating days are in the past. For those who like to speculate, I'd look at the newer cryptos. You might get lucky and make 10X your investment. You almost certainly won't with bitcoin.
And with newer cryptos comes more risk. I bought a fair share of altcoins, some up over 20x my investment. I didn't buy any significant amount of the ones that shot up that much, I am not under the illusion there isn't a bubble. I think we are sitting in one big bubble with the entire economy. For those who like to speculate invest in just about anything.Quote: billryanQuote: unJonQuote: AxelWolfAre you saying because all the new alt coins?Quote: billryanWhat mkes you think demand will keep up? Isn't bitcoins share of the crypto market shrinking on a daily basis?
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I don't know how that will affect things. New ones have been coming out for years, so far so good.
The other day, I took a Lyft, the driver was a 60ish +-year-old grandmother. As we were chatting she asked what I thought of BTC and Crypto. I sad, I have some, but can't say for sure about that, or any investment. She told me she had mostly BTC, some ETH and she was touting some other sht coin. At one point, she cracked out her phone and popped onto Gemini to check out the current prices.
My father who doesn't even own a smartphone, still watches old westerns, and I Love Lucy was asking me how he would go about buying some BTC.
That's when you know BTC/Crypto has arrived.link to original post
Or that’s when you know it’s a bubble.link to original post
That was my thought while reading this. It reminds me of 2007 when all my friends were buying second and third houses in Florida because real estate never goes down and a profitable flip was just six months away.
Or taking a car service home from the airport and the driver asking why I wasn't leveraging my home.
My speculating days are in the past. For those who like to speculate, I'd look at the newer cryptos. You might get lucky and make 10X your investment. You almost certainly won't with bitcoin.link to original post
In the meantime....Quote: unJonQuote: AxelWolfAre you saying because all the new alt coins?Quote: billryanWhat mkes you think demand will keep up? Isn't bitcoins share of the crypto market shrinking on a daily basis?
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I don't know how that will affect things. New ones have been coming out for years, so far so good.
The other day, I took a Lyft, the driver was a 60ish +-year-old grandmother. As we were chatting she asked what I thought of BTC and Crypto. I sad, I have some, but can't say for sure about that, or any investment. She told me she had mostly BTC, some ETH and she was touting some other sht coin. At one point, she cracked out her phone and popped onto Gemini to check out the current prices.
My father who doesn't even own a smartphone, still watches old westerns, and I Love Lucy was asking me how he would go about buying some BTC.
That's when you know BTC/Crypto has arrived.link to original post
Or that’s when you know it’s a bubble.link to original post
They put a lot of effort and marketing into this. I'm surprised they backed off so quickly.
https://www.google.com/amp/s/www.yahoo.com/amphtml/entertainment/covid-truthers-claim-unvaccinated-sperm-073500689.html
Bitcoin mining equipment typically lasts only about 1.3 years and then it's landfilled. The Bitcoin network results in 30.7 metric kilotons of trashed equipment per year. That equates to trashing about two iPhones for every Bitcoin transaction.
https://www.theguardian.com/technology/2021/sep/17/waste-from-one-bitcoin-transaction-like-binning-two-iphones
Quote:A Pennsylvania-based holding company called Stronghold Digital Mining is currently running a Bitcoin mining operation using the Scrubgrass power plant in Venango County, Pennsylvania, which it purchased over the summer, in 2021.
Stronghold raised $105 million to open the power plant for its Bitcoin mining endeavors. The plant currently burns coal waste to produce enough energy to power 1,800 mining computers.
According to Stronghold Digital Mining, the company is now burning 600,000 tons of coal waste at Scrubgrass per year in order to run its Bitcoin mining operation. This information is public due to Stronghold's filings with the SEC, as the company plans to go public.
Stronghold is planning to further its coal-burning power plant operations.
In August, the company acquired a second power plant in Pennsylvania, called the Panther Creek power plant. It's looking to expand to a third as well.
https://www.msn.com/en-us/money/markets/a-bitcoin-miner-is-buying-power-plants-to-mine-crypto-now/ar-AAOQClq?ocid=msedgntp
Quote: FastEddieNew here and not about to read 206 pages but I love Bitcoin. What a great con. Just the name alone. Not BitPaperMoney but bit COIN. Implies a metal currency in the digital age. But better yet calling the geeks who run the computer that are solving complex mathematical stuff, don’t call them geeks, nerds, programmers, managers,etc. but call them MINERS. Like gold miners, silver miners, John Lewis must be spinning in his grave.
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But better yer grow Bitcoin into a cult. With prophets who make asinine predictions like other cukt leaders. Only instead of prediction faithful will ascend into heaven on such and such a date these leaders sat Bitcoin will be $250000 by 2020 or some other nonsense. When that date passes, the cult will have already found a new leader.
Then some 10cent country will use bit coin and Halleluah . Like when religions pointed to Russia as the bear from the north to show the end was comings. And cult leaders will say look at how much I and other cult members are paying for Bitcoin. Have no dog in this fight. But damn I love a great con. Carry on. I won’t post in this thread again.
Awww who knew ?? ?
Quote: MichaelBluejayFinancial Times has an article about how much of the Bitcoin community is a cult. I agree with their assessment, as I was born into a bona-fide mind control cult.
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Have you ever written about your cult experiences? If so, please direct me to it as I think it would be fascinating to hear about it from someone that actually experienced it.
Yeah, I linked to it in the post you just quoted.Quote: DRichHave you ever written about your cult experiences? If so, please direct me to it as I think it would be fascinating to hear about it from someone that actually experienced it.Quote: MichaelBluejayFinancial Times has an article about how much of the Bitcoin community is a cult. I agree with their assessment, as I was born into a bona-fide mind control cult.
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from a Wash Post article behind a paywall:
"Miami is attempting to integrate cryptocurrency into city government. According to Suarez, it is exploring allowing city employees to get paid in bitcoin and allowing residents to pay some fees and taxes in bitcoin. The city held the world's largest bitcoin conference in June for thousands of enthusiasts."
related article:
https://markets.businessinsider.com/news/currencies/miamicoin-could-support-city-without-people-paying-taxes-mayor-2021-10
.
But there's guys who know everything that keep claiming its nothing but a beanie baby.Quote: lilredrooster________
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from a Wash Post article behind a paywall:
"Miami is attempting to integrate cryptocurrency into city government. According to Suarez, it is exploring allowing city employees to get paid in bitcoin and allowing residents to pay some fees and taxes in bitcoin. The city held the world's largest bitcoin conference in June for thousands of enthusiasts."
related article:
https://markets.businessinsider.com/news/currencies/miamicoin-could-support-city-without-people-paying-taxes-mayor-2021-10
.
actually, my "Business Insider" link was not a very good one
this one is much better:
https://www.bloomberg.com/news/articles/2021-02-11/miami-mayor-pushes-crypto-with-offer-to-pay-workers-in-bitcoin
.
update:
I just sold all but $800 worth.
4:01 ET, Oct 6 2021Updated: 4:01 ET, Oct 6 2021
THE US Federal Reserve revealed Monday that all federal banks are going to use the ISO 20022 system for Fedwire Funds Service, and rumors ran rampant the Robinhood may start listing Shiba Inu coin.
"The Fed Board asks the public to comment on its plan to enable the FFS to start running on ISO 20022," U.Today reported.
Meanwhile, Shiba Inu coin saw more gains today after unconfirmed rumors that Robinhood might begin listing it spread, according to Stockhead.
Federal Reserve chair Jerome Powell also announced Thursday that there are no plans to ban cryptocurrency in the US, and prices soared 10 percent.
Meanwhile, in El Salvador, the country has made its first forays into Bitcoin mining using power generated by a volcano, according to a video released by state-owned geothermal electric company, LaGeo SA de CV.
The first Bitcoin mining rigs have been installed in an energy factory there, where weeks ago, President Nayib Bukele made the cryptocurrency legal tender.
Plus, Bitcoin and Ethereum are going to be traded on Wall Street and Coinbase is now allowing deposits in its accounts from users.
Quote: AxelWolfSometimes you just get a little lucky: A few days ago I total of about 3k of AMP, OMG, Tezos and a few other sht coins for SHIBA. it's up like 80% and most all the others went down. The only real reason I did this is that I just noticed that they added it to Coinbase and I was like what the hell, why not, coins seem to get a bump whenever they are added to CB. I know I should just dump it off and buy ETH. Does anyone know anything about SHIBA?
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update:
I just sold all but $800 worth.
I have about 45 million SHIB coins and am putting $40 a month to them for the time being. They want it to replace DOGE. They started with a quadrillion of them which is so high the human mind cannot comprehend. Since then they have burned about half of that. I believe they plan to keep burning some time to time.
SHIB is another meme coin with no real current purpose but that does not mean it cannot run like DOGE. If we are lucky some country might make it their legal tender with that kind of a float it might work as one problem with most coins is the human mind does not think in terms of fractions to pay things beyond our current system down to the penny.
In simple terns, your chances of turning $1000 into a fortune on SHIB are probably better than dropping the same money on lotto tickets. I will let one of the mathheads here calculate EV on such a lotto purchase,
Quote: AZDuffman.
In simple terns, your chances of turning $1000 into a fortune on SHIB are probably better than dropping the same money on lotto tickets.
that's true but the lotteries are overseen by State Governments and are probably to some extent even monitored by the Feds
I truly doubt there is much (there may be a tiny amount) of monkey business with the lotteries
with SHIB I couldn't say - but I wouldn't be trusting that there is no monkey business involved
making a fortune or defining what a fortune is, unlike in the lotteries, going to be determined by your actions - if and when you buy and sell
having said all that, nonetheless, I would agree that you could make quite a bit of money - your timing is critical - and I don't know of any way to time that stuff
the 2 things that drive virtually all markets are Fear and Greed
sometimes it's good to be greedy and sometimes it's good to be fearful
and sometimes it's bad to be greedy and sometimes it's bad to be fearful
.
Jamie Dimon, JPMorgan Chase chairman and CEO says “I personally think that bitcoin is worthless”
I would point out that it went up even after he said that. It's now about 57k(probably going down soon). Also, Jamie Dimon called BTC a fraud back in 2017 when it was about 4k. I wonder how he sleeps at night allowing his customers to buy into a fraud? He probably sleeps well on the big pile of cash his company makes by allowing his customers to participate in what he thinks is a fraud.
Quote: AxelWolfIf Bill Ryan was here he would be posting this....
Jamie Dimon, JPMorgan Chase chairman and CEO says “I personally think that bitcoin is worthless”
I would point out that it went up even after he said that. It's now about 57k(probably going down soon). Also, Jamie Dimon called BTC a fraud back in 2017 when it was about 4k. I wonder how he sleeps at night allowing his customers to buy into a fraud? He probably sleeps well on the big pile of cash his company makes by allowing his customers to participate in what he thinks is a fraud.
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On one hand, Jamie is the banking genius of our day. OTOH, he seems too pigheaded to admit he is wrong about BTC. Or he is just trying to discredit it so he can issue ChaseCion.
Quote: lilredroosterQuote: AZDuffman.
In simple terns, your chances of turning $1000 into a fortune on SHIB are probably better than dropping the same money on lotto tickets.
that's true but the lotteries are overseen by State Governments and are probably to some extent even monitored by the Feds
I truly doubt there is much (there may be a tiny amount) of monkey business with the lotteries
with SHIB I couldn't say - but I wouldn't be trusting that there is no monkey business involved
making a fortune or defining what a fortune is, unlike in the lotteries, going to be determined by your actions - if and when you buy and sell
having said all that, nonetheless, I would agree that you could make quite a bit of money - your timing is critical - and I don't know of any way to time that stuff
the 2 things that drive virtually all markets are Fear and Greed
sometimes it's good to be greedy and sometimes it's good to be fearful
and sometimes it's bad to be greedy and sometimes it's bad to be fearful
.
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SHIB started as a joke. A quadrillion issued. How do you explain a quadrillion? I heard it this way. Picture a beach. Now picture how many grains of sand are on the beach. Now picture each grain of sand as a mini earth with earth's population on it. Now picture every beach on earth like this. The populations approach a quadrillion.
That may be right or wrong, but it is a huge number. Since then, half the SHIB has been burned, leaving 500 or so trillion of them.
I do not think fear is driving crypto. More avarice. Or IOW the same thing that makes people give their money back to the casino, the desire for money with minimal effort.
DOGE is the path for SHIB. SHIB keeps getting the same push so while other coins might break big, SHIB has this attention thing going. DOGE went from fractions of a penny to almost half a dollar. SHIB will be hard to do that, unless it isn't. I own tens of millions of them. Buying a couple million a month. People waste more on cigarettes.
Quote: AZDuffman... How do you explain a quadrillion? I heard it this way. Picture a beach. Now picture how many grains of sand are on the beach. Now picture each grain of sand as a mini earth with earth's population on it. Now picture every beach on earth like this. The populations approach a quadrillion.
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My Quadriilion is bigger than you quadrillion
US : a number equal to 1 followed by 15 zeros
British : a number equal to 1 followed by 24 zeros
We used to have bigger billions too. British billion used to be 1,000,000 x 1,000,000 but we generally fall into line with the US now on your definition
https://en.wikipedia.org/wiki/Billion
I remember a few months ago when it was in the 30 somthing K range some of our fellow members were telling us it was going to crash soon.
Quote: OnceDearQuote: AZDuffman... How do you explain a quadrillion? I heard it this way. Picture a beach. Now picture how many grains of sand are on the beach. Now picture each grain of sand as a mini earth with earth's population on it. Now picture every beach on earth like this. The populations approach a quadrillion.
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My Quadriilion is bigger than you quadrillion
US : a number equal to 1 followed by 15 zeros
British : a number equal to 1 followed by 24 zeros
We used to have bigger billions too. British billion used to be 1,000,000 x 1,000,000 but we generally fall into line with the US now on your definition
https://en.wikipedia.org/wiki/Billion
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Your gallons are screwed up, too. And your pints.
OTOH Andy Capp is among your great citizens so there is that.
Quote: AxelWolfBTC is dancing around 60k.
I remember a few months ago when it was in the 30 somthing K range some of our fellow members were telling us it was going to crash soon.
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It should hit $120-400K this cycle. Then fall back about half. But will this cycle be different what with more and more adoption?
Just get a few of these Third World countries to adopt SHIB so it can get to fifty cents and retire.
I can't really make any predictions if it's going up or down, I have no clue. I'm not buying or selling it, but I do use it.Quote: AZDuffmanQuote: AxelWolfBTC is dancing around 60k.
I remember a few months ago when it was in the 30 somthing K range some of our fellow members were telling us it was going to crash soon.
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It should hit $120-400K this cycle. Then fall back about half. But will this cycle be different what with more and more adoption?
Just get a few of these Third World countries to adopt SHIB so it can get to fifty cents and retire.
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I just know it's certainly not the Beanie Babies some people claim it to be. I dont think it's going anywhere any time soon. I now have about 1k worth of SHIB after selling some off. I have a fair amount invested in other ALt coins that were traded with profits from BTC.
I can't really make any predictions if it's going up or down, I have no clue. I'm not buying or selling it, but I do use it.Quote: AxelWolf
I just know it's certainly not the Beanie Babies some people claim it to be. I dont think it's going anywhere any time soon. I now have about 1k worth of SHIB after selling some off. I have a fair amount invested in other ALt coins that were traded with profits from BTC.
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12 years on so it is no flash in the pan thing. Serious player take BTC serious.
SHIB is just using some casino money to gamble somewhere else. But so was DOGE. I would say that if I make 10 mil on SHIB it would be nice to go to Vegas and not care what the room cost except I would still look for the deal with no resort fee.
"Have you read the news about what the Bitcoin exchange rate will be in 2022? The
forecast of the Bitcoin exchange rate for 2022: the rate at the end of December 2022 is $ 178530. And during the year, the rate will fluctuate in the range of 68486-198959$."
That's true. That's why we don't use them any more.Quote: AZDuffmanYour gallons are screwed up, too. And your pints.
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Litres 'R Us.
And. Yes. That is how we spell Litres.
Don't remind me. I unloaded some at the VERY Trough, at UNDER $30K. Timed it as badly as is possible.Quote: AxelWolfBTC is dancing around 60k.
I remember a few months ago when it was in the 30 somthing K range some of our fellow members were telling us it was going to crash soon.
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Quote: OnceDearThat's true. That's why we don't use them any more.Quote: AZDuffmanYour gallons are screwed up, too. And your pints.
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Litres 'R Us.
And. Yes. That is how we spell Litres.
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There is a reason we said "the hell with all this" in 1776........................................................lol
edit - or maybe I should just say cryptocurrency in general.
Quote: rxwineWhat's the energy consumption for a world wide adoption of bitcoin?
edit - or maybe I should just say cryptocurrency in general.
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I have no idea but I will be buying energy stocks about that time.
Not sure what's up with NuCypher but it shot up 400% in the last 24 hours.
Anyone else rolling the dice?
Quote:The anonymous hucksters behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Remember on Friday morning when Gizmodo told you it was an obvious scam? It was only obvious because investors could purchase the crypto but couldn’t sell it. But plenty of people didn’t get the warning in time.
The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.
https://www.msn.com/en-us/news/technology/squid-game-cryptocurrency-scammers-make-off-with-2-1-million/ar-AAQbob0?ocid=msedgntp
Quote: rxwineQuote:The anonymous hucksters behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Remember on Friday morning when Gizmodo told you it was an obvious scam? It was only obvious because investors could purchase the crypto but couldn’t sell it. But plenty of people didn’t get the warning in time.
The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out their coins for real money, draining the liquidity pool from the exchange.
https://www.msn.com/en-us/news/technology/squid-game-cryptocurrency-scammers-make-off-with-2-1-million/ar-AAQbob0?ocid=msedgntp
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A classmate’s father worked for Enron. He put everything in Enron stocks. And lost it all.
.Quote:Spanish police are investigating an alleged violent robbery in which millions of Euros' worth of Bitcoin were stolen from a tech entrepreneur at his home in Madrid.
The victim is reported to have been Zaryn Dentzel, co-founder of Tuenti, the Spanish social network-turned communications company now owned by Telefónica.
When Dentzel opened the door, a group of four or five hooded people are said to have entered his home, covered his eyes and his home's security cameras, and started to beat him.
Newspaper El Español, which cited "judicial and police sources," reported that the whole ordeal lasted several hours, during which time Dentzel was allegedly sprayed in the eyes and tazed while the assailants stole his belongings and forced him to reveal the password to an online account that contained his Bitcoin fortune, based on what he told investigators afterward.
The paper added that Dentzel apparently had tens of millions of Euros' worth of Bitcoin in the account.
The assailants eventually left the property with the account information and some of Dentzel's belongings. Police turned up when one of Dentzel's neighbors heard calls for help.
