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PokerGrinder
PokerGrinder
Joined: Apr 30, 2015
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January 13th, 2021 at 5:13:11 PM permalink
Quote: AxelWolf

CROSSING MY FINGERS THIS HAPPENS TO MY DEAR FRIEND PokerGrinder.


With friends like you, who needs enemies 😅
You can shear a sheep a hundred times, but you can skin it only once. Amarillo Slim Preston
lilredrooster
lilredrooster
Joined: May 8, 2015
  • Threads: 157
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January 14th, 2021 at 7:16:23 AM permalink
Quote: AxelWolf

CROSSING MY FINGERS THIS HAPPENS TO MY DEAR FRIEND PokerGrinder.





the Germans have a word for that.................................𝘴𝘤𝘩𝘢𝘥𝘦𝘯𝘧𝘳𝘦𝘶𝘥𝘦


it means getting pleasure from someone else's pain


𝘦𝘱𝘪𝘤𝘢𝘳𝘪𝘤𝘢𝘤𝘺 is a rarely used English word that means the same thing





*
𝘱𝘢𝘵𝘳𝘪𝘰𝘵: 𝘵𝘩𝘦 𝘱𝘦𝘳𝘴𝘰𝘯 𝘸𝘩𝘰 𝘤𝘢𝘯 𝘩𝘰𝘭𝘭𝘦𝘳 𝘭𝘰𝘶𝘥𝘦𝘴𝘵 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘬𝘯𝘰𝘸𝘪𝘯𝘨 𝘸𝘩𝘢𝘵 𝘩𝘦 𝘪𝘴 𝘩𝘰𝘭𝘭𝘦𝘳𝘪𝘯𝘨 𝘢𝘣𝘰𝘶𝘵............. ᴍᴀʀᴋ ᴛᴡᴀɪɴ
SOOPOO
SOOPOO
Joined: Aug 8, 2010
  • Threads: 108
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January 14th, 2021 at 8:37:55 AM permalink
$39.7k now.

Some have speculated it will keep going up because there is a finite number of Bitcoin possible. To me this makes absolutely no sense, since they can be traded in fractional amounts quite easily. Makes as little sense as when a stock goes up because it has split. Like the stock is 'cheap' after the split.
terapined
terapined
Joined: Dec 1, 2012
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  • Posts: 5570
January 14th, 2021 at 8:41:51 AM permalink
Quote: SOOPOO

$39.7k now.

Some have speculated it will keep going up because there is a finite number of Bitcoin possible. To me this makes absolutely no sense, since they can be traded in fractional amounts quite easily. Makes as little sense as when a stock goes up because it has split. Like the stock is 'cheap' after the split.


On the flip side
Its estimated that about 20% of bitcoin is locked up and can never be accessed insuring its value
I'm thrilled I listened to my nephew couple days ago
I'm up 179.60 on a 1k dip after only 2 days
"Everybody's bragging and drinking that wine, I can tell the Queen of Diamonds by the way she shines, Come to Daddy on an inside straight, I got no chance of losing this time" -Grateful Dead- "Loser"
OnceDear
Administrator
OnceDear
Joined: Jun 1, 2014
  • Threads: 45
  • Posts: 4616
January 14th, 2021 at 8:44:40 AM permalink
Quote: SOOPOO

$39.7k now.

Some have speculated it will keep going up because there is a finite number of Bitcoin possible. To me this makes absolutely no sense, since they can be traded in fractional amounts quite easily. Makes as little sense as when a stock goes up because it has split. Like the stock is 'cheap' after the split.

I'm curious about whether exchanges can sell or loan out bitcoin that they don't have in the same way that banks can loan fiat money that doesn't exist. Obviously they can't do that where coins are taken from the exchange's account, but with the likes of coinbase, they just keep giving you an account balance. They don't provide you any private keys or endpoint addresses for what are nominally your own coins.
Remember, if you don't have exclusive access to the private keys, you don't have the BTC!
Take care out there. Spare a thought for the newly poor who were happy in their world just a few days ago, but whose whole way of life just collapsed..
AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 221
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January 14th, 2021 at 11:01:46 AM permalink
Quote: SOOPOO

$39.7k now.

Some have speculated it will keep going up because there is a finite number of Bitcoin possible. To me this makes absolutely no sense, since they can be traded in fractional amounts quite easily. Makes as little sense as when a stock goes up because it has split. Like the stock is 'cheap' after the split.



You are missing the second half of it.

The whole idea is to split it instead of inflating it. Imagine we are in an imaginary city, lets call it Williamsville. No trade in anything besides our currency, we will call it the flutie. And no trade in or out. Now, if there is a central bank they can print more fluties at will. Say there are 5,000 fluties chasing 5,000 orders of wings for dinner tonight, Each order will cost 1 flutie. But if the central bank prints an additional 500 fluties now the wings will cost F1.10.

With bitcoin there never will be any more and no matter how you split it does not matter. So say an order of wings cost 10 BTC. The price of wings will not have any effect on the price of wings, it should stay stable assuming steady supply and demand. So while the price is now F1.10 it is still 10 BTC. But the price in BTC will vary as the flutie gains or falls on the open market.

If it helps, think in therms of gold. The classic thing with gold is a men's suit cost the same in gold 100 years ago as it does today, say 1 ounce. Just that the dollar price of gold has changed. Gold can be subdivided to grams, but theoretically you could get it down to atoms.
All animals are equal, but some are more equal than others
IndyJeffrey
IndyJeffrey
Joined: Feb 10, 2013
  • Threads: 11
  • Posts: 276
January 16th, 2021 at 5:45:56 AM permalink
Yes, I am being lazy and not conducting a quick search of this (and other posts)...

Looking for a recommendation for apps/technology to dip my toe in the cryptocurrency market. More to learn about it from a "hands on" approach, than to invest and make billions.

I have an unfunded Bitstamp account. What other apps do I need? Would you recommend?

Or, is there a post that outlines how to get started you could link?

Thanks folks!
Ahigh
Ahigh
Joined: May 19, 2010
  • Threads: 86
  • Posts: 5123
January 16th, 2021 at 6:10:50 AM permalink
Quote: SOOPOO

$39.7k now.

Some have speculated it will keep going up because there is a finite number of Bitcoin possible. To me this makes absolutely no sense, since they can be traded in fractional amounts quite easily. Makes as little sense as when a stock goes up because it has split. Like the stock is 'cheap' after the split.



Most speculation that BitCoin will, generally, hold its value is based on scarcity. Not a limitation for how many individuals are allowed to possess these coins.

With finite numbers of BTC units by means of the design of intrinsic scarcity necessary for anything considered to be "money" as opposed to a fiat currency, there is still nothing prohibiting all 7 billion people on the planet from holding a fractional bitcoin unit.
AZDuffman
AZDuffman
Joined: Nov 2, 2009
  • Threads: 221
  • Posts: 12158
January 16th, 2021 at 7:45:06 AM permalink
Quote: IndyJeffrey

Yes, I am being lazy and not conducting a quick search of this (and other posts)...

Looking for a recommendation for apps/technology to dip my toe in the cryptocurrency market. More to learn about it from a "hands on" approach, than to invest and make billions.

I have an unfunded Bitstamp account. What other apps do I need? Would you recommend?

Or, is there a post that outlines how to get started you could link?

Thanks folks!



Coinbase is nice and easy. PM me for a link for a $10 bonus if you like.
All animals are equal, but some are more equal than others
AxelWolf
AxelWolf
Joined: Oct 10, 2012
  • Threads: 148
  • Posts: 18638
January 16th, 2021 at 7:47:03 AM permalink
Quote: Ahigh

Most speculation that BitCoin will, generally, hold its value is based on scarcity. Not a limitation for how many individuals are allowed to possess these coins.

With finite numbers of BTC units by means of the design of intrinsic scarcity necessary for anything considered to be "money" as opposed to a fiat currency, there is still nothing prohibiting all 7 billion people on the planet from holding a fractional bitcoin unit.

On the other hand, there is nothing preventing all 7 billion people from owning an AxelCoin.
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪

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