BitCoin
June 15th, 2024 at 6:21:36 PM
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The two things essential in a pyramid scheme, is to get people to believe they can make money by joining later than you, and that they will make money by an ever-widening pyramid of endless folks.
I don't plan on ever buying any personally. Most proponents seem more interested in its increasing value than the other purported reasons, AFAICT.
I don't plan on ever buying any personally. Most proponents seem more interested in its increasing value than the other purported reasons, AFAICT.
Sanitized for Your Protection
June 15th, 2024 at 8:15:07 PM
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Quote: rxwineThe two things essential in a pyramid scheme, is to get people to believe they can make money by joining later than you, and that they will make money by an ever-widening pyramid of endless folks.
I don't plan on ever buying any personally. Most proponents seem more interested in its increasing value than the other purported reasons, AFAICT.
link to original post
Most? It's more like all of them are. That's all they talk about or care about, how much they paid for it and how much it's now worth. Just like any other investment.
"It's not called gambling if the math is on your side."
June 15th, 2024 at 8:43:03 PM
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It seems there are two types of Bitcoin analysts.
Those who invested, made a profit and love it.
Those who proclaimed it's a scam, watched others make lots of money and now, having made not one penny, still proclaim it must be a scam.
Those who invested, made a profit and love it.
Those who proclaimed it's a scam, watched others make lots of money and now, having made not one penny, still proclaim it must be a scam.
For Whom the bus tolls; The bus tolls for thee
June 16th, 2024 at 4:25:39 AM
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.
I admit I was unsure of it when I invested
so I invested a smallish amount
I figured 2 things could happen which in my estimation were about equally likely to happen - I could lose all or most of the smallish amount - or it could boom and I would make decent money
so it was a no brainer
of course, everybody knows what has happened
even, if it crashes and burns - which I think is very unlikely - losing my smallish investment will be no tragedy
millions and millions of people own some amount of crypt
if it is a scam - which of course it isn't - it would easily be the greatest scam in the history of the world
.
I admit I was unsure of it when I invested
so I invested a smallish amount
I figured 2 things could happen which in my estimation were about equally likely to happen - I could lose all or most of the smallish amount - or it could boom and I would make decent money
so it was a no brainer
of course, everybody knows what has happened
even, if it crashes and burns - which I think is very unlikely - losing my smallish investment will be no tragedy
millions and millions of people own some amount of crypt
if it is a scam - which of course it isn't - it would easily be the greatest scam in the history of the world
.
Last edited by: lilredrooster on Jun 16, 2024
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 16th, 2024 at 7:48:07 AM
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Quote: darkozIt seems there are two types of Bitcoin analysts.
Those who invested, made a profit and love it.
Those who proclaimed it's a scam, watched others make lots of money and now, having made not one penny, still proclaim it must be a scam.
link to original post
I think there's only one person on here who made a lot of money comparitively. Based on what they started, and when they started.
If it was such a great low risk investment how much of your overall wealth have you invested in it? A question for anyone actually.
Sanitized for Your Protection
June 16th, 2024 at 9:43:49 AM
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Quote: tuttigymThank you all for the explanations and definitions. I greatly appreciate all of your efforts.
For me, it is so abstract, and I am so old school that I am still not able to embrace those concepts.
I can physically hold $$, gold, "tickets," and most other forms "currencies," but I don't think I can carry the crypto in my pocket like small change.
link to original post
Actually, you sort of can.
Imagine you wealth of bitcoin is stored in a numbered swiss bank account. They don't know you, but with the account secrets, they will deal with you happily. The money never comes into you hands, but you hold the secret account details written on a bit of paper that only you can read. Now, replace piece of paper with a hardware device called a Trezor wallet, which is like a PIN protected USB memory stick. At your leisure, you can plug that Trezor into a laptop and transfer funds to me or to a shop.
Some folks refer to storing Bitcoin on their Trezor Wallet, but you are only storing away the account secret there.
Psalm 25:16
Turn to me and be gracious to me, for I am lonely and afflicted.
Proverbs 18:2
A fool finds no satisfaction in trying to understand, for he would rather express his own opinion.
June 16th, 2024 at 10:57:12 AM
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Quote: OnceDear
Some folks refer to storing Bitcoin on their Trezor Wallet,
link to original post
I knew a woman in the 90s who made a special carrier for her most valuable Beanie Babies so she could take them everywhere. Sounds like the same kind of thing as this wallet talking about. She still has the Beanie Babies but she doesn't carry them around anymore. They are in a drawer somewhere forgotten about.
"It's not called gambling if the math is on your side."
June 16th, 2024 at 1:25:21 PM
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Quote: EvenBobQuote: OnceDear
Some folks refer to storing Bitcoin on their Trezor Wallet,
link to original post
I knew a woman in the 90s who made a special carrier for her most valuable Beanie Babies so she could take them everywhere. Sounds like the same kind of thing as this wallet talking about. She still has the Beanie Babies but she doesn't carry them around anymore. They are in a drawer somewhere forgotten about.
link to original post
Were there Beanie Baby ETFs? Did pension funds invest in them?
All animals are equal, but some are more equal than others
June 16th, 2024 at 2:40:20 PM
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Quote: EvenBobQuote: OnceDear
Some folks refer to storing Bitcoin on their Trezor Wallet,
link to original post
I knew a woman in the 90s who made a special carrier for her most valuable Beanie Babies so she could take them everywhere. Sounds like the same kind of thing as this wallet talking about. She still has the Beanie Babies but she doesn't carry them around anymore. They are in a drawer somewhere forgotten about.
link to original post
Did she buy the beanie babies for $1 and still have them at $66,000?
For Whom the bus tolls; The bus tolls for thee
June 16th, 2024 at 2:57:12 PM
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Quote: darkozQuote: EvenBobQuote: OnceDear
Some folks refer to storing Bitcoin on their Trezor Wallet,
link to original post
I knew a woman in the 90s who made a special carrier for her most valuable Beanie Babies so she could take them everywhere. Sounds like the same kind of thing as this wallet talking about. She still has the Beanie Babies but she doesn't carry them around anymore. They are in a drawer somewhere forgotten about.
link to original post
Did she buy the beanie babies for $1 and still have them at $66,000?..
link to original post
Once again the point of my good story is lost in the abyss..
"It's not called gambling if the math is on your side."
June 16th, 2024 at 3:22:42 PM
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Quote: EvenBobQuote: darkozQuote: EvenBobQuote: OnceDear
Some folks refer to storing Bitcoin on their Trezor Wallet,
link to original post
I knew a woman in the 90s who made a special carrier for her most valuable Beanie Babies so she could take them everywhere. Sounds like the same kind of thing as this wallet talking about. She still has the Beanie Babies but she doesn't carry them around anymore. They are in a drawer somewhere forgotten about.
link to original post
Did she buy the beanie babies for $1 and still have them at $66,000?..
link to original post
Once again the point of my good story is lost in the abyss..
link to original post
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
Just two listing's currently on Etsy and Ebay.
Last edited by: darkoz on Jun 16, 2024
For Whom the bus tolls; The bus tolls for thee
June 16th, 2024 at 4:23:01 PM
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Quote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
"It's not called gambling if the math is on your side."
June 16th, 2024 at 5:58:05 PM
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Quote: EvenBobQuote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
link to original post
But really nothing has intrinsic value.
A steak dinner from 1993 is worth a lot less than a beanie baby from 1993. Because the steak dinner spoiled decades ago. The steak dinners intrinsic value went to zero. And yet you seem to believe the steak dinner had more lasting value than a beanie baby.
For Whom the bus tolls; The bus tolls for thee
June 16th, 2024 at 6:52:04 PM
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Quote: darkozQuote: EvenBobQuote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
link to original post
But really nothing has intrinsic value.
A steak dinner from 1993 is worth a lot less than a beanie baby from 1993. Because the steak dinner spoiled decades ago. The steak dinners intrinsic value went to zero. And yet you seem to believe the steak dinner had more lasting value than a beanie baby.
link to original post
Here's an example. The USD is backed by the incredible wealth of the United States. Just pay attention the next time you drive to whatever store you're going to. Look at the houses you're going by and the cars that are on the road, you're passing multi millions of dollars of wealth just on your way to the store. In some countries you could drive for 30 miles and not go past almost any wealth at all. Bitcoin is not backed by anything at all except a hope and a prayer. With a hope and a prayer and $15 you can get a Big Mac Dinner in the new economy.
"It's not called gambling if the math is on your side."
June 16th, 2024 at 8:18:35 PM
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Quote: EvenBobQuote: darkozQuote: EvenBobQuote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
link to original post
But really nothing has intrinsic value.
A steak dinner from 1993 is worth a lot less than a beanie baby from 1993. Because the steak dinner spoiled decades ago. The steak dinners intrinsic value went to zero. And yet you seem to believe the steak dinner had more lasting value than a beanie baby.
link to original post
Here's an example. The USD is backed by the incredible wealth of the United States. Just pay attention the next time you drive to whatever store you're going to. Look at the houses you're going by and the cars that are on the road, you're passing multi millions of dollars of wealth just on your way to the store. In some countries you could drive for 30 miles and not go past almost any wealth at all. Bitcoin is not backed by anything at all except a hope and a prayer. With a hope and a prayer and $15 you can get a Big Mac Dinner in the new economy.
link to original post
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
In 1990 a $5 bill brought you two big mac meals. Today a $5 bill from 1990 wouldn't even buy you a single big mac.
Hardly what is considered a good investment.
For Whom the bus tolls; The bus tolls for thee
June 16th, 2024 at 8:44:30 PM
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Quote: darkozQuote: EvenBobQuote: darkozQuote: EvenBobQuote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
link to original post
But really nothing has intrinsic value.
A steak dinner from 1993 is worth a lot less than a beanie baby from 1993. Because the steak dinner spoiled decades ago. The steak dinners intrinsic value went to zero. And yet you seem to believe the steak dinner had more lasting value than a beanie baby.
link to original post
Here's an example. The USD is backed by the incredible wealth of the United States. Just pay attention the next time you drive to whatever store you're going to. Look at the houses you're going by and the cars that are on the road, you're passing multi millions of dollars of wealth just on your way to the store. In some countries you could drive for 30 miles and not go past almost any wealth at all. Bitcoin is not backed by anything at all except a hope and a prayer. With a hope and a prayer and $15 you can get a Big Mac Dinner in the new economy.
link to original post
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
In 1990 a $5 bill brought you two big mac meals. Today a $5 bill from 1990 wouldn't even buy you a single big mac.
Hardly what is considered a good investment.
link to original post
So what. The USD at the time was backed by the wealth of the United States. What keeps Bitcoin alive is its the playtoy of the super rich like The TwinkleToes Brothers and without them you don't have anything. They keep it alive when it's failing because it has no intrinsic value of its own. Sounds like you read the Pyramid Scheme Salesman's Handbook too often.
"It's not called gambling if the math is on your side."
June 16th, 2024 at 9:04:10 PM
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EVERYTHING INCLUDING THE ENTIRE UNIvERESE WILL FAIL AT SOME POINT.
Let's talk about the next 10-30 years.
Thousands, possibly 7,000 online casinos take Bitcoin. Many other legitimate public companies take Bitcoin.
The value of Bitcoin is using it as a tool to make more "money/value" and then you can choose what poor or great investment you decide to invest in... therefore Bitcoin is invaluable.
Let's talk about the next 10-30 years.
Thousands, possibly 7,000 online casinos take Bitcoin. Many other legitimate public companies take Bitcoin.
The value of Bitcoin is using it as a tool to make more "money/value" and then you can choose what poor or great investment you decide to invest in... therefore Bitcoin is invaluable.
♪♪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♪♪
June 17th, 2024 at 2:41:51 AM
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Quote: darkoz
Most of America is living in poverty unfortunately. A few rich fat cats.
American "poverty" is wealth in most of the rest of the world, Even in "The Grapes of Wrath" set in the depression it showed people having a car. However, so much of this is going to start to end as the USD loses its status. The petrodollar just ended. Mr and Mrs America don't even know what it was and how it propped things up. If only we could get the petro bitcoin or petro shiba inu!
All animals are equal, but some are more equal than others
June 17th, 2024 at 6:32:45 AM
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Quote: darkoz
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
That is ridiculous. How far below average does one have to be to be considered in poverty? The average income is around $1400 a month so if we assume that is true then I would guess poverty would be less than $1000 a month. Very few Americans are living on less than $1000 a month. A minimum wage job pays more than that.
We are still one of the richest countries with one of the highest standards of living of any country in the world so it is ridiculous to say most of America is living in poverty.
At my age, a "Life In Prison" sentence is not much of a deterrent.
June 17th, 2024 at 7:35:07 AM
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Quote: DRichQuote: darkoz
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
That is ridiculous. How far below average does one have to be to be considered in poverty? The average income is around $1400 a month so if we assume that is true then I would guess poverty would be less than $1000 a month. Very few Americans are living on less than $1000 a month. A minimum wage job pays more than that.
We are still one of the richest countries with one of the highest standards of living of any country in the world so it is ridiculous to say most of America is living in poverty.
link to original post
What do you mean by ‘the average income is around 1400 a month’? Average including those too young to work, those retired, those incarcerated, etc…? Amongst full time workers the average has to be MUCH higher than $1400 a month here in the USA. Just picked up fast food. ‘Hiring starting at $17.50 an hour’. That is slightly more than DOUBLE $1400 a month.
June 17th, 2024 at 7:41:56 AM
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.
Bitcoin has been around since 2009 - it's already 15 years old
although it didn't attract a lot of attention until much more recently
the linked article from Wiki is pretty interesting
from the article:
"the first notable transaction involving physical goods was paid on May 22, 2010 by exchanging 10,000 mined Btc or two pizzas delivered from a Papa John's in Jacksonville, Florida.
the 10,000 Bitcoins were worth about $40 USD at that time"_______________________-:)
Bitcoin was originated by Satoshi Nakamoto - but that name is a pseudonym - nobody knows which person or persons are responsible for originating it - there is a great deal of speculation about this
.
https://en.wikipedia.org/wiki/History_of_bitcoin
.
Bitcoin has been around since 2009 - it's already 15 years old
although it didn't attract a lot of attention until much more recently
the linked article from Wiki is pretty interesting
from the article:
"the first notable transaction involving physical goods was paid on May 22, 2010 by exchanging 10,000 mined Btc or two pizzas delivered from a Papa John's in Jacksonville, Florida.
the 10,000 Bitcoins were worth about $40 USD at that time"_______________________-:)
Bitcoin was originated by Satoshi Nakamoto - but that name is a pseudonym - nobody knows which person or persons are responsible for originating it - there is a great deal of speculation about this
.
https://en.wikipedia.org/wiki/History_of_bitcoin
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 17th, 2024 at 8:51:52 AM
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You can't go by income levels. You have to look at cost of living.
When full time people can't even pay for all their rent and utilities then it doesn't matter the minimum wage.
Every time the minimum wage goes up so do all the prices. So no one really is getting a raise at all.
Everyone is still living at the same levels as 50 years ago.
I was just watching Alfred Hitchcock's The Trouble with Harry. The guy is in the candy store and the lady adds up a whole grocery cart of items and says "That's $2.80" The guy says we'll I need a pack of cigarettes too. The lady says ten cents extra. He complains about the high cost of cigarettes.
It's laughable but we live in a world where no one can afford anything no matter how much they make.
I'm talking in general of course. There are well off people but most of America can't afford their bills without some form of government help.
When full time people can't even pay for all their rent and utilities then it doesn't matter the minimum wage.
Every time the minimum wage goes up so do all the prices. So no one really is getting a raise at all.
Everyone is still living at the same levels as 50 years ago.
I was just watching Alfred Hitchcock's The Trouble with Harry. The guy is in the candy store and the lady adds up a whole grocery cart of items and says "That's $2.80" The guy says we'll I need a pack of cigarettes too. The lady says ten cents extra. He complains about the high cost of cigarettes.
It's laughable but we live in a world where no one can afford anything no matter how much they make.
I'm talking in general of course. There are well off people but most of America can't afford their bills without some form of government help.
For Whom the bus tolls; The bus tolls for thee
June 17th, 2024 at 9:24:07 AM
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Quote: DRich
The real chances of the U.S. dollar failing are also almost 100%. No fiat currency has ever survived over time.
link to original post
That is such a meaningless metric. Most fiat currencies don't "fail," they are simply replaced with something else that is either more efficient or more conducive to domestic and international economics. Most European currencies were replaced with the Euro, but no one would argue they "failed." You could also probably argue the US dollar has already been replaced at least once when we got off the gold standard.
Additionally, there are currently approximately 176 fiat currencies out of 775 that have ever existed, so it is also disingenuous to say that "no fiat currency has ever survived over time" when almost a quarter of them are still in existence.
June 17th, 2024 at 10:43:37 AM
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Quote: SOOPOOQuote: DRichQuote: darkoz
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
That is ridiculous. How far below average does one have to be to be considered in poverty? The average income is around $1400 a month so if we assume that is true then I would guess poverty would be less than $1000 a month. Very few Americans are living on less than $1000 a month. A minimum wage job pays more than that.
We are still one of the richest countries with one of the highest standards of living of any country in the world so it is ridiculous to say most of America is living in poverty.
link to original post
What do you mean by ‘the average income is around 1400 a month’? Average including those too young to work, those retired, those incarcerated, etc…? Amongst full time workers the average has to be MUCH higher than $1400 a month here in the USA. Just picked up fast food. ‘Hiring starting at $17.50 an hour’. That is slightly more than DOUBLE $1400 a month.
link to original post
I am guessing that you are just looking at the U.S. rates. World wide income is around $1400 a month.
At my age, a "Life In Prison" sentence is not much of a deterrent.
June 17th, 2024 at 10:45:43 AM
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Quote: SOOPOOWhat do you mean by ‘the average income is around 1400 a month’? Average including those too young to work, those retired, those incarcerated, etc…? Amongst full time workers the average has to be MUCH higher than $1400 a month here in the USA. Just picked up fast food. ‘Hiring starting at $17.50 an hour’. That is slightly more than DOUBLE $1400 a month.
per the link -
"NYC rentals average $3,600 for a studio rental to $8,295 for 4 bedroom rental. The median price for all currently available listings is $4,500"
the guy living in small town America will have a much easier time with the same income - re the purchase of many other necessities too
the income of a person living and working in NYC is surely higher too for doing the same type of work - but still - even so
it's not possible for a great many to live well when the costs are that high
.
https://www.renthop.com/average-rent-in/new-york-ny#:~:text=New%20York%20rentals%20average%20%243%2C600,unchanged%20over%20the%20last%20year.
.
Last edited by: lilredrooster on Jun 17, 2024
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
June 17th, 2024 at 12:52:17 PM
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Quote: OnceDearQuote: tuttigymThank you all for the explanations and definitions. I greatly appreciate all of your efforts.
For me, it is so abstract, and I am so old school that I am still not able to embrace those concepts.
I can physically hold $$, gold, "tickets," and most other forms "currencies," but I don't think I can carry the crypto in my pocket like small change.
link to original post
Actually, you sort of can.
Imagine you wealth of bitcoin is stored in a numbered swiss bank account. They don't know you, but with the account secrets, they will deal with you happily. The money never comes into you hands, but you hold the secret account details written on a bit of paper that only you can read. Now, replace piece of paper with a hardware device called a Trezor wallet, which is like a PIN protected USB memory stick. At your leisure, you can plug that Trezor into a laptop and transfer funds to me or to a shop.
Some folks refer to storing Bitcoin on their Trezor Wallet, but you are only storing away the account secret there.
link to original post
Thanks for the input. I guess, after reading everything here, I find that crypto is not going to be an investment for me. My simplistic nature and lack of technical insights doesn't lead me in a direction toward crypto. For me, it is so abstract it defies my understanding.
So again, thank you all for indulging my interest.
tuttigym
June 18th, 2024 at 12:50:26 PM
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Quote: AhighWell, I bought the coins for "research" just to learn more about how it works but putting some equity in the spot so I could stir it around and see what happens.
I got in a 134.99 earlier this morning for 2.06 units.
To me:
* It's simply the first viable platform for a currency outside of a fiat currency.
* It's the only electronic cash that is possible to use without paying any fees or overhead to anyone
* It's gives you speculative power to go in and out without worry for overhead and fees related to trading (or excessive trading if you like to gamble by trading)
* It's open and the author continues to be anonymous and the code is open and available
* It's decentralized
To everyone else:
* It's easily "hacked" -- (wrong really at least depending on how you define "hacked")
* It isn't really a "safe" place to put your money (So far at least it has been from my perspective!)
* It's too complicated to get coins (I had to dig a little bit, but I figured out how to get set up for $6.00 taking cash to a bank where I don't even have an account!)
* It can't possibly work long term
What I predict is that soon, more and more people will start telling the real story about bitcoin and as more people realize that technology is a better way to have a currency than a government or even gold, all money will go towards technology (maybe even ala Revelations in the Bible?)
Anyway, I may start putting more of my short-term free cash into BitCoin just for shits and giggles because it's sort of fun to do.
Right now, it seems like the media wants to write it off as sort of "hackable" .. but the prices will be more stable as the network gets more tolerant of attacks.
I'm not worried about the hacks. I think those that are just aren't that smart about the long term viability of bitcoin.
There are some interest analysis on the system here that are worth a read on the technical side of things. So much of the mass media has done a crappy job of explaining how it all works.
http://ftalphaville.ft.com/2013/04/03/1425292/the-problem-with-bitcoin/?
link to original post
Wow that went up!
aahigh.com
June 28th, 2024 at 7:24:49 AM
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Money making opportunity.
Quote:A $5million reward has been offered in the hunt for the world's most wanted woman as the FBI say 'cryptoqueen' Ruja Ignatova scammed investors out of more than $4billion in 'one of the largest global fraud schemes in history' before vanishing in 2017. Today's huge reward offer was authorized by the Secretary under the Department of State's Transnational Organized Crime Rewards Program after Bulgaria set out plans to file charges in absentia against the Bulgarian-born entrepreneur.
Sanitized for Your Protection
June 28th, 2024 at 8:02:57 AM
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Quote: rxwineMoney making opportunity.
Quote:A $5million reward has been offered in the hunt for the world's most wanted woman as the FBI say 'cryptoqueen' Ruja Ignatova scammed investors out of more than $4billion in 'one of the largest global fraud schemes in history' before vanishing in 2017. Today's huge reward offer was authorized by the Secretary under the Department of State's Transnational Organized Crime Rewards Program after Bulgaria set out plans to file charges in absentia against the Bulgarian-born entrepreneur.
link to original post
She was most probably murdered and fed to the fish years ago.
Don't beat yourself up over past mistakes, you are going to f*** up again in the future, quite possibly in the most spectacular fashion, why worry about yesterday's f*** up's when you have tomorrow's f*** up's to look forward to?
You are a f*** up, and f***** up is part of your growth process, embrace the process.
July 31st, 2024 at 12:59:34 AM
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Quote: EvenBobQuote: darkozQuote: EvenBobQuote: darkozQuote: EvenBobQuote: darkoz
Because your story belongs in the abyss.
Even your analysis of beanie babies is wrong lol.
link to original post
Just comparing one collectible with no intrinsic value to another. The end is always the same, they are both eventually worthless because they were worthless to begin with. Duh.. Perceived value and actual value are two different things.
link to original post
But really nothing has intrinsic value.
A steak dinner from 1993 is worth a lot less than a beanie baby from 1993. Because the steak dinner spoiled decades ago. The steak dinners intrinsic value went to zero. And yet you seem to believe the steak dinner had more lasting value than a beanie baby.
link to original post
Here's an example. The USD is backed by the incredible wealth of the United States. Just pay attention the next time you drive to whatever store you're going to. Look at the houses you're going by and the cars that are on the road, you're passing multi millions of dollars of wealth just on your way to the store. In some countries you could drive for 30 miles and not go past almost any wealth at all. Bitcoin is not backed by anything at all except a hope and a prayer. With a hope and a prayer and $15 you can get a Big Mac Dinner in the new economy.
link to original post
Most of America is living in poverty unfortunately. A few rich fat cats.
But if you think that same $5 you obtained in 1990 buys you the same amount of supplies go right ahead and believe.
In 1990 a $5 bill brought you two big mac meals. Today a $5 bill from 1990 wouldn't even buy you a single big mac.
Hardly what is considered a good investment.
link to original post
So what. The USD at the time was backed by the wealth of the United States. What keeps Bitcoin alive is its the playtoy of the super rich like The TwinkleToes Brothers and without them you don't have anything. They keep it alive when it's failing because it has no intrinsic value of its own. Sounds like you read the Pyramid Scheme Salesman's Handbook too often.
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https://www.youtube.com/live/vZTrrLo9psw?t=1921 Start at 32:00 listen to 35.
The Federal Reserve is now approving banks to custody Bitcoin. The next step is to allow banks to provide regulated loans against Bitcoin collateral.
I don't get it, do you actively try to be unknowledgeable?
August 4th, 2024 at 9:00:53 PM
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Bitcoin crashes below $53K wiping out $600M
"It's not called gambling if the math is on your side."
August 4th, 2024 at 10:39:12 PM
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Quote: EvenBobBitcoin crashes below $53K wiping out $600M
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Wasn't it at less than $15,000 less than a year ago?
So what you are saying is after creating several billions in wealth, $600 million got raked back? And that's what you consider a bad investment?
For Whom the bus tolls; The bus tolls for thee
August 5th, 2024 at 7:53:19 AM
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"Bitcoin has lost nearly a quarter of its value in just seven days."
And it's only 11:00 a.m. Eastern time, the Market's already down more than a thousand. The recession which has been here for months is finally being realized.
And it's only 11:00 a.m. Eastern time, the Market's already down more than a thousand. The recession which has been here for months is finally being realized.
"It's not called gambling if the math is on your side."
August 5th, 2024 at 8:38:41 AM
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Gold down 2% this morning.
What a beanie baby.
What a beanie baby.
For Whom the bus tolls; The bus tolls for thee
August 5th, 2024 at 9:08:29 AM
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Quote: EvenBob"Bitcoin has lost nearly a quarter of its value in just seven days."
your great hero loves Bitcoin
quote from the article: "they hooted with joy as he claimed credit for bitcoin's meteoric rise in value during his administration"
https://www.wired.com/story/donald-trump-bitcoin-reserve-promises/
.
the foolish sayings of a rich man often pass for words of wisdom by the fools around him
October 29th, 2024 at 6:04:48 AM
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Quote: EvenBob"Bitcoin has lost nearly a quarter of its value in just seven days."
And it's only 11:00 a.m. Eastern time, the Market's already down more than a thousand. The recession which has been here for months is finally being realized.
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Bitcoin
$
7
1
,
0
5
8
.
5
8
♪♪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♪♪
October 29th, 2024 at 6:37:39 AM
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At the start of April 2013 BTC was around $139, on April 30, 2013. It was up 49.4%Quote: EvenBobBitcoins are like collector Elvis plates. There's a limited
number made and they go up in value till they hit a
plateau. They're only worth the price because the
demand sets the price. If collectors lose interest,
prices plummet.
Just think Beanie Babies. Remember those?
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BTC now just shy of $71,000
♪♪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♪♪
October 29th, 2024 at 9:03:49 AM
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The most recent runup is based on a belief that Trump is pro crypto and will win the election.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 3rd, 2024 at 9:27:34 AM
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And now with Trump prospects waning, BTC is dropping.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 3rd, 2024 at 9:30:08 AM
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Quote: MDawgAnd now with Trump prospects waning, BTC is dropping.
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Is there some new poll or are you just making a political statement?
All animals are equal, but some are more equal than others
November 3rd, 2024 at 9:34:10 AM
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A.Wolf posted about how BTC was pushing an all time high. I posted that this was because Trump was expected to win and is viewed as pro crypto. Now that he is no longer expected to win, BTC is dropping.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 3rd, 2024 at 9:52:33 AM
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Quote: MDawgA.Wolf posted about how BTC was pushing an all time high. I posted that this was because Trump was expected to win and is viewed as pro crypto. Now that he is no longer expected to win, BTC is dropping.
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No longer expected to win where? He has been ahead in all the swing state polls since about when early voting began. Most of last weeks polls are last polls.
All animals are equal, but some are more equal than others
November 3rd, 2024 at 9:54:37 AM
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BTC is the only indicator we're talking about here.
I tell you it’s wonderful to be here, man. I don’t give a damn who wins or loses. It’s just wonderful to be here with you people.
https://wizardofvegas.com/forum/gambling/betting-systems/33908-the-adventures-of-mdawg/
November 3rd, 2024 at 11:18:09 AM
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I don't know why the downturn. I know I sold/transferred some at around $72,500 just to take some profits. I was thinking that it wasn't just going to continue going up. Perhaps others were profit-taking as well and that started a trend.
I have no doubt the election is helping drive the price either way.
I have no doubt the election is helping drive the price either way.
♪♪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♪♪
November 3rd, 2024 at 7:08:30 PM
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Bitcoin is going to explode. One day you will say " I could of got Bitcoin under 70,000" Much better investment than stocks and I have many stocks. But crypto is my big investment.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
November 3rd, 2024 at 10:39:31 PM
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Meh....Quote: vegasBitcoin is going to explode. One day you will say " I could of got Bitcoin under 70,000" Much better investment than stocks and I have many stocks. But crypto is my big investment.
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I don't know about that. I don't disagree or agree (I have no Fing clue). There are way too many unknowns.
I would love to hear your theory as to why you think that.
The only times I was super confident and put my money where my mouth was... when it dropped from around 20k to 5k as COVID-19 started.
I use Crypto as a tool for online +EV gambling. Sometimes I buy it, and sometimes I sell it. I sell it on a whim/guess or when I accumulate way more than I think I need. I buy it if I am short and need it for a good deposit bonus on sports.
I have a bunch of sh*TTT coins for fun, some have done well, and some have done bad.
When it comes down to it, I am an investor since I hold BTC instead of converting or selling it.
Had I never sold any Bitcoin, I would be much, much better off.
♪♪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♪♪
November 6th, 2024 at 9:01:09 PM
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I think BTC will go back down to 65k before it will hit 85k.
Any thoughts?
Any thoughts?
♪♪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♪♪
November 7th, 2024 at 4:51:09 AM
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Quote: AxelWolfI think BTC will go back down to 65k before it will hit 85k.
Any thoughts?
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If you made me bet on it, I’d go 85 before 65. Trump has signaled in vague terms that his administration wants to lead in crypto. As with most of my 50-50 type predictions, I’m right around 49% of the time…
November 7th, 2024 at 5:00:17 AM
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Quote: SOOPOOQuote: AxelWolfI think BTC will go back down to 65k before it will hit 85k.
Any thoughts?
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If you made me bet on it, I’d go 85 before 65. Trump has signaled in vague terms that his administration wants to lead in crypto. As with most of my 50-50 type predictions, I’m right around 49% of the time…
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So far as I can tell, there's no sign yet it's adoption won't continue to increase over time. So, in a way, I'd consider it at least a safe bet to stay in, even if you don't ever hit some amazing big surge. So, it could be considered a win win either way. At least that's what I think for now.
Sanitized for Your Protection
November 7th, 2024 at 5:02:51 AM
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Axel bitcoin will keep getting more expensive. There are only 21 million coins and there will never be more than that. It will be really hard to get driving up the price. Michael Saylor the CEO of Micro Strategy holds 17,732 bitcoin and Larry Fink CEO of blackrock are the biggest holders of bitcoin. Blackrock buys all the bitcoin it can get its hands on. These guys know thw the future value will be crazy. Many say Saylor will one day be the richest man in the world do to his holdings.
Blackrock hold the largest bitcoin ETF. They do sometimes manipulate the bitcoin market by selling a large chunk of bitcoin. This causes the price to drop. When that happens many small investors sell to realize a profit fearing bitcoin will freefall to really low prices. Then Blackrock scoops up all the shares at a lower price sending bitcoin prices way up again.
Bitcoin will go up and down again just like stocks. It could hit 65k before it hits 85k. However it will keep hitting new highs and the lows will also get higher. There was a time when I, like many others thought crpto was a scam but I was wrong. I just didn't understand it. Most meme coins will be worthless. A crypto has to have a use to become valuable in the future. Did you know that governments around the world in most countries are also hording bitcoin?
I hold just three and that is bitcoin, solana and chainlink. I used to hold ethereum but sold it as it was not getting the same gains as the others cryptos in its class, but still it will do ok. I have a lot of chainlink. Link will be how we move money around the world soon. Swift has already adopted chainlink on a pilot project and it was a success.
Many people are negative towards crypto as they don't fully understand it. However big firms are scooping up all they can get for a reason.
My advice is whatever you do.....don't sell or trade any of your bitcoin.
Blackrock hold the largest bitcoin ETF. They do sometimes manipulate the bitcoin market by selling a large chunk of bitcoin. This causes the price to drop. When that happens many small investors sell to realize a profit fearing bitcoin will freefall to really low prices. Then Blackrock scoops up all the shares at a lower price sending bitcoin prices way up again.
Bitcoin will go up and down again just like stocks. It could hit 65k before it hits 85k. However it will keep hitting new highs and the lows will also get higher. There was a time when I, like many others thought crpto was a scam but I was wrong. I just didn't understand it. Most meme coins will be worthless. A crypto has to have a use to become valuable in the future. Did you know that governments around the world in most countries are also hording bitcoin?
I hold just three and that is bitcoin, solana and chainlink. I used to hold ethereum but sold it as it was not getting the same gains as the others cryptos in its class, but still it will do ok. I have a lot of chainlink. Link will be how we move money around the world soon. Swift has already adopted chainlink on a pilot project and it was a success.
Many people are negative towards crypto as they don't fully understand it. However big firms are scooping up all they can get for a reason.
My advice is whatever you do.....don't sell or trade any of your bitcoin.
50-50-90 Rule: Anytime you have a 50-50 chance of getting something right, there is a 90% probability you'll get it wrong
