OT: Any Bitcoin/crypto ?
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OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 7, 2017 2:33 PM
       OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Aug 7, 2017 2:56 PM
       OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Aug 7, 2017 2:56 PM
       OT: Any Bitcoin/crypto ? (by livethedream [AZ]) Aug 7, 2017 3:34 PM
       OT: Any Bitcoin/crypto ? (by Danny [OH]) Aug 7, 2017 5:16 PM
       OT: Any Bitcoin/crypto ? (by Homer [TX]) Aug 7, 2017 5:26 PM
       OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Aug 7, 2017 5:56 PM
       OT: Any Bitcoin/crypto ? (by Mike45 [NV]) Aug 7, 2017 6:33 PM
       OT: Any Bitcoin/crypto ? (by Pmh [TX]) Aug 7, 2017 6:58 PM
       OT: Any Bitcoin/crypto ? (by AllyM [NJ]) Aug 7, 2017 7:17 PM
       OT: Any Bitcoin/crypto ? (by Chris [CA]) Aug 7, 2017 7:55 PM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 6:34 AM
       OT: Any Bitcoin/crypto ? (by S i d [MO]) Aug 8, 2017 7:57 AM
       OT: Any Bitcoin/crypto ? (by RathrumGal [ID]) Aug 8, 2017 8:17 AM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 10:17 AM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 10:21 AM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 10:24 AM
       OT: Any Bitcoin/crypto ? (by AllyM [NJ]) Aug 8, 2017 1:25 PM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 2:00 PM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 8, 2017 2:06 PM
       OT: Any Bitcoin/crypto ? (by elliot [RI]) Aug 9, 2017 4:15 AM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 9, 2017 5:49 AM
       OT: Any Bitcoin/crypto ? (by John... [MI]) Aug 9, 2017 7:11 AM
       OT: Any Bitcoin/crypto ? (by elliot [RI]) Aug 9, 2017 4:34 PM

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OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 7, 2017 2:33 PM
Message:

Since we landlords tend to be a bit different than the Average Joe when it comes to investments, I'm curious if anyone here is dabbling in cryptocurrency such as Bitcoin? It's at an all-time high just after the fork/split of Bitcoin Cash (which all Bitcoin holders got for free).

Anyone doing any investing -- or even just playing -- in cryptocurrencies?

I own a small amount of Bitcoin, Ethereum, Dogecoin, and, now, some (free) Bitcoin Cash, of course.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Posted on: Aug 7, 2017 2:56 PM
Message:

Playing with bitcoin. Doubled my money but haven't gotten back in yet. Such a wild swinging market. --108.69.xxx.xxx




OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Posted on: Aug 7, 2017 2:56 PM
Message:

Playing with bitcoin. Doubled my money but haven't gotten back in yet. Such a wild swinging market. --108.69.xxx.xxx




OT: Any Bitcoin/crypto ? (by livethedream [AZ]) Posted on: Aug 7, 2017 3:34 PM
Message:

I leave the gambling to our tourists. So no, no bitcoin for me. I will accept gold, silver or ammo though. :) --47.216.xx.xxx




OT: Any Bitcoin/crypto ? (by Danny [OH]) Posted on: Aug 7, 2017 5:16 PM
Message:

Beginner marijuana penny stocks for me --74.128.xxx.xx




OT: Any Bitcoin/crypto ? (by Homer [TX]) Posted on: Aug 7, 2017 5:26 PM
Message:

I have been wanting to gamble some disposable money on these coins, but can't figure out which exchange or network to use. I thought I herd a couple weeks ago one of them got shut down. Looking forward to reading these post --75.141.xxx.xxx




OT: Any Bitcoin/crypto ? (by Landlord ofthe Flies [TX]) Posted on: Aug 7, 2017 5:56 PM
Message:

I use Coinbase. It follows govt regulations and runs like a bank. Seems safe enough place to bank bitcoins, etherium and one other as long as that coin is used for legal purposes. Coinbase is not for the naughty. They monitor spending like banks do. It's also the largest depository and most mainstream.

However, you can store your bitcoins locally on a local drive and use Coinbase to trade them. --108.69.xxx.xxx




OT: Any Bitcoin/crypto ? (by Mike45 [NV]) Posted on: Aug 7, 2017 6:33 PM
Message:

I'm with LTD -- gold, silver or ammo. Or US currency.

Many years ago, I liked German marks, but not with the immigrant mess that they have created for themselves and the rest of Europe.

--71.38.xx.xxx




OT: Any Bitcoin/crypto ? (by Pmh [TX]) Posted on: Aug 7, 2017 6:58 PM
Message:

Must have been many years ago Mike. So perhaps you tell us why you liked deutschemark s instead of euros...... --97.94.xxx.xx




OT: Any Bitcoin/crypto ? (by AllyM [NJ]) Posted on: Aug 7, 2017 7:17 PM
Message:

Wasn't there just some Bitcoin crash on the news and a whole bunch of people lost a ton of money? Too many computer con artists out there who would set up a scenario to take people's electronic blips and leave.

I parked some money in TIAA CREF back in the 80s in a 401 K and it increased from 2800 to 280,000. And the pres is making me 30 K every three months. Are you crazy? --73.33.xxx.xxx




OT: Any Bitcoin/crypto ? (by Chris [CA]) Posted on: Aug 7, 2017 7:55 PM
Message:

My CFD broker offered it with a huge leverage :D But CFDs are forbidden instruments for Americans.

The EU's Target 2 system is utterly crazy and will blow up at some point. Then the German FED ("Bundesbank") can whistle for the >800 bn € (> $ 900 bn) borrowed by other central banks. Yeah, Greece will bw first in line to repay it. Seriously, Italy & Spain can't raise 3xx bn each either.

The coming "banks-union" will be 3 x worse for German taxpayers. NPLs are unbelievable. Non performing loans. We are talking 46%, 45% for Greece and Cyprus. But many other countries hover between 10 and 20%. All that rot on banks' balance sheets... I would suggest y'll get out of that currency and EU stocks.

The party's over and all who played LOTTO can try this now alternatively.

They want to ban cash anyhow (no more bank runs). Look what happened in India and Australia!

Wouldn't be surprised if it got banned like gold in the 1930s. --78.43.xx.xx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 6:34 AM
Message:

AllyM: To answer your question, no, there wasn't any "Bitcoin crash" recently where people lost money.

Actually, what just happened on August 1st is that "Bitcoin Cash" forked off of the original Bitcoin so that both coins now exist. Everyone that owned Bitcoin now owns the same amount of Bitcoin Cash -- and both have gone up significantly since the 1st. So, basically, anyone owning Bitcoin on August 1st was given FREE money. :)

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by S i d [MO]) Posted on: Aug 8, 2017 7:57 AM
Message:

John,

AllyM may have been referring to the Mt. Gox scandal. I don't know...

I see Bitcoin and cryto-currencies as a method that can be more efficient and cost-effective for transferring money around the world vs. alternative methods (SWIFT, bank wire, etc) that today are somewhat expensive and have regulated delays sometimes from the time the money is sent to when it is available for the user. I'm not quite to the point where I feel comfy trusting any significant portion of my wealth or savings in it, though. If I were to receive a crypto-currency, I would quickly convert it to some other non-crypto form (i.e. cash or hard asset).

One of the purposes for a valid currency is it must be backed by the faith and trust of the users that the value they put in will be redeemable at some point in the future. So far, so good. I'm standing back a while longer to see it prove itself. Yes, perhaps I will kick myself some day realizing BitCoin is the next Microsoft / Apple / Google and I should have gotten in earlier. On the other hand, I may also pat myself on the back if it turns out to be the next Enron / Pets.com.

Time will tell. --173.19.xx.xxx




OT: Any Bitcoin/crypto ? (by RathrumGal [ID]) Posted on: Aug 8, 2017 8:17 AM
Message:

I don't own any Bitcoin, but for those of you who do, Tom Woods has some very interesting pod casts on BitCoin and Venezuela. Apparently, by using Bitcoin and Amazon.com, some people who need medications to live, for example, are able to survive the collapse of that country.

Interesting stuff -- separating a currency from government.

What would happen to Bitcoin in the event of an EMP attack? --98.145.xx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 10:17 AM
Message:

Sid: Could be, but that was years ago (2014). She said "recently" and the only "recent" Bitcoin stuff has been Bitcoin Cash. To be honest, I thought maybe she heard a little bit about Bitcoin CASH on the news and thought it was CRASH or something. :)

As for the kicking, yes, lots of us already did, of course. I was aware of Bitcoin in 2011. You could get it then for $1 per coin pretty easily (and, heck, before that, you could get it for pennies -- but, for me, I knew about it at around $1/coin). It just passed a record high of $3400/coin yesterday. So, in 6 years, it has gone from $1 to $3400. Had I bought just $100 worth in 2011 just "for fun" and sat on it, it would be worth over $340,000 today.

So, yes, I kicked myself for long enough that I decided to throw a little fun money at a few different coin types just to see. We're still talking about well under $1000 -- but enough where I won't kick myself any more if it goes up OR down. :)

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 10:21 AM
Message:

RathrumGal: What do you think would happen to ANY banks or the stock market in the case of an EMP attack? Our money hasn't been backed by gold or any other physical things for quite a while now. All significant banking is electronic.

The networks that support Bitcoin are decentralized and widespread across the entire world -- with literally hundreds of redundant copies.

If there was an EMP attack, they would target our CENTRALIZED systems -- banking hubs, the stock market, and so on. Those things would be gone. Bitcoin and other decentralized forms would be hundreds of times more likely to survive any EMP attack -- because a worldwide EMP isn't going to happen. Since it must be targeted, the decentralized system easily wins out over any centralized one.

So, as far as an EMP goes, digital cryptocurrencies would be the clear winner. No one cares about a bit of physical money in hand if the banks can't do anything with it after an EMP attack.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 10:24 AM
Message:

Also, I find it a bit ironic that a lot of the responses here to Bitcoin sound JUST like our friends' responses to investing in real estate and being a landlord. They all say "Well, the housing market could collapse." or "You could get foreclosed on!" or "I'm going to wait and see for a while and then decide if I should have gotten in."

Don't get me wrong -- I'm all for being careful. I just thought it was a bit funny that a bunch of landlords are now saying the same thing about it that our friends say to us about landlording. :)

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by AllyM [NJ]) Posted on: Aug 8, 2017 1:25 PM
Message:

This is a Reuters report from mid July. You can find the whole article by using the terms bitcoin devaluation.

Cryptocurrency investors have suffered heavy losses following a dramatic drop in the price of Bitcoin and Ethereum in recent days.

Bitcoin fell to around $1,863 and Ethereum to around $133 over the weekend – 38 percent and 67 percent off their all-time high respectively. Bitcoin, in particular, suffered heavy losses since hitting a high of $3,018 on June 12.

By Monday, Bitcoin had recovered slightly to $2,129 while Ethereum also rose to $176.

The decline appears to be part of a wider trend across the market, with trade publication Coindesk reporting Sunday that the worth of all publicly traded digital currencies had fallen by a total of $10 billion in 24 hours over the weekend. --73.33.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 2:00 PM
Message:

And your point is? The market clearly fluctuates. In July, it dropped to $1863. That was literally like 3-4 weeks ago. Today, it is over $3400 -- an all-time high. So, all of those people that had it then -- even those that bought at the previous all-time high of $3018 on July 12 like is mentioned in that article -- have ALL made money since then. Even if you bought at the all-time high from July 12th, you've made more than 10% in 3 weeks!

And Ethereum is at $296 today (and was at $176 in that article only 3 weeks ago).

So -- again -- I'm not sure what you're saying. That article happened to be at a down-time. If people BOUGHT at that time, they've done very, very, very well in the past 3 weeks.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 8, 2017 2:06 PM
Message:

Also, I find it very interesting that whoever wrote that article didn't appear to do any research as to WHY. They simply said that the decline "appears to be part of a wider trend across the market."

3 weeks ago and up until August 2nd, everyone was a bit bearish on Bitcoin because a planned "fork" of BitcoinCash was planned for August 1st. No one knew how that would go. So, people were not buying as much and some were selling. The price clearly dropped because of that.

Once August 1st passed and the fork went fine -- both Bitcoin and BitcoinCash have been doing very well. Everyone predicted that BitcoinCash would drop to $100 within the first week. Instead, it is at $338 right now!

People simply were bearish and many misjudged what would happen on August 1st. It wasn't some "tend across the market" for no reason. It was people being concerned about a specific upcoming event -- just like people would for ANY stock that was about to have something happen (Apple announcement, whatever). Basically, Bitcoin behaved just like you would expect any stock to do while a new announcement is "coming soon" -- and then took off.

I'm not sure most of the financial market "gets" Bitcoin yet. Most of the experts downplaying it have been wrong over and over again.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by elliot [RI]) Posted on: Aug 9, 2017 4:15 AM
Message:

So is it just another form of speculation or gambling?

I was about to set up server farms to harvest those coins, then watched a documentary of some guy who had farms in china, serious ones.. and it is getting harder and harder.. why bother... --73.16.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 9, 2017 5:49 AM
Message:

It is as much speculation or gambling as buying any popular stock would be. Again, we're not talking about penny stocks here. This is established currency trading for real dollars at a high price.

So, yes, it is speculation. As is investing in Yahoo or Google or Apple or AMD.

It isn't just about hoping that the stock goes up. It is about following the technology and trying to determine its future. In other words, it isn't about the "virtual coins" -- it is about the currency and how it can be used in real life. In the USA, you can't use it in many places (although Overstock.com just announced that they take it now). But across the world, it is huge for people in many countries -- especially where their local dollar is so unstable. They can use Bitcoin instead -- and not be using million-dollar-notes as cigarette wraps like in Zimbabwe because they are worthless.

Also, I'm not sure of your point about mining. I'm not suggesting that anyone MINE any coins. So whether or not it is "getting harder" to mine doesn't really have anything to do with this. That's like saying that no one should invest in Google because it is getting harder and harder to improve the search algorithms. It is unrelated to the value.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by John... [MI]) Posted on: Aug 9, 2017 7:11 AM
Message:

I want to clarify that I'm not suggesting at all that anyone sell their rentals or drains their 401k and buy Bitcoin. That isn't what I asked nor suggested at all.

I was just curious if anyone was doing it with a little "fun money" like I am. I'm talking well under $1000 here.

Heck, we just had a thread where a bunch of you admitted to buying Lotto tickets! And then I ask about crypto and you all lose your minds about bad investments?? ;)

Again, wasn't trying to get anyone to do anything. Just curious if anyone was doing some fun money "investments" related to it.

- John...

--207.241.xxx.xxx




OT: Any Bitcoin/crypto ? (by elliot [RI]) Posted on: Aug 9, 2017 4:34 PM
Message:

John, I am all for investments.. Lost some $ when tech bubble burst.. never ever went back into stock market. So if it is speculation without a lot money, with tons of time to kill, I would consider that..

Wife bought some real gold couple years ago, it was heavy and still laying on her walkin closet floor collecting dust.. so much for dollar cost averaging..

--73.16.xxx.xxx



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