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Old 02-15-2013, 11:41 AM  
ChiefRocka ChiefRocka is offline
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Bitcoin Take?

Always love to bounce this kind of stuff off the Planet. Have any of you done any research into Bitcoin, and if you hold any opinions on the concept I'd love to hear what you think.





Last edited by ChiefRocka; 07-16-2017 at 05:12 PM..
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Old 10-12-2017, 12:09 PM   #526
BWillie BWillie is offline
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That's right. I haven't sold any, still. I expect it to dip again. But gotta buy in the dips.I try to withdrawal from poker sites to BTC during the dips.

Also, I think PIVX is a great long term coin. No ICO, instead of mining they have masternode and staking community. They have a "company" so to speak and act as the hype man along with others in the PIVX community.

Look at the PIVX graph. Straight up, consistent. Zerocoin protocol will be complete Oct 16th and I expect good things after that. Zerocoin protocol will apparently make it so you can get truly anonymous transactions.

Just bought a Nano Ledger S. Already have a Trezor, but why not have two cold storage devices. Hack me mother ****ers. Good luck.
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Old 10-12-2017, 03:51 PM   #527
scho63 scho63 is offline
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Originally Posted by BWillie View Post
That's right. I haven't sold any, still. I expect it to dip again. But gotta buy in the dips.I try to withdrawal from poker sites to BTC during the dips.

Also, I think PIVX is a great long term coin. No ICO, instead of mining they have masternode and staking community. They have a "company" so to speak and act as the hype man along with others in the PIVX community.

Look at the PIVX graph. Straight up, consistent. Zerocoin protocol will be complete Oct 16th and I expect good things after that. Zerocoin protocol will apparently make it so you can get truly anonymous transactions.

Just bought a Nano Ledger S. Already have a Trezor, but why not have two cold storage devices. Hack me mother ****ers. Good luck.



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Old 10-12-2017, 03:56 PM   #528
scho63 scho63 is offline
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I hate to be a doomsday or naysayer but I am going to tell you that this is going to collapse.

This is complete horseshit. One guy who started and a limited few own nearly 20%.

The Feds are going to step in at some point and then the bottom drops out.

Too many of these too fast and too many scam artists. Doesn't mean you can't make money and a lot of it on the way up but I am hearing more and more stories of people unable to withdraw money.

Good luck to you all and be careful you are not the last one holding the match.
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Old 10-12-2017, 04:19 PM   #529
BWillie BWillie is offline
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Originally Posted by scho63 View Post
I hate to be a doomsday or naysayer but I am going to tell you that this is going to collapse.

This is complete horseshit. One guy who started and a limited few own nearly 20%.

The Feds are going to step in at some point and then the bottom drops out.

Too many of these too fast and too many scam artists. Doesn't mean you can't make money and a lot of it on the way up but I am hearing more and more stories of people unable to withdraw money.

Good luck to you all and be careful you are not the last one holding the match.
That is only if you keep it on exchanges. If you have it in a hardware wallet, no issues. I am probably out some ethereum from yobit (an exchange alt coin trading site "wallet"), but I knew going in they are a shady ****ing site. I only transferred it to ethereum to withdrawal because I was trying to flip on some shady ICO's & penny alt coins. So I only kept $600 or so on there for shits and giggles. Keep what you can afford to lose on the exchange wallets. Keep the rest on Mycelium, Coinomi or even better a Trezor or Ledger Nano S.

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limited few own nearly 20%.
How is that any different than USD?
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Old 10-12-2017, 05:07 PM   #530
ChiefRocka ChiefRocka is offline
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Quote:
Originally Posted by scho63 View Post
I hate to be a doomsday or naysayer but I am going to tell you that this is going to collapse.

This is complete horseshit. One guy who started and a limited few own nearly 20%.

The Feds are going to step in at some point and then the bottom drops out.

Too many of these too fast and too many scam artists. Doesn't mean you can't make money and a lot of it on the way up but I am hearing more and more stories of people unable to withdraw money.

Good luck to you all and be careful you are not the last one holding the match.




...

Last edited by ChiefRocka; 10-12-2017 at 05:15 PM..
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Old 10-12-2017, 06:30 PM   #531
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Glad I dropped ETH and picked up BTC on Monday.

BTC is expecting another hard fork on the 25th. As a result people are dumping everything to get into BTC. Want to get their Bitcoin gold and hope the value skyrockets like Bitcoin cash did then will go back to whatever they were on originally. I don’t see the value of Bitcoin gold increasing like bitcoin cash but I could be wrong.

Litecoin has been on fire today tho, so not every altcoin is experiencing that effect.
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Old 10-12-2017, 06:33 PM   #532
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I wonder why Ethereum hasnít increased like bitcoin has.
me too.
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Old 10-12-2017, 06:46 PM   #533
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me too.
See above post. It will be back.
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Old 10-12-2017, 07:31 PM   #534
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Here's a simple question for us non-techies or blockchain masters:

Let's say you were smart and put up $1,000 a few years ago and now you have $50,000 in bit coins. You decide you want all the cash to put a deposit on a house.

How is that done?

How long does it take to get your money?

How are the funds delivered?
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Old 10-12-2017, 09:24 PM   #535
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Originally Posted by scho63 View Post
Here's a simple question for us non-techies or blockchain masters:

Let's say you were smart and put up $1,000 a few years ago and now you have $50,000 in bit coins. You decide you want all the cash to put a deposit on a house.

How is that done?

How long does it take to get your money?

How are the funds delivered?
Sell bitcoin on an exchange. Get cash deposited into your cash fund at said exchange, similar to an online stock brokerage account. ACH money from said account to bank account.

Iíve done this in Coinbase before and had the money in my account the next morning. However, larger amounts may take longer, as I only did this for ~$5k.
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Old 10-12-2017, 09:49 PM   #536
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Quote:
Originally Posted by scho63 View Post
Here's a simple question for us non-techies or blockchain masters:

Let's say you were smart and put up $1,000 a few years ago and now you have $50,000 in bit coins. You decide you want all the cash to put a deposit on a house.

How is that done?

How long does it take to get your money?

How are the funds delivered?
Respectfully, you admittedly know next to nothing and yet you have a negative opinion and its in a bubble?
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Old 10-12-2017, 10:03 PM   #537
scho63 scho63 is offline
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Originally Posted by Jewish Rabbi View Post
Sell bitcoin on an exchange. Get cash deposited into your cash fund at said exchange, similar to an online stock brokerage account. ACH money from said account to bank account.

Iíve done this in Coinbase before and had the money in my account the next morning. However, larger amounts may take longer, as I only did this for ~$5k.
Thank you-sending you POS REP.

I guess the big question is the reputation and financial stability of the middle man (the Exchanges) taking and giving the money.
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Old 10-12-2017, 10:04 PM   #538
scho63 scho63 is offline
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Respectfully, you admittedly know next to nothing and yet you have a negative opinion and its in a bubble?
I know a lot more then I let on......

You made a foolish assumption that I know next to nothing.
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Old 10-13-2017, 03:34 AM   #539
BWillie BWillie is offline
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Quote:
Originally Posted by scho63 View Post
Here's a simple question for us non-techies or blockchain masters:

Let's say you were smart and put up $1,000 a few years ago and now you have $50,000 in bit coins. You decide you want all the cash to put a deposit on a house.

How is that done?

How long does it take to get your money?

How are the funds delivered?
You can use localbitcoins.com, meet with a trader at a Starbucks or something.

Or Coinbase.

That is the only two ways Ive ever sold, and sadly wish I never did.
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Old 10-13-2017, 09:01 PM   #540
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