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Old 02-06-2018, 01:43 PM  
HonestChieffan HonestChieffan is offline
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Millennials. Invest in Bitcoin. Good Call.

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Old 02-06-2018, 09:53 PM   #16
Prison Bitch Prison Bitch is offline
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All I know is I am buying the sales right now. Bitcoin is a steal at this price.
How would you know that? A price in an open market is the right price. What do you know that millions of potential investors don't?
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Old 02-06-2018, 09:57 PM   #17
Garcia Bronco Garcia Bronco is offline
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How would you know that? A price in an open market is the right price. What do you know that millions of potential investors don't?
It's not so much what other investors think. It's getting in near the ground floor on something that could be big. Imagine going back into the seventies and giving Steve Jobs money or investing in Bill Gates. It's risk and Bitcoin investors are okay with some kind of risk. I could have gotten in on the weed Market in Colorado. With federal laws and banking regulations being what they are I decided against it. Woulda Coulda Shoulda. But I wasn't comfortable with the risk.
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Old 02-06-2018, 11:21 PM   #18
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It was never meant to serve as an investment opportunity. Its purpose is to eventually become a stable currency that bypasses the world banking system. It's pretty genius regardless whether it succeeds in fulfilling that role or not.
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Old 02-06-2018, 11:48 PM   #19
Bob Dole Bob Dole is offline
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Report the other day said that 45% of the generation oaklandhater believes will take over the country invests more in coffee every month than retirement.
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Old 02-07-2018, 12:32 AM   #20
Taco John Taco John is online now
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Originally Posted by Prison Bitch View Post
How would you know that? A price in an open market is the right price. What do you know that millions of potential investors don't?
I know about the value of the blockchain. I have an understanding of what it can do now, and what it will be able to do in the future when it starts doing as all technologies do, and pairing with other technologies to create even newer technologies. I know about the tricks that blockchain enabled currencies can do that legacy fiat currencies can't do. I know about the problems that fiat currencies have that blockchain currencies don't have. I know about the trillions of dollars that blockchain currencies free up that banking systems currently have to forfeit for practical liquidity.

I listened to the congressional hearing today on cryptocurrencies, and what I heard was appalling. The people trying to regulate this are mostly clueless about the intrinsic value that triple entry ledger accounting gives to a currency. Not to mention the trustless nature of it, knowing that a Federal Reserve isn't going to just press a button and give a bunch of front line banks a bunch of cheap/free money to lend to others and game the system. As usual, the market is going to be ahead of the legislators, and the legislators stupidity will create a lag effect. The bad news is, the wonderful things that cryptocurrencies can do technologically will happen slower. The good news is that means the trains will be in the station longer for people who are smart enough to board the train.

For me, I'll take my chances. Eventually, cryptocurrencies are going to be commonplace. How do I know? The same way I knew that one day every business would want to use a web domain as a brand broadcasting station. I recognized the value. The fact is, blockchain ledgers are going to allow businesses to do tricks with money we've never been able to do before - stuff that dollars and gold can't do. Every industry can be revolutionized by the blockchain. Some are already well underway. Blockchains alone are interesting. Blockchains combined with AI will be game changing.

But don't take my word for it. I'm not giving investment advice. I'm just offering my perspective based on a career in advanced tech, and an enormous amount of research and study. But even with that, I sometimes get things wrong. Not too often, but it happens.
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Old 02-07-2018, 12:35 AM   #21
Cave Johnson Cave Johnson is offline
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Old 02-07-2018, 12:42 AM   #22
BWillie BWillie is offline
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Quote:
Originally Posted by HonestChieffan View Post
Im sure you are very educated on this subject. Dont even want to waste my time but I got in on bitcoin relatively early so unless it gets less than $1500 Im still significantly up. Btc has crashed many times in its history. Its very volatile and that really scares you boomers. Scared money aint make no money
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Old 02-07-2018, 12:57 AM   #23
BWillie BWillie is offline
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BTW, Thank you. It was a good call. One of the best decisions Ive ever made over 2 years ago. Should have put way more into it.
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Old 02-07-2018, 03:54 AM   #24
TambaBerry TambaBerry is offline
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A lot of the reason for not investing in the stock market or retirement is because companies just don't pay a decent salary anymore, and a lot of companies don't offer 401k. It's not like it was for the boomers when they got out of high school and could find a full time job where they could buy a house, a brand new car, and able to save for retirement.
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Old 02-07-2018, 05:17 AM   #25
Hamwallet Hamwallet is online now
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Bitcoin is still way, way up compared to a year ago.
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Old 02-07-2018, 05:22 AM   #26
Hamwallet Hamwallet is online now
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All crypto’s are for the most part. I got in on ethreum last year for 10 coins at 35 a piece and 20 lite coins around 10 a piece. Yea they have dropped since the end of the year surge, but if my 401k did what these suckers did I would cash it out right now, pay the penalty and retire. Lmao!
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Old 02-07-2018, 08:32 AM   #27
Bob Dole Bob Dole is offline
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Originally Posted by TambaBerry View Post
A lot of the reason for not investing in the stock market or retirement is because companies just don't pay a decent salary anymore, and a lot of companies don't offer 401k. It's not like it was for the boomers when they got out of high school and could find a full time job where they could buy a house, a brand new car, and able to save for retirement.
Probably because they didn't buy things like $7 cups of coffee every morning. That's $140 in your retirement savings every month for the math challenged generation.
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Old 02-07-2018, 08:45 AM   #28
TambaBerry TambaBerry is offline
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Probably because they didn't buy things like $7 cups of coffee every morning. That's $140 in your retirement savings every month for the math challenged generation.
i dont buy $7 coffees and I also put in around $200 a month into my 401k.
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Old 02-07-2018, 09:54 AM   #29
Eleazar Eleazar is offline
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Er, how many of them have any money socked away whilst living in their mom's basement? Of course investment is low.
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Old 02-07-2018, 11:31 AM   #30
Bob Dole Bob Dole is offline
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i dont buy $7 coffees and I also put in around $200 a month into my 401k.
Good on you. I just know from my experience there are a lot of younger people that never figured out choice and the fact that you can't have everything you want on a starting salary.
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