ChiefsPlanet

ChiefsPlanet (https://www.chiefsplanet.com/BB/index.php)
-   Nzoner's Game Room (https://www.chiefsplanet.com/BB/forumdisplay.php?f=1)
-   -   Money Bitcoin Take? (https://www.chiefsplanet.com/BB/showthread.php?t=270065)

Fat Elvis 08-15-2018 08:34 PM

Quote:

Originally Posted by BossChief (Post 13653053)
Kinda funny how people are talking about crypto like it’s dead.

It’s “died” like 20 times and came back stronger every time.

Quote:

Originally Posted by BossChief (Post 13676047)
I sold off all of mine, so I’m sure it will skyrocket in a couple weeks

That was a rather sudden change of heart....

scho63 08-16-2018 06:53 AM

Some people are confusing or intermingling the value of bitcoin and blockchain.

Blockchain has great potential-bitcoin not so much as it's too vulnerable to manipulation, too long to cash out, theft, scams and sky high fees.

I believe there is going to be a FIXED value coin using blockchain that will be a "container" vessel just to transfer and store value for a fee, like a prepaid credit card with much less fees.

scho63 08-16-2018 08:45 AM

Wow, Chipotle really made up and far exceeded the damage to their stock done by the food sickening scandal.

I didn't realize it's now over $500 a share! That's amazing. Haven't heard anyone touting it as it went from upper $200's all the way to $525 this week.

I haven't eaten there in a while and I'm overdue. I love their fajita burritos.

lewdog 08-25-2018 07:45 AM

The fear of missing out gets a lot of people in investing. People leveraging money into bitcoin reminds me of peak dot.com mania I’ve read about.

https://www.nytimes.com/2018/08/20/t...or-losses.html

DanT 11-14-2018 08:33 PM

One year ago (11/15/2017), BTC closed at $7,853.68. One month later (12/15/2017), it closed at 19,345.49. Today (11/15/2017), it closed at 5,629.99. Very big swings for a currency.

https://finance.yahoo.com/chart/BTC-...lnRGV2Ijp7fX19

Sofa King 11-14-2018 08:42 PM

I wish it would hurry up and rebound and make me rich.

BWillie 11-14-2018 09:04 PM

Quote:

Originally Posted by DanT (Post 13892468)
One year ago (11/15/2017), BTC closed at $7,853.68. One month later (12/15/2017), it closed at 19,345.49. Today (11/15/2017), it closed at 5,629.99. Very big swings for a currency.

https://finance.yahoo.com/chart/BTC-...lnRGV2Ijp7fX19

I've lost an ungodly amount of money from Jan 1st 2017 (or thereabouts when it was $19,700) to now. Just an absurd amount - at least for me. I was gambling on the long game - and I still think it could be there - but I think so many people were artificially propping up the price of bitcoin in the short term for their own gain. Once wall street got invited to the party - all went to shit.

It could have been even worse, too. I used to be invested 100% in Bitcoin - but I spread myself out a little. So many people were telling me to invest even more in alts. Still 85% in bitcoin and 15% alts but the ****ing alts have been DESTROYED even worse than bitcoin. I threw $11,000 on Binance to **** around with alts in January - it's now worth $400. FOUR HUNDRED DOLLARS. And I moved too much to Ethereum and the Ethereum price hasn't maintained as well as bitcoin. I should have just sold it all in January - was quasi rich at one time.

I guess I'll keep holding until it's worth zero :(

DanT 11-14-2018 09:20 PM

Yeah, the decline during 2018 so far has been very dramatic.

Bitcoin (BTC) opened at 13,444.88 on January 1 and is now around 5,700, a loss of about 4 dollars for every 7.

Ripple (XRP) opened at 2.05 on January 1 and is now down to about 0.46, a loss of about 7 dollars for every 9.

DanT 11-20-2018 08:30 PM

Quote:

Originally Posted by DanT (Post 13892539)
Yeah, the decline during 2018 so far has been very dramatic.

Bitcoin (BTC) opened at 13,444.88 on January 1 and is now around 5,700, a loss of about 4 dollars for every 7.

Ripple (XRP) opened at 2.05 on January 1 and is now down to about 0.46, a loss of about 7 dollars for every 9.

BTC now below $4,500. XRP is around $0.43.

Pasta Little Brioni 11-20-2018 08:38 PM

Wow ROFL TO THE MOOOOOOOON!

Pitt Gorilla 11-20-2018 09:59 PM

Taco John is once again "right".

Johnny Vegas 11-20-2018 10:38 PM

There's a hard fork happening right now and its BCH is having a hash war with others branching off causing a sudden drop in prices since Nov 15th.

https://www.investopedia.com/news/al...ash-hard-fork/

Skyy God 11-20-2018 11:29 PM

Hodl, lol.

BWillie 11-20-2018 11:48 PM

Quote:

Originally Posted by Cave Johnson (Post 13907786)
Hodl, lol.

Yep - long term. First or last. What can ya do

BryanBusby 11-21-2018 02:43 AM

Buy buy buy!


All times are GMT -6. The time now is 03:33 PM.

Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2024, vBulletin Solutions, Inc.