ChiefsPlanet
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ChiefsPlanet (https://chiefsplanet.com/BB/index.php)
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-   -   Money Bitcoin Take? (https://chiefsplanet.com/BB/showthread.php?t=270065)

BossChief 12-17-2020 12:36 AM
22,400

Halfcan 12-17-2020 12:48 AM
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.

Third Eye 12-17-2020 01:18 AM
Quote:
Originally Posted by Halfcan (Post 15403379)
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
I don’t personally dabble in crypto, but I’m not really sure why it’s crazy. It’s ultimately no different than most financial derivatives trading. The underlying asset isn’t what’s important, it’s the change in price.

Ninerfan11 12-17-2020 01:41 AM
Quote:
Originally Posted by Halfcan (Post 15403379)
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
People still think like this? :banghead::banghead: LMAO.

Jewish Rabbi 12-17-2020 08:37 AM
Quote:
Originally Posted by Halfcan (Post 15403379)
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.
Do you have a bank account?

loochy 12-17-2020 08:38 AM
Quote:
Originally Posted by Halfcan (Post 15403379)
It is crazy that people will use $22,400 of Real money to buy a Virtual Coin that only exists on the internet.

ROFL real money? How is it real? Dollar is a fiat currency and has no actual value. Your precious dollar is quite "virtual" as well.

jjuliajul11 12-17-2020 09:21 AM
I'm really questioning the level of commitment of CP regarding this thread

ChiefRocka 12-17-2020 09:27 AM
I think a good analogy would be to think of an excel spreadsheet in the sky to which accounts are simply cells in that spreadsheet and banks control access to those cells as well as the overall supply of cash in that spreadsheet (printing more at will as they choose).

A blockchain backed crypto currency would be that same spreadsheet in the sky where any user has access to cells in that spreadsheet by creating a "wallet" and controlling the spending of cash from those cells by using a private key to unlock that cell. The supply of cash is predetermined based on consensus protocol backing that spreadsheet and is agreed upon by its users. They partake and secure the spreadsheet because of the rules or "formulas" controlling it.

i.e We trust banks with our money. Blockchain is trustless in its native design.

Hog's Gone Fishin 12-17-2020 09:54 AM
Quote:
Originally Posted by ChiefRocka (Post 15403670)
I think a good analogy would be to think of an excel spreadsheet in the sky to which accounts are simply cells in that spreadsheet and banks control access to those cells as well as the overall supply of cash in that spreadsheet (printing more at will as they choose).

A blockchain backed crypto currency would be that same spreadsheet in the sky where any user has access to cells in that spreadsheet by creating a "wallet" and controlling the spending of cash from those cells by using a private key to unlock that cell. The supply of cash is predetermined based on consensus protocol backing that spreadsheet and is agreed upon by its users. They partake and secure the spreadsheet because of the rules or "formulas" controlling it.

i.e We trust banks with our money. Blockchain is trustless in its native design.
I'm curious Mr. ChiefRocka , since you started this thread did you get in early and at what price??

Gee , I wish I'd bought 100 coins at $4. Story of everyones life.

ChiefRocka 12-17-2020 10:06 AM
Quote:
Originally Posted by Hog's Gone Fishin (Post 15403714)
I'm curious Mr. ChiefRocka , since you started this thread did you get in early and at what price??

Gee , I wish I'd bought 100 coins at $4. Story of everyones life.
Call my father Mister. Bitcoin in 2014, Ethereum in 2015

$100/hr crypto consult for anyone interested :D

Demonpenz 12-17-2020 10:14 AM
My gut says ltc gets to 160 in 4 months and xrp to .80 that is just my feeling

Demonpenz 12-17-2020 10:16 AM
Quote:
Originally Posted by eDave (Post 15403224)
I didn't pull the trigger. There's too much energy fueling this and I was overthinking what happened last ATH. Last halving is settling in too.
Smart

ChiefRocka 12-17-2020 10:17 AM
Quote:
Originally Posted by Demonpenz (Post 15403735)
My gut says ltc gets to 160 in 4 months and xrp to .80 that is just my feeling
Ride the pumps but get out of these coins permanently within the next year. They offer nothing.

Demonpenz 12-17-2020 08:25 PM
I am willing to gamble.

-King- 12-21-2020 06:36 PM
Quote:
Originally Posted by -King- (Post 15304758)
Moved most of my remaining crypto from bitcoin to ethereum a couple months ago. Of course bitcoin takes off while ethereum moves at a snail's pace. LMAO crypto makes zero sense.
Yeah ..... This was stupid as hell.


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