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

BossChief 06-17-2017 11:34 AM

Litecoin at 46 now.

Still rising

BlackHelicopters 06-17-2017 11:55 AM

I have read so much about bit coin. I still am lost. Can someone explain it to me that I might understand. Thank you.

Demonpenz 06-17-2017 11:57 AM

In short you download coinbase and invest your money on that investment there is a 4 dollar trade fee with another fee tacked on top of that. You watch your money dwindle down until finally it is so low you forget about it. Then someone deletes your account.

Halfcan 06-17-2017 12:45 PM

Now offering, Halfcancoin at $100.00 per share.

Each purchase comes with a certificate of authenticity and a free simulated leather wallet to store your certificates. Act now!! Supplies are limited to the first 100,000 customers. Operators are standing by...... Hurry! BUY NOW!!!!!!!!


























Fine print.

Halfcancoin is not backed by a sovereign government, Gold, Silver, precious metals, or anything of value. It cannot be used to purchase anything.

Jewish Rabbi 06-17-2017 01:07 PM

Quote:

Originally Posted by theelusiveeightrop (Post 12920602)
I have read so much about bit coin. I still am lost. Can someone explain it to me that I might understand. Thank you.

What do you not understand?

lewdog 06-17-2017 01:15 PM

Quote:

Originally Posted by Halfcan (Post 12920627)
Now offering, Halfcancoin at $100.00 per share.

Each purchase comes with a certificate of authenticity and a free simulated leather wallet to store your certificates. Act now!! Supplies are limited to the first 100,000 customers. Operators are standing by...... Hurry! BUY NOW!!!!!!!!


























Fine print.

Halfcancoin is not backed by a sovereign government, Gold, Silver, precious metals, or anything of value. It cannot be used to purchase anything.

ROFL

TambaBerry 06-17-2017 01:19 PM

Laugh at it all you want but I put two grand into ethereum and it's worth almost ten Grand now

lewdog 06-17-2017 01:24 PM

Quote:

Originally Posted by TambaBerry (Post 12920656)
Laugh at it all you want but I put two grand into ethereum and it's worth almost ten Grand now

Have you sold any to make any realized gains?

TambaBerry 06-17-2017 01:43 PM

Quote:

Originally Posted by lewdog (Post 12920660)
Have you sold any to make any realized gains?

Why would I sell? Ethereum is going to pass Bitcoin at some point

Jewish Rabbi 06-17-2017 01:47 PM

It's easier to just ignore the trolls, Tamba.

lewdog 06-17-2017 02:41 PM

Quote:

Originally Posted by TambaBerry (Post 12920680)
Why would I sell? Ethereum is going to pass Bitcoin at some point

100% fact huh? That's how people lose lots of money in the market. You're simply speculating. No one can predict markets/investments.

If you understood risk/loss, I'd sell about $3000 of your current position. This leaves you $1k profit regardless of what happens after. Essentially playing with house money the rest of the way.

Sounds like you bought at a great time. But for you to no doubt think your position will only further increase, is a dangerous line of thinking.

TambaBerry 06-17-2017 02:56 PM

Quote:

Originally Posted by lewdog (Post 12920718)
100% fact huh? That's how people lose lots of money in the market. You're simply speculating. No one can predict markets/investments.

If you understood risk/loss, I'd sell about $3000 of your current position. This leaves you $1k profit regardless of what happens after. Essentially playing with house money the rest of the way.

Sounds like you bought at a great time. But for you to no doubt think your position will only further increase, is a dangerous line of thinking.

Oh I completely agree, I understand that it's a high risk high reward thing. I only put money in that I told myself I would be comfortable losing all of it.

TambaBerry 06-17-2017 02:58 PM

The only money I put into crypto currency I tell myself I'm ok if I lose it.

lewdog 06-17-2017 03:39 PM

Quote:

Originally Posted by TambaBerry (Post 12920731)
The only money I put into crypto currency I tell myself I'm ok if I lose it.

Well I'm ok with that. I similarly do own some penny stocks and said the same thing.

You're on an interesting ride, that's for sure!

BWillie 06-17-2017 04:14 PM

What do you guys think about Yobit trading site? Dont really like the format of bittrex and i have coinbase but dont want to use it unless I have to. I have routinely cashed out thru coinbase tifo my bank acct if i dont find someome on local bitcoins. Mainly looking for the most user friendly and secure trading site for other than bitcoin like dash eth pivx and others


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