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Thread: Bitcoin

  1. #361

    Join Date
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    Default Re: Bitcoin

    Quote Originally Posted by bmneveu View Post
    I invested $150 in the cryptocurrency world on 27 November. I don't plan on taking it out anytime soon and I'm totally fine with considering that money gone. But there's that small chance that it turns into a fortune so I put my toe in the water. Water's warm so far.
    Same here. I’m going to dip my toes in the water after the first of the year with an amount I don’t mind waving goodbye to.

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  3. #362

    Default Re: Bitcoin

    Bitcoin: $17,100

    Litecoin: $378 (up 100% today)


    Ethereum: $634

    Where do you think we are on the Cycle of Emotion?


    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  5. Default Re: Bitcoin

    Sorry but they look like tokens for a carwash. Currency based on what? I'd rather buy tulips, at least the will grow.

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  7. #364

    Default Re: Bitcoin

    Quote Originally Posted by JimFromak View Post
    Sorry but they look like tokens for a carwash.
    It's worse than that (as far as your argument goes). They aren't physical coins. All digital.

    Those coins you see out there are just souvenirs, for lack of a better term. Owning them certainly takes a leap of faith that it turn into an actual currency, which is why it's so risky. But economist Paul Krugman once said of the internet that it will not have any more impact than the fax machine.

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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  9. #365

    Default Re: Bitcoin

    It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History

    It's Official: Bitcoin Surpasses "Tulip Mania", Is Now The Biggest Bubble In World History | Zero Hedge
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  10.  
  11. #366

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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    Bitcoin: $17,100

    Litecoin: $378 (up 100% today)


    Ethereum: $634

    Where do you think we are on the Cycle of Emotion?


    Somewhere between Excitement and Thrill.
    Of course you it could be argued that people are buying cryptos at the present levels out of Desperation because they Fear they'll miss the Thrill of the Euphoria.
    But, what do I know. I'll never invest more in cryptos than I'm willing to lose and not miss. Which ain't much.

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  13. #367

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    Default Re: Bitcoin

    Updated chart zooms in on the potential top being near $25,000? That would be quite the fireworks finale to finish out 2017.

    http://spiralcalendar.com/wp-content...7bitcpiral.jpg

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  15. #368

    Join Date
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    Boiled Peanut, Georgia, USA
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    Default Re: Bitcoin

    People Mortgaging Their Homes To Buy Bitcoin, Report Says

    December 12, 2017 at 11:32 am

    Video:

    According to reports, a number of investors looking to cash in on the soaring prices have resorted to putting their houses up as collateral to fund the venture.
    “We’ve seen mortgages being taken out to buy bitcoin. People do credit cards, equity lines,” Joseph Borg of North American Securities Administrators Association said, via Business Insider.
    The president of the securities firm added that he believes the risks outweigh the rewards tied to the popular cryptocurrency. “This is not something a guy who’s making $100,000 a year, who’s got a mortgage and two kids in college ought to be invested in.”

    People Mortgaging Their Homes To Buy Bitcoin, Report Says « CBS Dallas / Fort Worth



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  17. #369

    Default Re: Bitcoin

    Quote Originally Posted by JimFromak View Post
    Sorry but they look like tokens for a carwash. Currency based on what? I'd rather buy tulips, at least the will grow.
    Buy your tulips and mark this post and refer back in one year. We will take a picture of your tulips and I will take a picture of my Coinbase account. If your tulips were a better investment financially, I will buy you a dozen tulips. No need to bash something because you don't understand it. Research first and attempt to conduct some due diligence and then choose wisely. God Speed and good luck,


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  19. #370

    Default Re: Bitcoin

    OK, I am putting my bitcoin / coinbase affiliate ad back on the page. I had it posted several months ago and just 1 person took advantage. Of course bitcoin is up 400% since that person bought their bitcoin so kudos to whoever it was!

    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

  20.  
  21. #371

    Join Date
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    Default Re: Bitcoin

    Get rich schemes have a long history of >>>>>>>>>>>>>>>>>> what? Just asking.



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  23. #372

    Default Re: Bitcoin

    It's a no lose situation. Either bitcoin goes to $500K a coin within 3 years, or we get to watch John McAfee eat his private parts on national TV.


    (Google it if you don't know what I am talking about)
    Tom
    Market Commentary | My Blog | TSP Talk Plus | |

    I am not a Registered Investment Advisor and this is not investment advice. Please do your own due diligence.

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