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Thread: Bitcoin

  1. #133

    Join Date
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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    By the way, get yourself a hard wallet or at least one on your PC. That's what I have learned from my research. If you have your bitcoin stored (the addresses) it is more safe than storing it on a 3rd party service like coinbase. I use jaxx.
    Yep, agree, I didn't have that with Coinbase so basically told them to "fork-off" and sold. I sold my GBTC today too at a profit, just wanted to step aside until this BIP148 thing is history. Still holding the ethereum though.

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  3. #134

    Default Re: Bitcoin

    Bitcoin millionaire Erik Finman says going to college isn't worth it

    Erik Finman made a bet with his parents that if he turned 18 and was a millionaire, they wouldn't force him to go to college. Thanks to his savvy investments in bitcoin and the current all-time high valuation, he won't have to get his degree.
    "I can proudly say I made it, and I'm not going to college," Finman said.

    He currently owns 403 bitcoins, which at the current $2,700 a coin puts his bitcoin value at $1.09 million. He also has smaller investments in other cryptocurrencies, including litecoin and ethereum.
    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. #135

    Default Re: Bitcoin

    The first investor in Snapchat explains why the bitcoin rally is just getting started

    Risks of governments' falling and ongoing currency inflation around the world are driving people to cryptocurrency like bitcoin, according to Lightspeed Venture Partners partner Jeremy Liew.
    http://www.cnbc.com/2017/06/20/jerem...-continue.html
    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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  7. #136

    Default Re: Bitcoin

    Today, June 20, 2017 India made Bitcoin a legal currency out of the blue. https://cointelegraph.com/news/sudde...legal-in-india
    Australia is planning to do the same thing July 1. A
    nd we no Russia is planning to do it Jan, 1 2018.

    Also, it looks like segwit is going to keep the hard fork from happening. https://bitcoinmagazine.com/articles...bitcoin-whole/

    To say I am super bullish on Bitcoin would be an understatement.

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  9. #137

    Default Re: Bitcoin

    I went to Vegas and played in a couple WSOP events and plenty of the places accept bitcoin! ������

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  11. #138

    Default Re: Bitcoin

    Quote Originally Posted by dhstdog View Post
    I went to Vegas and played in a couple WSOP events and plenty of the places accept bitcoin! 👍👍👍
    Now that's what I like to hear!

    Imagine when WalMart starts taking it......and they will.

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  13. #139

    Default Re: Bitcoin

    Blockchain bitcoin wallet start-up raises $40 million from Google, billionaire Richard Branson

    - Blockchain, a bitcoin wallet start-up, raised $40 million in funding.- The financing round was led by venture capital firm Lakestar and GV, Google's investment arm, and included billionaire Richard Branson.
    - Blockchain will use the money to expand into new territories.

    http://www.cnbc.com/2017/06/22/bitco...d-branson.html
    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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  15. #140

    Default Re: Bitcoin

    Bitcoin is tumbling - Business Insider

    all your bitcoin are belong to us.
    100g

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  17. #141

    Default Re: Bitcoin

    That "fork" that Tsunami mentioned, which happens on Aug 1, is scaring some folks out, and maybe rightly so as there is a lot of profits to take.

    But if you put things in perspective, I see Ethereum, currently $250, was under $100 when you first posted in this thread in early May, and bitcoin, currently $2450, was about $1500.

    I actually bought a little more of each earlier today. Got Ethereum for $226 and bitcoin at $2389....
    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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  19. #142

    Default Re: Bitcoin

    Quote Originally Posted by burrocrat View Post
    It's a rough start to the week for bitcoin. The cryptocurrency trades down 10.11% on Monday, at $2,275 a coin, a one-week low.
    The action seems to be a continuation of the selling that developed on Wednesday, when rival Ethereum flash-crashed from $296 to 10 cents before recovering its losses.
    Like a bad penny, they keep coming back...

    Bitcoin $2,556.22

    Ethereum $315.36
    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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  21. #143

    Join Date
    Oct 2004
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    Default Re: Bitcoin

    https://www.congress.gov/bill/115th-...bill/1241/text

    Be aware that crypto currencies are now being targeted (among other things) by certain Senators under the guise of combating money laundering, terrorist financing, and counterfeiting. In effect, this bill authorizes civil asset forfeiture (legal theft) by the Government of your assets, which could include crypto currencies if this bill passes. This bill was just introduced recently.


    Civil Asset Forfeiture - Ruining Lives, While Failing To Stop Crime | Zero Hedge

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  23. #144

    Default Re: Bitcoin

    OK, I did what I said I would not do, but I did some thinking. I'm owned a few bitcoin at an average price of $1157. I am watching this series of lower highs developing so today I sold all my "coins" near $2500. I understand the tax implications, but I am a trader at heart and I know the deal. So, I plan to do a little more trading with it.

    If it can break the current downtrend I may bite the bullet and buy it at a higher price, but one thing I have noticed since I have owned it is that the folks who are in bitcoin tend to be unsophisticated market timers, and thus very predictable. I think that sets up some potential good trading opportunities - that and the wide swings it obviously has.

    The biggest drawback is the large slippage I noticed (price you get vs. what you you see as a quote before you hit that button), plus the 1.49% fee that coinbase takes on the transaction. That makes it very difficult. If it was not for the 10% to 20% and higher swings, this would be a deal breaker.
    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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