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Thread: Bitcoin

  1. #85

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    Default Re: Bitcoin

    Here is a contrarian view of Bitcoin:
    Three reasons to fear the coming crash in bitcoins - MarketWatch

    Bitcoin.jpg

    I really like the picture of the Bitcoin....where can I buy THAT?
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  2.  
  3. #86

    Default Re: Bitcoin

    Quote Originally Posted by dhstdog View Post
    When the government recognizes bitcoin as a form of currency the Fed will regulate it. It's in the statutes and that is what is scary? have a few gold coins, silver, bonds etc. this is no different but has mega potential. Just have to trust the miners and who you gonna call when a 12 year old Russsian hacker stills your precious coins? Credit cards hacked I can make a call etc. if they reach the max coins mined will there be a bitcoin 2.0? Maybe it's best to ask my 9 year old as these kids have it figured out. We have several bitcoin ATMs in our area.
    There's definitely big risks associated with it. There are already several other crypto currencies out there that could take over (Ethereum), plus there's a chance that bitcoin could split in two as two different ideas are being negotiated and they may end up making it two different versions. Either way the "experts" who are bullish on it are not too concerned. They are a lot smarter than me, and that one guy (Chamath Palihapitiya) in this video owns 100,000 coins in his funds. https://www.youtube.com/watch?v=B8MEiU4l_Co

    But, as with any investment, it couldn't have nearly tripled this year if there wasn't risk involved. That's one reason why I own less than 3 coins (2.3) and not 50.


    As for those physical coins, I don't even know if they exist, but they are cool.
    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.

  4.  
  5. #87

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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    .....As for those physical coins, I don't even know if they exist, but they are cool.
    Hey Tom, they DO exist. In many forms. Could even make your own TSPtalk bitcoins! See:
    http://www.coindesk.com/10-physical-...good-bad-ugly/

    Cool!
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  6.  
  7. #88

    Default Re: Bitcoin

    How high's the Bitcoin Mama?

    $2,500 and Rising!


  8.  
  9. #89

    Default Re: Bitcoin

    Quote Originally Posted by uscfanhawaii View Post
    Hey Tom, they DO exist. In many forms. Could even make your own TSPtalk bitcoins! See:
    10 Physical Bitcoins: The Good, The Bad and The Ugly

    Cool!
    i think that is a brilliant idea! tom could even issue real bitcoin to folks. say like if you have 25,000 tsptalk reputation points he could just dole out to that username 0.25 BTC.
    100g

  10.  
  11. #90

    Join Date
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    Default Re: Bitcoin

    Quote Originally Posted by burrocrat View Post
    i think that is a brilliant idea! tom could even issue real bitcoin to folks. say like if you have 25,000 tsptalk reputation points he could just dole out to that username 0.25 BTC.
    Too many folks gaming the 'reputation points' process...you know what I mean.
    [COLOR=#0000ff][FONT=comic sans ms][I]"In the land of idiots, the moron is King."--Unknown[/I][/FONT][/COLOR]


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  13. #91

    Default Re: Bitcoin

    For funzies, I just bought a bunch (20) of these. I assume there's more...

    https://www.amazon.com/Gold-Bitcoin-...ywords=bitcoin
    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.

  14.  
  15. #92

    Default Re: Bitcoin

    Fine Gold plated... copper at the core. Do I smell irony here?
    Quote Originally Posted by tsptalk View Post
    For funzies, I just bought a bunch (20) of these. I assume there's more...

    https://www.amazon.com/Gold-Bitcoin-...ywords=bitcoin
    Check out the TSP Poker Club stats: https://goo.gl/cUv6Yj
    Come join the fun: http://www.tsptalk.com/mb/the-lounge...oker-club.html

  16.  
  17. #93

    Default Re: Bitcoin

    Quote Originally Posted by k0nkuzh0n View Post
    Do I smell irony here?
    No, there's no iron in it.
    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.

  18.  
  19. #94

    Join Date
    Oct 2010
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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    For funzies, I just bought a bunch (20) of these. I assume there's more...

    https://www.amazon.com/Gold-Bitcoin-...ywords=bitcoin
    NICE!!
    I like that model the best. All silver with this model might be a good one too.
    There are 10 types of people in the world. Those who know binary, and those that don't!!
    Retired on December 31, 2018!!

  20.  
  21. #95

    Default Re: Bitcoin

    Scorching-Hot Bitcoin Drops $300 in an Hour- and Still Rises on the Day

    How red-hot is bitcoin? The digital currency dropped $300 in one hour this afternoon – and it was still up on the day. Why wasn’t it down on the day? Because it rose by more than $300 in the morning.

    Bitcoin is going through one of its moments. It has doubled just this month alone, with several different drivers all converging on what is still a relatively thin market. That sparked a scramble to buy that pushed up the price of not only bitcoin but virtually every digital currency.
    https://blogs.wsj.com/moneybeat/2017...es-on-the-day/
    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.

  22.  
  23. #96

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    Default Re: Bitcoin

    Quote Originally Posted by tsptalk View Post
    I haven't paid for anything myself yet. I'm more in the hording phase right now. But I know there are bitcoin ATM's out there (https://coinatmradar.com/) and multiplying and if I wanted to send anyone bitcoin, they need to have a wallet set up, in which case it would take seconds to make the transfer.

    As I mentioned in another post, I could set up bitcoin as a payment option here at TSP Talk, but there doesn't seem to be an interest yet. Soon, however.

    It's the blockchain technology that makes it so attractive. No more Visa / Amex fees, or Paypal fees to buy / sell something. Just person to person without a third party / bank in between. No checks clearing in 3 to 5 business days, etc. This is what is exciting the tech geeks.
    Each node (computer connected to the Bitcoin network using a client that performs the task of validating and relaying transactions) gets a copy of the blockchain, which gets downloaded automatically upon joining the Bitcoin network.

    Read more: Blockchain Definition | Investopedia Blockchain Definition | Investopedia
    Follow us: Investopedia on Facebook

    And that’s the question. Who owns “a client”? What is the “a client”? Who controls and manipulates “a client”? What actually is “a client”? Someone somewhere will be controlling this “client” and users will have no control. Who will patch this “client” as vulnerabilities come up and hacking takes place? The excited “tech geeks” envision a free open network but somewhere there has to be an interface with established money.

    But, I have a great idea for an experiment. I will attempt to open a wallet. I might need some help. Tom can send me, say, 300,000,000 bitcoin. If it works I promise I will send it back if I can do it from, say, Belize. If as the geeks say it is totally safe and bypasses the third parties, what is the worst thing that could happen?

    How would I go about getting my US.gov payments to go to my wallet? Who would be in charge of my wallet’s “client”? Me?

    Let’s give it a shot.

    PO

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