Thread: Bitcoin

OK. I am sure someone on this MB can answer that. How about that test?

I'm not smart enough to answer that, but this is from the article you sent.

BREAKING DOWN 'SegWit (Segregated Witness)'The bitcoin blockchain consists of multiple systems distributed across a peer-to-peer network. These systems are called nodes and serve as the administrators of Bitcoin transactions. All transactions made in Bitcoin are duplicated across these nodes, making it virtually impossible to hack into and corrupt a transaction.

Or you can ask some of the merchants who now accept it including Microsoft, Bloomberg, Subway, Dell, Whole Foods, to name a few.

https://99bitcoins.com/who-accepts-b...take-bitcoins/


I'll sent the 300,000,000 bitcoin to you as soon as they're mined. There's only about 16M bitcoin in circulation now and it won't reach it's maximum (21M) for another 100 years. So you may have to wait a while.

Originally Posted by tsptalk

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

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

When you get them in, you'll have to let us know if they look as good as they do in the picture!

Maybe compare them to your TSPtalk 'rounds' in shininess and detail. Being gold plated, I would guess that the detail would not be as good.

I certainly wouldn't call it a bargain since it is still up over 50% for the month, but bitcoin has fallen from its frenzy high this week of about $2800, down near $1900 this morning (currently back up to $2130.)



I have to admit that I nearly pulled the trigger to sell most of mine when it hit $2700 (I'm in under $1000), but I talked myself out of it. I told myself when I bought that I was going to be in this for the long-term, which is not my investment / trading nature, and so I fought the urge to take profits and try to buy it back cheaper. Yup, that would have worked, but I'm glad I stuck with my plan (psychologically, not monetarily).

Anyway, to occupy my mind I ended up buying a couple of Ethereum ($155), which is cheap by comparison and also down about 25% from its recent high. Etherium is different than bitcoin in many ways, but it is a crypto currency that has potential as well.

By the way, if any of you have been considering but haven't pulled the trigger yet, did you know that you don't have to buy a full coin? You can buy a dollar amount of bitcoin, $100 worth for example, and then you would just own a fraction of a bitcoin (0.04865885 depending on the current price).

Have a great weekend!

I use coin base as my wallet and love their trading platform GDAX.

Originally Posted by uscfanhawaii

When you get them in, you'll have to let us know if they look as good as they do in the picture!

Maybe compare them to your TSPtalk 'rounds' in shininess and detail. Being gold plated, I would guess that the detail would not be as good.

Pretty shiny...

Bitcoin is outperforming major assets but hedge funds are still staying away from the cryptocurrency

One hedge fund veteran told CNBC that the industry doesn't "know enough about it".

http://finance.yahoo.com/r/f3238d4f-...ahoo&.tsrc=rss

Originally Posted by tsptalk

I certainly wouldn't call it a bargain since it is still up over 50% for the month, but bitcoin has fallen from its frenzy high this week of about $2800, down near $1900 this morning (currently back up to $2130.)

Yawn... New highs: $2,834

$2940 this morning and climbing. When $3,000 hits I believe the panic buying will start as those on the sidelines don't wan't to be left out.
It will be interesting to see what the IRS tells Congress tomorrow and what, if any short term effect it will have on Bitcoin.

The IRS is Due to Present its Digital Currency Strategy to Congress Next Week - CoinDesk

Originally Posted by 1965Vintage

The only stock I could find that looks worth buying is GAHC. Anyone interested in this technology may want to do some DD on GAHC. I bought a small amount to hold long term. I think it has huge potential.
Anyway. Im not pumping here. lol Just wanted to share my find.

I assume you still own it? Nice!

Originally Posted by tsptalk

I assume you still own it? Nice!

I'm afraid I sold it right before the big run up. I made a profit on it, but nothing like I could have. I will be watching GAHC for a pullback and consolidation. I really had bad timing with that one! lol