Electric Chicken
Well-Known Member
My lint is way higher than that.
Bitcoin
- Thread starter Blood
- Start date
Rigjockey
In Gord we trust!
The Winklevoss twins are now Bitcoin billionaires
The winklevoss twins sued Mark Zuckerberg over propriety rights for facebook. As seen in the movie the Social network,
The twins invested in Bitcoin and are now billionaires.
Not that they were hurtin' for money in the first place.
The winklevoss twins sued Mark Zuckerberg over propriety rights for facebook. As seen in the movie the Social network,
The twins invested in Bitcoin and are now billionaires.
Not that they were hurtin' for money in the first place.
Rigjockey
In Gord we trust!
Bitcoin took a big dive last night. IMO. That was to be expected. I just wonder who are those that jumped out at 17,000?
It is fluctuating now as one would expect. Up and down like a whores panties on payday. LOL
I see a lot of post in the comments section on articles about Bitcoin saying it is a Ponzi scheme. Either they do not understand Bitcoin and or they clearly do not know what a ponzi scheme is. It is the new buzzword ever since Burnie Mad(e)off with peoples money.
A Fonzi scheme..Ahhhhh
( I stole that from Modern Family)
It is fluctuating now as one would expect. Up and down like a whores panties on payday. LOL
I see a lot of post in the comments section on articles about Bitcoin saying it is a Ponzi scheme. Either they do not understand Bitcoin and or they clearly do not know what a ponzi scheme is. It is the new buzzword ever since Burnie Mad(e)off with peoples money.
A Fonzi scheme..Ahhhhh
( I stole that from Modern Family)
ironpony
Professional Pot-Stirrer
The term is pump 'n dump.Bitcoin took a big dive last night. IMO. That was to be expected. I just wonder who are those that jumped out at 17,000?
It is fluctuating now as one would expect. Up and down like a *****s panties on payday. LOL
I see a lot of post in the comments section on articles about Bitcoin saying it is a Ponzi scheme. Either they do not understand Bitcoin and or they clearly do not know what a ponzi scheme is. It is the new buzzword ever since Burnie Mad(e)off with peoples money.
A Fonzi scheme..Ahhhhh
Rigjockey
In Gord we trust!
No. It is not a dating site, Like plenty o fish
Attachments
One of the problems with bitcoin is that there will be some kind of crypto currency but which oneI was kind of surprised but not really. I thought after bitcoin started trading on the Nasdaq futures market it would really take off. It didn't.
Most experts said it would kind of reign it in a bit.
It kind of just stayed in the same area for the most part.Meh.
Rigjockey
In Gord we trust!
This is very true. If I make anything off of this I plan on investing in Ethereum. I think it is the next up and comer.One of the problems with bitcoin is that there will be some kind of crypto currency but which one
if you own a roku there's a channel dedicated to bitcoin
dave350
Well-Known Member
One of the problems with bitcoin is that there will be some kind of crypto currency but which one
The federal reserve is working on a digital currency as well as other central banks around the world. I heard a blurb on Bloomberg the other day that the Senate has been discussing making Bitcoin and others like it illegal. Central banks aren’t going to allow competing currency’s. Governments survive on inflationary monetary policies so they will not stand for competition.
Rigjockey
In Gord we trust!
Wow. i can't imagine anyone being that interested in Bitcoin to need the all Bitcoin all day channel
I check it in the morning and then in the afternoon if I have time. It goes up and then it goes back down and then get this, It goes up and then it goes back down.
Rigjockey
In Gord we trust!
China has banned the Bitcoin and it took a dive for about a minute.
Cryptocurrency does have the potential to disrupt the central banks. I hardly think it is an actual threat yet.
Just on a side note. I hear people say, What makes the Bitcoin have any value, it is not backed by anything?
What make the dollar bill in your pocket worth anything, It is not backed by anything? It is not backed up by gold anymore. It is simply a Fiat currency.
Like I say I am not a balls to the wall believer that this Bitcoin thing will pan out. I am just gambling here for some fun.
ironpony
Professional Pot-Stirrer
A US dollar is backed by "the full faith of the US government." As long as the government meets its debt obligations (financed by treasury bonds,) and the rest of the world continues to accept that US debt obligations will be faithfully redeemed, the dollar has value. That value is set against other currencies and is regulated by the Federal Reserve Board - which acts as the central bank of the US. The world has do much faith in the stability of the US dollar, that it is the preferred reserve currency of the rest of the world.
On the other hand, bitcoin only has value as long as there is some other mook willing to buy it from you at the price specified at the moment of the transaction. Its an unregulated security... so if you get screwed, its your problem.
Rigjockey
In Gord we trust!
The same can be said about any dollar, It is only worth anything if people are willing to accept it and use it, Otherwise it is worthless.
Like if you were in Canada and a store refused to accept your greenback ( and some do) That piece of paper is completely worthless.
dave350
Well-Known Member
It’s not. And that’s why govts aren’t moving in yet.
It’s not worth anything at all. You’re correct. But central banks have a monopoly on currency for a reason, so they can inflate. They’re not going to tolerate competition. They do what they can to squash gold standard advocates. Don’t misunderstand me, I’m for competing currency’s. I think central banks are the largest of our problems.
I understand and I’m not criticizing your decision. I hope you make a ton of money and I’ll be the first to borrow some. Ask @Blood.
I listen to the coverage during the day, it’s pretty interesting.
Rigjockey
In Gord we trust!
Is that correct or was it one woman who was arrested for trying to send ISIS Bitcoin?
I dunno, I heard something briefly about ISIS, and bitcoin, and money laundering, so I just ran to this thread to condemn all you criminals!
Rigjockey
In Gord we trust!
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