Bitcoin or bitecoin

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Re: Bitcoin or bitecoin

Post by navigator »

I'm selling "Navcoins", PM me for details.
Send your money to me, my Lamborghini needs a tune up.

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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

Well, I thought for $1.99 how could I go wrong? :OhNo;
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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

navigator wrote:I'm selling "Navcoins", PM me for details.
Send your money to me, my Lamborghini needs a tune up.
:funnylast: This whole "internet" thing is a fad. :bonk:
BlacktopTravelr wrote:Well, I thought for $1.99 how could I go wrong? :OhNo;
My dollar gave birth to a quarter overnight.
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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

Well, since I haven't bought anything yet it hasn't cost me anything. So even if I was suckered into getting my wallet set up it hasn't cost me any money. :OhNo;
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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

BlacktopTravelr wrote:Well, since I haven't bought anything yet it hasn't cost me anything. So even if I was suckered into getting my wallet set up it hasn't cost me any money. :OhNo;
There's about an 8 day period after you buy before it's available. So you can't buy and sell them back the same day or anything. The values go up and down so wildly right now that by the time it gets to me it could only be worth 50 cents or it could be $5, "The only people who get hurt on a roller coaster are the ones who jump off" -Dave Ramsey. :HatTip: I'll hold onto it for a while, I'm ok with putting a grand on it and seeing what it does. I'd like to put $3K, but by the time I came up with the extra money idk if it'd be worth it anymore.
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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

BlacktopTravelr wrote:Ok, I have also went in and set up my wallet, but I don't see where I can buy anything for $1.99. I did see where I can buy a Litecoin $92.24.
I just clicked on 'buy bitcoin' there's a sliding scale of how much you want to purchase. You can't buy an entire coin. There is a $1.00 minimum with a 99 cent fee attached and a $1,000 daily maximum with a 1.49% fee
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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

I didn't or rather don't see that sliding scale. :bang:

Damn internet BS it deleted my reply post. :bonk: Here we go again writing the same thing again. My idea when I got into this was to buy a piece of a bitcoin and hold on to it hoping it would go up in value, sort of an investment thing. So it looks like Dec. will be a hock/pawn the silver month. :OhNo;
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Re: Bitcoin or bitecoin

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[space]
Tulip mania, circa 1636. At least you could smell them... :tongue:

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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

BlacktopTravelr wrote:I didn't or rather don't see that sliding scale. :bang:

Damn internet BS it deleted my reply post. :bonk: Here we go again writing the same thing again. My idea when I got into this was to buy a piece of a bitcoin and hold on to it hoping it would go up in value, sort of an investment thing. So it looks like Dec. will be a hock/pawn the silver month. :OhNo;
there's a buy/sell button near the top of the page. after you click it there is a space that says "Amount" and a box with 0.00 USD you put in a dollar amount there and it converts to how many bitcoins you get in the box that says 0.00 BTC
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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

Ok, when I click on the buy button I am sent to a page that has three different types of coins for sale and their values and none of them sell for less that $93. :bang:

You know, I'm kind of wondering just who the hell I'm going to sell this coin to and how when the value of it does go up. I'm still looking for a way to buy part of one for a dollar. :bonk:
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Re: Bitcoin or bitecoin

Post by jonnycando »

BlacktopTravelr wrote:Ok, when I click on the buy button I am sent to a page that has three different types of coins for sale and their values and none of them sell for less that $93. :bang:

You know, I'm kind of wondering just who the hell I'm going to sell this coin to and how when the value of it does go up. I'm still looking for a way to buy part of one for a dollar. :bonk:
If you have only fractions of a coin, you can still sell, because when you click the sell button, your portion is mixed with other sellers portions until it meets the requirement of the buyer who is next in line. You will see the value of your sale when you hit the sell button, and if you think you'd rather hold on a while you can back out before you commit to the sale. I warn you this will be iike stocks and bonds only way more volatile. But smart money says buy and hold. And for sure if it crashes.....BUY MORE! That's how I have handled my 401k, and in 20 years of contributions I have quintupled the value of my company shares by holding on when the price is high and going on a spending spree when it's low. I have other shares and funds for balance but I am leveraging my company shares to give me a nice retirement.

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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

jonny, I have no problem with using it as an investment, I have a problem understanding why anyone would want to buy something that does not exist? :bonk: Especially when the price gets as high as a Bitcoin is right now (over $9,000) and will go higher. Then you add in the fact that the people involved in this Bitcoin thing wants to make this the money of the future. Oh, I can understand that... I mean if I had a fortune in Bitcoins you can bet I would want the world to switch over to using cryptomoney too. But I want something I can hold in my hands like gold or silver. Especially since I see bad times ahead for the US and the US economy. For now I'll just see if I can use it for some type of investment and see where that goes. :blink: [space] :XmasTree:

edit: And with those bad times will come a time when the internet will be frozen or shut down completely by the government or some other country and there goes my Bitcoins. :blink:
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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

BlacktopTravelr wrote:jonny, I have no problem with using it as an investment, I have a problem understanding why anyone would want to buy something that does not exist? :bonk: Especially when the price gets as high as a Bitcoin is right now (over $9,000) and will go higher. Then you add in the fact that the people involved in this Bitcoin thing wants to make this the money of the future. Oh, I can understand that... I mean if I had a fortune in Bitcoins you can bet I would want the world to switch over to using cryptomoney too. But I want something I can hold in my hands like gold or silver. Especially since I see bad times ahead for the US and the US economy. For now I'll just see if I can use it for some type of investment and see where that goes. :blink: [space] :XmasTree:

edit: And with those bad times will come a time when the internet will be frozen or shut down completely by the government or some other country and there goes my Bitcoins. :blink:
:hat: If the internet shuts down your bitcoins will be the least of your worries!

That's why I have a bike that still runs carbs :rag: can't trust them new-fangled computers!

As long as I can put gas in my tank and get wind in my hair I don't give a d@mn what they do for money. :putput:

Maybe kind of backwards way to go about things for me, I don't have anything riskier than a savings account right now. I don't even mess around with anything more dangerous than the nickle slots at the casinos, and I haven't been to one of them since February 2000. It's a gamble, but it's a calculated risk and a pretty safe bet right now. I understand it well enough to use it. Might muck around and sign up for that free online course Princeton is offering on it. Have to get authorization from the wife to make time to actually go through it though :OhNo;
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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

All I see in the Bitcoin is an investment and a risky one at that, but on the other hand the price for the Litecoin I was going to try and buy has gone up from $92.24 to $99.53 in just the last couple of days. :bang: I'm having hell confining my ID as they want a pic which I can give them but then they want me to turn on my webcam to compare it to and I don't have a webcam. :bonk: So I can't go to the page where I can buy anything. :lolfall:
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Re: Bitcoin or bitecoin

Post by Prodigal_Sun »

BlacktopTravelr wrote:All I see in the Bitcoin is an investment and a risky one at that, but on the other hand the price for the Litecoin I was going to try and buy has gone up from $92.24 to $99.53 in just the last couple of days. :bang: I'm having hell confining my ID as they want a pic which I can give them but then they want me to turn on my webcam to compare it to and I don't have a webcam. :bonk: So I can't go to the page where I can buy anything. :lolfall:
The bitcoin went from 9,500 when I bought it to over 11,500 early today, back down to about 9,100 currently :lmao: volatile as f@%k ;IDunno: we'll see what it does. worst case right now I lose my dollar boo hoo lol
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Some of my best stupidity is largely self-inflicted. :roll:
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Re: Bitcoin or bitecoin

Post by BlacktopTravelr »

Prodigal_Sun wrote: The bitcoin went from 9,500 when I bought it to over 11,500 early today, back down to about 9,100 currently :lmao: volatile as f@%k ;IDunno: we'll see what it does. worst case right now I lose my dollar boo hoo lol
So if the price goes below a dollar are they going to make you pay more? :OhNo; You see that is another thing about having "real" money and/or silver. No matter what you will still have something to hold on to. :blink:
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Re: Bitcoin or bitecoin

Post by HARRIS »

" A FOOL AND HIS MONEY ARE EASILY PARTED " SAID SOMEONE A LONG TIME AGO. IT'S STILL TRUE !
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Re: Bitcoin or bitecoin

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tabasco wrote:My sons were telling me about this. Sounds like something you'd play around with money you had that could afford to lose.


:rock: :funnylast: :rock: :bang: :bang: :bang:




:lmao: :lmao: :lmao:
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Re: Bitcoin or bitecoin

Post by Suzuki Johnny »

This reminds me of the "Purchase a Pet Rock" phase......forget the year but I know several people who paid hefty for a dumb rock..
Wonder how much they are worth nowadays?
duc, sequere, aut de via decede
"frapper fort, frapper vite, frappée souvent-- Adm William "Bull" Halsey
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Re: Bitcoin or bitecoin

Post by RoadKing »

Cuban wrote:[space]
Tulip mania, circa 1636. At least you could smell them... :tongue:
At least tulip mania was backed by something... the tulip! Bitcoin is nothing but code, not even a coin, and backed by nothing. I see it as a computer based pyramid scam.

Now, if you had 1K to invest and over night made 400 dollars, big whoop. A short term gain that may or may not happen so why bother? Long term investment? I wouldn’t touch it.

Now, I suggested the possibility that bitcoin could be a tool for China to wreck the US Dollar and in doing so control world economy, take that thought and run with it and see where it takes you. Only response I got was to see our currency v China currency and that is not at all what I’m saying nor do I see our debt to China as a factor. Rather than reject this thought out of hand, grab it and search the possibilities. I’m not predicting anything, but I do see this as a very real contingency nor am I the only one. Remember, the bitcoin is a computer generated code, nothing more, which means a whole lot of dollars possibly being invested into a huge digital black hole. Clue? Think hack.
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