Bitcoin

#301
#301
Im.see where it recommends that you store your main wallet with most of your funds on an offline computer or drive, and only send money to another wallet to make payments out of.

Is a thumb drive acceptable for storage?
 
#302
#302
buckfama said:
Question guys.. is there a website that can give someone with limited knowledge, a basic course on how and where to invest? I have done some research but it seems lacking in "how to" and more of either "it's great" or "it sucks".

I might want to start investing small amou re and see how it goes.
Click to expand...

If you mean investing in general:
Mötley Fool
Investopedia
Yahoo Finance
Broker websites... Schwab, Ameritrade, Vanguard, Fidelity
Fortune.com
Money week
CNBC.com
Fox Business News
Bloomberg

If you mean Bitcoin/Blockchain... Google
 
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#303
#303
buckfama said:
Question guys.. is there a website that can give someone with limited knowledge, a basic course on how and where to invest? I have done some research but it seems lacking in "how to" and more of either "it's great" or "it sucks".

I might want to start investing small amou re and see how it goes.
Click to expand...

Udemy.com
 
#304
#304
Thunder Good-Oil said:
If you mean investing in general:
Mötley Fool
Investopedia
Yahoo Finance
Broker websites... Schwab, Ameritrade, Vanguard, Fidelity
Fortune.com
Money week
CNBC.com
Fox Business News
Bloomberg

If you mean Bitcoin/Blockchain... Google
Click to expand...

I could have been a little more clear in what in was trying to say.

Buying bitcoin as an investment.
 
#306
#306
TGO or SWIL,

I'm not in this space per se, but what's your take on the recent regulatory stance regarding bitcoin and other crypto currencies? China, South Korea and our own SEC and FTC weighing in... usually creates a domino effect, in this case probably into payment platform space is one guess. Thoughts?
 
#307
#307
Vol737 said:
TGO or SWIL,

I'm not in this space per se, but what's your take on the recent regulatory stance regarding bitcoin and other crypto currencies? China, South Korea and our own SEC and FTC weighing in... usually creates a domino effect, in this case probably into payment platform space is one guess. Thoughts?
Click to expand...

I'm not following it real closely. I'm still trying to understand the details of crypto currencies. But it seems like the SEC shouldn't be able to touch the actual currencies, only publicly traded derivatives. I don't even know if they would/should have much authority over the business of the companies that are involved in the space. But the heavily regulated industries like banking, insurance, and brokerages could be penalized by some arm(s) of governments for being involved or for promoting the concept.

I suppose that the FTC and other countries can disrupt the concept and will try hard to do just that (regulation being included as disrupting). It's a slippery slope. Governments lose a great deal of power, influence, and control with the expansion of crypto. Financial anarchy could be coming.
 
#308
#308
Thunder Good-Oil said:
Now companies are putting "Block Chain" in their names. It didn't end well for people that bought "dot com" names about 20 years ago.
Click to expand...

That’s weird since blockchain is a technology. You are seeing people in the financial sector buying blockchain patents left and right. IBM is a big one
 
#309
#309
roosterjbh said:
That’s weird since blockchain is a technology. You are seeing people in the financial sector buying blockchain patents left and right. IBM is a big one
Click to expand...


The theory seems to be that a decentralized record keeping system makes the crypto less susceptible to fraud.

But doesn't that make it much more susceptible to manipulation, see e.g. the theft of bitcoin from one of the main holders a month ago.
 
#310
#310
lawgator1 said:
The theory seems to be that a decentralized record keeping system makes the crypto less susceptible to fraud.

But doesn't that make it much more susceptible to manipulation, see e.g. the theft of bitcoin from one of the main holders a month ago.
Click to expand...

And apparently, as one report just stated, 80% of bitcoin market share is controlled by China. Where the Chinese are involved, yeah, I'd say really good chance of manipulation.

Bitcoin price: China trying to RESET and take control of blockchain | City & Business | Finance | Express.co.uk

Bitcoin Mining Firm Bitmain Made $3 to $4 Billion in 2017 Profits | Fortune

Endless articles like this on the google search I did. Still trying to wrap my mind around all this.
 
#311
#311
lawgator1 said:
The theory seems to be that a decentralized record keeping system makes the crypto less susceptible to fraud.

But doesn't that make it much more susceptible to manipulation, see e.g. the theft of bitcoin from one of the main holders a month ago.
Click to expand...

I’m not sure how it would be more susceptible to cyber attacks/fraud when compared to a centralized database as blockchain is basically just a distributed ledger that time stamps and blocks each individual transaction. You’ll have to explain to me the case of the bitcoin stuff, however I think you need to seperate blockchain from cryptocurrency. Blockchain is basically like a computer language
 
#314
#314
golfballs said:
Bill Gates: cryptocurrencies have 'caused deaths in a fairly direct way' | Technology | The Guardian
Click to expand...

This is textbook FUD. Using Gates' logic, you should never invest in companies like Lockheed Martin because people in an even more direct way die from their weapons systems. Globalists are upset that they can't manipulate the market in the same way that they can manipulate traditional financial exchanges through setting up massive buy/sell orders that will in effect trigger stops upwards and downwards, and effectively reset the bid:ask spreads. These elites hate the fact that the only entry point into crypto are the same exchanges us regular people use, and they don't have the special institutional status that they have on tradtional regulated markets.

The CBOE and the Bitcoin futures market is the one tool that they do have at their disposal at the moment. Bitcoin is great, but when the flippening eventually happens and the crypto market is just as, if not more, influced by Ethereum, we will see a more transparent and democratized crypto eco-system.
 
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#315
#315
GoVolsDR said:
This is textbook FUD. Using Gates' logic, you should never invest in companies like Lockheed Martin because people in an even more direct way die from their weapons systems. Globalists are upset that they can't manipulate the market in the same way that they can manipulate traditional financial exchanges through setting up massive buy/sell orders that will in effect trigger stops upwards and downwards, and effectively reset the bid:ask spreads. These elites hate the fact that the only entry point into crypto are the same exchanges us regular people use, and they don't have the special institutional status that they have on tradtional regulated markets.

The CBOE and the Bitcoin futures market is the one tool that they do have at their disposal at the moment. Bitcoin is great, but when the flippening eventually happens and the crypto market is just as, if not more, influced by Ethereum, we will see a more transparent and democratized crypto eco-system.
Click to expand...
How much 'money' was 'lost' in the 50% collapse from the highs of Bitcoin has there been? That crap is toxic waste. It might very well become a legitimate currency someday, but for right now and the foreseeable future, I'd just as soon buy into buggy whips.
 
#316
#316
Cash has caused more deaths than all cryptos combined. More terrorists have used cash. More drug dealers...

The establishment is scared to death of crypto.
 
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#317
#317
Orange_Crush said:
Cash has caused more deaths than all cryptos combined. More terrorists have used cash. More drug dealers...

The establishment is scared to death of crypto.
Click to expand...
While you might be right that the establishment is afraid of it, that won't make it tangible and mainstream. Quite the opposite actually. For awhile. It very well might trend towards mainstream acceptability, but it will take awhile.
 
#318
#318
SpaceCoastVol said:
While you might be right that the establishment is afraid of it, that won't make it tangible and mainstream. Quite the opposite actually. For awhile. It very well might trend towards mainstream acceptability, but it will take awhile.
Click to expand...

I'm not speaking to mainstream acceptability. I'm merely speaking to establishment fears. The Fed runs things. They get rich by charging us interest in exchange for creating our currency on our behalf.

When we citizens realize we're being railroaded, and that we don't need banks anymore...

They're done.
 
#319
#319
Orange_Crush said:
I'm not speaking to mainstream acceptability. I'm merely speaking to establishment fears. The Fed runs things. They get rich by charging us interest in exchange for creating our currency on our behalf.

When we citizens realize we're being railroaded, and that we don't need banks anymore...

They're done.
Click to expand...
I am not getting your point then, because you refer to the citizens realizing that the fed is railroading us (which I happen to agree with) will be the end of the Fed, yet say you are not talking about mainstream acceptability.
 
#320
#320
SpaceCoastVol said:
I am not getting your point then, because you refer to the citizens realizing that the fed is railroading us (which I happen to agree with) will be the end of the Fed, yet say you are not talking about mainstream acceptability.
Click to expand...

My bad. Good point. By "mainstream acceptability" I thought you were talking about "the man" accepting it and supporting it.

I believe as far as "mainstream" (average Joe) acceptance... They used to say that that there dubya dubya dubya (web) would never be accepted by mainstream as well. I remember the day that online financial transactions were highly resisted b/c using credit card information in the web was seen as so dangerous.

I believe there is the potential for block chain technology to be rapidly and fully accepted, and for it to revolutionize culture.

JMHO. YMMV.
 
#321
#321
Microsoft co-founder Bill Gates said Monday he would bet against bitcoin if he could.

"As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment," Gates said on CNBC's "Squawk Box."

"I agree I would short it if there was an easy way to do it," he said.


When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment.

That's because it lacks intrinsic value, Buffett says.

"If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett says in an interview with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more.



"You aren't investing when you do that, you're speculating."

"f you ban trading in ... bitcoin, which nobody knows exactly what it is, people would say, 'Well why in the world would I buy it?'"

"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett told CNBC in January. "When it happens or how or anything else, I don't know."
 
#322
#322
Franklin Pierce said:
Microsoft co-founder Bill Gates said Monday he would bet against bitcoin if he could.

"As an asset class, you're not producing anything and so you shouldn't expect it to go up. It's kind of a pure 'greater fool theory' type of investment," Gates said on CNBC's "Squawk Box."

"I agree I would short it if there was an easy way to do it," he said.


When it comes to bitcoin, billionaire investor Warren Buffett wants to make one thing clear: Unlike buying stocks, bonds or real estate, buying bitcoin is not an investment.

That's because it lacks intrinsic value, Buffett says.

"If you buy something like bitcoin or some cryptocurrency, you don't have anything that is producing anything," Buffett says in an interview with Yahoo Finance. "You're just hoping the next guy pays more. And you only feel you'll find the next guy to pay more if he thinks he's going to find someone that's going to pay more.



"You aren't investing when you do that, you're speculating."

"f you ban trading in ... bitcoin, which nobody knows exactly what it is, people would say, 'Well why in the world would I buy it?'"

"In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett told CNBC in January. "When it happens or how or anything else, I don't know."
Click to expand...


What's the US Dollar based on, besides promises and confidence?
 
#323
#323
Orange_Crush said:
Cash has caused more deaths than all cryptos combined. More terrorists have used cash. More drug dealers...

The establishment is scared to death of crypto.
Click to expand...

giphy.gif
 
#325
#325
OC beat me to it. One could make the argument that the US dollar has no intrinsic value either.

I really do think the technology of blockchain is interesting and definitely has valuable applications, but as to whether or not Bitcoin is THE currency of the future based on it remains to be seen. It could very well be something else. As long as rednecks carry around $100 bills though, cash will be king so it will take awhile for it to completely disappear.
 
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