1jkw Posted May 19, 2021 Share Posted May 19, 2021 34 minutes ago, Anler said: In 2010 you could have bought bitcoins for $.06 each For $100.00 you could have gotten 1,666 bitcoins At the current price (which is way down at the moment) of $37,251 you would have $62,060,166.00. Thats some nice scratch for $100 investment. Hell yes it is. Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 19, 2021 Share Posted May 19, 2021 3 minutes ago, 1jkw said: Hell yes it is. Most bitcoin fans remind me of people who buy lottery tickets. "If I hit it, I'm gonna do this, that and that" Quote Link to comment Share on other sites More sharing options...
Anler Posted May 19, 2021 Share Posted May 19, 2021 34 minutes ago, DriftBusta said: Most bitcoin fans remind me of people who buy lottery tickets. "If I hit it, I'm gonna do this, that and that" Well that's what it is. It's winning the lottery. Not much different than the stock market, you are betting on something hoping it makes you money. Quote Link to comment Share on other sites More sharing options...
1jkw Posted May 19, 2021 Share Posted May 19, 2021 36 minutes ago, DriftBusta said: Most bitcoin fans remind me of people who buy lottery tickets. "If I hit it, I'm gonna do this, that and that" I didn't buy any, I still don't understand how it works. If I had I would have sold it when I make a tidy profit. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 19, 2021 Share Posted May 19, 2021 1 minute ago, 1jkw said: I didn't buy any, I still don't understand how it works. If I had I would have sold it when I make a tidy profit. Neither does he Quote Link to comment Share on other sites More sharing options...
DriftBusta Posted May 20, 2021 Share Posted May 20, 2021 3 hours ago, Anler said: Well that's what it is. It's winning the lottery. Not much different than the stock market, you are betting on something hoping it makes you money. You're free to think that. Quote Link to comment Share on other sites More sharing options...
ArcticCrusher Posted May 20, 2021 Share Posted May 20, 2021 18 hours ago, Anler said: I've been thru this before. I am no where near my initial investment so I am not panicking it just sucks when you are down $100k in a couple hours. LOL Welcome to the daily world of Mach Z. @Polaris 550 Quote Link to comment Share on other sites More sharing options...
Anler Posted May 20, 2021 Share Posted May 20, 2021 Just now, ArcticCrusher said: Welcome to the daily world of Mach Z. @Polaris 550 LOL I am not playing with million like he is.. :rolleyes: This is the wild west of speculation, it's not for the weak that's for sure. Quote Link to comment Share on other sites More sharing options...
Gold Member poopooforme Posted May 20, 2021 Gold Member Share Posted May 20, 2021 Shoulda bought the low last night damnit. Just couldn't take myself to pull the trigger. Seeing how fast it crashed in the last couple days just didn't know if I could go through that on a higher level..... Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 20, 2021 Share Posted May 20, 2021 16 hours ago, Anler said: Well that's what it is. It's winning the lottery. Not much different than the stock market, you are betting on something hoping it makes you money. stock market is backed by something real. It's why i make a few social media plays in crypto because the pump and dumps real even with nothing else real behind it. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 20, 2021 Share Posted May 20, 2021 35 minutes ago, Angry ginger said: stock market is backed by something real. It's why i make a few social media plays in crypto because the pump and dumps real even with nothing else real behind it. What's not real? If you are staking crypto that's real. You are making passive income https://ethereum.org/en/eth2/staking/ You can deposit your crypto to defi dapps and make 6 to 8% passive income. This is a real economic system that is growing exponentially. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 20, 2021 Platinum Contributing Member Share Posted May 20, 2021 18 hours ago, Anler said: In 2010 you could have bought bitcoins for $.06 each For $100.00 you could have gotten 1,666 bitcoins At the current price (which is way down at the moment) of $37,251 you would have $62,060,166.00. Thats some nice scratch for $100 investment. Have you ever "cashed out" and actually received money? Quote Link to comment Share on other sites More sharing options...
Fireball 440 Posted May 20, 2021 Share Posted May 20, 2021 Just now, Highmark said: Have you ever "cashed out" and actually received money? I've never understood this system and how people can cash out of something there is no backing too? Quote Link to comment Share on other sites More sharing options...
Anler Posted May 20, 2021 Share Posted May 20, 2021 Just now, Highmark said: Have you ever "cashed out" and actually received money? Once but I put some of that back in. I have about $20k of my own money in it now. The exchange I am on is tied to my bank account. I can withdraw and deposit straight from my account. Quote Link to comment Share on other sites More sharing options...
Anler Posted May 20, 2021 Share Posted May 20, 2021 Just now, Fireball 440 said: I've never understood this system and how people can cash out of something there is no backing too? It's because you have never tried it. It's pretty easy. Quote Link to comment Share on other sites More sharing options...
Fireball 440 Posted May 20, 2021 Share Posted May 20, 2021 3 minutes ago, Anler said: It's because you have never tried it. It's pretty easy. I have not done any reading about it. I have not played the game since buying up in 2009 and selling in 2012. I should have held all that stuff. Stocks I bought for $2.50 are now $40+. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 20, 2021 Gold Member Share Posted May 20, 2021 Cashing out is no issue my coworker cashed out 8k profit when etherium classic pumped few weeks back. Goes right to your bank account pretty simple really. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Skidooski Posted May 20, 2021 Platinum Contributing Member Share Posted May 20, 2021 6 minutes ago, Anler said: It's because you have never tried it. It's pretty easy. Do you have any Safemoon? Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 20, 2021 Platinum Contributing Member Share Posted May 20, 2021 (edited) 11 minutes ago, Fireball 440 said: I've never understood this system and how people can cash out of something there is no backing too? Its odd to say the least. All assets have a value based on what someone is willing to pay this is just one that happens to be similar to fairy dust. I'm not saying it's not "real" but there is nothing backing it other than trust in the system. Someone is always winning and losing no different than other investments. Its basically what you are willing to pay for something non-existing in hopes that more people are willing to pay more than what you did for that non-existing thing. Edited May 20, 2021 by Highmark Quote Link to comment Share on other sites More sharing options...
Fireball 440 Posted May 20, 2021 Share Posted May 20, 2021 4 minutes ago, Highmark said: Its basically what you are willing to pay for something non-existing. Yeah you guys can have fun with that Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 20, 2021 Platinum Contributing Member Share Posted May 20, 2021 21 minutes ago, Fireball 440 said: Yeah you guys can have fun with that I have zero money in crypto right now but I might throw a bit at it for fun. Throw $100 at say 25 lower cost ones and if one hits bingo! If none do I'm only out $2500. I've spent worse. Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 20, 2021 Share Posted May 20, 2021 50 minutes ago, Highmark said: I have zero money in crypto right now but I might throw a bit at it for fun. Throw $100 at say 25 lower cost ones and if one hits bingo! If none do I'm only out $2500. I've spent worse. exactly. Quote Link to comment Share on other sites More sharing options...
Platinum Contributing Member Highmark Posted May 20, 2021 Platinum Contributing Member Share Posted May 20, 2021 Which exchange are you guys using? Quote Link to comment Share on other sites More sharing options...
Angry ginger Posted May 20, 2021 Share Posted May 20, 2021 7 minutes ago, Highmark said: Which exchange are you guys using? I use the crypto app. Quote Link to comment Share on other sites More sharing options...
Gold Member 800renegaderider Posted May 20, 2021 Gold Member Share Posted May 20, 2021 (edited) 10 minutes ago, Highmark said: Which exchange are you guys using? Myself and 3 coworkers have coinbase. Brother has coinbase also. ill say also I opened a checking account at a different bank than my usual bank to link to my coinbase account. I didn’t want them linking to my bank that has all my savings, money market and shit. So basically only thing I use that account for is coinbase. Edited May 20, 2021 by 800renegaderider 2 Quote Link to comment Share on other sites More sharing options...
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