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Post by Emig5m on May 23, 2021 20:43:59 GMT -5
You confess first.
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Post by Cop on May 24, 2021 8:14:45 GMT -5
I have not.
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Post by ForRealTho on May 24, 2021 9:31:48 GMT -5
No, its a good thing I am not a crazy materialistic person because back in 2010 I thought "I should put $100 into this BitCoin stuff and see where it is in 2020". I even registered an account on a major site. I ended up getting distracted by other things.
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Post by Emig5m on May 24, 2021 20:36:48 GMT -5
No, its a good thing I am not a crazy materialistic person because back in 2010 I thought "I should put $100 into this BitCoin stuff and see where it is in 2020". I even registered an account on a major site. I ended up getting distracted by other things. LOL....Dude....do you know how many millions you would have right now? Like 75 million+! You could give every single one of us a few million and have like millions to spare lol. It's not too late...it's not too late... buy some now, don't live with more ragrets....
My excuse is I didn't understand it and didn't think it would stick around but I just bought in some Bitcoin, Ethereum, and Cordano and made $500 overnight. Thinking about putting 1/3rd my saving in, logging out, and never looking at it for ten years, you never know, hehe. Attachments:
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Post by Cop on May 25, 2021 8:47:13 GMT -5
If only we knew, if only we knew... Fuck sportsbetting when timetravel is invented, go buy some bitcoin a decade ago and put them on a server. It's like Fry on Futurama...
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Post by sj on May 26, 2021 10:37:18 GMT -5
No, I missed that boat.
Crypto is an interesting tech phenomenon. Crypto = no money printer (to buy our votes, etc). That's a huge advantage because it means crypto should hold its value and less impacted by inflation.
No telling which way it goes over the long-term. It could easily threaten fiat currency (particularly in our Socialist countries where "money printer go burr"). In Socialist Democracies, money/fiat currency is a major source of governments' power and control. If the currency loses too much value and people lose faith in it, that could pressure governments to tighten regulations or even ban crypto, in order for their currencies to maintain some of its value.
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Post by Emig5m on May 29, 2021 12:09:45 GMT -5
Don't miss the boat again...
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Post by sj on May 29, 2021 13:10:24 GMT -5
Don't miss the boat again...
Techlead (youtuber) is into bitcoin. He said Elon's still heavily invested (over $1 billion I think) in bitcoin, but slamming it as not eco friendly. Why's he holding onto the investment then? I wouldn't be surprised if Elon unexpectedly buys a billion+ $'s more in bitcoin in the not too distant future (when he thinks it's bottomed out) and does another 180 with his public opinion on it (intentionally helping its value go back up). Speculating here, but I believe Elon's long-term goal is to own a controlling share of the most popular crypto-currency and then use it as the primary currency for his future Mars colonies. I with you agree though. In the short-term at least, it's probably a good investment. Long-term, who knows (our government could ban it), because it threatens the $ given the insane money printing going on at the Fed. You know, it's been a long-standing (dare I say, tried & true) pattern in investing. When most of the financial wizards and elites are saying stay away from or sell an investment after a big plunge, that's usually a sign that it's time to buy. lol The conundrum is that, as an average Joe-blow investor, you have no idea when it'll bottom out before rising again. You can bet that the elites have the inside track on that. That's why you have to guess and buy sometime before it bottoms out, then be steady and hold onto your investment long enough for it to see gains.
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Post by ForRealTho on May 29, 2021 19:37:28 GMT -5
I have read Elon is a raging psychopath but that could just be a disgruntled former employee. Like he said on SNL "You expect me to do all this amazing stuff and still be a normal dude?". He is a lot more personable then Zuck for damn sure.
Part of me wants to dump $10,000 in Dogecoin right now. Also saw there is a coin called Happy coin, lol. Like buy it if you wanna be HAPPPY!. Its like an early 90s infomercial.
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Post by Emig5m on May 30, 2021 12:37:38 GMT -5
Start mining... I'm probably going to try it.
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Post by sj on May 30, 2021 14:25:32 GMT -5
I have read Elon is a raging psychopath but that could just be a disgruntled former employee. Like he said on SNL "You expect me to do all this amazing stuff and still be a normal dude?". He is a lot more personable then Zuck for damn sure. Part of me wants to dump $10,000 in Dogecoin right now. Also saw there is a coin called Happy coin, lol. Like buy it if you wanna be HAPPPY!. Its like an early 90s infomercial. That's basically true (if you're one of his employees). He's said in interviews that he holds his employees to very high standards and expects them to work very hard & put in long hours (paraphrasing). I've read he has a relentless drive to outperform everyone else, due to psychological impact of being bullied so much. He said himself that he worked 80-100 hours week, from college to now, because he wanted to advance faster than all of his peers. Of course, anyone who enjoys working every waking minute probably isn't completely "normal."
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Post by Emig5m on Jun 10, 2021 2:09:13 GMT -5
El Salvador is the first country to make bitcoin legal tender: www.forbes.com/sites/roberthart/2021/06/09/el-salvador-makes-history-as-worlds-first-country-to-make-bitcoin-legal-tender/?sh=49e281a8eaa3But... is this the New World Order's master plan of the one world government/currency coming to fruition....? 😉 I'm currently holding bitcoin, etherium, cardano, and dogecoin... If there's a set number of bitcoin and no more can be added like the shit sham paper money, does that mean as more countries make it legal tender and demand goes up my holdings become more valuable and sky rocket over time? Hmmm... I think I'll continue buying the dips and holding long term just for fun lol. 😆
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Post by Emig5m on Jun 10, 2021 20:17:27 GMT -5
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Post by Emig5m on Jun 12, 2021 13:28:33 GMT -5
I refuse to leave you guys behind! 🤑
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Post by Emig5m on Feb 15, 2024 23:48:38 GMT -5
Well I caved... Bitcoin was rockin' at $52k today and my OG plan was just to sit on it for 10 years just for shits and giggles and I'll probably regret cashing out so early but I cashed out tonight well into the profit zone...lol. Ugh.... 7 years from now I'll probably really regret it when Bitcoin is potentially holding stable in the six figures but, well, I cashed out, made profits, and might even treat myself to a brand new pinball game (you only live once, right?) lol. I was concerned about the cashing out process and how it would work, even if it would work (never done it before, my plan was to just buy and HODL) but it was pretty quick and painless. All I had to do on my Crypto app was press 'Cash Out' then 'Sell Bitcoin' for USD, this was instant. I now had the dollar value amount of my Bitcoin at the time of sale in my crypto portfolio now as USD. Then I pressed Cash Out again and transferred the USD to my Paypal account. It said that it would take about day to complete the transaction and my funds would arrive into my Paypal by Friday but it was completed in just one minute and into my Paypal account same day, pretty damned instant. The Crypto company I used charged a small transaction fee but whatever, I made my profits and they made it super easy to get into and out of the game so more power to them. If Bitcoin ever crashes down low again, I'll probably buy back in and repeat. Buy the dips, sell the peaks, am I right?
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Post by ForRealTho on Feb 20, 2024 11:30:21 GMT -5
I thought I already posted in here about it, but back in 2018(I think) I read this huge article on how Ripple was the Next BitCoin.
Supposedly it was going to go through the roof. I very nearly put money into it. Ripple was at like $1.50 then. I ended up not going for it.
It went up a bit more then crashed hard and the Ripple devs were arrested for selling unregistered securities. Its never gone back to $1.50. I would have lost everything I invested.
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Post by Emig5m on Feb 20, 2024 20:44:29 GMT -5
I thought I already posted in here about it, but back in 2018(I think) I read this huge article on how Ripple was the Next BitCoin. Supposedly it was going to go through the roof. I very nearly put money into it. Ripple was at like $1.50 then. I ended up not going for it. It went up a bit more then crashed hard and the Ripple devs were arrested for selling unregistered securities. Its never gone back to $1.50. I would have lost everything I invested. That's the thing, you can never predict the future, it's all a risk. Sometimes you win, sometimes you lose. We could of all just mined Bitcoin with our PCs while sleeping and at work with no other investment other than some electricity and CPU cycles. However, I don't think the OG Bitcoin is going anywhere soon. Big dogs like Blackrock and other large institutions wouldn't be buying billions of dollars of it at its current price of $52k if there wasn't some immense trust in it...its almost making think that I shouldn't have sold right now and stuck to my original plan.
I'm also proud of myself....I haven't touched a single penny of my Bitcoin earnings and might just save it all for the next big dip (if there is one) and buy back in and try to keep snowballing my original investment and making larger and larger by selling out on large peaks and buying back in on large dips. IDK yet...walk away with a little piece of the pie or get greedy and make some more gains or potentially lose it all...lol. Hmm... I could always just buy back in with just the profits alone that I made and put my initial investment back into my bank account so it's never a lose situation and I only ever play with my original profits and the original amount I put in never goes back to Bitcoin....but will take more cycles to compound and snowball it. Really if I could go back to march of 2023 when it dipped to 20k...I would really be sitting pretty if I went all in at that time lol....
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Post by sj on Feb 23, 2024 12:42:56 GMT -5
The "big dogs" have the biggest, fastest computers with advanced software plugged in and monitoring the markets 24/7. If you hold onto it indefinitely, you'll eventually be left holding the bag.
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