Free Republic
Browse · Search
General/Chat
Topics · Post Article

Haven't seen a bitcoin thread lately. For good reason.
1 posted on 01/14/2019 3:46:50 PM PST by Responsibility2nd
[ Post Reply | Private Reply | View Replies ]


To: Responsibility2nd

Those late to the ponzi scheme usually take it in the shorts.


2 posted on 01/14/2019 3:49:01 PM PST by BipolarBob (God bless America - except for California.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
Actually, they have mapped bitcoin to sound - we all know that music and fibonacci patterns can be played as sound... well, here's bitcoin mapped out as sound.

Check it out!

Bitcoin mapped as sound

3 posted on 01/14/2019 3:51:04 PM PST by Bon mots
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

In your view, does the public, at this point, have less faith in crypto currency than central bankers? Isn’t that what the market is telling us? Maybe its time to reconsider gold coins (probably with a healthy mix of silver). Better invest in belts if that happens.


5 posted on 01/14/2019 3:53:15 PM PST by datricker (Cut Taxes Repeal ACA Deport DACA - Americans First, Build the Wall, Lock her up MAGA!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

It is still worth more than gold.

You are only looking at 12 month view when it was at a historical high.

Forget the day to day price and focus on the moves being made.

Nevertheless, if you are only focused on price of it then look at it over 2 years, 3 years and 4 years going all the way back.

https://web.archive.org/web/20170501000000*/www.coinmarketcap.com


10 posted on 01/14/2019 4:00:08 PM PST by Enlightened1
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
Pretty volatile to trade, unless you're fully engaged, (i.e. day-trading). Set stops and know your limits. Long term, not a bad, but risky investment, if you have a few dollars left over after purchasing long term subsistence items first.

Something just in the news which cause a spike this morning:

Russia Prepares To Buy Up To $10 Billion In Bitcoin To Evade US Sanctions

https://www.zerohedge.com/news/2019-01-14/russia-prepares-buy-10-billion-bitcoin-evade-us-sanctions

Watch for a pump and dump...

11 posted on 01/14/2019 4:02:08 PM PST by amorphous
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

It’s a small minority of people who need to launder money.

The rest were entranced looky lous, not players.


12 posted on 01/14/2019 4:02:51 PM PST by SaxxonWoods (The internet has driven the world mad.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
Bankers will never allow cryptocurrency to flourish for one main reason.

All currencies of the world (except a very, very few) have been converted to operate through central banks.

It used to be that currency was issued by a nation's treasury, and could be circulated based on the concept of "completed labor" - for example, funding a bridge project as a means to pay the workers with newly created money, which then gets circulated into the economy as they buy things.

Currency is now created by central banks through treasury auctions. These auctions sell bills, bonds, and notes. All of these are liabilities to the citizen - meaning that whoever owns them also owns a claim to the future labor of citizens.

Why do so many ultra-rich keep going instead of retiring extremely comfortably?

Because they aren't necessarily after more money - but the power that it brings. Power can be defined as owning the future labor of other people.

If the lust for power is truly understood then it makes sense why it's wise to have stayed away from cryptocurrencies from the beginning.

13 posted on 01/14/2019 4:03:13 PM PST by politicket (Don't remove a Bernie Sanders bumper sticker. It's the only thing holding the car together!)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

I just saw my first mainstream bitcoin commercial on T.V. yesterday during one of the football games. It was an IBM bitcoin/blockchain that you earned by recycling plastic. I was blown away. https://www.coindesk.com/ibm-is-helping-launch-a-price-stable-cryptocurrency-insured-by-the-fdic


14 posted on 01/14/2019 4:03:41 PM PST by calljack (Sometimes your worst nightmare is just a start.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

Bitcoin Jan 11 2016 - $408.00 ish
Bitcoin Jan 02 2017 - $978.00 ish
Bitcoin Jan 11 2019 - $3,620.00 ish

bitcoin 36 month profit roughly +900%
Bitcoin 24 month profit roughly 360%

Gold 17 Jan 2017 - $1,210.00 ish
Gold 14 Jan 2018 - $1,290.00 ish

Gold 12 month profit roughly 6%

Stocks, bond, commodities all depend on when you get in and when you get out.


16 posted on 01/14/2019 4:05:48 PM PST by taxcontrol
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

You were way late to the game. My basis is lsomewhere are $112. I am still way, way to the upside. Not a ton of money, but I paid all my debts two years ago. All on less that $3000 “investment.”

Not complaining at all.


20 posted on 01/14/2019 4:08:09 PM PST by Vermont Lt
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

I’ve got some Iraqi Dinars that are going to make me a bundle when they revalue them.


26 posted on 01/14/2019 4:18:38 PM PST by vetvetdoug
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

A simple video on Technical Analysis 101 could have saved you $159.10.


29 posted on 01/14/2019 4:29:57 PM PST by montag813
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

Buy tulips!
No obligation required
Cancel anytime
Money back guarantee
Lowest price
Prices cut in half
Save money
Best value
Special offer
Pay nothing
No minimum
Low minimum
Cost-effective
Buy one, get one free
Free shipping
Free gift with purchase
Free trial
Free sample
Free demonstration
Free download
Free estimate
Free consultation
Guaranteed overnight delivery
Results overnight
No questions asked
Beat the system
Secret technique
Secret tip
Treat yourself
At your own pace
Limited supply
Before they’re gone
Offer ends soon
Reserve yours now
Private invitation
Exclusive offer
First time offered
Not sold in stores
Call anytime
Call right now
Contact us
Talk to an expert
Years of experience
Scientifically proven
Award-winning
Fast acting
Results overnight
Same-day delivery
Same-day service
The next big thing!
Avoid future regret, Act now!


30 posted on 01/14/2019 4:30:00 PM PST by outofsalt (If history teaches us anything, it's that history rarely teaches us anything.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd

Al Gore warned us about that years ago. Global Warming would cause the glaciers to recede and Bitcoin to fall.

But seriously...nothing wrong with taking a small flyer. Sort of like buying a couple of lottery tickets. The people who need a scolding are those who sunk thousands into such things.


31 posted on 01/14/2019 4:30:04 PM PST by Leaning Right (I have already previewed or do not wish to preview this composition.)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
I put in a bit more at about the same time.

No regrets, though. I actually think there may still be $$ to be made with cryptos, just not the "moon shot" $$ of 2017.

40 posted on 01/14/2019 5:32:54 PM PST by The Duke (President Trump = America's Last, Best Chanceh)
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
The only person still excited and that believes in Bitcoin, is that idiot Glen Beck.

And he's a well-known damned fool.

42 posted on 01/14/2019 5:43:12 PM PST by OldSmaj
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd
They started by saying they were freeing us from Fiat money. I said "Huh?" They make it out of thin air and it is one's and zero's.

Second, They said I could buy dope and whores and even a murder if I wanted it. I said, "Huh?" that will be shut down PDQ.

Then they said No one can tax you for making money. I said, Huh?". The gubmints will stop that pretty quick.

Then they said there is no FDIC and in fact if someone hacks you, you lose 100%. I said, BWAHAHHAH, nobody is this stupid.

Now the "true believers are selling and taking their marbles home. You can set up a server farm and run 1000 CPU's and use more electricity than the value of the Bitcoin you generate. This has been tried many times before with "script". You can print your own money and trade with it, but the first counterfeit bill forces a trade out to a new script. 90% is used for shady deals and avoidance of the laws. Buy some ATT and get 7% divies. Since the downturn of Bitcoin, I keep having a vision of Steve Martin walking down the street with his pants around his ankles while holding a thermos. They will be saying they were born a poor black child. That would be the only excuse for losing so much money.

He's dead Jim.

43 posted on 01/14/2019 5:55:57 PM PST by chuckles
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd; All

Here is a great blog about crypto currencies, economics, politics, history and religion.

This guy does great job and very intelligent in my opinion.

https://philosophyofmetrics.com/


50 posted on 01/14/2019 11:08:19 PM PST by Enlightened1
[ Post Reply | Private Reply | To 1 | View Replies ]

To: Responsibility2nd; All

A roadmap for Crypto

2017 - Retail investors
2018 - Consolidation
2019 - Institutional Investors
2020- Visa MasterCard adopt
2021 - Nocoiner Investors
2022 - FIAT starts to be displaced
2025 - Tokenised stock markets overtake traditional markets 2050 - what is $?


53 posted on 01/15/2019 6:21:41 AM PST by Enlightened1
[ Post Reply | Private Reply | To 1 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson