Bitcoins - about to hit $5,000 per coin today!

[Zillotch]

The fact that they allow crypto without a wide-sweeping policy at the current level shows they don't understand it, have a plan for it, or just outright fear it.

Which of those three options it is I don't know.

sure u know.

pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

[Zillotch]

pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

everyone should be getting a bad feeling in the pit of their stomach, lol

[Zillotch]

also.... smoke og kush.

[robcguns]

I’m new to this and don’t obviously know nearly as much as gib or Mr Anabolic on such things but everything I’m reading looks good.Im a pretty big gambler so if I lose I lose but it’s worth seeing what happens.anyone who gambles at all should buy at least a few hundred worth just for the ride.

[JAGO]

I’m new to this and don’t obviously know nearly as much as gin or Mr Anabolic on such things but everything I’m reading loooks good.Im a pretty big gambler so if I lose I lose but it’s worth seeing what happens.anyone who gambled at all should buy at least a few hundred worth just for the ride.

He dosen't know shit.

J

[robcguns]

He dosen't know shit.

J

Which one doesn’t?i hope they both know there shit anabolic about silver as I’ve been buying a lot of silver and gib about bitcoin.just noticed he highlighted anabolic,I hope you are correct for bitcoin sake.

[gib]

$11.700 ...

[El Diablo Blanco]

$11.700 ...

Fucker

[chess315]

Notice a lot of top Bitcoin people are criminals

[gib]

Notice a lot of top Bitcoin people are criminals

As are top wealthy people in general

[gib]

$11,800

[TheGrinch]

Its not a genius move to ride the tide higher.....

Its a genius move..... WHEN to get out...

anyone can buy high and ride it higher....

Its those who SELL at the right time make the money..

Otherwise.. you have a paper profit...


Having a paper profit is like jerking off to a chick blowing you in virtual reality..

[gib]

Its not a genius move to ride the tide higher.....

Its a genius move..... WHEN to get out...

anyone can buy high and ride it higher....

Its those who SELL at the right time make the money..

Otherwise.. you have a paper profit...


Having a paper profit is like jerking off to a chick blowing you in virtual reality..

The “paper profit” is a rather layman/simplistic approach. From a finance and accounting perspective your assets are worth what they are in the present time. So a persons or business net worth is calculated by assessing the present cash value of all assets be it real estate, gold, stock, bitcoins etc, minus debt.

What you (and Mr Anabolic) I think are trying say is that when making a decision to hold a particular asset, you need to balance the risk vs reward of continuing to hold that asset as opposed to deploying the value of that asset into another asset (whether gold, cash, real estate, or stock for example.). Moving into cash makes sense when you consider the risk of holding that asset to be outweighed by the downside of holding cash. And holding cash by the way, can in turn have significant downside of a Government is devaluing by money printing and financial stimulus. Indeed it is for this reason that almost all major asset classes have outperformed cash from 2009 until now.

[gib]

The “paper profit” is a rather layman/simplistic approach. From a finance and accounting perspective your assets are worth what they are in the present time. So a persons or business net worth is calculated by assessing the present cash value of all assets be it real estate, gold, stock, bitcoins etc.

What you (and Mr Anabolic) I think are trying say is that when making a decision to hold a particular asset, you need to balance the risk vs reward of continuing to hold that asset as opposed to deploying the value of that asset into another asset (whether gold, cash, real estate, or stock for example.). Moving into cash makes sense when you consider the risk of holding that asset to be outweighed by the downside of holding cash. And holding cash by the way, can in turn have significant downside if a Government is devaluing by money printing and financial stimulus. Indeed it is for this reason that almost all major asset classes have outperformed cash from 2009 until now, and indeed also for this reason that BTC was created (eg a backlash and protection against Government theft via devaluation and money printing).

[Matt]

sure u know.

pretend for a moment that there r in fact intelligent people within government, or that there r intelligent people who influence governmental operations; do u truly believe that those intelligent people do not comprehend bitcoin? lol

By nature, Bitcoin is decentralized and encrypted.  The government can know everything about it - they can't do shit.  And when enough of the citizenry realize the value in Bitcoin vs. the Monopoly money fiat currencies of the world, there will be nothing that can stop Bitcoin, and other encrypted coins.

Just like the mainstream media collapsed, we are currently seeing the beginnings of the collapse of fiat currencies.  But keep pretending that some powerful government figures can stop mathematical encryption processes, haha.

I of all people should know this - I have four years of University mathematics under my belt, and years of knowledge of encryption.  The. government can't do shit - they will be as successful stopping cryptocurrency as they were with PIPA and SOPA or whatever else they used to try to stop the internet.

[gib]

By nature, Bitcoin is decentralized and encrypted.  The government can know everything about it - they can't do shit.  And when enough of the citizenry realize the value in Bitcoin vs. the Monopoly money fiat currencies of the world, there will be nothing that can stop Bitcoin, and other encrypted coins.

Just like the mainstream media collapsed, we are currently seeing the beginnings of the collapse of fiat currencies.  But keep pretending that some powerful government figures can stop mathematical encryption processes, haha.

I of all people should know this - I have four years of University mathematics under my belt, and years of knowledge of encryption.  The. government can't do shit - they will be as successful stopping cryptocurrency as they were with PIPA and SOPA or whatever else they used to try to stop the internet.

Agree entirely.

[Matt]

Agree entirely.

Thanks gib!  I have been reading your posts and enjoying them. 

If you were going to invest in coins starting tomorrow, would you invest in one specific coin only, or would you invest in a broader basket of coins?

FYI, I have been advocating for Bitcoin and ETHEREUM for basically two years straight now.  But I have never bought other coins until just  yesterday.  I would like to put $10,000 into any coins aside from those two.  My choice right now is IOTA.  Do you have any recommendations?

[gib]

Thanks gib!  I have been reading your posts and enjoying them.  

If you were going to invest in coins starting tomorrow, would you invest in one specific coin only, or would you invest in a broader basket of coins?

FYI, I have been advocating for Bitcoin and ETHEREUM for basically two years straight now.  But I have never bought other coins until just  yesterday.  I would like to put $10,000 into any coins aside from those two.  My choice right now is IOTA.  Do you have any recommendations?

Welcome! Personally I would go something like 60 or 70% btc, 30 or 20% eth and the remaining amounts into the ones you want to take punt on. Mine is almost entirely btc, being rather conservative and believing that btc has the potential for massive network effect type momentum as a store of value.

[Zillotch]

humanity is running blindly into darkness... cant u guys see that? lol sometimes I feel like a crazy person.

[Tennisballz]

humanity is running blindly into darkness... cant u guys see that? lol sometimes I feel like a crazy person.

I know.  It's always a gamble I guess.  Once technology gets to a certain level I wonder how much money will even play a role.

[polychronopolous]

Took a small position in Litecoin @ $90 and Ether @$372 just for the hell of it.

If I can get a 3 or 4 bagger out of it I'll probably just bounce.

[HTexan]

Took a small position in Litecoin @ $90 and Ether @$372 just for the hell of it.

If I can get a 3 or 4 bagger out of it I'll probably just bounce.

hell, I'm like 40x right now in ether. If bitcoin drops a lot again, I'm tempted to go all in on bitcoin for cryptocurrency.

[polychronopolous]

hell, I'm like 40x right now in ether. If bitcoin drops a lot again, I'm tempted to go all in on bitcoin for cryptocurrency.

Holy shit bro you are KILLING IT!! 

Congrats on your success!

[HTexan]

Holy shit bro you are KILLING IT!!  

Congrats on your success!

I wish, I did not invest a lot of money into ether, I though it was just going to be a "me too" cryptocurrency.

[gib]

$11,900