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Author Topic: Bitcoins - about to hit $5,000 per coin today. Now $ 6,000  (Read 10483 times)
gib
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« on: September 01, 2017, 06:34:17 AM »

Hope all u guys got some. Soon will be able to retire and just chill and train when they get to 100k per coin.
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Dave D
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« Reply #1 on: September 01, 2017, 08:40:31 AM »

How many coins do you own?

And why would you sell at 100k, why not wait until the price hits 200k?
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visualizeperfection
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« Reply #2 on: September 01, 2017, 10:03:43 AM »

Why make trillions, when we can make... billions.
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muscleman-2017
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« Reply #3 on: September 01, 2017, 10:05:02 AM »

http://www.getbig.com/boards/index.php?topic=624249.0
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Powerlift66
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« Reply #4 on: September 01, 2017, 10:15:35 AM »

I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   Kiss
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robcguns
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« Reply #5 on: September 01, 2017, 10:35:25 AM »

Why are they worth so much,I was offered 30 beginning of January for 15k and passed.Feel pretty stupid right now.
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El Diablo Blanco
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« Reply #6 on: September 01, 2017, 11:43:59 AM »

Seriously. The had a huge drop.  What's running them up?
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jr
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« Reply #7 on: September 01, 2017, 12:03:42 PM »

If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).
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robcguns
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« Reply #8 on: September 01, 2017, 12:11:14 PM »

If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

So I wonder if I should buy 1 right now.
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Grape Ape
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« Reply #9 on: September 01, 2017, 12:16:02 PM »

I only bought 5, when they were around 1K. Should have invested more, better than nada I guess.
I can buy lots of gear with my bitcoins now.   Kiss

Can you easily convert them to $?
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Y
Mr Anabolic
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« Reply #10 on: September 01, 2017, 12:18:22 PM »

The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.
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Mr Anabolic
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« Reply #11 on: September 01, 2017, 12:21:31 PM »

If bitcoins continue to rise in price at the same rate they have been for the past 7 years, a bitcoin will be worth 1 million dollars within 3 years. ( in 2 years and 9 months to be more precise).

It's entirely possible too.  Governments are in full control of all of it... don't kid yourself.  They want a cashless society.  It will also be a tax windfall for them.
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SF1900
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« Reply #12 on: September 01, 2017, 12:27:14 PM »

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jr
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« Reply #13 on: September 01, 2017, 12:40:08 PM »

The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.

You can sell bitcoins for cash in hand using something like localbitcoins.  The government won't know the identity of the person who sold their bitcoins if they ensured that their identity is not tied to their bitcoin address.
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jr
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« Reply #14 on: September 01, 2017, 12:42:50 PM »

So I wonder if I should buy 1 right now.

I have a personal aversion to buying at all time highs because I pessimistically think that I would be buying the top, and the prices will collapse as soon as I press the BUY button. But that is just my negative thinking. It's up to the individual at the end of the day.
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Mr Anabolic
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« Reply #15 on: September 01, 2017, 01:01:42 PM »

You can sell bitcoins for cash in hand using something like localbitcoins.  The government won't know the identity of the person who sold their bitcoins if they ensured that their identity is not tied to their bitcoin address.

The transactions are not anonymous.  Please stop spreading this BS.
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jr
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« Reply #16 on: September 01, 2017, 01:10:38 PM »

The transactions are not anonymous.  Please stop spreading this BS.

The transactions themselves are not anonymous. They are on a public ledger known as the blockchain.

But who owns the address can be anonymous.

Anyone can create a bitcoin address from a public computer.

Bitcoins can be exchanged for cash in person.
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Taffin
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« Reply #17 on: September 01, 2017, 01:48:14 PM »

The longer this goes on unabated, the more I believe government created it.  They want a cashless society.  That's not a good thing.  Right now you have to convert it back to dollars in order to spend it.  EVERY transaction you make is traceable and taxable.  The IRS is on top of it and will come after you for taxes owed... this happened to a friend of mine that bought a whole bunch when it was $100.  In May 2017 he cashed out at around $2000.  Just recently he received a tax bill from the IRS for $25,000 - ouch.

TPTB have to keep their fiat scam system going and cryptos are the future of it.  I'm stay far away from these things, I don't care how high they go.  

You want to invest in a seriously undervalued asset with enormous upside potential?... silver is it.  Keep in mind it is a l-o-n-g term investment and it could take years to reach true/full value.  Right now the price of metals are being manipulated and held down by TPTB.  However, they cannot do it forever.

But presumably he made a load of $$ even with the tax bill settled..?
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robcguns
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« Reply #18 on: September 01, 2017, 01:56:29 PM »

I have a personal aversion to buying at all time highs because I pessimistically think that I would be buying the top, and the prices will collapse as soon as I press the BUY button. But that is just my negative thinking. It's up to the individual at the end of the day.

I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.
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SF1900
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« Reply #19 on: September 01, 2017, 02:33:04 PM »

I definitely have the same feeling.Just contemplating 1 only because of the hype most likely won't buy one though.

Rob, would you invest in Caliber Fitness?
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robcguns
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« Reply #20 on: September 01, 2017, 02:33:39 PM »

Rob, would you invest in Caliber Fitness?

100%,just wish I would get asked.
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Mr Anabolic
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« Reply #21 on: September 01, 2017, 03:13:11 PM »

But presumably he made a load of $$ even with the tax bill settled..?

My point is the IRS found out about the transaction and sent him a "pay us our money or else" letter.  

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest.  

Stocks, bonds, and cryptos are in a huge bubble.  Real estate too.  However, they can (and probably will) go even higher.  The madness and delusions of crowds are quite an interesting thing to observe.  Things are bit different today... it's mostly computers running the stock market.  That might make the collapse even worse.
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El Diablo Blanco
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« Reply #22 on: September 01, 2017, 04:28:21 PM »

My point is the IRS found out about the transaction and sent him a "pay us our money or else" letter. 

Anyone who wants to buy a bunch of digital cyberspace electrons for $5000 a piece because you think it's going to $1 mil USD... please, be my guest. 

Stocks, bonds, and cryptos are in a huge bubble.  Real estate too.  However, they can (and probably will) go even higher.  The madness and delusions of crowds are quite an interesting thing to observe.  Things are bit different today... it's mostly computers running the stock market.  That might make the collapse even worse.

Lol at bitcoin going to millions.  The total value of all bitcoins right now is $75 billion.  Anyone who thinks it will be worth more than the entire worlds currencies is nuts.

Also the gov has fuck all to do with this.  The gov has nothing to do with money.  Learn about the Federal Reserve then you'll realize how fucking evil money is.
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Mr Anabolic
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« Reply #23 on: September 01, 2017, 05:10:27 PM »

Lol at bitcoin going to millions.  The total value of all bitcoins right now is $75 billion.  Anyone who thinks it will be worth more than the entire worlds currencies is nuts.

Also the gov has fuck all to do with this.  The gov has nothing to do with money.  Learn about the Federal Reserve then you'll realize how fucking evil money is.

I know all about the Fed reserve.  The US dollar will be dead in a few years... totally worthless.

Ben Bernanke recently gave a speech about benefits of bitcoin and cryptos/tokens.  What government/central bank would let some outside fiat currency instrument compete with their own fiat currency?  Answer... they wouldn't, unless they created it.  

About 10 years ago the feds arrested and threw someone in jail for making a Ron Paul coin that had a $1 dollar value on it.  

Goldman Sachs is now promoting and investing it in.  There are crypto/token ETF's coming.  

If the government is not behind it, they are certainly allowing and/or adopting it.  

The main goal is to take away the anonymity of physical cash so they can trace, track and tax everything.  

The end game is complete control.  

Say/do something subversive or negative about the government or a politician, they'll simply turn off your account access with a flick of a switch.

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gib
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« Reply #24 on: September 01, 2017, 05:16:14 PM »

Seriously. The had a huge drop.  What's running them up?

North Korea buying. And china buying big time.
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