Bitcoin

Discussion in 'Politics' started by GMDGator, Nov 10, 2017.

  1. GMDGator

    GMDGator Slick Willie
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  2. NavetG8r

    NavetG8r Stupid
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    I wish I'd bought about $1000 worth back when it first started up. I'd be very wealthy now. Unfortunately, I believe these crypto currencies will hit a ceiling at some point and then crash and burn so I don't have the confidence to get in now either.
     
  3. EyeDocGator

    EyeDocGator Politically Incorrect
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    Don't know whether it's a Ponzi scheme, but it sure feels like a bubble.
     
  4. AugustaGator

    AugustaGator Junior Member
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    No more so than gold
     
    • Gator Fever

      Gator Fever Senior Member

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      I have a feeling it will end up like some of that stuff in the late 90s eventually as far as being overvalued. Hard to say how long the madness can go however. I guess it will go on until it doesn't.
       
    • Taco Gratis

      Taco Gratis Often wrong, never in doubt.

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      It's a bubble, but there's a floor and in 4-5 years, we'll wish we'd bought today. Blockchain and cryptoassets are going to change the world in much the same way tcp/ip did.
       
      • divits

        divits A Muffin of the Studly Variety
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        In related news, I hear tulip bulbs are making a move up again.
         
        • crosscreekcooter

          crosscreekcooter Cunning Linguist
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          People will always eat porkbelly
           
          • GMDGator

            GMDGator Slick Willie
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            Chinese have a stranglehold on that now.. There is absolutely no reason for bacon to cost $5+ per pack with the glut of pork available. But ever since they took control of Smithfield they have really kept the price of bacon sky high
             
          • crosscreekcooter

            crosscreekcooter Cunning Linguist
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            Did not know that.
             
          • GMDGator

            GMDGator Slick Willie
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            Yeah, they do all kinds of numbers manipulation to the USDA now as well... Like when they had that virus supposedly killing all the piglets, they waay over counted to falsely push the domestic market up.
             
          • Taco Gratis

            Taco Gratis Often wrong, never in doubt.

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          • AugustaGator

            AugustaGator Junior Member
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            • GMDGator

              GMDGator Slick Willie
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              you are a ray of sunshine today :lol:
               
            • GMDGator

              GMDGator Slick Willie
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              if you google bitcoin scam illegal activity... it seems like this is all it is used for
               
            • Taco Gratis

              Taco Gratis Often wrong, never in doubt.

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              That's the very definition of a self-created information bubble.
               
              • AugustaGator

                AugustaGator Junior Member
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                What's the trend line?
                 
              • Taco Gratis

                Taco Gratis Often wrong, never in doubt.

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                Whew! I almost forgot the lesson from the 2000 tech bubble, and was just about to invest in a company with a dotcom in its name.

                Thanks for the reminder.

                On a more serious note, this thread began with someone admitting ignorance, which is exactly what I did a few months back.

                I'm not personally yet prepared to go out and buy any bitcoins, but I will be investing in this asset class soon after I do my due diligence.

                If anyone really is interested (and if you do any investing, you should be), here's a great book I just picked up.

                And no, that's not an affiliate link.

                [​IMG]
                 
                #18 Taco Gratis, Nov 11, 2017
                Last edited: Nov 11, 2017
              • itsgr82bag8r

                itsgr82bag8r Political Forum Fire Starter
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                OJ futures....
                 
                • Scott512

                  Scott512 Senior Member

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                  I've had my eye on this since the summertime and I the minimum of $60 which is what it said in an email the other day I am tempted to try the $60 investment but not $500 or more and I'm concerned about other fees and services they're going to charge for
                   

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