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bitcoin

April 16, 2021, 11:57 a.m.
Posts: 66
Joined: Feb. 2, 2021

Posted by: Couch_Surfer

Posted by: Fast-Orange

Posted by: Schnickelfritz

Since you're planning on holding Bitcoin long term, have you looked into a Cold Wallet (either an offline wallet or a hardware wallet). Exchanges and online wallets can be pretty vulnerable, just look into the Nicehash heist. - Edit* What PaulB said!

I'm still debating. Part of me trusts online storage more than my ability to not lose a thumbdrive

There are a couple of Epic stories about that already

This is my favorite. https://www.cnbc.com/2017/12/20/man-lost-127-million-worth-of-bitcoins-and-city-wont-let-him-look.html

Keep in mind too that '$127 worth of Bitcoins', was 2017 Bitcoin. Sniffing at half a BILLION USD now.

April 16, 2021, 11:59 a.m.
Posts: 299
Joined: Oct. 23, 2003

The US has printed some 3 trillion dollars in the last year alone, so it's no wonder everything is getting more and more expensive, I really dont see crypto going anywhere and especially with institutional adoption increasing now, that's the difference between this run and the one back in 2018 Wich was mainly retail driven.

April 16, 2021, 12:20 p.m.
Posts: 14390
Joined: Feb. 19, 2003

Posted by: Schnickelfritz

This is my favorite. https://www.cnbc.com/2017/12/20/man-lost-127-million-worth-of-bitcoins-and-city-wont-let-him-look.html

Keep in mind too that '$127 worth of Bitcoins', was 2017 Bitcoin. Sniffing at half a BILLION USD now.

That was one of the two I was thinking of.  I’d lose so much sleep, what a nightmare.

I think I read a follow up where he had a venture cap behind him, and offered the city half the proceeds and they still won’t/can’t let him dig for that hard drive.  Gov’t bureaucracy at its best.  LOL

April 16, 2021, 1:37 p.m.
Posts: 11497
Joined: June 29, 2006

Posted by: Adam-West

The US has printed some 3 trillion dollars in the last year alone, so it's no wonder everything is getting more and more expensive, I really dont see crypto going anywhere and especially with institutional adoption increasing now, that's the difference between this run and the one back in 2018 Wich was mainly retail driven.

Crypto isn't going anywhere, but there is a lot of crypto so one could take over from Bitcoin.  Bitcoin is kind of weak on the tech side of things.  The other concern is if the governments get their collective panties in a bunch.

https://www.cnbc.com/2021/03/26/bridgewaters-ray-dalio-good-probability-government-outlaws-bitcoin.html

April 16, 2021, 5:36 p.m.
Posts: 12809
Joined: Jan. 27, 2003

Posted by: Adam-West

I put a little bit of money into BIGG and it's tripled for me in 2 months.

I bought a thousand doge coins on monday just for a laugh when they were 7cents. Shoulda bought 10000 lol

April 16, 2021, 7:44 p.m.
Posts: 299
Joined: Oct. 23, 2003

Haha hindsight is such a bitch

April 18, 2021, 11:06 a.m.
Posts: 12809
Joined: Jan. 27, 2003

Market's crashing. Huge outage at a massive BC mining op in China. 

Get ready to buy those dips!

April 18, 2021, 2:08 p.m.
Posts: 15441
Joined: Dec. 30, 2002

Posted by: Fast-Orange

Market's crashing. Huge outage at a massive BC mining op in China. 

Get ready to buy those dips!

Have ever you heard that the 3 Gorge's is part of a btc mining op?

April 18, 2021, 7:55 p.m.
Posts: 12809
Joined: Jan. 27, 2003

Posted by: aShogunNamedMarcus

Posted by: Fast-Orange

Market's crashing. Huge outage at a massive BC mining op in China. 

Get ready to buy those dips!

Have ever you heard that the 3 Gorge's is part of a btc mining op?

Considering how much power that thing generates i would be shocked if it wasn't.

April 24, 2021, 10:22 a.m.
Posts: 15441
Joined: Dec. 30, 2002

Posted by: Fast-Orange

Posted by: aShogunNamedMarcus

Posted by: Fast-Orange

Market's crashing. Huge outage at a massive BC mining op in China. 

Get ready to buy those dips!

Have ever you heard that the 3 Gorge's is part of a btc mining op?

Considering how much power that thing generates i would be shocked if it wasn't.

Built in power supply and massive cooling. Not hard to imagine they would have a HFT (hi freq trading) server hooked up for the dips and reclaims. Mining and laundry all in one.

May 1, 2021, 4:28 p.m.
Posts: 12809
Joined: Jan. 27, 2003

https://fortune.com/2021/04/27/elon-musk-tesla-bitcoin-sale-profit-liquidity-cash-alternative/

I don't like Elon Musk very much as a persona but I'm also kind of glad he exists at the same time. Especially when he does cool shit like this.

May 3, 2021, 10 p.m.
Posts: 18074
Joined: Oct. 28, 2003

Putin is the originator of Bitcoin, his grand plan to destroy the western economies.  

Saw it on instagram, so it must be true.  Run away!

May 3, 2021, 10:56 p.m.
Posts: 33648
Joined: Nov. 19, 2002

Posted by: Fast-Orange

Market's crashing. Huge outage at a massive BC mining op in China.

Get ready to buy those dips!

Bitcoin mining use more electricity than the state of New York. Definitely not a "green" enterprise for something that generates no product.


 Last edited by: switch on May 3, 2021, 10:56 p.m., edited 1 time in total.
May 4, 2021, 5:16 a.m.
Posts: 12809
Joined: Jan. 27, 2003

Posted by: switch

Posted by: Fast-Orange

Market's crashing. Huge outage at a massive BC mining op in China.

Get ready to buy those dips!

Bitcoin mining use more electricity than the state of New York. Definitely not a "green" enterprise for something that generates no product.

Depends where the power is coming from. Most mining is powered by hydro or some other renewable source.

Crypto mining also uses less energy than gold mining which you can arguably say also produces nothing of any value other than what we collectively decided gold is worth. 

https://www.inverse.com/innovation/is-cryptocurrency-bad-for-the-environment

May 4, 2021, 9:04 a.m.
Posts: 16685
Joined: Nov. 20, 2002

Actually, gold has some pretty useful applications, especially in electrical and electronics.

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