Author Topic: So...bitcoin  (Read 9628 times)

Eddie Teach

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Re: So...bitcoin
« Reply #45 on: December 11, 2017, 11:25:14 am »
I miss Siege.  :(
You know I'm going to lose
And gambling's for fools
But that's the way I like it
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Razgovory

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Re: So...bitcoin
« Reply #46 on: December 11, 2017, 12:05:26 pm »
I miss Siege.  :(


He would have liked Roy Moore.
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Jacob

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Re: So...bitcoin
« Reply #47 on: December 11, 2017, 12:22:24 pm »
We need to write futures on bitcoin futures.  That would hopefully help settle things down.

How about we bundle and slice bitcoin futures with other products? Maybe throw in some more complex bitcoin derivatives as well?

frunk

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Re: So...bitcoin
« Reply #48 on: December 11, 2017, 12:46:19 pm »
I can buy these on margin, right?

Camerus

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Re: So...bitcoin
« Reply #49 on: December 11, 2017, 12:53:15 pm »
I lool forward to the cryptocurrency 3X ETFs.

CountDeMoney

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Re: So...bitcoin
« Reply #50 on: December 11, 2017, 01:26:25 pm »
Werenít a bunch of you guys playing with make-believe Internet Quattloos in movies and speculating on premieres or something a couple years ago?  Howíd that work out with early retirements?

derspiess

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Re: So...bitcoin
« Reply #51 on: December 12, 2017, 07:47:04 am »
"If you can play a guitar and harmonica at the same time, like Bob Dylan or Neil Young, you're a genius. But make that extra bit of effort and strap some cymbals to your knees, suddenly people want to get the hell away from you."  --Rich Hall

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saskganesh

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Re: So...bitcoin
« Reply #53 on: December 13, 2017, 06:43:07 am »
A friend's mum made money on Bre-X. She was a diversified investor, so could afford to play; she bought stock, it rose, and she sold when it reached her modest target. The stock continued to rise afterwards, but yes, eventually the whole thing crashed down, but she had already made her money.

So yeah, if you want to play with a bubble, you need a plan and discipline to stick with your objective, and be able to afford a loss if you get stuck.
humans were created in their own image

Josephus

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Re: So...bitcoin
« Reply #54 on: December 13, 2017, 07:10:42 pm »
A friend's mum made money on Bre-X. She was a diversified investor, so could afford to play; she bought stock, it rose, and she sold when it reached her modest target. The stock continued to rise afterwards, but yes, eventually the whole thing crashed down, but she had already made her money.

So yeah, if you want to play with a bubble, you need a plan and discipline to stick with your objective, and be able to afford a loss if you get stuck.

I know people use the same strategy in casinos
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saskganesh

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Re: So...bitcoin
« Reply #55 on: December 14, 2017, 12:42:00 pm »
Ya, it's a similar thing, but in casinos they offer some games where player skill has greater influence on the outcome. Most investors don't have the ability to influence anything.
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crazy canuck

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Re: So...bitcoin
« Reply #56 on: December 14, 2017, 12:50:58 pm »
Meanwhile my sons experiment in mining ethereum is working out alright.  It turns out that at the same time he purchased the components for his mining rig he also bought $100 dollars worth of the crypto currency.  The combined value of that small investment along with the amount he has been able to mine is going to pay off the rig a lot faster than he thought - if the price stays at current levels.
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Tonitrus

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Re: So...bitcoin
« Reply #57 on: December 14, 2017, 01:16:00 pm »
I still say that governments need to ban this shit...when it goes bust (and busts hard), they're going to get trashed for not protecting the public anyway.

HVC

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Re: So...bitcoin
« Reply #58 on: December 14, 2017, 01:34:10 pm »
I still say that governments need to ban this shit...when it goes bust (and busts hard), they're going to get trashed for not protecting the public anyway.

How are you going to protect them? Making it illegal won't stop people, it's a crypto currency, it not like its listed on the stock exchange.

A fool* and his money are soon parted, if not by this then by something else.

* not your kid CC :D . having a bit of fun is different from seriously investing and leaving yourself open to that risk.
Being lazy is bad; unless you still get what you want, then it's called "patience".
Hubris must be punished. Severely.

Admiral Yi

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Re: So...bitcoin
« Reply #59 on: December 14, 2017, 01:40:40 pm »
Driving it underground would probably increase the allure.

There have been plenty of bubbles in things like art, wine, action figures, trading cards, etc.  You can't ban them all.
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