View Full Version : Anyone with experience with Cryptocurrancies?? XRP BTC LTC ETH
Dirtcrasher
01-07-2018, 08:03 PM
I was forced to buy some Bitcoin 7 years ago to pay for a membership fee with. Well, I had some left....
I am trying to buy Ripple XRP at Shapeshift and Changelly.
I am using my Toast wallet as the send XRP to address (I understand 20 Ripple cannot be touched), and using my "from" address at Coinbase Bitcoin for the return address when trying to exchange BTC for XRP.
I have been on forum after forum for 5 days straight but I CANNOT BUY RIPPLE!!!!
The only element I'm reading that MAY BE a factor, is the "destination TAG", which I cannot find within my Ripple wallet called "Toast".
Now I know how frustrating it is when your an idiot and everyone thinks your a lost cause.....
Looking for someone I can call before I lose it.
lndy650
01-07-2018, 08:36 PM
if you had bitcoin from 7 years ago it should be worth a fortune now! they say if you had 100 dollars worth of bitcoin from back then it would be worth 28 million today. i trade in bitcoin ethereum and litecoin but im not sure what ripple is ill look into it and see what i can find out.
lndy650
01-07-2018, 08:42 PM
ok looks like i might wanna buy some XRP too! are you trying to buy xrp with bitcoin is that your issue? i found this page thats shows where you can buy xrp
https://ripple.com/xrp/buy-xrp/
it would be much easier if coinbase offered xrp
ironchop
01-07-2018, 09:40 PM
Those crypto currency brokerages are always complaining of DDOS attacks which sometimes has dealers down a few days. Apparently someone or more doesn't like cryptocurrencies.
I downloaded the Coin Base app to watch the market but I'm a newbie so I'm too gun-shy right now to buy in
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lndy650
01-07-2018, 10:42 PM
im pretty confident in ethereum its been on a steady rise. bitcoin im not so sure about theres only a few million coins left to mine so who knows where its headed. if i had larger sums to play with bitcoin would be good for day trading. if you make the right move in this it could be life changing
El Camexican
01-07-2018, 11:42 PM
Glad to see a thread started on this topic.
Love the concept, but I don't see how this flies long term. As much as a hate taxes something has to grease the wheels. Bitcoin could undo everything FATCA and other recent anti-laundering programs took years to close loop holes on. Now kidnapers and hackers can move their ill gotten booty without fear of detection, at least until they try to turn it back into paper money.
I smell pyramid scheme in the long run. Sure our paper money is no less "fake", but when the bottom falls out a green back is still backed up by a physical infrastructure and a nuclear triad if anyone dares question its value.
I'll take a piece of physical gold or silver over something a solar flair could wipe out.
Good luck Steve, awesome that you got in early :beer
lndy650
01-08-2018, 01:10 AM
i really think there is going to be some major changes in the world in the next few years. a currency where you can send money to wherever you want on a sunday night and its instant and nobody has to approve it? its insane. governments will no longer be able to confiscate your currency, banks cant control the currency.
but i agree El i think it might all fall apart. maybe all other currencies will eventually fall and a cryptocurrency yet to exist will be the one currency used all over the world?
one things for sure, theres going to be alot of changes to come in way of currency. one i think being governments pushing much harder than they already are to squash cryptocurrencies because they wont be able to control it with banks like they can their usd or euro or whatever cash currency it may be.
El Camexican
01-08-2018, 01:48 AM
i really think there is going to be some major changes in the world in the next few years. a currency where you can send money to wherever you want on a sunday night and its instant and nobody has to approve it? its insane. governments will no longer be able to confiscate your currency, banks cant control the currency.
but i agree El i think it might all fall apart. maybe all other currencies will eventually fall and a cryptocurrency yet to exist will be the one currency used all over the world?
one things for sure, theres going to be alot of changes to come in way of currency. one i think being governments pushing much harder than they already are to squash cryptocurrencies because they wont be able to control it with banks like they can their usd or euro or whatever cash currency it may be.
Nuts isn't it? The banks have us by the short curly hairs and I dare say most of us hate it, but without them and the current system it all falls apart. Anyone interested in this topic should watch the Bitcoin documentary. At first I thought it was genius, but after pondering it for a while I see a lot of negatives.
The scariest part from a personal aspect is loosing my wallet password.:(
Some guy on TV the other day said at the current rate of growth Bitcoin transactions could take up half the electricity of the USA and that transactions could take weeks to complete.
China has banned transactions and I suspect the rest of the world will at the very least insist on identifying the owners of this currency when it is withdrawn from cyberspace and used for goods and services.
Food for thought...
I imagine that someone who became a millionaire after buying a thousand dollars of Bitcoin a few years back is supposed to declare it like a stock dividend, no? So how many people will?
When you cross a border you need to declare monetary instruments worth over $10,000, do you declare your Bitwallet? A credit card isn't an issue as the source is traceable, but in theory you could be walking around with millions in untraceable Bitcoins and all you would need to access them is a cyber cafe.
How do the Bitcoin ATM machines work? Could a drug dealer anonymously deposit cash and transform it to Bitcoins to send out of the USA or do you have to identify yourself when buying them?
Interesting times ahead.
lndy650
01-08-2018, 02:07 AM
yes very interesting topics there. as for drug deals and ransom those are definitely the downside to this currency as i think it would be completely impossible to track. most use 256 bit encryption which isnt easy to get past.
as for declaring money that to me is the beauty of this. i can travel the world and i dont have to carry cash or explain what im doing or buying. And then there are taxes. you cant hold a gun to a computer and force it to give you money but you can make the owner of that computer very sorry for not typing the password for you. what im saying is governments are going to punish people that are making all this money on crypto and not giving the government their share. well in my opinion the government shouldnt get a share. there are so many things in this world that are just wrong. you buy a house and some land and its yours but then if you dont pay taxes it can be taken from you! i think once you purchase land it should be yours no strings attached. hell if you improve your land, say you re-paint your house or add some attractive siding well here comes the government wanting more taxes because your property value went up!
it will be fascinating to see all the things that will transpire in the next few years. i just hope we can avoid world war 3 i really dont wanna go out in a nuclear blast. or live in post apocalyptic earth, even though the thought can be cool it would suck real life.
El Camexican
01-08-2018, 02:22 AM
well in my opinion the government shouldnt get a share. there are so many things in this world that are just wrong. you buy a house and some land and its yours but then if you dont pay taxes it can be taken from you! i think once you purchase land it should be yours no strings attached. hell if you improve your land, say you re-paint your house or add some attractive siding well here comes the government wanting more taxes because your property value went up!
Taxes suck, but when you pull out of that driveway you own you're going to want a road, traffic lights and a cop to catch the guy that sideswiped you and took off.
You also don't want all the land in your country owned by one family that pays nothing back for it over 3 generations. We have to contribute keep things running, but the part that makes me sick is where it goes. I heard the other day that 95% of US federal tax dollars collected are spent on interest, medical programs and social security.
lndy650
01-08-2018, 02:30 AM
yes i agree everyone should contribute. I think we need a whole new form of government. democracy is how old? a government where there are many changes one of them being everyone pays a percentage for taxes. lets say 5%. so if you make 10 grand a year you pay in 500 dollars and if you make 10 million a year you pay in 500 thousand dollars. And the tax money goes to important things not back in the governments pockets. thins like police and fire, street care, and medical. our biggest problem is owing other countries so much damn money we need to fix that somehow and in a way where that country isnt gonna be too pissed about the interest they wont get anymore.
oh and i dont claim to be an expert here lol i dont really know all the ins and outs of how things work i just think we need a change
lndy650
01-08-2018, 02:56 AM
of course even if the world ends there will always be 3 things you can count on surviving. Twinkies, cockroaches,.......and........... TRAIL-PROS!!!!!trailprotrailprotrailprotrailprotrailpro: postwhore
or as i called them as a kid abc tires. not sure why i guess the knobs looked like letters to me.
lndy650
01-08-2018, 04:20 AM
dirtcrasher i did see in the toast faq that you need to send at least 20 xrp to a new toast address or it will be bounced back. not sure if this is your problem or not though..
El Camexican
01-08-2018, 06:53 AM
yes i agree everyone should contribute. I think we need a whole new form of government. democracy is how old?
As far as I know it's the newest of the tested forms of government and I'll take it over any of the other options.
our biggest problem is owing other countries so much damn money we need to fix that somehow and in a way where that country isnt gonna be too pissed about the interest they wont get anymore.
Not countries, bankers and they control everything which makes cryptos a problem for them unless they figure out how to control it, in which case it's allure is pretty much gone.
Scootertrash
01-08-2018, 08:30 AM
How do we know that "The Banks" aren't the ones who created and control cryptocurrencies? Ignore the man behind the curtain........
I admit I don't know much about cryptocurrencies, I'll have to do some reading in my spare time.
ironchop
01-08-2018, 09:17 AM
How do we know that "The Banks" aren't the ones who created and control cryptocurrencies? Ignore the man behind the curtain........
I admit I don't know much about cryptocurrencies, I'll have to do some reading in my spare time.
I'll warn you now. It's confusing to read the explanation of how it works and it defies logic. I kept asking myself "how is this even legal?" ......I'm still asking myself this. Then again, after reading The Creature From Jeckyll Island, I'm not sure how the Federal Reserve/ Central Bank are legal either considering the stunts they pull and how they shuffle non-existent dollars about while creating $3-$10 out of every $1 in actual value. Great book.
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oldskool83
01-08-2018, 01:42 PM
i stay away and keep investing in the regular stock market...making more a day then i make at work in a week...screw trends!
El Camexican
01-08-2018, 03:20 PM
i stay away and keep investing in the regular stock market...making more a day then i make at work in a week...screw trends!
Seems like the same thing no? I think Bitcoin opened on the stock exchange in December.
El Camexican
01-08-2018, 05:54 PM
As of today...
https://www.yahoo.com/news/bitcoin-asset-not-currency-israels-central-bank-131502387--business.html?.tsrc=jtc_news_index
Arky-X
01-08-2018, 06:10 PM
I work in the electric utility industry and the catch phrase at a recent conference was "blockchain."
I am still trying to grasp the concept behind it but blockchain is a technology (sort of encryption) that Bitcoin uses. Each transactions is built upon the last going all the way back to the original owner of the Bitcoin. So each transaction requires verification of each block and each block has a certain number of zeros at the beginning which in computing is very difficult or computing intensive. So much that it uses servers upon servers to verify.....hence the electricity concern. Bitcoin miners, which do the verification, are setting up shops in countries with cheap electric rates so they can verify transactions on these blockchains and then they get paid for that computing power. Essentially, they are paid in Bitcoin but it cost them $ in electricity to run the servers so they have to decide if it is worth the moo-lah.
Sorry for the sucky, condensed explanation behind the Bitcoin technology but I don't fully understand it myself. I was trying to relate it to power consumption (someone Google "blockchain" and get back to me.) Based on this though, as long as there are transactions, there will be more Bitcoins produced (mined) because you get paid for verifying transactions. I still don't know who has oversight over this because someone has undone Bitcoin hacks before. I don't know who "they" are.
I remember hearing about the online games Everquest and Second Life where someone had a rare sword (EQ) or a designer pair of shoes (2nd Life) and decided to sell them on eBay. There were buyers willing to pay thousands of dollars for these virtual objects so they could virtually possess these in the game. It blew my mind of the value of this virtual object. Of course, the paper $$ we have is not much different. Supposedly, the economy determines its value (or is it the banks?)
Fabio, be interested to hear your take on this. I've read your comments on how the world views value on things such as energy and oil but if we could remove that valuation we could break out of that way of thinking. It's hard to do when we keep going back to valuing something, even cryptocurrency, in US dollars.
Sorry for hijacking your thread DirtCrasher........
fabiodriven
01-08-2018, 06:29 PM
I'm flattered my name would be brought up so thank you. I've been quiet on this subject because I simply haven't been able to wrap my mind around the entire concept just yet and I'm very cautious and skeptical of much of the information I encounter, so it takes me a while to build up enough knowledge on a subject to stand firmly in one place or the other.
About a month ago I watched a flurry of videos attempting to learn exactly what bitcoin mining is. I had already heard of bitcoin and knew the basic concept, but overall I know very little of what bitcoin actually is and how it works. The videos on mining showed people's different setups that run full-time "mining" these bitcoins and as stated the mining operations require a ton of electricity.
I've been watching this thread and learning and if I learn enough to form an opinion perhaps I will share it.
Bitcoin has all the making of a complete scam. Is anyone familiar with the Emporers Invisible Cloathes story? http://www.pitt.edu/~dash/type1620.html
The best way I've heard it put is by that long haired redheaded dude. Everyone knows that scarcity is what makes something worth money. Basically, bitcoin took nothing and made it scarce, so that nothing is now worth something. I believe soon it will go back to its former value, i mean how can you have a currency you are afraid to spend because you think it's value will go up soon?
With all that said, DC, I'm am very jealous of you. I didn't quite understand the opening but I took it as you have some bitcoins. That is an incredible stroke of genius or luck, either way I hope you make out well on them.
El Camexican
01-08-2018, 08:52 PM
I highly recommend that anyone interested in the subject start by watching this. If you understand it all the first time you should be hailed as some sort of genius which I am reminded daily that I'm not. Watching this and then trying to discuss it with my wife reminds me of quantum physics in that I want to say that I get it in my head, but if you ask me to explain it verbaly I'll look like an idiot.
https://www.netflix.com/mx-en/title/80154500
After seeing the article on the Israeli ruling today I can't help but believe that this stuff will only retain its value until either the majority of countries ban it for retail use, or there are so many other crypto currencies out there that the market becomes super saturated and melts to nothing.
We talk about paper money and how they can't print it fast enough and it's true, inflation is a side effect that proves it's ever diminishing value, but if the day ever comes that paper money is declared worthless the very land we stand on beneath whatever flag is flying over it is what will give value to the next currency. Bitcoin has neither a country, or a square inch of land to put up as collateral.
The scarcity and alleged cap on Bitcoins gives it rarity, but you had that with the gold standard once upon a time. In the event of a global collapse of pare currency I have to assume that the reset currency would be physical precious metals at value to USD as high as $40,000 or an oz of gold according to some articles I've read.
I mention "physical" because according to what I've read paper metals is as much of a scam as Bitcoin and is used by the "bad guys" (IMF, Fed, Illuminate, Burgermisters or whatever you want to call them) as a means to keep the value of the physical metals down to keep hoarders and those with access to it like China, India and Russia from becoming more dominate in global markets, i.e. protecting the petro dollar.
Just learned something! I went to find a link on the USA stalling on returning Germany's gold and it seems they bumped up the deadline: http://www.kitco.com/news/2017-08-24/Germany-Gets-Its-Gold-Back-From-The-Fed-And-It-s-A-Big-Deal.html That the gold actualy exists is good news, but the reasons that countries what to repatriate it isn't. See the quote from the second link
https://gizadeathstar.com/2013/03/mexico-joins-gold-repatriation-bandwagon/
"The old era in which central banking trust was ingrained in the system is gone now – and the ramifications are many even though they have not yet been felt. Central banks and bankers rely on joint programs and coordinated currency approaches. Without trust, strategies are difficult to create and programs are hard to implement.
"This is not a hypothetical observation. As gold prices have moved up and Western currencies have looked increasingly subject to a currency competition, the pressure on politicians to assure gold reserves has increased. Couple this with the overseas storage of much gold reserves, and the situation becomes combustible.
"In the case of Mexico, questions have been raised about the country's off-shore storage of precious metals and its ability to take possession if necessary. These concerns have been magnified by Germany's experience. Germany's Bundesbank intends to repatriate a large portion of gold reserves abroad and by 2020 seeks to have at least 50 percent of its total gold reserves at home.
"This amount includes 300 tons from the Federal Reserve – which the US Fed may or may not have available. It is unclear, as the Fed refused to submit to an audit of Germany's gold. The apparent tension was compounded by the slowness of the repatriation. Germany will get its gold but not for seven years."
Yes, you read that correctly: The Fed has refused to submit to an audit of Germany's gold, and in Mexico's case, the problem is compounded even more, for as the article notes, more than 95% of Mexico's gold is held by the Old Lady of Threadneedle Street, the Bank of England.
If you told me I'd won my choice of 10 bit coins, $50,000USD in cash or 1 ounce of gold, but couldn't touch it for 10 years I'd take the gold in a heartbeat.
Arky-X
01-08-2018, 10:19 PM
Ah, the German gold. Did the article mention that Jewish descendants of the Holocaust suing Germany because of the gold looted from their ancestors?
There is also the theory that the Fed reserve of gold is shared with JP Morgan and others that have vaults in their basements and are physically connected. They can all claim it overstating the amount there. Really no different than loaning $9 for every $1 in savings, I guess.
Arky-X
01-08-2018, 10:28 PM
Sorry if I put you on the spot Fabio. Just trying to wrap my head around the valuation of crypto currency and some of the posts you've made about mankind valuing certain resources (oil). I know it is not a simple as that but this kind of highlights how everything goes back to the monetary value on stuff, even virtual or crypto stuff.
ironchop
01-08-2018, 11:10 PM
I like precious metal. I keep a few pounds of silver eagles around just in case.
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El Camexican
01-08-2018, 11:44 PM
I like precious metal. I keep a few pounds of silver eagles around just in case.
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He who collects gold and silver should always keep a little lead around as well. ;)
ironchop
01-08-2018, 11:47 PM
He who collects gold and silver should always keep a little lead around as well. ;)Covered that
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El Camexican
01-08-2018, 11:47 PM
Ah, the German gold. Did the article mention that Jewish descendants of the Holocaust suing Germany because of the gold looted from their ancestors?
There is also the theory that the Fed reserve of gold is shared with JP Morgan and others that have vaults in their basements and are physically connected. They can all claim it overstating the amount there. Really no different than loaning $9 for every $1 in savings, I guess.
German, Swiss, the Vatican. The darkest spots in the universe can be found inside the hearts of men.
fabiodriven
01-09-2018, 12:31 AM
Sorry if I put you on the spot Fabio. Just trying to wrap my head around the valuation of crypto currency and some of the posts you've made about mankind valuing certain resources (oil). I know it is not a simple as that but this kind of highlights how everything goes back to the monetary value on stuff, even virtual or crypto stuff.
No need for an apology at all.
Dirtcrasher
01-10-2018, 04:13 PM
There are allot of Crypto's out there, so trading for 100$ worth for this, that and the other thing and just holding onto some.
You need Bitcoin to trade for anything, so it works out.
I was able to finally get XRP at Coinswitch, I also got some Potcoin at a great time!! Now I'm looking at some others..
It's hard to get started, the Crypto trading markets are so slow right now because Bitcoin is so volatile!!
It's hard to get a new account started, Coinbase is quick and easy. And Ethureum is and has been going up since I acquired it.
IDK how you guys buy silver and gold and stay off radar. I would love to have some metals as said above, "just in case"!!!!
I'm olding holding a portion of BTC, but trading most for other coins have a massive $ cap and they are barely tapped into. So, we will see how it all plays out.
EDIT:
You cannot go to a bank and walk out with the 30K worth of BTC you have to trade in. BTC is just the 1st to dominate but it's too late for anyone to buy it now IMHO.
And it was JUST LUCK. I couldn't download my movies :beer and the torrent site only accepted BTC for another 6 months of hidden ISP downloads!!!!, That's how I had the BTC change!! And it was SUPER DIFFICULT to buy, I was getting pissed back then!!
And that's what happened the other night, I could't buy XRP to save my life!! and I thought "Mother F'er here we go!!".
El Camexican
01-10-2018, 04:39 PM
IDK how you guys buy silver and gold and stay off radar. I would love to have some metals as said above, "just in case"!!!!
Completely off radar is only possible with cash transactions, but the amount you'd need to buy in order to force the seller to comply with any reporting laws is pretty substantial. Even if you did get close to the magic number you could just switch sources. Here's a little info on it https://www.moneymetals.com/news/2015/03/02/the-ins-and-outs-of-government-reporting-000675
ironchop
01-10-2018, 04:53 PM
... IDK how you guys buy silver and gold and stay off radar. I would love to have some metals as said above, "just in case"!!!!
....
I walk into my local coin dealer and buy 5 silver eagles at a time every so often so that the fee is lower. I was getting new minted ones for $20 ea (a Troy ounce of .999) The spot price at that time was about $17.50 so my dealer gets $2.50 a coin or less since they pay a fee to their dealer too.
Most coin dealers, including all my local ones, also sell bullion silver and bullion gold too but since I don't usually drop more than $100 at a time, I'm not buying those bigger quantities. I was definitely off the radar as nobody asks who you are. Cash is King. Now that I made a forum reply, I'm totally on the radar now. This message will self destruct.
I've also bought silver off eBay a couple times when the market was looking shady and my local dealer was sold out of everything at the moment. You can find coins and bullion there too but, of course, your transaction would be recorded somewhere, I'm sure.
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knappyfeet
01-10-2018, 05:08 PM
I walk into my local coin dealer and buy 5 silver eagles at a time every so often so that the fee is lower. I was getting new minted ones for $20 ea (a Troy ounce of .999) The spot price at that time was about $17.50 so my dealer gets $2.50 a coin or less since they pay a fee to their dealer.
There's a few places here locally that you can walk in and purchase on a cash basis but in my case the supply is spotty and the markup is way more than 2.50 a coin.......usually $4 per coin on average.
I've purchased from JM Bullion for years and they accept Bitcoin, Paypal,....practically whatever but you have a record and trail of what you've purchased. I wouldn't be suprised if they start accepting dogecoin or whatever else.
It will soon be and in some cases already existing no real way to stay off the radar.....even with cash.
ironchop
01-10-2018, 05:19 PM
.
It will soon be and in some cases already existing no real way to stay off the radar.....even with cash.There's probably a Google Maps sattelite that x-rays my house every time it flies over and sees where it's buried. You can't hide from SkyNet.
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El Camexican
01-10-2018, 06:07 PM
It will soon be and in some cases already existing no real way to stay off the radar.....even with cash.
I wish I could explain in less than 10 hours and 200,000 words what's happening down here with respect to the monitoring of transactions, but in brief...
- All phone, Internet, etc. communications (including this one) are LEGALY being recorded including many encrypted communications (thank you Israel).
- All cash deposits over the equivalent of $830USD either in lump, or by month are reported by the banks, vehicle purchase and registrations are all reported to the tax man.
- All invoicing and wage payments are routed through a government server. When I say routed I mean it has to pass through their system of checks and balances before it can even be printed off your printer. In other words if your company, or you as an employee has issues with the tax man they could halt the transaction before it ever happened.
- As of this year all sales of goods have a unique code number that must appear on all invoices. If I buy a plate of steel the seller needs to provide the corresponding code with it that I then need to reference as I transform it and further commercialize the item.
I still haven't made an invoice this year because I don't know how!!! If I build something that uses steel, plastic, bolts and paint I may have to report all 4 codes on the invoice as well as labor. All the schools for this are booked solid and the companies we pay to certify our invoices don't even answer the phone. Yesterday I talked to the owners of a company that employs over 1,500 people in 8 locations and they haven't be able to make an invoice either! These guys would normally issue a thousand invoices a week and they're still handcuffed over this transition.
Just trying to buy a can of Coke here is a 15 minute process because everyone in line at 7-11 or OXXO is using a debit card to buy a liter of milk, or a pack of smokes. The exchange houses are another story. Depending on where you go they are supposed to ask for ID on all transactions and limit you to something like $300 a day in exchange, but I've heard that not all are doing it. I'd advise anyone coming down here to vacation to bring a bank card to make withdrawals with if you're scared to use credit cards down here and if you do go to an exchange house keep that the receipt and maybe take a photo of the place as they could take the photo copy of your ID and claim you exchanged enough money to fund the cartels for a year. I had something along these lines happen to me.
Anyway, I'm getting off track here. My point is that Mexico is going cashless and all transactions are going to be in a single database very soon. They will know exactly what you've earned, where you spent it and what you have in your home. I foresee that the final phase will be a barcode ID that will have to be scanned for all remaining cash transactions and then they will have all the pieces needed to complete everyone's individual financial puzzle and I have no doubt that any deviations will result in a rectal exam.
knappyfeet
01-10-2018, 06:10 PM
You can't hide from SkyNet.
Your right!
I have Cyberdyne gauges on my elco and it's always looking straight at me............and it's red like the T-800!
249174
ironchop
01-10-2018, 07:02 PM
I wish I could explain in less than 10 hours and 200,000 words what's happening down here with respect to the monitoring of transactions, but in brief...
- All phone, Internet, etc. communications (including this one) are LEGALY being recorded including many encrypted communications (thank you Israel).
- All cash deposits over the equivalent of $830USD either in lump, or by month are reported by the banks, vehicle purchase and registrations are all reported to the tax man.
- All invoicing and wage payments are routed through a government server. When I say routed I mean it has to pass through their system of checks and balances before it can even be printed off your printer. In other words if your company, or you as an employee has issues with the tax man they could halt the transaction before it ever happened.
- As of this year all sales of goods have a unique code number that must appear on all invoices. If I buy a plate of steel the seller needs to provide the corresponding code with it that I then need to reference as I transform it and further commercialize the item.
I still haven't made an invoice this year because I don't know how!!! If I build something that uses steel, plastic, bolts and paint I may have to report all 4 codes on the invoice as well as labor. All the schools for this are booked solid and the companies we pay to certify our invoices don't even answer the phone. Yesterday I talked to the owners of a company that employs over 1,500 people in 8 locations and they haven't be able to make an invoice either! These guys would normally issue a thousand invoices a week and they're still handcuffed over this transition.
Just trying to buy a can of Coke here is a 15 minute process because everyone in line at 7-11 or OXXO is using a debit card to buy a liter of milk, or a pack of smokes. The exchange houses are another story. Depending on where you go they are supposed to ask for ID on all transactions and limit you to something like $300 a day in exchange, but I've heard that not all are doing it. I'd advise anyone coming down here to vacation to bring a bank card to make withdrawals with if you're scared to use credit cards down here and if you do go to an exchange house keep that the receipt and maybe take a photo of the place as they could take the photo copy of your ID and claim you exchanged enough money to fund the cartels for a year. I had something along these lines happen to me.
Anyway, I'm getting off track here. My point is that Mexico is going cashless and all transactions are going to be in a single database very soon. They will know exactly what you've earned, where you spent it and what you have in your home. I foresee that the final phase will be a barcode ID that will have to be scanned for all remaining cash transactions and then they will have all the pieces needed to complete everyone's individual financial puzzle and I have no doubt that any deviations will result in a rectal exam.
Wow..
All of America's phone, internet, and other communication, travel data, other purchase data is being legally recorded and stored here as well. Israel has a hand in on this one too but we also built a huge data collection center in Utah, and then denied what it would be used for even after getting caught using it for what they promised it wouldn't be....they said it will protect us from terrorists though we've had dozens of attacks after the fact. Seems like America monitors everyone except for terrorists domestically
https://en.m.wikipedia.org/wiki/Utah_Data_Center
All my banking is electronic in most cases already though I do withdraw petty cash and use it for small stuff or to purchase used stuff because people are suspicious of paper checks. Everyone here uses debit cards for even a single pack of gum. It's annoying because it almost always takes longer to scan a friggin card four times until it takes or until you finally remember your PIN number.
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El Camexican
01-10-2018, 07:24 PM
All my banking is electronic in most cases already though I do withdraw petty cash and use it for small stuff or to purchase used stuff because people are suspicious of paper checks. Everyone here uses debit cards for even a single pack of gum. It's annoying because it almost always takes longer to scan a friggin card four times until it takes or until you finally remember your PIN number.
I'm old school. I take my plastic to the ATM, pull enough paper out for the week and pay cash for everything. Where I eat, drink, shop and buy my gas is no ones business and I pride myself on being able to pay for a coffee in less than 5 minutes.
BTW, I was told by someone who knows a little about government info tracking down here that our data base might not even be in the country. I'm thinking it might be going to Utah as well.
ironchop
01-10-2018, 07:30 PM
I'm old school. I take my plastic to the ATM, pull enough paper out for the week and pay cash for everything. Where I eat, drink, shop and buy my gas is no ones business and I pride myself on being able to pay for a coffee in less than 5 minutes.
BTW, I was told by someone who knows a little about government info tracking down here that our data base might not even be in the country. I'm thinking it might be going to Utah as well.Right I do that too. But a large portion of my income goes to large bills like housing, insurances of all types, utilities, car payments, doctor bills, groceries, etc. and I pay electronically. Everything else is cash.
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El Camexican
01-10-2018, 09:36 PM
Right I do that too. But a large portion of my income goes to large bills like housing, insurances of all types, utilities, car payments, doctor bills, groceries, etc. and I pay electronically. Everything else is cash.
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Same here. The big stuff has to be check, transfer or card. Anything paid in cash over $2000 Pesos ($110.00 USD) isn't tax deductible, but the day I have to pay for Tic Tacks with a debit card is the day I have bad breath.
Todays News: https://www.yahoo.com/news/bitcoin-mining-sucks-much-electricity-140843956.html
"Bitcoin is the single most alarming addition to global warming since the 7.3 powerstroke began spewing unburnt hydrocarbons in 1994."
-86T3
You heard it here first folks
Dirtcrasher
01-10-2018, 10:19 PM
I will check my local coin dealers, thank you!
I saw a couple videos on fake silver off EBAY, so unless I cut it all up, I don't trust the sellers there....
Ripple hit it's lowest ever, about 1.60$ each this morning, I was able to get home and grab it at 1.87 and it should rise after todays sell off.
Suppose it goes up .19c and you had 1- 15K Bitcoin worth of XRP, you make 1500$, if it goes back up to about 4$, it would then be worth about 30K in BTC...
And that trailprotrailprotrailprotrailpro happens in days sometimes.
2018 - "Team Bitcoin" EDIT - XRP dropped to 1.58$ @ 11:30pm EST for a new low, buy buy buy!!!!
El Camexican
01-11-2018, 01:36 AM
I will check my local coin dealers, thank you!
I saw a couple videos on fake silver off EBAY, so unless I cut it all up, I don't trust the sellers there....
Ripple hit it's lowest ever, about 1.60$ each this morning, I was able to get home and grab it at 1.87 and it should rise after todays sell off.
Suppose it goes up .19c and you had 1- 15K Bitcoin worth of XRP, you make 1500$, if it goes back up to about 4$, it would then be worth about 30K in BTC...
And that trailprotrailprotrailprotrailpro happens in days sometimes.
2018 - "Team Bitcoin" EDIT - XRP dropped to 1.58$ @ 11:30pm EST for a new low, buy buy buy!!!!
Canadian silver and gold coins from 2016 and up are supposed to be the hardest to fake, but the way I see it, the older the date on the coin the easier it is to explain how it came into your hands.
Scootertrash
01-11-2018, 08:27 AM
In the end none of us are getting out alive, so we got that going for us.........
https://youtu.be/pVY1-v97Mic
Scootertrash
01-11-2018, 08:45 AM
https://news.bitcoin.com/miami-bitcoin-conference-stops-accepting-bitcoin-due-to-fees-and-congestion/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
http://fortune.com/2017/12/15/bitcoin-dirty-secret-energy-use-pollution/
El Camexican
01-11-2018, 08:51 AM
I like to use my "PIE" for movie`s that are still in theater ...........i never pay for DVD`s ........unless you`re buying Snuff films or kiddy sh!t....nobody does that ? ........it`s hard to be as slick as Nico Suave International Man of Mystery especially when you get shaken down in Mex. .......the banks are as criminal as the Postal service ........i guess you need to ride Cowboy style with $10K a pop .........pisses me off ya can`t support your family without the "maggots" getting in the way ! .....and the GUNS there all ready to fire !........... ready to fire ......we could be HERO`S .....just for one day ! ..........many moons ago used to go to T J and play with banks for double digit interest !.........went by-by with the 90`s........it`s all corrupted now.......maybe off shore internet gambling ? .......were sorry that Acc. no longer exists .......i don`t know how you guy`s are gonna hide your nut`s in the future .........playoffs ?........don`t talk to me about........playoffs ....
Elections are this year, look up “AMLO”. Promising the same things as Hugo Chavez who allegedly funded his 2006 campaign which he lost by a fraction. He’s leading in the polls now. Last I heard promising 3,000 Pesos a month to anyone without a job.
ironchop
01-11-2018, 10:24 AM
Elections are this year, look up “AMLO”. Promising the same things as Hugo Chavez who allegedly funded his 2006 campaign which he lost by a fraction. He’s leading in the polls now. Last I heard promising 3,000 Pesos a month to anyone without a job.Bernie Sanders is running in Mexico?
[emoji23][emoji23][emoji23]
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El Camexican
01-11-2018, 10:47 AM
Bernie Sanders is running in Mexico?
[emoji23][emoji23][emoji23]
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Nailed it!
ironchop
01-11-2018, 11:09 AM
Nailed it!Seems to be contagious. Remember back when Oprah was just a black version of Sally Jesse Rafael? Interviewing a non-stop parade of social outcasts, miscreants, attention whores, and mentally disturbed people.
So she revamps herself as more a Barbara Walters in a struggle to be relevant and it works. She builds a strong base among celebrity-worshipping Caucasian females and shemales and then clinches their support by......wait for it......giving away free S#$T to her overwhelmingly Caucasian audience members while posing as some sort of advocate for the struggle of black Americans. Apparently, giving free cars, face cream, and cruises to white women smashes inequality right in the mouth. I know it's made a huge difference in my local black communities what with all those white women on free vacations and reading 50 Shades of Sexually Bored and voting Democrat for Equality.
Once again, half of our country is swooned into supporting more free stuff and the Robin Hood as Government Plan where those with money are robbed blind so that the thieves and the poor can split the loot between each other.
She played a slave on TV twice so she obviously has her finger on the pulse of Oppression. She has pretended to be poor and persecuted in the movies, therefore she understands what it's like to live without Hope or running water.
Oprah is just the latest face of the FSA. (Free S#$T Army) One time she built an all-girl school in Africa for $3700. Obviously she's willing to sacrifice so much for others. The best way to counter mysogony and sexist oppression by Islamic Fundamentalists running your country is to have an American Infidel thumb their nose at Allah and build a school for girls right under your nose....that will teach you!
Is she qualified to run a nation? Who cares? She won an Oscar and she's better than you. And we love her because she promises Free S#$T and she will deliver. You think those white women came to see Tiny Tom Cruise? Nope. They came for the free stuff.
"In a nation full of children, Santa Claus wins the election every time"
----- Unknown
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knappyfeet
01-11-2018, 01:22 PM
Seems to be contagious. Remember back when Oprah was just a black version of Sally Jesse Rafael? Interviewing a non-stop parade of social outcasts, miscreants, attention whores, and mentally disturbed people.
So she revamps herself as more a Barbara Walters in a struggle to be relevant and it works. She builds a strong base among celebrity-worshipping Caucasian females and shemales and then clinches their support by......wait for it......giving away free S#$T to her overwhelmingly Caucasian audience members while posing as some sort of advocate for the struggle of black Americans. Apparently, giving free cars, face cream, and cruises to white women smashes inequality right in the mouth. I know it's made a huge difference in my local black communities what with all those white women on free vacations and reading 50 Shades of Sexually Bored and voting Democrat for Equality.
El Ironchoppo is on fire!
Those idiots don't count choppo......only to them and all the other wack job penis touchers. The more they parade the more they look stupid and loose to the normal folk....which is most of us.
Kraken.com is off line this morning. I don't really trust bitstamp. I wish coin base would trade in XRP.....their operation seems smoother
Scootertrash
01-11-2018, 02:11 PM
That's kind of a cocky attitude. At least you weren't too much of a dick about. ;):naughty::beer:lol:
lndy650
01-11-2018, 02:20 PM
El i love where you said you understand it but try to explain it verbally you look like an idiot lol! the easiest way ive found to explain pretty much all the crypto currencies is Work Equals Money. or really work equals currency. thats all it is computers doing work on the blockchain or whatever each one calls it and uncovering more and more currency and the miners getting a small cut. i feel the same way. ive started doing some mining but it takes a huge amount of electricity so we will see if start up and national grid can be payed off by mining.
Myself im not touching ripple/XRP its wayyyyyy to volitile. its history looks like a ripple so they picked a good name! i like ethereum because its by far the most constant and it has a way better and safer system than bitcoin.
Scootertrash
01-11-2018, 08:35 PM
Students mining bit coin in their dorms:
https://qz.com/1160667/the-secret-lives-of-students-who-mine-cryptocurrency-in-their-dorm-rooms/
LOL at this dickweed, actually both of them:
Mark figures the university owes him, anyway. “The only thing that I’m concerned about is if somebody at MIT comes after me for unnecessarily using their electricity, which I think is kind of silly considering how much it costs 2 to go here,” he says. James Spann, a sophomore at the Rochester Institute of Technology who also mines crypto, echoed Mark’s reasoning: “The electricity and internet are part of the tuition.”
The estimated cost of attendance for undergraduates at MIT is $67,430 for the 2017-2018 school year.
I'm amazed that the libtards haven't glommed on to this as a "global warming" concern. The huge drain on the power grid, not to mention the massive amounts of heat released into the atmosphere.
Graphics cards and RAM prices increase due to mining:
https://www.pcgamesn.com/amd/graphics-card-price-increases
lndy650
01-11-2018, 09:29 PM
oh ya the prices of hardware increased alright many stores were out of stock just after bitcoin started skyrocketing. im using 2 gtx 1080ti's and i just started but im guessing about a grand a month. of course it only gets harder as more blocks are completed so in a year i might be making less. they say bitcoin wont reach the max 21 million until 2140 so i think i can manage to make money for a few years still. we shall see...
Dirtcrasher
01-12-2018, 09:20 PM
I cannot trust the time of any trades; It's ruining my ability to make moves at the right time.
It takes 15 minutes for a trade to go thru, and in Crypto's, that's a long time....
ironchop
01-12-2018, 09:23 PM
I cannot trust the time of any trades; It's ruining my ability to make moves at the right time.
It takes 15 minutes for a trade to go thru, and in Crypto's, that's a long time....Holy cow! That is a long time. I've seen fluctuations of $400-500 in just fifteen minutes and I'm sure it's been higher than that.
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knappyfeet
01-12-2018, 11:44 PM
It takes 15 minutes for a trade to go thru, and in Crypto's, that's a long time....
All of them are running slow except coinbase. Kraken has been unavailable for 2 days now........that's crazy?! I've completely lost any trust I've had with them.
Imagine TD Ameritrade down for 2 days?.....can't reach your account or withdrawal?
lndy650
01-13-2018, 06:49 PM
Guys I'm using a site called binance.com it has dozens of different currencies and every transaction ive done has been almost instant. its super easy once you get the hang of the set up I can help if anyone has ?'s. you just sign up with an email and start its optional but I did the 2nd security measure where they send the code to your phone.
I did my first trade in minutes no need to scan your id and all that crap. only thing is once you get what you want id send it to an offline wallet so its secure. but ya they have xrp/ripple, ada, dash...pretty much every crypto currency you can find is on this site and if you have bitcoin or ethereum you can trade for it!
lndy650
01-13-2018, 06:51 PM
oh and if a certain currency is backed up theres a little ! next to the currency and when you click on it it will tell you backed up from congestion or whatever the problem is but very few are backed up right now and ive never even heard of them. they also have stellar, iota, neo, Walton and many other promising currencies.
El Camexican
01-13-2018, 09:01 PM
oh and if a certain currency is backed up theres a little ! next to the currency and when you click on it it will tell you backed up from congestion or whatever the problem is but very few are backed up right now and ive never even heard of them. they also have stellar, iota, neo, Walton and many other promising currencies.
Pretty soon there were be more of them that there are Pogs.
lndy650
01-14-2018, 08:21 PM
Ijust bought into VibeHub, Stellar Lumens, Decentraland, and Ada/Cardano. So many promising projects. You guys should check out VibeHub they are doing some downright amazing things with virtual reality!
lndy650
01-14-2018, 08:33 PM
Decentraland looks cool too its a virtual reality where you buy plots of land. I dont know what its going to end up being if you can like build a house and ride 3 wheelers lol but its gonna be awesome thats for sure!
lndy650
01-16-2018, 08:58 PM
thangs arent looking too bright right now with South Korea saying they are going to ban crypto trading. bitcoin and ethereum are plummeting...
El Camexican
01-17-2018, 01:35 AM
thangs arent looking too bright right now with South Korea saying they are going to ban crypto trading. bitcoin and ethereum are plummeting...
Saw that. I figure more countries are going to do the same until they can figure out how to tax it.
Rob Canadian
01-18-2018, 12:59 AM
Saw that. I figure more countries are going to do the same until they can figure out how to tax it.
I can see that. I know revenue is looking into it here.
Dirtcrasher
01-19-2018, 04:46 PM
All of them are running slow except coinbase. Kraken has been unavailable for 2 days now........that's crazy?! I've completely lost any trust I've had with them.
Imagine TD Ameritrade down for 2 days?.....can't reach your account or withdrawal?
You are 100% correct. Bittconnect is a Ponzi scheme, glad I didn't use them. But I have read Poliniex sp? But, it's slow as crap as well.
lndy650
01-19-2018, 07:56 PM
last time i looked at poliniex they werent taking new members until they catch up. binance is the only one ive had luck with lately but some of the currencies have super high fees. decentraland is like 15 bucks for a withdrawal!
knappyfeet
01-19-2018, 08:27 PM
binance is the only one ive had luck with lately but some
Binance has a good platform but...........I just don't like scanning ID cards and uploading personal data like phone bills, electric bills, etc........ to a company in China or Hong Kong or Prague or wherever they are from with servers in Korea.
lndy650
01-19-2018, 08:44 PM
binance doesnt make you do any of that unless your trading huge amounts. like 6 figures
knappyfeet
01-19-2018, 09:12 PM
binance doesnt make you do any of that unless your trading huge amounts. like 6 figures
your right..........I was thinking of bitstamp
there's so many I get them confused
lndy650
01-19-2018, 09:39 PM
ya almost all of them make you do that thats why i like binance. plus ive listened to the CEO speak and it at least seems their intentions are good. he was very intent on boosting customer support and sounded like he truly cares. of course im sure his main priority is still money
lndy650
01-20-2018, 01:57 AM
249555lllllllloooooolllllllllll
Dirtcrasher
01-23-2018, 05:44 PM
If not seen or covered before,This is what went down recently:
A Cryptocurrency trading and lending platform to store your coins, buy/trade for other coins and they had a program that would lend people Crpto to new people, (so they could trade, make money and pay the loan back),and it promises that if you lend, you will never lose a dime of what you lend, and promoted that you will actually make money by getting others into their program (Ponzi scheme) based on the number of referrals you send them, you are paid in Crypto.
So, who knows how many thousands of hundreds of thousands of Bitcoins (worth about 12K per coin), and or a combination of another coin based on Bitcoin, were actually in their systyem?
Lots of people had all their coins on there and the site went down for maintenance, which had often happened before. But a few days or a day later there was a message stating that their "lending portion" would be ending and they'd just concentrate on trading once back online. When they did get back online, they left yet another note something to the effect of: "Well were keeping all your Bitcoin that was in that program and we're beginning to refund the affected accounts. And instead of the valuable Bitcoin you had stored with us at BITCONNECT,we're gonna refund you 100% but in our coin BCC dollar for dollar".
BCC worth went from about 320$ a coin, down to DRUMROLL PLEASE!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !
16.38$ per coin.
People lost millions of Bitcoin for a now worthless Cryptocurrency, and I didn't use them but watched allot of videos of people promoting them!!
Peace out, I gotta go finish my fork seal :D
Scootertrash
02-04-2018, 11:50 AM
http://www.businessinsider.com/jp-morgan-bank-of-america-citigroup-ban-bitcoin-credit-card-buying-2018-2
Dirtcrasher
02-04-2018, 08:50 PM
http://www.businessinsider.com/jp-morgan-bank-of-america-citigroup-ban-bitcoin-credit-card-buying-2018-2That's a good thing!!
Lots of people jumped in at 15- 19k BTC. They are losing money during this cycle of "uncertainty.
So what do they do? Panic!! And they sell low!! It always comes back, history proves it....
It starts to get rolling again, then people buy back in but at a higher cost and miss the opportunity.
Let me tell you this, my advice is that one should keep track of these 9 coins - XRP, XLM, LTC, TRX, ADA, NEO, ETH, XVG and IOTA.
They are ALL in the gutter today and it's time to buy.
Most people are scared and selling off with a loss, that's when you buy.
I only learned a few weeks ago how to place a "stop limit" on a crypto currency in the market. It converts your CC to "Fiat", which protects the selected currencies from dropping below a certain limit.
If you weren't watching, and and didn't have these, you are probably down 70% since January 1st 2018.
The market needs regulating, it needs to go thru all of this.
I suggest people cash in their cans, sell a part or two, quit beer for a month, but generate about 500$ to risk.
Purchase just 50$ or 50 coins of each Crypto currency I listed or pick your own. A few of these are less than .04 to .50 cents each!!
In a year or two, please remember me and buy me a 450 build. Thank you and enjoy the market. [emoji16]
Long term HLDR!!
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Dirtcrasher
04-12-2018, 08:42 PM
Are any of you guys interested in Cryptoland??
BTC has deflated and soon should reach an all time low. This is one chance in your life to take a risk. I've seen how most people reply to this schit, so I'm not here to tell you all the wonderful advances that blockchain creates, why it's important yada yada.
But, I can tell you this. I have now had the opportunity to buy in, wait a day or as much as a week, and sell it back for a 15 - 50% profit. I've done it, many times now and I'll keep doing it; All I have to do is pay short term capital gains...
The Rothchilds and Soros have decided to jump on the wagon (as of 2 days ago that is), so you know it's a money maker. And I'm not here to give you advice, but this is like shooting fish in a barrel...
Not trying to be cocky guys, I just can't believe I'm the only one taking this bull by the horns. Anyhow if the past 3 months are a good indicator of the future, well, I'm pretty excited :D
El Camexican
04-13-2018, 12:25 AM
Are any of you guys interested in Cryptoland??
BTC has deflated and soon should reach an all time low. This is one chance in your life to take a risk. I've seen how most people reply to this schit, so I'm not here to tell you all the wonderful advances that blockchain creates, why it's important yada yada.
But, I can tell you this. I have now had the opportunity to buy in, wait a day or as much as a week, and sell it back for a 15 - 50% profit. I've done it, many times now and I'll keep doing it; All I have to do is pay short term capital gains...
The Rothchilds and Soros have decided to jump on the wagon (as of 2 days ago that is), so you know it's a money maker. And I'm not here to give you advice, but this is like shooting fish in a barrel...
Not trying to be cocky guys, I just can't believe I'm the only one taking this bull by the horns. Anyhow if the past 3 months are a good indicator of the future, well, I'm pretty excited :D
Put a little into cryptos based on one of you posts a few months back. So far I’m down about 30%. Going to leave it till it’s gone or I’m a gazillionair.
I want to understand this stuff, but just cant. Hell, I couldn't even read this whole thread without my head hurting.
fabiodriven
04-13-2018, 06:28 AM
I want to understand this stuff, but just cant. Hell, I couldn't even read this whole thread without my head hurting.
Same here. I have no idea how this works at all.
El Camexican
04-13-2018, 07:54 AM
It’s pretty simple in my mind. Same as paper money and anything else, it’s worth whatever someone will give you for it.
The difference is that unlike paper it can’t be printed wildly as the amount that exists is fixed for each type.
The downsides are that it’s never more than a forgotten password away form being gone and there’s no limit to how many of these can be invented.
I still think it’s just an electronic pyramid scheme, but if it isn’t I’ve got a little piece of the future now.
For it to become the currency of choice I think a major currency like the greenback would need to collapse.
fabiodriven
04-13-2018, 08:11 AM
That part seems pretty obvious. At what point does it turn into a currency that can be shown in your bank account? That's how I ended up (trying to) learn about bitcoin mining, and I watched a video probably close to an hour long on the subject. All I got out of that video is that it takes a lot of electricity to mine bitcoin which causes a lot of heat. I have no idea how something which doesn't physically exist can somehow turn into something which requires so much electricity.
So you put your "cash" (already electronic money but for some reason it doesn't require gobs of electricity to exist) in one end, it magically becomes bitcoin, a bunch of electricity is used and heat is made, and out the other end comes more "cash". I still don't understand.
If this is something that's worth me dumping a couple bucks in as Steve is asserting, I am certainly not opposed to having extra currency, however I still fail to see how this actually works. If it's easy enough to throw a few bucks at, I would like to do that.
El Camexican
04-13-2018, 08:30 AM
That part seems pretty obvious. At what point does it turn into a currency that can be shown in your bank account? That's how I ended up (trying to) learn about bitcoin mining, and I watched a video probably close to an hour long on the subject. All I got out of that video is that it takes a lot of electricity to mine bitcoin which causes a lot of heat. I have no idea how something which doesn't physically exist can somehow turn into something which requires so much electricity.
So you put your "cash" (already electronic money but for some reason it doesn't require gobs of electricity to exist) in one end, it magically becomes bitcoin, a bunch of electricity is used and heat is made, and out the other end comes more "cash". I still don't understand.
If this is something that's worth me dumping a couple bucks in as Steve is asserting, I am certainly not opposed to having extra currency, however I still fail to see how this actually works. If it's easy enough to throw a few bucks at, I would like to do that.
That’s the irony of it. Take paper money, buy electronic money and then turn it back into paper money so you can spend it.
Just like gold, there are some places that will take gold as payment, but in most cases if you want to spend it you need to turn it into paper money first.
As far as learning how to mine it and how the block chains work before owning any I’d liken that to suggesting that a teenager learn how to distill petroleum and grind a camshaft profile before driving a car. No need, something you can pickup later if it interests you. Did you watch the Bitcoin movie/documentary yet?
fabiodriven
04-13-2018, 08:51 AM
Lmfao! Nice analogy Nico! I watched a bitcoin documentary, not sure if I watched the one you're referring to.
El Camexican
04-13-2018, 09:43 AM
Lmfao! Nice analogy Nico! I watched a bitcoin documentary, not sure if I watched the one you're referring to.
It's a movie called "Banking on Bitcoin" You won't be able to mine a Bitcoin after watching it, but you will learn the basics of how block chains works and how Bitcoin became what it has.
Bob Smith
04-13-2018, 11:08 AM
This stuff frightens me. I put my investments in good ole saving accounts at the local bank. I think I had a 2 percent return and was tickled pink. Maybe some low risk Municipal bonds one day, but no fake coin stuff for this wild man.
fabiodriven
04-13-2018, 11:15 AM
This stuff frightens me. I put my investments in good ole saving accounts at the local bank. I think I had a 2 percent return and was tickled pink. Maybe some low risk Municipal bonds one day, but no fake coin stuff for this wild man.
Sounds good Damon.
Dirtcrasher
04-13-2018, 09:35 PM
Bitcoin is just one of many Cryptocurrencies. There are hundreds of different coins/ tokens representing different uses for blockchain. I picked a few that seem to have incredible visions and they will impact on our everyday lives.
Cryptocurrency is simply digital currency used on the internet, that's all. If you bought 1 Bitcoin yesterday at 6300$, you should have sold it this morning at 8200$, you made 1900$ in a day, congrats, and you reinvest it again as it goes down (going down now!!). It's real and you merely convert it back to sawbucks and pick it up at your bank.
All of the payments sent must be verified by the 2 opposing addresses. Your computer or others can be set up to "mine" that currency, your computer is just part of the verification process.
Blockchain is just a ledger that confirms where your money went and how much was there. It's not private in the least, it actually helped bag the guy selling drugs on "Silk Road" and put him in jail.
In a decentralized application, you can send a payment of millions of dollars and it is agreed upon by each parties relative position in that particular node.
It's free, no fees and no waiting to send someone money simply with your private key.
You need not have a mortgage in the future, you will have a "smart contract" using blockchain to verify your payment, that was free and without a stamp.
Amazon recently picked up a few new web addresses, such as "Amazonbitcoin.com" and "Amazoncryptocurrencies.com" was also purchased by Amazon back in February I believe. (CHECK FOR YOURSELVES!!)
I can see the writing on the wall and I'm taking it. If companies like Paypal use any of the tech currencies I picked, it will be a very very very good day for me...
The internet of things is upon us, they're incorperating "smart" into everything we purchase.
I have always wanted to invest in stocks and I just saw opportunity knocking on my door.
The craziest thing is everyone seems afraid of this schit, when they really should be trying to figure out how to benefit from it.
It's coming whether people want it or not. I figured it out by reading 1 book and watching a few dozen hours on Youtube...
fabiodriven
04-13-2018, 10:25 PM
How much to begin and where do you put it?
Dirtcrasher
04-14-2018, 09:29 PM
You can merely "buy on the dip" any Cryptocurrency you chose. You have to start by opening an account for Coinbase or Abra or GDAX, then you trade it for anything you believe in, but wait till it's crashed and low... You can invest 10$, 100$ or 10,000$...
Let me explain just a little bit; Lets take the coin exchange website Binance. They just came about in 2017 but have proven to be a popular exchange with people. Binance has a coin called BNB. At one time BNB was .0001c, when I got in 2 months ago it was under 5$, today it sits at 12$ and only 1% of the population know it EXISTS let alone understand it. Had I got in last year, I would already be a millionaire.
Another coin would be EOS. It's good to put a third into your $$ into a tech that you feel will prevail. EOS, is coming alive in June of this year, I got in EOS at 4$, it hit 8.50$ last week and could be IN THE HUNDREDS this JUNE if the new EOS platform launches as expected.
NEO, which is just another Etherium which rivals BTC's proof of work, it hit 162$ in January and on a dip 2 weeks ago it was 45$, today it is headed back up today at 64$ and climbing. People already will double their money in 15 days.
Need not understand all of it, understand you can take advantage of this. It is legal, you get your profit at your bank and pay your taxes. Understand that i'll put it this way, If a person had invested 3$ at the right time a month ago, today it's worth 5$ and next month it'll be worth 10$ this month. Doesn't sound like schit right?? What if the 300$ were $500, or the 3000$ turns to 5000$, maybe you fancy 300,000.00$ and a 500,000.00 payout??!!
It's all real, you can read the damn charts at Coinmarketcap.com. Laugh all you wish, you will all remember that I tried to tell you guys you had an opportunity. I just want it to dump to 5500$ one more time!! Price action says that's coming.
Or just sit back and laugh at "what DC is doing", I'm humbled...
Just Google it or ask a friend, nobody knows about this, it's less than 1% of the population (Larger in Eastern countries), I didn't understand any of it when I started this thread just 3 months ago.... But I spent 24/7 trying to figure it all out.
Dirtcrasher
04-14-2018, 09:57 PM
One that I didn't know existed was ONT, Ontology - "PEOPLE" got in at 1.85$ on the 28th of March and out 10 days later at 4.57$.
So if, your 185$ became 457$ = 272$, short term capital gains of roughly 47% = 128$ for taxes.
Total profit = 144$ in a week in a half for your 200$ investment. This is one example, but not like most things where the example you see RARELY happens, in Cryptoland 20% can happen in 2 hours!! Yes, you can also LOSE IT ALL!! Don't be a fool....
fabiodriven
04-14-2018, 10:47 PM
Very good Steve, thanks a lot! I'm going to look into this and see if I can figure it out. Some of this seems a little over my head but I'd like to get involved. I for one am not laughing at you and I thank you for sharing this!
Dirtcrasher
04-15-2018, 01:03 AM
I'll say this, I feel SO STUPID from when I 1st started this thread. I didn't know SCHIT!!
But now I look back and laugh and the mistakes I made. If I could do it all again I would have started on the crash of February 5th, THAT was the day to dump 10K in there...
I think it's all easy now, but I did have allot of trial and error and NO ONE wants to help, REDDIT has Sub catagories for EVERY SINGLE coin, Search Reddit BNB, Reddit EOS. You need BTC, ETH, LTC or BCH to trade for the ones you believe in.
If any of you are interested in the slightest, do some searching at Reddit and see what this stuff is all about.
BNB has a coin burn coming this monthg: https://btcmanager.com/all-you-need-to-know-about-binance-coin-burn-past-and-upcoming/, usually the coin takes off just before the split, dies down the day of the burn and it takes a bit to recover, just means you have to hold it longer. But I got my BNB around 4 or 5$, (my bad, not 12$) it's 13.40$ tonight... I only bought a thousand BNB, I'll dump them at 20$ this fall and buy back in; Yup, that's 20 thousand dollars....
If EL bought something at an ATH (all time High), it may be awhile before that particular coin takes off again. Never buy at ATH, ALWAYS buy on the day things look the absolute worst!
Strategy = Don't buy anything the idiot shills recommend on Youtube. Skrillaking and TylerS are a couple of great guys as well as the Crypto Bit Brothers guys and they both know exactly whats happening.
At some point I became fully involved with all of this; I guess once I saw the return I was hooked....
Usually people who don't understand it cut it all down until you show them your damn account!!
ivan-083
04-15-2018, 06:55 AM
I'll say this, I feel SO STUPID from when I 1st started this thread. I didn't know SCHIT!!
But now I look back and laugh and the mistakes I made. If I could do it all again I would have started on the crash of February 5th, THAT was the day to dump 10K in there...
I think it's all easy now, but I did have allot of trial and error and NO ONE wants to help, REDDIT has Sub catagories for EVERY SINGLE coin, Search Reddit BNB, Reddit EOS. You need BTC, ETH, LTC or BCH to trade for the ones you believe in.
If any of you are interested in the slightest, do some searching at Reddit and see what this stuff is all about.
BNB has a coin burn coming this monthg: https://btcmanager.com/all-you-need-to-know-about-binance-coin-burn-past-and-upcoming/, usually the coin takes off just before the split, dies down the day of the burn and it takes a bit to recover, just means you have to hold it longer. But I got my BNB around 4 or 5$, (my bad, not 12$) it's 13.40$ tonight... I only bought a thousand BNB, I'll dump them at 20$ this fall and buy back in; Yup, that's 20 thousand dollars....
If EL bought something at an ATH (all time High), it may be awhile before that particular coin takes off again. Never buy at ATH, ALWAYS buy on the day things look the absolute worst!
Strategy = Don't buy anything the idiot shills recommend on Youtube. Skrillaking and TylerS are a couple of great guys as well as the Crypto Bit Brothers guys and they both know exactly whats happening.
At some point I became fully involved with all of this; I guess once I saw the return I was hooked....
Usually people who don't understand it cut it all down until you show them your damn account!!
I brought 10k worth here in Australia on coinspot in November, it went up to 35k and I stupidly didn’t sell them! Iam kicking myself as they crashed in January! Could have made 25k in a few months! Now my 10k investment is sitting at about 8k! Hopefully end of the year they might go up and I’ll sell up and get my investment back and keep the rest! Redcoin went up lots I had over 300,000 of them. Good luck
Sent from my iPhone using Tapatalk
Shep1970
04-15-2018, 08:03 AM
Agree, nobody laughing here either steve, you tried to explain/ and show me when you were here but it all kinda flew over my head also. The investment part is understood but all the computer lingo/ wording it was like you were speaking another language. My son AJ would be all over this now that he’s working and has his own $, and mine to invest. Keeping an eye on this though. I gotta get AJ to hang w/you for a day so some of this will rub off on him.
Shep
El Camexican
04-15-2018, 10:42 AM
I don’t know who you think is laughing at you Steve, if your making money off this I’m thrilled for you. Just as I was thrilled for a friend in Florida back in the mid 2000’s. He was building and flipping houses back then, but that’s another story ;)
The fact that this stuff is bouncing around in value the way that it is should be a constant reminder to us that it is a long way from becoming a main stream currency.
Just imagine getting your paycheck in crypto currency and finding out that your mortgage payment doubled because the Currency that your boss pays you in tanked, or even that the price of a gallon of gas was bouncing between three and six dollars depending on which day you went to the pump to fill up.
The other thing that really makes me wonder where this is going to lead to is that it seems that when on currency becomes unobtainable people will just switch to a different one.
As my crypto was purchased in Mexico I got a good look at the regulation aspect and is already well established here as it all needs to go through brick and mortar banks and is reported to the S.A.T. No covert purchases, or hidden windfalls to be had down here in crypto.
fabiodriven
04-15-2018, 10:54 AM
Steve, I just opened a coinbase account and my bank account is now linked. It was ridiculously easy and quick to do. I do believe I'm ready to buy now and I am anxious to do so. I am relying on your advice which you are so gracious to offer us. I would be completely guessing if I were to buy something right now, so I'm going to do some research and see what I can find out, but I'd love it if someone with some experience wouldn't mind guiding me. Thanks!
fabiodriven
04-15-2018, 01:30 PM
Another coin would be EOS. It's good to put a third into your $$ into a tech that you feel will prevail. EOS, is coming alive in June of this year, I got in EOS at 4$, it hit 8.50$ last week and could be IN THE HUNDREDS this JUNE if the new EOS platform launches as expected.
I liked the sounds of this so I looked for EOS on coinbase. I don't see it. Forgive me but I'm light years behind you here, I have no idea what I'm doing. The only things I have the option to buy right now are Bitcoin, Bitcoin cash, Ethereum, and Litecoin. I am anxious to get involved here but have no idea where to put any money. I do appreciate your sharing this with everyone including myself Steve. If for some reason I did get something out of this, the idea clearly came from you. I wouldn't forget that.
Dirtcrasher
04-15-2018, 04:36 PM
^ That's exactly how I started John.
I would join Binance and Buy some EOS before the launch in June.
You just trade BTC or ETH for EOS and you can leave it on the exchange for the time being, but get it off there once your at where you'd like to be.
The thing is, we are not yet at the point of adoption by the immediate public; Seems like the computer geeks do very well.
The writing is on the wall, soon you will ALL be exposed to Crypto and you may think, "maybe I should've looked into that" , but it will be too late then.....
BTC is up over 8K from ONE BIG CANDLE (VOLUME of the day), and I don't think it's gonna hang. Once the volume comes back, I see 5500$ next week - THAT'S THE DAY TO GET IN!!!!
It will go past 20K in 2018, I can almost guarantee that based on facts. I have been studying and educating myself on this for 3 months now.
Both EOS and BNB are down today, if I thought the market had corrected itself, I'd jump on more. But, I'm ready for June for sure :D
The SEC met and was actually ENTHUSIASTIC about Crypto, that hearing was in January. Then more FOMO (fear of missing out) happened and they claimed Korea had banned it as well as Japan (neither were true) and each time it dropped big, that's the time to buy in.....
Dirtcrasher
04-28-2018, 02:20 PM
Well guys, all I can say is that I did try to reach out to my trike family. I have never had an opportunity with something like this, and I should have recognized the "DOT COM" boom; I missed out on that one, most likely because of FUD (FEAR UNCERTAINTY AND DOUBT).
Anyhow, a total of 3 people have messaged me, which is probably less than 1% of the 3WW community. Which actually coincides with the fact that only 1% of the worlds population is aware of CryptoCurrencies. Bitcoin is merely the "grandfather" per say. He'll always be considered the king of Crypto!
So few people are aware of what CC is, but in less than 5 years, it will be on all of your phones, digital currency. And as far as tech goes, Blockchain was created, in part, to solve many contractual problems with a "Smart Contract". It's simply moving our current technology into the digital world. Do you guys not see your wallet and your phone being combined?? Just like a camera in a phone, that's crazy right??
You ALL have an opportunity to invest 100$, 1000$ or more with returns into the hundreds of percentages.
But, people seem to be afraid of CC, I see it everywhere, I hear it everywhere, it's just a lack of knowledge and I feel fortunate to have stumbled upon all of this at the PERFECT TIME!!
There is still lots of time, you will ALL be using Crypto, I guarantee it!! So either continue to be a sheep in this aspect, or run with the wolves like DC...
Today will be the end of the thread, I don't want to say "I told you so", but in a year or so, you will see what blockchain has done for me.
El Camexican
04-28-2018, 03:32 PM
I did get into it in no small part thanks to your post Steve and I have ZERO regrets.
However it is a fact that my $2,000 investment is now worth about $1,200. Will it jump to $2,000,000 one day? I hope so.
My final comment is that your last post reminded me a lot of the words I heard back in the mid 80’s when I was being prodded to invest in a pyramid scheme that eventually got busted. Basically if no one wants to get in at the bottom the pyramid soon collapses.
Here’s to more people getting into this and making me rich :beer
fabiodriven
04-28-2018, 03:39 PM
I'm not exactly certain what you did Nico, but I'm assuming you just bought bitcoin itself. In order to make money with this right now, it takes a decent amount of time and knowledge. I have a few bucks in right now and I'm up 20% with very little experience. Steve has taught me everything and if it weren't for him I'd have no idea what this is or how it works. Because of him I am able to see a bit (no pun intended) of what's going on and I have made some good choices thus far, which should be noted could turn to zero very easily. I'm not tooting my horn yet by any means but if I just bought bitcoin and sat on it I might not be impressed with this. There is money to be made in alt coins and with the right skill, time, effort, experience, and luck, one could potentially become wealthy. On the other hand too, it could all crash to the ground. I don't think it's going to, but it is feasible.
El Camexican
04-28-2018, 05:11 PM
I'm not exactly certain what you did Nico, but I'm assuming you just bought bitcoin itself. In order to make money with this right now, it takes a decent amount of time and knowledge. I have a few bucks in right now and I'm up 20% with very little experience. Steve has taught me everything and if it weren't for him I'd have no idea what this is or how it works. Because of him I am able to see a bit (no pun intended) of what's going on and I have made some good choices thus far, which should be noted could turn to zero very easily. I'm not tooting my horn yet by any means but if I just bought bitcoin and sat on it I might not be impressed with this. There is money to be made in alt coins and with the right skill, time, effort, experience, and luck, one could potentially become wealthy. On the other hand too, it could all crash to the ground. I don't think it's going to, but it is feasible.
I think the simplest explanation of why you guys are up and I’m down is that I invested whereas you guys are trading just like you would with stocks.
We bought 4 equal amounts of cryptos. I know 1 was bitcoin, the other was one of the ones Steve recommended and the other 2 my wife picked. All we have done is let it sit.
I’d be curious to know how many hours you put into buying and selling in a week.
Buy high, sell low has always been my business strategy :lol:
fabiodriven
04-28-2018, 09:50 PM
I don't spend that much time working on it, but rather I have to check it periodically during the day to see if there are any moves I can make to keep myself on top. At this time, I don't have the options available to me that Steve does nor do I have near the investment, so obviously he's doing a lot more work than I am. With the profits he's been able to produce though, he's not at all wasting his time. I do hope to have both the options Steve has as well as the success he has shown at some point, but I'm not fully immersed in this right now. I have a lot to do here and I divide my time as much as I can.
To kind of gauge the amount of time required of me at this point to partake in this, I thought to myself the other day if I'd be doing this if I were still working. I immediately knew that there is no way I could have done this when I was working full time. I wouldn't even consider it. Because both Steve and I do have time, we can do this if we want. The other thing is, neither of us have to. That's what makes it feasible for me. If I HAD to do this to survive, I'd probably be going crazy. I don't have to do this, therefore I can enjoy it, and thus I can think about it with a clear mind.
When I say I don't "need" to do this, it's not because I'm wealthy. I'm not. It's because I get by and I feel as though I'm already rich, I have a lot more than a lot of other people. Rich and wealthy are two entirely different things. In my case, already being rich is great. I've never aspired or strived to be wealthy, and that's not why I'm doing this. If the outcome is me becoming wealthy you will not hear me complain one bit (no pun intended), but as far as I'm concerned I'm already ahead and wealth would only be a bonus. A nonchalant attitude is my best ally I feel, although there are others whose best bet might be obsession and persistent hard work. It will come to me if it's my destiny but I'm not going to chase very hard.
Dirtcrasher
04-28-2018, 10:43 PM
I don't trade. I pick things that the world has a use for, that has a good team and have a roadmap that is feasible.
I'm into about 20 things all of which are gaining at one point or another. I have never had an opportunity like this, and anyone can do his; Your wealth rewards will be based upon market sentiment and usefulness of the coin/token.
Bitcoin is just 1 out of the 4 they consider to be the top - Etherium, Bitcoin Cash, Litecoin and Bitcoin. Look up EOS and pretend you have 1000 of them, it was worth 6$ a month ago. I sure wish I had 5000 of them :(
I drop every penny I have into Crypto...
ironchop
04-29-2018, 09:39 AM
The only reason I haven't jumped in is because I don't understand how block chain works or how it translates into money. It was the same story when a buddy was teaching me day trading in 1999 and buy/sell stocks was easy enough but then there's put options, short selling, futures, commodities markets, etc, etc.
I know I'm smart enough, but it was all about the time commitment to learning the whole thing that prevented me from making any serious effort back then and it's still an impedence now.
As for crypto, it's new and different and I'm the kind of person who has to fully understand what I'm doing before investing in that, first of all. Second, I'm really tight on extra cash at the moment thanks to an unfortunate series of medical problems over a ten year period which is why it's taken three years to build a 250R rider with my extra pennies and hustling the rest. My wife got seriously injured at work last year and it's curbed her income a bit as well.
The trike is almost done and I'm within $10K of paying off this current list of medical bills not counting the heart procedure I still need soon but that's another story. I guess maybe I should have dumped the $3500 I had hustled, into crypto instead of a 250R. That would have been the prudent thing to do, but it's my last hurrah and then I'm not building any more sport machines. A Trikefest and an Imperial Invasion and I'll probably sell it.
I just turned 47 last week so I need to stop making excuses for not jumping in. I probably shouldn't give a rats behind how block chain works and just learn how to invest in it because that's the bottom line anyway. I lost almost all my 401K value in 2008 and cashed out after our plant went belly up and I couldn't get work in the industry for 18 months. Now, alot of companies around here that offer 401K were not matching employee contributions at my level until recently so it made no sense to reinvest in that. Manufacturing in America as a career is going in the toilet thanks to Neoliberal economic policy, NAFTA, Free trade, and every other global manufacturing scheme aimed at killing high-paid tradesmen and labor. The only way out for me is to go back into plant management which is actually less secure than a machinist in today's "gotta make more in this quarter than last quarter" infinite cycle of investors chasing bigger dividends culture. I'm perpetually at the mercy of the "zero actual work" top-feeders as long as I stay in this line of work. I'm exploring my options to get out ASAP. This goose is cooked.
Sorry for the off-track rant
So it boils down to, "If you can't beat em, join em".
I'm ready to stop making excuses and jump in, Steve and I do appreciate this thread for sure. Just because you haven't got PMed by me doesn't mean I'm not interested, I'm just in a tight spot these last couple years which will free up soon. Maybe I'll go out to the garage later and look at my pile of accumulated goodies and find something I hardly use and sell it for cash. Maybe cash in some of my precious metals. I'd like to throw in $1000 minimum at first to expedite my profit building as I feel like just $100 is playing around and not getting anywhere very fast at all.
If I get to TF, I'll track y'all down and we can sit face to face and you can teach me what you know. I'm DEFINITELY interested in doing this.
Sent from my Z958 using Tapatalk
Dirtcrasher
04-30-2018, 08:36 PM
EOS has made me TONS OF CASH!! This stuff is chicken, ya just gotta immerse yourself in it.
I will have my 200K garage in a year or two, Crypto has past the point of no return. Nothing can stop it.
For the record, I HATE BITCOIN!!; I hate putting all my faith into one big thing, when I have so many promising Alt coins... But, you have to buy one of the big 3 to trade, and I have a sneaky suspicion BTC is gonna drop to 7K levels. If that happens, I will dump 50K into into this stuff as it has soooo much room to grow...
EOS now, XRP and TRX soon... Before they MOON!!
captainweezy
08-15-2021, 10:06 AM
Lets revisit this thread gentlemen. It’s been over 3 years. How do you all stand?
fabiodriven
08-15-2021, 01:51 PM
My best was a couple months back, roughly $6500 in, worth almost 13k. Then during the dip I was holding at about dead even, $6500 worth $6500. Earlier this week I was at $9500 and at this moment now I'm at $8800.
El Camexican
08-15-2021, 02:42 PM
Gave up on Bit when it dipped hard some months ago and swapped it for Eth which promptly dropped.
Looks like it’s coming back again, but this time when our investment has doubled we’re cashing out and waiting for it to drop again before getting back in.
It really sucked to watch all the gains evaporate last time. Sure wouldn’t want to have all my eggs in a crypto basket.
Jim mac
08-15-2021, 05:44 PM
I bought dogecoin at .06 and sold at .35 I started with 500 bucks in robinhood, moved 1400 profit into my mad money acct. left 500 in robinhood and bought etherium ($450) now worth $350 another stock at 50 bucks that's worth 35 bucks now. ether is going back up, when I break even or close ill probably bail and stick my 500 into some boring mutual fund.
my wife started with 750 took out her initial investment and still have about 1800 in dogecoin . jim
captainweezy
08-15-2021, 11:21 PM
Why not buy and hold? That seems pretty effective to me.
fabiodriven
08-16-2021, 01:56 AM
I do have to say, almost all credit goes to dirtcrasher on what coins I have. I did also consult Captain Greezy and TecateDan and I thought about everything everyone had to say. I'm very happy holding the four I currently do. For a penny stock I have DGB, for a "known" coin I have ETH (more TecateDan's suggestion on that one), then I have LINK and ADA, both of which seem to do really well. With those two it seems one can be down and the other up, so they keep things even. More often than not they're all either up or down simultaneously it seems. Maybe someday one of them will take off. I was told in the beginning whatever I invest, consider it gone, forget about it. I'm going to see how far it goes I guess.
El Camexican
08-16-2021, 09:51 AM
Why not buy and hold? That seems pretty effective to me.
The people I know down here that mess with crypto and metals all say that the key to making a profit is to keep buying and selling.
I don’t have time for that, so what I have goes up and down at the whims of others. The only way I can see myself ever getting rich off crypto is if it jumps way up and stays there, but based on what I’ve seen it’s unlikely to ever stabilize at a high value.
However, if you had bit and sold it off just as it started coming down from a record peaks and then bought back in every time it started a rally I would assume one could have turned a thousand bucks into almost one hundred thousand bucks.
Regardless, hindsight is always 20/20 and that’s what I’d need to make money on cryptos.
Just my $0.02
captainweezy
08-16-2021, 01:03 PM
lets see here.... coin was under 20k before this year now as of today it is over double that. Not too shabby. Maybe I should buy some of this scam stuff right now or should I wait until maybe it goes up to double what it is now. choices, choices. All joking aside, Its very interesting to say the least. One country has already adopted it. I do believe we are going to see some incredible moves.
El Camexican
08-16-2021, 03:23 PM
As far as I know Bit has been banned in few countries, but Eth is being considered as a viable currency.
What I don’t like about Eth is that there’s no limit to what can be produced, so I don’t see how that’s any different that paper money. Seems to me like using it in place of cash would favor Big Brother more that Joe Public due to its traceability and such.
Unless Bit gets global acceptance I would think it’s going to remain more of a hackers currency that something you’d buy gas with and then there’s the electricity consumption you hear about that’s mind boggling if the numbers are true.
At the end of the day not of these cryptos have anything tangible backing them up and if the lights go out it’s all gone.
Fun to play with, but I’d never mortgage the farm to buy crypto
Jim mac
08-16-2021, 07:53 PM
something like doge, it would go down to .19 then up to .30. then down to .23 and up again. on robinhood you could buy one day then sell the next,are 15 to 20% and keep doing it over and over. just use your gambling money to play with. People waste thier money on smokes, beer, golf, turn it into a hobby and make some extra spending money. jim
ATC King
01-17-2022, 11:58 AM
WalMart is looking into creating their own crypto currency, like some other corporations already have.
To me, this says that they'll use it as employee 'awards' or compensation, only redeemable at...WalMart.
"Owe my soul to the company store" comes to mind.
Instead of:
"You load sixteen tons, whattaya get?
Another day older and deeper in debt"
It'll be:
"You work 16 hours, whattaya get?
A part time job with a government check."
oldskool83
01-17-2022, 01:34 PM
Crypto wont really take hold until we have a new universe to use it in...which is METAverse with my zukerbug. I think once we all enter into the VR universe we will convert USD into Gememi Cypto to buy nike shoes and go on VR vacations. Lets see how right I am by 2 years
fabiodriven
01-17-2022, 10:19 PM
Crypto wont really take hold until we have a new universe to use it in...which is METAverse with my zukerbug. I think once we all enter into the VR universe we will convert USD into Gememi Cypto to buy nike shoes and go on VR vacations. Lets see how right I am by 2 years
I'm assuming that's a universe you don't want to be a part of? I know I don't. To each their own but I think the majority of people are perturbed by the idea of a metaverse.
fabiodriven
01-17-2022, 10:23 PM
WalMart is looking into creating their own crypto currency, like some other corporations already have.
To me, this says that they'll use it as employee 'awards' or compensation, only redeemable at...WalMart.
"Owe my soul to the company store" comes to mind.
Instead of:
"You load sixteen tons, whattaya get?
Another day older and deeper in debt"
It'll be:
"You work 16 hours, whattaya get?
A part time job with a government check."
That's the exact song for such an occasion.
Jim mac
01-17-2022, 10:49 PM
I bought 450 bucks worth of shiba and watched it drop to 300. my ethers been down too. Wifes still got her Doge, none of this money is household money for bills, food or utilities. We don't drink, smoke, everything's paid off so a little crypto gambling isn't going to hurt anything. Maybe I should have taken the money and bought a 200x. jim
oldskool83
01-18-2022, 11:08 AM
I'm assuming that's a universe you don't want to be a part of? I know I don't. To each their own but I think the majority of people are perturbed by the idea of a metaverse.
I want nothing to do with it honestly. I'll invest in the technology but I refuse to use it. Mark is too disconnected with this earth. I am cool with using eBay or amazon to get things shipped to my door. If I have to put goggles on to escape reality I might as well go do drugs...but maybe that's what hes after...VR drugs and money. I honestly wish Mark would go away, and right behind him Biden follows.
Currently I think they best crypto is litcoin. Its more affordable to the masses. I think I put 3K into it total. That's about all I will try. I am earning daily interest off it but you must keep track of you gains manually since crypto sites like blockfi are not automatically giving you a 1099...so if you make or trade a bunch it's another way to loose your but in taxes.
fabiodriven
02-01-2022, 04:21 PM
Well we all know crypto is in the crapper right now obviously. I'm down probably $1500, but I've also had a surprise expense pop up and I'm going to need to spend some money. I'm debating on cashing out the crypto but I don't know.
Scootertrash
02-01-2022, 05:42 PM
Well we all know crypto is in the crapper right now obviously. I'm down probably $1500, but I've also had a surprise expense pop up and I'm going to need to spend some money. I'm debating on cashing out the crypto but I don't know.
I've heard rumors that the gov wants to start going after crypto. What means I don't know, but I would assume they want to control and track it.
I'm not invested in crypto, never researched it enough to take the plunge.
fabiodriven
02-08-2022, 02:31 AM
Yeah I ended up keeping it. I took the money from elsewhere. Let it ride I guess!
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