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Dec 30th, 2023
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 Re: Anyone load up on bitcoins under $1?
[Re: skankysally]
#12486502
11/01/17 12:03 AM
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Joined: Oct 2005
Posts: 86,137
John175☮
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 86,137 |
I specialize in gold coins On a beach, in the sand, in your hand, then poof... It was never in my hand on a beach John, ever. You make a horrible pirate.
Stress less, relax more. Go fishing.
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12486523
11/01/17 12:18 AM
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Joined: Oct 2005
Posts: 86,137
John175☮
MACHO MAN
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MACHO MAN
Joined: Oct 2005
Posts: 86,137 |
Stress less, relax more. Go fishing.
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Re: Anyone load up on bitcoins under $1?
[Re: skankysally]
#12486910
11/01/17 02:56 AM
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Joined: Aug 2015
Posts: 3,987
Pintail711
TFF Team Angler
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TFF Team Angler
Joined: Aug 2015
Posts: 3,987 |
I specialize in gold coins Get off the gas
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12487233
11/01/17 12:48 PM
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Joined: Mar 2008
Posts: 521
P_102
Pro Angler
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Pro Angler
Joined: Mar 2008
Posts: 521 |
What happens when the hackers get it? From the little I've read I haven't seen if these accounts are insured or not...
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12487326
11/01/17 01:34 PM
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Joined: Dec 2008
Posts: 17,867
grout-scout
TFF Guru
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TFF Guru
Joined: Dec 2008
Posts: 17,867 |
What happens when the founder cashes in his $25 billion worth of bitcoins and makes the currency value near worthless? Are people going to be up in arms if they lose their life savings like the Enron folks did.
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Re: Anyone load up on bitcoins under $1?
[Re: leethefishking]
#12487348
11/01/17 01:50 PM
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Joined: Jul 2004
Posts: 21,254
buda13
TFF Guru
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TFF Guru
Joined: Jul 2004
Posts: 21,254 |
That article seems to suggest it's an untraceable currency that is a favorite of those buying drugs online. That's enough of a reason for me to stay away from it. And weapons too! I'm sure the site I was shown is a government run site, cant imagine grenade launchers actually being purchased and shipped via USPS but they are on there for sale clear as day. Free shipping! LOL I've dabbled in it a little after seeing a buddy turn $500 into almost $10k. So far I've more than doubled my money.
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12487583
11/01/17 03:47 PM
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Joined: Jan 2006
Posts: 15,819
BassFever
TFF Guru
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TFF Guru
Joined: Jan 2006
Posts: 15,819 |
It's been a good investment for me so far. 
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12487585
11/01/17 03:49 PM
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Joined: Oct 2013
Posts: 2,603
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,603 |
Does anyone else actually mine?
John Miller
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Re: Anyone load up on bitcoins under $1?
[Re: UTDmiller]
#12487691
11/01/17 04:34 PM
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Joined: Jun 2005
Posts: 33,689
lanman71
Maroon!
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Maroon!
Joined: Jun 2005
Posts: 33,689 |
Does anyone else actually mine? It's not worth it anymore. Mining farms took over. You can join a farm and still earn that way, but the hay day of individual miners has passed.
What a maroon!
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Re: Anyone load up on bitcoins under $1?
[Re: Jpurdue]
#12487900
11/01/17 06:42 PM
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Joined: Sep 2003
Posts: 12,854
Joefishin
TFF Guru
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TFF Guru
Joined: Sep 2003
Posts: 12,854 |
I've read about it a bunch and still don't fully understand it. Can't bring myself to buy any. Not to mention with all the hype right now there is a good chance you'd be buying near the top.
Here's the best I can tell. Computers spend electrical energy to run programs that basically work through trillions of calculations to find/unlock bitcoin blocks (25 bitcoins). From what I understand your average home computer would take about 98 years of constant running to unlock a block. At the end of the day it's not all the different than gold. These virtual currencies require "work" (in the form of electrical energy) to "mine" them in a strange way creating their value.
I can hold an ounce of gold though. I can't hold or even understand the computer code that governs these bit coins. This is what everyone has to get over. There isn't enough gold to back the paper currency we all have in our hands. That's a FACT Jack, still we have become so hardwired to believe that it's backed by something tangible it holds more value in our mind. But when you get right down to it, Bitcoin is actually backed by something more tangible than most currency. The FED just keeps printing more money which is really debt and we just keep believing that it's a solid foundation. It's really no more solid than Computer Algorithms. All that said, I guess I'm old fashioned to cause I still don't own any. 
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Re: Anyone load up on bitcoins under $1?
[Re: lanman71]
#12487977
11/01/17 07:39 PM
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Joined: Aug 2002
Posts: 2,734
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,734 |
Does anyone else actually mine? It's not worth it anymore. Mining farms took over. You can join a farm and still earn that way, but the hay day of individual miners has passed. Mining Bitcoin...no. Mining Litecoin and others, def yes.
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Anyone load up on bitcoins under $1?
[Re: pacertom]
#12487980
11/01/17 07:45 PM
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Joined: Oct 2013
Posts: 2,603
UTDmiller
Extreme Angler
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Extreme Angler
Joined: Oct 2013
Posts: 2,603 |
Does anyone else actually mine? It's not worth it anymore. Mining farms took over. You can join a farm and still earn that way, but the hay day of individual miners has passed. Mining Bitcoin...no. Mining Litecoin and others, def yes. Im in with a group of people, we dont mine directly but sell our hashing power to NiceHash and do ok with it... We started in Early June so the coin we made in the beginning really paid off now, wish we would have gotten into it sooner. Now even that is saturated pretty badly, we still run it and my BTC payment is around $160/month at the current price edit: (the BTC payment comes out to $160 worth/month)
Last edited by UTDmiller; 11/01/17 07:46 PM.
John Miller
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Re: Anyone load up on bitcoins under $1?
[Re: UTDmiller]
#12487997
11/01/17 08:05 PM
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Joined: Aug 2002
Posts: 2,734
pacertom
Extreme Angler
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Extreme Angler
Joined: Aug 2002
Posts: 2,734 |
Does anyone else actually mine? It's not worth it anymore. Mining farms took over. You can join a farm and still earn that way, but the hay day of individual miners has passed. Mining Bitcoin...no. Mining Litecoin and others, def yes. Im in with a group of people, we dont mine directly but sell our hashing power to NiceHash and do ok with it... We started in Early June so the coin we made in the beginning really paid off now, wish we would have gotten into it sooner. Now even that is saturated pretty badly, we still run it and my BTC payment is around $160/month at the current price edit: (the BTC payment comes out to $160 worth/month) It will be interesting to watch on or around Nov 14-15 when Segwit2X fork takes hold. Developers and miners headbutting but looks like ~80% support segwit2x.
A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
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Re: Anyone load up on bitcoins under $1?
[Re: MyGreenOutdoors]
#12488209
11/01/17 11:01 PM
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Joined: Dec 2004
Posts: 5,049
joebass2
TFF Celebrity
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TFF Celebrity
Joined: Dec 2004
Posts: 5,049 |
Not in BTC directly, but have invested some in GBTC, a bitcoin investment trust. Been in about six months. Definitely have not gotten rich, but have made a little pocket change.
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