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Bitcoin ^^^ #13879402 02/09/21 12:49 AM
Joined: Oct 2000
Posts: 23,384
J
J.P. Greeson Offline OP
the janitor
OP Offline
the janitor
J
Joined: Oct 2000
Posts: 23,384
May break $50k in the next 24 hours.

pollo


The solution to any problem - work, love, money, whatever - is to go fishing, and the worse the problem, the longer the trip should be. --John Gierach

[Linked Image]
Re: Bitcoin ^^^ [Re: J.P. Greeson] #13879441 02/09/21 01:04 AM
Joined: Jun 2005
Posts: 33,238
lanman71 Offline
Maroon!
Offline
Maroon!
Joined: Jun 2005
Posts: 33,238
Imagine if you got in 6 years ago cool


What a maroon!
Re: Bitcoin ^^^ [Re: lanman71] #13879557 02/09/21 02:02 AM
Joined: Jan 2018
Posts: 2,561
J
Jeff From Iowa Offline
Extreme Angler
Offline
Extreme Angler
J
Joined: Jan 2018
Posts: 2,561
Originally Posted by lanman71
Imagine if you got in 6 years ago cool



Thats very easy to imagine for me, I wanted Tesla in May 2012, my guy told me to put 10k in a etrade account or something if I wanted to play with it. I wanted fb when it went public at the same time so thats how i know the specific date I went in and saw him about it.

Re: Bitcoin ^^^ [Re: J.P. Greeson] #13879570 02/09/21 02:11 AM
Joined: Apr 2004
Posts: 13,989
S
Stump jumper Offline
TFF Guru
Offline
TFF Guru
S
Joined: Apr 2004
Posts: 13,989
Almost bought one today. That stuff can and will go down as fast as it has gone up.


2200 Bay Champ/200 Mercury Optimax
2017 Tundra TSS 4x4 Crewmax 5.7L
Re: Bitcoin ^^^ [Re: Jeff From Iowa] #13879609 02/09/21 02:50 AM
Joined: Mar 2014
Posts: 29,797
Duck_Hunter Offline
TFF Guru
Offline
TFF Guru
Joined: Mar 2014
Posts: 29,797
Originally Posted by Jeff From Iowa
Originally Posted by lanman71
Imagine if you got in 6 years ago cool



Thats very easy to imagine for me, I wanted Tesla in May 2012, my guy told me to put 10k in a etrade account or something if I wanted to play with it. I wanted fb when it went public at the same time so thats how i know the specific date I went in and saw him about it.



Time for a new guy?


[Linked Image]
Re: Bitcoin ^^^ [Re: Duck_Hunter] #13879626 02/09/21 03:00 AM
Joined: Jan 2018
Posts: 2,561
J
Jeff From Iowa Offline
Extreme Angler
Offline
Extreme Angler
J
Joined: Jan 2018
Posts: 2,561
Originally Posted by Duck_Hunter
Originally Posted by Jeff From Iowa
Originally Posted by lanman71
Imagine if you got in 6 years ago cool



Thats very easy to imagine for me, I wanted Tesla in May 2012, my guy told me to put 10k in a etrade account or something if I wanted to play with it. I wanted fb when it went public at the same time so thats how i know the specific date I went in and saw him about it.



Time for a new guy?



His rational was on point.

If you want a car stock tesla wasnt it, they only sold less than 100k cars a year. and they dont pay a dividend.

He said fb was a pass also, said they didnt have any product.

He was a older guy, he did a good job for me, Im not going to complain... but 1665 shares of Tesla right now would be nice...

Last edited by Jeff From Iowa; 02/09/21 03:01 AM.
Re: Bitcoin ^^^ [Re: J.P. Greeson] #13879826 02/09/21 12:46 PM
Joined: Mar 2010
Posts: 25,655
T Bird Offline
TFF Guru
Offline
TFF Guru
Joined: Mar 2010
Posts: 25,655
Dogecoin may be the next one to take off. thumb

[Linked Image]


Okie by birth, Texan by choice.
[Linked Image]
USAF "Thunderbirds" Alumni 1985-1989




Re: Bitcoin ^^^ [Re: J.P. Greeson] #13879891 02/09/21 01:43 PM
Joined: Sep 2010
Posts: 2,580
GROD Offline
Extreme Angler
Offline
Extreme Angler
Joined: Sep 2010
Posts: 2,580
Filecoin.... I believe it will see 100.00 price point in next 3-6 months... also NU is still cheap compared to what it has the potential to be... Bitcoin will correct some at some point... correct to the 26-32 range is likely, but then it may be off to the races... government may step in at some point and put a damper on the ones not filing taxes though for their crypto gains.

Re: Bitcoin ^^^ [Re: J.P. Greeson] #13879916 02/09/21 02:02 PM
Joined: Apr 2010
Posts: 26,049
P
patriot07 Online Content
TFF Guru
Online Content
TFF Guru
P
Joined: Apr 2010
Posts: 26,049
It'll come back down in a while. Or maybe not. I'm just not into crypto. I did buy some doge on Friday and sold on Monday after Elon tweeted and it shot up, but that was my first experience with crypto. I just don't understand it enough to feel comfortable investing in it


Life can only be understood backwards; but it must be lived forwards.
- Soren Kierkegaard
Re: Bitcoin ^^^ [Re: J.P. Greeson] #13880033 02/09/21 03:24 PM
Joined: Sep 2005
Posts: 27,532
Uncle Zeek Offline
aka "Dad"
Offline
aka "Dad"
Joined: Sep 2005
Posts: 27,532
Guys, I hate to be the Debbie Downer for this topic, but this is something worth thinking about:

https://www.cnbc.com/2021/01/30/the-indian-government-may-ban-cryptocurrencies-like-bitcoin.html

I could reasonably see our government making a move like this at some point, and having the Federal Reserve issue an official US crypto-"currency". Not saying that it will happen, just saying it's a possibility.


"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
Re: Bitcoin ^^^ [Re: Uncle Zeek] #13880099 02/09/21 04:15 PM
Joined: Feb 2018
Posts: 15,025
S
Sawhorse Online Content
TFF Guru
Online Content
TFF Guru
S
Joined: Feb 2018
Posts: 15,025
Originally Posted by Uncle Zeek
Guys, I hate to be the Debbie Downer for this topic, but this is something worth thinking about:

https://www.cnbc.com/2021/01/30/the-indian-government-may-ban-cryptocurrencies-like-bitcoin.html

I could reasonably see our government making a move like this at some point, and having the Federal Reserve issue an official US crypto-"currency". Not saying that it will happen, just saying it's a possibility.

This is a real concern. The video game my grandson plays unexpectedly updated and he lost all of the weapons and shields he had purchased.

Re: Bitcoin ^^^ [Re: J.P. Greeson] #13880179 02/09/21 04:57 PM
Joined: Sep 2010
Posts: 2,580
GROD Offline
Extreme Angler
Offline
Extreme Angler
Joined: Sep 2010
Posts: 2,580
Filecoin jumped from 31.70 to 38.25 since posting this... pretty good return of not a long time holder or jumping in and out based off technical and so on.

Re: Bitcoin ^^^ [Re: J.P. Greeson] #13880242 02/09/21 05:26 PM
Joined: Apr 2004
Posts: 375
I
irbf Offline
Angler
Offline
Angler
I
Joined: Apr 2004
Posts: 375
Isn't this the same guys that were touting GME and AMC last week? LOL


2008 BassCat Puma, 250 ProXS
Re: Bitcoin ^^^ [Re: Uncle Zeek] #13880245 02/09/21 05:29 PM
Joined: Aug 2002
Posts: 2,589
pacertom Offline
Extreme Angler
Offline
Extreme Angler
Joined: Aug 2002
Posts: 2,589
Originally Posted by Uncle Zeek
Guys, I hate to be the Debbie Downer for this topic, but this is something worth thinking about:

https://www.cnbc.com/2021/01/30/the-indian-government-may-ban-cryptocurrencies-like-bitcoin.html

I could reasonably see our government making a move like this at some point, and having the Federal Reserve issue an official US crypto-"currency". Not saying that it will happen, just saying it's a possibility.


India is the only large Govt that has tried to ban the use of crypto...They intend to make their own... But how do they ban it really? You literally have to turn off the internet.

Nonetheless....here is an article on the same subject but a much different tone than the blanket Ban statements.
https://www.financemagnates.com/cry...lly-ban-crypto-experts-say-its-unlikely/


And of course its something to think about. I have long and hard because my retirement and way of life depend on it...The scare of XRP and the SEC lawsuit showed that front and center, many knew the SEC was going after Ripple as the shady way they raised money raised significant red flags....With that said, only had a small position in something that risky. But in the end, this is the way the world is going, it can't be stopped but it can be regulated. And that's precisely what the industry needs and looking for. Weed out the 1500 or so tokens out there that are truly scams or "chitcoins" and let the use case tokens thrive.

Further - India corporations are using Blockchain and the utility tokens that serve as the fuel for the network..there are many.

Here's the deal......way to many people hear crypto and they immediately think of it as a replacement currency. 90% of the tokens out there are NOT currencies or currency replacements. Most tokens are the rewards for miners on the blockchain that allow for the blockchain to operate. If there wasn't an incentive for the network operators, it would not function. And those same tokens have value as the use of a particular blockchain gains adoption. Another way to classify it - your business wants to utilize a particular blockchain for supply chain management, tracking produce from the farmer - processor - distributor - retailer .... Access to the blockchain requires the use of their Utility token.... Man, it's hard to explain in a reply but here is a copy paste of what a Utility token actually is in the basic sense:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~


Utility tokens offer the right to a service or product
A utility token has a wider functionality than a coin. Utility tokens do have value, but they cannot be considered money as straightforward as a coin.

Utility tokens can provide value to investors in different ways. They give users access to a product or service.

A Uber token, for example, could be used to pay for a ride with a Uber car. But not for anything else. If you wanted to use the Uber token to buy another product or service, you would first have to exchange it against either fiat money or a crypto-coin such as bitcoin.

In practice, the use of these terminologies is not as sharp and clear-cut. The terms “coin” and “token” are often used synonymously. The blockchain industry is still young, so the language will evolve over time. However, most industry insiders agree on the broad distinction that a coin is cash and a token is basically everything else.


A MAN WILL NEVER GO TO HIS GRAVE WISHING HE'D FISHED LESS!!
Re: Bitcoin ^^^ [Re: pacertom] #13880284 02/09/21 05:48 PM
Joined: Sep 2005
Posts: 27,532
Uncle Zeek Offline
aka "Dad"
Offline
aka "Dad"
Joined: Sep 2005
Posts: 27,532
Originally Posted by pacertom
Originally Posted by Uncle Zeek
Guys, I hate to be the Debbie Downer for this topic, but this is something worth thinking about:

https://www.cnbc.com/2021/01/30/the-indian-government-may-ban-cryptocurrencies-like-bitcoin.html

I could reasonably see our government making a move like this at some point, and having the Federal Reserve issue an official US crypto-"currency". Not saying that it will happen, just saying it's a possibility.


India is the only large Govt that has tried to ban the use of crypto so far...They intend to make their own... But how do they ban it really? You literally have to turn off the internet.


The US banned the private ownership and use of gold in 1933. They didn't have to go door-to-door or anything. They just told the banks and big companies to stop taking it, and the rest followed.

Hypothetically, if the US followed India's lead on this, all they would have to do is make it illegal, and let financial institutions and big companies do the enforcement grunt work.


"Decency is not news; it is buried in the obituaries --but it is a force stronger than crime" ~ Robert A. Heinlein
Artim Law Firm, PLLC
Estate planning & tax attorney
2250 Morriss Road, Suite 205, Flower Mound, Texas 75028
972-746-0758 mobile
zac@artimlegal.com
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