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Anyone here into crypto currency? Bitcoin :)

by gladtobehere
43 replies
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Hi all,

The banking system as we know it will no longer exist in the near future. Crypto currency is the future of money and will soon replace fiat currency. Bitcoin, for example, is becoming more widely adopted. There are currently Bitcoin ATMs popping up in the U.S. as we speak.

Is anyone investing in crypto currency?

To analogize crypto currency, I would say that crypto currency is to the banking system what Netflix was to Blockbuster Video stores. Do we see any Blockbuster Video stores currently? Nope ha ha.

Anyway, I would love to hear your thoughts on this subject.
#bitcoin #crypto currency
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  • Profile picture of the author Just Jess
    There's a conspiracy going on that those who receive THE MARK will be eligible to use bitcoins.
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    • Profile picture of the author nickyz1
      [DELETED]
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      • Profile picture of the author OptedIn
        Originally Posted by nickyz1 View Post

        i am using bit coin do i have the mark already ?
        I believe the correct question is, "Am I a mark, already?"

        Answer - "Yes."
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  • Profile picture of the author gladtobehere
    LOL - I have never heard that.
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  • Profile picture of the author Kay King
    There are pages and pages of "bitcoin" threads here - use the search function to find them.
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  • Profile picture of the author whateverpedia
    Originally Posted by gladtobehere View Post

    and will soon replace fiat currency.
    No it won't. Not anytime soon anyway.
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  • Profile picture of the author agmccall
    I used to do pretty well with monopoly money, I guess they are worth about the same.

    al
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  • Profile picture of the author proxy91
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  • Profile picture of the author teamhai
    I am into Crypto World and making Good Money with Bitcoin related CPA network .
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    • Profile picture of the author hardraysnight
      Originally Posted by teamhai View Post

      I am into Crypto World and making Good Money with Bitcoin related CPA network .
      i am into crypto world and making good money without any related CPA network
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      • Profile picture of the author OptedIn
        Originally Posted by hardraysnight View Post

        i am into crypto world and making good money without any related CPA network
        Your not making good money. Your seeing a perceived increase in the value of your crypto currency. You should at least know what it is and what it isn't if you are going to lose your, uh, I mean invest in something. It's not 'money.'

        Ask Janice Yellen about that. lol
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        • Profile picture of the author yukon
          Banned
          Originally Posted by OptedIn View Post

          Your not making good money. Your seeing a perceived increase in the value of your crypto currency. You should at least know what it is and what it isn't if you are going to lose your, uh, I mean invest in something. It's not 'money.'

          Ask Janice Yellen about that. lol




          This on the same day Bitcoin reached a new high $5,244.

          Good for you.
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          • Profile picture of the author OptedIn
            Originally Posted by yukon View Post

            This on the same day Bitcoin reached a new high $5,244.

            Good for you.
            It's still not 'money.' lol

            Get educated: http://www.businessinsider.com/is-bi...orship-2017-10
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        • Profile picture of the author hardraysnight
          Originally Posted by OptedIn View Post

          Your not making good money. Your seeing a perceived increase in the value of your crypto currency. You should at least know what it is and what it isn't if you are going to lose your, uh, I mean invest in something. It's not 'money.'

          Ask Janice Yellen about that. lol
          but i have already made good money irrespective of any janice yellens
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          • Profile picture of the author OptedIn
            Originally Posted by hardraysnight View Post

            but i have already made good money irrespective of any janice yellens
            I'll say it one last time, hopeful that it might sink in. Bitcoin ain't money. It simply doesn't meet any of the monetary or legal requirements to be considered as such. But you go on believing what you choose. At least when it reaches zero, you won't have actually lost any money - cause it ain't money. Have I mentioned that? :-)
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          • Profile picture of the author whateverpedia
            Originally Posted by hardraysnight View Post

            but i have already made good money irrespective of any janice yellens
            You haven't made anything until you convert them into cash - you know, actual money.

            If all you've got is bitcoins in a wallet, then that's all you've got, bitcoins in a wallet. If someone is willing to pay you over $5k for each of those coins, you actually have to sell them to have made any money.

            The same can also be said about share, bond, real estate or even managed fund portfolios. The difference between them and bitcoins is they actually generate cash in the form of dividends, rent or interest.

            Another difference between them and cryptocurrencies is banks are willing to accept these as collateral for loans.

            Try taking out a mortgage using the bitcoins in your wallet as security. They'll require you to convert them into acceptable collateral like shares, bonds, property, managed funds or even cash before lending you a cent.

            Until banks accept them as security for a loan, they will never be money. This is why they are called cryptocurrency, rather than currency.
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            • Profile picture of the author yukon
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              Originally Posted by whateverpedia View Post

              You haven't made anything until you convert them into cash - you know, actual money.

              Not true, I bought a domain a few days ago, lol.

              As long as other people want bitcoin I can buy anything they want to sell.
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              • Profile picture of the author whateverpedia
                Originally Posted by yukon View Post

                Not true, I bought a domain a few days ago, lol.

                As long as other people want bitcoin I can buy anything they want to sell.
                You seem to have spending confused with making.
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            • Profile picture of the author hardraysnight
              Originally Posted by whateverpedia View Post

              You haven't made anything until you convert them into cash - you know, actual money.

              If all you've got is bitcoins in a wallet, then that's all you've got, bitcoins in a wallet. If someone is willing to pay you over $5k for each of those coins, you actually have to sell them to have made any money.

              The same can also be said about share, bond, real estate or even managed fund portfolios. The difference between them and bitcoins is they actually generate cash in the form of dividends, rent or interest.

              Another difference between them and cryptocurrencies is banks are willing to accept these as collateral for loans.

              Try taking out a mortgage using the bitcoins in your wallet as security. They'll require you to convert them into acceptable collateral like shares, bonds, property, managed funds or even cash before lending you a cent.

              Until banks accept them as security for a loan, they will never be money. This is why they are called cryptocurrency, rather than currency.
              but i have converted into cash and do so on a regular basis
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  • Profile picture of the author tagiscom
    Lol, pretty funny with all of this bitcoin nonsence, same thing happened in 1929, everyone was getting into the stockmarket for a quick buck, and lost everything.

    I will stay with a real product!

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    • Profile picture of the author MikeFriedman
      Originally Posted by tagiscom View Post

      Lol, pretty funny with all of this bitcoin nonsence, same thing happened in 1929, everyone was getting into the stockmarket for a quick buck, and lost everything.

      I will stay with a real product!

      That is hilarious considering how many millionaires and billionaires the stock market has created.
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  • Profile picture of the author bakerlisa510
    I am also using CCs from past 4 months. I think it is easy and very convenient.
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  • Profile picture of the author tush
    For those willing to take some reasonable risk, this is awesome. Just joined but I wish I joined much much earlier, when I was first introduced. Incredible opportunity
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  • Profile picture of the author OptedIn
    They're all out riding their unicorns.
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    • Profile picture of the author OptedIn
      Originally Posted by erker View Post

      Bitcoin price just exceed $5000 mark. Just crazy https://www.coingecko.com/en/price_charts/bitcoin/usd
      It's still not money. lol
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      • Profile picture of the author yukon
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        Originally Posted by OptedIn View Post

        It's still not 'money.' lol

        Get educated: Bernstein on whether Bitcoin is money - Business Insider
        Originally Posted by OptedIn View Post

        It's still not money. lol



        Your stock isn't money, you can't buy anything with it until it's cashed out, lol.

        Fail.
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        • Profile picture of the author OptedIn
          Originally Posted by yukon View Post

          Your stock isn't money, you can't buy anything with it until it's cashed out, lol.

          Fail.
          True, but you can cash it out. Try to cash out your Bitcoin. Good luck with that.

          Epic fail. lol
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          • Profile picture of the author DWolfe
            Originally Posted by OptedIn View Post

            True, but you can cash it out. Try to cash out your Bitcoin. Good luck with that.

            Epic fail. lol
            You can cash out of bitcoin from coinbase.
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            • Profile picture of the author OptedIn
              Originally Posted by DWolfe View Post

              You can cash out of bitcoin from coinbase.
              So they say. Never heard of anyone doing it. Not even to reap their insane 'profits.'
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              • Profile picture of the author MikeFriedman
                Originally Posted by OptedIn View Post

                So they say. Never heard of anyone doing it. Not even to reap their insane 'profits.'
                I have. I had a client that paid me through bitcoin last year and again this year. I use Coinbase, and I had zero problems cashing out.
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                • Profile picture of the author OptedIn
                  Originally Posted by MikeFriedman View Post

                  I have. I had a client that paid me through bitcoin last year and again this year. I use Coinbase, and I had zero problems cashing out.
                  Paging Mr. Friedman - party of one - your table is ready!
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        • Profile picture of the author whateverpedia
          Originally Posted by yukon View Post

          Your stock isn't money, you can't buy anything with it until it's cashed out
          You can use the value of your stock to borrow money to acquire more stocks. You can use the dividends you receive from your stock to buy more stocks, or even websites.

          So no, you don't need to sell in order to buy other stuff.
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  • Profile picture of the author tagiscom
    I should have come back here sooner, l didn't realize that the goon squad was in town.

    Yeah, the Stockmarket makes millionaires and also when a crash is due, destitues others.

    Henry Ford had an odd $300 m, in 1929 from his car manufacturing business, and since he didn't listen to his idiot son, still had it in 1930!

    Many others lost everything, and more still lost their jobs and their bank money on top of it.

    Some may want Bitcoin to go up forever, but all bubbles burst eventually.

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    • Profile picture of the author yukon
      Banned
      Originally Posted by tagiscom View Post

      Some may want Bitcoin to go up forever, but all bubbles burst eventually.




      Sitting on the sideline doesn't make many people rich.

      Sometimes you just gotta say f%$# it, and jump in when the opportunity is in your face.
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  • Profile picture of the author yukon
    Banned
    Bitcoin currently at $5,589.
    • Rants = 0
    • Bitcoin = 5,589

    I can't buy anything with a rant, ha, ha.
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    • Profile picture of the author OptedIn
      Originally Posted by yukon View Post

      Bitcoin currently at $5,589.
      • Rants = 0
      • Bitcoin = 5,589

      I can't buy anything with a rant, ha, ha.
      You had it right the second time - when you left off the dollar sign. lol
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  • Profile picture of the author DWolfe
    Most people go all in on Bitcoin. Like the Initial coin offerings to get rich. They want to be overnight millionaires. My investments in cryptocurrency is money that was going to be spent at WaWa coffee or somewhere else. I have cashed out some bitcoin to buy other cryptos. About to cash out of some Ether to recoup my initial investment and turn a little profit into hard cold cash.

    I'm sure a few corrections in price is going to hit bitcoin. There are 2 forks in the next several weeks. Maybe the speculators are thinking they will end up with bitcoin gold when the fork occurs. Like they did when bitcoin cash was created. I guess a table for one is going to happen for me.
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  • Profile picture of the author nickyz1
    crypto currency has to take over because now people have started to realize the truth about governments, paying tax and all the bullshit going on in the world. with time crypto will take over
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    • Profile picture of the author whateverpedia
      Originally Posted by nickyz1 View Post

      crypto currency has to take over because now people have started to realize the truth about governments, paying tax and all the bullshit going on in the world. with time crypto will take over
      Yeah, and governments will just roll over and let people avoid paying tax.
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  • Profile picture of the author OptedIn
    Originally Posted by gladtobehere View Post

    The banking system as we know it will no longer exist in the near future. Crypto currency is the future of money and will soon replace fiat currency.
    The voice of authority has spoken. Thanks for setting the world straight on the topic.

    Whatever happened to using the term IMHO when posting ridiculous suppositions as pure fact?
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    • Profile picture of the author DWolfe
      Originally Posted by erker View Post

      not sure who here is following bitcoin price
      but boy its making a run for $8000
      That's because the Segwit 2x Fork is about to take place. - https://www.reuters.com/article/uk-g...-idUSKBN1DH1EU ( Not an affiliate link ) It always goes up before a Fork, then drops down. Good time to buy if that happens . Coinbase sent a email this morning they have temporally suspended all trading of Bitcoin.
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  • Profile picture of the author Adelsten
    I am into Crypto World and making Good Money with Bitcoin related CPA network
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