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Post by chronicircle on Sept 13, 2017 6:50:49 GMT -7
has anyone looked into this or are currently investing in crypto-currency? bueller??
the whole idea intrigues me. and when i was talking to this guy last week who has been investing in it for years, he says the crypto market is about to explode exponentially in the next 5-10 years from everything he has been reading about it in the last year.
also have heard rumors about countries eventually switching to crypto-currency down the road in our lifetime...
thoughts? don't care? WTFO instead....(always a good option) |
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Post by hokiejoe on Sept 13, 2017 6:52:04 GMT -7
I'm generally too lazy to go to the ATM and get cash, pretty sure I'm not switching to bitcoin any time soon. Seems like a hassle.
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Post by ferd on Sept 13, 2017 6:59:27 GMT -7
If you change one letter, you have bitchin.
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Post by chronicircle on Sept 13, 2017 7:02:29 GMT -7
great observation ferd
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Post by ferd on Sept 13, 2017 7:03:06 GMT -7
Thanks buddy. I am a naturally obersvative person.
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Post by SolarGarlic 🧀 on Sept 13, 2017 7:04:23 GMT -7
Unfortunately spelling doesn't come as natural
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Post by ferd on Sept 13, 2017 7:05:26 GMT -7
I spelled observative the right way...when you create a word, you can spell it anyway you want.
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Post by Deleted on Sept 13, 2017 7:18:03 GMT -7
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Post by Deleted on Sept 13, 2017 7:18:51 GMT -7
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Post by Deleted on Sept 13, 2017 7:20:10 GMT -7
I think in order for bitcoin to work you need the backing of countries that will accept it. I do believe the price of a bitcoin is fairly high right now though
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Post by Not your moms 🌮 on Sept 13, 2017 7:30:38 GMT -7
I am not sure if bitcoin and crypto currency is a good idea or if it will last. I have a friend who has made a small fortune just trading bitcoin.
One thing is for sure. The people need a form of currency that is not interfered with by banks or governments. They have already done plenty to fuck shit up. Making our current financial system obsolete and removing power from people who do not deserve it is something worth pursuing.
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Post by lordkundalini on Sept 13, 2017 7:31:36 GMT -7
its interesting.. just a matter of time before the fiat currencies implode/crash ect. the monetization of debt will not end well
guy in my office plays several of them
needed for doing dark web transactions
my old neighbor has a bitcoin creation system.. requires lots and lots of computing power
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Post by lordkundalini on Sept 13, 2017 7:33:26 GMT -7
thats a funny article when he says The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
thats exactly what the Federal reserve system did, create money out of thin air and now are monetizing the debt. who is on the hook? we the people, not we who have all the money |
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Post by chronicircle on Sept 13, 2017 7:36:48 GMT -7
i was thinking that same thing lork. funny how a representative from one of the biggest banks in the US, doesn't like bitcoin. if he's smart he probably sees it as a threat.
i'm not sure how i feel about changing the whole monetary system just yet, but i definitely want to research the investing/trading side more and see if i can't make a few bucks on the side. and if it fails then so be it, but its worth taking a shot at now in my opinion.
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Post by Deleted on Sept 13, 2017 7:37:55 GMT -7
what I took from that article is that he sees bitcoin as a threat so he talks about it as a big negative.
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Post by Not your moms 🌮 on Sept 13, 2017 7:38:04 GMT -7
thats a funny article when he says The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
thats exactly what the Federal reserve system did, create money out of thin air and now are monetizing the debt. who is on the hook? we the people, not we who have all the money What sickens me is the can print all the imaginary money the want as long as it helps fund wars or large companies. Yet we still argue about healthcare and people on food stamps. In a system that can create money out of thin air and steal all the natural resources they want no one should have to worry about food, housing or health care. |
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Post by lordkundalini on Sept 13, 2017 7:47:04 GMT -7
I think in order for bitcoin to work you need the backing of countries that will accept it. I do believe the price of a bitcoin is fairly high right now though bit coin is already working. their are vending machines, you can order a kilo of high quality moon rocks and use it to pay. the criminal element often is leaps and bounds ahead of government and what do countries offer in their backing? some kind of hard asset? they offer DEBT read up on the monetization of debt, something the FED said they would never do but have done anyway one advantage of bitcoin is you just cant print as much as you want like some out of control FED propping up a failing nation.. it takes effort to generate i have no idea what the fair value of an currency that is free from open market operations is |
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Post by lordkundalini on Sept 13, 2017 7:55:28 GMT -7
thats a funny article when he says The currency isn’t going to work. You can’t have a business where people can invent a currency out of thin air and think that people who are buying it are really smart.
thats exactly what the Federal reserve system did, create money out of thin air and now are monetizing the debt. who is on the hook? we the people, not we who have all the money What sickens me is the can print all the imaginary money the want as long as it helps fund wars or large companies. Yet we still argue about healthcare and people on food stamps. In a system that can create money out of thin air and steal all the natural resources they want no one should have to worry about food, housing or health care. its insanity that the fact that money, which is created out of nothing holds us back.. we have resources, technology, manpower to do so much more yet money which comes from nothing prevents us. how can that be? its because the system was designed to funnel money to the elites, created by the elites to control and enrich themselves on the backs of we the people doing all the labor its because the system is deeply flawed. fractional reserve system pretty much guarantees inflation which of course hurts we the people far far more then the entitlement minded elites |
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Bitcoin?
Sept 13, 2017 8:05:15 GMT -7
via mobile
bear likes this
Post by waldowally on Sept 13, 2017 8:05:15 GMT -7
invest in etherium.
currently about $330/coin
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Post by lordkundalini on Sept 13, 2017 8:06:06 GMT -7
guy in my office has some of that. .bitcoin as well
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