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Thread: Holy Bitcoin, Batman!

  1. #11
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by StanStill View Post
    When they first sold they cost about .008 cents per bitcoin, back in 2010.

    If you got in then, your investment would have multiplied to 125 million times it's original value.
    That's nice, I suppose, but none of the stores in my hometown accept Bitcoin as legal tender. At least with Beanie Babies you have actual toys that your kids or grandkids can play with.
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  2. #12
    Anarquistador StanStill's Avatar
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    Quote Originally Posted by NightSwimmer View Post
    That's nice, I suppose, but none of the stores in my hometown accept Bitcoin as legal tender. At least with Beanie Babies you have actual toys that your kids or grandkids can play with.
    Yeah, but in 2010 1 dollarís worth of Beanie Babies would still only be worth 1 dollar today. Your grandkids could play with it, but it probably would only be part of a beanie baby.

    No stores in my hometown accept shares of stock as legal tender either, but if I had 125,000,000 dollars worth, Iím sure I could find a way to convert it into USD.
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  3. #13
    Veteran Member Chief's Avatar
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    Quote Originally Posted by StanStill View Post
    Yeah, but in 2010 1 dollar’s worth of Beanie Babies would still only be worth 1 dollar today. Your grandkids could play with it, but it probably would only be part of a beanie baby.

    No stores in my hometown accept shares of stock as legal tender either, but if I had 125,000,000 dollars worth, I’m sure I could find a way to convert it into USD.
    If anyone has any amount of it, I'd suggest to them to convert it while they can.
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  4. #14
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    Quote Originally Posted by Chief View Post
    If anyone has any amount of it, I'd suggest to them to convert it while they can.
    It's gone up so violently almost anyone in to any degree right now can dump a small portion of what they bought a year or more ago and cover all of their initial investment, or more, and still leave a bunch in.

    If the U.S. economy, sitting on the U.S. dollar, is going to allow people to place highly leveraged wagers on BitCoin, and on insuring BitCoin, you might want to keep some of your BitCoin money in BitCoins. When 2007/2008 comes around again your U.S. dollars might not be worth a squirt of piss. I don't think the U.S. government can bail out the entire economy on credit. Again.

  5. #15
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by StanStill View Post
    Yeah, but in 2010 1 dollar’s worth of Beanie Babies would still only be worth 1 dollar today. Your grandkids could play with it, but it probably would only be part of a beanie baby.

    No stores in my hometown accept shares of stock as legal tender either, but if I had 125,000,000 dollars worth, I’m sure I could find a way to convert it into USD.
    Quite a few stores accept it here and we have Bitcoin ATMs. I honestly dont understand it, but my state has deregulated it.

    "New Hampshire House Bill 436 is slated to take effect next week on August 1st. The bill exempts bitcoin from regulatory action and prevents New Hampshire bitcoin businesses from having to register as a money transmitter. "

    https://news.bitcoin.com/new-hampshi...ive-next-week/

  6. #16
    Veteran Member Chief's Avatar
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    Quote Originally Posted by splansing View Post
    It's gone up so violently almost anyone in to any degree right now can dump a small portion of what they bought a year or more ago and cover all of their initial investment, or more, and still leave a bunch in.

    If the U.S. economy, sitting on the U.S. dollar, is going to allow people to place highly leveraged wagers on BitCoin, and on insuring BitCoin, you might want to keep some of your BitCoin money in BitCoins. When 2007/2008 comes around again your U.S. dollars might not be worth a squirt of piss. I don't think the U.S. government can bail out the entire economy on credit. Again.
    The US Dollar isn't the only currency. If you really think the dollar is in trouble, look at other legitimate currencies, such as the pound sterling, euro, or perhaps the Canadian dollar. I am not a currency expert, so I am not advocating for any of these specifically, only providing examples that there are legitimate options, outside of something so risky as the bitcoin.

  7. #17
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by splansing View Post
    It's gone up so violently almost anyone in to any degree right now can dump a small portion of what they bought a year or more ago and cover all of their initial investment, or more, and still leave a bunch in.

    If the U.S. economy, sitting on the U.S. dollar, is going to allow people to place highly leveraged wagers on BitCoin, and on insuring BitCoin, you might want to keep some of your BitCoin money in BitCoins. When 2007/2008 comes around again your U.S. dollars might not be worth a squirt of piss. I don't think the U.S. government can bail out the entire economy on credit. Again.
    Assume its another one of those things that made a bunch of young kids overnight billionaires..

  8. #18
    Veteran Member Chief's Avatar
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    Quote Originally Posted by bajisima View Post
    Assume its another one of those things that made a bunch of young kids overnight billionaires..
    Yakuza kids.

  9. #19
    Anarquistador StanStill's Avatar
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    Quote Originally Posted by Chief View Post
    If anyone has any amount of it, I'd suggest to them to convert it while they can.
    If I bought a dollarís worth at .008 cents, Iíd have probably bailed when it reached a dollar. Ten grand is plenty of money for a one dollar investment in something that I canít explain.
    Thanks from Friday13

  10. #20
    Veteran Member bajisima's Avatar
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    Quote Originally Posted by StanStill View Post
    If I bought a dollar’s worth at .008 cents, I’d have probably bailed when it reached a dollar. Ten grand is plenty of money for a one dollar investment in something that I can’t explain.
    Couple of my kids friends gave bitcoin to each other as gifts one year. It was a big thing a few years back. Now I wonder if they still have them?
    Thanks from StanStill

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