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Thread: Holy Bitcoin, Batman!

  1. #21
    Galactic Ruler Spookycolt's Avatar
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    I foolishly thought I could play the futures market, twice.

    I think I'll stay away from it.

  2. #22
    Member Robert Urbanek's Avatar
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    I suspect the bitcoin creators already have their own lobbyists and if the bitcoin market expands exponentially, then crashes, taxpayers will be asked to pick up the pieces.
    Thanks from Friday13

  3. #23
    Thought Provocateur NightSwimmer's Avatar
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    Quote Originally Posted by bajisima View Post
    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?
    Prolly up in the attic, next to the pet rocks.
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  4. #24
    Veteran Member bajisima's Avatar
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    Check this out...

    "The environmental cost of cryptocurrency mining was a concerned raised years ago and one that has received renewed attention thanks to a new report: Bitcoin mining is using more electricity than 12 US states and 159 countries. If things continue as they have been, it is expected that Bitcoin electricity usage will grow to match the current global electricity usage by early 2020. Highlighting that expectation is the reality that Bitcoin mining electricity usage has increased nearly 30-percent in the past month. The environmental impact of such mining actions have officials worried, particularly in places where electricity is derived from coal plants rather than renewable resources."


    https://www.slashgear.com/bitcoin-mi...ates-24509114/

  5. #25
    Veteran Member Chief's Avatar
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    Quote Originally Posted by bajisima View Post
    Check this out...

    "The environmental cost of cryptocurrency mining was a concerned raised years ago and one that has received renewed attention thanks to a new report: Bitcoin mining is using more electricity than 12 US states and 159 countries. If things continue as they have been, it is expected that Bitcoin electricity usage will grow to match the current global electricity usage by early 2020. Highlighting that expectation is the reality that Bitcoin mining electricity usage has increased nearly 30-percent in the past month. The environmental impact of such mining actions have officials worried, particularly in places where electricity is derived from coal plants rather than renewable resources."


    https://www.slashgear.com/bitcoin-mi...ates-24509114/
    That's pretty crazy. I always thought the processing that the bitcoin did actually was applied to something... solving big science questions or something... but nope... it does nothing but solved random increasingly difficult equations and for that earns bitcoins. That's wasteful.
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  6. #26
    Veteran Member bajisima's Avatar
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    Skyrocketing as we speak..

    Bitcoin jumps more than $1,000 in about 12 hours as gains accelerate.

    https://www.cnbc.com/2017/11/29/bitc...ing-10000.html

  7. #27
    Established Member NeoVsMatrix's Avatar
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    Quote Originally Posted by StanStill View Post
    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.
    Of course, there's a trading platform for it, it's as easy as trading stocks.. easier, actually.

    I can't believe i missed out on "my dot.com" opportunity. I'm such a bad investor !!!
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  8. #28
    Veteran Member Micro Machines Champion, Race Against Time Champion Tedminator's Avatar
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    Quote Originally Posted by splansing View Post
    https://www.theguardian.com/technolo...unds-plough-in

    So an unregulated currency that may or may not be worth 10 cents tomorrow is heading towards $10,000 (unless it's passed it since I started writing). This year you could nearly double your money by buying this commodity outright in just a few months.

    https://www.reuters.com/article/us-c...-idUSKBN1DL1QP

    What about futures? Will people be buying options in this commodity soon? Options trading, doubtless on margin, in a commodity that can rise or fall in price literally 100% in mere months, and has, repeatedly.

    What could possibly go wrong?

    https://www.theguardian.com/business...h-banking-2008

    Not sure why this came to mind, but this is a pretty good album:

    https://en.wikipedia.org/wiki/Appetite_for_Destruction
    Hey... a lil late to the party but maybe I'll set up a tiny crypto mining operation

    Any of yous doing this?

  9. #29
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    Tulips? We'll see.
    Thanks from Blues63

  10. #30
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    Quote Originally Posted by publius3 View Post
    Tulips? We'll see.
    At least you can hold a tulip in your hand. Maybe not the promise of an as-yet ungrown tulip, but still, at least at the center of that steaming compost pit there was an actual thing.

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