December 13, 20186 yr On 1/8/2018 at 5:58 PM, YABO713 said: ^XRP will be at $5-$6 by February Trading at 31 cents.
December 13, 20186 yr On 1/4/2018 at 2:54 PM, KJP said: Lots of good reports on TRX. Some is undoubtedly founder hype but the coin was rising 30% yesterday. So I was trying to buy a nibble of TRX on Binance last night but the site kept crashing. Turns out they were hours away from adding new server capacity. This morning I checked TRX and it had gone up another 200% while I was sleeping. Such is life in crypto world.... TRX now trading at $.013. As in slightly more than a penny, down from a January 2018 high of 27 cents.
December 17, 20186 yr Bitcoin is now trading below $3,500, down almost 83% from its all-time high. Very Stable Genius
December 19, 20186 yr Regarding digital ledgers.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 27, 20186 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 5, 20196 yr Canada's largest cryptocurrency exchange is unable to access millions in digital currency following the sudden death of its founder. https://www.bbc.com/news/world-us-canada-47123371
February 12, 20196 yr The NY Times reports on the bitcoin hangover in Korea: https://www.nytimes.com/2019/02/10/business/south-korea-bitcoin-cryptocurrencies.html?action=click&module=News&pgtype=Homepage
February 25, 20196 yr Bitcoin Has Saved My Family “Borderless money” is more than a buzzword when you live in a collapsing economy and a collapsing dictatorship. The local market for Bitcoins broke a record on April 17, reaching $1 million worth on that day alone, Bloomberg reported. Venezuela has been ranking second worldwide in volume of activity on LocalBitcoins.com, after Russia. ... during the week ending on Feb. 16, people in Venezuela traded about $6.9 million on LocalBitcoins.com https://www.nytimes.com/2019/02/23/opinion/sunday/venezuela-bitcoin-inflation-cryptocurrencies.html?
March 6, 20196 yr https://www.bbc.com/news/technology-47454528 Quote Efforts to recover millions in crypto-cash from the digital wallets of a man who died without revealing passwords to access them have hit a snag. The wallets have been found to be empty. The discovery was made by a firm appointed to oversee QuadrigaCX after the death of founder Gerald Cotton. It expected to find the wallets full of C$180m ($137m; £105m) in crypto-cash deposited by the coin exchange's customers. Very Stable Genius
March 6, 20196 yr ^That's unbelievable. Who are all of these people who not only kept their crypto stuff on random exchanges, but who also seemed to keep all or nearly all on a single exchange? Even I, the thousandaire, have my meager savings split between several banks.
March 9, 20196 yr Despite the rise of crypto, use of the $100 bill by foreign criminals has doubled in recent years: https://www.nytimes.com/2019/03/09/opinion/sunday/money-dollar-100.html?action=click&module=Opinion&pgtype=Homepage
April 23, 20196 yr Softbank Founder lost $130 million on Bitcoin: https://cointelegraph.com/news/wsj-japanese-billionaire-softbank-founder-lost-130-million-on-bitcoin-investment Meanwhile, everything has mysteriously bounced upward 20-30% in the last month.
June 18, 20195 yr Bitcoin back over $9,000. Also, Facebook to launch its own cryptocurrency aimed to undermine credit cards: https://phys.org/news/2019-06-virtual-money-facebook-disrupting-world.html
October 25, 20195 yr A bunch of crypto scam artists are appearing at the Sharonville(!) Convention Center Nov 8-9: https://chainwise.us/ They're advertising this scam event on the radio. If I was still writing professionally I'd hit this thing and maybe dive into the "scene" a little. I mean, look at this guy: Edited October 25, 20195 yr by jmecklenborg
October 26, 20195 yr One wonders at the brush of fate that steered him away from a life spent in his mother's basement playing Dungeons and Dragons.
March 13, 20205 yr Virus scare causes Bitcoin to lose half its value: https://www.msn.com/en-us/money/markets/cryptocurrencies-see-dollar935-billion-wiped-off-value-in-24-hours-as-bitcoin-plunges-48percent/ar-BB117pPS?ocid=spartandhp So in a time of crisis, people are fleeing to cash, not virtual currency.
July 31, 20204 yr This guy will go to prison for six months and then enjoy a career with the FBI or Homeland Security. Or he'll just OD at Burning Man. https://nypost.com/2020/07/31/mastermind-behind-twitter-hack-is-a-teen-from-florida-authorities/
August 1, 20204 yr I miss @C-Dawg. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
December 27, 20204 yr Well it certainly appears that people have been putting their christmas bonuses and gift checks into Bitcoin. The current run-up makes no sense.
January 2, 20214 yr On 12/27/2020 at 1:29 PM, jmecklenborg said: Well it certainly appears that people have been putting their christmas bonuses and gift checks into Bitcoin. The current run-up makes no sense. Up 30% in a week and 10% overnight as one $600 stimulus check after another becomes Bitcoin. The price is currently $32,500 and will likely blow past $34,000 this week, which will be 2X its 2017 high.
January 7, 20214 yr Bitcoin flirted with $40,000 earlier today. If Biden writes everyone a $2,000 check it's going to push way higher.
January 7, 20214 yr I've flirted several times with shorting Bitcoin and several other cryptocurrencies. Always pulled back from it, and glad I did. But wow does this strike me as a bubble. I've never even remotely understood the appeal of crypotcurrency as an asset class--which means, of course, on the Chesterton's Fence principle, I don't know enough to short it.
January 7, 20214 yr 1 minute ago, Gramarye said: I've flirted several times with shorting Bitcoin and several other cryptocurrencies. Always pulled back from it, and glad I did. But wow does this strike me as a bubble. I've never even remotely understood the appeal of crypotcurrency as an asset class--which means, of course, on the Chesterton's Fence principle, I don't know enough to short it. Pre-Robinhood, it was a pain to buy and sell Bitcoin. Now it's as easy as anything else. The rise of the apps is a big reason why Bitcoin took off this year. I signed up for both Robinhood and Webull in mid-December and bought $500 worth of bitcoin on each. My $1,000 "investment" is now worth $1,500+. I'm just going to let them sit forever. It's not enough money to care about if I lose it all in five years.
January 7, 20214 yr Robinhood has been around for a while and there are ETFs and mutual funds that are basically just institutional holdings of crypto. I don't think it was ever that hard to buy it. Also, if ease of access is really behind the run-up in the price, I'm even more inclined to treat it as a bubble. That's not underlying value.
January 7, 20214 yr Is anyone familiar with RIOT blockchain? Edited January 7, 20214 yr by Cincinnatus
January 8, 20214 yr 7 hours ago, Gramarye said: I don't think it was ever that hard to buy it. The Mt. Gox disaster set bitcoin back by several years: Quote Mt. Gox announced that approximately 850,000 bitcoins belonging to customers and the company were missing and likely stolen, an amount valued at more than $450 million at the time.[9][10] Although 200,000 bitcoins have since been "found", the reasons for the disappearance—theft, fraud, mismanagement, or a combination of these—were initially unclear. New evidence presented in April 2015 by Tokyo security company WizSec led them to conclude that "most or all of the missing bitcoins were stolen straight out of the Mt. Gox hot cryptocurrency wallet over time, beginning in late 2011."[11][12] Coinbase didn't get easy to use until around 2016. The appearance of Ethereum brought a lot of new attention to Bitcoin and Coinbase was the first U.S. exchange to handle both (I think I still had to buy Ethereum with Bitcoin back then but I can't remember exactly) in early 2017. Robinhood, etc., blew the doors open for bitcoin. A bunch of the guys who barely finished high school who work at my company's warehouse got on Robinhood in 2020 and started throwing money at random fractional shares, including bitcoin. I chat with these guys 2-3 times a week about stock stuff. I don't know that any of them have actually made a significant amount of money yet. But there might be 1 million of these sorts of guys nationwide now and they're distorting the market toward Tesla and other trendy stocks.
January 8, 20214 yr I don't know much about Mt. Gox, but what I do know is that it started out as a Magic card trading hub. People aren't lying when they talk about how much money you can make in Magic and Pokemon once you get it down to a system and are capitalized properly. I'm just now starting to get there after 6 years. I have absolutely no interest in these products personally. I have one Magic card that is mine and it is worth 39 cents. They really do offer stock market returns all except you have to take physical possession of them. The only reason I sell them is that a business associate told me that I have to. Edited January 8, 20214 yr by GCrites80s
January 8, 20214 yr Bitcoin just went from $28,000 to $42,000 in less than a week. The price keeps jumping in the middle of the night, which means a lot of the money is coming in from Asia and Europe.
January 8, 20214 yr 52 minutes ago, jmecklenborg said: Bitcoin just went from $28,000 to $42,000 in less than a week. The price keeps jumping in the middle of the night, which means a lot of the money is coming in from Asia and Europe. It could also be indicative of coordinated buys
January 10, 20214 yr An acquaintance of mine just posted this on Facebook, with the caption "I regret this decision...". I'm guessing this was from 2016 or thereabouts and it looks like Coinbase.
January 12, 20214 yr https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html/ Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes ..there are many people who are locked out of their Bitcoin fortunes as a result of lost or forgotten keys. They have been forced to watch, helpless, as the price has risen and fallen dramatically, unable to cash in on their digital wealth. Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets..
January 12, 20214 yr 1 hour ago, Jimmy Skinner said: https://www.nytimes.com/2021/01/12/technology/bitcoin-passwords-wallets-fortunes.html/ Lost Passwords Lock Millionaires Out of Their Bitcoin Fortunes ..there are many people who are locked out of their Bitcoin fortunes as a result of lost or forgotten keys. They have been forced to watch, helpless, as the price has risen and fallen dramatically, unable to cash in on their digital wealth. Of the existing 18.5 million Bitcoin, around 20 percent — currently worth around $140 billion — appear to be in lost or otherwise stranded wallets.. Yeah one of my brothers got locked out of about $5,000 on coinbase about two years ago. He now regrets threatening them with a lawsuit to get them to take action because if he had sat back until now it would have been worth $30,000. I also know a guy who mined 50 bitcoins in the early 2010s and can't find them on his old hard drives. That's way over $1 million right now.
February 5, 20214 yr I bought 11k shares in DOGE b/t Monday and Tuesday (and will buy more), but it's for the long haul. With Harvard, Voyager, Square, etc. investing in crypto I think it's hear to stay. I'm betting that DOGE will get to that point as well and if not, it didn't take a lot to invest on this gamble. I have friends that have made more than my 401k will in a fraction of the time.
February 5, 20214 yr 2 hours ago, Cincinnatus said: I bought 11k shares in DOGE b/t Monday and Tuesday (and will buy more), but it's for the long haul. With Harvard, Voyager, Square, etc. investing in crypto I think it's hear to stay. I'm betting that DOGE will get to that point as well and if not, it didn't take a lot to invest on this gamble. I have friends that have made more than my 401k will in a fraction of the time. I bought 15 egld last week at $65. We’ll see how it goes.
February 6, 20214 yr I haven't looked at the coin scene in a couple years. Do you still have to trade on Coinbase or similar and use digital wallets? Or are the big players in the game now to just buy through the normal platforms?
February 6, 20214 yr 47 minutes ago, Cleburger said: I haven't looked at the coin scene in a couple years. Do you still have to trade on Coinbase or similar and use digital wallets? Or are the big players in the game now to just buy through the normal platforms? Coinbase still exists and is probably still the biggest. I closed my Coinbase account back in 2018. I opened up a Binance account in 2020. What's weird about Binance is that you have to use www.binance.us. If you use www.binance.com it is a Chinese-operated site, which should make everyone nervous. I created a Binance account without realizing the China thing at first and thought that my initial deposit had been stolen. As you can see, there is a Chinese flag right there at the top and it's hard to find the U.S.A. on the dropdown.
February 8, 20214 yr https://www.cnbc.com/2021/02/05/bitcoin-btc-surge-renews-worries-about-its-massive-carbon-footprint.html#:~:text=Bitcoin has a carbon footprint,Netherlands%2C Cambridge University researchers say. Quote Tesla buys $1.5 billion worth of Bitcoin, says may accept it for payment for products in the 'near future' Very Stable Genius
February 8, 20214 yr On 2/5/2021 at 12:15 PM, jmecklenborg said: I bought 15 egld last week at $65. We’ll see how it goes. Well it tripled+. I'm up about $2,000 in less than 10 days.
March 2, 20214 yr Wow...This trailer for an upcoming movie about the 2021 Crypto Bubble looks intense. Edited March 2, 20214 yr by David
March 3, 20214 yr blockchain authenticated nft’s or short video clips have exploded in value: https://nypost.com/2021/03/01/how-a-10-second-video-clip-sold-for-6-6-million/
March 3, 20214 yr Really? I thought I would see SOME kind of reaction on here from the crypto-movie trailer I posted, considering how much you guys have to say on the matter. Even I, who built computers and read books all throughout my teen years on computer science, hardware components to how software works from front to back end including database design, majored in Computer Engineering and got a certificate of Software Engineering from a coding bootcamp, I was laughing my ass off at that trailer because I know the technology is extremely hard to understand, even more difficult to explain and know how it's really easy to accidentally make yourself sound like a fool talking about it. I think from now on, I'm going to start challenging everyone who talks about crypto-currencies they're investing in, like they know exactly how they work, by asking them very specific questions they aren't prepared for. It's going to be hilarious. Edited March 3, 20214 yr by David
March 3, 20214 yr 2 hours ago, mrnyc said: blockchain authenticated nft’s or short video clips have exploded in value: https://nypost.com/2021/03/01/how-a-10-second-video-clip-sold-for-6-6-million/ How does NFT prove ownership?
March 3, 20214 yr How is NFT authenticated where millions of dollars are at steak? Anyone can chime in. Please explain the entire process and enlighten everyone. Thanks.
March 9, 20214 yr These NFTs have got to be the biggest tax scam of all time. The IRS released a statement saying they're coming after you Crypto-evaders! (Even though they still have a stack of 6 million unprocessed tax returns from 2019... ) None of this even makes sense. People are literally paying millions for art work, albums, Gifs and even tweets. Do you actually have any control over the publishing, money potentially generated from it and their distribution channels? Or are you literally just buying nothing? It sounds like you're buying nothing. Alien Abduction Insurance sounds like a more sound investment than this. This is what everyone is going to spend their stimulus checks on...digital assets that have no real value. This all has to crash eventually. I mean, what's next? Roseanne's racist twitter rant is going to be auctioned off at Cristy's? Am I going to get a call from a lawyer saying my uncle left me a Jeffrey Epstein meme from the digital wallet in his will? When investments are this hard to understand, it's usually a tax scam. Edited March 9, 20214 yr by David
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