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Old 12-12-2017, 11:36 PM #1
Hubbleman
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Post Anybody invest??

Shit I wish I bought some bitcoins few months ago... I was told itís gonna sky rocket but I didnít listen

Anyway, how much bigger can B get?
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Old 12-12-2017, 11:43 PM #2
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If you're playing the virtual chicken games, I'd look at lite coin and quantum rather than bit coin. Much more sensible options right now. But if you are investing, UK govt backed energy bonds give 10% and no risk each year, or for the gamblers shell oil due to a return to cash dividends.
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Old 12-13-2017, 02:44 AM #3
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There's still a chance to make money, but with my financial situation, I'm not taking the risk.

I've been focusing on silver lately. I was getting a new watch battery at the pawn shop, casually asked about gold and he was nice enough to talk to me for like 15 minutes.

Basically I'm making one purchase a month. After all living expenses, I take whats left and buy coins. He said to have a plan and be consistent with it. I certainly don't expect to become rich, but at 31 if I keep it up, maybe I will have a little nest egg a few decades from now.
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Old 12-13-2017, 03:01 AM #4
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Coins trade at a premium to scrap silver prices. Bullion bars track scrap prices better and are just as easy to trade in.
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Old 12-13-2017, 03:35 AM #5
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Coins trade at a premium to scrap silver prices. Bullion bars track scrap prices better and are just as easy to trade in.
I plan on having a little of everything. I've been buying and researching PM's for a few years now and still can't find a definitive answer which is better. Many pros and con's for both.

I admit that right now I'm partial to Government Minted Coins because they are so liquid and recognizable, but theres not doubt rounds and bars are more affordable.
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Old 12-13-2017, 03:39 AM #6
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Shit I wish I bought some bitcoins few months ago... I was told itís gonna sky rocket but I didnít listen

Anyway, how much bigger can B get?
you and me both, another train that left the station without us. what's it up this year , like 1600%.


but i did buy some AKAM this week.
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Old 12-13-2017, 06:36 AM #7
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you and me both, another train that left the station without us. what's it up this year , like 1600%.


but i did buy some AKAM this week.
Yes collecting extremely exclusive numbers is starting to drive up the price of electricity in some markets. Inconvenient that this is at the same time the price of dank indoor weed is at an all time low. It will be funny when people start getting their electricity shut off and going broke because of consumer's insatiable craving for electronic cabbage patch dolls. The current electricity cost of making a bitcoin is about $1600 so the cost of electricity needs to go up more than 10x before the price of making a coin and the price of buying one even out.
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Old 12-13-2017, 04:00 PM #8
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My fiance and I are about to start investing- shes graduating school into a high paying job. Everything I've read about it seems like drones, virtual reality, AI, real estate, legal marijuana, quantum/ nano tech are all big growth industries for decades to come. I like the idea of bitcoin but its pretty fringe- like good idea to put 5-10% of your portfolio in it but make sure your diversified in case it comes crashing down. I have a strong feeling if it gets more mainstream the big banks and Uncle Sam will shut it down or make their own that we are forced to use instead. No way that much money can be flying around and Big Brother not having his nappy fingers in it
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Old 12-13-2017, 05:43 PM #9
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The current electricity cost of making a bitcoin is about $1600 so the cost of electricity needs to go up more than 10x before the price of making a coin and the price of buying one even out.
Not when you add in the cost of equipment, depreciation and man hours involved.... It costs a lot more than $1600 to 'make a bitcoin' today. In other words, I would not bet on BTC hitting $1600 again without it being on the decline to nothing.
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Old 12-13-2017, 07:03 PM #10
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Bank of America landed a patent on cryptocurrency transactions.

https://www.coindesk.com/bank-of-ame...-patent-award/

Bank of America may be looking into cryptocurrency exchange services for its corporate clients – or at least keeping its options open should they become interested.
In a patent awarded by the U.S. Patent and Trademark Office on Tuesday, the second-largest bank in the U.S. outlined a potential cryptocurrency exchange system that would convert one digital currency into another. Further, this system would be automated, establishing the exchange rate between the two currencies based on external data feeds.
The patent describes a potential three-part system, where the first part would be a customer’s account and the other two would be accounts owned by the business running the system. The user would store their chosen cryptocurrency through the customer account.
The second account, referred to as a "float account," would act as a holding area for the cryptocurrency the customer is selling, while the third account, also a float account, would contain the equivalent amount of the cryptocurrency the customer is converting their funds to.
That third account would then deposit the converted funds back into the original customer account for withdrawal.
The proposed system would collect data from external information sources on cryptocurrency exchange rates, and use this data to establish its own optimal rate.
The patent notes this service would be for enterprise-level customers, meaning that if the bank pursues this project, it would be offered to businesses.
According to the patent:
"Enterprises may handle a large number of financial transactions on a daily basis. As technology advances, financial transactions involving cryptocurrency have become more common. For some enterprises, it may be desirable to exchange currencies and cryptocurrencies."
The proposed system could also evaluate transactions for potential illicit trades, calculating a risk score based on the amount of cryptocurrency being transferred and any other information available, according to the patent.
Transactions which look illegal would not be allowed to process, the patent says.
Bank of America has been looking into cryptocurrencies for years, filing another patent in 2014 to create a cryptocurrency-powered wire transfer system.
That system would allow users to transfer funds by converting the sender's local currency into a cryptocurrency, sending it to a foreign exchange, and then converting it to the destination country's currency.


that should start people that are wary becoming more comfortable.
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