Bitcoin....who's gotten into it?

[Stu Gotz]

I still don't understand how central banks and sovereign treasury departments sign off on this. At the end of the day, crypto currencies will be legal tender on Peter Thiel's oil rig, but that's about it.

Or it gets heavily regulated.

[fantastic_damage]

I guess I can understand some people's views on this. Look at how many crypto currencies there are, over 1300 https://coinmarketcap.com/all/views/all/
Anyone can create their own, look here is AppleCoin which has a total maket cap of $14 LOL, literally fourteen dollars: https://coinmarketcap.com/currencies/applecoin-apw/

Regardless who's everyone using, Coinbase? Bitstamp? Seems Bitstamp lets you trade in most all cryptos?


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[wakefield]

Regardless who's everyone using, Coinbase? Bitstamp? Seems Bitstamp lets you trade in most all cryptos?

I buy on Gemini (cheaper than Coinbase and less down time) and transfer to Bittrex to buy anything other than BTC/ETH.

[wakefield]

Ethereum still chugging along, After it crests I'm getting a little antsy to either go into NEO or BCH, but having a wallet for BCH is tugging me in that direction.

Thanks pop.

Yeah, when I saw people breeding cats on the Ethereum network, I got more bullish. It's kind of how the internet works

I started buying NEO after China cracked down on cryptos in the fall (wish I had when it was AntShares and I was thinking of it over the summer). China has a huge problem with capital flight, but they're also not going to be left behind the rest of Asia in financial development. My guess is that they get more regulations in place and start loosening restrictions sometime next year. That's my gamble on NEO. It has some important differences from ETH, but most people just know it as "Chinese Ethereum." And when it comes to technology, China biases toward home-grown products.

As for BCH, I'm happy I have some from the fork, but I'm not sure I'd buy more. Though rumor is that Coinbase is going to add more coins in 2018, and BCH is likely to be one of them. And if things go on Coinbase (while the market is still wildly irrational), they'll go up.

[pepperdawg]

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

[Swine]

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

Just hold it. It could be worth $1 in 5 years or $10k in 5 years, who knows? Risk/reward says don't be that guy who blew what could have been major bucks on a pizza.

[pepperdawg]

But I'm hungry now dammit....

yeah leaning towards back into the drawer as too lazy to download and figure out to use a wallet for $~$50

[4matic]

Everyone’s a genius in a bull market.

[DJSapp]

I'll throw this out here - so couple years ago a co-worker gave me some bitcoin on a "paper wallet" - has public/private key, cool little holigram and barcode square thingy.

It was like $1 when he gave it to me - now its like $50. How can I E A S I L Y spend this thing? Googled "25 top places that take bitcoin" nothing really.....looks like I could possibly use it to buy an Amazon Gift card through a 3rd party? What else? Or should I just put it back in my desk drawer and maybe it will be $100 next time I look.?

Sincerely Crypto Jong.

overstock.com

[Skidog]

https://www.google.com/amp/s/www.coi...-effort-china/

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[Mazderati]

Denny's (that Denny's) getting in on the crypto market. Pitcoin. Buy! Buy! Buy!

[Meathelmet]

Very true - one thing I'm not sure if you have much exposure to is the fact that major corp CIOs are eating up the blockchain methodology. .

(Far too few) peeps have contemplated what the whole "block chain" could actually be utilised for in this current world of capitalism.
As it has shown, it holds interest. But for what? At some point the general consensus was that it could "advance the democracy" by rearranging the concepts of trade, from centralised to more P-to-P. And now what has happened? It has turned into a speculative instrument that is utilised by the very machine that has been fought to begin with.

What was that saying? "Revolution eats its own"?

[huckbucket]

(Far too few) peeps have contemplated what the whole "block chain" could actually be utilised for in this current world of capitalism.
As it has shown, it holds interest. But for what? At some point the general consensus was that it could "advance the democracy" by rearranging the concepts of trade, from centralised to more P-to-P. And now what has happened? It has turned into a speculative instrument that is utilised by the very machine that has been fought to begin with.

What was that saying? "Revolution eats its own"?

I found this helpful. Plus, the host is hawt!!



Funny that they explicitly state in that video that one risk of BTC is that it will tarnish the potential of blockchain.

[Bromontana]

Yeah, when I saw people breeding cats on the Ethereum network, I got more bullish. It's kind of how the internet works

I started buying NEO after China cracked down on cryptos in the fall (wish I had when it was AntShares and I was thinking of it over the summer). China has a huge problem with capital flight, but they're also not going to be left behind the rest of Asia in financial development. My guess is that they get more regulations in place and start loosening restrictions sometime next year. That's my gamble on NEO. It has some important differences from ETH, but most people just know it as "Chinese Ethereum." And when it comes to technology, China biases toward home-grown products.

As for BCH, I'm happy I have some from the fork, but I'm not sure I'd buy more. Though rumor is that Coinbase is going to add more coins in 2018, and BCH is likely to be one of them. And if things go on Coinbase (while the market is still wildly irrational), they'll go up.

Im in Neo via binance now, mostly because of the good chart. Have a gemini account I'm going to use to buy some BTC tomorrow. Being an actual licensed broker with the Winklevossi in the mix is a plus, and it's a regulated u.s. broker for btc/eth.

Sold my eth after a trip from 530 to 745.

[snoqpass]

Feds: New York woman laundered bitcoin to aide Islamic Statehttp://www.kiro7.com/news/national/feds-new-york-woman-laundered-bitcoin-to-aide-islamic-state/664196837

[couloirman]

Just hold it. It could be worth $1 in 5 years or $10k in 5 years, who knows? Risk/reward says don't be that guy who blew what could have been major bucks on a pizza.

Like me. I had $250 of bitcoin when it was something like $0.12 a piece back at the beginning. I'm pretty sure I spent it on beer. Oh well. Can't win em all?

[wakefield]

Im in Neo via binance now, mostly because of the good chart. Have a gemini account I'm going to use to buy some BTC tomorrow. Being an actual licensed broker with the Winklevossi in the mix is a plus, and it's a regulated u.s. broker for btc/eth.

Sold my eth after a trip from 530 to 745.

Looks like BTC is finding some stability. Probably a good time to buy it.

I’m committed to not touching my ETH for another year or so. If it works, it’s going up orders of magnitude. If it doesn’t, oh well.

A healthy pullback after those huge spikes seems good to me.

[Bromontana]

Looks like BTC is finding some stability. Probably a good time to buy it.

Saw a note by a hedge fund manager today saying it's the perfect candidate for a short squeeze. I thought before recently that futures would open up a wave of short selling, but it sounds like supply won't be that easy to come by to make that happen. Which flips the institutional 'easiest path to riches' of simply going along with a squeeze. Anyhow, dude is very bullish for the next six months, then likely sell off as it has in the past.

[Bobby Stainless]

Seemed like a good time to throw some more money at this. Putting everything on my Nano S and revisiting next year.

[Core Shot]

How can it be a currency when it has no stability?

How can amazon or anyone sell you something in BTC unless they can immediately convert it to a more stable currency?

Or, how can you buy something if the price is fluctuating in real time? Between adding your item to the shopping cart and checking out, does the price change?

[Benny Profane]

Is there some way to do a Big Short of Bitcoin? I'm in, if there is.

[huckbucket]

Is there some way to do a Big Short of Bitcoin? I'm in, if there is.

I think you can now trade futures. We'll need a TR. Hope your facebook predictions don't repeat.

[Benny Profane]

Wanna bet?

Cash on the table, of course.

[huckbucket]

Wanna bet?

Cash on the table, of course.

This is your horse, not mine.

[Bromontana]

How can it be a currency when it has no stability?

How can amazon or anyone sell you something in BTC unless they can immediately convert it to a more stable currency?

Or, how can you buy something if the price is fluctuating in real time? Between adding your item to the shopping cart and checking out, does the price change?

Lots of digital currency converters out there. We use them for airline websites, it would require a code update and more integration with exhanges, but I don't see any reason why it couldn't be done.

I gotta nano s on ze way