Bitcoin Investment

[Griffin Donavon]

I read a very interesting article on a currency I heard about 2 years ago, I noticed if I invested for the long term my 1000$ I invested would have turned to $50,000 to 100,000.. I thought I would share the article, and ask opinions and if anyone has done this yet.

 

http://mashable.com/2013/04/09/why-invest-in-bitcoin/

[+ Topseed]

The last line of the article you cite sums it up nicely.

[Griffin Donavon]

It sure does, not too mention some organizations who strictly run of bitcoin that are growing rapidly..That I won't mention..

[fedssocr1]

There was a big article in the Washington Post the other day too.

 

Once in a while I watch the Max Keiser show on RT. All he does is plug Bitcoin over and over in his strident schticky voice.

[marylander1940]

I'm aware there have been other more recent posts about Bitcoin but @Griffin Donavon brought it into our lives and that's why I'm posting on here.

 

Say hello to E-Krona, the (first) national online coin.

 

Cash is used to an ever-decreasing extent in Sweden, which has led them within the world of central banking to start considering whether a digital complement to cash that is guaranteed by the state is needed so that we will be able to promote a safe and efficient payment system in the future too. Consequently, in mid-March, we launched a project with the aim of investigating the need for a so-called e-krona and the possible consequences of introducing such a complement.

http://internationalmoneyreform.org/wp-content/uploads/2016/11/riksbank-e-krona-700x368.jpg

 

 

[+ freecahill1965]

I wish I saw that bitcoin post in 2013. A $1000 then would have made a bundle today.

[marylander1940]

I wish I saw that bitcoin post in 2013. A $1000 then would have made a bundle today.

 

The thread barely received attention...

[+ GregM]

Currency can be whatever the people involved in the deal say it is. It can be Bitcoin, the shitty US dollar, the even worse Yen or a bag of rocks. The bank are mad because they cant control it. For now.

 

Hugs,

Greg

[+ GregM]

@Griffin Donavon here's a link explaining some of the lingo in case you want to purchase of Bitcoin or other currency http://www.techaed.com/cryptocurrency-glossary-dictionary-cryptocurrency-bitcoin-terms/

And always remember as been stated before, dont invest more than what your comfortable losing.

 

Hugs,

Greg

[Beancounter]

https://www.forbes.com/sites/greatspeculations/2017/08/04/how-to-report-bitcoin-cash-and-avoid-irs-trouble/2/#65f74272a1d2

 

The IRS, while slow to address cryptocurrency issues, has finally issued guidelines for reporting. It could get ugly for those who deal in cryptocurrencies. Couple that with the fact that the IRS has ruled cryptocurrencies are considered property and not currency and you have a whole new equation added to this debacle.

[MikeSinz]

2 years ago I transferred $50 into a Bitcoin wallet to use it as advertisement purposes. Well needless to say I never quite figured out how to use it. And I kind of forgot it. I was getting my haircut and I heard this guy talking about Bitcoin how it was $17,000 Bitcoin and anyone that had purchased it within the last 3 year. Would probably have a lot of money. Of course I downloaded the coinbase app again I had to figure out my passwords again and when I finally figured all that out my $50 was $2,980. Not bad but since then Bitcoin has gone down and it keeps fluctuating

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[Griffin Donavon]

A friend I know cashed out at 350k.... I think he plans on being retired from everything by 30. He put that into what he tells me is a 100 bagger in oil discovery.. huh 350k x 100=35 mill Crazy guy.... Tells me he is already at 1.4m.... Lunatic he is..

 

 

Here you go guys, http://www.stockhouse.com/companies/bullboard/gspe/gulfslope-energy,-inc

 

Will you take notice now

Edited March 21, 2018 by Griffin Donavon

[+ Tarte Gogo]

A friend I know cashed out at 350k.... I think he plans on being retired from everything by 30. He put that into what he tells me is a 100 bagger in oil discovery.. huh 350k x 100=35 mill Crazy guy.... Tells me he is already at 1.4m.... Lunatic he is..

 

 

Here you go guys, http://www.stockhouse.com/companies/bullboard/gspe/gulfslope-energy,-inc

 

Will you take notice now

So what did you do in 2013, Griffin?

[Griffin Donavon]

Listened to the wise

[+ MasssageGuy]

BitCoin = OxyMoron

 

Didn't Tillerson call Trump a Moron...

 

Perhaps a Two Bit Moron....

[+ Keith30309]

I think the cryptocurrency party is over - there’s tons of movement in the small cap ICO’s... I just peeked at BritCoin (not bitcoin) and it’s up 8800% in the last 24 hours... but it’s all about the pump and dump guys on Reddit.

 

GSPE = not for the faint of heart

Link

[Griffin Donavon]

How does one go about looking for that on reddit?

[+ Keith30309]

How does one go about looking for that on reddit?

Download the app. There’s also a web portal -> link

Do not believe anything you read on here. If someone says it’s raining then buy sunglasses.

[+ Keith30309]

I got a chuckle out of this...

 

‘OK, I’ll say it: bitcoin is a scam,’ says the former CEO of PayPal and Intuit

 

Excerpt: “It’s a colossal pump-and-dump scheme, the likes of which the world has never seen... the losers are ill-informed buyers caught up in the spiral of greed. The result is a massive transfer of wealth from ordinary families to internet promoters.’”

 

Link

[+ Pensant]

I know a young provider who cashed out at $300k. Not bad for 21.

[+ LIguy]

Here on the South Shore of western Nassau County Long Island a home went on the market for 4.6 million and the broker stated that Bitcoin would be accepted as payment. It's supposed to be the first time that Bitcoin could be used in a real estate transaction on Long Island.