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08-15-2017, 12:41 PM | #1101 | |||||||||||||||||||
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This thread is gold. LMAO, just did a quick scroll and clicked on a few random pages.
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https://i.redd.it/hzyw2u4lgtfz.png Quote:
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I love all the haters in this thread. Guess what, I'm going to buy a house with my bitcoins, suck it.
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08-15-2017, 01:56 PM | #1102 |
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You didn't quote the previously latest post. 2 months, BTC more than doubled (well peaked, yadda yadda).
The cryptocash thread is good, too. Guys in there aren't mining, they're nuts enough to actually gamble on it with monies! I've got enough stress in my life, no time for that. |
08-15-2017, 02:26 PM | #1103 | |
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Quote:
Or are you going to sell your bitcoins and pay for your house with a real currency? This is just gambling for nerds. That's why 98% of the talk in these threads is about how to make money (real money) using bitcoins, not how peer to peer currencies will be taking over the world. Because it's not. Because if it did, governments would step in to control it or stamp it out. |
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08-15-2017, 02:50 PM | #1104 | |
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Quote:
If I bought 4 of them 3 years ago at this price ($2k buy), they'd be worth $16k today. $14k profit. If I had $20k to put in then, and got 40 of them, then that'd be... carry the zero... $160k. OP was May 2011. Was worth about... $1.00 ea. Again, if anyone had bought $2k worth, then... they'd have around 2000 of them, at $4k ea now, and that's... *gasp* $8,000,000. Imagine someone buying $20k worth back then? $80,000,000!@!! --kC |
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08-15-2017, 03:45 PM | #1105 | |
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Quote:
I would rather just take my time machine back a few days and buy a powerball and megamillions.... |
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08-15-2017, 04:09 PM | #1106 | ||||
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What difference does it make? If someone wants BTC I'll pay with that. If someone wants dollars I'll exchange it for that. If someone wants rubles I'll exchange it for that. If someone wants yen I'll exchange it for that. If someone wants Red Lobster gift cards I'll pay with that. See how this works? Quote:
Really though you're just mad you didn't buy any when it was super cheap. Bitcoin isn't about "making money," it's about making traditional banking irrelevant, and all other associated centralized institutions (the Fed etc...). You know, those guys who blew up the financial system and made tons of Americans homeless, then forced those same Americans to give them trillions of dollars for the service. Yeah, it's about eliminating that parasitic grift from society with simple technology. What's truly funny is how those very same toxic institutions are attempting to ban cash now. So which would you rather use if they're both just ones and zeroes, a centralized system where a select few oligarchs issue and control the ones and zeroes, manipulating it at their will and for their own personal profit? Or would you rather use a 100% voluntary and decentralized form of currency that's not controlled by a few oligarchs? |
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08-15-2017, 04:22 PM | #1107 |
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Are you a member of black bloc, Rasta?
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08-15-2017, 04:29 PM | #1108 | |
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08-15-2017, 05:37 PM | #1109 | |
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Quote:
--kC |
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08-16-2017, 03:09 AM | #1110 |
Ethon
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08-16-2017, 08:46 AM | #1111 | ||||||
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Quote:
What do all those things you listed have in common that BTC doesn't? Stability. People know that $1 today will be worth roughly $1 tomorrow, and pretty close to $1 a year from now. Even the ****ty Red Lobster gift card will hold it's "value" ( ) for a set amount of time. But with a BTC it could be worth $2 tomorrow and $20 a year from now, or $0.20 who knows? Why would I give a coffee shop $5 worth of BTC today if I know that they'll be worth $10 tomorrow? It's the same reason why I wouldn't pay for my coffee with Stocks, or precious metals, or real estate, or any other form of investment. Quote:
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Maybe to you it is, but from the posts I see here and in the other thread it seems to be 98% fixated on making a quick buck, not tearing down the system. Quote:
Sorry, but the Fed didn't cause the recession, and even if it had then it's a small price to pay for an otherwise relatively stable currency. Aside from your raving band of Rand Paul nuthuggers, people want fiat currency because they want $1 today to be $1 tomorrow. Quote:
The rich will control things no matter what system you use. Being uncontrolled makes things worse not better for the small players. Right now even the richest person in the world would have trouble seriously changing the value of the dollar. But if they guy with the most BTC (do you even know who that is?) decides to dump his whole hoard and crash the market and then buy back in while it's depressed... well, nothing stopping him from doing that right? No matter how little control "we" have over the Fed, it's more than we'd have in your libertarian fantasy world where the only power lies in money. |
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08-16-2017, 10:05 AM | #1112 |
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how do BTC and taxes work?
If I sold my 1000 BTC today for USD, what taxes do I need to pay? |
08-16-2017, 10:27 AM | #1113 | |
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mining is treated as income when you receive the token, and you track gain or loss from that value |
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08-16-2017, 10:28 AM | #1114 |
This space for rent
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I figured as much.
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08-16-2017, 12:06 PM | #1115 |
Ethon
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Yep, the gubbermint wins when bitcoin goes up, just like they win every lottery.
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08-16-2017, 04:07 PM | #1116 |
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08-17-2017, 10:00 PM | #1117 |
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What's going on with BCH? ~$540?…
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08-18-2017, 02:30 AM | #1118 |
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So the other thread is dead?
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08-18-2017, 11:21 AM | #1119 |
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08-18-2017, 01:17 PM | #1120 |
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Remember that guy that bought the 2 pizzas in 2010 for 10,000 bitcoins? Talked about earlier in this (or the other) thread?
I bet HE does! Value is around $43M. --KC |
08-19-2017, 08:35 PM | #1121 |
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BCH up to almost 800 already. Wow.
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08-20-2017, 12:20 AM | #1122 |
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05-16-2019, 01:00 PM | #1123 |
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