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-   -   BITCOIN reaches $4k LUL (https://gfy.com/showthread.php?t=1275544)

ruff 08-14-2017 08:15 AM

You know, I just sold a lot of Bitcoin over the past week. The people that bought my Bitcoin imbue it with intrinsic value. They exchanged cash for it. Thererfore it has intrinsic value to them and it has intrinsic value to me. In a few days or weeks, I will purchase more Bitcoin, not Apple stock, because Bitcoin has intrinsic value to me. I don't pretend that you do not understand me, it is evident that you do not understand. Apple is a corporation selling a product. I cannot buy a sandwich with an iPhone. You are certainly easily amused though. By the way, having a 100 million in gold is a lot of gold, easily noticed, hard to cross borders with and difficult to sell in bulk. I can go nearly anywhere on this planet with a 100 million in Bitcoin and no body is wiser. Plus I can buy a goddamn sandwich. Get the picture?

NatalieK 08-14-2017 08:30 AM

oh wow, anyone with even a btc must be going crazy atm, wondering what to spend their riches on...

congrats to those with excess of 1 bitcoin :thumbsup

pimpmaster9000 08-14-2017 08:50 AM

Quote:

Originally Posted by ruff (Post 21953152)
You know, I just sold a lot of Bitcoin over the past week. The people that bought my Bitcoin imbue it with intrinsic value. They exchanged cash for it. Thererfore it has intrinsic value to them and it has intrinsic value to me. In a few days or weeks, I will purchase more Bitcoin, not Apple stock, because Bitcoin has intrinsic value to me. I don't pretend that you do not understand me, it is evident that you do not understand. Apple is a corporation selling a product. I cannot buy a sandwich with an iPhone. You are certainly easily amused though. By the way, having a 100 million in gold is a lot of gold, easily noticed, hard to cross borders with and difficult to sell in bulk. I can go nearly anywhere on this planet with a 100 million in Bitcoin and no body is wiser. Plus I can buy a goddamn sandwich. Get the picture?

https://en.wikipedia.org/wiki/Greater_fool_theory

hdbuilder 08-14-2017 09:16 AM

This summer was real good to make money trading BTC...

ruff 08-14-2017 12:12 PM

Quote:

Originally Posted by crucifissio (Post 21953257)

And yet here I am with several hundred BTC. But wait there's more! Over the past few years I have been churning this BTC and have made much actual tangible US dollars. Paid tax on these US dollars and stashed these US dollars in other tangible assets with intrinsic value. In other words, increased my personal wealth 100 fold more that I ever thought I would be able to. If I lost all of my Bitcoin this minute, I would have what I have earned from it to fall back on and never work another day.

Please advise on how I can make that Greater Fool Theory you mentioned work for me. Or, I'm sorry, were you referring to me as the Greater Fool? See above.

pimpmaster9000 08-14-2017 12:54 PM

Quote:

Originally Posted by ruff (Post 21953902)
And yet here I am with several hundred BTC. But wait there's more! Over the past few years I have been churning this BTC and have made much actual tangible US dollars. Paid tax on these US dollars and stashed these US dollars in other tangible assets with intrinsic value. In other words, increased my personal wealth 100 fold more that I ever thought I would be able to. If I lost all of my Bitcoin this minute, I would have what I have earned from it to fall back on and never work another day.

Please advise on how I can make that Greater Fool Theory you mentioned work for me. Or, I'm sorry, were you referring to me as the Greater Fool? See above.

Good for you bro...gambling pays off sometimes...but mostly it does not...the greater fool theory still applies...

ruff 08-14-2017 02:14 PM

Quote:

Originally Posted by crucifissio (Post 21953968)
Good for you bro...gambling pays off sometimes...but mostly it does not...the greater fool theory still applies...

Life is a gamble. Sometimes you win and sometimes you lose. Winning is good. You go ahead and stay safe and sound. Don't take any unnecessary risks and always look both ways when you cross the street. :1orglaugh:1orglaugh:1orglaugh

pimpmaster9000 08-14-2017 04:40 PM

Of course I will look both ways I do not want to get hit LOL...good luck with the Ponzi coin...

rowan 08-14-2017 05:49 PM

Quote:

Originally Posted by GspotProductions (Post 21953203)
oh wow, anyone with even a btc must be going crazy atm, wondering what to spend their riches on...

congrats to those with excess of 1 bitcoin :thumbsup

Yeah but how much did that 1 BTC cost to acquire?

In the past week I've made a total of around 0.4 BTC from a single alt coin that cost me a couple of dollars in electricity to mine. Now THAT'S a return. :thumbsup

jscott 08-15-2017 04:31 AM

Today was an dream for profit opportunity in BTC :2 cents:

NickBaer 08-21-2017 04:37 AM

Quote:

Originally Posted by rowan (Post 21954361)
Yeah but how much did that 1 BTC cost to acquire?

In the past week I've made a total of around 0.4 BTC from a single alt coin that cost me a couple of dollars in electricity to mine. Now THAT'S a return. :thumbsup

Is there a tutorial on "mining" BTCs?

rowan 08-21-2017 06:25 AM

Quote:

Originally Posted by NickBaer (Post 21963829)
Is there a tutorial on "mining" BTCs?

I can tell you that mining Bitcoin is unlikely to be profitable. I mine other coins, and the various tricks I use to run my mining operation are not something that you'd find in a tutorial.

nikki99 08-21-2017 07:59 AM

experts, it is still going up? I will buy some during this week after your answer.....

jscott 08-21-2017 08:17 AM

Monero should turn a quick profit if buy quick enough

BTC always good for the longs

BlackCrayon 08-21-2017 08:31 AM

isn't btc going to crash and be replaced by bch?

nikki99 08-21-2017 10:38 AM

my seller is missing and new sellers want me to upload an ID with my face on it

Bladewire 08-21-2017 10:40 AM

South Korean Bitcoin Exhange Platform Issues IOUs In The Aftermath Of Hack Attack - NEWSBTC

jscott 08-21-2017 10:56 AM

Hey Bladewire, how do you and Bithumb get on? whats ur experience with them? fees good, speed, support?

for someone, like yourself, a bitcoin guru, surely you have years experience with them

NickBaer 08-30-2017 01:38 AM

Quote:

Originally Posted by ruff (Post 21952216)
You also better have a large set of nuts because my Bitcoin wallet is fucking huge.

Which platform should I have my account(s)?

mopek1 08-30-2017 04:16 AM

Where do you open an account?

jscott 08-30-2017 05:32 AM

Quote:

Originally Posted by mopek1 (Post 21977775)
Where do you open an account?

buying coinbase, gemini, bitstamp

trading, bitmex, bitfinex, mercatox, bittrex

NickBaer 08-31-2017 09:35 AM

Quote:

Originally Posted by jscott (Post 21977831)

Can you explain the "difference" of having sites to "buy" from and sites to "trade" from?

Tasty1 08-31-2017 10:04 AM

Quote:

Originally Posted by rowan (Post 21963925)
I can tell you that mining Bitcoin is unlikely to be profitable. I mine other coins, and the various tricks I use to run my mining operation are not something that you'd find in a tutorial.

My friend tested last months with mining. He got 1,5 BTC.
If he had bought bitcoins than in december, instead of mining equipment, he would have 3 BTC.


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