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Discussion in 'Sidewinders Bar & Grille' started by s5tuart, Sep 4, 2017.
I bet on horses, come on baby! daddy needs a new pair of shoes!
Virtual Money ... I don't get it ?
Very interesting, Stu. Not something I've ever taken much interest in. Why do you think the value will rise in the last quarter of 2017?
Where do you acquire them? I googled Litecoin and found a page with a list of exchanges here:
The third one (as I type) has been seized by the authorities apparently:
My chosen host trader is Coinbase. Sign up and we both get £7 of Bitcoin
If I'm correct it's the largest and most trusted for smaller amounts. If you invest a little more than you can write off you will need a safe wallet to keep your coins in. I use Electrum
At the moment there is a lot of interest from the highly censored countries, whose governments can be greedy with those who have some capital. Native currency can be seized but cryptocurrency remains mostly anonymous.
As Bitcoin etc marches towards it's maximum coins issued (21 million) they will become more valuable in my opinion, especially if they are more accepted as a payment method by more companies. For instance, LOT the Polish Airline, Save The Children charity, Subway already accept them.....
Finally, the reason I have transferred to LiteCoin is because the transaction verification time is only a few seconds. I personally think this will be more attractive to retailers once cryptocurrency starts to get more popular. I could be very wrong!!!
I'm a bird in the hand guy.
I did sign up, attempted to buy a Litecoin but got some sort of error. Will try again tomorrow. Let me know if I need to provide some sort of referral.
They may have to verify your bank if that's how you're paying. I'm pretty sure I had to do that...
Investing has always been my hobby but I have never gone the bitcoin route.
Probably through ignorance and not enough research but it seems to me there is nothing there.
Of course I also still have a lot of CD's as I don't like buying invisible music that you don't actually own out of the air either.
There was a guy that ran an investment company and he was on a talk radio show last week here and he was talking about it and is no longer dealing with US Currency and only invests with bitcoin now because he is so sure of it. He made some great points and explained everything really well but I still don't know enough about it to invest in something especially somthing that is not tangible. I looked it up online after hearing him and $120 US Dollars would get you 0.02365 bitcoins...doesn't sound like much. But as I said, I don't know enough about it.
Currency that's even more artificially controlled then normal currency already is...I'll pass.
When you think about it, all money is virtual. Yeah, you can hold and touch a $20.00 bill but it's meaningless and useless unless someone accepts its value. Bitcoins, like regular currency, represent an idea of a value that's determined by market forces mainly beyond our control. Me, I think I'm sticking with the Fallout currency. Bottlecaps are my friend.
Doesn't sound like much but it's still about $120 at the time you checked. Tomorrow 0.02365 BTC may be $130 or $100.
I didn't buy any of my BTC, I mined it off cheap power using an ASIC that I got for very little. I only did it because I was curious about it.
You seem to have done rather well!
investments are funny...
no word of a lie... my father in law invested in this company about 17 years ago because he thought the name was funny....
that company... lu lu lemon.
he has made a boat load off of what he considered a silly move that was just for a laugh
I have to admit...I'm a fan of this company! Not because I like their clothing line but because of the ladies I see wearing that clothing line!
now that is my kind of investment.
Just saw an article saying they were risky, and tanking right now... but I admit I know nothing about it.
Started my new life as a digital currency investor this morning. Buy low, sell high. What can go wrong?
So this is in a sense virtual currency that doesn't exist?
So I can buy it with virtual money? Because in my virtual life I am a millionaire.