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Do any of you own bitcoin?
Posted on 4/26/15 at 9:18 pm
Posted on 4/26/15 at 9:18 pm
If so how long do you plan on holding it and what's your opinion on its long term survivability?
Posted on 4/26/15 at 10:30 pm to texag7
Didn't it crash pretty hard recently?
Bitcoin is a Ponzi scheme or a really volitile stock with no backing. Take your pick.
Bitcoin is a Ponzi scheme or a really volitile stock with no backing. Take your pick.
Posted on 4/27/15 at 12:40 pm to texag7
I bought one bitcoin when it was at like 4 something. I think it's at like 2 something now, so I've lost a couple hundred on it at the moment. I viewed it as nothing more than a risky stock.
I am intrigued but the possibilities to an extent, but it's just something for me to watch, not participate in at the moment. I don't really plan on buying anything with it. I don't think it really offers much value to Americans and the fact that like 90% of the trades are done in Yuan reflect that, but the existence of a cryptocurrency, and one that's used, will help regulate the federal reserve's manipulation of our currency one day.
I am intrigued but the possibilities to an extent, but it's just something for me to watch, not participate in at the moment. I don't really plan on buying anything with it. I don't think it really offers much value to Americans and the fact that like 90% of the trades are done in Yuan reflect that, but the existence of a cryptocurrency, and one that's used, will help regulate the federal reserve's manipulation of our currency one day.
Posted on 4/27/15 at 12:45 pm to texag7
quote:
If so how long do you plan on holding it
Until it reaches what I think the possible market cap is.
quote:
what's your opinion on its long term survivability
Not very good. If cryptocurrency really takes off, I doubt it will be bitcoin. I just had such a low entry cost that I'm willing to ride it out and see what happens, but I don't have much optimism.
Posted on 4/27/15 at 7:06 pm to texag7
i mine it and other cyptocurrencies. i day trade too. i've doubled, almost tripled my ROI on the miners and done moderately ok in the trading.
to paraphrase satoshi nakamoto... there will either be tons of bitcoin transactions in 20 years or none.
quote:
what's your opinion on its long term survivability?
to paraphrase satoshi nakamoto... there will either be tons of bitcoin transactions in 20 years or none.
Posted on 4/27/15 at 7:10 pm to texag7
what - do I look like I went to aTm? Most people are stupid enough to invest in scams like that.
Posted on 4/27/15 at 7:28 pm to texag7
quote:
Bayside Corp. Announces Interim Sales Revenues of $250,000
4:30 pm ET April 20, 2015 (PR Newswire) Print
Bayside Corp. (OTC: BYSD) today announced interim gross sales revenue figures from its Hong Kong sale of Bitcoin and Vault 51. Bayside Corp. through its subsidiary company Bitcoinz USA launched the sale of Vault 51 and Bitcoin in Hong Kong on March 24, 2015. Since that time the company has generated gross sales revenue in excess of $250,000.
To continue, the company's sale of Bitcoin and Vault 51 to institutional clients served as a catalyst for its sales figures in the region. The company intends to make Vault 51 and the sale of Bitcoin available to consumers all across China through independent operators in the very near future.
Furthermore, the number of retailers now accepting Bitcoin is estimated to have exceeded 100,000 worldwide according to the latest industry figures. Which leaves a lot of room for growth. Bitcoinz USA believes that the United States of America as a world leader is a key player in the next phase of Bitcoin's growth and evolution.
As international countries, corporations and retailers follow the lead of the United States of America and American corporations by adopting Bitcoin as a form of payment for goods and service, the larger the worldwide Bitcoin eco-community will grow.
Vault 51 is an offline storage system for Bitcoin users, which is represented by a Physical Bitcoin. The electronic Bitcoin is then stored off-line in a secured computer chip known as Vault 51 and embedded in a Physical Bitcoin, which is not connected to the internet. This process is also known as cold storage and is done to avoid hacking, loss, or theft.
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