Crypto-currencies: The future is now

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ytrewq
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Re: Crypto-currencies: The future is now

Post by ytrewq » December 13, 2017, 6:27 am

LTC spiked to $325+ today.
BTC is currently $17.5k+

Must be a lot of crypto-currency millionaires being created this year... ;)

The whole world seems to be waking up to crypto. Zimbabwe, Venezuela, Japan, South Korea, China, etc. are well on the bandwagon. As the EURO and USD disintegrate under incompetent leadership, crypto will become the new safe haven.

If just 5% of the world's currency is crypto, BTC share of that makes it necessarily $1M+ per coin. Think about that...



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parrot
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Re: Crypto-currencies: The future is now

Post by parrot » January 2, 2018, 8:11 pm

For kicks, I asked google, "how to create a crypto currency?" When I found out how relatively easy it is to create one, I asked, "how many are there?" As of the end of 2017 there were 1381.........and growing. The mind boggles! One of the millions of "how does it work?" links led me to this:

https://www.nbc.com/late-night-with-set ... rk/3640247

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delboytrotter
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Re: Crypto-currencies: The future is now

Post by delboytrotter » January 2, 2018, 11:34 pm

I have had cripto for many years.IMO the next one to look at is Loyal Coin which will launch on Feb 11th. It has already been excepted by outlets such as 7-11, Starbucks, T J Fridays to name but a few. Seminar Launch in BKK next Saturday, well worth a look.
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fatbob
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Re: Crypto-currencies: The future is now

Post by fatbob » January 4, 2018, 9:54 am

xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

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pipoz4444
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Re: Crypto-currencies: The future is now

Post by pipoz4444 » January 6, 2018, 3:44 pm

fatbob wrote:
January 4, 2018, 9:54 am
xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

Granted XRP Ripple is way up on last years value, but it took a bit of a correction on Friday
XRP Ripple Chart 1.png
XRP Ripple Chart 1
XRP Ripple  Chart Friday.png
XRP Ripple Chart Friday
But agree with you that is on the move heading upwards, even more.

Its still nearly 10 times its value from in early December 2017

pipoz4444 \:D/
That's one small step for a man, one giant leap for mankind.

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fatbob
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Re: Crypto-currencies: The future is now

Post by fatbob » January 6, 2018, 4:04 pm

pipoz4444 wrote:
January 6, 2018, 3:44 pm
fatbob wrote:
January 4, 2018, 9:54 am
xrp Ripple is having a good run, number 2 to bitcoin, go go go you good thing....

Granted XRP Ripple is way up on last years value, but it took a bit of a correction on Friday
XRP Ripple Chart 1.png

XRP Ripple Chart Friday.png

But agree with you that is on the move heading upwards, even more.

Its put a smile on my face, could be a new bike soon....
Its still nearly 10 times its value from in early December 2017

pipoz4444 \:D/

ytrewq
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Re: Crypto-currencies: The future is now

Post by ytrewq » January 7, 2018, 5:09 am

So, devil's advocate and conspiracy theorizing here, if Putin conspired to take down America, he would go after its tools of power: credibility and money, and then facilitate or engineer a crisis which would cause enough panic for the world to dump enough value into an alternative currency to cause the dollar to finally collapse. Just sayin'... :-$ :confused: :-#

Go crypto, go!

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Re: Crypto-currencies: The future is now

Post by Giggle » January 7, 2018, 12:09 pm

I think get-rich-quick schemes are the way forward for all serious investors. Diversify your portfolios by not converting all your cash and investments to bitcoin on the same day. Do it over a period of several days or even a week. What could possibly go wrong?
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wazza
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Re: Crypto-currencies: The future is now

Post by wazza » January 8, 2018, 12:30 am

Read this today LOL

Want to know about BITCOIN ?????

A lot of monkeys lived near a village

A villager announced that he will buy the monkeys @ $100 each.
The villagers thought that this man is mad.
They thought how can somebody buy stray monkeys at $100 each?

Still, some people caught some monkeys and gave it to this merchant and he gave $100 for each monkey. and sold it to the merchant.

After a few days, the merchant announced that he will buy monkeys @ $200 each.
The lazy villagers also ran around to catch the remaining monkeys!
They sold the remaining monkeys @ $200 each.
Then the merchant announced that he will buy monkeys @ $500 each!

The villagers start to lose sleep! ... They caught six or seven monkeys, which was all that was left and got $500 each.
The villagers were waiting anxiously for the next announcement.

Then the merchant announced that he is going home for a week. And when he returns, he will buy monkeys @ $1000 each!

He asked his employee to take care of the monkeys he bought. He was alone taking care of all the monkeys in a cage.
The merchant went home.
The villagers were very sad as there were no more monkeys left for them to sell it at $1000 each.
Then the employee told them that he will sell some monkeys @ $700 each secretly.
This news spread like fire. Since the merchant buys monkey @ $1000 each, there is a $300 profit for each monkey.
The next day, villagers made a queue near the monkey cage.
The employee sold all the monkeys at $700 each. The rich bought monkeys in big lots. The poor borrowed money from money lenders and also bought monkeys!

The villagers took care of their monkeys & waited for the merchant to return.
But nobody came! ... Then they ran to the employee...
But he has already left too !
The villagers then realised that they have bought the useless stray monkeys @ $700 each and unable to sell them!


The Bitcoin will be the next monkey business

It will make a lot of people bankrupt and a few people filthy rich in this monkey business.
That's how it will work.......................... ...

ytrewq
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Re: Crypto-currencies: The future is now

Post by ytrewq » January 8, 2018, 5:33 am

Your attempt at humor is flawed in so many ways. You don't offer up the average buy price, so whether or not the merchant made a profit is unknowable.

A lesson learned from the Internet bubble days: Profit is profit. Only fools make distinctions between "rational" or "irrational" profit. There will be winners (e.g. Amazon, Google, etc.) and losers (e.g. Barnes & Noble, Yahoo!, etc.). BTC is perceived to be the Google of crypto, and it is up over 1,400% YoY (and much more if in it since before 2017).

So, yeah, FUD all ya want, but the crypto market doesn't give two [expletive] what is posted here pro or con.

I think a severe economic event will happen by or between July-September this year which will moonshot crypto much higher. It's all sourced speculation on my part, but that's core to the fun of living life. I cannot lose because I already won. ;)

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wazza
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Re: Crypto-currencies: The future is now

Post by wazza » January 8, 2018, 8:34 am

It was a copy and paste . Not mine.

Just put out there

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fatbob
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Re: Crypto-currencies: The future is now

Post by fatbob » January 8, 2018, 9:26 am

You only ever play with what you can afford to loose, and if your lucky you win, bit like backing a horse.

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Re: Crypto-currencies: The future is now

Post by Giggle » January 8, 2018, 1:17 pm

If you're smart with investments, you diversify. If you're too uninformed to understand how it works, you liken it to Vegas, a horse race, or some other game of chance. There are inherent risks in all forms of investments -- the risk of investing too conservatively is a risk -- and should be understood before venturing out to the track (er, broker, bank, or mutual fund). If you treat investing like a game of chance, your investments will behave like bets in a casino; they'll disappear before your eyes. People who take investing seriously know that if a scheme sounds too good to be true, it probably is. Ask Prisoner #61727-054 at Butner Medium, near Raleigh, North Carolina, he also answers to Bernie Madoff. I might consider investing in bitcoin but it wouldn't be a measure of blind chance, rather a calculated (high) risk, and would comprise no more than 1 percent of my portfolio. I have little confidence in the underlying fundamentals.
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fatbob
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Re: Crypto-currencies: The future is now

Post by fatbob » January 8, 2018, 7:58 pm

Giggle we are talkng crypto currency's here, not stocks or bonds, investing in crypto's is like backing a horse, its all opinion, nothing more, they could go pear shaped any time.

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Giggle
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Re: Crypto-currencies: The future is now

Post by Giggle » January 8, 2018, 8:08 pm

I agree it's risky, but so too are other investment options. If you're nimble enough, and want a rush in a country where its not illegal, why not? It doesn't suit my investing style, but I'm not so narrow minded to think some people have already made loads on it already. I'd be very worried about holding the poopy end of the stick when the music stops.
Elvis warned that "only fools rush in."
Don Quixote considered it a virtue to "run where the brave dare not go."

Up to you.
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Giggle
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$260 billion plunge as cryptos shed 30 percent

Post by Giggle » January 17, 2018, 5:55 pm

THE cryptocurrency market has lost $US206 billion overnight in what traders are describing as a “cryptocalypse”, with bitcoin heading back towards its $US10,000 milestone first reached last November.

But it was smaller currencies including ripple, ethereum and bitcoin cash that were the hardest hit in the latest sell-off, which was sparked by fresh fears of a crackdown on virtual currencies by governments in South Korea and China.

At the time of writing, ripple was down nearly 50 per cent on the previous day, ethereum had lost nearly 34 per cent of its value, bitcoin cash was down nearly 37 per cent and bitcoin was down 27 per cent to just under $US10,200.
http://www.news.com.au/finance/money/in ... df3ef0f23b
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felixcat
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Re: Crypto-currencies: The future is now

Post by felixcat » January 17, 2018, 6:46 pm

Do you understand the ramifications of buying into this "thing"?
If you buy this and it goes way up, then crashes, you will be held by the IRS until you pay the tax, or you will go to prison.
Don't buy it unless you can "get in and get out" retaining a big profit. Its not something you want to "put on your credit card, like so many "gamblers" of the world are turning to , to ease their hopelessness feelings of underfunded Social security or Pensions.
I posted a couple years ago about the need to have a Plan B. The haters came out with a vengence. But what happened? I am 100% right, again. Final word: your being set-up for the biggest robbery in history with the fake DOW Jones, cryptos, even "holding fiat paper" , and real estate. Its all coming down soon in the "perfect storn" set up in "unity" by all the governments of the world.
Rule of thumb: Follow the money. Not the gamblers, but the big banks and nations who will be the next BIG players. The shiney metal.

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Re: Crypto-currencies: The future is now

Post by Udon Map » January 18, 2018, 7:58 am

felixcat wrote:
January 17, 2018, 6:46 pm
If you buy this and it goes way up, then crashes, you will be held by the IRS until you pay the tax, or you will go to prison. Don't buy it unless you can "get in and get out" retaining a big profit.
I assume that you understand that if you buy it and hold, you'll owe no taxes. Tax liability only comes when you sell it for a profit, i.e., after you "get out."

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wazza
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Re: Crypto-currencies: The future is now

Post by wazza » January 18, 2018, 2:01 pm

Paper Profits have no taxation obligations, till they are sold

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Re: Crypto-currencies: The future is now

Post by Giggle » January 18, 2018, 2:32 pm

It's supposed to be a currency (cryptocurrency), yet it's treated as an investment or asset. What other currency is taxed when traded?

Edit: Here's a good explanation:
https://www.forbes.com/sites/jeffreydor ... 7007a92e5b
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