Bitcoin Doubters, Come Eat Your Crow

Discussion in 'The War Room' started by jmag, Dec 20, 2016.

  1. tonni

    tonni Yellow Card Yellow Card

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    Haha, no man. I just have no clue how cryptocurrencies work, how it actually makes you money etc.

    I tried googling but there's so much info and weird sites.
     
  2. A.C.

    A.C. AKA Volcano Fists AKA Galaxy Knuckles Platinum Member

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    What would be the best exchange or wallet to use? I’m trying to wrap my head around this
     
  3. Desdinova

    Desdinova Brown Belt

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    I feel like the whole world has gone mad.
     
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  4. CauseImbetta

    CauseImbetta BJJ master

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    Mike, buddy.

    I will get a hardware wallet.

    1. Do hardware wallets accept ethereum too or only bitcoin?
    2. Can I add more bitcion to the hardware wallet later?

    Thanks for your help bro.
     
  5. Tropodan

    Tropodan Red Belt

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    These wallets are fucking complicated. Fuuuuck.
     
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  6. xcvbn

    xcvbn Silver Belt Platinum Member

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    1. Not BTC wallets, but ETH wallets can accept any ERC-20 tokens(coins built on ETH platform). Otherwise wallets are coin specific.

    2. Of course you can. You can also make any amount of wallets/addresses if you so choose.
     
  7. xcvbn

    xcvbn Silver Belt Platinum Member

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    Yeah they are. They've been pretty much the same for years.
     
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  8. Gregolian

    Gregolian .45 ACP Platinum Member

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    So, if I wanted to get into this... how do I go about doing it? I don't have a ton of asset to sink into it but I'd like to get in before say Amazon or MS endorse it and then start taking it as payment.
     
  9. freaky

    freaky Banned Banned

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    It peaked at 19k and now it dropped to 15k in less than an hour. It's happening
     
  10. JonesBones

    JonesBones Yellow Card Yellow Card

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    That isnt where there is money to be made. It wont be a mainstream currency, it will be "Gold 2.0" as somebody said. The money to be made is when I was telling people to sell at 8k and it is now double that. lol. Don't buy Bitcoin right now. Most people buy high, that is why it is high in the first place. If people started selling or even using bitcoin, it will go down. People are holding it. That is where the money has been. Sell it for US dollars. Nobody actually wants bitcoin. They want the money it can be converted into. None of this gain is real until you withdraw it. Until you sell it.
     
    Last edited: Dec 7, 2017
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  11. Tropodan

    Tropodan Red Belt

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    Just pulled my bitcoin out. Invested 94 bucks a few months ago and just pulled out 260. I'm looking to buy ripple before it explodes in the new year.
     
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  12. xcvbn

    xcvbn Silver Belt Platinum Member

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    You've seen nothing. Just HODL
     
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  13. Gregolian

    Gregolian .45 ACP Platinum Member

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    So it's just like stocks?

    Like i know there is Bitcoin, Ether, and something else and I've been curious for a bit.
     
  14. KILL KILL

    KILL KILL Gold Belt

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    Where do you guys see the price of bitcoin going?

    The volatility of it is insane, which makes it impossible for retailers to get on board.
     
  15. PEB

    PEB Atomic Butt Drop Champ :)

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    SPACE THE FINAL FRONTIER :)
    I'm kinda pissed I had the chance to buy it at 14 dollars a coin just before it balloon to 700 within a few months. Here is a thread I started in 2013 where it was around 700 dollars each.

    It exploded literally over night after it hit the web. It then hung around for a time. Here is the link to the thread. That being said number being thrown around is 30,000 to 32,000 before hitting the mantle.

    I think government's are going to derail it before then though.

    http://forums.sherdog.com/threads/the-bitcoin-pizzle-how-to-trade-in-bitcoins.2611641/
     
  16. Bohdan

    Bohdan Blue Belt

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    Mined some coins back in 2011ish on my good old 7970 through bitminter. I had long forgotten about them until I saw the price start to pop. Turns out a had a hard drive with my old wallet stored in my office drawer. I was also able to recover my account on bitminter and transferred my remaining coins. I'm struggling on whether to sel now and reward the family with a swimming pool or whether I should hold fast and hold out.

    Most likely going to sell enough to pay for a new pool on Monday/Tuesday when it hits OTC in Chicago and hold the rest for at least a year. Sell the news. If it goes to a million I won't completely miss out... and if it goes to 0 I can float my drunken ass around the pool with a smug look on my face.

    I honestly have to say though. It's a bit surreal. If I had any other investment that went from basically 0 to six figures I'd be in a panic to sell.
     
  17. mrbaapt

    mrbaapt Purple Belt

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    100K per bitcoin isn't unrealistic.
     
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  18. KILL KILL

    KILL KILL Gold Belt

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    It would have been awesome to get in early and cash out, but who knows where it will end up in the long run.
     
  19. KILL KILL

    KILL KILL Gold Belt

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    what are you sitting at if you don't mind me asking?
     
  20. SaucyJack

    SaucyJack Green Belt

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    Yeah I have no idea how I get my bitcoin from Coinbase to a paper wallet. I’ve read a few sites and reddit but my dumb brain can’t figure it out. I need a proper step by step list of instructions.
     

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