Mark80 Posted February 8, 2021 Posted February 8, 2021 As par for my investment course beyond mutual funds...I had some bitcoin when it was at $3.5k a few years ago. Man, am I dumb sometimes. Quote
Pete Posted February 8, 2021 Posted February 8, 2021 42 minutes ago, Mark80 said: As par for my investment course beyond mutual funds...I had some bitcoin when it was at $3.5k a few years ago. Man, am I dumb sometimes. I was going to buy some at $400- then it jumped to $800. I am dumber Quote
BringMetheHeadofLeonLett Posted February 9, 2021 Posted February 9, 2021 Anyone DOGEing? I started in at .02, and went up to .08 the same day haha, before dumping back down... now on a steady clip back through .08. Feels sustainable this time with all the press. I get the lack of declared cap makes it different than bitcoin, and I'm sure it will only value out at a low % of btc, but so far I just can not complain. Quote
TBBills Posted February 9, 2021 Posted February 9, 2021 The only thing about these is they are being manipulated by tweets... Scary thing. Quote
Doc Posted February 9, 2021 Posted February 9, 2021 (edited) 6 hours ago, BringMetheHeadofLeonLett said: Anyone DOGEing? I started in at .02, and went up to .08 the same day haha, before dumping back down... now on a steady clip back through .08. Feels sustainable this time with all the press. I get the lack of declared cap makes it different than bitcoin, and I'm sure it will only value out at a low % of btc, but so far I just can not complain. Here. I looked into it last year on Coinbase (which doesn't support it) and read in the description that it was created as a joke, so I stayed away. Earlier this year my son said he bought some and I said to him "you realize it was created as a joke, right?" He replied "yeah, but dad, if young people like me start to adopt it, it can become like another Bitcoin." I couldn't argue with that logic and bought a ton at .0084. I saw that Elon Musk tweeted about it being the people's coin several days ago, heard that Gene Simmons bought a ton over this past weekend and there was supposed to be a commercial for it during the SB. 4 hours ago, TBBills said: The only thing about these is they are being manipulated by tweets... Scary thing. The bump yesterday was apparently because Tesla invested in and soon will be accepting Bitcoin. That could be a game-changer for it. Edited February 9, 2021 by Doc 1 Quote
Jauronimo Posted February 9, 2021 Posted February 9, 2021 9 hours ago, BringMetheHeadofLeonLett said: Anyone DOGEing? I started in at .02, and went up to .08 the same day haha, before dumping back down... now on a steady clip back through .08. Feels sustainable this time with all the press. I get the lack of declared cap makes it different than bitcoin, and I'm sure it will only value out at a low % of btc, but so far I just can not complain. It is a crypto currency based on a meme. It was started as a joke, literally. It has no use case. No one it accepts it as payment and it has never been considered a store of value. Like all crypto currencies it is subject to pump and dumps on unregulated markets. Good luck. Quote
BringMetheHeadofLeonLett Posted February 9, 2021 Posted February 9, 2021 3 minutes ago, Jauronimo said: It is a crypto currency based on a meme. It was started as a joke, literally. It has no use case. No one it accepts it as payment and it has never been considered a store of value. Like all crypto currencies it is subject to pump and dumps on unregulated markets. Good luck. I think it all comes back to Doc's son... (mostly) figuratively. Does the upcoming generation believe in this as a future form of currency, and with its cheap initial price, does the potential of that belief raise the 'coin' to self-fulfilling prophecy status? The dollar is backed by faith in the US gov't- can this be backed by faith in something different- maybe a belief in an agreeable, global, easily bartered online currency... In an odd way, it's not too much of a stretch to see a future currency which will be more stable than the dollar. I don't really care if the logo is cat's hairball or a 7-legged spider, btw. Quote
Jauronimo Posted February 9, 2021 Posted February 9, 2021 Just now, BringMetheHeadofLeonLett said: I think it all comes back to Doc's son... (mostly) figuratively. Does the upcoming generation believe in this as a future form of currency, and with its cheap initial price, does the potential of that belief raise the 'coin' to self-fulfilling prophecy status? The dollar is backed by faith in the US gov't- can this be backed by faith in something different- maybe a belief in an agreeable, global, easily bartered online currency... In an odd way, it's not too much of a stretch to see a future currency which will be more stable than the dollar. I don't really care if the logo is cat's hairball or a 7-legged spider, btw. Clearly, you are not too familiar with the volatility of even the most stable crypto currencies. Why would DOGE ever get the nod over BTC, BCH, LTC, XRP or any of the dozens of others that were designed to be actual forms of currency as opposed to say a joke? Quote
BringMetheHeadofLeonLett Posted February 9, 2021 Posted February 9, 2021 1 minute ago, Jauronimo said: Clearly, you are not too familiar with the volatility of even the most stable crypto currencies. Why would DOGE ever get the nod over BTC, BCH, LTC, XRP or any of the dozens of others that were designed to be actual forms of currency as opposed to say a joke? Beyond a doubt I am not familiar with this form of enchilada- that's why my first sentence in this thread was a question. I have no idea why it could rise to prominence vs. the others, but main plusses I see on it are affordability per whole coin, saturation of awareness, and the possibility of faith en masse. Quote
Jauronimo Posted February 9, 2021 Posted February 9, 2021 51 minutes ago, BringMetheHeadofLeonLett said: Beyond a doubt I am not familiar with this form of enchilada- that's why my first sentence in this thread was a question. I have no idea why it could rise to prominence vs. the others, but main plusses I see on it are affordability per whole coin, saturation of awareness, and the possibility of faith en masse. You can buy fractions of BTC, BCH, ETH and most other ones. Few people are buying whole Bitcoin at $45k a pop. You can buy in whatever increment is worth it to you assuming it covers transaction fees which are increasingly steep. Quote
BillsShredder83 Posted March 19, 2021 Posted March 19, 2021 Dropped $200 into it today. Lol money i can stand to lose that feels like it could massively boom. Well see where this goes.... 1 Quote
Augie Posted March 19, 2021 Posted March 19, 2021 (edited) On 2/9/2021 at 2:05 PM, Jauronimo said: You can buy fractions of BTC, BCH, ETH and most other ones. Few people are buying whole Bitcoin at $45k a pop. You can buy in whatever increment is worth it to you assuming it covers transaction fees which are increasingly steep. I don’t know squat about this. Full disclosure....nothing. I was surprised to hear that my wife’s employer (a YUGE financial institution) is investing in and building around this stuff. When you are handling estates worth hundreds of millions, and cryptocurrency is a significant holding, you’d better get up to speed. You have no other choice! I admit I never took it too seriously, but what the heck do I know? . Edited March 23, 2021 by Augie 2 Quote
Buffalo716 Posted March 20, 2021 Posted March 20, 2021 (edited) 11 hours ago, The Poojer said: proud owner of .0019 bitcoins Proud owner of .10085 at 15k avg On 2/9/2021 at 8:03 AM, Doc said: Here. I looked into it last year on Coinbase (which doesn't support it) and read in the description that it was created as a joke, so I stayed away. Earlier this year my son said he bought some and I said to him "you realize it was created as a joke, right?" He replied "yeah, but dad, if young people like me start to adopt it, it can become like another Bitcoin." I couldn't argue with that logic and bought a ton at .0084. I saw that Elon Musk tweeted about it being the people's coin several days ago, heard that Gene Simmons bought a ton over this past weekend and there was supposed to be a commercial for it during the SB. The bump yesterday was apparently because Tesla invested in and soon will be accepting Bitcoin. That could be a game-changer for it. At its peak value it might reach a dollar or 1.50 Intrinsically it has no value, and there's an unlimited supply of coins. So I would be happy every 5 cents it runs I had about 12,000 at .0007 Edited March 20, 2021 by Buffalo716 Quote
Doc Posted March 20, 2021 Posted March 20, 2021 10 minutes ago, Buffalo716 said: Proud owner of .10085 at 15k avg At its peak value it might reach a dollar or 1.50 Intrinsically it has no value, and there's an unlimited supply of coins. So I would be happy every 5 cents it runs I had about 12,000 at .0007 Bought a bunch at .0084. As long as it’s above 1 penny... Quote
Buffalo716 Posted March 20, 2021 Posted March 20, 2021 6 minutes ago, Doc said: Bought a bunch at .0084. As long as it’s above 1 penny... Absolutely. But with everything it's timing. People getting in under one cent is in a good position If you dropped $2,000 at 8 cents.. you might go on a nice ride of volatility.. there are only x amount of Bitcoin.. that's why it's so valuable Millions of dogecoin are created everyday creating a constant influx 1 Quote
Knox Bell Posted March 20, 2021 Posted March 20, 2021 (edited) On 3/19/2021 at 3:30 PM, The Poojer said: proud owner of .0019 bitcoins I congratulate you, I have 0.0056😁 Bitcoin, one of the most popular cryptocurrencies, has somehow found its way into casinos. Many Bitcoin casinos provide big bonuses to attract more Bitcoin players such as the US player. On the site https://crypto.professorslot.com/casinos/ I found a very interesting overview of supported cryptocurrencies in crypto casinos (more extensive than that of crypto gamblers). One of my clear favorites is Bitstarz Casino, a mobile Bitcoin casino with 24/7 live chat. Edited March 29, 2021 by Knox Bell Quote
Augie Posted March 23, 2021 Posted March 23, 2021 On 3/19/2021 at 9:30 AM, The Poojer said: proud owner of .0019 bitcoins Do you keep that in your sock drawer? Be careful on laundry day! Quote
TBBills Posted March 24, 2021 Posted March 24, 2021 Crypto tanking 2 days before futures expire. Quote
Buffalo716 Posted March 24, 2021 Posted March 24, 2021 1 minute ago, TBBills said: Crypto tanking 2 days before futures expire. Call me when it hits 15,000. That would be tanking Quote
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