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Im a virtual investor now
Old 12-09-2017, 07:42 AM   #1
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Im a virtual investor now





I just bought into crypto currency, Iíll be dumping some stock Monday and adding to my virtual position


This was the cover of the Economist in in 1988, it shows an eagle with a virtual coin around its neck thatís dated 2018, I started seeing this, I think a couple years ago in $600 bitcoin range, I remember wild swings from 600 to $1200 and back down and that made me very afraid of it.


I like to study world economics and currencies and have been leery of central banks and currencies since 2008, because of this Iíve kept my own reserves in silver and gold bullion. My friend has been dabbling in bitcoin and cryptos for a while and had been trying to get me on board for the past year, finally this morning I took a position on litecoin

I see more and more merchants accepting bitcoin and I see taking off?, in 2 years itís exploded and I think itís time for me to get on, feels virtually safe enough
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Old 12-09-2017, 07:58 AM   #2
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Best of Luck. Hope you get an extension of the tide!
No offense, but I'd title this "I'm a virtual speculator now."
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Old 12-09-2017, 08:34 AM   #3
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When I was in Amsterdam this summer I bought a package of tulip bulbs.
They're planted in the front yard and I'm looking forward to enjoying them in the Spring.

May you have at least as much pleasure from your investment.
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Old 12-09-2017, 08:42 AM   #4
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Who/what is "Im"? International Money? "Imaginary Money"? - ERD50
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Old 12-09-2017, 09:08 AM   #5
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Quote:
Originally Posted by 97guns View Post
I started seeing this, I think a couple years ago in $600 bitcoin range, I remember wild swings from 600 to $1200 and back down and that made me very afraid of it.
Are you no longer seeing wild swings that make you afraid?
Or are you just used to the wildness now?

Quote:
I like to study world economics and currencies and have been leery of central banks and currencies since 2008, because of this Iíve kept my own reserves in silver and gold bullion.
From what I hear, lots of goldbugs are speculating in bitcoin these days.

Quote:
finally this morning I took a position on litecoin
Why litecoin?

Quote:
I see more and more merchants accepting bitcoin and I see taking off?, in 2 years itís exploded and I think itís time for me to get on, feels virtually safe enough
I guess we all get to decide what we consider "safe" and what is not. While I see lots of media attention these days, I don't see any increased safety.
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Old 12-09-2017, 09:09 AM   #6
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OP - So I'm guessing you are just buying some litecoin and hoping it goes up , or are you setting up mining rigs and creating coins yourself ?

Where did you buy the coin's, and how much are you willing to put into it ?
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Old 12-09-2017, 10:21 AM   #7
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Originally Posted by braumeister View Post
When I was in Amsterdam this summer I bought a package of tulip bulbs.
They're planted in the front yard and I'm looking forward to enjoying them in the Spring.

May you have at least as much pleasure from your investment.
I can't remember if I sold my bitcoin and bought tulips or sold my tulips and bought bitcoin. No matter, the outcome will probably be the same.
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Old 12-09-2017, 10:25 AM   #8
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Gods speed. I just sold my bit coin, Litecoin and Ethereum.
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Old 12-09-2017, 10:48 AM   #9
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OP: You have to be kidding, Right?
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Old 12-09-2017, 10:51 AM   #10
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Originally Posted by GravitySucks View Post
Best of Luck. Hope you get an extension of the tide!
No offense, but I'd title this "I'm a virtual speculator now."
+1.
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Old 12-09-2017, 10:59 AM   #11
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Bitcoin, litecoin...if I bought it, it would all turn to bitecoin.
We
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Old 12-09-2017, 12:35 PM   #12
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I think it is OK to be a "virtual investor" with virtual money. I do not want to exchange real money, fiat as it is, for bits.

The entire world still accepts the greenback. Well, they also accept the euro, the pound, the loonie, etc..., although I would not want to keep any money in Zimbabwe dollars. I have not even been there!

When the guy who mows my lawn accepts "bits" in return for his service, I will own some bits. He does not even accept euros.

Oh wait! I do not even have a lawn now. It's all xeriscape.
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Old 12-09-2017, 12:44 PM   #13
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Forget about Bitcoin, T*tcoin is the future.
https://en.wikipedia.org/wiki/Titcoin
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Old 12-09-2017, 01:06 PM   #14
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Oh man! Learn something everyday.

That Wiki article says:
Titcoin is a bitcoin clone that leverages the same SHA-256 set of cryptographic hash functions. The four key differences between Titcoin and bitcoin are the total number of coins to be issued, the total number of coins rewarded per block, the average block time, and the network difficulty retarget frequency.
People have computers to spit out bits all over the place. A guy and a few friends can set up computers in their closet to generate bits to make a new "currency".

And it also mentions several similar bitcoin knockoffs: SexCoin, WankCoin, TittieCoin, GroinCoin, etc... A few have died off. Hmmm....

I wonder why some live on while other do not gain acceptance. Is it because the strong ones get a government backing or something?
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Old 12-11-2017, 03:57 AM   #15
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T*tcoin is the future
Accepted as payment for lap dances at strip clubs near you!
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Old 12-11-2017, 02:11 PM   #16
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cyber currencies are making the stock market look very cheap now. Lol
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Old 12-12-2017, 07:00 AM   #17
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My litecoin investment doubled up in 3 days, bought in at $170 when I started the thread and itís $360 now.

Itís easy to sit on the sidelines and pick it apart as to why itís a terrible investment, Iíve been there... the hard part is to take the position, but once you have and see gains it becomes easy
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Old 12-12-2017, 07:27 AM   #18
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My litecoin investment doubled up in 3 days, bought in at $170 when I started the thread and itís $360 now.

Itís easy to sit on the sidelines and pick it apart as to why itís a terrible investment, Iíve been there... the hard part is to take the position, but once you have and see gains it becomes easy
What is your exit plan?

If I were to take a run like this, I'd sell half now. That way, I can't lose my initial investment, even if it goes to zero from here.

Is this stuff liquid? What does it take to sell half?

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Old 12-12-2017, 07:29 AM   #19
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I’m pressing the bet, $390 now
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Old 12-12-2017, 07:57 AM   #20
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Just posted a LONG comment here - seems to have been eaten by browser or forum gremlins *sigh*

Much shorter recap - cryptocurrencies may seem like play money, or utter speculation, but the technology behind it is solid and gaining worldwide acceptance and incorporation. Also, they started trading on the CBOE futures market yesterday and crashed the whole exchange a few times. Well, the web site at least. Lots of trading halts due to massive spikes. Interesting times!

https://www.express.co.uk/finance/ci...ket-investment

The originator of bitcoin now owns about $15Billion of them. Hasn't touched them. Mysterious dude...
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