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Where did all the cryptocurrency fans go?
03-05-2019, 10:32 AM
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#1
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 49,830
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Where did all the cryptocurrency fans go?
It seems all the folks touting the fortunes to be made in the cryptocurrency markets have taken a vacation. Haven't seen any posts on the subject in months.
Stuff like this might be one of the reasons why:
 Quote:
Efforts to recover millions in crypto-cash from the digital wallets of a man who died without revealing passwords to access them have hit a snag.
The wallets have been found to be empty.
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https://www.bbc.com/news/technology-47454528
__________________
Numbers is hard
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03-05-2019, 11:04 AM
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#3
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jul 2008
Posts: 35,712
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Quote:
Originally Posted by REWahoo
It seems all the folks touting the fortunes to be made in the cryptocurrency markets have taken a vacation. Haven't seen any posts on the subject in months.
Stuff like this might be one of the reasons why:
https://www.bbc.com/news/technology-47454528 |
The article has this:
Quote:
"The unregulated nature of cryptocurrency exchanges, plus the fact that so many use them to hold their coins rather than just exchange them, invites fraud," said security expert Dr Alan Woodward from the University of Surrey.
"We really need exchanges to be regulated," he said. "The big question is who would do that."...
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Ah, now we need some authority to oversee these bit coins.
Somebody with power to intervene and arrest the bad players and throw them in jail. Somebody, like a gummint? Gasp!
May I suggest the government of Venezuela? Hey, they already offered their own state-sponsored bit coin. There ya go.
__________________
"Old age is the most unexpected of all things that happen to a man" -- Leon Trotsky (1879-1940)
"Those Who Can Make You Believe Absurdities Can Make You Commit Atrocities" - Voltaire (1694-1778)
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03-05-2019, 11:16 AM
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#4
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Its still alive and well. I have a few coworkers who buy all kinds of random crypto...stuff ive never even heard of.
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03-05-2019, 11:19 AM
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#5
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Full time employment: Posting here.
Join Date: Nov 2015
Posts: 661
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Quote:
Originally Posted by NW-Bound
The article has this:
Ah, now we need some authority to oversee these bit coins.
Somebody with power to intervene and arrest the bad players and throw them in jail. Somebody, like a gummint? Gasp!
May I suggest the government of Venezuela? Hey, they already offered their own state-sponsored bit coin. There ya go.
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Thats the problem of those who hold their crypto on exchanges. Anyone can purchase a "physical wallet" and store their currency there. Its basically a thumb drive, and obviously cannot be hacked. But at that point, its like having cash at your house. if someone breaks in and steals it, its gone.
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03-05-2019, 11:31 AM
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#6
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 6,825
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We have a physical wallet. Someone would have to find it in a burglary. Not worried about it.
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03-05-2019, 12:35 PM
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#7
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2008
Posts: 12,919
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They may be at the penny stocks line? 
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
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03-05-2019, 12:53 PM
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#8
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Moderator Emeritus
Join Date: Apr 2011
Location: Conroe
Posts: 18,079
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If anyone was at the 1984 Olympics in Los Angeles like I was, you would recognize the pattern here as it was in '84 with the Olympic Pin craze.
And the Beanie Babies are the followup act.
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*********Go Texans!*********
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03-05-2019, 12:59 PM
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#9
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Location: Miraflores,Peru
Posts: 1,991
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We are all investing in J.P. Morgans new crypto currency!
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03-05-2019, 01:04 PM
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#10
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Recycles dryer sheets
Join Date: Feb 2017
Location: Weatherford Texas
Posts: 456
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__________________
Retired June 1, 2018
RE AA 65/35
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03-05-2019, 02:09 PM
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#11
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Thinks s/he gets paid by the post
Join Date: Aug 2006
Posts: 1,556
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Quote:
Originally Posted by Teacher Terry
We have a physical wallet. Someone would have to find it in a burglary. Not worried about it.
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I assume you have it backed up as well?
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03-05-2019, 02:14 PM
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#12
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 6,825
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Yes
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03-05-2019, 03:55 PM
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#13
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,213
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Never really a fan but I did get a few hundred in Iota and Ethereum just to see how easily it all works. I don’t look in on it very often.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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03-05-2019, 03:56 PM
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#14
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Administrator
Join Date: Jan 2008
Location: Chicagoland
Posts: 39,870
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Quote:
Originally Posted by REWahoo
It seems all the folks touting the fortunes to be made in the cryptocurrency markets have taken a vacation. Haven't seen any posts on the subject in months.
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Its possible some had to go back to work to make up all the losses.
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03-06-2019, 12:49 AM
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#15
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Thinks s/he gets paid by the post
Join Date: Feb 2016
Location: SoCal
Posts: 1,263
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Bitcoin was up like a $100 today.
There are still lots of people into this, few however on this board.
I am aware of one guy who put nearly his entire savings into it, and buys a thousand more each paycheck.
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03-06-2019, 07:08 AM
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#16
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Thinks s/he gets paid by the post
Join Date: Jul 2013
Posts: 1,770
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Quote:
Originally Posted by REWahoo
It seems all the folks touting the fortunes to be made in the cryptocurrency markets have taken a vacation. Haven't seen any posts on the subject in months.
Stuff like this might be one of the reasons why:
https://www.bbc.com/news/technology-47454528 |
Strikes me as a tale of embezzlement, and not cryptocurrency.
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03-06-2019, 07:19 AM
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#17
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,213
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Quote:
Originally Posted by Mr. Tightwad
Bitcoin was up like a $100 today.
There are still lots of people into this, few however on this board.
I am aware of one guy who put nearly his entire savings into it, and buys a thousand more each paycheck.
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That is a scary practice.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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03-06-2019, 10:24 AM
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#18
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gone traveling
Join Date: Mar 2019
Posts: 38
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I have some play money in the crypto market. Some litecoin, bitcoin and XRP. I don't expect great riches from these, but you do have to admit that if you were early to the Bitcoin game in 2009-10 and cashed out in late 2017 you'd be a millionaire by now.
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03-06-2019, 10:25 AM
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#19
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Jun 2014
Posts: 6,825
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We made our money mining when it was profitable to do so. We only invested 2k which we could afford to lose. We made a 40k profit which we cashed out and still have some coins. My son was the brainchild of this and cashed out 100k. People should not invest more than they could afford to lose.
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03-06-2019, 10:58 AM
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#20
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Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Join Date: Aug 2011
Location: West of the Mississippi
Posts: 16,709
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Quote:
Originally Posted by Mr. Tightwad
Bitcoin was up like a $100 today.
There are still lots of people into this, few however on this board.
I am aware of one guy who put nearly his entire savings into it, and buys a thousand more each paycheck.
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I assume this chap does not believe in diversification. 
__________________
Comparison is the thief of joy
The worst decisions are usually made in times of anger and impatience.
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