You'd need almost 10K now to purchase those 2 ounces of gold...
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
I can just deposit cash from my bank account to buy on Gemini, or sell Bitcoin and send the cash back to my bank.
I bought one Bitcoin a few months ago at 2.5K with play money out of curiosity. I'm astounded by what's happening. Since I don't have any pressing need the money or for the original investment, I'm just letting it ride.
@dpoole said:
I can just deposit cash from my bank account to buy on Gemini, or sell Bitcoin and send the cash back to my bank.
I bought one Bitcoin a few months ago at 2.5K with play money out of curiosity. I'm astounded by what's happening. Since I don't have any pressing need the money or for the original investment, I'm just letting it ride.
@dpoole said:
I can just deposit cash from my bank account to buy on Gemini, or sell Bitcoin and send the cash back to my bank.
I bought one Bitcoin a few months ago at 2.5K with play money out of curiosity. I'm astounded by what's happening. Since I don't have any pressing need the money or for the original investment, I'm just letting it ride.
Can you sell a fraction of your bitcoin?
YES! That's the beauty of it. All cryptos are fractional currency. Some up to 18 decimal places. I sold .18 Bitcoins last night for USD. I'm holding that cash on the exchange to buy back on a (hopeful) dip. Or, I could've transferred the cash to my bank account, much like you do with money on Paypal.
Bitcoin fractionals are out to 8 decimal places. (.00000001).
So, if you wanted to buy $1000 worth of Bitcoin at $15,000 BTC price, you would get .06666667 BTC in return to deposit into your Bitcoin wallet.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
@SirLurksALot said:
So, for all the people that "have" bitcoin(s), at what point and how do they profit from this whole run up?
Whenever you want to I guess, You can buy stuff with Bitcoin, or just cash it out for fiat and have it deposited in your bank account. Or buy silver and gold with it thru a dealer that takes cryptos. If you're very conservative, cash out your initial investment and let the rest roll.
@ Elite CNC Routing & Woodworks on Facebook. Check out my work. Too many positive BST transactions with too many members to list.
@dpoole said:
I can just deposit cash from my bank account to buy on Gemini, or sell Bitcoin and send the cash back to my bank.
I bought one Bitcoin a few months ago at 2.5K with play money out of curiosity. I'm astounded by what's happening. Since I don't have any pressing need the money or for the original investment, I'm just letting it ride.
Yes. I know a fellow who bought a physical Bitcoin when Bitcoin was $100. He paid $150 for it. (2013)
He wanted to trade for 24 ounces of gold a while back. Bitcoin was at $52k this past six months and had gone up to $60k +.
My CFO ( and wife) said "no". I passed. He used it with an online gold broker and received 220 tenth ounce gold coins ( eagles and maple leaf) plus $400 face value in Walking Liberty halves. He purchased the coin in 2013 for $150 and Flipped it in '21 for $52k in silver and gold.
I purchased some Crypto through Paypal, $100 each of Bitcoin, Ethereum and Bitcoin Cash, collectively it's worth $231.21. This probably isn't the way to expose yourself to Crypto, just wanted to dabble in it. Are the recent events surrounding Evergrande going to impact Cryptocurrencies?
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Gold.
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You'd need almost 10K now to purchase those 2 ounces of gold...
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Same guy is calling for 13k in USD by end of Jan
One Bitcoin or two eight 1oz Gold Eagles?
$10575
My Adolph A. Weinman signature
One Bitcoin or two ten 1oz Gold Eagles?
$12378
My Adolph A. Weinman signature
If I was sitting on a large quantity of bitcoins I'd be very nervous.
Worry is the interest you pay on a debt you may not owe.
Youd be very rich.
Knowledge is the enemy of fear
I'm in the nervous camp. I've never owned any, but if I did I would have cashed out a long time ago.
time.com/money/5047880/winklevoss-twins-bitcoin-billionaires/
My Adolph A. Weinman signature
I wonder if Papa John still has the 10,000 bitcoins he received for 2 Papa Johns pizzas a few years back.
100% Positive BST transactions
If I were sitting on a large qty of bitcoins , I'd be buying gold, JMO
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
I assume you'd be using the bitcoins to buy your gold.
Worry is the interest you pay on a debt you may not owe.
JM Bullion accepts BC
Successful transactions with : MICHAELDIXON, Manorcourtman, Bochiman, bolivarshagnasty, AUandAG, onlyroosies, chumley, Weiss, jdimmick, BAJJERFAN, gene1978, TJM965, Smittys, GRANDAM, JTHawaii, mainejoe, softparade, derryb
Bad transactions with : nobody to date
Got an email from APMEX today. They accept BTC as well now.
Here's a warning parable for coin collectors...
$13,400
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Now 14,400..this is just insane..
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
One Bitcoin or ten eleven 1oz Gold Eagles?
One gold eagle added to bitcoin value in less than 18 hours!
My Adolph A. Weinman signature
Hadn't seen nuthin' yet. 2018 is gonna be a rocket shot.
Too many positive BST transactions with too many members to list.
One Bitcoin or eleven thirteen 1oz Gold Eagles?
$16207.
Dollar up, stocks up, oil up, Bitcoin way up, gold down.
My Adolph A. Weinman signature
Add another couple gold eagles...
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Regarding my original post two months ago, after careful consideration I think I would prefer having one Bitcoin rather than two 1-ounce Gold Eagles.
My Adolph A. Weinman signature
it hit $18,918.00 earlier today!
My YouTube Channel
So, for all the people that "have" bitcoin(s), at what point and how do they profit from this whole run up?
I can just deposit cash from my bank account to buy on Gemini, or sell Bitcoin and send the cash back to my bank.
I bought one Bitcoin a few months ago at 2.5K with play money out of curiosity. I'm astounded by what's happening. Since I don't have any pressing need the money or for the original investment, I'm just letting it ride.
Here's a warning parable for coin collectors...
Can you sell a fraction of your bitcoin?
Knowledge is the enemy of fear
YES! That's the beauty of it. All cryptos are fractional currency. Some up to 18 decimal places. I sold .18 Bitcoins last night for USD. I'm holding that cash on the exchange to buy back on a (hopeful) dip. Or, I could've transferred the cash to my bank account, much like you do with money on Paypal.
Bitcoin fractionals are out to 8 decimal places. (.00000001).
So, if you wanted to buy $1000 worth of Bitcoin at $15,000 BTC price, you would get .06666667 BTC in return to deposit into your Bitcoin wallet.
Too many positive BST transactions with too many members to list.
Whenever you want to I guess, You can buy stuff with Bitcoin, or just cash it out for fiat and have it deposited in your bank account. Or buy silver and gold with it thru a dealer that takes cryptos. If you're very conservative, cash out your initial investment and let the rest roll.
Too many positive BST transactions with too many members to list.
Yes, you can.
Here's a warning parable for coin collectors...
So should I take the plunge and buy .00000001 Bitcoin for 1/60 of a cent?
Okay, I'm in!
Wow, this is exciting!
My Adolph A. Weinman signature
Does anyone know anyone who has or has sold bitcoin? I really do not understand how it is worth so much.
Collector, occasional seller
Limited (fixed) supply, high (for now) demand.
Here's a warning parable for coin collectors...
Some of the comments in the beginning of this post didn’t age well…
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@dpoole said:
Yes. I know a fellow who bought a physical Bitcoin when Bitcoin was $100. He paid $150 for it. (2013)
He wanted to trade for 24 ounces of gold a while back. Bitcoin was at $52k this past six months and had gone up to $60k +.
My CFO ( and wife) said "no". I passed. He used it with an online gold broker and received 220 tenth ounce gold coins ( eagles and maple leaf) plus $400 face value in Walking Liberty halves. He purchased the coin in 2013 for $150 and Flipped it in '21 for $52k in silver and gold.
Great ROI
Guitarwes was absolutely spot on. Incredible.
Guitarwes was absolutely spot on. Incredible.
The volatility is there, for sure. If you can stand the volatility and risk of total loss, cryptos are still a possible speculative bet.
I knew it would happen.
I purchased some Crypto through Paypal, $100 each of Bitcoin, Ethereum and Bitcoin Cash, collectively it's worth $231.21. This probably isn't the way to expose yourself to Crypto, just wanted to dabble in it. Are the recent events surrounding Evergrande going to impact Cryptocurrencies?
Dang, wish I would've listened to myself a little better than I did. I'm sitting ok though.
Too many positive BST transactions with too many members to list.