In a famous transaction several years ago, 10,000 Bitcoins were used to purchase 2 Papa Johns Pizzas. Draw your own conclusions. I'll take the RARE double Eagle.
@Baley said:
There may be a finite number of original Bitcoin, but what's to prevent thete from being an infinite number of OTHER blockchain cryptocurrencies?
There are over 700 cryptocurrencies. Branding is important though. The average person could probably only name 1, maybe 2 - with Bitcoin being the most well known. Thats were the vast majority of money will flow. There is no doubt that the other currencies will see action. I have a friend that is developing an investor cryptocurrency fund that will have 4-5 of the most financially stable currencies in it. Which will provide a level of stability to investing in crypto. But if you are the go for broke type of investor, Bitcoin is probably the one. You can invest in Litecoin or Ethereum. Ethereum is at $491 and Litecoin is at $151. So there are other levels of potential investment available. Litecoin was at $3.68 a year ago... thats a very nice 1 yr return. A $1000 investment a year ago would be $41,000 today... Litecoin could be at $1000+ in another year.
This phenomenon is occurring amid a citizenship that has no concept of gold.
Modern Americans will trust something that can be hacked with open arms. They prove it every day.
Bitcoin CAN and HAS BEEN hacked. As time goes on I'm sure the hacks will expand as the rewards increase..
Shows what a few generations can forget about private wealth and EASILY salable things.
It's a great "spec" now, but try to get a goat from a Kurd with a bitcoin.
@metalmeister said:
In a famous transaction several years ago, 10,000 Bitcoins were used to purchase 2 Papa Johns Pizzas. Draw your own conclusions. I'll take the RARE double Eagle.
Okay, I'm going out on a limb now, but I'm willing to trade three pizzas for 10,000 Bitcoins.
Bitcoin CAN and HAS BEEN hacked. As time goes on I'm sure the hacks will expand as the rewards increase..
Small point of correction. Bitcoin itself does not "get hacked"; Bitcoin is a public ledger whose transactions are verified by other members in the blockchain. What you hear about is exchanges and mining sites where inexperienced people tend to store their Bitcoin getting hacked, and those Bitcoin in possession of those sites then getting stolen. If you store your Bitcoin and alternative crypto in a wallet, as is typical of those familiar with crypto, it cannot be accessed by anyone other than you, unless your private key is compromised through phishing, etc. The reverse is also true: you forget your key, you ain't gettin' your crypto. There is a bill in Congress currently that would require you to surrender your private keys to Customs should they be requested, however.
Additionally, people with large volumes of crypto tend to store them on seperate hardware (Ledger, Trexor), essentially a specially formatted USB.
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Tulips have completed their 380-year consolidation phase and are due to rebound any decade now.
You have to pay attention to the charts!
My Adolph A. Weinman signature
There may be a finite number of original Bitcoin, but what's to prevent thete from being an infinite number of OTHER blockchain cryptocurrencies?
Liberty: Parent of Science & Industry
In a famous transaction several years ago, 10,000 Bitcoins were used to purchase 2 Papa Johns Pizzas. Draw your own conclusions. I'll take the RARE double Eagle.
100% Positive BST transactions
There are over 700 cryptocurrencies. Branding is important though. The average person could probably only name 1, maybe 2 - with Bitcoin being the most well known. Thats were the vast majority of money will flow. There is no doubt that the other currencies will see action. I have a friend that is developing an investor cryptocurrency fund that will have 4-5 of the most financially stable currencies in it. Which will provide a level of stability to investing in crypto. But if you are the go for broke type of investor, Bitcoin is probably the one. You can invest in Litecoin or Ethereum. Ethereum is at $491 and Litecoin is at $151. So there are other levels of potential investment available. Litecoin was at $3.68 a year ago... thats a very nice 1 yr return. A $1000 investment a year ago would be $41,000 today... Litecoin could be at $1000+ in another year.
This phenomenon is occurring amid a citizenship that has no concept of gold.
Modern Americans will trust something that can be hacked with open arms. They prove it every day.
Bitcoin CAN and HAS BEEN hacked. As time goes on I'm sure the hacks will expand as the rewards increase..
Shows what a few generations can forget about private wealth and EASILY salable things.
It's a great "spec" now, but try to get a goat from a Kurd with a bitcoin.
>
You can buy goats with Bitcoin... as well as all other types of livestock...
Here ya go....
https://www.ari.farm/buy-goats-with-bitcoin/
But this is the guy who has the goat I want.
Okay, I'm going out on a limb now, but I'm willing to trade three pizzas for 10,000 Bitcoins.
Hope I'm not buying at the top!
My Adolph A. Weinman signature
Small point of correction. Bitcoin itself does not "get hacked"; Bitcoin is a public ledger whose transactions are verified by other members in the blockchain. What you hear about is exchanges and mining sites where inexperienced people tend to store their Bitcoin getting hacked, and those Bitcoin in possession of those sites then getting stolen. If you store your Bitcoin and alternative crypto in a wallet, as is typical of those familiar with crypto, it cannot be accessed by anyone other than you, unless your private key is compromised through phishing, etc. The reverse is also true: you forget your key, you ain't gettin' your crypto. There is a bill in Congress currently that would require you to surrender your private keys to Customs should they be requested, however.
Additionally, people with large volumes of crypto tend to store them on seperate hardware (Ledger, Trexor), essentially a specially formatted USB.
Are pickpockets gonna have to look for thumb drives now?
Sounds like enron. Buy buy buy, our price will only go up!
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Decent article
https://www.marketslant.com/article/interview-if-you-dont-own-bitcoin-and-hold-gold-read
The comments are just LOLZ...
Coin dealers all agree, that ridiculous bitcoin only has 22 cents of cheap metal in it!
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Today...RARE COIN WINS
Cryptocurrencies have lost over $365 billion in the last 10 days. Bitcoin presently at $9440
I'd say, right now, downside has been significant