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Has anyone here bought Bitcoin or other Cryptocurrencies?

Do you still have them or did you sell?

--Anonymous
replies 72Oct 18, 2017 6:33 AM +00:00

Asking for a friend

Bitcoin drops to its lowest level in nearly a week after indications of greater scrutiny from U.S. regulators.
CNBC
--Anonymous
replies 1Oct 18, 2017 5:22 PM +00:00

I have fractional "shares" of Bitcoin and plan on buying more. Also own 6.2 Litecoin. I'm going to continue to invest in Bitcoin and Litecoin, as well as a few other crypto. If you are serious about buying Bitcoin, buy a hardware wallet to store them (Ledger Nano S).

Bitcoin is now worth $6,000 each, and will probably be worth upwards of $500,000 each in a decade. Fastest appreciating "stock" in history.

--Anonymous
replies 2Oct 21, 2017 6:29 PM +00:00

how to buy "fractional shares"? I want to invest in Bitcoin but I don't have 6k to spare....

--Anonymous
replies 3Oct 21, 2017 6:32 PM +00:00

R3

You can buy .0000001 bitcoins. It’s very fractional.

It is another dotcom bubble. They can be easily tracked. If a government agency wants to track a bitcoin, it is child’s play.

It also fails to meet the regression theorem.

--Anonymous
replies 4Oct 21, 2017 6:43 PM +00:00

R3, sign up for an account on Coinbase.com. That's how everyone starts buying crypto. Very easy to buy Bitcoin, Litecoin, and Ethereum there, and then send to a wallet. You can email me if you have any questions - elijah.taylor15@outlook.com

--Anonymous
replies 5Oct 21, 2017 6:49 PM +00:00

Thank you for the info R5

--Anonymous
replies 6Oct 21, 2017 6:57 PM +00:00

You have to link your bank account. what if they get hacked ? that's my worry...

--Anonymous
replies 7Oct 21, 2017 6:58 PM +00:00

I am the proud owner of 31.5 bitcoin. I invested about $16,000 altogether. Best investment of my life.

--Anonymous
replies 8Oct 21, 2017 6:59 PM +00:00

i own 48.....bought them at 321 dollars.........wow wow wow....I am ecstatic

--Anonymous
replies 9Oct 21, 2017 7:15 PM +00:00

R8

That half million will have to eventually be declared as capital gains if you withdraw or use them.

You owe the government major taxes.

--Anonymous
replies 10Oct 21, 2017 7:16 PM +00:00

r10......not if I spend them in another country directly for merchandise (with a private merchant) after I retire and move there.......think about it......

--Anonymous
replies 11Oct 21, 2017 7:24 PM +00:00

when did you start investing in bitcoin?

--Anonymous
replies 12Oct 21, 2017 7:28 PM +00:00

R11, I'm listening. Are there any other ways to get out of paying capital gains taxes down the road? Bitcoin really shouldn't be subject to the antiquated tax law, ugh.

--Anonymous
replies 13Oct 21, 2017 7:30 PM +00:00

R11

That’s dangerous.

If any tax authority decides to audit you, these Bitcoins (unless you are scrupulous about connecting your “real identity”) the government can easily connect you to those coins.

It is low risk unless you run afoul of the law, but liquidating that many assets in any fashion is going to attract tax collection.

--Anonymous
replies 14Oct 21, 2017 7:32 PM +00:00

R13

No. You can attempt to liquidate them, and launder them, but any purchase can be tracked with enough time. The problem is that quantum leaps in processing power is making searching the blockchain for transactions much easier. You can launder a coin a billion times and they can still find you.

Government that is losing control will attack indiscriminately at anyone trying to circumvent their powers.

--Anonymous
replies 15Oct 21, 2017 7:35 PM +00:00

r14............you really think the "tax authorities" in rural Portugal (Albufeira) are going to track me down for spending bitcoin to buy tomatoes at the local farmer's market........in a rural town..........(and yes, I have witnessed farmers taking them for purchases)......remember they are fractional.....you can spend $.30 in bitcoin if you want to..........for a pack of gum.......or whatever someone will sell you for that thirty cents..........

--Anonymous
replies 16Oct 21, 2017 7:42 PM +00:00

R16

You aren’t in Amerika, land of the unfunded pension.

When the government decides to take your money, it will take your money. You are in a better position than most Americans, though.

--Anonymous
replies 17Oct 21, 2017 7:55 PM +00:00

but aren't you supposed to link it to your bank account, of course govt. will have your ID.

--Anonymous
replies 18Oct 21, 2017 8:01 PM +00:00

When the inevitable crash happens will musicals be big again?

--Anonymous
replies 19Oct 21, 2017 8:07 PM +00:00

R11 is not R8.

Anyway, I’m very aware of capital gains tax. But it’s long term capital gains at least.

--R8
replies 20Dec 3, 2017 12:36 AM +00:00

I think the vulnerability issue will result in a crash more so than the value issue. The original code has now been tweaked and rework and eventually someone will release a more stable, less energy intensive, more robust “coin”.

Ethereum is almost there.

--Anonymous
replies 21Dec 5, 2017 4:52 PM +00:00

Okay so can I put them in the candy machine to buy my Twix?

Seriously, what are they and how are they used?

--Eldergay asking for an even older gay
replies 22Dec 5, 2017 5:00 PM +00:00
but aren't you supposed to link it to your bank account,

No, they can be bought and sold without involving your bank account.

--Anonymous
replies 23Dec 5, 2017 8:07 PM +00:00

where to buy Ledger Nano S? only online? was trying to get one in my hands today. so i can buy bitcoin.

anyone bought it via atm in nyc?

--Anonymous
replies 24Dec 7, 2017 7:52 AM +00:00

anyone use wall of coins?

--Anonymous
replies 25Dec 7, 2017 11:58 AM +00:00

it starts trading next wk on major exchange. what will that do to the price? damn! i wished I bought it when i first saw this thread when the price was $6000! it's now more than doubled!

--Anonymous
replies 26Dec 7, 2017 12:22 PM +00:00

Moderation is really slipping if this thread with a shill and his personal email address at R5 is still here.

--Anonymous
replies 27Dec 7, 2017 12:29 PM +00:00

Bitcoin On Path To Functioning Just Like Real Currency After Small Concentration Of People Acquire Majority Of It.

--Anonymous
replies 28Dec 10, 2017 10:45 PM +00:00

I sold my two coins for $250 in like 2012 and thought I was doing well.

I still don't see a future in it. You can't buy much now with it. Now it's so volatile, no one will purchase with it as the price will change in seconds and the transaction fee is high. Verification times normally took ten to twenty seconds but direct exchange was as long as 30 hours in some cases during these high trading times.

There's no real point to it, unless you're laundering money or doing something shady because everything can be done above board and in the open with a dollar or Euro or whatever.

Bitcoins must be stored offline securely because an online exchange can be hacked. Bitcoins have never been hacked but the exchanges have (it's like robbing a bank). So you have to store them yourself to be sure with long secure passwords. The only way to know for sure you're computer is free of malware is to reinstall your O/S, then move your bitcoin to the wallet, then disconnect. To much trouble for now.

Eventually to buy anything of value you're going to have to convert your bitcoins and you'll need to pay tax or whatever you're trying to avoid, so why not do it in the first place?

--Anonymous
replies 29Dec 11, 2017 7:29 AM +00:00

prices went up today.

--Anonymous
replies 30Dec 11, 2017 12:24 PM +00:00

The fascination with bitcoin is typical of a sputtering recovery.

Bitcoin was on my radar far back as 2011, but for years, I didn’t think much of it.
Medium
--Anonymous
replies 31Dec 12, 2017 3:23 PM +00:00

Pat Boone says just buy gold.

--Is there anything wrong with that?
replies 32Dec 12, 2017 3:34 PM +00:00

Most of the trading in Bitcoin right now is being driven by individual investors from Japan, South Korea and Vietnam. Asian countries have strong gambling cultures.

Individual Asian investors are the focal point of bitcoin's rise.
Slate Magazine
--Anonymous
replies 33Dec 12, 2017 3:50 PM +00:00

If William Devane aint endorsing, I ain't buying.

--Anonymous
replies 34Dec 12, 2017 4:18 PM +00:00

R33

The hype is unbelievable.

It is, almost to a beat, an exact replica of the mania around AOL Time Warner, but with a logarithmic frame.

Anything but $/£/¥/€ is valuable.

Turning and turning in the widening gyre...

--Anonymous
replies 35Dec 12, 2017 4:41 PM +00:00

I heard some financial guy on the radio talking about this and brought up the Beanie Baby boom of the late 90s. Didn't instill much confidence.

--Anonymous
replies 36Dec 12, 2017 5:08 PM +00:00

Japan is driving the boom.

--Anonymous
replies 37Dec 15, 2017 6:26 PM +00:00

I put a few hundred dollars into Ripple. It's appreciated by $3K now.

--Anonymous
replies 38Dec 15, 2017 7:31 PM +00:00

R38

A sovereign issued crypto backed by gold is going to be the winner.

Singapore is too small. China is too disastrous fiscally.

A cryptoruble is the most likely probability, backed by 6k tons of gold.

--Anonymous
replies 39Dec 15, 2017 7:40 PM +00:00

Get in, get it UP and GET OUT

That was the motto of gays and it's the motto of easy money. You too can be rich.

--Anonymous
replies 40Dec 15, 2017 7:48 PM +00:00

This has "Ponzi Scheme" written all over it .

--Anonymous
replies 41Dec 15, 2017 7:50 PM +00:00

R41

Not really. A Ponzi scheme is based on fraud.

The vast majority buying bitcoin know that they are gambling.

Cryptography and finance are the future, but bit coin is an imperfect vehicle. It will be a noble failure, but without something more than mathematics it will be replaced by better competitors.

The settlement time and expense for bitcoin has reached preposterous levels. Buying one today can take a few hours to a few days of processing time, at a significant premium cost-Two things that bitcoin was supposed to be superior to when compared to visa and MasterCard.

--Anonymous
replies 42Dec 15, 2017 8:10 PM +00:00

Oopsie!

Bitcoin plunges $1,000 in less than an hour

The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET on Tuesday, according to Coinbase.

The slump came just around the close of the U.S. stock market after a wild day for stock traders focused on cryptocurrency plays.
CNBC
--Invest now, idiots!
replies 43Dec 19, 2017 9:09 PM +00:00

BItcoin is so over, buy Bitcoin Cash the fork of Bitcoin.

You can make millions, don't be left out

--Anonymous
replies 44Dec 19, 2017 10:31 PM +00:00

spam for today, all about fake money.

Imgur: The magic of the Internet
Imgur
--Anonymous
replies 45Dec 20, 2017 1:10 PM +00:00
I put a few hundred dollars into Ripple.

Why? You could've bought some two-buck Chuck.

i.pinimg.com
--Anonymous
replies 46Dec 20, 2017 1:30 PM +00:00

Did you get out at $16,000? Cause it's down under $14,000.

--Anonymous
replies 47Dec 21, 2017 5:01 PM +00:00

yep, i've been buying BTC since late 2014. it can be a pain in the ass to purchase, especially if you want to do it anonymously. i initially used Coinbase, but it would take several days for a transaction to clear. since then i've used many different exchanges, including Paxful (Western Union, though you can basically pay using everything from Amazon giftcards to cash deposits) and , most recently, localbitcoins (paypal). i haven't purchased BTC in several months, but apparently transaction fees have skyrocketed due to BTC's gains. it wouldn't make much sense to purchase a small amount of BTC at the moment due to transaction fees. it's insane that just two years ago one could buy 1 BTC for $200. This time last year BTC hadn't even reached 1k. In October, the last time I purchase, BTC was at ~7k.

That said, I would advise against investing in BTC at this point and instead look at up-and-comers like Monero. Feel free to ask me any questions!

--Anonymous
replies 48Dec 21, 2017 5:18 PM +00:00

CRASHEROONIE! Ha, where's shill OP now? Jumped off a ledge?

Bitcoin has been on a tear this past year with the value of the cryptocurrency jumping from $8,000 to nearly $20,000. The drop -- which wiped more than $4,000 from the value of bitcoin at one point -- was the highest percentage loss of value that bitcoin has seen this year. The cryptocurrency was valued
www.yahoo.com
--Anonymous
replies 49Dec 22, 2017 12:19 PM +00:00

R48

Government is looking closely at the robust nature of block chain enabled transactions.

I will be called a Russian troll, but I am a fan of Elvira Nabiullina. She’s smarter than most. She has been running the central bank through the sanctions over Crimea, RussiaGate, BRI/EAEU negotiations...she’s magnificent.

She has already started a project to link the ruble to a cryptocurrency, a cryptoruble, fully convertible to gold @ 1mg per ruble.

It takes 50 ruble for a dollar, and a gram of gold is worth $40, or R2,000 for a gram, at current prices.

It would be a shock devaluation of 100% against the dollar, but gold transfer would quickly change that.
 As a stable sovereign nation, the cryptoruble would quickly be accepted and useful worldwide.

Russian expats would quickly open black-market branches where Nigerians, Vietnamese, Australians, Indians, Mexicans, and even Americans come to bring gold and exchange it for crypto ruble.
 Since it is a sovereign backed by gold very few companies or individuals would have any problem accepting it. The hardware is already available on chip readers and phones.

The sharp rise in Russia’s export cost would be a challenge for the first year, but the massive increase in what rubles will purchase on the international market would more than make up for it.
If gold hit $12,000 oz then Russians would be sitting pretty to have the next World Reserve Currency.

--Anonymous
replies 50Dec 22, 2017 5:22 PM +00:00

Bitcoin under $10,000 now.

--Anonymous
replies 51Jan 17, 2018 4:07 AM +00:00

r51

Bitcoin? Is that still around

--Deutsche Mark, Frank, Lira and Dracma
replies 52Jan 17, 2018 5:40 AM +00:00

those in the know realize this is a huge huge huge buying opportunity for all the major cryptos..............get a clue............

--Anonymous
replies 53Jan 17, 2018 5:44 AM +00:00

R53

Until you can use bitcoin to buy a cup of coffee without paying $25 in transaction fees it is a speculative asset.

--Anonymous
replies 54Jan 17, 2018 2:03 PM +00:00

Bitcoin enthusiasts are taking this little crash well

i.redd.it
--Anonymous
replies 55Jan 17, 2018 2:07 PM +00:00

R55

Bitcoin is pre internet message board tech, literally.

Each iteration of the initial White Paper builds on the theory, and will eventually create a more robust version.

Like encryption, the underlying technology is far more important than Bitcoin itself.

--Anonymous
replies 56Jan 17, 2018 4:37 PM +00:00

so what's happening?

I have a hard bitcoin wallet, i haven't even opened it yet. I don't have an account anywhere, can someone send me bitcoin if i have this wallet?

--Anonymous
replies 57Jan 23, 2018 2:12 PM +00:00

The government can print money to cover debts. That, in and of itself, is deeply problematic. We will eventually turn this country into North Korea or Venezuela unless the federal reserve is abolished.

--Anonymous
replies 58Jan 23, 2018 3:22 PM +00:00

A colleague's wife bought one - just one - cause she is a financial something or other and she thought she should have one and she bought it for $400. We were sitting around talking about everyone's retirement plans when this came up and it seems her one bit coin was worth $14,00 that day. This was maybe a week ago.

--Anonymous
replies 59Jan 23, 2018 5:02 PM +00:00

Worth what? How can she spend it or live on it? Retire on it? It's fake money.

--Anonymous
replies 60Jan 25, 2018 11:59 AM +00:00

Do you want to make more money????

--Sally Struthers
replies 61Jan 25, 2018 12:12 PM +00:00

You misspelled "money." It's "money" in quotes.

I've only been hearing about bitcoin in spam emails from China, other than here.

--Anonymous
replies 62Jan 25, 2018 12:27 PM +00:00

Buy Etherium rather than Bitcoin. More likely to succeed in the long run, and although it's run up a lot, it's not ridiculous. Ehterium is more likely to become accepted anyway.

--Anonymous
replies 63Jan 25, 2018 12:33 PM +00:00

R60

The US dollar, British pound, your road, in, and yuan are all fake too.

--Anonymous
replies 64Jan 30, 2018 3:22 PM +00:00

YOUR ROAD-EURO

--Anonymous
replies 65Jan 30, 2018 3:23 PM +00:00

Bitcoin enthusiasts are so fucking dumb.

--Anonymous
replies 66Jan 30, 2018 3:28 PM +00:00

It's under 10,000 right now.

--Anonymous
replies 67Jan 30, 2018 3:29 PM +00:00

Also I believe that $500 for coin is more likely, it could conceivably hit $100,000 per fucking coin.

Markets are insane, Especially when the Federal Reserve is pumping billions every day into the economy.

Crazed.

--Anonymous
replies 68Jan 30, 2018 3:41 PM +00:00

$8814 as of now.

No interest in selling, though. They will retain historical value, like any two letter .com address, but will be supplanted by a better design soon.

--Anonymous
replies 69Feb 1, 2018 5:49 PM +00:00

it's crashing...

--Anonymous
replies 70Feb 2, 2018 11:17 AM +00:00

Under 6500 now.

--Anonymous
replies 71Feb 5, 2018 4:05 PM +00:00

R71

As markets keep going down, bitcoin might actually stabilize for a while.

The BOJ/ECB/PBOC/FED will be forced to monetize as this correction goes deeper and deeper.

When all your valuations are fake, denoted in fake money, finding the bottom will be very difficult for this market.

Eventually one of the four big central banks will directly monetize and the party will be on once again, for a few quarters, until the orgy of monetary easing turns dollars, euros, yuan and yen into toilet paper quasi simultaneously.

--Anonymous
replies 72Feb 5, 2018 5:53 PM +00:00