[ASAP]

I'd like to understand how something that can't be earned, is limited and has no central banking system is in any way classified as a currency. It is a commodity / investment and its current growth is based on valuation like a stock... dont see how anyone could argue this?

[insanecoder]

Originally Posted by ASAP

I'd like to understand how something that can't be earned, is limited and has no central banking system is in any way classified as a currency. It is a commodity / investment and its current growth is based on valuation like a stock... dont see how anyone could argue this?

A stock at least has intrinsic value based on partial ownership of the asset protect by certain laws
The baseless bitcoin can be anonymously stolen and POOF.. its valuation is based solely on supply and demand
no demand.. no value
once the emperor is realized to not be wearing any clothes..

[someguywithanm3]

I wish I would have invested in this a long time ago and made out like a bandit.

[P1]

No

[P1]

Originally Posted by someguywithanm3

I wish I would have invested in this a long time ago and made out like a bandit.

Mate, you can say that about anything, lol...

[jlstyle]

I tripled on BTSC stock and some good margin on other cryptos. I don't see why not.

[F32Fleet]

Originally Posted by chaungo

The thing is, you CAN convert it to currency, just it's going to be taxed.

My friend has profited around 200k from bitcoin, and he takes out small amounts of currency at a time.

Most of the people investing know it's only a matter of time, but until then, you invest and wait till that very moment and you cash out before it happens.

Originally Posted by chaungo

The thing is, you CAN convert it to currency, just it's going to be taxed.

My friend has profited around 200k from bitcoin, and he takes out small amounts of currency at a time.

Most of the people investing know it's only a matter of time, but until then, you invest and wait till that very moment and you cash out before it happens.

Congrats to your friend but it's not investing, it's called speculation.

[someguywithanm3]

Originally Posted by P1et

Mate, you can say that about anything, lol...

So true.

[Delta0311]

right now it's almost $10k a coin.. Looking to me like a pump n dump in the making.

[P1]

Originally Posted by Delta0311

right now it's almost $10k a coin.. Looking to me like a pump n dump in the making.

Hype it up!!!

[Lowkey F10]

Originally Posted by Delta0311

right now it's almost $10k a coin.. Looking to me like a pump n dump in the making.

Has to be a pump n dump.. or demand just got super large due to it even reaching and being stable at $8000

[Eternal]

I could have made a lot of money off of this. I had mined coins and traded back and forth in the 2012 time frame. Had 100 Bitcoin at one point. I sold when it hit $10 just before 2013. Made maybe $800 profit.

If I still had that 100 Bitcoin

[stylinexpat]

$10000 today

[Mr Carrots]

Man, I wish I'd kept mine @700ish

Crazy how it's still going up, hopefully eth has the same trajectory and makes me retirement money

[Delta0311]

Oh no I am all for a good pump n dump.

[stylinexpat]

$10000 mark broken

[3 Stripes]

Originally Posted by Myrder

I looked at it a few months ago...could have justified risking a couple hundred for some bitcoins, now at the near $600-700 level, its a lot harder to justify buying one bitcoin lol.

With such rapid and unrelenting growth it reminds me of this... but who knows if it will ever stop. Probably be kicking myself when its at $10,000 a coin.

I hope you are kicking yourself....

[upstatedoc]

I found this interesting:
http://money.cnn.com/2017/11/28/inve...10k/index.html

[stylinexpat]

Originally Posted by upstatedoc

I found this interesting:
http://money.cnn.com/2017/11/28/inve...10k/index.html

This is interesting and today Bitcoin is over $11000 after hitting $11000 and dropping down to $9000 to shake out weak hands it popped right back up again.

https://www.cnbc.com/2017/12/01/jame...edictions.html

[stylinexpat]

New record high today

[Mr Carrots]

Ffs why did I diversify into memecoins lkke verge...

[NickyC]

Shouldn't have put all my money in Dogecoin!