PhillipM wrote:
I've started to acquire some of the alt coins, and will be mining for alt coins sometime next week.

I'm looking into Quatloos. I hear they are a lot easier to acquire and worth pretty much the same as alt coins or bitcoins.

Shot By Adam wrote:
I'm looking into Quatloos. I hear they are a lot easier to acquire and worth pretty much the same as alt coins or bitcoins.

I have 3 or 4 that I'll be buying this week when coinbase gets my funding.  Hoping to start mining by this time next week.

VERT
VERG
CARDANO
REDDCOIN

PhillipM wrote:

I have 3 or 4 that I'll be buying this week when coinbase gets my funding.  Hoping to start mining by this time next week.

VERT
VERG
CARDANO
REDDCOIN

RIPPLE might be the next best thing. ETHEREUM mining is also paying off handsomely

rxz wrote:
How many here sold their bitcoin stash 5 days ago at 19,000?  It's at around 14,000+ now.

Today bitcoin is around 7000, down by half after 6 weeks.  What to do, buy or sell short?

rxz wrote:

Today bitcoin is around 7000, down by half after 6 weeks.  What to do, buy or sell short?

The short selling window may have passed.  Bitcoin is probably going to begin a slow decline.  Most of the fantasists who thought Bitcoin would hit $40,000 have sobered up, but enough people still believe in it to stop it from a free fall.  More governments regulating or banning it could change that.

MN Photography wrote:

The short selling window may have passed.  Bitcoin is probably going to begin a slow decline.  Most of the fantasists who thought Bitcoin would hit $40,000 have sobered up, but enough people still believe in it to stop it from a free fall.  More governments regulating or banning it could change that.

If you know the history, the current reduction was to be expected.

Tony From Syracuse wrote:
There are people who got into bitcoin way back when for peanuts maybe as a lark or naivety and won big....which lets face it, sums up investing sometimes.  sometimes that silly thing you invest in and forgot about blows up big. whether they are stupid,smart or lucky is beside the point.  on the surface investing in bitcoin might have seemed silly given what it is. but to the people who cashed out large you cant laugh at them. they bought low, and got out high.

I'm sure people laughed at them also way back when for even buying bitcoin at all.

50 Cent is a perfect example of that statement.

"In 2014, rapper 50 Cent let people buy his album Animal Ambition using bitcoin." The price back then was $662 and his "earnings are now worth $7 million to $8.5 million." The price was higher at the time of publication but he's still made millions even at current prices.
https://www.theverge.com/2018/1/24/1693 … humblebrag

Tony From Syracuse wrote:
its just that I just see no reason why this particular online currency would be chosen over that online currency and be given governments stamp of approval.

its value comes from not needing a government's stamp of approval? I know I know, too abstract

But lets say you have a government that you disagree with, or a different useful online currency is given a stamp of a approval by a government that you are isolated from or can't agree with.

This is the reality for people in many countries around the world with something as simple as paypal, as well as disenfranchised minorities in countries you never hear about.

This is the first decade in history that there is a universal THING valued around the world at nearly the same price, and can be liquidated in exchange for another thing at nearly the same price.

Gold was a nice contender but its physical nature is not a feature, it is a liability in comparison to an asset that is transportable anywhere, instantly, and is infinitely divisible into any arbitrary denomination and no cost.

Security behind storing bitcoin has some best practices and a learning curve, but they are also free.

It doesn't need to have value to you, for validation. These features themselves have a market value.