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Bitcoin billionaires

malata

RockStar
Jan 16, 2004
3,829
172
63
Paradise by the dashboard light.
bitcoin may have hit a bottom from that massive drop



could be stabilizing from current price



after which, it may resume its upward momentum once more



for the meantime, expect a bumpy ride


and watch that money roll in, that's if you time it right

 

Chiroden

Banned
Mar 3, 2018
15
0
0
I think it is cool to collect so many bitcoins...maybe need to start mining them, what do you think about it? It is not so difficult as I know. Only need to buy good GPU for mining https://gpuformining.top/ and start to get passive income:)
 

wonkyknee

Active member
Jan 20, 2006
3,499
18
38
I think it is cool to collect so many bitcoins...maybe need to start mining them, what do you think about it? It is not so difficult as I know. Only need to buy good GPU for mining https://gpuformining.top/ and start to get passive income:)
You only need start up capital these days in the hundreds of thousands of dollars. No ordinary CPU is capeable of mining bitcoin. and you'll need a hydro source with bills of thousands per month. LOL
 

User 123

New member
Jan 21, 2017
318
4
0
You only need start up capital these days in the hundreds of thousands of dollars. No ordinary CPU is capeable of mining bitcoin. and you'll need a hydro source with bills of thousands per month. LOL
Not true. All you need is a ASIC that can mine the SHA-256 algorithm to mine Bitcoin. The Antminer S9 cost $2000USD and it’s all you need to get started. Whether you have 1 or 1000 machines your profit margin remains more-less the same as long as electricity cost is the same.

You can’t mine Bitcoin with a CPU or GPU. However, if you mine with the NiceHash pool, they will pay you in Bitcoin for mining alt-coins.
 

wonkyknee

Active member
Jan 20, 2006
3,499
18
38
Every new bitcoin found makes the next exponentially more difficult, and more costly. What was always obvious to many is becoming increasing obvious to everyone that the only use for bitcoin is black market activities. Everything always looks better when the price goes up, but fundamentally its corrupt currency serving only corrupt purposes. The majority of the coins are in the hands of very few. Its no different than the existence of bearer bonds. Bearer bonds have been around forever and very few institutions will deal with bearer bonds for much the same reasons. Once again, the hype machine and fabricated high prices are the only thing giving this garbage legitimacy. The get rich quick hype never dies. Same reasoning millions line up to donate taxes at the lottery booths all over the world every week. Its pathetic really.
 

wbh32

Member
May 4, 2015
46
0
6
I do think RBC's idea to use blockchain for credit reporting is an excellent example of how to use blockchain successfully.
 

wbh32

Member
May 4, 2015
46
0
6
No. For many reasons. Credit report transactions don't need instant turn around so you can mine off peak, plus the volume of transactions is much less than currency transactions....just to name a couple.
 

DroppingItHot

New member
Apr 11, 2018
4
0
1
I think it is cool to collect so many bitcoins...maybe need to start mining them, what do you think about it? It is not so difficult as I know. Only need to buy good GPU for mining and start to get passive income:)
If you ask me, it is already too late to start mining them because of the dramatic price increase for GPU cards. Though there are plenty of other ways you can get your hands on bitcoin and other crypto currencies. Personally I use cloud mining while using hashflare promo codes for some juicy discounts. Pretty sure it is one of the most reasonable methods to mine nowadays so I highly encourage you to try it out.
 

malata

RockStar
Jan 16, 2004
3,829
172
63
Paradise by the dashboard light.
No. For many reasons. Credit report transactions don't need instant turn around so you can mine off peak, plus the volume of transactions is much less than currency transactions....just to name a couple.
so in other words, it's as much electricity to achieve just one orgasm as opposed to 10 orgasms via 45 watts vibrator X 10 transactions. If this can reduce human error and stagnate employment claims, then perhaps this be a better alternative

 

Kadie Lux

ITALIAN BELLA KADIE
Aug 14, 2016
1,101
0
0
Mississauga, GTA, Ontario.
Guys I swear I have bitcoin in one of my bitcoin wallets - but Ive forgotten the password to the wallet and cant even get into it.

Is bitcoin really worth that much guys? I didn't believe it when I heard it.
 

Samantha Jones

Active member
Jul 12, 2013
1,691
22
38
Toronto
I may make a small investment and see what happens.. was at the wealth expo and the guy said one day it can be 7k, the other 17, and then back to zero.... (it's not regulated much, so that's kind of worrisome?)

I tried to pay my hotel cash the other day upon check out and they wouldn't accept... which was weird. It's going to be interesting for workers if we do actually move towards a completely cashless system- which I hope not.
 

faveone

This is just a hobby
May 1, 2002
874
802
93
GTA
Saw a story a few weeks ago about a restaurant downtown Toronto who was starting to take bitcoin as payment. Reporter asked the owner.. "aren't you afraid that the payment you took will be worthless and you will lose your moey?". Store owner repsonded that the next morning Bitcoin value went up so in fact he 'made' money!

My take on the story? Guess what? This guy just took an alternate form of payment that could not be traced by CRA! Hmmmmm..... have I seen something like this before? Oh yes! I have ! It was called the 'Barter Network' back in t the 80's!! People would barter goods and services and account for their purchase/sales through a company set up to mamage the 'barter network'. Guess what? CRA stepped in and it came crashing down! Same thing will happen with Bitcoin. Eventually when it becomes so pervasive that the government feels that they are losing significant revenue, it will be game over folks !!

On the other hand, being a prepper I would NEVER put my assets into something that requires electricity and the internet!! Yes, I may have 'investments' but that is all RRSP and pension momey. Once I am of age that I can pull that money out... OUT IT COMES BABY !!

I was (un)fortunate to be in Europe 3 years ago when the financial world shut down in this little country called Greece. Guess what happened? NOBODY could get their money! Now you may say that will never happen here but you are a fool to thing that because it has happened 3 times in the last 100 years here in Canada/USA. Just like when the government stepped in ( a couple times over the last 100 years) and made it ILLEGAL to own GOLD!! Yes it has happened here folks and a simple google search will uncover these facts.

Then we have something that very few people have seen/realized though it just happened recently to Turkey. Called a bank 'bail'in' . You've all heard about 'bail-outs'. Anyone know what a 'bail-in' is? That's when the government steps and and says 'hey good citizen, that $700,000 you have int he bank? well now you have $100,000 because we are appropriating the rest of it!" . You think I 'm shitting you? Read online what happened to banks in Turkey in 2016!

So if I can't touch it, it's not mine ! Anything electronic or on paper is dust in the wind my friends! If you can convert it to hard cash, silver, gold, platinum (I would have said diamonds but now that they are making even better diamonds in the lab then are being naturally produced, that market is on it's way out too), then it's still just wealth on paper and will mean nothing during the next blackout! The only things that the banks have of mine is my debt!!! ;)
 

NiceToMeetYou

Active member
Oct 24, 2010
719
206
43
Bitcoins are about to collapse. Good luck to the investors who bought them late in the game when they were thousands or ten of thousands USD dollars per coin. If you bought them when the Bitcoins were just ten or hundreds USD dollar per coin, then you may still doing well by selling them now because they will sink down further.

"Bitcoin Drops to $5,860, Lowest since October 2017. True Believers with Fake Hopes Got Cleaned Out by Early Movers"


https://wolfstreet.com/2018/06/24/b...h-fake-hopes-got-cleaned-out-by-early-movers/


 

malata

RockStar
Jan 16, 2004
3,829
172
63
Paradise by the dashboard light.
exciting times! If this fucker breaks out, it'll be because of some catalyst foreseen by the obvious. It can only go so low until it hits that thresh-hold in tapping it back up into the unknown

 

black booty lover

Well-known member
Oct 21, 2007
9,738
1,655
113
The bitcoin billionaires' time has gone. They should have sold their bitcoins before the collapse. But there is always some good news. Every cloud has a silver lining! Now ordinary people can operate with bitcoins, for example, through the crypto casino. Now it becomes reality.
It's amazing how you can convince the public to buy almost anything. You create the FOMO factor and suddenly people will buy anything. Bitcoin was never anything more then a way to transmit money, and there's lots of ways to do that.
 

Smallcock

Active member
Jun 5, 2009
13,703
21
38

Tim Strong

Member
Aug 12, 2018
72
9
8
there is something to be said about this bitcoin. They say we are moving to this in the future. it is a way to hide money. The world is getting more nuts all the time. I saw a guy downtown with a bitcoin tattoo on his back last summer. LOL. Maybe one day in 10 yrs time he will pay for his food this way. Who knows. ????
 
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