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Crypto currency discussion

  1. #451
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion


    If it's mining on the phone, it will either use a decent amount of your battery life/bandwidth, or it's mining your personal data (or both).

    There is no free lunch.

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  2. #452
    Fast is contagious JettaJayGLS's Avatar
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    Re: Crypto currency discussion

    Quote Originally Posted by TheIglu View Post
    If it's mining on the phone, it will either use a decent amount of your battery life/bandwidth, or it's mining your personal data (or both).

    There is no free lunch.
    That was the general sentiment on Reddit.

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    A man of many names...Jay, Gennaro, Gerry, etc.

  3. #453

    Re: Crypto currency discussion

    Quote Originally Posted by TheIglu View Post
    If it's mining on the phone, it will either use a decent amount of your battery life/bandwidth, or it's mining your personal data (or both).

    There is no free lunch.
    While I don't disagree, I've come to the point that my personal data has been used and sold many times and clearly has value.

    If there is a place I could sign up and just let them track me for like upfront payment of $10,000 and they would just be open about telling me they will know what I eat and where I go for marketing, I'd be like "hand me the cash"

    It's a losing battle and we get nickles and dimes thrown at us when they use it here and there.

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  4. #454
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion

    It’s one thing for targeted ads for marketing purposes on websites, it’s another thing when it’s a “you’ll get rich if you give us root access to the device that has all your personal financial information on it” type of situation.

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  5. #455
    Lifer
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    Re: Crypto currency discussion

    Tesla buys 1.5 BILLION in Bitcoin, briefly hits $44k today.

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  6. #456
    Super Moderator TheIglu's Avatar
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    Re: Crypto currency discussion

    They can print their own money with it.

    Buy Bitcoin, then Elon tweets anything that has the word Bitcoin in it. BOOM, profit.

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  7. #457
    Lifer
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    Re: Crypto currency discussion

    Dear Mr. Tusk,

    Thank you.

    Regards,
    Ee



    Im using this as a sign to pull most of my remaining bitcoin out of the market. Much like last time i will leave a few just to see what happens. Worked out pretty well last time i did it.
    As a reward to myself i purchased my first ever app on my phone. It tells me i have 173 days to retirement.

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  8. #458
    Fast is contagious JettaJayGLS's Avatar
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    Re: Crypto currency discussion

    Quote Originally Posted by boosten lebaron View Post
    Dear Mr. Tusk,

    Thank you.

    Regards,
    Ee



    Im using this as a sign to pull most of my remaining bitcoin out of the market. Much like last time i will leave a few just to see what happens. Worked out pretty well last time i did it.
    As a reward to myself i purchased my first ever app on my phone. It tells me i have 173 days to retirement.
    You can buy a Tesla with it if you want now!

    I'm pretty well diversified in what I feel are the more technically strong alt-coins at the moment. Enough that I'm willing to lose, but there is wind in these sails right now. Coins with practical uses have emerged. Big companies are investing pretty heavily. Its still all speculation, but I feel like there is actually something underlying some of these currencies now.

    That said, I am also 100% playing the game and bought into dog at 0.03. DOGE TO A DOLLAR! If it makes $1 its going to spend on pure fun....or cloning my dog.

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    A man of many names...Jay, Gennaro, Gerry, etc.

  9. #459

    Re: Crypto currency discussion

    $50,000 per BTC

    Who would have ever thought that. Where does it end?

    Will we look back a few years from now and be like "remember when it was just $50k?"

    The amount of wealth and fortunes that has been made by this invention is mind blowing.

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  10. #460
    Lifer
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    Re: Crypto currency discussion

    Quote Originally Posted by Vovchandr View Post
    $50,000 per BTC

    Who would have ever thought that. Where does it end?

    Will we look back a few years from now and be like "remember when it was just $50k?"

    The amount of wealth and fortunes that has been made by this invention is mind blowing.

    The last bit coin i bought was $600 ish and i thought that was really high. I was laughing knowing i bought piles of them the previous year for a couple bucks each which at the time i thought was almost a foolish amount to spend on them. I very clearly remembering either buying a bunch of bitcoins or using that money and going to Wendys for lunch lol.

    I suspect it will hit 50k before cooling down. It can only go so high before it becomes to big to handle

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  11. #461

    Re: Crypto currency discussion

    Quote Originally Posted by boosten lebaron View Post
    I suspect it will hit 50k before cooling down. It can only go so high before it becomes to big to handle

    Some will argue that $50k for an imaginary mined data bit is a bit too big to handle.. If it's not too big here why would it be too big at $100,000k or more?

    I say that because it defies logic like it always has. Like you I though it was over priced at $1k, $5k, $15k, definitely $35k yet here we are.

    I've had mild income generated from this whole mania enough to help with a safety net but I'm always marveled at the people who got into it quite early and held out like you.

    At my peak I owned I think 3 BTC? Couldn't even hold on to those (could afford a doomsday loss as I've never owned them while they were "throwaway cheap")

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  12. #462
    Lifer
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    Re: Crypto currency discussion

    Quote Originally Posted by Vovchandr View Post
    Some will argue that $50k for an imaginary mined data bit is a bit too big to handle.. If it's not too big here why would it be too big at $100,000k or more?

    I say that because it defies logic like it always has. Like you I though it was over priced at $1k, $5k, $15k, definitely $35k yet here we are.

    I've had mild income generated from this whole mania enough to help with a safety net but I'm always marveled at the people who got into it quite early and held out like you.

    At my peak I owned I think 3 BTC? Couldn't even hold on to those (could afford a doomsday loss as I've never owned them while they were "throwaway cheap")

    I got in early but stopped around the $600 mark time frame which i think was 2013ish. Didnt think about it again until it $25k in 2018 i think. Sold most but kept several hundred coins to see what would happen which brings us to today. Cashed in 200 or so and left a small amount in to see what happens with those. If i was paying attention i probably would have sold them all much earlier when they hit like a grand but my laziness got in the way and i just left them alone.

    I do think 100k is too high for these to hit but i will probably be wrong. I am thinking at some point another coin has to come into power to take some pressure off bitcoin. Like bitcoin will be the quarter but something has to be the dime.

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