Author Topic: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion  (Read 204150 times)

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1200 on: July 02, 2018, 03:29:36 PM »
Quote
Why didn't you buy the bike with your crypto? Oh yeah that's right. No one really takes crypto to buy anything and no one actually uses to buy anything.

Nice bike!


The guy at the bike shop told me I was the second guy to come in and buy a new bike with crypto earnings. 

I'm a pretty cheap person but I was easily persuaded to buy the $1,400 bike instead of the first one I rode, which was about $800.  No comparison.

And no comparison between the $1,400 bike and my last mountain bike, which was $450 with 26" wheels from 2002.  The advances in mtb construction are just seismic and the sport itself has evolved to be almost unrecognizable.  The "old" mtb trails in my area from the 1990s have been semi-abandoned in favor of the newer flow and downhill trails.

If there's anything I took away from the MMM articles, it was the advice to get "cheap hobbies".  Luckily I was already doing that, since even with decent-quality bikes, bicycling is still a very cheap hobby as compared to fishing, skiing, boating, etc.

Road bikes have evolved almost as drastically - the top-of-the-line bikes that were used by Grand Tour winners at the turn of the millennium are now objectively inferior to $800 entry-level machines, while the current high-end models are so far beyond those older bikes that they might as well be in a different sport. It's one of the most promising signs in road cycling as a professional sport that the last decade or so of ever-advancing wind tunnel testing, weight shaving, kit shrinking and mathematically precise training and dietary plans is only now producing times marginally faster than 2001-2007.

All this is unfortunately off topic, though, so...rabble rabble Bitcoin rabble rabble Ponzi rabble rabble transformative rabble rabble?

jmecklenborg

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1201 on: July 02, 2018, 04:59:56 PM »
Road bikes have evolved almost as drastically - the top-of-the-line bikes that were used by Grand Tour winners at the turn of the millennium are now objectively inferior to $800 entry-level machines, while the current high-end models are so far beyond those older bikes that they might as well be in a different sport. It's one of the most promising signs in road cycling as a professional sport that the last decade or so of ever-advancing wind tunnel testing, weight shaving, kit shrinking and mathematically precise training and dietary plans is only now producing times marginally faster than 2001-2007.

All this is unfortunately off topic, though, so...rabble rabble Bitcoin rabble rabble Ponzi rabble rabble transformative rabble rabble?

Yeah I was at a group ride recently where a guy showed up with a circa-2002 Trek Madone.  It looked like a museum piece.  Hell, my 2015 Felt Z5 already looks dated.  Hopefully it lasts another 10 years.  You've just got to not care that you're going to be in the bottom 30% on Strava segments, no matter what! 

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1202 on: July 03, 2018, 08:15:56 AM »
I'd never be one to argue that a modern expensive bike isn't a very nice thing to ride . . . but 90% of the weight and aerodynamics is going to be related to the shape and position of the engine on that bike.  I ride around on a 25+ lb steel frame touring bike, and it's pretty unusual for me to get dropped on a ride.

It's always going to be much cheaper to take 5 lbs off the engine than the bike, and the rider's body position and clothing worn matters an awful lot more than the aerodynamics of the frame he/she is on.  :P

Retire-Canada

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1203 on: July 03, 2018, 08:18:47 AM »
I'd never be one to argue that a modern expensive bike isn't a very nice thing to ride . . . but 90% of the weight and aerodynamics is going to be related to the shape and position of the engine on that bike.  I ride around on a 25+ lb steel frame touring bike, and it's pretty unusual for me to get dropped on a ride.

It's always going to be much cheaper to take 5 lbs off the engine than the bike, and the rider's body position and clothing worn matters an awful lot more than the aerodynamics of the frame he/she is on.  :P

Tires and appropriate frame flex are more important than either aerodynamics [between typical road bikes] or 5lbs in weight.

Just to stay on topic I want to say that using crypto to buy bikes is a great idea. Then I can tell my GF I have no idea where the new machine came from and she can't trace the payment back to me. ;)

jmecklenborg

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1204 on: July 03, 2018, 10:56:23 AM »
Just to stay on topic I want to say that using crypto to buy bikes is a great idea. Then I can tell my GF I have no idea where the new machine came from and she can't trace the payment back to me. ;)

Now THERE we have a legit legal use for crypto!!!



I'd never be one to argue that a modern expensive bike isn't a very nice thing to ride . . . but 90% of the weight and aerodynamics is going to be related to the shape and position of the engine on that bike. 

We have an annual ride up a few of the city's steep 20%+ streets...this year a guy on a 20+ year-old aluminum frame was beating all the guys on new carbon bikes by 100-200 feet on every hill.  He was about 6'2" and 140lbs.  I enjoy fried chicken a little too much to contend for local bragging rights. 

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1205 on: July 03, 2018, 12:28:44 PM »
As a 90+kg rider with a sprinter's power profile, I can't say I approve of course profiles that look like crypto price histories. I'm more of a fan of routes that look like the histories for cash funds.

Orin!

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1206 on: July 05, 2018, 02:14:14 AM »
I have lost 5k on crypto. 5.5k is my current value. I plan to just hold onto this variety of holdings as I do have long-term belief in it.

Otherwise I have been busy selling tradelines, signing up for bank bonuses and credit card bonuses over the last two months have made 7k there so I consider this has covered the hole my crypto investment made short term.

Bicycle_B

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1207 on: July 05, 2018, 12:53:51 PM »
I have lost 5k on crypto. 5.5k is my current value. I plan to just hold onto this variety of holdings as I do have long-term belief in it.

Otherwise I have been busy selling tradelines, signing up for bank bonuses and credit card bonuses over the last two months have made 7k there so I consider this has covered the hole my crypto investment made short term.

Great report, @Orin! !

Good luck on all of your adventures.

Orin!

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1208 on: July 05, 2018, 01:40:12 PM »
I have lost 5k on crypto. 5.5k is my current value. I plan to just hold onto this variety of holdings as I do have long-term belief in it.

Otherwise I have been busy selling tradelines, signing up for bank bonuses and credit card bonuses over the last two months have made 7k there so I consider this has covered the hole my crypto investment made short term.

Great report, @Orin! !

Good luck on all of your adventures.

Thank you !

If someone put enough energy into it, they could achieve financial independence just off bank bonuses, credit card sign ups and tradelines.

I mean - isn’t that what banks do?

The banking system is too rigged for them to profit in. It is also inefficient and too regulated which is why I believe in long term value of crypto.

LurkingMustache

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1209 on: July 09, 2018, 05:15:17 PM »
I have lost 5k on crypto. 5.5k is my current value. I plan to just hold onto this variety of holdings as I do have long-term belief in it.

Otherwise I have been busy selling tradelines, signing up for bank bonuses and credit card bonuses over the last two months have made 7k there so I consider this has covered the hole my crypto investment made short term.

Great report, @Orin! !

Good luck on all of your adventures.

Thank you !

If someone put enough energy into it, they could achieve financial independence just off bank bonuses, credit card sign ups and tradelines.

I mean - isn’t that what banks do?

The banking system is too rigged for them to profit in. It is also inefficient and too regulated which is why I believe in long term value of crypto.

Legitimately curious in how you could possibly average 7k in churning/tradelines in two months.  I've done tradelines and commissions on them at least for what I saw was about $100-$200 per user, and at most I'd end up with 4 in a month.  Banking bonuses typically pay quarterly or every 180 days.  Would love to hear what else you are doing!

waltworks

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1210 on: July 09, 2018, 09:52:14 PM »
Legitimately curious in how you could possibly average 7k in churning/tradelines in two months.  I've done tradelines and commissions on them at least for what I saw was about $100-$200 per user, and at most I'd end up with 4 in a month.  Banking bonuses typically pay quarterly or every 180 days.  Would love to hear what else you are doing!

I am also curious about this - my spreadsheet says I've had 54 different credit cards (some repeats before Chase cracked down) over roughly the last 5 years. I've made about $21k in bonuses, plus maybe $10k in normal cashback. That's great, but it's $6k a year, not FI money. It also winds down after a while - I still get the occasional Amex offer, and I have a ton of Hilton points and other non-cash rewards - but I can't actually get much in the way of signup bonuses anymore.

Now, if the Chase rinse-and-repeat cards were still an option, you could kill it. Bummer.

Bank bonuses (if you have plenty of spare cash, which most folks here do) can get you maybe 500 bucks a quarter if you spread money around and spend a lot of time on it. Again, not enough to be FI, and quite a bit of work to boot (in fact, probably less than most of us make at our day jobs).

I don't know jack about tradelines, but I'd be pretty shocked if you could do more than $500 a month or something.

I guess if you did all of it simultaneously, you could squeak out $10k a year until you started running out of credit card bonuses.

But maybe I'm missing something?

-W

Orin!

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1211 on: July 12, 2018, 11:37:40 PM »
@waltworks
@LurkingMustache

Credit cards:
Chase Sapphire - $550 for 4K spend with adding one AU
Amex PGR - 50k Amex points for 1k spend. Sold points for $625

Bank bonuses:
Chase - $300
Disc savings - $200
Disc savings player 2 - $200
Valley National Bank - $200
Suntrust - $500
Memory bank - $100
PNC - $200
TD - $150
Hancock Whitney - $300
Elements - $200
5/3rd - $250
Fidelity - $200
Chase player 2 - $200

All bank bonuses posted 5/15 to present.
I started applying for them approx 4/15.

Tradelines:
9 lines available. 28 slots sold. 16 slots I sold myself. 12 I sold through two tradeline companies. I turned down two recent buys from one of the tradeline companies as I need to wait three weeks as I am currently maxed out the lines per card in a two month time period (average 3 per line which is on the slightly aggressive side).

The above equals 7.8k (tradelines, bank bonuses and cc bonuses).

It is on the aggressive side and the bank bonuses could not be maintained at that rate every three months. Neither could tradelines as I would not routinely do more than 2 per line per 2 months.

But if you had a player 2 to work with (a spouse or friend or family member) it could be done 3-4K every three months.

waltworks

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1212 on: July 13, 2018, 01:43:46 AM »
Sure, but lots of what you're doing (especially the Chase stuff) is one time only. Trust me, I know.

Amex can be gamed a bit more as they're desperate for business lately, but all the other stuff you're doing with cards and bank bonuses can't easily be repeated. It's great while it lasts, though. I've probably made $10k off of Chase (over many years), so I understand why they won't give me bonuses for anything anymore.

To be clear: kudos. I did the exact same things for a couple of years (though not the credit line thing). It's a nice kick of free cash. It's not, and will never be, a way to be FI on it's own, however.

-W

Orin!

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1213 on: July 17, 2018, 07:50:57 PM »
Back to the thread topic - bitcoin up 9% in last 24 hours. Think a bull run is on?

sol

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1214 on: July 17, 2018, 08:17:11 PM »
lol.

No, I don't think a bull run is on.  This thread is dead for a reason.

seattlecyclone

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1215 on: July 17, 2018, 09:17:06 PM »
Is there any actual fundamental reason cited for the ridiculous run-up, or is it just the same old people manipulating prices again?

Syonyk

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1216 on: July 18, 2018, 11:07:40 AM »
Is there any actual fundamental reason cited for the ridiculous run-up, or is it just the same old people manipulating prices again?

It's the... you know, markets, stability, crypto, future blockchain based app ecosystem things!

maizeman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1217 on: July 18, 2018, 11:27:36 AM »
So I can tell you the reasons it's being attributed to. However, keep in mind this is just like those articles written every day about the the stock market went up or down. If the market moved the opposite direction each day, people could certainly articles with just as much/little logic:

-The Financial Stability Board (which is tied in to the G20 somehow?) put out a report that said "bitcoin and cryptocurrencies do not currently pose a material risk to the global financial system."

-Blackrock, whose CEO previously had a lot of negative things to say about bitcoin announced they are investigating the potential for investing in cryptocurrencies/blockchain applications (yes this is as hand wavy as it sounds).

-Goldman Sachs lost their previous CEO and appointment their current COO to the role, who was seen as more positive on bitcoin than the outgoing guy.

Anyway, I suspect all three are just so stories that people have identified after the fact to explain the way the markets moved. *shrug*

jmecklenborg

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1218 on: August 14, 2018, 11:10:44 PM »
I just re-watched this interview from the peak of Bitcoin hype in December 2017.  Look at the comments...everyone's talking about how dumb Joe Rogen is.  Pretty much all of those commenters lost money -- some of them a lot of it -- just a few weeks later:
https://www.youtube.com/watch?v=7JSEiCl136Q

Whoever this guy is who they interviewed saw a ton of money disappear.  Ripple, for example, is down 90%.  From over $3 to just 26 cents.  How does Ripple now recruit new employees?  It's like working for Myspace. 

The guy I knew who was up well over $100,000 on ETH is now only up $20,000.  In just a few months he went from being an object of jealousy to a bit of a joke.  Why didn't you sell when all those ETH's you bought at $50 were worth $1,400?  It's all so obvious in hindsight. 

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1219 on: August 15, 2018, 03:32:38 AM »
I read the other day that even though the Turkish lira is in free fall, with commentators seriously discussing the possibility of capital controls or an IMF intervention, it has still held value better so far in 2018 than bitcoin.

maizeman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1220 on: August 15, 2018, 06:16:06 AM »
Hahaha. You're not wrong.

Bitcoin is -54% since the end of December. Turkish Lira is -38%. Of course last December is about the peak of bitcoin. Going back twelve months bitcoin is +54% and the Turkish Lira is -43%.

dividendman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1221 on: August 16, 2018, 02:56:57 PM »
I wonder if Top is in for bitcoin.

Syonyk

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1222 on: August 16, 2018, 03:18:13 PM »
I wonder if Top is in for bitcoin.

Local top was in a few months back around $17k or so (yes, it bubbled along to $20k and you couldn't get much through the network at that point, so it wasn't a useful value).

Or are you referring to the bouncing around $6k-$8k thing?

dividendman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1223 on: August 16, 2018, 05:04:59 PM »
I wonder if Top is in for bitcoin.

Local top was in a few months back around $17k or so (yes, it bubbled along to $20k and you couldn't get much through the network at that point, so it wasn't a useful value).

Or are you referring to the bouncing around $6k-$8k thing?

Oh, I was just equating this thread to the Top is in thread since they're both ridiculous for kind of opposite reasons :)

aspiringnomad

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1224 on: November 24, 2018, 11:38:33 PM »
Any updates from crypto fiends or foes? Hanging in there? Buying the dip? Selling in panic? Smiling smugly? Patting yourself on the back for talking friends and family out of their crypto "investments" during the 2017 holidays?

v8rx7guy

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1225 on: November 25, 2018, 07:37:59 AM »
Any updates from crypto fiends or foes? Hanging in there? Buying the dip? Selling in panic? Smiling smugly? Patting yourself on the back for talking friends and family out of their crypto "investments" during the 2017 holidays?

Smiling smugly.  Couldn't talk the BIL out unfortunately!

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1226 on: November 25, 2018, 08:01:51 AM »
Crypto as an investment.  LOL

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1227 on: November 25, 2018, 08:54:44 AM »
Today on 1/8/2018: 1 Bitcoin is $14,900, 1 Monero is $400, 1 Ether is $1,150, 1 Lisk is $31, 1 LINK is $1.30 and 1 ARDR is $1.61

Once in a lifetime opportunity.

Today on 11/25/2018: 1 Bitcoin is 3,700, 1 Monero is 55, 1 Ether is 109, 1 Lisk is 1.29, 1 LINK is 27 cents and 1 ARDR is five and a half cents.

sol

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1228 on: November 25, 2018, 09:30:46 AM »
Today on 1/8/2018: 1 Bitcoin is $14,900, 1 Monero is $400, 1 Ether is $1,150, 1 Lisk is $31, 1 LINK is $1.30 and 1 ARDR is $1.61

Once in a lifetime opportunity.

Today on 11/25/2018: 1 Bitcoin is 3,700, 1 Monero is 55, 1 Ether is 109, 1 Lisk is 1.29, 1 LINK is 27 cents and 1 ARDR is five and a half cents.

This is the best laugh I've had in days.  Thanks rbr.

Also hilarious, looking at Tonyahu's post history, is his report of going all in on crypto around June and then this little gem:

I expect the market capitalization to be over 1 T by the end of 2019, current at 225B.

Just for reference, today's bitcoin market cap is about 68B, or down a further 70% since the day he was predicting we would see a 444% increase.

seattlecyclone

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1229 on: November 25, 2018, 10:30:41 AM »
Today on 1/8/2018: 1 Bitcoin is $14,900, 1 Monero is $400, 1 Ether is $1,150, 1 Lisk is $31, 1 LINK is $1.30 and 1 ARDR is $1.61

Once in a lifetime opportunity.

Today on 11/25/2018: 1 Bitcoin is 3,700, 1 Monero is 55, 1 Ether is 109, 1 Lisk is 1.29, 1 LINK is 27 cents and 1 ARDR is five and a half cents.

What a nice Black Friday sale! Buy buy buy!!!!1!

theolympians

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1230 on: November 25, 2018, 11:21:49 AM »
I've been a crypto-skeptic since it began. Why so many options?

In once sense it is a throwback to the days of yore when banks would print their own money. That creates a problem for the user (like crypto) as to who will accept it as payment. Not a good place to be then, or now.

Crypto essentially undermines legitimate currencies. It's best use is to avoid tracking and taxes. My opinion is that it is mostly used by criminals; and speculated on by the get-rich-quick types. IMO for John Q. Public there are no reasons to replace the dollar.

maizeman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1231 on: November 25, 2018, 12:09:17 PM »
Any updates from crypto fiends or foes? Hanging in there? Buying the dip? Selling in panic? Smiling smugly? Patting yourself on the back for talking friends and family out of their crypto "investments" during the 2017 holidays?

Relaxing because I don't spend nearly as much time debating with strangers on the internet who don't understand that the reason I get excited about cryptocurrency has nothing to do with replacing the dollar and everything to do with replacing visa/mastercard/western union (see case in point below).

The value to mining difficulty ratio zcash crossed below the break even point some time back, so I've been able to redeploy the graphics cards from my mining experiment for training neural networks, which has been a lot of fun but doesn't really relate to the topic at hand.

I don't count cryptocurrency as part of my net worth, but if I had, it would have peaked at ~5% last winter during the run up in bitcoin and is now in the 1-2% range as a result of both price declines and regular old savings growth.

Crypto essentially undermines legitimate currencies. It's best use is to avoid tracking and taxes. My opinion is that it is mostly used by criminals; and speculated on by the get-rich-quick types. IMO for John Q. Public there are no reasons to replace the dollar.

misterhorsey

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1232 on: November 25, 2018, 05:22:06 PM »
I strongly discouraged a non-investment minded friend, who was not in regular employment, from putting $1,000 into Ripple in Dec 2017, when she asked my advice.

She countered with:
- it's different to Bitcoin
- it's the future
- I don't have much savings, so I can't rely on average returns (6-7% p.a), I need to make lots of $ quick

I gave her various reasons not to, including by pointing out if you don't have much money saved up, then an average return of 6-7% is so much better than losing 90%...but I could tell my arguments weren't terribly convincing.  Although perhaps if I was encouraging it would have convinced her to buy? Who knows.

Anyway, remained pretty committed to the idea, but she decided not to buy any.

Fast forward to around September 2018, after the dust had settled, and she got back into regular employment and the cryptocurrency bubble had subsided, I updated her on how her $1,000 would have performed.  It would have become $140 at the time.  She was relieved.

I'd like to comfort myself that speculative bubbles in any investment class are fine so long as you are a seasoned investor and allocate at percentage of your portfolio you'd be happy to risk....however, it's pretty clear that these bubbles gain their traction and momentum from sucking in lots of money from people who are unlikely to understand all the risks of these kinds of investments. 

I do feel for the people who have lost out from their holdings. Greed is a motivation for investing, but so too is anxieties from the fear of being left behind/missing out. And if they were motivated to strike it big to make up for years of not saving/investing etc, this just puts them into a bigger hole.

talltexan

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1233 on: November 27, 2018, 08:39:11 AM »
I'm out of crypto now.

About $350 in the red. Could have been much, much worse, but I got out in May to switch phones, and I got out again right before leaving the continent last month. I'm grateful to have lost only that.

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1234 on: December 07, 2018, 06:30:47 AM »
https://boingboing-net.cdn.ampproject.org/v/s/boingboing.net/2018/12/05/blockchain-cruise.html/amp?amp_js_v=a2&amp_gsa=1#referrer=https%3A%2F%2Fwww.google.com&amp_tf=From%20%251%24s&ampshare=https%3A%2F%2Fboingboing.net%2F2018%2F12%2F05%2Fblockchain-cruise.html

A British journalist named Laurie Penny, who usually focuses on feminism, somehow got sent on a crypto cruise around the Mediterranean. The ensuing article is both quite funny and quite depressing.
« Last Edit: December 07, 2018, 06:39:27 AM by runbikerun »

appleshampooid

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runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1236 on: December 07, 2018, 07:21:48 AM »
Thank you - was linking on my phone and clearly copied and pasted the wrong one.

maizeman

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1237 on: December 07, 2018, 08:49:36 AM »
Indeed, quite a funny read (and worth the time to read the whole thing). The author is a very talented writer so that it'd be worth reading regardless of the topic matter.

Quote
Correlation does not equal causation, and for all I know the guy has been hip-deep in Ukrainian models somewhere offstage the whole time, but I suspect not. I suspect he has been doing what he normally does: having arguments on the internet.

...

I twice hear Pierce telling people who have clearly never licked an Amazonian frog just to see what would happen that “the first four letters of ‘EVOLVE’ are ‘EVOL.’ Reverse that and you get ‘LOVE.’”

Kahooli

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1238 on: December 07, 2018, 09:13:41 AM »
I must be one of the few who made money in crypto - and guess what it wasn't the crypto I made money on!
I got into mining, built a few rigs. I had stacks of 1080 ti boxes.

How did I make money? Sold GPUs when idiots were piling in late and paying $1200 for used $700 cards.

runbikerun

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1239 on: December 07, 2018, 09:47:00 AM »
Indeed, quite a funny read (and worth the time to read the whole thing). The author is a very talented writer so that it'd be worth reading regardless of the topic matter.

Quote
Correlation does not equal causation, and for all I know the guy has been hip-deep in Ukrainian models somewhere offstage the whole time, but I suspect not. I suspect he has been doing what he normally does: having arguments on the internet.

...

I twice hear Pierce telling people who have clearly never licked an Amazonian frog just to see what would happen that “the first four letters of ‘EVOLVE’ are ‘EVOL.’ Reverse that and you get ‘LOVE.’”

I do quite like the line "John McAfee has never been convicted of rape or murder, but -crucially - not in the way you or I have never been convicted of rape or murder."

Travis

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1240 on: December 07, 2018, 07:45:10 PM »
I must be one of the few who made money in crypto - and guess what it wasn't the crypto I made money on!
I got into mining, built a few rigs. I had stacks of 1080 ti boxes.

How did I make money? Sold GPUs when idiots were piling in late and paying $1200 for used $700 cards.

The people who struck it rich during the Gold Rush didn't go looking for gold. They sold shovels and sandwiches to all the people looking for gold.

GuitarStv

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1241 on: December 08, 2018, 08:41:52 AM »
I must be one of the few who made money in crypto - and guess what it wasn't the crypto I made money on!
I got into mining, built a few rigs. I had stacks of 1080 ti boxes.

How did I make money? Sold GPUs when idiots were piling in late and paying $1200 for used $700 cards.

The people who struck it rich during the Gold Rush didn't go looking for gold. They sold shovels and sandwiches to all the people looking for gold.

Casinos and brothels did pretty well too.

JAYSLOL

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1242 on: December 08, 2018, 02:32:33 PM »
It's been super interesting watching crypto currency implode over the last year.  This time last year some friends of mine on Facebook that hardly post anything were posting about how they were so right about BitCoin/Crypto and that it was on track to be "over $40k US/Bitcoin by this time next year".  I put some money in a while back, but when it trippled to around $7k/coin, I took half of it out, then took the rest out when it doubled again.  I left a couple of LiteCoin in that I'd paid $50 for, guess I should have spent those when they were worth $300+ each.  Oh well.  I only bet fun money on it, and came away ~$1700 ahead when the dust settled.  I feel for those that put everything in at the top, not so much for those that had been pushing everyone else in for years and were really smug about their "investments" this time a year ago. 

beee

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1243 on: December 12, 2018, 11:21:58 AM »
I'll just leave this link here:
Bitcoin Projection for 2018
https://www.cryptoculturemagazine.com/cryptocurrency/bitcoin-projection-for-2018/

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Based on these figures, here is a summary and average of these predictions: $43,138. Wow! Amazing to consider that at the current value of just under $8,000, that’s a speculative return of 539%!

Todays BTC price: $3,433

sol

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1244 on: December 12, 2018, 11:50:57 AM »
I'll just leave this link here:
Bitcoin Projection for 2018
https://www.cryptoculturemagazine.com/cryptocurrency/bitcoin-projection-for-2018/

Quote
Based on these figures, here is a summary and average of these predictions: $43,138. Wow! Amazing to consider that at the current value of just under $8,000, that’s a speculative return of 539%!

Todays BTC price: $3,433

Their percentage prediction was almost exactly right, except for a factor of ten in the wrong direction.

Telecaster

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1245 on: December 12, 2018, 02:28:04 PM »
That's nothing.  John Maafee predicts Bitcoin will be at $1,000,000 by the end of 2020.   

https://twitter.com/officialmcafee/status/935900326007328768

That my friends, is how you really pump up the speculative return.   

frugledoc

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1246 on: December 12, 2018, 02:40:09 PM »
That's nothing.  John Maafee predicts Bitcoin will be at $1,000,000 by the end of 2020.   

https://twitter.com/officialmcafee/status/935900326007328768

That my friends, is how you really pump up the speculative return.

He offers to eat his dick if he’s wrong.  Hard not to trust his opinion

beee

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1247 on: December 13, 2018, 10:19:54 AM »
That's nothing.  John Maafee predicts Bitcoin will be at $1,000,000 by the end of 2020.   

https://twitter.com/officialmcafee/status/935900326007328768

That my friends, is how you really pump up the speculative return.

He offers to eat his dick if he’s wrong.  Hard not to trust his opinion

nah, he already found a way out of his promise:
https://twitter.com/officialmcafee/status/1071395711244267525

BrandNewPapa

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Re: OFFICIAL: Blockchain / Crypto-Currency Portfolios and Discussion
« Reply #1248 on: December 14, 2018, 10:35:52 AM »
I recently sold my Bitcoin position with the constant downturn. I got in pretty early, with expectations of speculation. Overall I made about $2k. Do I regret not selling when I could have cleared nearly $20k? Not really. I made money and had fun, plus I didn't have much invested to begin with.

I've still got some money in ETH, LTC, and a few others. They are sitting at slightly under the break even point. I think I'm going to let them ride and see what happens. Even if they all go to zero, I'll still be positive with the money from BTC.

I might reinvest some back into BTC if it seems like the market is done tanking.