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DPChallenge Forums >> General Discussion >> Just bought Bitcoin
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Showing posts 26 - 33 of 33, (reverse)
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12/23/2017 04:47:53 PM · #26
Originally posted by GeneralE:

Originally posted by GolferDDS:

Bitcoin is like buying penny stocks but worse. There is absolutely no regulation. It was originally created to allow criminals to launder money and make illegal deals anonymously. Now a days it is full of con artists, sheisters, criminal governments, hackers, etc. etc. who are setting you up to take your money. Don’t be fooled by this “Tulip Mania” . Do not be tricked by all the hype.

You forgot the (negative) ecological impact of the huge server farms gobbling up power to "mine" more BitCoins ...


I read that hackers are hacking into the accounts of those who have downloaded the bitcoin ap into their cellphones to follow the price. The hackers are then using these cellphones to illegally mine for more bitcoins!
12/24/2017 01:15:27 AM · #27
Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)


I would like to sell you the Brooklyn bridge. Just let me have your bank account number and I will withdraw the money so you don’t have to do a thing my friend!


I have this information from a highly trustable crystal ball.
12/24/2017 06:42:33 PM · #28
Originally posted by GeorgesBogaert:

Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)


I would like to sell you the Brooklyn bridge. Just let me have your bank account number and I will withdraw the money so you don’t have to do a thing my friend!


I have this information from a highly trustable crystal ball.


We will check back in in February. I suspect the vision was actually a crack in the crystal ball! Happy Holiday:)

Message edited by author 2017-12-24 18:47:34.
02/01/2018 07:05:03 AM · #29
Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)


Looks like you need a new crystal ball! Then again, did it tell you what year?

02/01/2018 08:56:05 AM · #30
Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)


Looks like you need a new crystal ball! Then again, did it tell you what year?


But I bought it from a very trustable Nigerian business man....
02/01/2018 09:40:10 AM · #31
Originally posted by Neil:

I always thought my Nikon lenses were a good investment.

Anything that has a retail price is generally a bad investment. You have to wait too long for it to drop to the bottom of its depreciation curve to overcome the distributor/wholesale/retail differential and increase in value. Plus.....if whatever you bought is updated or improved to a point where your item is no longer the best of what it is, then it's just used.

The only exception to that is the occasional one-off item, and/or extremely desirable low production items that are never produced in enough quantity to satisfy demand.

With cars that translates into ones like Ferraris, limited production homologation issues, and certain models limited in production specifically for that reason, i.e. anniversary editions and the like. Some people got smart/lucky and were savvy enough to purchase cars like monster engine muscle cars during the oil embargo and through vision such as buying Datsun 2000 roadsters and muscle car convertibles convertibles.

Even with real estate investment, there's no silver bullet..... Prime beachfront can get wiped out in a hurricane, prime land scorched in wildfires, and even a shift in the area's demographics.

The best way to invest money is into something that you derive personal plkeasure from so that even if your item doesn't increase in value you get the smile-per-dollar factor.

That'd be my wacko concept of investment..... YMMV.
02/01/2018 02:49:25 PM · #32
Wow, I was not even born but definitely reads interesting :D

Originally posted by jomari:

In 1969 we built our first house for about $8000 AUD all up including land purchase, so $39,000 (even allowing for exchange rate) would have been substantial. (Same house would be about $250,000 AUD now.)
02/01/2018 02:50:15 PM · #33
LOL

yes, I remember those scam :)

Originally posted by GeorgesBogaert:

Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)


Looks like you need a new crystal ball! Then again, did it tell you what year?


But I bought it from a very trustable Nigerian business man....
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