Forum: MAIN FORUM - Online Sportsbetting - Mentioned in NY TIMES, WSJ, USA TODAY, & DRF. The place to discuss all kinds of sports and gambling related subjects.

Thread: Bitcoin hits new all time high, driven by institutional buying

Page 3 of 5 FirstFirst 12345 LastLast
  1. #51  
    Rx. Senior
    Join Date
    Aug 2002
    Location
    Chicago
    Posts
    7,221
    Quote Originally Posted by Willie99 View Post
    While that's an awesome chart for an investor, it also emphasizes what I believe to be a fundamental weakness. Bitcoin is intended to be a currency, not a stock. Making purchases when the value can be declining is pretty fucked up. See 17 through 18 for an extreme example.

    And I have one naive question which emphasizes my limited working knowledge with Bitcoin, can someone simply "unplug" the currency?

    FWIW, I just picked up a new client that owns a Bitcoin ATM business. I'm probably going to know a lot more about this stuff soon enough
    No one can unplug bitcoin. It's also used as a store of value.
    Reply With Quote  
     

  2. #52  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,118
    Quote Originally Posted by raiders72 View Post
    Alt coins will definitely fly similar to 2017 if the BTC price continues to rise. Not really a good time to jump in right now. Best to wait for another dip.
    You got any alts you like these days? Where is the hype at?

    Haven't read about alts since the early 2018 crash
    "Forrest Gump is getting his groove on near a beach in Australia. This shit will blow over in a month" - Enfuego on March 12th, 2020 when talking about COVID-19
    Reply With Quote  
     

  3. #53  
    Home of the Cincinnati Criminals. bigbet1234's Avatar
    Join Date
    Sep 2004
    Location
    You draft them, they book'em
    Posts
    18,738
    Quote Originally Posted by PatsFan1283 View Post
    You got any alts you like these days? Where is the hype at?

    Haven't read about alts since the early 2018 crash
    ETH would have been a good one.

    Got in on Lumen at .8c. Itís fallen some off the .21c a couple weeks ago. Hits .10c Iím scooping up more

    Thereís talk Lumen could hit $1
    Reply With Quote  
     

  4. #54  
    RX Member Biggins's Avatar
    Join Date
    Aug 2013
    Location
    usa
    Posts
    159
    Quote Originally Posted by raiders72 View Post
    Just a withdrawal to any bitcoin wallet. All is well over there so nothing really to know.
    First you need 2 forms of authentication which is a pain
    Reply With Quote  
     

  5. #55  
    Rx. Senior
    Join Date
    Aug 2002
    Location
    Chicago
    Posts
    7,221
    Quote Originally Posted by Biggins View Post
    First you need 2 forms of authentication which is a pain
    You just need google authenticator. It's still a pain but at least secure.
    Reply With Quote  
     

  6. #56  
    RX Senior
    Join Date
    Jan 2007
    Location
    los angeles
    Posts
    5,960
    Quote Originally Posted by Willie99 View Post
    While that's an awesome chart for an investor, it also emphasizes what I believe to be a fundamental weakness. Bitcoin is intended to be a currency, not a stock. Making purchases when the value can be declining is pretty fucked up. See 17 through 18 for an extreme example.

    And I have one naive question which emphasizes my limited working knowledge with Bitcoin, can someone simply "unplug" the currency?

    FWIW, I just picked up a new client that owns a Bitcoin ATM business. I'm probably going to know a lot more about this stuff soon enough
    bitcoin turned from a possible currency to something that is now recognized as a legitimate asset.
    the fact that it is now valued as an asset rather than a currency secures its adoption and value.

    the technology has been replicated in many forms of cryptocurrency and all their values are based on the reserve value of btc. btc simply legitimized the technology. another coin that can handle more transactions and is more liquid will ultimately be the new world dollar but its store of value will always be based in bitcoin's price.
    Reply With Quote  
     

  7. #57  
    Rx. Senior
    Join Date
    Aug 2002
    Location
    Chicago
    Posts
    7,221
    $30k
    Reply With Quote  
     

  8. #58  
    Home of the Cincinnati Criminals. bigbet1234's Avatar
    Join Date
    Sep 2004
    Location
    You draft them, they book'em
    Posts
    18,738
    Quote Originally Posted by raiders72 View Post
    $30k
    This is sick! Iíve been reading DOT is the next ETH. Cheap now, get while the getting is good!
    Reply With Quote  
     

  9. #59  
    RX Semi-God CHOPTALK's Avatar
    Join Date
    Oct 2004
    Location
    Homerville
    Posts
    41,497
    Any thoughts on Celsius Network
    2017 Super Bowl Champs
    Reply With Quote  
     

  10. #60  
    Home of the Cincinnati Criminals. bigbet1234's Avatar
    Join Date
    Sep 2004
    Location
    You draft them, they book'em
    Posts
    18,738
    I just dumped my Lumen. Canít seem to break past the .20c, now back in the 13c range.
    Reply With Quote  
     

  11. #61  
    RX Senior PoundFoolish's Avatar
    Join Date
    Jun 2016
    Location
    Parts Unknown
    Posts
    5,439
    bought some BTC yesterday, went to bed, woke up to almost 1k profit. This just gonna keep going up?
    Reply With Quote  
     

  12. #62  
    Home of the Cincinnati Criminals. bigbet1234's Avatar
    Join Date
    Sep 2004
    Location
    You draft them, they book'em
    Posts
    18,738
    Quote Originally Posted by PoundFoolish View Post
    bought some BTC yesterday, went to bed, woke up to almost 1k profit. This just gonna keep going up?
    Seems that way. It will level off then jump in the ALT coins.
    Reply With Quote  
     

  13. #63  
    RX Member Biggins's Avatar
    Join Date
    Aug 2013
    Location
    usa
    Posts
    159
    Quote Originally Posted by Biggins View Post
    GBTC up almost $4 today figured it would be a good day as bitcoin had a good holiday weekend
    Get your buy orders in now because this stock has to go up significantly come Monday morning damn what another holiday weekend for bitcoin
    Reply With Quote  
     

  14. #64  
    RX Local MattyMatt's Avatar
    Join Date
    Jan 2010
    Location
    Dirty South
    Posts
    17,453
    Quote Originally Posted by Biggins View Post
    Get your buy orders in now because this stock has to go up significantly come Monday morning damn what another holiday weekend for bitcoin

    Let ir roll!! I tried to tell everybody at $10...

    I don't really mess with the coins in general, too much BS and hoops for me to handle, but the stock is easy, and it's a life changer!
    Reply With Quote  
     

  15. #65  
    RX Senior PoundFoolish's Avatar
    Join Date
    Jun 2016
    Location
    Parts Unknown
    Posts
    5,439
    been buying/selling today. Just attempted to put in a buy but no one wants to sell it.
    Reply With Quote  
     

  16. #66  
    RX Junior
    Join Date
    Jun 2015
    Location
    I
    Posts
    2,539
    Quote Originally Posted by CHOPTALK View Post
    Any thoughts on Celsius Network
    excellent
    Reply With Quote  
     

  17. #67  
    RX Member
    Join Date
    Mar 2006
    Location
    los angeles
    Posts
    227
    I get paid interest payment every Monday from Celsius Network for just holding my BTC there.
    Reply With Quote  
     

  18. #68  
    RX Semi-God CHOPTALK's Avatar
    Join Date
    Oct 2004
    Location
    Homerville
    Posts
    41,497
    Quote Originally Posted by currency21 View Post
    I get paid interest payment every Monday from Celsius Network for just holding my BTC there.
    seems too good to be true .
    Lit bitconnect
    2017 Super Bowl Champs
    Reply With Quote  
     

  19. #69  
    RX Senior PoundFoolish's Avatar
    Join Date
    Jun 2016
    Location
    Parts Unknown
    Posts
    5,439
    this LiteCoin having a nice run also. Made some money with some blind luck.
    Reply With Quote  
     

  20. #70  
    RX Semi-God
    Join Date
    Jul 2007
    Location
    Boston
    Posts
    27,118
    ETH over 1k, that was quick
    "Forrest Gump is getting his groove on near a beach in Australia. This shit will blow over in a month" - Enfuego on March 12th, 2020 when talking about COVID-19
    Reply With Quote  
     

  21. #71  
    RX Member Biggins's Avatar
    Join Date
    Aug 2013
    Location
    usa
    Posts
    159
    Quote Originally Posted by MattyMatt View Post
    Let ir roll!! I tried to tell everybody at $10...

    I don't really mess with the coins in general, too much BS and hoops for me to handle, but the stock is easy, and it's a life changer!
    Good to be in huh Matty up 7.44 in two days. Now if I can win a few bets today lol
    Reply With Quote  
     

  22. #72  
    Rx. Senior
    Join Date
    Aug 2002
    Location
    Chicago
    Posts
    7,221
    Reply With Quote  
     

  23. #73  
    RX Semi-God CHOPTALK's Avatar
    Join Date
    Oct 2004
    Location
    Homerville
    Posts
    41,497
    Quote Originally Posted by bigbet1234 View Post
    I just dumped my Lumen. Can’t seem to break past the .20c, now back in the 13c range.
    ouch
    2017 Super Bowl Champs
    Reply With Quote  
     

  24. #74  
    Home of the Cincinnati Criminals. bigbet1234's Avatar
    Join Date
    Sep 2004
    Location
    You draft them, they book'em
    Posts
    18,738
    Quote Originally Posted by CHOPTALK View Post
    ouch
    I got back in at .18c, nice 104.% profit! Lol
    Reply With Quote  
     

  25. #75  
    RX Member Biggins's Avatar
    Join Date
    Aug 2013
    Location
    usa
    Posts
    159
    Quote Originally Posted by Biggins View Post
    Good to be in huh Matty up 7.44 in two days. Now if I can win a few bets today lol
    GBTC up $4.52 today you guys are missing out selling at 43.94 still very affordable
    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •