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I've only encountered one person with any sizeable amount of bitcoin as an investment and they're pulling it out in chunks just fine. He's capped at 10k a day in trading, but he's still getting his funds out.
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Oct 24, 2017 13:17
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Jose posted:that kid who literally fried his brain mining bitcoin was a bit sad but also funny Is mining something you have to do actively? I thought it was just a set it up and wait for your computer to catch fire sort of thing.
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Oct 24, 2017 13:44
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They should build mining rigs in Alaska where it's cold! The Great Alaska Bitcoin Pipeline!
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Oct 24, 2017 13:54
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Or go back a little further and buy tons of Amazon stock. Our go back even further and invent Amazon!
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Oct 24, 2017 23:32
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Justin Tyme posted:For real though if you got a bunch of buttcoin, couldn't you easily cash it out by buying tons of gold/silver/platinum jewelry on overstock.com seeing as that's like the only retail goods store that accepts buttcoins, then taking it to a cash4gold place to melt down? You'd assume a lot of loss, certainly. Pffft, and have the price of gold go down to watch your profits slip away? Nice try, Scrooge McDuck.
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Oct 24, 2017 23:53
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JediTalentAgent posted:The government should secretly be trying to buy up all the bitcoin and then figure out something nefarious to do with it. The government doesn't need to launder it's drug money.
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Nov 9, 2017 14:35
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mojo1701a posted:But has anyone said Bartcoin? Bortcoin?! You got to be kidding me...
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Nov 19, 2017 08:38
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Costa Rica or Panama are where I'm planning on retiring. Just need to learn Spanish and I'm good!
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Nov 24, 2017 23:14
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Let's put America back on the BTC standard.
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Nov 25, 2017 17:57
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spasticColon posted:Is there any chance or risk of a bitcoin crash triggering a stock market crash? Probably not, unless you include GBTC. Maybe if it happens after more businesses start putting effort into accepting or using them. Right now though, no.
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Dec 11, 2017 04:52
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Soooooo, I apparently bought $1k worth of LiteCoin when I was drunk on Saturday night.
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Dec 11, 2017 16:33
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EAT FASTER!!!!!! posted:Your position is up like $300, why don't you LiQUiDaTe? You're i the Stock and Trading thred with me. The original plan I was kicking around was to just take profits, if any, once a month.
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Dec 11, 2017 17:16
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Bust Rodd posted:Sorry guys this all seems super hard to parse, but as of today, with Bitcoins being in the tens of thousands, what is he most secure and legitimate way to turn it into cash? Are their real people cashing out 5-6 bitcoins to the tune of 60grand in cash anywhere? I know one in real life person that is transacting tens of thousands of Bitcoin liquidation trades per week with no problems at all. Aside from it taking a few business days to go from Bitcoin->Cash in his digital wallet->cash in his bank account there doesn't seem to be any issue at all.
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Dec 11, 2017 18:03
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Sickening posted:My friend of a friend knows a guy who legit gets money out no problem. I was my guy's banker though. So I know it does work, but you have to deal with their "processing times" and they limit the amount of transactions you can do per day.
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Dec 11, 2017 19:19
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Andy Dufresne posted:I have found myself just watching the BTC/USD chart on gdax.com the last few days and it is just fascinating. For all the charts that get posted here of wild price swings I feel like those posts could be made every single day. In the last day and a half btc has been as low as $13,500 and as high as $17,000. 25% price swings aren't even newsworthy anymore. The serious long term investor wouldn't worry about the day to day.
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Dec 11, 2017 20:00
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Hiigaran0 posted:You can be drat sure the serious long term investor would care that an asset is fluctuating within a single day by 25% and has been for weeks. Incorrect. Now that I have apparently joined the ranks of the long crypto I can speak with authority that I'm not worried about the wild swings I've encountered in the 27 hours I have been a part of this. It should be noted that I also was not aware of my position until this morning when I checked the stock thread.
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Dec 11, 2017 20:46
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EAT FASTER!!!!!! posted:SK I have been smiling about your accidental long play all day. Me too, honestly. My coworkers were teasing me about it as well. One of them told me to put my Litecoins in a mayonnaise jar and bury them in a vacant lot. I got a good chuckle out of that one.
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Dec 11, 2017 21:33
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temple posted:How did you guys get so smart at money trading stuff? I know bitcoin is a scam because its nerd fun money. Unless you're an engineer or a doctor (they immediately know everything about everything they touch, just ask them) the same as everyone else. By reading, studying, or experience. But as I prove almost every single month, having knowledge just makes your stupid decisions funnier. Solice Kirsk fucked around with this message at 22:55 on Dec 11, 2017 |
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Dec 11, 2017 22:53
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Moridin920 posted:lol at anyone who trades at 100x margin they must have balls of steel SEC has no authority. That's a selling point.
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Dec 12, 2017 00:13
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Moridin920 posted:lol Well this doesn't bode well with my new found hatred of fiat currency and mistrust of banking and government institutions. I do believe I will cash out of my Litecoins and invest in something more secure such as emeralds or bars of silver.
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Dec 12, 2017 00:24
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I plan on spending my LTC on Amazon in the form of solid gold jewelry in 4 months once the price has gone up 2000%.
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Dec 12, 2017 01:29
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Burt Sexual posted:Can I have a baller bracelet of questionable lead composition? I shall buy for you one of these.
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Dec 12, 2017 01:41
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eonwe posted:i guess at the moment he is up like about anyone Tell him to liquidate however much to pay down the debt and then ride the bubble with just his gains.
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Dec 12, 2017 01:43
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Burt Sexual posted:Solice, I’ll take the cod piece. I was joking before Done, but I'm shipping it to you filled with ants.
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Dec 12, 2017 03:42
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Bardeh posted:Litecoin is now going nuts, presumably because Bitcoin has been getting a lot of media attention, and you can easily trade Litecoin on Coinbase. It's up like $100 or more in a day so far. However, as far as I can tell, Litecoin actually does a much better job at being a currency than Bitcoin with fast and cheap transactions.  
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Dec 12, 2017 14:31
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Went to take my profits and was met with this! Everything is going according to plan!
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Dec 12, 2017 14:44
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I'm in last place. Went 1-13. That's what happens in a dynasty league when you try to win the year before by trading most of your picks.
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Dec 12, 2017 14:54
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punk rebel ecks posted:How do I sell them directly? And to who? Well, if it's anything like selling Legendaries on Diablo 2's closed servers......
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Dec 13, 2017 00:37
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Doesn't the US look at BTC as property? So hacking a key and taking it very well could result in criminal charges. Even if the flag in the courtroom has fringes.
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Dec 13, 2017 17:35
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Yeah, I was gonna say that once you put in the trade it locks in the number of coins you bought. It just takes a while for them to show up. At least that's how it worked for me.
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Dec 14, 2017 14:56
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You know the old saying, "When the Swedish banks are giving you stock advice it's time to get out."
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Dec 15, 2017 14:48
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Fartbox posted:I wish I was rich Sir, I'd like to subscribe to your newsletter.
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Dec 16, 2017 14:04
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Nessus posted:Shotcoin: Backed By Lead Wanna start "Plinkcoin?" We can say it's "the blockchain backed cryptocurrency for the avid marksman."
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Dec 18, 2017 03:28
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I have met grown fully functional adults that think my bank prints money.
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Dec 18, 2017 20:43
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Vlonald Prump posted:goons how hard can it be to get on this crypto gravy train? Let's make our own. Move over bitcoin, here comes Goonbux!!! Goondoubloons or get the gently caress out.
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Dec 20, 2017 23:56
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I stand by my assumption that when the bubble actually bursts its not going to follow that graph at all. It'll be a total free fall over one day with no warning. That graph could be applied a few times to this thing and the speculation just keeps bringing it back up. Maybe a country will decide it's undermining it's own currency and declare it treasonous. That should do it.
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Dec 23, 2017 23:45
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Jikes posted:Well, thread, I have just found that I have a whole bitcoin in a wallet that I forgot existed on an exchange that I thought had vaporized. If I had remembered it six weeks ago, I'd have 20k, lol! Transfer to Litecoin then sell it off immediately. Move your BTC Cash to another exchange and rinse repeat, or let it ride if you want to keep gambling. Don't worry about fees since you basically just found a bunch of money in your jean's pocket.
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Dec 26, 2017 18:25
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Dogecoin is a better value? And once I get it to my current exchange, do I cash out or do I, the proud owner of one whole Bitcoin, now HODL like a loving champ just to see what happens next?
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Jikes posted:Words of wisdom. There is no way I'm telling anyone I know in real life about this, it was stupid luck from a decision made two years ago but I know it'll get someone to put their money in it. Still, I'm tempted to keep like $500 or so in there, just to enjoy the crypto-investor ride. More thrills than Vegas! It's surviving by witch majicks. Just take your money and run if you don't wanna keep gambling.
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Dec 26, 2017 18:56
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The Dregs posted:A dude I know just cashed in his 401K to buy mining rigs. His pregnant wife quit her job to mind the machines. How hosed is he? Please post the entire story in the Bad With Money thread please.
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Dec 26, 2017 20:24
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Isn't Bitcoin about 11 years old?
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Sep 20, 2018 17:15
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