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The New Coffee Room

  1. TNCR
  2. General Discussion
  3. The Bitcoin/Crypto Thread

The Bitcoin/Crypto Thread

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  • jon-nycJ jon-nyc

    I know you’re not talking about me since I’m not a crypto bug, but it’s worth pointing out that I didn’t laugh at you for buying gold, I laughed at you for telling people to sell stocks and buy gold within 48 hrs of this century’s low water mark of the S&P.

    LarryL Offline
    LarryL Offline
    Larry
    wrote on last edited by Larry
    #34

    @jon-nyc said in The Bitcoin/Crypto Thread:

    I know you’re not talking about me since I’m not a crypto bug, but it’s worth pointing out that I didn’t laugh at you for buying gold, I laughed at you for telling people to sell stocks and buy gold within 48 hrs of this century’s low water mark of the S&P.

    No, I wasn't talking about you. But my advise regarding getting out of the stock market wasn't tied to any certain time frame. I just view the stock market as being barely a full notch above bitcoin as far as investment stability. I don't think anyone should put their money into other people's hands, to "buy things that they might possibly wake up one morning and find that it shit canned overnight...

    1 Reply Last reply
    • HoraceH Offline
      HoraceH Offline
      Horace
      wrote on last edited by Horace
      #35

      I'd probably have some money invested in bitcoin if my brokerage transacted it. But they don't, and I'm not motivated enough to open a robinhood account.

      Education is extremely important.

      1 Reply Last reply
      • LuFins DadL Offline
        LuFins DadL Offline
        LuFins Dad
        wrote on last edited by
        #36

        Woohoo! I got a $5.00 Bitcoin balance yesterday for signing up. It’s already up to $5.36!

        The Brad

        1 Reply Last reply
        • LuFins DadL Offline
          LuFins DadL Offline
          LuFins Dad
          wrote on last edited by
          #37

          Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

          The Brad

          markM LuFins DadL 3 Replies Last reply
          • LuFins DadL LuFins Dad

            Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

            markM Offline
            markM Offline
            mark
            wrote on last edited by
            #38

            @lufins-dad said in The Bitcoin/Crypto Thread:

            Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

            What made you select Solana?

            LuFins DadL 1 Reply Last reply
            • markM mark

              @lufins-dad said in The Bitcoin/Crypto Thread:

              Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

              What made you select Solana?

              LuFins DadL Offline
              LuFins DadL Offline
              LuFins Dad
              wrote on last edited by
              #39

              @mark said in The Bitcoin/Crypto Thread:

              @lufins-dad said in The Bitcoin/Crypto Thread:

              Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

              What made you select Solana?

              It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

              The Brad

              markM 1 Reply Last reply
              • KlausK Offline
                KlausK Offline
                Klaus
                wrote on last edited by Klaus
                #40

                How about we deploy a TNCR smart contract on a blockchain, such that we can all participate?

                The contract can involve external data (like: what is the weather on Feb 7, 2023, what is the price of AAPL two weeks after a particular sports event happened), randomness, money, ... . Could be some sort of lottery. We could play with toy money, just for fun, and for education. Or we could see whether people put their money where their mouth is by setting up bets on election results etc. 🙂

                1 Reply Last reply
                • Doctor PhibesD Offline
                  Doctor PhibesD Offline
                  Doctor Phibes
                  wrote on last edited by
                  #41

                  Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                  I was only joking

                  George KG 1 Reply Last reply
                  • LuFins DadL Offline
                    LuFins DadL Offline
                    LuFins Dad
                    wrote on last edited by
                    #42

                    Just reached my first $1.00… 1% in 6 hours….

                    The Brad

                    CopperC LuFins DadL 2 Replies Last reply
                    • Doctor PhibesD Doctor Phibes

                      Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                      George KG Offline
                      George KG Offline
                      George K
                      wrote on last edited by
                      #43

                      @doctor-phibes said in The Bitcoin/Crypto Thread:

                      Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                      Exactly.

                      What the actual hell are you guys talking about?

                      "Now look here, you Baltic gas passer... " - Mik, 6/14/08

                      The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.

                      Doctor PhibesD 1 Reply Last reply
                      • George KG George K

                        @doctor-phibes said in The Bitcoin/Crypto Thread:

                        Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                        Exactly.

                        What the actual hell are you guys talking about?

                        Doctor PhibesD Offline
                        Doctor PhibesD Offline
                        Doctor Phibes
                        wrote on last edited by
                        #44

                        @george-k said in The Bitcoin/Crypto Thread:

                        @doctor-phibes said in The Bitcoin/Crypto Thread:

                        Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                        Exactly.

                        What the actual hell are you guys talking about?

                        I’m not totally convinced they know, either

                        I was only joking

                        Aqua LetiferA 1 Reply Last reply
                        • LuFins DadL LuFins Dad

                          Just reached my first $1.00… 1% in 6 hours….

                          CopperC Offline
                          CopperC Offline
                          Copper
                          wrote on last edited by
                          #45

                          @lufins-dad said in The Bitcoin/Crypto Thread:

                          Just reached my first $1.00… 1% in 6 hours

                          That's 4% per day.

                          28% per week

                          Nice

                          1 Reply Last reply
                          • LuFins DadL LuFins Dad

                            @mark said in The Bitcoin/Crypto Thread:

                            @lufins-dad said in The Bitcoin/Crypto Thread:

                            Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                            What made you select Solana?

                            It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                            markM Offline
                            markM Offline
                            mark
                            wrote on last edited by
                            #46

                            @lufins-dad said in The Bitcoin/Crypto Thread:

                            @mark said in The Bitcoin/Crypto Thread:

                            @lufins-dad said in The Bitcoin/Crypto Thread:

                            Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                            What made you select Solana?

                            It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                            Just bought a little Solana. I am limiting my purchases by not linking any payment methods that permit large transactions. We will see where these little gambles go for a while.

                            LuFins DadL 1 Reply Last reply
                            • Doctor PhibesD Doctor Phibes

                              @george-k said in The Bitcoin/Crypto Thread:

                              @doctor-phibes said in The Bitcoin/Crypto Thread:

                              Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                              Exactly.

                              What the actual hell are you guys talking about?

                              I’m not totally convinced they know, either

                              Aqua LetiferA Offline
                              Aqua LetiferA Offline
                              Aqua Letifer
                              wrote on last edited by
                              #47

                              @doctor-phibes said in The Bitcoin/Crypto Thread:

                              @george-k said in The Bitcoin/Crypto Thread:

                              @doctor-phibes said in The Bitcoin/Crypto Thread:

                              Reading this thread makes me understand how my grandparents felt when they tried to program the VCR.

                              Exactly.

                              What the actual hell are you guys talking about?

                              I’m not totally convinced they know, either

                              My theory is that "bitcoin" and "cryptocurrency" is, at the end of the day, just Chinese MMO gold farming.

                              Please love yourself.

                              1 Reply Last reply
                              • markM mark

                                @lufins-dad said in The Bitcoin/Crypto Thread:

                                @mark said in The Bitcoin/Crypto Thread:

                                @lufins-dad said in The Bitcoin/Crypto Thread:

                                Okay, I put the money I had set aside for one of Karla’s Christmas Gifts on Solana. Let’s see if she is getting new EarPods, a diamond necklace, or a lovely card for Christmas…

                                What made you select Solana?

                                It’s probably Ethereum’s biggest competitor and can handle more transactions than Ethereum. It’s been listed in many of the top 10 lists and has shown pretty consistent growth. This is going to be a trial run for me, so I wanted a currency that would have a little bit of volatility but should at least maintain a pretty safe return. I actually got it somewhat on the cheap today, but it’s still dropped since then, lol. Ethereum is having a good day!

                                Just bought a little Solana. I am limiting my purchases by not linking any payment methods that permit large transactions. We will see where these little gambles go for a while.

                                LuFins DadL Offline
                                LuFins DadL Offline
                                LuFins Dad
                                wrote on last edited by
                                #48

                                @mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…

                                The Brad

                                89th8 1 Reply Last reply
                                • KlausK Offline
                                  KlausK Offline
                                  Klaus
                                  wrote on last edited by Klaus
                                  #49

                                  Now that I've learned more about the whole thing and have programmed a few smart contracts myself, I've also bought some Ethereum. This whole distributed finance thing looks really cool, I must say. Time to buy some non-fungible tokens!

                                  AxtremusA 1 Reply Last reply
                                  • Catseye3C Offline
                                    Catseye3C Offline
                                    Catseye3
                                    wrote on last edited by
                                    #50

                                    Bitcoin hit an all-time high of $68,530.34 early Tuesday, according to CoinMarketCap.

                                    More: https://www.cnn.com/2021/11/08/business/bitcoin-ethereum-price-new-record/index.html

                                    Success is measured by your discipline and inner peace. – Mike Ditka

                                    1 Reply Last reply
                                    • LuFins DadL LuFins Dad

                                      @mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…

                                      89th8 Online
                                      89th8 Online
                                      89th
                                      wrote on last edited by
                                      #51

                                      @lufins-dad said in The Bitcoin/Crypto Thread:

                                      @mark I have mine set that I have to authorize every transaction. This feels like the Wild West or the very first days of the Dow Jones…

                                      I do a lot of things based on gut.

                                      My gut says crypto is absolutely here to stay, in one form or another. BTC and ETH are "too big to fail" (kinda) and will be here indefinitely. I think NFTs have a massive future, too. At least conceptually, the first way to really provide "unique ownership of a digital asset"... I think will grow in importance considering we'll forever be in a digital world going forward.

                                      1 Reply Last reply
                                      • KlausK Offline
                                        KlausK Offline
                                        Klaus
                                        wrote on last edited by Klaus
                                        #52

                                        My impression is that Blockchain technology will really take off when "security tokens" become a thing on a large scale, that is, if things like stock, bonds and Fiat currencies can also be treated just like ETH or BTC and integrated into smart contracts and dApps. That works to some degree with US dollar already, and from what I understand, a full-scale integration of securities is in the making.

                                        1 Reply Last reply
                                        • LuFins DadL Offline
                                          LuFins DadL Offline
                                          LuFins Dad
                                          wrote on last edited by
                                          #53

                                          Yeah, but at some point you do need to see some regulatory policies come into play. You can’t have Shiba Inu types of stunts occurring all of the time.

                                          The Brad

                                          89th8 1 Reply Last reply
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