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Took the plunge - I now own Bitcoin...


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#46 Guest_The Southern Bandit_*

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Posted 10 January 2018 - 05:14 AM

I'll just stick to playing the lottery once in a while, went to a Casino in Glasgow last Oct after an Aussie Floyd tribute show, I have friends who went for Bitcoin, and to a person they always brag about how rich they are or are going to be, its quite sad.

If you are living comfortably in life, why not be happy that way, why the need for more more more ... I really dont get it?

We are all different I suppose, lived through the oil boom in Scotland here and often refused overtime being a single bloke, that must have been hard for the guys there that worshipped the £ and the overtime ... but I stood my ground, there is more to life than greed and profit and money making, there really is, there is having contentment too ... I know, stupid concept :)

Jennings you are a great guy, the best of guys even, but was it not just the other day you were bragging about a new highly paid job ETC .... that's awesome man, but now you are talking Bitcoin profit when the ship has sailed and MAYBE making $300 dollars?

Whutt? :)

Going back to my story of my first time at a Casino in Glasgow, did do that last October after a Rock show, it was just after that big Las Vegas in America massacre and as consequence even in Glasgow Scotland, security was ultra tight, we got in OK though, and to be honest it was my first real experience of gambling big style ...

Was shocked, one Lady at a table had been there since 6PM, we walked in about 1AM about 7 hours later from her after the concert, we left at about 3AM, that Lady was still playing and giving same odd shrieks of delight, she was on first name terms with all the staff, nobody is telling me she walked out of there winning ... it was really sad.

Bitcoin ... the boat has sailed I think, but no regrets not getting into it, it all seems rather desperate?

Some pics of my episode at Glasgow Casino ... gambling, nah, once a week on the Lottery does me :)

PwTH4sg.jpg

ngY1h0L.jpg

 


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#47 TonyT

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Posted 10 January 2018 - 09:11 AM

Mine ( Shares ) I don't see as gambling, simply a way to boost savings over inflation or what the banks pay out, I see it as why should the bank pay me 2% or whatever it is per year on some of my savings and invest it to make monies for themselves, when I can cut out the middleman and earn 25% plus per year myself. I am like you, money does not drive me, I could have taken my licences and worked for an airline if that was the case and have been on three times plus my current wage, but I would rather be happy than rich.

 

Oddly I do the lottery too, but not every week, just when the mood takes me. Casinos are for mugs, the only real winners are the house.... even worse I was advised by a friend to buy Bitcoins several years ago when they were pence...... i never did.. but i do not regret that decision either,


Edited by TonyT, 10 January 2018 - 10:50 AM.


#48 MostlyRacers

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Posted 10 January 2018 - 01:18 PM

A small story that sums it all in my view, and is a strong hint of where this is headed ...

A French reality-show starlet, whose IQ is definitely less than her chest-size in inches, and otherwise known to have stabbed her boyfriend with a kitchen knife, has published a video on her Instagram account, where she claims the Bitcoin investment to be absolutely foolproof and to « go there with closed eyes » ...

Now, this is just the sort of endorsement I needed to tip me over :rofl: ...

Hubert
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#49 RLWP

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Posted 10 January 2018 - 06:26 PM

A small story that sums it all in my view, and is a strong hint of where this is headed ...

A French reality-show starlet, whose IQ is definitely less than her chest-size in inches, and otherwise known to have stabbed her boyfriend with a kitchen knife, has published a video on her Instagram account, where she claims the Bitcoin investment to be absolutely foolproof and to « go there with closed eyes » ...

Now, this is just the sort of endorsement I needed to tip me over :rofl: ...

Hubert

 

Right, I'm in. Impressive anatomy always convinces me

 

Richard


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We are normal and we want our freedom!

#50 MostlyRacers

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Posted 10 January 2018 - 06:35 PM

Right, I'm in. Impressive anatomy always convinces me
 
Richard


Below 40 inches is not always that impressive :) ... As for the IQ ...

Hubert
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#51 cbk57

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Posted 10 January 2018 - 06:59 PM

I have thought about buying over the last couple years, I was tempted when it dropped to 300 after the MtGox fiasco. However, I never understood how to buy it and redeem my bit coins for US$. Also really a bit coin should be worth a 1$ giv or take a bit. It is a currency more so than a technology or something that should inherently add value over time. Crypto currency certainly makes sense as a concept especially for making transactions globally and between curriencies. I will be looking for ways to invest in technology or companies that make technology related to block chain but bitcoin as an investment vs gambling just does not make sense. Right now it more resembles a slot machine than any kind of investment. It just happenes that at the moment that gamble keeps hitting big.

I have turned on CNBC lately and it seems that they can only talk about crypto currency at the moment. I am more interested in how to respond to the tax code changes for my long term investing over gambling.

#52 BarryWilliams

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Posted 23 January 2018 - 12:18 PM

Problem is you can say that about any sort of investment - just ask anyone who had any money in Enron. Or Lehman Brothers. Or Northern Rock. Or Parmalat. Or WorldCom. Or....

I have to disagree.  As an investment professional for 30 years I have never lost any of my client's money on any of those mentioned and more besides.  Investing need not be a gamble but people do use poor judgement, driven to buy the wrong thing at the wrong time for the wrong reasons. 

 

Bitcoin is simply lost money waiting to happen not much better than a ponzi scheme.


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#53 MARU5137

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Posted 23 January 2018 - 02:36 PM

Jennings..

Brave man!

:hmmm: :DodgeBall:
Of course you ARE AWARE of Arizona bringing in New laws in 2018.... kids can't tan etc..

BUT this ONE interested ME and caught MY eye...


SB1091 and SB1145 – Making Bitcoin taxable: These bills would consider capital gains from Bitcoin and similar virtual currency investments to be taxable income in Arizona. You could also pay your Arizona taxes in Bitcoin.

Edited by MARU5137, 23 January 2018 - 02:41 PM.

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Res Non Verba .

La calma è la virtù dei forti !

Potius Mori quam foedari.


#54 vince14

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Posted 23 January 2018 - 03:56 PM

I have to disagree.  As an investment professional for 30 years I have never lost any of my client's money on any of those mentioned and more besides.  Investing need not be a gamble but people do use poor judgement, driven to buy the wrong thing at the wrong time for the wrong reasons. 

 

Bitcoin is simply lost money waiting to happen not much better than a ponzi scheme.

Well I made a decent return from Bitcoin, so if it is a Ponzi scheme then I did rather well out of it...

 

Besides, it's only looking like a Ponzi scheme because people are viewing it as an investment, which it was never designed to be. It has been getting along just fine for about a decade before people started viewing it as an investment/bubble/ponzi scheme, and it (and other cryptocurrencies) will get along just fine when the current hyperbole moves on.


Edited by vince14, 31 January 2018 - 11:19 AM.


#55 alaninaustria

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Posted 23 January 2018 - 04:14 PM

The only really good investment I make is in the finite time I have been given in this life - each day... enjoy life, be content with what you have, refuse materialisim and unchecked consumption... invest in yourself NOW - enjoy your life, youth and good health... everything else is not important!! Be generous with others and seek enjoyment from the basics in life - today my wife and I walked to the grocery store, took my backpack with and filled it with the basics... watched the sun get lower on the horizon, listened to the birds, enjoyed each others company and talked about how lucky we are to be together - here and now... if money, status and wealth are your Gods than have at it people... being content with the basics of a good life are a more worthy pursuit for me! Nothing disrespectful to my American brethern - God knows I love America - but I do believe that American culture does foster and promote an unhealthy preoccupation with wealth, money & status... not meant to be negative, just an observation from the outside looking inwards! Be content, grateful, mindful and aware of ALL the great things that daily life gifts each of us everyday...
Cheers
Alan
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#56 vince14

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Posted 23 January 2018 - 05:26 PM

True...but it's easier to enjoy the simple things in life when you don't have to choose between paying the rent or feeding the kids...



#57 mmaben

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Posted 24 January 2018 - 12:32 AM

           it (and other cryptocurrencies) will get along just fine when the current hyperbole moves on.

 

Don't hold your breath on that  :rolleyes: :popcorn:


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I just like airplanes

 

Mike                        Smirnoffcat    RomanianG-2

 


#58 Daniel460

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Posted 24 January 2018 - 06:19 AM

 I've been watching the Bitcoin websites since Jennings started this thread. It has been erratic, started around 16.8k and tonight it's around 10.6k. I was curious and like everyone looking to maybe up my retirement funds. It doesn't look good....

 

 I bought a bit of silver when it was low.....now it's lower.... :hmmm:

  I always seem to get on the downside of a good thing..... :doh:

 

 Guess I should have bought a bunch of Revell JU-88A-4's and a few of those Arado 196a's   :shrug:

 

 Dan


Edited by Daniel460, 24 January 2018 - 06:20 AM.

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#59 vince14

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Posted 24 January 2018 - 07:59 AM

Don't hold your breath on that  :rolleyes: :popcorn:

 

73903dc2-019d-4e85-8719-a9f5002e8aa5_tex



#60 mmaben

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Posted 25 January 2018 - 12:49 AM

Understanding the concept of bitcoin is not difficult.

Understanding why people are willing to invest so much

money (cumulatively) on something that is backed by

nothing more than trust, seems difficult to many people

with more experience/background in currencies than

you or I.

 

Yes I know that currencies today aren't backed by anything

real either. It all boils down to the question, who/what do you trust.


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I just like airplanes

 

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