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Post by intrepid37 on Feb 14, 2024 21:58:37 GMT
About 7 or 8 years ago, I began to read and watch online content about Bitcoin. I'm still not smart enough to really understand it, but I do know that when I first started watching, a "bitcoin" was about a $700 value. I suggested to my daughter that she might want to invest in buying one or two. She didn't.
Right now, a bitcoin is valued at around $40,000. Guess I wish she had bought one.
As I said, I don't really understand how it works - but here's a video about what the possibility of it all is.
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Post by intrepid37 on Feb 24, 2024 15:33:22 GMT
I posted another video but it was disallowed by the originator.
Too bad, because it was interesting.
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Post by Guest on Feb 24, 2024 20:14:57 GMT
While doing our taxes this year I saw that they now have a spot to put "digital assets.". "Digital assets include (but are not limited to): Convertible virtual currency and cryptocurrency
Stablecoins, Non-fungible tokens (NFTs)"
A co-worker was big on Dogecoin and saw some results on his investment but ultimately lost money on trading. Im not completely sure how it works but it sounds akin to playing the stock market.
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Post by intrepid37 on Feb 24, 2024 20:40:40 GMT
Seems to me the whole point of having bitcoin is to buy one at the current value and then just keep it until it eventually it's worth a million dollars or more. Wish I'd bought one 10 years ago when it was going for about twenty bucks. I'd already be in good shape and would be anticipating being a millionaire sometime in the future.
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Post by gerald424 on Feb 25, 2024 1:28:13 GMT
Bitcoin is but, one of many "coins". It's only worth so much because it was one of the first. There are many, many more coins. They have their own exchange. Most are worth less than a penny. I mean like $ 0.0000003.
It's just another scheme to con people out of their money. No one ever mentions who oversees any of it. What commission ? Who is the chairman ?
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Post by intrepid37 on Feb 25, 2024 23:32:51 GMT
I've heard that all other crypto currencies are garbage.
Bitcoin is the only one to own. It will be the only currency left standing.
Even gold will not be as valuable to own as Bitcoin.
Or not. We'll see.
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Post by intrepid37 on Feb 27, 2024 19:54:26 GMT
Holy cow! In just the short time it's been since I started this thread, Bitcoin has gone from just under $40,000 per coin to just over $56,000 per coin!
But, according to Mac Keiser, Blackrock is arranging for a collapse.
Fascinating stuff, this Bitcoin narrative.
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