Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Misc Bitcoiners... I think you should probably get out now.
  1. Results 61 to 90 of 160
  2. Page 3 of 6
  3. First
  5. 1
  6. 2
  7. 3
  8. 4
  9. 5
  11. Last

Thread: Misc Bitcoiners... I think you should probably get out now.

post 1537224841 12-11-2017, 07:29 PM
-
#61
  1. iceypain
  2. Registered User
  1. iceypain
  2. Registered User
  3. Join Date: Jan 2007
  4. Age: 35
  5. Posts: 9,278
  6. Rep Power: 28507
I'll just leave this here

https://www.ft.com/content/7f02cdba-...9-c64b1c09b482

at the very least get your coins out of the exchanges..because they're not going to survive if this is true
post 1537225641 12-11-2017, 07:37 PM
-
#62
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. Join Date: Nov 2015
  4. Posts: 24,226
  5. Rep Power: 185354
Originally Posted By iceypain⏩
I'll just leave this here

https://www.ft.com/content/7f02cdba-...9-c64b1c09b482

at the very least get your coins out of the exchanges..because they're not going to survive if this is true
Paywall.
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
post 1537226381 12-11-2017, 07:44 PM
-
#63
  1. MrSlickAngus
  2. Registered User
  1. MrSlickAngus
  2. Registered User
  3. Join Date: May 2012
  4. Posts: 162
  5. Rep Power: 240
The higher it goes the more it proves money is worthless, it has to crash eventually.
post 1537226571 12-11-2017, 07:45 PM
-
#64
  1. Dan_S
  2. Registered User
  1. Dan_S
  2. Registered User
  3. Join Date: Jan 2009
  4. Location: California, United States
  5. Age: 42
  6. Posts: 12,627
  7. Rep Power: 85920
Originally Posted By sdmk⏩
John Bogle himself on bitcoin:



just lol @ countering his own point by bringing up gold which has been used as a store of value for centuries
just lol @ thinking bitcoin will ever drop down to $100
just lol @ listening to a forum based on index fund investing which at this point is almost pure speculation



You don't think it could hit $100?

What about newer crypto's which have technology that makes Bitcoin obsolete? Not only is that possible, I think that's inevitable.
post 1537226651 12-11-2017, 07:46 PM
-
#65
  1. iceypain
  2. Registered User
  1. iceypain
  2. Registered User
  3. Join Date: Jan 2007
  4. Age: 35
  5. Posts: 9,278
  6. Rep Power: 28507
Originally Posted By FA*******⏩
Paywall.
Bitcoin feeding frenzy fuelled by 15 times leverage, says exchange

Investors on Tokyo’s bitFlyer drive cryptocurrency price higher
Share on Twitter (opens new window)
Share on ******** (opens new window)
Share on LinkedIn (opens new window)
EmailSave Save to myFT
Robin Harding in Tokyo
YESTERDAY 70
The Japanese exchange at the heart of bitcoin’s recent surge has said its investors are fuelling the cryptocurrency’s feeding frenzy as they buy in with leverage up to 15 times their cash deposit.

Yuzo Kano, chief executive of bitFlyer, said in an interview with the Financial Times that the liquidity on his Tokyo-based exchange — which has an 80 per cent share of bitcoin trading in Japan and 20-30 per cent of the global market — was deep enough to handle even the biggest market movements.

Bitcoin’s meteoric rise continued to shock markets last week as the currency soared another 50 per cent to hit new highs over $17,000. Wild trading saw different prices around the world: while the price was about $16,000 a bitcoin on Friday afternoon in Tokyo, it fell to about $15,000 during the European day.
post 1537226691 12-11-2017, 07:47 PM
-
#66
  1. shoelaces
  2. Registered User
  1. shoelaces
  2. Registered User
  3. Join Date: Apr 2012
  4. Posts: 18,081
  5. Rep Power: 44025
Originally Posted By Dan_S⏩
You don't think it could hit $100?

What about newer crypto's which have technology that makes Bitcoin obsolete? Not only is that possible, I think that's inevitable.
So you mean litecoin. It is basically like bitcoin but faster and cheaper.
post 1537231931 12-11-2017, 09:03 PM
-
#67
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By iceypain⏩
Bitcoin feeding frenzy fuelled by 15 times leverage, says exchange

Investors on Tokyo’s bitFlyer drive cryptocurrency price higher
Share on Twitter (opens new window)
Share on ******** (opens new window)
Share on LinkedIn (opens new window)
EmailSave Save to myFT
Robin Harding in Tokyo
YESTERDAY 70
The Japanese exchange at the heart of bitcoin’s recent surge has said its investors are fuelling the cryptocurrency’s feeding frenzy as they buy in with leverage up to 15 times their cash deposit.

Yuzo Kano, chief executive of bitFlyer, said in an interview with the Financial Times that the liquidity on his Tokyo-based exchange — which has an 80 per cent share of bitcoin trading in Japan and 20-30 per cent of the global market — was deep enough to handle even the biggest market movements.

Bitcoin’s meteoric rise continued to shock markets last week as the currency soared another 50 per cent to hit new highs over $17,000. Wild trading saw different prices around the world: while the price was about $16,000 a bitcoin on Friday afternoon in Tokyo, it fell to about $15,000 during the European day.
No two things are exactly similar, but I remember silver rising the fastest right before it fell
post 1537232071 12-11-2017, 09:05 PM
-
#68
  1. straightflexing
  2. Registered User
  1. straightflexing
  2. Registered User
  3. Join Date: Mar 2013
  4. Location: United States
  5. Age: 40
  6. Posts: 7,246
  7. Rep Power: 10040
Originally Posted By shoelaces⏩
No thanks. Holding out until it hits $40-50k. Then I will cash everything I have and buy a house.
how do you cash out 40k in real money? its not possible...
post 1537233461 12-11-2017, 09:23 PM
-
#69
  1. SpencerFS
  2. Registered User
  1. SpencerFS
  2. Registered User
  3. Join Date: Mar 2007
  4. Location: United States
  5. Age: 37
  6. Posts: 4,514
  7. Rep Power: 5653
Few things

-Most guys on here are very young/single they can take big risks as they don't have families.
-You honestly only need 5-10% of your portfolio in crypto to reap the benefits... So if you lose it's not that big of deal. And it actually might help lower the volatility of your portfolio since it is pretty much uncorrected to stocks,bonds,oil,gold etc...
-Why get out now? A few years ago it was way more dangerous. All this money isn't going to just vanish. Futures for bitcoin just started and pretty soon we will see an ETF as well.
-The world around you is increasingly become more digital.... Apps, smartphones and ipads it makes sense that everything be stored there as well. Young kids trust this way more than they ever would gold.
Heat,Dolphins

TECHNO CREW
post 1537233791 12-11-2017, 09:26 PM
-
#70
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By SpencerFS⏩
Few things

-Most guys on here are very young/single they can take big risks as they don't have families.
-You honestly only need 5-10% of your portfolio in crypto to reap the benefits... So if you lose it's not that big of deal. And it actually might help lower the volatility of your portfolio since it is pretty much uncorrected to stocks,bonds,oil,gold etc...
-Why get out now? A few years ago it was way more dangerous. All this money isn't going to just vanish. Futures for bitcoin just started and pretty soon we will see an ETF as well.
-The world around you is increasingly become more digital.... Apps, smartphones and ipads it makes sense that everything be stored there as well. Young kids trust this way more than they ever would gold.
-
I would disagree with almost all of this.

1) Monday (dollars) are already digital and you can keep track of your money via apps and transfer money electronically, the US has a monopoly on the US dollars there's no reason to assume the US will change that. Your last statement doesn't make sense.. money is already digital. In fact, most "money" in the US doesn't exist physically.

2) If you understand compound interest, you'll understand that your younger years are actually the most important to achieving wealth and riches earlier in life. For that exact reason, I'd recommend being smart and doing the right thing when you're young.

3) Why get out now is clearly covered in the many articles and posts on the investing forums I linked in the OP.


However, if somebody did really just want to gamble, I could agree that 5% of your portfolio in crypto isn't going to ruin you. Personally.. myself and most real investors think it's way over inflated and chances are you're throwing away 5% for no gain at this time, but gambling is fun and people like to have fun so you can't stop them. Just read the threads in the OP though before anyone buys in.
post 1537235481 12-11-2017, 09:46 PM
-
#71
  1. Enragingboner
  2. Registered User
  1. Enragingboner
  2. Registered User
  3. Join Date: Jan 2016
  4. Location: Arizona, United States
  5. Age: 29
  6. Posts: 607
  7. Rep Power: 0
I am willing to risk a few months of my salary for the opportunity to shave off five to ten years of my retirement. I do not want to live my life in regret knowing I would have missed on this golden opportunity because I was afraid to take the risk.

I know cryptocurrency is the future.
post 1537236081 12-11-2017, 09:50 PM
-
#72
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Lol. The more people keep saying it's a bubble, the less likely it's true.

Bubbles occur when the entire public is blind to the possibility of a bubble; that's why they pop. If no one is buying because they think it's a bubble, then we aren't even close yet.

HODL indefinitely CREW.
post 1537236461 12-11-2017, 09:53 PM
-
#73
  1. LieutenantGains
  2. Registered User
  1. LieutenantGains
  2. Registered User
  3. Join Date: Aug 2013
  4. Posts: 6,776
  5. Rep Power: 84609
brb bitcoin is supposed to be a decentralized alternative currency to USD
brb everybody buys it and holds it as an investment instead
brb people only get excited when you can convert it back to USD

Misc photography crew
Chicago crew
Polski crew
Throw keys on bench to claim it crew
6'2" 193lbs crew
#MMGA
post 1537236561 12-11-2017, 09:54 PM
-
#74
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By Enragingboner⏩
I am willing to risk a few months of my salary for the opportunity to shave off five to ten years of my retirement. I do not want to live my life in regret knowing I would have missed on this golden opportunity because I was afraid to take the risk.

I know cryptocurrency is the future.
That's just not realistic man... "a few months" worth of money isn't going to turn into 5 to 10 years shaved off of retirement.

This is what worries me about you guys. It's not really knowledge driving this it's just greed/hype
post 1537236691 12-11-2017, 09:56 PM
-
#75
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By HMFIC_BROWSIN⏩
Lol. The more people keep saying it's a bubble, the less likely it's true.

Bubbles occur when the entire public is blind to the possibility of a bubble; that's why they pop. If no one is buying because they think it's a bubble, then we aren't even close yet.
That's just flat out inaccurate and misleading to the younger guys here. Bitcoin memes are floating around instagram now, it's insanely popular. People are buying it out of greed and speculation right now like mad, the fact that many people who know investors well say it's very bubble-like doesn't mean it's not a bubble..
post 1537236841 12-11-2017, 09:57 PM
-
#76
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By LieutenantGains⏩
brb bitcoin is supposed to be an decentralized alternative currency to USD
brb everybody buys it and holds it as an investment instead
brb people only get excited when you can convert it back to USD

hahaha.
post 1537236961 12-11-2017, 09:58 PM
-
#77
  1. JrM703
  2. Registered User
  1. JrM703
  2. Registered User
  3. Join Date: Nov 2010
  4. Location: District Of Columbia, United States
  5. Posts: 12,078
  6. Rep Power: 31266
Originally Posted By yieldtonothing⏩
i really can't understand how a central bank would allow something like bitcoin to continue.

can someone explain this to me? srs.
i feel like if my last name was rothschild, i'd have shut it down already.
Only a matter of time until at the very least the US DOJ seizes assets and shuts down the major players like it did with the 3 biggest online poker entities...

...thats my take, and the latter wasn't even a largely Chinese backed currency model in direct competition with the USD.
post 1537237301 12-11-2017, 10:02 PM
-
#78
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By JrM703⏩
Only a matter of time until at the very least the US DOJ seizes assets and shuts down the major players like it did with the 3 biggest online poker entities...

...thats my take, and the latter wasn't even a largely Chinese backed currency model in direct competition with the USD.
Currencies need to be regulated to survive. Plain and simple.

So if crypto becomes popular enough, they'll need to regulate it. Then.. it's a digital currency.

Except.. the US government already has digital currency with the USD, with extremely cheap transfer capabilities and very fast speed. Debit card rails, ACH, new Zelle payment rails, and hundreds of thousands of man hours of intelligent people monitoring and regulating the currency so we can all succeed.
post 1537237331 12-11-2017, 10:02 PM
-
#79
  1. blckndyllw
  2. Registered User
  1. blckndyllw
  2. Registered User
  3. Join Date: Aug 2013
  4. Age: 32
  5. Posts: 14,884
  6. Rep Power: 18414
I love how badly people who missed the crypto train want it to derail. The fear is what kept them away from it in the first place
Jekyll Jekyll Hyde, Jekyll Hyde, Hyde, Jekyll!
post 1537237801 12-11-2017, 10:07 PM
-
#80
  1. aleeboy
  2. It's over for you
  1. aleeboy
  2. It's over for you
  3. Join Date: Dec 2008
  4. Posts: 23,424
  5. Rep Power: 87439
I read that people have been taking out home loans for Bitcoin. This is not just tapping equity, bros.

I wonder what banks underwrote such applications for credit. I know people would take out personal unsecured loans and probably a load of banking employees would have taken a punt (since they aren't risk averse in general) with some massive employee discounted loans to fund short term leveraged positions.

My goodness. The current value and volatility is still ok to make money. I only hope the exchanges are robust enough to ensure best execution and transparency with regards to blocking price manipulation attempts.

Just remember, greed is not good. And things eventually normalize FWIW.
"The manlet is a savage beast that knows no moral bound. After falling in disgrace to a manmore, a ravaged manlet would not hesitate to come from behind and land a sucker punch/ swing with a rock to the back of a manmore's head. They are ruthless and you need to spend some more time in the gutter to even begin trying to comprehend what goes on in their minds."

Hurt by the aleeboy and need to cope? Go here for hugs: https://forum.obnoxiousbrutes.com/showthread.php?t=178724011
post 1537238551 12-11-2017, 10:16 PM
-
#81
  1. JrM703
  2. Registered User
  1. JrM703
  2. Registered User
  3. Join Date: Nov 2010
  4. Location: District Of Columbia, United States
  5. Posts: 12,078
  6. Rep Power: 31266
Originally Posted By blckndyllw⏩
I love how badly people who missed the crypto train want it to derail. The fear is what kept them away from it in the first place
Hearing about my friends buying computers to "mine" bit coins, and the electricity involved, makes me cringe...

...the entire concept of "mining" something virtual when it comes to the stock market is asinine. It's like some stupid RPG game meets real tea.

I'd rather by utility stocks of electric companies in major cities, and reap the benefits of actual tangible goods and services amidst this craze.
post 1537239621 12-11-2017, 10:32 PM
-
#82
  1. RespectYourself
  2. Registered User
  1. RespectYourself
  2. Registered User
  3. Join Date: May 2013
  4. Location: Australia
  5. Age: 44
  6. Posts: 8,271
  7. Rep Power: 29053
Originally Posted By straightflexing⏩
how do you cash out 40k in real money? its not possible...
Huh? You sell your crypto currency for fiat and transfer to a bank account...
Time flies like an arrow; Fruit flies like a banana.
post 1537240531 12-11-2017, 10:47 PM
-
#83
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  3. Join Date: Feb 2012
  4. Location: San Diego, California, United States
  5. Posts: 4,126
  6. Rep Power: 0
Originally Posted By straightflexing⏩
how do you cash out 40k in real money? its not possible...
lol not sheriff srs
▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄

**
*Anti Marriage Crew*
**

▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄,
post 1537240581 12-11-2017, 10:48 PM
-
#84
  1. KilaByte
  2. I'm Batman
  1. KilaByte
  2. I'm Batman
  3. Join Date: Aug 2010
  4. Location: Massachusetts, United States
  5. Posts: 11,646
  6. Rep Power: 305541
It's going to need to crash to around $250 for me to withdraw to get my money back.
Me caveman, put round things on bar, lift, pound chest.


2jz, S55, M48.00
post 1537240751 12-11-2017, 10:51 PM
-
#85
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  3. Join Date: Feb 2012
  4. Location: San Diego, California, United States
  5. Posts: 4,126
  6. Rep Power: 0
Originally Posted By blckndyllw⏩
I love how badly people who missed the crypto train want it to derail. The fear is what kept them away from it in the first place
pretty much

then theyll brag about making 10% gains per yr on some random nasdaq energy investment. just lol
▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄

**
*Anti Marriage Crew*
**

▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄,
post 1537241091 12-11-2017, 10:56 PM
-
#86
  1. chalup
  2. Registered User
  1. chalup
  2. Registered User
  3. Join Date: May 2011
  4. Age: 36
  5. Posts: 37,885
  6. Rep Power: 123589
Originally Posted By Hadtodoit⏩
Same could be said for hundreds of penny stocks that did that... you just can't kick yourself for hindsight thoughts.

Indexers on average get more rich at younger ages than any other type of investing. Plain and simple.
This. Look up what cctl did yesterday.
post 1537241311 12-11-2017, 10:58 PM
-
#87
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By RightKindaGuy⏩
pretty much

then theyll brag about making 10% gains per yr on some random nasdaq energy investment. just lol
You do realize that the guys you think you're making fun of statistically outperform guys like you in every study right...

Lol. Some of you make me scratch my head. You can't act better than guys who use methods that outperform those who pick their own investments every time. Are you trolling or do you really think you're somehow an exception?
post 1537241551 12-11-2017, 11:01 PM
-
#88
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  1. RightKindaGuy
  2. ▄▀▄▀▄▀▄▀▄▀▄▀
  3. Join Date: Feb 2012
  4. Location: San Diego, California, United States
  5. Posts: 4,126
  6. Rep Power: 0
Originally Posted By Hadtodoit⏩
You do realize that the guys you think you're making fun of statistically outperform guys like you on average every single time right...

Lol. Some of you make me scratch my head. You can't act better than guys who use methods that outperform those who pick their own investments every time. Are you trolling or do you really think you're somehow an exception?
i made 3000% this yr on crypto

itd be a near statistcal imposibility for anyone to ever outperform me at this point with thier fiat investments.

stay mad
▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄

**
*Anti Marriage Crew*
**

▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄,
post 1537241771 12-11-2017, 11:04 PM
-
#89
  1. Hadtodoit
  2. Banned
  1. Hadtodoit
  2. Banned
  3. Join Date: Sep 2008
  4. Posts: 4,032
  5. Rep Power: 0
Originally Posted By RightKindaGuy⏩
i made 3000% this yr on crypto

itd be a near statistcal imposibility for anyone to ever outperform me at this point with thier fiat investments.

stay mad
Lol not mad. We're talking about investing methods, don't make this about my personal finances or I'll embarrass you.

Anyway.. I wish you knew how ignorant this sounded. Congrats on buying this and having it 3,000% but you're about as impressive as a guy who's way up at the craps table at a casino right now. Bragging only makes you look bad about it. Super happy you made that, just trying to keep you educated.


I'd seriously consider walking away with that giant win if I were you.
post 1537241921 12-11-2017, 11:06 PM
-
#90
  1. Enragingboner
  2. Registered User
  1. Enragingboner
  2. Registered User
  3. Join Date: Jan 2016
  4. Location: Arizona, United States
  5. Age: 29
  6. Posts: 607
  7. Rep Power: 0
Would you consider throwing in 1% of your net worth in crypto OP?
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts