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  1. #11
    W. Rabbit's Avatar
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    How about the wide chasm between how long it takes to dump a stock, versus a bitcoin.

    The number of zeros you have to add to the time it takes to dump a bitcoin, using any ordinal, compared to a stock, is extraordinary.

    Minutes versus days/weeks. That's if the computers are working properly.

  2. #12
    cualltaigh's Avatar
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    well I for one am shocked......

    Four investors in the digital currency, called Fantasy Market, claimed last week that its shadowy CEO disappeared with their money and has not refunded all their investment despite repeated requests.
    http://www.news.com.au/finance/money...e87dc99023a6f7
    Dum spiro, spero.
    Tada gan iarracht.

  3. #13
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    I used to day trade successfully and this should interest me.

    It doesnt it is gambling nothing more nothing less.

    There is nothing to research just pay your money and hope to be one of winners before it collapses.

    The winners are the guys who bought it when it was $1.

    We dont even know who made it?? this is absolute insanity by many people who should be sane.

    Money is one hell of a drug.

    Ill add that I stopped day trading when I didnt have sufficient time to research which is ultimately the key to success if you are not fortunate to have friends on the inside.

    The same idiots that lead us into the financial crisis have found a new way to **** up.
    King without a crown

  4. #14
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    Quote Originally Posted by PDA View Post
    The winners are the guys who bought it when it was $1.

    We dont even know who made it?? this is absolute insanity by many people who should be sane.
    That would be Spring 2011, and it is very possible an insane way to store real world value.

    I blame the advent of video game currency. Haven't you ever seen a child waste real cash on pixelated nonsense?

    The same idiots that lead us into the financial crisis have found a new way to **** up.
    Not the same idiots. An entirely new generation with an internet to abuse.

  5. #15
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    Quote Originally Posted by W. Rabbit View Post

    Not the same idiots. An entirely new generation with an internet to abuse.
    It is the same idiots and some.

    Look into the amount of funds and financial institutions now investing in Bitcoin.
    King without a crown

  6. #16
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    This caught my interest earlier:

    http://www.bbc.co.uk/news/technology-42630136

    Kodak shares jump based on the fact that they are doing something in the bitcoin space - kind of stupidity that occurred in the dot com boom

  7. #17
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    Quote Originally Posted by scipio View Post
    This caught my interest earlier:http://www.bbc.co.uk/news/technology-42630136Kodak shares jump based on the fact that they are doing something in the bitcoin space - kind of stupidity that occurred in the dot com boom
    Judging by their share price over the past 5 years that looks like a "**** or bust" plan.
    King without a crown

  8. #18
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    Quote Originally Posted by scipio View Post
    This caught my interest earlier:

    http://www.bbc.co.uk/news/technology-42630136

    Kodak shares jump based on the fact that they are doing something in the bitcoin space - kind of stupidity that occurred in the dot com boom
    Oh that's nothing. In fact, Kodak's strategy is kind of well thought out, including SEC regulation. By creating their own currency, they can work it into licensing images (which is how photographers get paid). https://www.kodak.com/kodakone/default.htm

    Check this out for real lunacy:

    Iced tea company scraps plans to raise millions for blockchain pivot
    Company’s stock tripled last month after it changed its name to Long Blockchain.

    https://arstechnica.com/tech-policy/...&post=34604129

    Gold company's stock jumps 1300% after switching to bitcoin

    http://www.mining.com/gold-companys-...ching-bitcoin/
    Last edited by W. Rabbit; 1/10/2018 5:18pm at .

  9. #19
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    Quote Originally Posted by PDA View Post
    Judging by their share price over the past 5 years that looks like a "**** or bust" plan.
    I'd say it worked, judging by their share price over the last couple days.

    And remember, a KODAKCoin is not a Bitcoin, so KODAKCoin would not have the volatility of Bitcoin. KODAKCoin is a very application specific cryptocurrency, unlike the dodgier ones popping up.

    https://www.cnbc.com/2018/01/10/koda...kodakcoin.html

    Last edited by W. Rabbit; 1/10/2018 5:26pm at .

  10. #20
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    Want to see more crazy? These things have tripled in price since the summer. Long Island Iced Tea Company alone wants to buy 1,000 of these.
    https://www.amazon.com/dp/B01MCZVPFE

    The real winners of the cryptocurrency race are the people designing and selling these little fuckers (along with people who profit off buying and selling electricity).
    Last edited by W. Rabbit; 1/10/2018 5:41pm at .

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