I didn't buy any of that crap.
Bitcoin/Ethereum/cryptocurrencies
- Thread starter 35years
- Start date
Faceplanted
Well-Known Member
It’s ok, we all make mistakes. No need to lie about. Learn from your mistake.
Faceplanted
Well-Known Member
Always has value. Ya ok. It’s a piece of fabric that is 75% cotton 25% linen with ink printed on it. It’s worth nothing.
It's still worth$500 if I spend it.
Brownslave688
You want a toe? I can get you a toe.
I’ve seen lots of people dump
Money into real estate or stocks or bonds or their own businesses and lose a boatload.
I’ve also seen people 100X their money in crypto. No way would I throw everything I’ve got into it but for 100x I’m willing to throw some.
Nothing wrong with taking a chance on something , as long as it's money you can afford to lose.
1989
Well-Known Member
What kinda shape is it in? Do you know the grade? I’ll give you at least $600 for it. Probably worth closer to $1,000 tho
Probably about VF. I have no intentions of selling it. I got rid of some good stuff years back when the kids was in college. Wish I had them back.
1989
Well-Known Member
It’s a collectible now.
1989
Well-Known Member
But what does the obverse look like? It’s not one of those bill Clinton or Donald Trump notes, is it?
Oops bad picture
1989
Well-Known Member
Nice... even though I can only see half of it. Will you take 3 beenie babies and a tickle me Elmo for it? I’ve also got some nicely toned Morgan’s I can throw in.
I'll get back to you
DriveInDriveOut
Inordinately Right
I've yet to hear a reasonable argument as to why it is an asset.
Faceplanted
Well-Known Member
What was life like during ww2?
I’m still trying to figure out why pressurized rocks are worth anything and can be considered an asset. You can buy a diamond circular saw for cheap, but if it’s a big rock it’s some how more valuable?
Anything is what you make it. Bitcoin is “mined” just as silver and gold. It takes an initial investment to set up a mining operation. It’s a store of value just as silver and gold. It’s speculative just like silver and gold. I could argue that it’s actually more valuable than the US dollar and more of an asset, as not 1 entity is controlling it, and no more can be minted.
Boomers seem to think their paper money that literally represents 1s and 0s is some how more legit than 1s and 0s on a open ledger.
DriveInDriveOut
Inordinately Right
Ya, like I said, I've yet to hear a reasonable argument for why crypto is an asset.
Brownslave688
You want a toe? I can get you a toe.
The fact that major financial institutions are accepting it as an asset class is really the only argument anyone needs
https://www.google.com/amp/s/www.coindesk.com/morgan-stanley-says-crypto-is-a-new-institutional-asset-class?amp
But here is basically an outline of the future of blockchain. It outlines what customers will be charged to use it and how people running nodes will be compensated. This is the future I see for blockchain. This technology will not exist without people monetizing it.
AMBERnomics Update: Dec 2018 – Ambrosus
Now I also believe bitcoin is a much better and safer store of value than gold or silver. We know EXACTLY how scarce it is. I think litecoin is a better form of money than anything we have. Inflation is never a worry. As things cost more each one is worth more instead of losing worth and needing more. Now that’s in a perfect world and I don’t know that the governments will let it happen or it’ll only happen under their terms.
DriveInDriveOut
Inordinately Right
That is the best argument I've heard, and it just doesn't hold up IMO.
FFS, thats a hot mess of nonsense.
Bitcoin costs more to mine than it is worth in dollars. This is economic theory on meth amphetamine.
Agreed.
