Welcome guest, is this your first visit?
Member
Discoveries
 
Page 1 of 16 12311 ... LastLast
Results 1 to 15 of 236
Like Tree135Likes

Thread: Winklevoss Twins on Bitcoin

« Prev Thread | Next Thread »
  1. #1
    enochsea7

    Winklevoss Twins on Bitcoin vs GOLD

    Saw an interview recently where the Winklevoss twins, the first "Bitcoin billionaires", said that GOLD "had a great 3000 year run" but that now Bitcoin would be replacing it.

    What are your thoughts?

    Last edited by enochsea7; Jan 18, 2018 at 04:51 AM.

  2. #2
    1320

    Dec 2004
    East Central Kentucky
    3,159
    1650 times
    Banner Finds (1)
    Probably not in my lifetime but I must agree, the argument has merit. It's kinda hard on the ears to hear it from the Winklevoss' since they have a huge stake in Bitcoin. And one could easily insert "crypto" in place of the word Bitcoin, Bitcoin (the technology) according to some is already a dinosaur.
    enochsea7 likes this.

  3. #3
    Charter Member
    us
    Jan 2017
    Western ny
    equinox 800, Whites mx sport, Garrot carrot, bounty hunter time ranger
    2,305
    3135 times
    All Types Of Treasure Hunting
    I threw some cash into xrp just to see what happens. I also heard bitcoin was on its way out, too slow and outdated already. Anyone on here into that crypto currency thing?
    1320 likes this.

  4. #4
    1320

    Dec 2004
    East Central Kentucky
    3,159
    1650 times
    Banner Finds (1)
    Quote Originally Posted by Tpmetal View Post
    I threw some cash into xrp just to see what happens. I also heard bitcoin was on its way out, too slow and outdated already. Anyone on here into that crypto currency thing?
    What exchange do you use for Xrp? I've been trying to get approved at several that offer it and XLM, no luck so far, been nearly a month waiting for verification. I have BTC, BCH, ETH and LTC, small positions. Huge pucker factor the past two days but the recovery has already started.

  5. #5
    us
    Oct 2009
    8,434
    7139 times
    All Types Of Treasure Hunting
    crypto currencies are the way of the future.... until a massive sunflare or terrorist attack craters our electrical grid and knocks comm satellites out of orbit. digital currencies would become worthless overnight.

  6. #6

    Nov 2005
    Greer SC
    Minelab quattro and AT Pro
    93
    95 times
    I just made 10k in 6 weeks on bitcoin but when the futures market stuck their noses in in the game I got out....I think the millionaire whales are manipulating the market to their benefit and screwing the little guys...If you have seen what has been going on for the last few days you will know what I mean...If you are still invested in crypto I wish you good luck.
    Last edited by rotty23; Jan 18, 2018 at 08:46 AM.
    MotherOfGeeks likes this.

  7. #7

    Feb 2013
    Longview, Texas
    927
    1421 times
    All Types Of Treasure Hunting
    The IRS will want their share
    ďThe enemy never sees the backs of my Texans!" - General Robert E. Lee

    "While I could never repose confidence in a Yankee, I have never been deceived by an Indian" - Daniel Boone



  8. #8

    Nov 2005
    Greer SC
    Minelab quattro and AT Pro
    93
    95 times
    Quote Originally Posted by etex View Post
    The IRS will want their share
    Of course they will but after tax I figure about 8k
    1320 likes this.

  9. #9
    1320

    Dec 2004
    East Central Kentucky
    3,159
    1650 times
    Banner Finds (1)
    Quote Originally Posted by Jason in Enid View Post
    crypto currencies are the way of the future.... until a massive sunflare or terrorist attack craters our electrical grid and knocks comm satellites out of orbit. digital currencies would become worthless overnight.
    They would only be worthless until power is restored....

  10. #10
    us
    Jan 2016
    Mesa, AZ
    16
    12 times
    All Types Of Treasure Hunting
    Quote Originally Posted by rotty23 View Post
    I just made 10k in 6 weeks on bitcoin but when the futures market stuck their noses in in the game I got out....I think the millionaire whales are manipulating the market to their benefit and screwing the little guys...If you have seen what has been going on for the last few days you will know what I mean...If you are still invested in crypto I wish you good luck.
    No one makes money with bitcoins unless you sell them and have the cash in hand. If you know when to buy and sell, you can make a killing, but I just do not trust anything that has absolutely zero intrinsic value.

    If SHTF and the Internet goes down, bitcoins are worth bumpkis.
    Clay Diggins likes this.

  11. #11
    Charter Member
    us
    Jan 2017
    Western ny
    equinox 800, Whites mx sport, Garrot carrot, bounty hunter time ranger
    2,305
    3135 times
    All Types Of Treasure Hunting
    Quote Originally Posted by TDogger View Post
    No one makes money with bitcoins unless you sell them and have the cash in hand. If you know when to buy and sell, you can make a killing, but I just do not trust anything that has absolutely zero intrinsic value.

    If SHTF and the Internet goes down, bitcoins are worth bumpkis.
    Thats why im interested in xrp..... it seems to be moving into a market that has actual value. only time will tell
    1320 likes this.

  12. #12
    1320

    Dec 2004
    East Central Kentucky
    3,159
    1650 times
    Banner Finds (1)
    You guys keep talking yourselves out of crypto....these doomsday scenarios are ridiculous. And to be honest, if your work check is direct deposited to your bank and you use a debit card for transactions you are playing with digital money right?! If the power grid goes down, your debit card has zero value until the power comes back on...right?! If the power is down, you won't be able to go into the bank and make a withdrawal for cash right?! And who are you going to do business with using gold and silver coins? How will businesses make change for your $20 gold piece for a $5 Happy Meal...gold and silver coins, bullion? How are you going to buy and sell with individuals using gold and silver when only a handful of the world population stack gold and silver in preparation for a doomsday scenario?

    If the power grid goes down for any length of time, it will be every man for himself, money will likely be the least of our problems. Food, Water, Shelter, Safety. After the looting is complete, a trip to the local grocery store won't do you much good. I'd suggest stacking food, a gun or two and lots of ammo...lol
    rotty23, angelito1 and sandchip like this.

  13. #13
    1320

    Dec 2004
    East Central Kentucky
    3,159
    1650 times
    Banner Finds (1)
    Quote Originally Posted by TDogger View Post
    No one makes money with bitcoins unless you sell them and have the cash in hand. If you know when to buy and sell, you can make a killing, but I just do not trust anything that has absolutely zero intrinsic value.

    If SHTF and the Internet goes down, bitcoins are worth bumpkis.
    The intrinsic value lies within the blockchain technology, not the coin itself.

  14. #14
    us
    Oct 2009
    8,434
    7139 times
    All Types Of Treasure Hunting
    Quote Originally Posted by 1320 View Post
    You guys keep talking yourselves out of crypto....these doomsday scenarios are ridiculous. And to be honest, if your work check is direct deposited to your bank and you use a debit card for transactions you are playing with digital money right?! If the power grid goes down, your debit card has zero value until the power comes back on...right?! If the power is down, you won't be able to go into the bank and make a withdrawal for cash right?! And who are you going to do business with using gold and silver coins? How will businesses make change for your $20 gold piece for a $5 Happy Meal...gold and silver coins, bullion? How are you going to buy and sell with individuals using gold and silver when only a handful of the world population stack gold and silver in preparation for a doomsday scenario?

    If the power grid goes down for any length of time, it will be every man for himself, money will likely be the least of our problems. Food, Water, Shelter, Safety. After the looting is complete, a trip to the local grocery store won't do you much good. I'd suggest stacking food, a gun or two and lots of ammo...lol
    exactly, which is why you need to keep a percentage of hard cash on hand at all times. water, food, fuel, guns, ammo, & alcohol.

    But nobody is saying a grid failure is the end of civilization. Look at puerto rico. 90% of the island lost power, half of it is still without power. People are still living. But if you have a national grid failure it could be months to years before its restored. Yes your crypto will still be there when the lights come back, but at what value? If lots of people decide, "screw this crypto money" its value will crater immediately so most would still be without all that money put into it.

    Just because you get a direct deposit paycheck NOW doesnt mean the boss cant pay workers in cash next week. Companoes go to digital transfers because its easier and easier to track and make sure nobody's skimming extra for themselves, it doesnt mean we coudl never go back to cash

  15. #15
    Charter Member
    us
    IT COULD BE A VALUABLE PRIZE "YOU NEVER KNOW"

    Nov 2006
    N.E. Ohio on lake Erie
    ** WHAT ONE I FEEL LIKE ON HUNTING DAY *****
    8,056
    2533 times
    ANY TYPE OF TREASURE HUNTING THAT PUTS MONEY IN MY POCKET
    I guess i am just to old .. I WILL stick with , Gold & , Silver..
    enochsea7, 1320, Thaddeus and 2 others like this.
    ".. Let no one know what , when , or where ..'

 

 
Page 1 of 16 12311 ... LastLast

Remove Ads

Sponsored Links

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Similar Threads

  1. Bitcoin v. PMs
    By jim4silver in forum Precious Metal Prices
    Replies: 28
    Last Post: May 13, 2015, 01:53 PM
  2. Bitcoin Bank "Flexcoin" Looses 896 bitcoin, worth around $600,000 to theft
    By jeff of pa in forum Stocks, Investments & Markets
    Replies: 4
    Last Post: Mar 04, 2014, 02:06 PM
  3. Bitcoin
    By ken(Toronto) in forum Stocks, Investments & Markets
    Replies: 7
    Last Post: Dec 20, 2013, 12:00 AM
  4. Replies: 1
    Last Post: Oct 09, 2013, 04:40 PM
  5. Bitcoin
    By BigChief14 in forum Precious Metal Prices
    Replies: 7
    Last Post: Apr 04, 2013, 09:16 PM
Powered by vBadvanced CMPS v4.3.0