Anybody investing in bitcoins?

Discussion in 'The Water Cooler' started by Hooker, Nov 1, 2013.

  1. Sota

    Sota Legendary Woodsman

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    That being said I miss Hooker he seemed like a good guy.
     
  2. cls74

    cls74 Legendary Woodsman

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    I get it, and not arguing with you. I have no argument to make other than where it was when this thread started and where it is now. I know nothing about cryptocurrency other than what I have seen with my real money the past 29 days.

    It will go both ways I am positive of, just remembered there was a thread on it here years ago and searched for it. Thought I would get some retrospective insight.

    Many thoughts are the same now as then.
     
  3. Sota

    Sota Legendary Woodsman

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    I was interested in the original post date 8 years ago, crazy.
     
  4. cls74

    cls74 Legendary Woodsman

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    Yeah, a bitcoin at start of this thread was $206. First bit coins sold at $.008, 5050 for a touch over $5.

    Now it is worth over $56k.



    Screenshot_20210219-194010_Cash App.jpg
     
  5. trial153

    trial153 Grizzled Veteran

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    Some form of crypto is here to stay, we are just scratching the surface. Block chain is some amazing ****.
    I Been in BTC twice and it's been good to me. I can't see not having some position in crypto from here on out.
    Waiting on the one year mark to make decision on some of my holding because quite frankly between the 3.8 net investment income tax piled on top of short term capital gains will be killer..
     
    Last edited: Feb 19, 2021
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  6. Siman/OH

    Siman/OH Legendary Woodsman

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    I’m Facebook friends with him. Seems to be doing very well.

    I asked him a year or two ago if he bought any Bitcoin. He did not.

    $1k of BTC the day this thread was made would be worth over $271k right now.

    $10k would be worth over $2.6 million.


    Sent from my iPhone using Tapatalk
     
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  7. Sota

    Sota Legendary Woodsman

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    No way in hell I would invest $10,000
     
  8. cls74

    cls74 Legendary Woodsman

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    It's all hindsight now though, it's here to stay but just as volatile as any stock.

    Difference is, could you risk $1k now for the next 10 years and adjust along the way.

    Is it the future or not? A few other crypto's out there that if you can hit right you can bank on.

    Wave of the future IMO
     
  9. Sota

    Sota Legendary Woodsman

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    I am very property and business based, old school. I only invest in what I can control.
     
  10. cls74

    cls74 Legendary Woodsman

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    No worries, hoped a few of the original posters were still around.

    Guessing they were those that paid attention to such ventures.

    I'm not that smart :lol:
     
  11. tacklebox

    tacklebox Grizzled Veteran

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    I was thinking the same when I saw the old thread. Good dude even if he didn't like cargo shorts. Lol
    Sent from my SM-G960U using Bowhunting.com Forums mobile app
     
  12. Westfinger

    Westfinger Die Hard Bowhunter

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    I invested in GBTX. I think it’s worth dabbling in on some level. I don’t fully understand every aspect of it but It’s making money and that I understand.
     
  13. dnoodles

    dnoodles Grizzled Veteran

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    yeah, if you think you are hiding it from Uncle Sam you got another thing coming.
     
  14. dnoodles

    dnoodles Grizzled Veteran

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    Also, I am putting my whole retirement into this guy!

    upload_2021-2-20_11-34-59.png
     
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  15. trial153

    trial153 Grizzled Veteran

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    Banging on 59K
     
  16. dnoodles

    dnoodles Grizzled Veteran

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    What scares the bejezus out of me more than anything is what that means inflation is doing. Dollar is in a free falllllllllllllllllllllllllllll
     
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  17. fletch920

    fletch920 Grizzled Veteran

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    You better have some foreign securities to hedge the falling US dollar.
     
  18. trial153

    trial153 Grizzled Veteran

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    Free fall? You call 5% free fall? Reading too much right tilt there friend. Didnt see that spin in early 18 when we had an even weaker dollar, and significant more pressure. But I degress, stronger global growth prospects spurned on by the vaccine distribution, and it doesn't take Warren Buffett skill to see shorting sthe dollar a bit right now is good play. On the flip side US products can use the shot in the arm a weaker dollar brings. On a personal note I am not leveraged in any meaningful way so I dont **** my pants with
    when I hear the dirty "I" word.
     
    Last edited: Feb 20, 2021
  19. trial153

    trial153 Grizzled Veteran

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    On a postive note...the inflation, (which I don't see any meaningful inflation fears anyway) scary Mary's are driving up BTC quite a bit. I can see some people wrongly thinking they can hedge against inflation with BTC.......obviously a mistake as BTC is way to volatile to really hedge against....well anything.
     
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  20. dnoodles

    dnoodles Grizzled Veteran

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    that's kinda what I was getting at- the inflation is real but is also driving up demand for BTC so they are kind of a self-priming pump.
    Wait'll the 3rd 3-4 trillion Pandemporculous "relief" bill comes out.
     

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