PooDoo said:

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aTmAg said:

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PooDoo said:

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Quote:

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Bitcoin was invented out of air with a value made of air

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What isn't?

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Almost everything else.

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Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

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The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

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Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

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Kinda like fiat money.

leakypipes said:

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aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

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Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Kinda like fiat money.

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Exactly like fiat money. Except that at least fiat money is stable enough to act as money. Bitcoin doesn't even have that going for it.

aTmAg said:

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leakypipes said:

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aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

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Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Kinda like fiat money.

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Exactly like fiat money. Except that at least fiat money is stable enough to act as money. Bitcoin doesn't even have that going for it.

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SOME fiat is stable, I wouldn't say all fiat is stable enough to act as a currency.

leakypipes said:

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aTmAg said:

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leakypipes said:

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aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

---

Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Kinda like fiat money.

---

Exactly like fiat money. Except that at least fiat money is stable enough to act as money. Bitcoin doesn't even have that going for it.

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SOME fiat is stable, I wouldn't say all fiat is stable enough to act as a currency.

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No, fiat sucks in general. I agree. But bitcoin is even worse.

txagbear said:

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Whatever happened to the guy who was always pushing bitcoin? Suicide?

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I think he's banking on weed now.

aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

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Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Not someday... is there anything someone can't buy with bitcoin right now?

Bitcoin's stability is perspective. Take Venezuela for instance. Bitcoin is a lot more stable than the bolivar is.

Compared to the dollar, bitcoin is unstable. In Venezuela, the bolivar is the opposite compared to bitcoin.

leakypipes said:

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Bitcoin's stability is perspective. Take Venezuela for instance. Bitcoin is a lot more stable than the bolivar is.

Compared to the dollar, bitcoin is unstable. In Venezuela, the bolivar is the opposite compared to bitcoin.

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Some people have the privilege of waking up in a country everyday not having to worry if their life savings is at risk of hyperinflation or confiscation (for now).

Many others out there do not have this privilege.

PooDoo said:

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aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

---

Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Not someday... is there anything someone can't buy with bitcoin right now?

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For way less than if they bought bitcoin a year ago. That's the point. They only bought bitcoin because they thought someday they would be able to sell it for way more than they bought it and then buy more real stuff. They did not buy it because they wanted the bitcoin itself. People buy artwork, software, etc. because they actually want those things.

txagbear said:

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Whatever happened to the guy who was always pushing bitcoin? Suicide?

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Fooled a bunch of people into buying when he was selling. Now he's trying to cash in on the weed market. Constantly touts how open minded and well researched he is while telling you how ignorant you are.

PooDoo said:

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aTmAg said:

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PooDoo said:

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aTmAg said:

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PooDoo said:

---

Quote:

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Bitcoin was invented out of air with a value made of air

---

What isn't?

---

Almost everything else.

---

Artwork, patents, a lot of software, that are worth a ton of money are pretty much created out of thin air.

---

The difference between those and bitcoin is that people want those things for themselves. People want bitcoin because they think someday they can trade it for something else that they want. They don't give a rats ass about the bitcoin itself.

---

Not someday... is there anything someone can't buy with bitcoin right now?

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Votes?

I thought it had already crashed again.

Is bitcoin dead yet?

Just curious.

Bitcoin yearly lows.

2012 - $4
2013 - $65
2014 - $200
2015 - $185
2016 - $365
2017 - $780
2018 - $3200
2019 - $3900

Wheels is rich and living on a beach drinking cocktails somewhere.

I bet that dude was loaded up with bitcoin when it was worth only a few dollars.

I wish I had listened to him.

cr said:

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Wheels is rich and living on a beach drinking cocktails somewhere.

I bet that dude was loaded up with bitcoin when it was worth only a few dollars.

I wish I had listened to him.

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I think hes probably smoking butts outside of a methadone clinic with Spyderman but that's just me

Nah, he just changed his handle to administrative errors and is pushing hemp/cannabis now.

BoilerAg10 said:

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Nah, he just changed his handle to administrative errors and is pushing hemp/cannabis now.

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I think I discuss all of my favorite topics pretty evenly. After talking about crypto for 5/6 years on this site and getting banned/deleted posts, permabanned username, etc, somewhat jaded me.

But yes I would recommend investing in knowledge in hemp and cannabis just as much as cryptocurrency.

I sold all my btc and alt coins on Christmas Day of 2017.

I was up thousands of % and decided why keep risking it? Made nearly 15 mil... initial investment was around 6k...

I donmt have to ever work again.. so.. to all thos BITCOIN haters... I feel bad you missed it!!

It pays to stumble on internet money while gambling
No, I'm not 30 yet..

Yes, I plan on buying more Btc... still a STEAL at 3.8k...

Jizzle89 said:

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I sold all my btc and alt coins on Christmas Day of 2017.

I was up thousands of % and decided why keep risking it? Made nearly 15 mil... initial investment was around 6k...

I donmt have to ever work again.. so.. to all thos BITCOIN haters... I feel bad you missed it!!

It pays to stumble on internet money while gambling
No, I'm not 30 yet..

Yes, I plan on buying more Btc... still a STEAL at 3.8k...

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Ya, but your username is still "Jizzle".

Jizzle89 said:

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I sold all my btc and alt coins on Christmas Day of 2017.

I was up thousands of % and decided why keep risking it? Made nearly 15 mil... initial investment was around 6k

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Weird, since you posted on November 29, 2017 that you just started investing in crypto weeks prior, and only in three coins, as of November 29, 2017, none of which would increase a $6,000 investment to $15 million in that timeframe.

https://texags.com/forums/57/topics/2853323/replies/50549453#50549453

Jizzle89 said:

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Looking for best to buy/sel for cheapest fee and best security, while also expanding past just BTC/LTC/ETH that I am in now (only 3 CoinBase offers)

I'm a rookie at this, bought in and got started checking out crypto $$ just 5 weeks ago......

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On January 16, 2018, you posted that you had an 85% portfolio loss.

https://texags.com/forums/57/topics/2853323/replies/50988998#50988998

Jizzle89 said:

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Up to 85% portfolio loss.

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Subsequently, on June 20, 2018, you made posts about not having a ton of available capital to put towards a down payment in a house in Tyler, Texas, and would have a roommate. Amazing that someone with $15 million in the bank and retired would struggle with that. Tyler is such a high cost of living city...

https://texags.com/forums/42/topics/2957640/replies/52004106#52004106

Jizzle89 said:

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Potentially setting my roots down in Tyler this year, next at latest.

I have had some meetings with realtors about $$, the search for homes, what to expect, lenders recommended etc.

Any words of wisdom or some "don't ever do this, or always do this" that you might help me avoid or make sure gets done?

Single, no dependents, will have a roomate or two for a bit to start, no student loans, but minimal up front capital at this moment.

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I could keep going on and on, based on your post history, where you repeatedly describe yourself as an amateur with crypto, ask for info as to how to invest in stocks, because you've never done it before, brag about a $12 profit on a crypto trade, etc, but I think I've made my point that you're full of it.

I'm getting mfbarnes vibes.

headshot

Damn!

Mfbarn'd

Hardest working man in bitcoin

This is like Barnes levels of pain!

Have we found this year's MFBarnes or Akita already? It's still so early.

It is barnes himself. He wont be back to this thread

94chem said:

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pagerman @ work said:

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Crypto currencies are not an investment, they are a bet.

Which is fine, but they are not an investment.

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Investment, bet, whatever. Doesn't matter. You buy them with dollars, and you measure their worth in dollars. It's circular reasoning to assign some revolutionary meaning.

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Sounds like the currency involved is dollars.

Ouch