|
Off Topic Off Topic - General non-Corvette related discussion. |
|
Share | Thread Tools | Search this Thread |
02-21-2021, 9:26am | #21 | ||||||
Vette Barn Crew
Join Date: Dec 2019
Location: Lake Michigan's South Shore
Posts: 764
Thanks: 80
Thanked 775 Times in 356 Posts
Gameroom Barn Bucks: $1002620
|
In like 20 words or less . . .
How can one who obtained bitcoin ( by any means ~ ) turn this into real US Currency ? Asking for a Friend of a Friend who may know somebody |
||||||
The Following User Says Thank You to A/E For This Useful Post: |
02-21-2021, 9:56am | #22 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
https://www.coinbase.com/ |
|||||||
02-21-2021, 10:12am | #23 | ||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
|
||||||
02-21-2021, 11:01am | #24 | ||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Why not just use cash from the get-go?
Seems like a bunch of effort with zero monetary improvements and if the price drops like it has in the past, a huge portion of purchasing power could be lost? Or gained, based on chance. Internet gambling isn’t an “investment”. |
||||||
02-21-2021, 11:04am | #25 | |||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
Quote:
How do you protect yourself from the government from doing that to the US dollar now? |
|||||||
02-21-2021, 11:07am | #26 | ||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
|
||||||
The Following User Says Thank You to Dan47 For This Useful Post: |
02-21-2021, 11:17am | #27 | |||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Quote:
If your goal is inflation protection, why speculate with Bitcoin when commodities with thousands of years of proven performance are available? |
|||||||
02-21-2021, 11:50am | #28 | ||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
|
||||||
02-21-2021, 1:44pm | #29 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
Diversification. That being said, Bitcoin has been making new highs over and over again for the past 24 hours. Next stop..... $58k baby !!! |
|||||||
02-21-2021, 1:53pm | #30 | |||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
Quote:
I am not looking for government protection. They are the last people I would trust with my money. That being said, I have made a LOT of money in the past month off crypto. Like I have said in the past, investing in new technology and new ideas is not for the faint of heart. Plus, any companies you may be invested in currently will soon be holding crypto. Therefore, you will be holding it in one way or another very soon.
__________________
This is my signature |
|||||||
The Following User Says Thank You to Rob For This Useful Post: |
02-21-2021, 1:57pm | #31 | |||||||
Barn Stall Owner #2112
Fantasy Football Champ '14,'16,'20 Bantayan Kids '13
Join Date: Jan 2011
Location: WHERE I LAY MY HEAD IS HOME - REHO BEACH DELAWARE
Posts: 42,419
Thanks: 6,373
Thanked 10,607 Times in 6,383 Posts
Gameroom Barn Bucks: $3043611
|
Quote:
|
|||||||
02-21-2021, 2:33pm | #32 | ||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
__________________
This is my signature |
||||||
The Following 2 Users Say Thank You to Rob For This Useful Post: |
02-21-2021, 2:42pm | #33 | |||||||
Barn Stall Owner #17
Barn Raising II NCM Supporter '12,'14,'15,'16,'17,'19 Bantayan Kids '13,'14,'15,'17 GTMS ‘18
Join Date: Jun 2011
Location: PA/FL
Posts: 16,549
Thanks: 3,847
Thanked 8,161 Times in 4,265 Posts
Gameroom Barn Bucks: $10510030
|
Quote:
__________________
Vette-less but not without toys |
|||||||
02-21-2021, 3:17pm | #34 | |||||||
Barn Stall Owner #55
Island14 Cardio Team
Join Date: Jan 2011
Location: A sympathetic, well-meaning, elderly man with a poor memory
Posts: 14,852
Thanks: 3,779
Thanked 9,241 Times in 4,399 Posts
Gameroom Barn Bucks: $23236
|
Quote:
|
|||||||
02-21-2021, 3:40pm | #35 | |||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
Quote:
There are many levels of investing in crypto. I guess it all depends on how you want to invest. I hold several stocks that are based on Bitcoin and other crypto currencies and I own actual coin. For the average person, investing in something like MSTR, BITW, GBTC are the simplest methods.
__________________
This is my signature |
|||||||
02-21-2021, 7:07pm | #36 | |||||||
Barn Stall Owner #1120
NCM Supporter '20,'21
Join Date: Jan 2016
Location: La Isla de Ira
Posts: 17,955
Thanks: 3,957
Thanked 18,876 Times in 8,364 Posts
Gameroom Barn Bucks: $1030760
|
Quote:
https://99bitcoins.com/bitcoin/who-accepts/ |
|||||||
02-21-2021, 7:47pm | #37 | ||||||
Barn Stall Owner #15
Fantasy Football Champ '11,'13,'17
Join Date: Jan 2011
Location: Somewhere between mild insanity and complete psychosis.
Posts: 7,973
Thanks: 319
Thanked 2,462 Times in 1,242 Posts
Gameroom Barn Bucks: $1050381
|
I'm out of MSTR. Didn't sell the top but did sell above $1,000. Ripped WAY ahead of Bitcoin, and the price reflects paying a HUGE premium for bitcoin since the underlying business is worthless dog-shit.
Just using GBTC now. |
||||||
02-21-2021, 7:50pm | #38 | |||||||
Barn Stall Owner #106
Join Date: Jan 2021
Posts: 15,083
Thanks: 12,411
Thanked 3,956 Times in 1,657 Posts
Gameroom Barn Bucks: $500
|
Quote:
So much nonsense. I get the making money part, although neither dollars nor Bitcoin is actually money. One is a currency and the other is a scam. Of course gains are gains, at least nominally. No such thing as a free lunch. |
|||||||
02-21-2021, 7:58pm | #39 | ||||||
Sparkles Flambeaux
Barn Stall Owner #4 Barn Raising I,II NCM Supporter '13,'14,'15,'16,'17,'21 Bantayan Kids '13,'14,'15,'17
Join Date: Jan 2011
Location: Santa Fe, NM
Posts: 61,541
Thanks: 11,807
Thanked 33,139 Times in 14,196 Posts
Gameroom Barn Bucks: $17500122
|
the US govt has their taxing power and printing press and mint and the military to defend the US dollar.
who or what defends bitcoin? it's just numbers on a computer chip. no power, no reading of chip. chip lost or corrupted, contents gone. poof. i can trust a bank or brokerage to keep my money safe from theft or corruption. how does one keep come computer numbers safe? |
||||||
02-21-2021, 8:07pm | #40 | ||||||
Administrator
Barn Stall Owner #14 Barn Raising II,III Chef NCM Supporter '11,'12,'13,'14,'15,'16,'17,'20 Bantayan Kids '13,'14,'15,'17 Ukranian Famers are the modern day Chuck Norris
Join Date: Oct 2009
Location: between here and there
Posts: 25,056
Thanks: 9,362
Thanked 14,321 Times in 5,475 Posts
Gameroom Barn Bucks: $17601606
|
The blockchain
__________________
This is my signature |
||||||
|
|
Support the Barn: |
Download the Mobile App; |
Follow us on Facebook: |
||