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Ren's old crypto thread || we know how to buy this stuff now (1 Viewer)

Capella said:
wow man cool. Uhhhhh I bought some stuff with USD yesterday too? I even bought a car last week -- crypto ever came up once. 

You're trying to do the Otis-lite shtick from 2006 but it's not working out. Like when people compared Harold Minor to Michael Jordan. 
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LOL a baby Jordan reference!! Nicely done. 

 
to be fair, over the past couple months I have asked several bartenders if I could pay my tab in bitcoins and none of them thought it was funny

 
Peyton Marino said:
ah #### it, one last shot here:

is 'cryptocurency' a misnomer (alternatively: am i ####### clueless about something I like to speak about authoritatively)
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No, I’m fairly confident we’re talking past each other. I fully comprehend what you’re saying, but I’d enjoy the one liners more at this point too - at least I enjoy yours and a few others as well. Jerseyguy is unfortunately the least entertaining and humorous poster I’ve come across on the internet.

 
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It's got little to do with where we are today, more with where we may be in 5 or 10 years. And with retail consolidation - basically Amazon - the prospects for alternative currency formats are considerable given all it will take is a retailer or two to start the landslide. I'm not saying it will happen, but it might, and that's why I'm willing to throw a few grand into the game. I may lose it, and I'm cool with that. 

Once upon a time, I was playing internet IPOs fast and furious. Made very good money on eBay pretty much by accident. Worked for a company that had a moderately successful IPO. Watched as AMZN IPOd and didn't think much of it. Never bought. Then watched NFLX come around. Meh. Google IPOd somewhere in the 400s/share. TOO PRICEY! And the grand daddy of them all, Apple was selling at $12/share or so when Jobs came back. A few grand in those and I'd be a millionaire. I'll admit, I don't really understand this stuff that well. But I'm not passing on opportunity again. Maybe I get it right, maybe I lose it all. I'm cool with that. You won't see me on the sidelines though. Live to regret what you do, not what you don't do.

 
fantasycurse42 said:
Jerseyguy is unfortunately the least entertaining and humorous poster I’ve come across on the internet.
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He's no you, that's for sure.  The entertainment value watching you get clowned over and over again on account of not having a clue and thinking people care about your timepiece is priceless beyond measure.  I'm talking Rolex levels here, a real treasure 

 
Peyton Marino said:
to be fair, over the past couple months I have asked several bartenders if I could pay my tab in bitcoins and none of them thought it was funny
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I was looking at the websites of a lot of coins a few days ago and one of them posted a link to a bar in Nebraska that takes their coin.  lol. 

 
Didn’t know we had a thread on this stuff until I saw it this morning. I went through the first 10 pages or so, interesting read and reaction. 

My wealthy friend told me to buy ETH back in October and I had a few hundo to burn, so I bought some. I thought about it a few times in past weeks but hadn’t been following the movement until I saw my buddy last week and he asked me if I’d seen the price. I bought at $299 so I was ready for him to tell me it was down to $30. 

It wasn’t and now I’m not sure what to do. At this point I’m just trying to learn everything about crypto currencies, conceptually I have a good idea but there is a lot of sideshow stuff going on. That’s what I’m trying to wrap my head around.

The speculation is definitely interesting. I’ll at least keep my eye on the market as a whole. Thanks for the info. :thumbup:  

 
Doctor Detroit said:
Didn’t know we had a thread on this stuff until I saw it this morning. I went through the first 10 pages or so, interesting read and reaction. 

My wealthy friend told me to buy ETH back in October and I had a few hundo to burn, so I bought some. I thought about it a few times in past weeks but hadn’t been following the movement until I saw my buddy last week and he asked me if I’d seen the price. I bought at $299 so I was ready for him to tell me it was down to $30. 

It wasn’t and now I’m not sure what to do. At this point I’m just trying to learn everything about crypto currencies, conceptually I have a good idea but there is a lot of sideshow stuff going on. That’s what I’m trying to wrap my head around.

The speculation is definitely interesting. I’ll at least keep my eye on the market as a whole. Thanks for the info. :thumbup:  
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go to town on this one. It's starting to rise.

Link

 
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Doctor Detroit said:
Didn’t know we had a thread on this stuff until I saw it this morning. I went through the first 10 pages or so, interesting read and reaction. 

My wealthy friend told me to buy ETH back in October and I had a few hundo to burn, so I bought some. I thought about it a few times in past weeks but hadn’t been following the movement until I saw my buddy last week and he asked me if I’d seen the price. I bought at $299 so I was ready for him to tell me it was down to $30. 

It wasn’t and now I’m not sure what to do. At this point I’m just trying to learn everything about crypto currencies, conceptually I have a good idea but there is a lot of sideshow stuff going on. That’s what I’m trying to wrap my head around.

The speculation is definitely interesting. I’ll at least keep my eye on the market as a whole. Thanks for the info. :thumbup:  
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Be careful. Its fun when you first get involved and read everything but it’s easy to get suckered into stuff that really has no tangible function as a coin. I think it’s probably a good idea to hedge the concepts that mimic Ethereum and their smart contracts, dapps, etc. NEO, RaiBlocks and DragonChain are a good start. I’m becoming less and less a fan of the coins with high circulation as they seem to be pump and dumped easy and lead to a lot of stupid with people predicting a bitcoin like rise when there is a billion or more in circulation compared to BTC’s eventual 21mil. Lots of knowledgeable cats around here too it seems.

 
My buddy just built a rig....

Spent 4k and in one month of mining mostly ETH has a net of about $500 after energy increase. So rig should pay off in about 8 months. Thinking of jumping in, but then investing 4k into the market itself is tempting too.

 
Charlie Harper said:
My buddy just built a rig....

Spent 4k and in one month of mining mostly ETH has a net of about $500 after energy increase. So rig should pay off in about 8 months. Thinking of jumping in, but then investing 4k into the market itself is tempting too.
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Cool. Good for him. He should set up cameras in case the feds knock down his door cuz they think he’s growing weed. 

 
Charlie Harper said:
My buddy just built a rig....

Spent 4k and in one month of mining mostly ETH has a net of about $500 after energy increase. So rig should pay off in about 8 months. Thinking of jumping in, but then investing 4k into the market itself is tempting too.
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That's crazy.  I figured the increased difficulty and cost of energy made it infeasible to mine in the US except for people with access to supercheap electricity.  Wouldn't mind having a rig or two myself.  If you get a chance to get the specs/build from him I'd love to hear it.  

 
fantasycurse42 said:
No, I’m fairly confident we’re talking past each other. I fully comprehend what you’re saying, but I’d enjoy the one liners more at this point too - at least I enjoy yours and a few others as well. Jerseyguy is unfortunately the least entertaining and humorous poster I’ve come across on the internet.
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You need to come across more of the internet. 

 
ren hoek said:
He's no you, that's for sure.  The entertainment value watching you get clowned over and over again on account of not having a clue and thinking people care about your timepiece is priceless beyond measure.  I'm talking Rolex levels here, a real treasure 
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A feeble-minded person wouldn’t realize this is a thread for cryptomaniacs, of course everyone will disagree with me, didn’t realize that needed to be pointed out. But enjoy calling me a clown... from a guy who is prob 100% invested in cryptos, that’s laughable!

I’d also bet that if I used the search function in these crypto threads that the amount of people mentioning Rolexes is 2 for every 1 I mention, I love it though, so keep it coming, my favorite shtick on this board.

Also, I’m gonna find a highlight of Troy Aikman yesterday, dude was wearing the 116500 with white face while broadcasting the game - prob easier for him to obtain than me and it looked nicer next to a Super Bowl ring :kicksrock:

 
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fantasycurse42 said:
I picked up a 116500 white dial from an AD at MSRP 2 weeks ago... I can sell it for about 60% more than I paid for it right now and have the money wired to me in about 15 minutes, basically the equivalent to USD. 

I bought a 116610 2 years ago, wear it, use it, love it everyday and somehow can sell it for more today than I paid for it, again, USD wired right to my bank account. 

Oh, and this is a hobby with disposable income on products I enjoy, not an investment, so sweet comparison :thumbup:
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Why would someone pay 60% more for a now used product that you bought for MSRP 2 weeks ago?

Are these super rare and you are of the few people on Earth who can buy them?

Is there a Rolex etf I can invest in? Maybe a 3x leveraged one?

 
eoMMan said:
Why would someone pay 60% more for a now used product that you bought for MSRP 2 weeks ago?

Are these super rare and you are of the few people on Earth who can buy them?

Is there a Rolex etf I can invest in? Maybe a 3x leveraged one?
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Rolex Authorized Dealers have to sell the product at MSRP... Go call a few and ask them to sell you a white face ceramic Daytona, report back. 

 
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eoMMan said:
I don't care enough to call anyone.

It just all seems odd to me that someone would pay that much more for a used watch.
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I’ll make you the same offer I made someone else on this board; if you can find a Rolex dealer to sell you one, I’ll give you an extra $2k on top of what you pay (assuming MSRP) the same day. 

 
fantasycurse42 said:
I’ll make you the same offer I made someone else on this board; if you can find a Rolex dealer to sell you one, I’ll give you an extra $2k on top of what you pay (assuming MSRP) the same day. 
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you should start am alt coin so that people can safely exchange their money trading these watches. 

 
Getzlaf15 said:
you should start am alt coin so that people can safely exchange their money trading these watches. 
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On a watch forum a week ago, someone asked if anyone would sell him a Rolex for Bitcoin, the responses were hysterical - he did find one taker for a 40% premium. 

You guys laugh about Rolex all you want, but the proper model Rolexes are as good a “store of value” as anything.

 
fantasycurse42 said:
On a watch forum a week ago, someone asked if anyone would sell him a Rolex for Bitcoin, the responses were hysterical - he did find one taker for a 40% premium. 

You guys laugh about Rolex all you want, but the proper model Rolexes are as good a “store of value” as anything.
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which is why I suggested you start an alt coin so that they can be safely traded. 

 
I went into a Chicago Bears team thread once. I found nothing but Bears fans there, it was totally bizarre. Then I talked about my Rolex’s, which are obviously the most important thing.

 
Bojang0301 said:
I went into a Chicago Bears team thread once. I found nothing but Bears fans there, it was totally bizarre. Then I talked about my Rolex’s, which are obviously the most important thing.
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Not me who brought Rolex into this conversation, but I'm always happy to discuss them :thumbup:

Facts are not important to cryptomaniacs though, so carry on...

 
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fantasycurse42 said:
Store of value is the weakest Bitcoin argument of them all. I could list about a dozen reasons, but above all, a store of value is supposed to be stable.
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you mentioned that we were talking past eachother.  maybe so, but the issue is not on my end.

yesterday you attacked a bunch of altcoins, and crypto as a whole because it's not currently widely accepted as a form of currency.  I pointed out that currency value is not the only (or even remotely close to the largest) use case for crypto at this point, and that bitcoin represents a tiny part of crypto's overall potential.  I posted an article which lays these points out very clearly.  well, you are now latching onto another minor use case (store of value) for bitcoin (again, not representative of crypto as a whole) and attacking that as well.  I mean, I don't really know what to say at this point.

but to address your point about bitcoin as a store of value, it is absolutely an excellent store of value.  volatility is an intermediate term concern.  these things level off as assets mature.  it has also smacked the #### out of any other asset class since its inception.

but where bitcoin crushes any other store of value is that it is easily transferable anywhere in the world and unable to be seized by any government when stored correctly.  these may not seem like issues in the United States (though they are - spend a couple hours researching civil forfeiture) but they absolutely matter in less politically developed countries.  your country of birth decides to wage genocide on its people - try getting the #### out with your life's savings stored in physical gold or rolexes and get back to me.

 
Peyton Marino said:
you mentioned that we were talking past eachother.  maybe so, but the issue is not on my end.

yesterday you attacked a bunch of altcoins, and crypto as a whole because it's not currently widely accepted as a form of currency.  I pointed out that currency value is not the only (or even remotely close to the largest) use case for crypto at this point, and that bitcoin represents a tiny part of crypto's overall potential.  I posted an article which lays these points out very clearly.  well, you are now latching onto another minor use case (store of value) for bitcoin (again, not representative of crypto as a whole) and attacking that as well.  I mean, I don't really know what to say at this point.

but to address your point about bitcoin as a store of value, it is absolutely an excellent store of value.  volatility is an intermediate term concern.  these things level off as assets mature.  it has also smacked the #### out of any other asset class since its inception.

but where bitcoin crushes any other store of value is that it is easily transferable anywhere in the world and unable to be seized by any government when stored correctly.  these may not seem like issues in the United States (though they are - spend a couple hours researching civil forfeiture) but they absolutely matter in less politically developed countries.  your country of birth decides to wage genocide on its people - try getting the #### out with your life's savings stored in physical gold or rolexes and get back to me.
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To the bold, I'd call that an investment, not a store of value, so again, we're talking past each other. Furthermore, show me the Bitcoin investors using it as a store of value in this country - we both would just be making guesses, but my money is on people piling in for the gains and not the store of value. 

Furthermore, if the USA tries waging genocide on us, I've got (as do we all) much bigger problems than financial ones. However, in this circumstance, physical assets like gold or Rolexes would absolutely be a phenomenal store of value if you have them in your possession. 

 
fantasycurse42 said:
To the bold, I'd call that an investment, not a store of value, so again, we're talking past each other. Furthermore, show me the Bitcoin investors using it as a store of value in this country - we both would just be making guesses, but my money is on people piling in for the gains and not the store of value. 

Furthermore, if the USA tries waging genocide on us, I've got (as do we all) much bigger problems than financial ones. However, in this circumstance, physical assets like gold or Rolexes would absolutely be a phenomenal store of value if you have them in your possession. 
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If I print a piece of paper(nice heavy paper, not some thin cheap stuff) with my Bitcoin wallet address does it turn into a physical possession?

 
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