1. Welcome to DNTrade. If you want to find out about the latest domain name industry news or talk, share, learn, buy, sell, trade or develop domain names - then you've come to the right place. It's a diverse and active community, with domain investors, web developers and online marketers - and it's free! Click here to join now.
    Dismiss Notice

Bitcoins

Discussion in 'General Chat' started by helloworld, Nov 18, 2013.

  1. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    Going a little nuts, in this case, turned out to be a good thing.
     
    chris likes this.
  2. findtim

    findtim Membership: VIP

    Joined:
    Dec 13, 2011
    Messages:
    7,334
    Likes Received:
    1,508
    auDA Member:
    Yes
    i don't do bitcoin, so here is a question !
    IF i had "ONE" bitcoin, today, could i get $2663.72 tomorrow ?
    https://www.screencast.com/t/8K3ga0E3uA

    i will accept transfer fees etc but really can someone give me COLD HARD CASH for it? or is just "bartercard" ?
    and don't answer unless you have done it !!!
    tim
     
    Rhythm likes this.
  3. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    If you had one Bitcoin at Coinjar.com at this very moment you could cash it out for $2,869.80, directly to your bank account.

    Oh, and yes, I've done it.
     
    chris likes this.
  4. chris

    chris Administrator

    Joined:
    Mar 7, 2010
    Messages:
    2,250
    Likes Received:
    820
    auDA Member:
    Yes
    Yes, what @Scott7 said...

    There are lots of platforms (wallets) where you can transfer to and from bank accounts.
     
  5. findtim

    findtim Membership: VIP

    Joined:
    Dec 13, 2011
    Messages:
    7,334
    Likes Received:
    1,508
    auDA Member:
    Yes
    wow, thanks.
    i've read a lot about it, i personally like it and dislike it at the same time........... good on those who bought it for 7cents !
    i'm undecided
    tim
     
  6. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    I've never met someone who got in at 7 cents, however, I have met a couple of people who got in fairly early.

    One guy had over 200 Bitcoin that he acquired in the $15 to $30 range. Unfortunately, he had them all at the Mt Gox exchange when it collapsed and lost the lot. He now works at a Melbourne based Bitcoin startup.

    The other person was a young bloke from Canada who bought in at $5 a coin. He just saw them as an interesting new technology, not a way to make money, and thus spent most of them. From memory, he had about 10 to 15 left.
     
  7. findtim

    findtim Membership: VIP

    Joined:
    Dec 13, 2011
    Messages:
    7,334
    Likes Received:
    1,508
    auDA Member:
    Yes
    i think for me its i had a BADDDDDDDDDDDD experience with "bartercard" when living in brissie so i am a little uneasy about the whole thing, i lost a fair bit of money for something that really didn't exist.

    but good luck to anyone willing to try, i think its truly gambling so " don't bet what you aren't willing to lose" , just like domains i guess.
    tim
     
    snoopy and Rhythm like this.
  8. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    Sound advice.
     
  9. helloworld

    helloworld Membership: VIP

    Joined:
    Apr 21, 2012
    Messages:
    1,113
    Likes Received:
    164
    $90,000 USD per coin that was predicted when they were $385 or so is looking better and better. :D
     
  10. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    Did the prediction come with a suggested time frame?
     
  11. helloworld

    helloworld Membership: VIP

    Joined:
    Apr 21, 2012
    Messages:
    1,113
    Likes Received:
    164
    Not that I recall this was 2013ish it was by some bloomberg dude as I recall.

    On that note, the latest prediction buy the owner of Snapchat is $500K per coin by 2030. Which basically means 5% of the global population will be using it.
     
    Scott7 likes this.
  12. snoopy

    snoopy Membership: VIP

    Joined:
    Jul 14, 2010
    Messages:
    4,364
    Likes Received:
    1,631
    300 years.

    Reminds me a bit of the dow 20,000, 100,000 predictions, you can predict whatever you like one day it will probably come true, even the Dow 7000 predictors would have got it right given the last crash.
     
  13. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    Or the way it's going right now, it might get there by morning. This is insane. o_O

    On the other hand, to borrow a phrase :D, it could be $0.
     
  14. Scott.L

    Scott.L Membership: Trader

    Joined:
    Nov 16, 2010
    Messages:
    648
    Likes Received:
    375
    auDA Member:
    Yes
    Did you also read that very old book written by men bored with life, ultimately a dead end yet, they continue to rely on this theory.


    .
     
  15. helloworld

    helloworld Membership: VIP

    Joined:
    Apr 21, 2012
    Messages:
    1,113
    Likes Received:
    164
    When we first started talking about btc on this forum they were $130 each. Keep grinding .

    Oh and the original post in this thread was $900k each not $90k

    Either way I am happy to ride the wave. If it crashes I will only be cut I didn't sell earlier but I've spent more than 0x that amount on premium domains and they are yet to show the same kind of return
     
    Scott.L likes this.
  16. snoopy

    snoopy Membership: VIP

    Joined:
    Jul 14, 2010
    Messages:
    4,364
    Likes Received:
    1,631
    You were talking up bitcoin (in this thread) in early 2014 when the price was $1300 AUD (ironically the last time Bitcoin peaked). The market soon fell 80%. I do not believe for one moment that you got in early. Gambling mentality with all this.

    Screen Shot 2017-05-24 at 2.02.58 pm.png
     
  17. Scott.L

    Scott.L Membership: Trader

    Joined:
    Nov 16, 2010
    Messages:
    648
    Likes Received:
    375
    auDA Member:
    Yes
    upload_2017-5-24_15-3-55.png

    First post BTC traded @ $514.24 USD Nov 13 [if held, 6 bagger]
    Remember, The drop was initiated by China's warning to banks + several BTC exchanges BTCXchange + MtGox collapse - since then BTC has stabalised albeit, China is hissing at the same comments made today as back in 2013 whilst today BTC is hyperlinking into the exchanges and the Japanese are really getting involved, new bitcoin ATM's are rolling out...crptocurrncy blockchains are emerging everywhere, so much more.
     
  18. Scott.L

    Scott.L Membership: Trader

    Joined:
    Nov 16, 2010
    Messages:
    648
    Likes Received:
    375
    auDA Member:
    Yes
  19. helloworld

    helloworld Membership: VIP

    Joined:
    Apr 21, 2012
    Messages:
    1,113
    Likes Received:
    164
    I think there was another thread before this one. Maybe I am thinking of one of another forum.

    Sure, I like the gambling analogy. In this instance we call it implied pot odds. As I've said, I'm ok with losing my investment on a gamble, I've lost more on domains but I've never had an investment grow 2271.15% in 4-5 years. I did lose half my investment during a break up.

    On a lighter note, there's another SEO I know who hs been boasting about his btc portfolio and also just moved into a $900 a week city apartment. LOL. Well he may actually have had a decent size, mine however is small enough for me not to care but care absolutely should they go ridiculously high
     
  20. Scott7

    Scott7 Membership: Trader

    Joined:
    Jan 21, 2013
    Messages:
    696
    Likes Received:
    517
    auDA Member:
    Yes
    There was. It's here. From memory, the price was about $120 at the time.