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Bit Coin Troubles

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  • #61
    Originally posted by Sparko View Post
    I am sure it will still bounce around some as some people will instantly sell once the stock gets back up to what they paid for it, as they try to get out of what they suddenly realize is a scary risky thing.

    right now I am down about $200 from what I have put into cryptocurrency over time. I bought some bitcoin and etherium back when it was cheaper even than the recent drop, but I also bought some a couple of weeks ago when it was near its peak. That averaged out to a $200 loss, which seems to be recovering.

    I am mostly just playing with it. Maybe I will get lucky and make a killing, or maybe I will lose it all. I am treating it like gambling basically. I have some money in what basically amounts to "penny stock" coins, coins that only cost a few cents each. I bought a few hundred Ankr at 12 cents. If it goes up I could easily double or triple my money. If not, I am only out $50.
    Sell-offs after fluctuations like that are common in virtually every market that experience them, but given its nature, it being even more so with cryptocurrencies seems logical.


    I'm always still in trouble again

    "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
    "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
    "Of course, human life begins at fertilization that’s not the argument." --Tassman

    Comment


    • #62
      Originally posted by rogue06 View Post
      Sell-offs after fluctuations like that are common in virtually every market that experience them, but given its nature, it being even more so with cryptocurrencies seems logical.
      I think I found my new investment! Forget Bitcoin, give me some Bacoin!

      Capitalizing on the popularity of cryptocurrencies in 2018, American meat company Oscar Mayer announced today the launch of "Bacoin" (BACN), a cryptocurrency literally backed by bacon.
      By visiting OscarMayerBacoin.com, users can register to receive some of a limited number of Bacoins, which can be redeemed for actual bacon.
      https://www.forbes.com/sites/jesseda...h=539e1d195f91


      Comment


      • #63
        Originally posted by Sparko View Post

        I think I found my new investment! Forget Bitcoin, give me some Bacoin!

        Capitalizing on the popularity of cryptocurrencies in 2018, American meat company Oscar Mayer announced today the launch of "Bacoin" (BACN), a cryptocurrency literally backed by bacon.
        By visiting OscarMayerBacoin.com, users can register to receive some of a limited number of Bacoins, which can be redeemed for actual bacon.
        https://www.forbes.com/sites/jesseda...h=539e1d195f91


        I'm always still in trouble again

        "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
        "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
        "Of course, human life begins at fertilization that’s not the argument." --Tassman

        Comment


        • #64
          well apparently Bacoin crashed after they realized that you and I own all of the bacon in the universe already.

          Comment


          • #65
            Originally posted by Sparko View Post
            well apparently Bacoin crashed after they realized that you and I own all of the bacon in the universe already.
            But they keep making more




            And... smiley whisper-secret.gifThere's always OBP

            I'm always still in trouble again

            "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
            "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
            "Of course, human life begins at fertilization that’s not the argument." --Tassman

            Comment


            • #66
              Originally posted by rogue06 View Post
              But they keep making more




              And... smiley whisper-secret.gifThere's always OBP


              But the more they make the more we eat. I think we bankrupted the Bacoin.

              Comment


              • #67
                Originally posted by Sparko View Post



                But the more they make the more we eat. I think we bankrupted the Bacoin.
                Well that's two on my scorecard this month

                First causing the rush on gas and now bacoin.



                Momma woulda been so proud like.

                Maybe even pulled her punches, so to speak, when she swung her mop at me.

                I'm always still in trouble again

                "You're by far the worst poster on TWeb" and "TWeb's biggest liar" --starlight (the guy who says Stalin was a right-winger)
                "Overall I would rate the withdrawal from Afghanistan as by far the best thing Biden's done" --Starlight
                "Of course, human life begins at fertilization that’s not the argument." --Tassman

                Comment


                • #68
                  511787d0b057013964fc005056a9545d.jpg

                  Comment


                  • #69
                    OK, so I'm finally above water with my Bitcoin investment --- any insight?
                    The first to state his case seems right until another comes and cross-examines him.

                    Comment


                    • #70
                      I kept buying while the prices were low and now am doing pretty good and made up for what I lost when I bought high just before the crash


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