01-17-2018, 05:54 PM | #1 |
Drives: 2017 Silverado Join Date: Mar 2017
Location: Muncie
Posts: 217
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Cryptocurrencies
Any of you use them? I did at the start but got out of it back when bitcoin was $40 a piece.
I am getting back into it now with this latest market crash. Discuss.
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'14 2SS A6, CAI, 2" TSP Headers and tune: SOLD
'13 SS @ Burkhart Chassis |
01-17-2018, 06:42 PM | #2 | |
Commits weekly crime
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Not bitcoin, however it's one of the many competitors...who just scammed all their customers and shut down taking all their money. There is no consumer protection from scams from any of these outfits, so if your account is hacked and they pull all your money out...you would lose it all. It's not like banks where the FDIC protects the consumers from fraud.
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2017 Camaro 1LT - Blue Barchetta IV
I fire up the willing engine, responding with a roar. Tires spitting gravel I commit my weekly crime. |
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01-17-2018, 06:52 PM | #3 |
Drives: 2014 2LT RS Summit White Join Date: Apr 2017
Location: Cincinnati
Posts: 622
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My son was mining Bitcoin and Litecoin with his gaming computer back when Bitcoin were $10 each. He also mined 2.7 million Dogecoin the day they came out.
He sold one of the Bitcoins for $20 and some more when Bitcoin hit $1000 but he still has a handful of coins worth a few thousand. I wish I had put $1000 into Bitcoin when it was $10 but knowing how it was back then - wild wild west doesn’t come close - it would have been like giving $1000 to a random guy on the street and telling him to pick you up some groceries and deliver them to your house next week. |
01-17-2018, 07:14 PM | #4 | |
Drives: 2017 Silverado Join Date: Mar 2017
Location: Muncie
Posts: 217
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Quote:
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'14 2SS A6, CAI, 2" TSP Headers and tune: SOLD
'13 SS @ Burkhart Chassis |
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01-18-2018, 01:15 PM | #5 |
Flying da helicopter
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I have a couple thousand in Litecoin and Ethereum but I once I made my money back, I took out my initial investment and left the rest to grow or fail as it wishes.
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01-18-2018, 03:30 PM | #6 |
Drives: 2012 2SS Victory Red with white st Join Date: Jun 2016
Location: NC
Posts: 1,612
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Just a big pyramid scheme
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01-18-2018, 09:05 PM | #7 |
Back in September our Quick Books data was encrypted and held for ransom. Payment was demanded in bitcoin. I new right then I needed to buy all I could, wish I would have.
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JRE 750 HP package
Rag Top Rob |
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01-19-2018, 11:41 AM | #8 |
Drives: 2012 2SS Victory Red with white st Join Date: Jun 2016
Location: NC
Posts: 1,612
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They did the same thing to Charlotte NC
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01-19-2018, 12:25 PM | #9 | |
Drives: Camaro Join Date: Jul 2017
Location: Seattle
Posts: 2
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Quote:
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01-19-2018, 01:13 PM | #10 |
Instagram: Sangstah
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I heard about bitcoin a few years back from friends in Europe and never bothered to invest since it was so volatile. Who would have thought it would have blown up like it did. It still is a big risk and who knows where it will land, I definitely don't trust all these random "coins" popping up for sure but I have a few friends who "mine" for other companies which isn't so bad.
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2019 SS 1LE - "CaSSandra" 2014 SS - "AleSSandra - Sold" 94 Z28 - Sold
Follow the build https://www.camaro6.com/forums/showthread.php?t=612717 |
01-19-2018, 02:37 PM | #11 |
Drives: Love the one you're with Join Date: Sep 2009
Location: Downtown Charlie Brown
Posts: 11,850
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Can some one explain these to someone who knows nothing about them. This is the third thing this week Ive read about them and have no idea what it even is and why are they valued ?
Thanks in advance |
01-19-2018, 03:49 PM | #12 | |
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Quote:
https://www.amazon.com/dp/1549803972
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It's been fun, done with GM.
2018 Camaro ZL1 (SOLD) - Blown Airbags 2017 Camaro SS F1FTY Member Journal (SOLD) - Bad Motor |
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01-19-2018, 04:41 PM | #13 | |
Drives: 2017 Silverado Join Date: Mar 2017
Location: Muncie
Posts: 217
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Quote:
I just got 2 GTX 1060's mining
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'14 2SS A6, CAI, 2" TSP Headers and tune: SOLD
'13 SS @ Burkhart Chassis |
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01-20-2018, 11:31 AM | #14 |
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Congrats, that's a good investment. Which coin are you mining?
I've mined Litecoin and Vertcoin since they're script-based. I have a tiny ASIC card running an LTC miner, but i've stopped recently to focus more on trading.
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It's been fun, done with GM.
2018 Camaro ZL1 (SOLD) - Blown Airbags 2017 Camaro SS F1FTY Member Journal (SOLD) - Bad Motor |
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