Gyroscopic Investing

I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.

Yes. I see how to get to my account and I click on make payment. It takes me to a page where I can select the amount of the bitcoin to sell and then instructs me to copy a link to my clipboard to use to send the payment. After that I don't know how to proceed. I would like to send the payment to myself somehow, but in the form of actual cash (say to Paypal if its easiest). I can get the link to make the payment but then what should I do to send the payment to myself? Thanks.

dualstow wrote:I will read the pm in a sec. I just googled my wallet string which I found on page 7. Looks like I have 56 transactions and a balance of zero. Funny, I should have only one transaction:Marc’s gift. Hmm.

Uh oh... sounds like you got ganked!

False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.

dualstow wrote:False alarm; I was reading it wrong. Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

Turns out I still have the 0.1 btc. I’m sure I read that wrong a few years ago, too.

Ended up being a quite generous gift! To hold or to sell? (sell)

Bitcoin and Ethereum Prices Take a Hit After Another Cryptocurrency Was Hacked

dualstow wrote:Even though I googled my own wallet string, that seems to be Marc’s that I was looking at. (Zero bitcoins? Hope he has many wallets). I guess that’s the way the ledger works.

dualstow, it's possible to look at how much cryptocurrency other people have if you know how?

I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.

We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?

Don't forget to claim your capital gains on Bitcoin sales. Especially if it is through coinbase. I expect they will get audited if they haven't already.

dualstow wrote:I don't know if I'm looking at the complete picture, but it seems like if you know someone's wallet string, you can google it. It does show the balance as zero. Now I doubt Marc has zero, but maybe that particular wallet does.
I really know very little about bitcoin having done only one transaction: passively receiving fractional bitcoin from Marc.
(I'm waiting on verification from a trading site, but it appears to be out of order this week. Well, not appears. Customer service wrote back to me and confirmed it). So much for cashing out in a hurry. Maybe it'll be fixed when 1 bitcoin = $45.

We need to ask someone who knows what they're talking about. Where's that bitcoin_in_the_vp person? Or Pointed Stick?

Send out the

hahaha!

Kriegsspiel wrote:
Send out the

By the way, that would be funny if bitcoininthevp and Marc were the same person...
...

I wonder how this compares to oil and gas used to pull gold out of the ground.

https://powercompare.co.uk/bitcoin/

Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.

Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?

Kriegsspiel wrote:

Cortopassi wrote:I wonder how this compares to oil and gas used to pull gold out of the ground.

Kriegsspiel wrote: Now, it's gonna take resources to make money, how does bitcoin compare to gold in the resources it takes to "make" it: bitcoin is about 7x more resource-intensive than gold. That's using an "optimistic" number for the energy requirements of bitcoin. Taken from here. But if a bitcoin is worth $6,800 and an ounce of gold is worth $1,275, maybe you could say that bitcoin is only 1.3x as resource intensive ($673 worth of currency created/barrel of oil vs $910 for gold) using the same numbers?

Thanks. Missed that.

When you stop using the "coin" part of the name, the whole issue gets framed differently:

YOU'RE TRADING CURRENCY FOR TOKEN.

Why is it when they show images representing bitcoin, they show goldeny looking coins? Because it farks with the logical part of your brains.

Investors who bought Bitcoin just ahead of Thanksgiving certainly have something to be thankful for. Bitcoin prices breached $11,300 Wednesday for the first time, representing a rise of over $3,100 in a week.

It’s a stunning rise for the cryptocurrency, which only just broke the psychologically important milestone of $10,000 hours earlier

snip

... both Nasdaq and Cantor Fitzgerald are looking to launch bitcoin derivatives.

http://fortune.com/2017/11/29/bitcoin-p ... e-futures/

Seems legit.

No bubble here, not at all.

I am sure some people are making out like bandits. And there's probably still a good amount of time to do it even now.

But a huge number of people are going to be screwed. I will not be one of them.

I liked the offhanded comment on gold here, making it sound bad...

“Bitcoin has no underlying rate of return,” said Bogle at a Council on Foreign Relations event on Tuesday, as reported by Bloomberg. “You know bonds have an interest coupon, stocks have earnings and dividends, gold has nothing. There is nothing to support Bitcoin except the hope that you will sell it to someone for more than you paid for it.”

So tired of Gold...honestly look at the alternative, now BTc 13K, AU can't even hit 1300.

buddtholomew wrote:So tired of Gold...honestly look at the alternative, now BTc 13K, AU can't even hit 1300.

I hope gold prices stay low until I can buy some more from selling stocks.

There's no reason to sell stocks, EVER.

buddtholomew wrote:There's no reason to sell stocks, EVER.

I sell to rebalance, but of course with stocks going up like this it feels funny.
I have also sold individual stocks this year, but since my total stocks (pp + vp) feel so low (40%?), I swapped them out for some Vanguard Total Stock Market. That's something I don't mind buying "at the top."

buddtholomew wrote:So tired of Gold...honestly look at the alternative, now BTc 13K, AU can't even hit 1300.

Perhaps you should sell all your gold and buy Bitcoin.

It can only go up!

I'm waiting for a muggle to ask me about Bitcoin. That's when I'm calling a top.

eufo wrote:I'm waiting for a muggle to ask me about Bitcoin. That's when I'm calling a top.

I get the Harry Potter reference, but does that mean a non investor?

By the way, Craig was right:
https://motherboard.vice.com/en_us/arti ... itcoin-tax

Well, fine with me. Better the IRS than hackers.

dualstow wrote:

eufo wrote:I'm waiting for a muggle to ask me about Bitcoin. That's when I'm calling a top.

I get the Harry Potter reference, but does that mean a non investor?

I believe muggle is what Goldman Sachs calls their customers now that muppet is out of fashion.