[QUOTE=GoDong-DK;52802577]You have to weigh that against the risk of it not being recovered, as well as how badly a loss would affect him compared to how much happiness he'd potentially get.
But yeah, I'd say do it if you remember the password - or perhaps they'd do it for no upfront cost if you promise them part of the stash?[/QUOTE]
At the end of the day, if th have the recovery guarantee then it would be worth it for any amount of money less than 200k - that cost less than him being paid a working salary for the entire length of time that them had to interact with the business for, if you were just talking about the numbers.
And a business would maybe do that, but you would honestly be better off just paying for the fee with a credit card. I can't imagine that one drive would cost much more than the ~8k limit on most cards.
found my $400 stash!
[QUOTE=Colliseemoe;52776533]I don’t understand how people can speculate crypto currencies. There is no way to actually assess the real value of any coins unlike stocks or bonds or whatever which are pretty reliably linked to real world events and trends.
I mean when people predict “bitcoin will be 10k by january” where the hell are they pulling this number from. The best you could really do is try to estimate from media hype.[/QUOTE]
Based on tech trends within the blockchain and real world events like japan legally recognizing multiple coin exchanges or major financial players hopping on the chain?
its like you guys know nothing about what youre on about and base your opinion on that...
oh wait
[editline]21st October 2017[/editline]
Literally takes an hour of research to have a pretty functional understanding of how to speculate.
I honestly know little about the raw technical specifics of most altcoins but by following news, buying and selling during the right times, and a little bit of prayer ive turned 20 dollars worth of DOGE into whats currently 680 dollars worth of BTC. And thats just my first investment, ive already cashed out a few others and im heading down to new orleans for a week on a whim tomorrow just cause i can. This is real shit, and the sooner you take the time to understand the ecosystem the sooner you can start generating horizontal income. 700 someodd bucks doesnt seem a lot, but couple a consistent value growth with a full time paycheck and you realize a lot of your financial stresses can literally vanish if you know how to manage your investments
[QUOTE=No Party Hats;52804463]Based on tech trends within the blockchain and real world events like japan legally recognizing multiple coin exchanges or major financial players hopping on the chain?
its like you guys know nothing about what youre on about and base your opinion on that...
oh wait
[editline]21st October 2017[/editline]
Literally takes an hour of research to have a pretty functional understanding of how to speculate.
I honestly know little about the raw technical specifics of most altcoins but by following news, buying and selling during the right times, and a little bit of prayer ive turned 20 dollars worth of DOGE into whats currently 680 dollars worth of BTC. And thats just my first investment, ive already cashed out a few others and im heading down to new orleans for a week on a whim tomorrow just cause i can. This is real shit, and the sooner you take the time to understand the ecosystem the sooner you can start generating horizontal income. 700 someodd bucks doesnt seem a lot, but couple a consistent value growth with a full time paycheck and you realize a lot of your financial stresses can literally vanish if you know how to manage your investments[/QUOTE]
Quit being so high and mighty, you lucked out riding the bubble of cryptocurrencies and that's it. There isn't anything more to your speculation than hindsight bias.
It seems to me that as long as people keep seeing bitcoin purely as an investment option (or as a get rick quick scheme) then it will have trouble working as an actual currency. (e.g. the currency should circulate to businesses in exchange for goods and alike instead of just circulating from investors to other investors)
If the reason the price is increasing is due to demand from investors and not actual users that are using bitcoin on their daily life leads me to wonder if the bubble is going to pop if bitcoin proves to be a bad alternative currency.
I feel like a caveman. Could somebody explain to me why cryptocurrencies are worth anything? Why is bitcoin so expensive, aside from govt recognition and investments? Please, at least point me to an understandable source of information, because I'm bound to get unreasonably cynical about this thing that's supposed to get me out of a job within the decade.
[QUOTE=Demeschik;52805274]I feel like a caveman. Could somebody explain to me why cryptocurrencies are worth anything? Why is bitcoin so expensive, aside from govt recognition and investments? Please, at least point me to an understandable source of information, because I'm bound to get unreasonably cynical about this thing that's supposed to get me out of a job within the decade.[/QUOTE]
[url]https://blog.chain.com/a-letter-to-jamie-dimon-de89d417cb80[/url]
[QUOTE=Headhumpy;52805027]Quit being so high and mighty, you lucked out riding the bubble of cryptocurrencies and that's it. There isn't anything more to your speculation than hindsight bias.[/QUOTE]
when it hit 1k last year i used to think why bother i missed the boat but at the spike earlier this year i put about $400 into btc $200 into eth and have about $1500 now doing nothing, if your willing to take risk doing trading and arbitrage you could make a lot of money
im not blind i know the value could crumble but i never put in more than i could afford, why act so salty about people willing to take a risk and make some money?
i think the comment you made about regulation was on point though there have been a shitload of bullshit scam ico's recently and regulation wont hurt bitcoin some of the hardcore people bang on about decentralization but its not decentralized at all 80% of transactions go through a handful of chinese isp's exchanges and mining groups
[QUOTE=waylander;52805556]
im not blind i know the value could crumble [b]but i never put in more than i could afford[/b], why act so salty about people willing to take a risk and make some money?[/QUOTE]
This is how I've personally always seen things like investing, gambling, or (in this case) investment gambling.
Consider every penny you invest to be lost, just the same as if you spent it all on a bunch of games or something. If you can't afford spending that money on games, then you shouldn't invest or gamble it.
That's always been my personal opinion on the matter.
[QUOTE=waylander;52805556]when it hit 1k last year i used to think why bother i missed the boat but at the spike earlier this year i put about $400 into btc $200 into eth and have about $1500 now doing nothing, if your willing to take risk doing trading and arbitrage you could make a lot of money
im not blind i know the value could crumble but i never put in more than i could afford, why act so salty about people willing to take a risk and make some money?
i think the comment you made about regulation was on point though there have been a shitload of bullshit scam ico's recently and regulation wont hurt bitcoin some of the hardcore people bang on about decentralization but its not decentralized at all 80% of transactions go through a handful of chinese isp's exchanges and mining groups[/QUOTE]
I'm annoyed with the faulty logic and refusal to accept cognitive biases that cryptocurrency speculators (and most other speculators for that matter) exhibit. I don't care if you lucked out and made a ton of money speculating on Bitcoin but talking about it as if you were some kind of investing wizard who totally saw the meteoric rise of cryptocurrencies is redistilled horse urine.
[QUOTE=Gmod4ever;52805831]This is how I've personally always seen things like investing, gambling, or (in this case) investment gambling.
Consider every penny you invest to be lost, just the same as if you spent it all on a bunch of games or something. If you can't afford spending that money on games, then you shouldn't invest or gamble it.
That's always been my personal opinion on the matter.[/QUOTE]
Pretty much, I have some crypto but it's pretty much just some of my YOLO money that has gone towards it.
It might make me part of a worthless drain on finance who's behind almost every economic crisis in history, but speculating is fun :cool:
Its 7k now, bitcoin is the rocket that never stops
Every time I see it in news - I want to go off and buy 1 BTC for 7k or whatever price it is and wait few years until it's like 30k.
But knowing my luck - I will probably buy it for 7k and next day it will de-value all the way to 50 euro.
So I don't do it.
Then next time I see it in news again - my thought process repeats.
[QUOTE=arleitiss;52847264]Every time I see it in news - I want to go off and buy 1 BTC for 7k or whatever price it is and wait few years until it's like 30k.
But knowing my luck - I will probably buy it for 7k and next day it will de-value all the way to 50 euro.
So I don't do it.
Then next time I see it in news again - my thought process repeats.[/QUOTE]
all i can say is that you dont lose money till you sell. if btc was going to crash and never recover itd be insanely telegraphed at this point. like all investments theres risk, but anyone who's held this long can confirm that its always been worthwhile to hold
This is why I haven’t built a new pc in awhile killing me spending over 250 for a card that’s been out a year
[QUOTE=waylander;52847248]Its 7k now, bitcoin is the rocket that never stops[/QUOTE]
Time to go down :cool:
[QUOTE=Fourier;52847406]Time to go down :cool:[/QUOTE]
thats not going to happen until it forks on the 16th
Bit the bullet a week or so ago and threw 400 dollars into bitcoin
A bit addicted to watching the prices rise now
[QUOTE=JeSuisIkea;52847714]Bit the bullet a week or so ago and threw 400 dollars into bitcoin
A bit addicted to watching the prices rise now[/QUOTE]
Dont let a price drop spook you, especially considering you bought during a high. watch fluctuations for sure because at the very least itll help you understand how the market moves but never let it get in your head. Remember: you havent lost a cent till you sell
[QUOTE=No Party Hats;52848373]Dont let a price drop spook you, especially considering you bought during a high. watch fluctuations for sure because at the very least itll help you understand how the market moves but never let it get in your head. Remember: you havent lost a cent till you sell[/QUOTE]
Yeah, plan on staying in for the long haul and hopefully use this along with stock investments and an IRA to form a good savings plan.
Bit worried about the fork though, have a bit of trouble understanding it but hoping it doesn't negatively effect the investment I just made.
does anyone have a coin purse they would like to recommend?
You mean hardware? I think there are 2 options ledger nano and trezor
[QUOTE=JeSuisIkea;52848653]Yeah, plan on staying in for the long haul and hopefully use this along with stock investments and an IRA to form a good savings plan.
Bit worried about the fork though, have a bit of trouble understanding it but hoping it doesn't negatively effect the investment I just made.[/QUOTE]
the fork is a meme dont believe its lies
[editline]2nd November 2017[/editline]
[QUOTE=ss1234;52848762]does anyone have a coin purse they would like to recommend?[/QUOTE]
new ledger coming out soon you oughra wait for
[img]https://i.imgur.com/7VKBddw.png[/img]
Making me wish I could pull a refund on the oldschool silkroad, and cash in a few tens of thousands of bucks.
Gain since January was like 600%. Ridiculous!
as someone who is unaware of how bitcoin works, if i want to invest in it now do i need to shell out 7 thousand bucks just for one coin or do i need to let my PC work overtime for months for a coin? or is there some cheaper way that'll net me some gain in time?
[QUOTE=LeonS;52855964]as someone who is unaware of how bitcoin works, if i want to invest in it now do i need to shell out 7 thousand bucks just for one coin or do i need to let my PC work overtime for months for a coin? or is there some cheaper way that'll net me some gain in time?[/QUOTE]
You don't have to buy a whole coin, you can buy partial coins.
[QUOTE=LeonS;52855964]as someone who is unaware of how bitcoin works, if i want to invest in it now do i need to shell out 7 thousand bucks just for one coin or do i need to let my PC work overtime for months for a coin? or is there some cheaper way that'll net me some gain in time?[/QUOTE]
You can just buy fractions of coins.
One benefit of cryptocurrencies is that they can be broken down almost infinitely into small portions (probably limited by the double precision floating point limit, but that's absurdly high). I think this aspect of them is in part why they manage to constantly increase in value too, as unlike a real currency there isn't really anything stopping people from just trading smaller and smaller portions of it. A real world currency would be adjusted as it deflated to prevent it from spiralling out of control as we see with these stupidly huge Bitcoin value jumps.
[QUOTE=LeonS;52855964]as someone who is unaware of how bitcoin works, if i want to invest in it now do i need to shell out 7 thousand bucks just for one coin or do i need to let my PC work overtime for months for a coin? or is there some cheaper way that'll net me some gain in time?[/QUOTE]
You can buy in floating point increments (i.e. you can buy 0.0000001 bitcoins if you want). Also there's no way you'll get even 1 coin mining.
alright, cool. thanks. i want to get rich as well so ill start slow somewhere.
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