Bitcoin storms past $11,000 Signals a lost in confidence in traditional investments
- Thread starter Angstrom
- Start date
I guess most people are like me and don't want to take the time to read a complete thread like this one since it is 6 pages long. I don't blame you.
Hi! Captain Morgan
Yes it is a private company. The main product is RAIDA (Redundant Array of Independent Detection Agents) technology. But this is not what I am buying into ..... I am buying CloudCoin which uses RAIDA and not Blockchain like BitCoin and other cryptocurrecies. And, when I used the term "Exchange" I was referring to the BITSHARES Exchange which is a Cryptocurrency exchange and not the Dow Jones or whatever.
Hi! Hoid
Right now, (Before the coins are listed on the exchange) if I wanted to buy them, I find what are called "Trusted Sellers" recommended by CloudCoin. Most want the money first, but I found somebody who gives me the coins first and then I pay the guy and only after I verify that the coins are legit via CloudCoin. You can buy/sell coins peer to peer if you want to. Most all the software developers who worked setting up the CloudCoin enterprise worked for or were paid with CloudCoins and that is what people are selling into the market right now.
After the exchange opens, you would place a buy order or sell order like a normal exchange and make arrangements for payment in any way you choose.
I don't think that anybody in the future is going to want to own any coin which operates on a blockchain. They are way too slow and not as private or as anonymous as many claim. For example, the blockchain details every transaction you do with BitCoin. It knows what you purchased and where. CloudCoin is totally anonymous plus you can carry it in your wallet like a dollar bill unlike Bitcoin.
The reason I speculated that it would go to 10 bucks in 6 months or a year is because I think that everybody is gonna walk away from blockchain coins and buy CloudCoins.
I am 70 years old, I do not need nor want multi-zillions of dollars. I only intend to keep my coins for a year and then dump them. It is just a gamble with me or sort of like a game.
I only invested 1300 bucks and today they are worth 5 thousand bucks.
Hi! Captain Morgan
Yes it is a private company. The main product is RAIDA (Redundant Array of Independent Detection Agents) technology. But this is not what I am buying into ..... I am buying CloudCoin which uses RAIDA and not Blockchain like BitCoin and other cryptocurrecies. And, when I used the term "Exchange" I was referring to the BITSHARES Exchange which is a Cryptocurrency exchange and not the Dow Jones or whatever.
Hi! Hoid
Right now, (Before the coins are listed on the exchange) if I wanted to buy them, I find what are called "Trusted Sellers" recommended by CloudCoin. Most want the money first, but I found somebody who gives me the coins first and then I pay the guy and only after I verify that the coins are legit via CloudCoin. You can buy/sell coins peer to peer if you want to. Most all the software developers who worked setting up the CloudCoin enterprise worked for or were paid with CloudCoins and that is what people are selling into the market right now.
After the exchange opens, you would place a buy order or sell order like a normal exchange and make arrangements for payment in any way you choose.
I don't think that anybody in the future is going to want to own any coin which operates on a blockchain. They are way too slow and not as private or as anonymous as many claim. For example, the blockchain details every transaction you do with BitCoin. It knows what you purchased and where. CloudCoin is totally anonymous plus you can carry it in your wallet like a dollar bill unlike Bitcoin.
The reason I speculated that it would go to 10 bucks in 6 months or a year is because I think that everybody is gonna walk away from blockchain coins and buy CloudCoins.
I am 70 years old, I do not need nor want multi-zillions of dollars. I only intend to keep my coins for a year and then dump them. It is just a gamble with me or sort of like a game.
I only invested 1300 bucks and today they are worth 5 thousand bucks.
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CloudCoin hit 67 cents today.
I own a total of 61 thousand coins which I purchased for 2 cents each.
I paid 13 hundred in Canadian Funds.
If I was to cash out today, after 30% capital gains taxes and whatever else taxes, I would walk away with 25 thousand Canadian minimum.
(Capital Gains: = 50 percent of profit is tax free and I pay 30% of the remaining 50 percent profit.)
I expect CloudCoin to hit 10 dollars American each within a year.
I will begin getting itchy to cash out after it hits 5 dollars American.
A new law is in the works in America where ETF's will be able to buy cryptocurrencies which would mean that these type of currencies could skyrocket.
I own a total of 61 thousand coins which I purchased for 2 cents each.
I paid 13 hundred in Canadian Funds.
If I was to cash out today, after 30% capital gains taxes and whatever else taxes, I would walk away with 25 thousand Canadian minimum.
(Capital Gains: = 50 percent of profit is tax free and I pay 30% of the remaining 50 percent profit.)
I expect CloudCoin to hit 10 dollars American each within a year.
I will begin getting itchy to cash out after it hits 5 dollars American.
A new law is in the works in America where ETF's will be able to buy cryptocurrencies which would mean that these type of currencies could skyrocket.
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Now you can see an increase in the value of bitcoin, which may be due to the global coronavirus pandemic. Here's another reason to talk about conspiracy theories, ha ha ha. In fact, I have recently started using bitcoins myself since a friend and I played at an online casino and won a bitcoin price for the two of us. We split our winnings in half as we were equally stacked in bets and now we are the lucky owners of bitcoin!
Bitcoin has a habit of separating people from their money.
People buy it and it really has no more worth than Canadian Tire money as was suggested earlier. It's the financial equivalent of beanie babies. Ironically, there are those who make money off it but they are far and few and got in early. The others that do are those who are pretty much looking to try to get people to "invest" in something and use the bitcoin as the lure. (Google Arbitrade) It's no surprise that organized crime has latched onto it. Not just OC but Gov'ts have also just out and out seized bitcoins based on their ideas of possible wrongdoing. Also, when exchanges fail, it's curious how bitcoin just goes "missing" with no recourse to find them.
There is a finite supply of bitcoin however, there is also the mysterious person(s) who started the idea holding possibly BILLIONS of dollars worth of them that are sitting and unspent. if those coins were dumped at any point it would destabilize any value assigned to them.
People buy it and it really has no more worth than Canadian Tire money as was suggested earlier. It's the financial equivalent of beanie babies. Ironically, there are those who make money off it but they are far and few and got in early. The others that do are those who are pretty much looking to try to get people to "invest" in something and use the bitcoin as the lure. (Google Arbitrade) It's no surprise that organized crime has latched onto it. Not just OC but Gov'ts have also just out and out seized bitcoins based on their ideas of possible wrongdoing. Also, when exchanges fail, it's curious how bitcoin just goes "missing" with no recourse to find them.
There is a finite supply of bitcoin however, there is also the mysterious person(s) who started the idea holding possibly BILLIONS of dollars worth of them that are sitting and unspent. if those coins were dumped at any point it would destabilize any value assigned to them.