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#16
12-06-2017, 11:32 PM
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I hope none of you are investing in bitcoin. It's meteoric rise does not compute. Someone somewhere is buying it all up and then they are going to dump it all at once and become richer than you can imagine.
Look up silver crash of the late '70s.
__________________
 “We are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield.”—George Orwell, 1946 "The race may not always be to the swift nor the victory to the strong, but that's how you bet." - or - that's how the smart money bets...attributed to Damon Runyon 
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#17
12-07-2017, 07:05 AM
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My 11 y/o and 6 y/o granddaughters can do that math in there head in seconds and then look at you like really!!!!
__________________
Here by Invitation,Thanks for the invite.Dooer of Circles An owner of FORTY THREE screwdrivers Road Wrench            
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#18
12-07-2017, 09:03 AM
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it is not an exercise, it is a concept.
__________________
“We are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield.”—George Orwell, 1946 "The race may not always be to the swift nor the victory to the strong, but that's how you bet." - or - that's how the smart money bets...attributed to Damon Runyon
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#20
12-07-2017, 06:15 PM
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this is an interesting article about the energy demands of bitcoin. Energy needed to run the computers that manage bitcoin.
http://money.cnn.com/2017/12/07/tech...ent/index.html I can't wait.
__________________
“We are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield.”—George Orwell, 1946 "The race may not always be to the swift nor the victory to the strong, but that's how you bet." - or - that's how the smart money bets...attributed to Damon Runyon
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#21
12-07-2017, 08:04 PM
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Quote:
If only. It’s been quite some time since anything tangible backed currency. GDP backing confuses my simple mind. But not nearly as much as bitcoin. Quote:
Lowest common denominator. Yet another step toward idiocracy. Sent from my iPhone using Tapatalk
__________________
Alan                   "I want to live and ride free, unencumbered by all but God's love." ~ Red Rider
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#22
12-08-2017, 12:13 AM
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here is a CNN Money article on bitcoin. I still don't understand it.
http://money.cnn.com/2017/12/07/tech...ner/index.html
__________________
“We are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield.”—George Orwell, 1946 "The race may not always be to the swift nor the victory to the strong, but that's how you bet." - or - that's how the smart money bets...attributed to Damon Runyon
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#23
12-08-2017, 10:00 AM
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Quote:
__________________
 Master of Contemplation
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#24
01-17-2018, 03:49 PM
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Just as predicted ....
http://money.cnn.com/2018/01/17/inve...rop/index.html
Bitcoin keeps tumbling. The price of the volatile digital currency briefly dipped below $10,000 around 7 a.m. ET on Wednesday, its lowest level since late November, according to data from CoinDesk.com. Bitcoin has dropped nearly 30% this week and has lost almost half of its $19,343 peak value on December 16. Bitcoin approached its record as it launched on futures exchanges in the United States. But it has since fallen sharply.
__________________
“We are all capable of believing things which we know to be untrue, and then, when we are finally proved wrong, impudently twisting the facts so as to show that we were right. Intellectually, it is possible to carry on this process for an indefinite time: the only check on it is that sooner or later a false belief bumps up against solid reality, usually on a battlefield.”—George Orwell, 1946 "The race may not always be to the swift nor the victory to the strong, but that's how you bet." - or - that's how the smart money bets...attributed to Damon Runyon
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