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Bitcoin ATM

Social, economic and environmental issues in our ever-changing world.

Re: Bitcoin ATM

Postby GordonH » Aug 15th, 2017, 12:18 pm

Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.
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Re: Bitcoin ATM

Postby forum » Aug 16th, 2017, 5:56 am

GordonH wrote:Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.


Not many. It was just an idea back then. Its not even too late now. Next evaluation is around the $7,000 mark.

The cost of entry is just a bit higher. :130:
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Re: Bitcoin ATM

Postby LANDM » Aug 16th, 2017, 7:00 am

GordonH wrote:Wonder how many people are kicking themselves (including myself) for not buying 5,000 bitcoin @ .008 = $40 (when it first came out in 2009)
Now that worth $21,565,500.

But, how many would have held on to it the entire time. That's the tough part and is no different than any investment, especially highly speculative ones.
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Re: Bitcoin ATM

Postby forum » Aug 29th, 2017, 7:46 am

In another thread I suggested you invest in Litecoin, Ethereum, ripple. All have doubled in value since then. So an investment of only $50K, you'd have doubled your money.

You could have pocketed the $50K profit and still have the same amount of coins invested.

The future is bright, and cryptocurrencies are still in their early stages of growth.
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Re: Bitcoin ATM

Postby Gixxer » Aug 29th, 2017, 9:16 am

There's new ones popping up all the time. I recently bought 40 coins of BNB coin not sure where it will go.
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Re: Bitcoin ATM

Postby forum » Aug 29th, 2017, 7:49 pm

You definitely want to do your research on the coins.

I would stick to investing mostly in the titans: Bitcoin, Bitcoin Cash, Ethereum, Litecoin, Ripple.

If you have a look at https://coinmarketcap.com/ invest in the top 10.

Research and invest decisively in the 10 to 20

And go ahead and gamble you money on the cheap ones.
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Re: Bitcoin ATM

Postby Gixxer » Nov 4th, 2017, 7:23 am

Bitcoin at $9300

Argghh so regret not buying 1000 of them when I first learned about them in 2010.

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Re: Bitcoin ATM

Postby GordonH » Dec 11th, 2017, 6:28 am

Just think what a $100 investment when it was 1 cent would be today.
1 Bitcoin is at $21,489.22 Canadian

ouch is right
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Re: Bitcoin ATM

Postby Dizzy1 » Dec 11th, 2017, 8:52 pm

I know a few people who've invested in this - but I don't know, there's just something not right about this.

https://www.cnbc.com/2017/12/08/where-w ... money.html

Like they say, if its too good to be true - it probably is.
Nobody wants to hear your opinion. They just want to hear their own opinion coming out of your mouth.
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Re: Bitcoin ATM

Postby Gixxer » Dec 12th, 2017, 2:07 am

Im still holding my 2.

Still kicking myself in the butt for not buying a $1000 worth back in 2010. That and trican stock when it dropped to 30 cents a share
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Re: Bitcoin ATM

Postby Woodenhead » Dec 13th, 2017, 2:12 pm

heh, I remember losing a few hundred BTC due to the Mt. Gox debacle. (not mine, was a donation pool for running a website). Luckily, we didn't lose all of it, and the site carries on today largely due to the massive increase in BTC value. :up:
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Re: Bitcoin ATM

Postby GordonH » Dec 13th, 2017, 2:28 pm

GordonH wrote:Just think what a $100 investment when it was 1 cent would be today.
1 Bitcoin is at $21,489.22 Canadian

ouch is right


So $100 dollars investment back when Bitcoin was 1cent per/Bitcoin = 10,000 coins

10,000 × $21,489.20 = here is that ouch moment, now if you waited & sold them at that price $214,892,000
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Re: Bitcoin ATM

Postby Gixxer » Dec 14th, 2017, 1:39 am

When bitcoin first came out it was .08 cents. Im not sure but I dont think you could go out and buy them. A person would have to mine them.
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Re: Bitcoin ATM

Postby GordonH » Dec 14th, 2017, 9:07 am

Gixxer wrote:When bitcoin first came out it was .08 cents. Im not sure but I dont think you could go out and buy them. A person would have to mine them.


Oops my bad, so one mines for 10,000 bitcoins at a cost of $800 dollars instead of $100 dollars. It could be done, since 1 person was able to mine for 1 million bitcoins in the earliest days.
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Re: Bitcoin ATM

Postby Gixxer » Dec 14th, 2017, 10:46 am

Mining wasnt that easy, and it was at random. In the begining the blockchain algorithm was easier to solve, and a miner could get 25 bitcoins. As the blockchain became more difficult miners would have to pool together and split the 25 bitcoin reward.
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