U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 06-13-2018, 07:02 PM
 
3,265 posts, read 1,719,328 times
Reputation: 2773

Advertisements

I wanted to invest in bitcoin but waiting for the right price.
Reply With Quote Quick reply to this message

 
Old 06-14-2018, 03:15 AM
 
64,507 posts, read 66,075,955 times
Reputation: 42955
and the right price is ?

i would consider again at 2500
Reply With Quote Quick reply to this message
 
Old 06-14-2018, 04:24 AM
 
Location: Prepperland
13,115 posts, read 9,199,435 times
Reputation: 8982
Quote:
Originally Posted by jrkliny View Post
Crypto has not crashed, but sooner or later it will. For the US only the Federal government can issue money. Sooner or later, if it becomes a big enough issue, it will not be allowed.
You do know that CONgress only has the power to coin money (stamp bullion) or borrow money. CONgress has no power to CREATE money (as in create bullion). See Art 1, Sec 8, USCON.

And furthermore the "dollar bill" (Federal Reserve Note) is an IOU denominated in dollars. [debt]
And worse, was repudiated in House Joint Resolution 192, June 1933, making FRNs into worthless IOUs.

But few bother to read their own laws and thus are fooled by one set of con men.
No surprise that another gang of crypto-cons can fool the (m)asses.
Reply With Quote Quick reply to this message
 
Old 06-14-2018, 05:44 PM
 
8,272 posts, read 3,452,461 times
Reputation: 1584
Quote:
Originally Posted by jetgraphics View Post
You do know that CONgress only has the power to coin money (stamp bullion) or borrow money. CONgress has no power to CREATE money (as in create bullion). See Art 1, Sec 8, USCON.

And furthermore the "dollar bill" (Federal Reserve Note) is an IOU denominated in dollars. [debt]
And worse, was repudiated in House Joint Resolution 192, June 1933, making FRNs into worthless IOUs.

But few bother to read their own laws and thus are fooled by one set of con men.
No surprise that another gang of crypto-cons can fool the (m)asses.
Coinage is a job of the Treasury/Executive branch.
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 02:53 PM
 
Location: Brooklyn, New York
3,231 posts, read 3,473,865 times
Reputation: 2850
Quote:
Originally Posted by mathjak107 View Post
and the right price is ?

i would consider again at 2500
I'll probably jump in if it hits around $3.5-4k
Reply With Quote Quick reply to this message
 
Old 06-15-2018, 05:25 PM
 
8,272 posts, read 3,452,461 times
Reputation: 1584
Quote:
Originally Posted by Gantz View Post
I'll probably jump in if it hits around $3.5-4k
My opinion would be larger stupid buying Crypto on the way down.
Reply With Quote Quick reply to this message
 
Old 06-16-2018, 08:34 PM
Status: "Career Changer" (set 13 hours ago)
 
1,004 posts, read 288,332 times
Reputation: 1349
Most ICO's are scams. So far 47% of 2017 ICO's are toast.
https://news.bitcoin.com/46-last-yea...ailed-already/

Cryptos claim to be decentralized - that claim is not borne out by the evidence. Whales control most of it. Exchanges control the remainder. Both are centralization factors.

Cryptos claim to be secure. Also false. Hacks happen all the time. People lose their coins all the time.

Cryptos tend to be cults. When someone gets hacked, the cultists blame the victim and not the criminal who stole. "See? You should have followed the 204 page instructions to the letter!!!"

I am a big fan of the /r/buttcoin subreddit.
Reply With Quote Quick reply to this message
 
Old 06-17-2018, 03:21 AM
 
Location: Prepperland
13,115 posts, read 9,199,435 times
Reputation: 8982
Quote:
Originally Posted by Hoonose View Post
Coinage is a job of the Treasury/Executive branch.
Which is empowered by legislation enacted by CONgress.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Similar Threads
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top