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BITCoin

gtk

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Joined
Jan 26, 2001
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4,636
Location
Colorado via Mississippi
A few months ago, I accidentally bought some bitcoin twice. Turned out one bitcoin tx was rejected so I ended up with an extra $200 in bitcoin.

I checked on the value at first, but sort of forgot about it. It wasn't really changing so i just left it.

I saw a blurb on the news about bitcoin tanking, so I checked on mine. DANG I wish I had checked on it two days ago !!

Now i need to decide whether to leave it or cash out.
 
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TAFKAP

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Joined
Nov 6, 2009
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13,443
Location
Memphis
seats ejection GIF
 

backyardtndeer

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Jul 29, 2015
Messages
2,030
My son in law said he wanted to get into bitcoin back around Christmas. He is currently an unemployed chemical engineer, very smart kid, but is drawing unemployment and can't find a job. I just said hmmm, while thinking to myself priorities??? Wanted to tell him now is not the time, but kids these days know it all and don't like to open their ears.
 

gtk

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Jan 26, 2001
Messages
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Location
Colorado via Mississippi
And where do you cash this out?
I think there is a way to txfer/cash out , into m y checking account from whence i originally purchased bitcoin.

i will prob cash it out, but also wonder what would it look like in 3-4 yrs ? $200 isn't going to make/break me .
 

gasman

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Joined
Jul 21, 2011
Messages
4,837
Location
Haywood Co
I think there is a way to txfer/cash out , into m y checking account from whence i originally purchased bitcoin.

i will prob cash it out, but also wonder what would it look like in 3-4 yrs ? $200 isn't going to make/break me .
Hold on to it. It's only going up. It will fall and climb, but it will continue to rise. JMO
 

Blackbeard

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Staff member
Joined
Oct 8, 2020
Messages
313
I’m holding mine right now. I’ve been slowly buying btc and eth with my lottery money. Friends gave me .01 ($50) btc for a birthday gift...it was work almost $800 the other day. Lol 😂
 

Tennrock

Active Member
Joined
Mar 9, 2012
Messages
656
Location
Wayne County
Don't forget your password. 😰


There’s one password San Francisco programmer Stefan Thomas probably should have memorized. It’s standing between him and $240 million.

Thomas holds a small hard drive, called an IronKey, that contains the keys to a digital wallet containing 7,002 Bitcoin, the New York Times reported Tuesday. That amounts to exactly $242,546,164.27.

But Thomas can’t seem to figure out the password — and he only has two more chances to get it right. The IronKey only allows users ten guesses.

Thomas said he lost the paper where the password was written years ago. He’s already tried eight of his most commonly used passwords.
 

gtk

Administrator
Staff member
Joined
Jan 26, 2001
Messages
4,636
Location
Colorado via Mississippi
I’m holding mine right now. I’ve been slowly buying btc and eth with my lottery money. Friends gave me .01 ($50) btc for a birthday gift...it was work almost $800 the other day. Lol 😂
i just checked mine again. I think we should have sold the other day.. there goes another couple hundred $'s.
 

flyinpro

Well-Known Member
Supporter
Joined
Jun 10, 2013
Messages
811
Location
Blount Co, TN
I don’t know very much about it. Haven’t tried to study it. But anything electronic these especially gives me pause.

I’m hoping quid Pro Joe won’t cut off my military pension to fund Guatemalan housing.
 

Rancocas

Member
Joined
Nov 29, 2005
Messages
280
Location
Ocoee Country/Cleveland
My wife does the stock buying and selling in our family; and she does very, very well at it. ():~)
My suggestion - if you really need the cash, sell some of your stock, maybe get your original investment back, but certainly do not sell all of it. Let it ride, up or down, just let it sit for the long term - unless you're nearing end of term yourself, then cash out and have a final fling.
The Trump administration was great for the stock market.
 

Blackbeard

Administrator
Staff member
Joined
Oct 8, 2020
Messages
313
i just checked mine again. I think we should have sold the other day.. there goes another couple hundred $'s.
You need stops, and limits in place to do this right. I'm buying when it drops, and putting stops when it drops some points to cover my actual costs. So far, my costs are covered.
 

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