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€100 of Bitcoin in 2010 = €70m today
https://forum.planetrugby.com/viewtopic.php?f=3&t=79607
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Author:  goeagles [ Thu Aug 30, 2018 5:27 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Bitcoin is great for censorship-resistant spending. Glad you've come around to the fact that Bitcoin does have value, though. BTW, it's not good for drug dealers since it leaves a very public paper trail.

Author:  bimboman [ Thu Aug 30, 2018 5:27 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sewa wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Overdid the wine mate. That post is barely legible



Not had a drop. Just a phone typo . I’m not “mate” btw I think you’re loathsome.

Author:  bimboman [ Thu Aug 30, 2018 5:29 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

goeagles wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Bitcoin is great for censorship-resistant spending. Glad you've come around to the fact that Bitcoin does have value, though. BTW, it's not good for drug dealers since it leaves a very public paper trail.



I’d expect your gambling profits to be hit eventually....

If you don’t think drug dealer aren’t using crypto, would you like to buy a bridge?

Author:  goeagles [ Thu Aug 30, 2018 5:41 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
goeagles wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Bitcoin is great for censorship-resistant spending. Glad you've come around to the fact that Bitcoin does have value, though. BTW, it's not good for drug dealers since it leaves a very public paper trail.



I’d expect your gambling profits to be hit eventually....

If you don’t think drug dealer aren’t using crypto, would you like to buy a bridge?


You'll have to tell me what you mean by "hit".

Drug dealers are definitely using crypto, but this topic is specifically about Bitcoin. Drug dealers are much more likely to use Monero or other privacy-focused cryptos.

Author:  bimboman [ Thu Aug 30, 2018 5:44 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

goeagles wrote:
bimboman wrote:
goeagles wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Bitcoin is great for censorship-resistant spending. Glad you've come around to the fact that Bitcoin does have value, though. BTW, it's not good for drug dealers since it leaves a very public paper trail.



I’d expect your gambling profits to be hit eventually....

If you don’t think drug dealer aren’t using crypto, would you like to buy a bridge?


You'll have to tell me what you mean by "hit".

Drug dealers are definitely using crypto, but this topic is specifically about Bitcoin. Drug dealers are much more likely to use Monero or other privacy-focused cryptos.



If there's a public paper trail I'd expect the authorities to be monitoring them, if not now eventually.

Author:  goeagles [ Thu Aug 30, 2018 5:46 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
goeagles wrote:
bimboman wrote:
goeagles wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Bitcoin is great for censorship-resistant spending. Glad you've come around to the fact that Bitcoin does have value, though. BTW, it's not good for drug dealers since it leaves a very public paper trail.



I’d expect your gambling profits to be hit eventually....

If you don’t think drug dealer aren’t using crypto, would you like to buy a bridge?


You'll have to tell me what you mean by "hit".

Drug dealers are definitely using crypto, but this topic is specifically about Bitcoin. Drug dealers are much more likely to use Monero or other privacy-focused cryptos.



If there's a public paper trail I'd expect the authorities to be monitoring them, if not now eventually.


I already report and pay taxes on my winnings so there is nothing to "hit".

Author:  bimboman [ Thu Aug 30, 2018 6:02 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

Cool, do you think that's common with gamblers using offshore sites. ?

Author:  sewa [ Thu Aug 30, 2018 6:04 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
sewa wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Overdid the wine mate. That post is barely legible



Not had a drop. Just a phone typo . I’m not “mate” btw I think you’re loathsome.


I am so far under your skin its hilarious

Author:  bimboman [ Thu Aug 30, 2018 6:16 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sewa wrote:
bimboman wrote:
sewa wrote:
bimboman wrote:
Sorry, bitcoins great for illegal spending. That’s the use it has, you’ll
Me drug dealers like it as well next.


Overdid the wine mate. That post is barely legible



Not had a drop. Just a phone typo . I’m not “mate” btw I think you’re loathsome.


I am so far under your skin its hilarious



:lol, what ever it takes for you to get through the night. I'm currently sitting in your front room, drinking your beer....

Author:  goeagles [ Thu Aug 30, 2018 6:23 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?

Author:  bimboman [ Thu Aug 30, 2018 6:27 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

goeagles wrote:
bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?



We're discussing its inherent value as a transaction aid. I was asking what use it has, you've assured me in the 4 years it's nominal value has rocketed it is still only being used for rather dubious trades.

I was wrong though it does have uses.

I surprised your still working though; $250 - $7,500 should have seen you retired.

Author:  sorCrer [ Thu Aug 30, 2018 6:39 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
goeagles wrote:
bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?



We're discussing its inherent value as a transaction aid. I was asking what use it has, you've assured me in the 4 years it's nominal value has rocketed it is still only being used for rather dubious trades.

I was wrong though it does have uses.

I surprised your still working though; $250 - $7,500 should have seen you retired.


I have at 49 kinda semi-retired as I still get royalties on software. Although to be frank, I did at $16k so am down 2/3rds since then. :lol: :lol: :lol:

Author:  bimboman [ Thu Aug 30, 2018 6:55 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
bimboman wrote:
goeagles wrote:
bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?



We're discussing its inherent value as a transaction aid. I was asking what use it has, you've assured me in the 4 years it's nominal value has rocketed it is still only being used for rather dubious trades.

I was wrong though it does have uses.

I surprised your still working though; $250 - $7,500 should have seen you retired.


I have at 49 kinda semi-retired as I still get royalties on software. Although to be frank, I did at $16k so am down 2/3rds since then. :lol: :lol: :lol:



Sell half to keep half etc !

Author:  Anonymous. [ Thu Aug 30, 2018 7:02 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
goeagles wrote:
Ran comes across as a bit of a charlatan on Twitter.

Bimbo, you claim Bitcoin has no value. I'd wager the Venezuelans using it to survive would disagree. I've used Bitcoin around 10 times this week so I naturally find it to have significant value on a personal level as well.



What did you buy with Bitcoin this week ?

Venezuela

Author:  goeagles [ Thu Aug 30, 2018 7:06 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
goeagles wrote:
bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?



We're discussing its inherent value as a transaction aid. I was asking what use it has, you've assured me in the 4 years it's nominal value has rocketed it is still only being used for rather dubious trades.

I was wrong though it does have uses.

I surprised your still working though; $250 - $7,500 should have seen you retired.


:lol: My favorite part of your snark is how confident you are in it and how you're wrong almost every time because you just make shit up and hope it sticks.

Skyrocketed value in 4 years? What a strange timeline to use given 2014 was a bear market and 2013 was not.

Only being used for rather dubious trades? Interesting moral judgment after you proudly explained that online gambling was legal in the UK. Of course that was just one use case. Feel free to google "Bitcoin Venezuela" for a more important demonstrated use case. Or even understand that its primary use, particularly in the West, right now is as a hedge against inflation and bad governance, basically gold 2.0.

As for $250-$7500, you are once again making this us as you go. I only became a BTC holder in 2017 when the online sportsbooks really started accepting it.

Author:  bimboman [ Thu Aug 30, 2018 7:14 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

goeagles wrote:
bimboman wrote:
goeagles wrote:
bimboman wrote:
Cool, do you think that's common with gamblers using offshore sites. ?


The vast majority of gamblers are losing players so have nothing to report. I can't say for sure but I think most pros/sharps are reporting their winnings. Remind me what any of that has to do with Bitcoin's value again?



We're discussing its inherent value as a transaction aid. I was asking what use it has, you've assured me in the 4 years it's nominal value has rocketed it is still only being used for rather dubious trades.

I was wrong though it does have uses.

I surprised your still working though; $250 - $7,500 should have seen you retired.


:lol: My favorite part of your snark is how confident you are in it and how you're wrong almost every time because you just make shit up and hope it sticks.

Skyrocketed value in 4 years? What a strange timeline to use given 2014 was a bear market and 2013 was not.

Only being used for rather dubious trades? Interesting moral judgment after you proudly explained that online gambling was legal in the UK. Of course that was just one use case. Feel free to google "Bitcoin Venezuela" for a more important demonstrated use case. Or even understand that its primary use, particularly in the West, right now is as a hedge against inflation and bad governance, basically gold 2.0.

As for $250-$7500, you are once again making this us as you go. I only became a BTC holder in 2017 when the online sportsbooks really started accepting it.



Wrong about what ? It being used for anything in the mainstream ? It's intrinsic value ?

I make no moral judgement but bit coin isn't going to be a payment method used, it isn't going to change the world and eventually it will collapse.

As of Venuzaula , that's another reason it's adoption in the west will be controlled not made more widespread.

Good for you on gambling , but don't equate that with the actual real world,of commerce we were promised over the now years.

Author:  Anonymous. [ Thu Aug 30, 2018 7:35 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

One day people will be able to buy a big mac for 1 bitcoin. It's here to stay

Author:  sorCrer [ Thu Aug 30, 2018 8:49 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

Seneca of the Night wrote:
Anonymous. wrote:
One day people will be able to buy a big mac for 1 bitcoin. It's here to stay


Probably. Nothing escapes the taxman though, so that needs to be worked out.


Has to be declared to the Receiver here. I think in the US too?

Author:  argus [ Thu Aug 30, 2018 9:00 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

Gambing is not real commerce ???

Have you not seen picture of vegas , etc?

What is real commerce in your opinion ?

Author:  bimboman [ Thu Aug 30, 2018 9:10 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

argus wrote:
Gambing is not real commerce ???

Have you not seen picture of vegas , etc?

What is real commerce in your opinion ?



Can you use bitcoin in Vegas ?

Author:  sorCrer [ Thu Aug 30, 2018 9:15 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
argus wrote:
Gambing is not real commerce ???

Have you not seen picture of vegas , etc?

What is real commerce in your opinion ?



Can you use bitcoin in Vegas ?


I don't think for gambling directly but there are Bitcoin ATM's at some casinos.

Author:  argus [ Thu Aug 30, 2018 9:16 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
argus wrote:
Gambing is not real commerce ???

Have you not seen picture of vegas , etc?

What is real commerce in your opinion ?



Can you use bitcoin in Vegas ?


Does not matter

You said that gaming is not real commerce which obviously it is

Author:  bimboman [ Thu Aug 30, 2018 9:19 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

argus wrote:
bimboman wrote:
argus wrote:
Gambing is not real commerce ???

Have you not seen picture of vegas , etc?

What is real commerce in your opinion ?



Can you use bitcoin in Vegas ?


Does not matter

You said that gaming is not real commerce which obviously it is



Have you seen pictures of the off shore sports books ?

Author:  argus [ Thu Aug 30, 2018 9:43 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

I can not follow your logic

This is a potential payment method

Previously people were paid in cash, then check then direct deposit

Credit cards were not always used and some places still do not accept them

Other places accept payment in Apple Pay, venmo, etc

This may or may not be more widely accepted in the future

But to dismiss it because you do not think gaming is not real commerce is strange

Author:  The Sun God [ Wed Sep 05, 2018 3:54 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

Bumpy day...
https://www.cnbc.com/2018/09/05/bitcoin ... plans.html

Author:  sorCrer [ Wed Sep 05, 2018 4:05 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.

Author:  The Sun God [ Wed Sep 05, 2018 4:20 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.


I think I might have stayed short a little longer to see where the land lays....

Author:  sorCrer [ Wed Sep 05, 2018 4:37 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

The Sun God wrote:
sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.


I think I might have stayed short a little longer to see where the land lays....


I do have an XRP order at 0.293 so will see if the 0.3 gets broken. Looks hesitant.

Author:  bimboman [ Wed Sep 05, 2018 4:45 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
The Sun God wrote:
sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.


I think I might have stayed short a little longer to see where the land lays....


I do have an XRP order at 0.293 so will see if the 0.3 gets broken. Looks hesitant.



Do you bank any of your profits ?

Author:  sorCrer [ Wed Sep 05, 2018 5:07 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
sorCrer wrote:
The Sun God wrote:
sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.


I think I might have stayed short a little longer to see where the land lays....


I do have an XRP order at 0.293 so will see if the 0.3 gets broken. Looks hesitant.


Do you bank any of your profits ?


I do but probably not as often or as much as I should. Roughly 15% of my portfolio is in crypto which I'm aware is a lot. I earn software royalties and will (all being well) for the rest of my life ao rely on that and some coding to bring in money whilst I think of software to develop. I can code practically anything consumer facing.

Author:  bimboman [ Wed Sep 05, 2018 5:11 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

Cool. That's money in the bank.

Buy some real assets though, things you can touch.

Author:  YOYO [ Wed Sep 05, 2018 5:13 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.

Would it be in the East where the first affects of a crypto crash are felt? Do you read the relevant forums coming out of Japan, China and South Korea? I assume one would need the language skills for that.

Author:  sorCrer [ Wed Sep 05, 2018 8:02 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

YOYO wrote:
sorCrer wrote:
The Sun God wrote:


Has been. Managed to sell on the that news and get in 3.5% cheaper.

Would it be in the East where the first affects of a crypto crash are felt? Do you read the relevant forums coming out of Japan, China and South Korea? I assume one would need the language skills for that.


Everything is in Twitter.

Author:  sorCrer [ Wed Sep 05, 2018 8:05 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

bimboman wrote:
Cool. That's money in the bank.

Buy some real assets though, things you can touch.


I have 2 house and no children so I'm a little unsure. Probably why I drink too much. :(( Edit: Possibly this is why one should have children.

Author:  bimboman [ Wed Sep 05, 2018 8:08 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
bimboman wrote:
Cool. That's money in the bank.

Buy some real assets though, things you can touch.


I have 2 house and no children so I'm a little unsure. Probably why I drink too much. :(( Edit: Possibly this is why one should have children.



They do stop fathers drinking, mothers not so much.

Author:  Ted. [ Wed Sep 05, 2018 10:55 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sorCrer wrote:
bimboman wrote:
Cool. That's money in the bank.

Buy some real assets though, things you can touch.


I have 2 house and no children so I'm a little unsure. Probably why I drink too much. :(( Edit: Possibly this is why one should have children.


You could adopt.

I know an excellent candidate. :nod:

Author:  sewa [ Thu Sep 06, 2018 12:38 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

https://www.telegraph.co.uk/business/2018/09/06/bitcoin-nosedives-10pc-cryptocurrency-rout-deepens/

Down a load again, great buying oppurtunity

Author:  The Sun God [ Thu Sep 06, 2018 1:11 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sewa wrote:


You know what you get trying to pick bottoms ??

Author:  sewa [ Thu Sep 06, 2018 1:19 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

The Sun God wrote:
sewa wrote:


You know what you get trying to pick bottoms ??


I was being sarcastic. Everytime these coins tank Sorcerer goes on about the money he made based on the drop

Author:  NickC [ Thu Sep 06, 2018 1:21 pm ]
Post subject:  Re: €100 of Bitcoin in 2010 = €70m today

sewa wrote:


You should never buy in a down-trend, and the crypto market is in a big downtrend at the moment.

There is a chance that Bitcoin will fade all the way back down to the $3000 level, dragging all the other
cryptos with it.

There is so much spoofing and deception in this market it makes the Brexit Thread seem almost gentlemanly.....

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