Anyone here into Bitcoin's?

[wa3zrm]

Into the Bitcoin Mines

On the flat lava plain of Reykjanesbaer, Iceland, near the Arctic Circle, you can find the mines of Bitcoin.
To get there, you pass through a fortified gate and enter a featureless yellow building. After checking in with a guard behind bulletproof glass, you face four more security checkpoints, including a so-called man trap that allows passage only after the door behind you has shut. This brings you to the center of the operation, a fluorescent-lit room with more than 100 whirring silver computers, each in a locked cabinet and each cooled by blasts of Arctic air shot up from vents in the floor.

(Excerpt) Read more at dealbook.nytimes.com ...

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Video at link above.

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[BadAxe]

I been follwing them since the beginning of the summer, and pissed that I did not buy any back then. Been following all of the crypto currencies lately, just feel like I don't know enough about them to pull the trigger on them as an investment (short or long term). But I personally know a guy that has profited in the 6 figure range with Bitcoins.

[DanF]

Just read a story in the papers today that most US Banks will not accept (any) accounts with any form of Bitcoin digital currency as deposits. They base their refusal mostly on Bitcoin being used as a money laundering cover.

One bank (according to the article) in California will accept "deposits" of Bitcoin.

This alone cannot be good for this new "future" in financial transactions.

But time will tell and this probably will be a part of how money is moved around.....some day.

Dan

[BadAxe]

Just read a story in the papers today that most US Banks will not accept (any) accounts with any form of Bitcoin digital currency as deposits. They base their refusal mostly on Bitcoin being used as a money laundering cover.

One bank (according to the article) in California will accept "deposits" of Bitcoin.

This alone cannot be good for this new "future" in financial transactions.

But time will tell and this probably will be a part of how money is moved around.....some day.

Dan

Its just too volatile right now for banks. Plus, the gov't has not taken a stance on it either. But there are many banks you can use to convert USD into BC. There are fees though. But, one they realize, that without turning the internet off, there is no way to get rid of crypto currency, the intial deny deny deny will go away, and then we will see where this crypto currency lands. But its definitely here to stay. China and India are embracing bitcoins.

[Andy105]

It looks like a Pyramid scheme on the way up.

[DanF]

It looks like a Pyramid scheme on the way up.

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Personally, I don't think it's a "Pyramid/Ponzi scheme".

To me it's sorta like the Wright Brothers (goggle it) who tried to pull off this flying around in the air thing: and looked like a couple of fools back then doing it.

The people in power who have a lot to lose if this "scheme" catches on are in the millions.

This Bitcoin "thing" is like robots taking over the world and putting millions of those people out of work.

And millions of people don't like that one little "Bit".

But.....time will tell.

Dan

P.S

I don't have any Bitcoins because I really (like most of us) don't have any real "money" to do this.

But people with real money probably have invested a small amount into Bitcoins and they will most likely end up with a lot more money.

And that is how things work in the USA. The rich just keep on getting richer.

But at least you and me still have a way to read about them in the papers.

[Thunder_Snus]

Just like anything else in the financial industry. You will take a risk getting in, it will go way up or way down and you can come out good or bad until the bubble bursts and it goes up gradually over time on a normal scale.

You should definitely invest in doge coins though