TBone14;1883589 wrote: I participated as an employer in a mock interview event put on by the BGSU MBA program in late 2013.

TBone14;1883589 wrote: I was too dumb to capitalize.

weird correlation

MontyBrunswick;1883596 wrote:weird correlation

I didn't go to BG...was just doing their event as a favor/recruiting opportunity.

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It's sitting at $9955 this morning. I think we'll see $10k today.

It dropped $100 since my last post. SELL!

justincredible;1883652 wrote:It dropped $100 since my last post. SELL!

HODL!

Justin- Have you ever looked into mining cryptos?

I was just reading an article from April on mining ethereum. Doesn't appear to be worth it at this point.

justincredible;1883702 wrote:I was just reading an article from April on mining ethereum. Doesn't appear to be worth it at this point.

Likely not. Best bet would probably be to try to mine an upstart, get some good volume and potentially catch lighting in a bottle.

TBone14;1883703 wrote:Likely not. Best bet would probably be to try to mine an upstart, get some good volume and potentially catch lighting in a bottle.

Maybe as a hobby. I'm guessing all the existing Bitcoin mining operations out there are allocating resources to the potentially much better ROI on all the emerging cryptocurrencies. A $2k computer rig isn't going to come close to competing with them. You're better off just buying and holding (but be prepared to lose 2/3 of your money).

Saw an article from Ken Griffin the other day (multi-billionaire founder of hedge fund Citadel) and he called it a bubble comparable to the original tulip bubble, which donked off 99% of the value in a matter of weeks after it finally popped.

I gotta stop checking the price. $10,960 this morning.

gut;1883704 wrote:Maybe as a hobby. I'm guessing all the existing Bitcoin mining operations out there are allocating resources to the potentially much better ROI on all the emerging cryptocurrencies. A $2k computer rig isn't going to come close to competing with them. You're better off just buying and holding (but be prepared to lose 2/3 of your money).

Saw an article from Ken Griffin the other day (multi-billionaire founder of hedge fund Citadel) and he called it a bubble comparable to the original tulip bubble, which donked off 99% of the value in a matter of weeks after it finally popped.

Right. As a hobby. I'm not quitting my job.

justincredible;1883809 wrote:I gotta stop checking the price. $10,960 this morning.

Cash in your 401k. Fuck your savings. This thing is on a runaway train to 80k at some point. Some saying 40k by the end of the next year.

http://fortune.com/2017/11/27/bitcoin-michael-novogratz-40000/

$11,300 now.

I did get the green light from my wife to buy into crypto.

Funny theory I saw the other day....govts are just letting the illicit markets plow money into crypto. Why go hunting for the criminals when they're willingly coming to a central "location"?

gut;1883830 wrote: Why go hunting for the criminals when they're willingly coming to a central "location"?

Because it was designed with anonymity in mind...?

MontyBrunswick;1883860 wrote:Because it was designed with anonymity in mind...?

It's not truly anonymous. The govt can, and has, found the bitcoin users when they've wanted to.

gut;1883830 wrote:Funny theory I saw the other day....govts are just letting the illicit markets plow money into crypto. Why go hunting for the criminals when they're willingly coming to a central "location"?

It's not really a central location, though. It's decentralized.

gut;1883861 wrote:It's not truly anonymous. The govt can, and has, found the bitcoin users when they've wanted to.

The level of anonymity ... or lack thereof ... has more to do with how it's used. BTC itself isn't traceable to a person, and wallets don't require identification, though it can be followed from one wallet to another through monitoring the blockchain. IF you know someone's wallet address, then yes, you can track transactions. However, for those being remotely cautious, it wouldn't take much to just use a different wallet each time.

Actually, this is one of the reasons I invested into Monero. It's even less able to be monitored than BTC, which makes me think those who engage in transactions they'd prefer not be tracked will, at some point, use it more frequently.

Seems to have played out that way. Bought in at ~$55. It's at about $195.

Here's a crypto still well under a dollar. I'm considering dropping $100 and riding it out to see what it does.

https://coinmarketcap.com/currencies/ripple/

justincredible;1883911 wrote:Here's a crypto still well under a dollar. I'm considering dropping $100 and riding it out to see what it does.

https://coinmarketcap.com/currencies/ripple/

Ripple has been around for some time. It's generally considered a pretty safe one, as these things go.

I've considered getting back into Ripple and Litecoin, too.

When I got the greenlight to buy Ethereum (I haven't yet) it was at $504. It's now at $404. Bitcoin is falling closer to $90000.

justincredible;1883998 wrote:When I got the greenlight to buy Ethereum (I haven't yet) it was at $504. It's now at $404. Bitcoin is falling closer to $90000.

Um 9000?

Sure, that too.

justincredible;1884009 wrote:Sure, that too.

I knew I was out of the loop, but I didn't think I was that far out. Lol

justincredible;1883998 wrote:When I got the greenlight to buy Ethereum (I haven't yet) it was at $504. It's now at $404. Bitcoin is falling closer to $90000.

This is what makes absolutely no sense with crypto currencies as an investment - $80B in market cap, but trades like a penny stock.

It's why I've been so reluctant to buy in, for sure.

justincredible;1883998 wrote:When I got the greenlight to buy Ethereum (I haven't yet) it was at $504. It's now at $404. Bitcoin is falling closer to $90000.

Yeah, you knew after hitting a milestone like that there was going to be a swell of sellers, which would drop the value.