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Jersey1970
Irvine, OC, CA
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Bitcoin currency
Mar 24 2017 08:59PM more by Jersey1970
Tags: Orange County, Current Events (All tags)

what do you think?
      
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mbf2008
SFV, LA, CA
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since Apr 19 2008

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Mar 24 2017 09:57PM     link to this

I use it all the time..it's great since I figured out the algorithm.
InsearchofStarfish
Santa Ana, OC, CA
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Mar 24 2017 09:59PM     link to this

if someone offered to sell you 100k worth for 50k cash...would you do it?
Jersey1970
Irvine, OC, CA
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Mar 24 2017 10:13PM     link to this

mbf2008 - can you elaborate on the algorithm?

im going to get 2 s9 miners and drop them into a colo that i current rent from.

InsearchofStarfish
Santa Ana, OC, CA
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Mar 24 2017 10:21PM     link to this

well it can't be a nominal amount like a 1000 bucks. lets say you saved up and have 52k cash in your mattress from all your hard work over the years...so meaningful to you.



InsearchofStarfish
Santa Ana, OC, CA
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Mar 24 2017 10:22PM     link to this

some people understand it better than others for sure.
mbf2008
SFV, LA, CA
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Mar 24 2017 10:51PM     link to this

Sure..$50k cash for $100k bitcoin...I wouldn't think twice about it. Virtual currency has been proven and will surpass paper currency and be worth a lot more in the future.
mbf2008
SFV, LA, CA
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Mar 24 2017 10:54PM     link to this

I bitcoin = $907.88 USD
InsearchofStarfish
Santa Ana, OC, CA
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Mar 24 2017 10:54PM     link to this

exactly

the other thing in that example is that you would have had 50k plus in cash(most likely untaxed) and now have 100k in an online currency (that could get taxed)

hopefully some people on here got in sub 10 bucks...would have been a fun ride.
There are 8 comments on this blog.