Bitcoin Mania

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Avatar of hairhorn
Act now before you miss your chance to buy high and sell low!
Avatar of RonaldJosephCote

 Sorry, you're too late. happy.png   https://www.chess.com/forum/view/off-topic/can-you-guess-the-value-of-bitcoin-on-new-years-day      Oh, I get it, he blocked you. 

Avatar of hairhorn

Apparently mentioning Tulip Mania in a discussion of Bitcoin goes too far.

More disturbingly, it seems as though you can trade in markets since "before you were born" and yet be completely unfamiliar with obvious examples of market collapse. 

Avatar of RonaldJosephCote

http://www.jpost.com/Crypto-Currency/Israeli-market-regulator-to-ban-bictoin-firms-from-stock-exchange-519981

Avatar of RonaldJosephCote

https://www.yahoo.com/finance/news/cryptocurrency-expert-kidnapped-1-million-211900088.html

Avatar of hairhorn

Perhaps chess.com should consider renaming itself to chess-blockchain.com.

Avatar of RonaldJosephCote

  Did someone say "Tulips".? wink.png         https://finance.yahoo.com/news/bitcoin-falls-more-7-pct-regulation-worriers-mount-035946805.html

Avatar of IMKeto

Bitcoin...a made up currency, whos value is based on human emotion.  

Avatar of bartnic1

You could still make money on bitcoin you know. Just set up a bunch of machines that work to solve the cryptographic hash functions. If you join in with a group, and share the proceeds from successfully mining bitcoins, then you could make a little bit of money.

Avatar of hairhorn

You could make a bit of money, except you'd be out $8000 USD from a week or so ago. And you'll use scads of electricity in the process. 

Avatar of RonaldJosephCote

 U.S. regulators charge 3 bitcoin operators with fraud.surprise.png                                                                        https://finance.yahoo.com/news/us-regulators-charge-three-bitcoin-162200523.html

Avatar of RonaldJosephCote

https://finance.yahoo.com/news/bitcoin-slides-further-headed-worst-092653765.html

Avatar of RonaldJosephCote

  This week, the failing government of Venizuela started using the "Pettro" as currency to invest in. 1 Pettro is equivalent to 1 barrel of oil.  Zinbabwe tried something similar a couple of yrs ago and it failed.

Avatar of RonaldJosephCote

Litecoin is a cryptocurrency, which was created in 2011 as a lightweight alternative to Bitoin. Jeezs, the're marketing these items like beer calories. meh.png Is losing $3 million dollars an hr too much for your heart.? Well try Bitcoin, lite.wink.png