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#460898 - 03/15/18 06:23 AM Re: Bitcoin and Real Estate [Re: Jeffrey Terrell]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Beanie Babies/BitCoin still falling. Currently $8,200 per coin. And no more crypto-news on the websites where I read news. Maybe OP will return for a 2nd post and give us some insight.

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#460950 - 03/19/18 07:16 PM Re: Bitcoin and Real Estate [Re: Jeffrey Terrell]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
BeanieBabies/BitCoin back in the news! Surging back up to $8,500 from a low of $7,500 over the weekend. I can't wait to see what happens next.

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#461051 - 03/28/18 05:52 AM Re: Bitcoin and Real Estate [Re: Long Walk]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
BeanieBabies/BitCoin hovering around $8,000. Still don't understand the value proposition, but I was reading yesterday that Bitcoin stores a record of transactions in the blockchain and that the anonymity in the crypto-currency is not terribly hard to break.

So, I guess we will see how long money-laundering tops the list of uses of crypto-currencies.

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#461069 - 03/29/18 07:48 AM Re: Bitcoin and Real Estate [Re: Long Walk]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Beanie Babies/Bitcoin at $7,500 this morning.

Something called the BitCoin Council posted a blog entry on BitCoin being used for money laundering. I was shocked to see that criminals might mis-use this incredible technology. Shocked, I tell you. Just shocked.

Well, not really. shocked

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#461125 - 04/06/18 06:10 AM Re: Bitcoin and Real Estate [Re: Long Walk]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Beanie Babies/Bitcoin at $6,500 this morning. Crypto's just can't seem to catch a break. Odd since they are supposed to be a store of value. Maybe the problem is that they are not exactly as anonymous as was claimed. That and the folks who came in during the bubble in December have likely finished buying high and selling low.

It would be nice if the OP would return and share some insight on this.

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#461133 - 04/07/18 09:03 AM Re: Bitcoin and Real Estate [Re: Jeffrey Terrell]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
BB/BitCoin still under $7,000, but this article caught my eye this morning.

It looks like some less affluent areas are beginning to treat the attraction of crypto-mining as a part of their economic development plan. I'm seeing something like this very thing with medical marijuana in a town in MA.

So, crypto's may or may not be the wave of the future, but the few jobs they bring in can make a difference.

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#461172 - 04/12/18 12:31 PM Re: Bitcoin and Real Estate [Re: Jeffrey Terrell]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Beanie Babies/Bitcoin hovered around $6,500 for the last week or so. Suddenly, this morning, the price blew up. At 0640, the price was $6,820/coin and, by 0740, the price was $8,010/coin. An absolute gain of $1,190/coin or a 17.4% increase in one hour.

And there is no news that I saw on any headlines today. What an odd investment vehicle.

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#461320 - 04/26/18 08:10 AM Re: Bitcoin and Real Estate [Re: Long Walk]
Long Walk Offline
Member

Registered: 06/27/08
Posts: 309
Loc: New Hampshire
Prices of BitCoin are back up in the $9K range this week. No news to explain the sudden increase, and the increase is nothing like smooth. Wild, sudden drops in price -- like 5%+ in 90 minutes -- followed by equally steep and sudden increases makes me think single buyers are moving large blocks of coin in small numbers of transactions.

What has bothered me about this investment vehicle is that there is no way to gauge demand or sales activity. Real estate and stocks are visible markets that offer reliable data. Crypto-currencies seem to offer none of that, and there appears to be no central exchange for buying/selling.

If the above is correct, then I can't understand how market participants make their buy/sell decisions.

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