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Politics / Re: Current Politics & History Only Thread
« on: September 02, 2019, 10:45:29 PM »Have any of y'all messed with crypto currencies? I don't plan on getting to into it myself, but I bought $96 in bitcoin Thursday.
If your bitcoin is currently controlled by an exchange or other online wallet, here's an important tip:
https://www.youtube.com/watch?v=vt-zXEsJ61U
"If you control the keys, it's your bitcoin. If you don't control the keys, it's not your bitcoin!"
I had the idea of using bitcoin for my wagers in with sports, and then thought well maybe it can half-way replenish itself and I can make small bets every now and then. In 4 days, my value in bitcoin has went from 96 to $105.54 , it's a near 10% increase. I know there's ups and downs, but so far it's serving it's purpose.
Caution: Don't be surprised if it takes another sharp dive in the upcoming months, like it did at the beginning of 2018. As in down to 1/2 or even 1/3 of its current value. (Can't say it will for sure of course, just don't be surprised.) If that happens and you decided not to sell on the way down, just hold onto it. It seems to rebound in 6 to 18 months.
The following page has a slider where you can zoom in on a range of data and graph bitcoin's historical price and trading volume:
https://coinmarketcap.com/currencies/bitcoin/
Notice how it got down to about $3,200 in December 2018, following a high of almost $20,000 a year earlier.
(I'd wanted to buy some around Jan/Feb of this year, as I would have bet it was going back up soon, but funds were too tight at the time.)
