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Thread: Bitcoin Accumulation

  1. #1
    Join Date
    Nov 2014
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    1,474

    Default Bitcoin Accumulation

    Not too long ago I traded a fraction of a bitcoin for 20 American Silver Eagles.

    Now that bitcoin prices have plummeted I have begun buying 10ths of a coin from contacts I have established through eBay.

    My average cost right now for past and present holdings it $149 per BTC.

    On the last BTC spike I traded .98 BTC for 20 American Silver Eagles. Pretty good value if I must say so myself.

    At any rate, it's worth a look if you are open to alternative ways to finance your stack.

    Good luck and Cheers!
    Disclaimer:Later....

  2. #2
    Join Date
    Oct 2011
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    25,768

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    the only thing BTC was good for was the slaughter many made on investing early and getting out on any of the several spikes..

    not my type of stack offering... so i speak for me..

    but hey i am a 60 year old CT Yankee..

    i was a capitalist through that venture, done!!!

    inct

  3. #3
    Join Date
    Nov 2014
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    Quote Originally Posted by Count Stacula View Post
    My average cost right now for past and present holdings is $149 per BTC.
    Bitcoin is like one of those things you buy, play with for awhile, and then toss in a drawer until it comes to mind again.

    I just checked current prices and it's up to $265 so far. If this continues I see some more free American Eagles in my future.
    Disclaimer:Later....

  4. #4

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    Quote Originally Posted by Count Stacula View Post
    Bitcoin is like one of those things you buy, play with for awhile, and then toss in a drawer until it comes to mind again.

    I just checked current prices and it's up to $265 so far. If this continues I see some more free American Eagles in my future.
    Last I looked they were going to 1000.
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  5. #5

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    Quote Originally Posted by Miteysquirrel View Post
    Last I looked they were going to 1000.
    ASE's...not yet.








    Oh, you mean that electronic thingy.

  6. #6
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    Nov 2014
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    Quote Originally Posted by Atlas Shrugged View Post
    ASE's...not yet. Oh, you mean that electronic thingy.
    Yes, those electronic thingys are now trading for $2,785 each.

    Trading 1 bitcoin for 20 pieces of silver seems like such a rip off today. LOL

    Glad I kept a few btc.
    Last edited by Count Stacula; 05-25-2017 at 08:00 AM.
    Disclaimer:Later....

  7. #7
    Join Date
    May 2017
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    24

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    Nobody can argue with those results. Even with its high volatility, I can't see its price ever falling below an ounce of gold. Bit coin is here to stay.

  8. #8

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    Quote Originally Posted by patriots5 View Post
    Nobody can argue with those results. Even with its high volatility, I can't see its price ever falling below an ounce of gold. Bit coin is here to stay.
    Or bitcoin is a speculative bubble that is gonna end with huge losses and huge profits for many....time will tell

  9. #9

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    Quote Originally Posted by sasksilver View Post
    Or bitcoin is a speculative bubble that is gonna end with huge losses and huge profits for many....time will tell
    If BTC drops bigtime, who gets those huge profits you're talking about?

  10. #10

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    Quote Originally Posted by AnotherDave View Post
    If BTC drops bigtime, who gets those huge profits you're talking about?
    The people who sell at the top right before the bubble bursts.

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