Quote from: JayJuanGee on May 17, 2018, 07:25:43 AM

Quote from: Hueristic on May 17, 2018, 04:04:14 AM

Quote from: Mister_Success on May 17, 2018, 02:05:55 AM

Most of investing is done with borrowed money lol. There is such a thing as good debt. But if you're happy with your financial situation, then good for you. Keep doing you.

Yeah, so the thieving bankers want everyone to think.

To the extent that Mister_Success is NOT acting too arrogant for his own smarts, he does seem to make a decent point regarding the leveraging of money towards appreciating assets instead of depreciating assets, so in that regard, sometimes, borrowing money can be a good tool to leverage a person into a better position that might not be within his options if he were not able to utilize loans. Sure traditional banks have devolved, especially the bigger ones that have gotten involved in the sucking off of the money printing tits... so in that regard, there are some, so called banks that no longer service the needs of regular peeps. So, in regards to investing in bitcoin, it would be better to invest into bitcoin rather than fiat, so could be profitable to use some credit in order to leverage your bitcoin investment - though it can be a dangerous game, when it comes to highly volatile assets such as bitcoin, so you have to play your cashflows smartly, if you do not want to get rekt based on short term expectations, when bitcoin does seem to be longer term profitable.

While on it's face this is all trues the one caveat to me is I do not gamble what I cannot afford to lose. I know it takes money to make money and I grew up with nothing and everything I own including my freedom has been paid for from the sweat off my back so to take any chance no matter how small on losing the cushion I have created in life whether it be a sure thing or not is not something I can justify doing. If you have no support network to fall back on in life you either smarten up and create your own or when the tide of ill come knocking they drown you down. The world is a cruel place the vast majority of first worlders never even get a glimpse of so do not have to prepare for personal doomsday scenarios. And in this scene as in anywhere in life gambling what can cause you to lose it all on the bolded I highlighted is a fools errand no matter if it's a sure thing or not. My personal number is at least 6 months of capitol for living expenses and I only have to be responsible for myself, it would be much higher if I had a family to care for.

Quote from: bodogb on May 17, 2018, 09:13:49 AM

Quote from: realr0ach on May 17, 2018, 08:52:45 AM

Quote from: El duderino_ on May 16, 2018, 10:56:36 PM

i'm a very not good with computer

It's funny you mention that. Out of the large section of people I know from bitcoin, this is how it breaks down:

IQ 80 or lower: Thinks bitcoin is some type of pyramid scam or poorly designed centralized garbage that will implode

IQ 95-105: Thinks bitcoin is the greatest invention since the wheel and will be the world reserve currency

IQ 110-140: Thinks bitcoin is some type of pyramid scam or poorly designed centralized garbage that will implode

I'm a member of Mensa and I know for a fact that many members are very active in the bitcoin community both in my country and globally. Mensa has multiple bitcoin/blockchain SIGs (Special Interest Groups), they are organizing events and meetups, doing education, working on a schoolbook - just to mention a few things.

It was obviouse he pulled that shit out of his ass but I think that was an attempt at humor that you missed. Lol

BTW I didn't join Mensa when I found out they wanted me to pay then, lol I don't pay to share my Idea's. But I do give them away for altruistic purposes which they are not (as a whole). Wink

Quote from: ssmc2 on May 17, 2018, 01:30:39 PM

https://grist.org/article/bitcoins-energy-use-got-studied-and-you-libertarian-nerds-look-even-worse-than-usual/

Lol @these articles

All energy is not created equally therefore this is based on false premises. Fail