make a donation to the fz1oa
fz1oa chat
fz1oa picture uploader
maintain your own photo albums
locate fz1oa members
Members Assistance Guide
search the entire board
click here for fz1oa web site home page
register a new account, it's free!
fz1oa store
email the fz1oa webmasters
read the fz1oa guidelines
read the fz1oa policy
open pat's fz1 site in a new window
open iowaz fz1 site in a new window
technical tips

Go Back   FZ1OA Message Board > FZ1 & Fazer Owners Association > Computers & TechGadgetry

Reply
 
Thread Tools Display Modes
Old 12-27-2017, 02:44 PM   #101
ralphcor
Registered User
 
ralphcor's Avatar
 
Join Date: Jul 2003
Posts: 1,576
All banks want cryptocurrency to fail, until they can make $ off it.
__________________
Riva125, CRF230L, Elite250, TMax, Vulcan750, FZ1, Falco, ZX10R, ValkyrieTourer
ralphcor is offline   Reply With Quote
Old 12-28-2017, 12:55 PM   #102
2wheelmax
Registered User
 
2wheelmax's Avatar
 
Join Date: Aug 2011
Location: Port St. Lucie, FL
Posts: 1,396
It's going to fail. It's air.
2wheelmax is offline   Reply With Quote
Old 12-28-2017, 01:04 PM   #103
Duken4evr
Map Maven
 
Duken4evr's Avatar
 
Join Date: Oct 2006
Location: Parker, CO
Posts: 8,804
Quote:
Originally Posted by LiquidSilver View Post
If they can create USD without a clear victim, they are doing better than the Federal Reserve. Owners of US dollars are victims of the feds additional fiat currency.
The big difference is the US government's currency fraud is backed by the full faith and credit of a really awesome military arsenal with subs and missiles and stuff. Bitcoin is backed by the aforementioned shadowy super nerds, and there is probably a good deal of incompetence and fraud involved. In the end, value of currency is based on faith. If faith is lost in Bitcoin, it will quickly vaporize into nothing, as there really is nothing with any kind of official authority behind it, much like the tech bubble stocks did. One day "petmeds.com" was worth a billion dollars, the next day it was a bankrupt penny stock. I still regret not buying some Bitcoin during the early days, it always profitable to be in early in the Prymaid/Ponzi schemes. The difficulty is to not stay too long at the party once well ahead, cuz when the music stops for real, it is going to be abrupt.

Real estate, gold, anything tangible is probably the safest haven. Problem with gold is it just sits there incurring expenses and it does not pay dividends. Real estate can generate a return while you wait. Most really wealthy people I know have rental properties that they own outright. They are so far ahead and unleveraged, market fluctuations don't really matter. They could borrow a bunch of money and lever up against the value of their holdings and potentially get a lot wealthier, but doing that also that adds substantial risk too. They just cruise along with no debt and a steady stream of income. They are financially bulletproof, a great place to be...
__________________
With experience of a tortured youth, we turn up the music and go in search of the truth.

Wise man said - "Don't go bagger too soon".


Get your FI maps right here:

http://www.mediafire.com/download/nr...1_Map_Pack.zip

Akra full exhaust mindless stationary rev out Video: http://www.youtube.com/watch?v=w5UNYBqHd7M
Duken4evr is offline   Reply With Quote
Old 12-28-2017, 01:45 PM   #104
LiquidSilver
Bad Cattytude
 
LiquidSilver's Avatar
 
Join Date: Apr 2003
Location: Foleadelphia, Wentzylvania
Posts: 6,424
Most modern real estate investors would be nowhere without section 8. It would be much tougher in a free market.

Bitcoin is no doubt propped up by things like drug deals.
The cost of transfers are making it more like a ten thousand dollar bill than daily passable currency. It was estimated that 95% of our electric energy would go towards Bitcoin transactions, if that was our only currency. So clearly this is not the future in and of itself. The chance of fraud with actual Bitcoin is very low, as there are permanently lost "coins". Nobody can even claim them. The chance of fraud is when leaving your assets in the exchange.
It's not the tulip craze, because it can't be recreated indefinitely. Also, the tulip craze was over much quicker.
That doesn't mean it's ever smart to sell or mortgage other assets to purchase cryptocurrency.

Seashells were once used as currency, and obviously they will be used in the future to wipe our butts. There is no guarantee that paper money won't suffer the same fate.
__________________
Don

LiquidSilver is offline   Reply With Quote
Old 12-28-2017, 01:55 PM   #105
YamahaMan444
Young Explorer
 
YamahaMan444's Avatar
 
Join Date: Apr 2014
Location: DFW, TX
Posts: 4,543
Coinbase is FDIC backed and is the most popular cryptocurrency trading site/app in the US. Coinbase is 100% inline with federal regulations and laws.

Yeah it's all phoney but people literally have millions from investing 100$ back in the day. Sure it's too risky for y'all because y'all are on the conservative sprectrum as you get closer and closer to retirement, and it's impossible to tell if Bitcoin is gonna crash now or when it hits $100,000, but who cares. It's interesting and a possible profit
__________________
.
YamahaMan444 is offline   Reply With Quote
Old 12-28-2017, 02:15 PM   #106
gotfz1
Do you like gladiator movies?
 
gotfz1's Avatar
 
Join Date: Apr 2001
Location: SoCal
Posts: 20,581
Quote:
Originally Posted by YamahaMan444 View Post
Coinbase is FDIC backed and is the most popular cryptocurrency trading site/app in the US. Coinbase is 100% inline with federal regulations and laws.
...
They're only FDIC backed if the deposit was USD according to Coinbase's website.

Quote:
Originally Posted by Coinbase
Coinbase stores all customer fiat currency (government-issued currency) in segregated, custodial bank accounts. The funds held in those accounts belong to Coinbase’s customers - not to Coinbase.

If you are a United States resident, your Coinbase USD Wallet is covered by FDIC insurance, up to a maximum of $250,000.
Quote:
Originally Posted by Coinbase
Digital currency is not legal tender, is not backed by the government, and digital currency accounts and value balances on Coinbase are not subject to Federal Deposit Insurance Corporation or Securities Investor Protection Corporation protections.
__________________
SCRIMSHAW!
gotfz1 is offline   Reply With Quote
Old 12-28-2017, 04:43 PM   #107
Duken4evr
Map Maven
 
Duken4evr's Avatar
 
Join Date: Oct 2006
Location: Parker, CO
Posts: 8,804
I view investing in Bitcoin like playing the lottery, except at least with Bitcoin, you have a chance of winning. Given the incredible rally, I do think the crypto ship has already sailed, and recent investors at these levels will turn out to be bagholders, but time will tell!

A early adopter techy friend of ours bought Bitcoin in the early days and mentioned maybe 5 years ago that it was worth 30K back then. Advised him to sell half and invest it in something else to diversify, and keep half. He has not worked in awhile, I guess it worked out for him
__________________
With experience of a tortured youth, we turn up the music and go in search of the truth.

Wise man said - "Don't go bagger too soon".


Get your FI maps right here:

http://www.mediafire.com/download/nr...1_Map_Pack.zip

Akra full exhaust mindless stationary rev out Video: http://www.youtube.com/watch?v=w5UNYBqHd7M
Duken4evr is offline   Reply With Quote
Reply

Go Back   FZ1OA Message Board > FZ1 & Fazer Owners Association > Computers & TechGadgetry


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -7. The time now is 04:47 AM.


Questions? Comments?
Click on name below to contact via PM
Rabeet (Admin) Desmo (Admin)

Powered by vBulletin® Version 3.7.4
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Website and Message Board Contents Copyright 2001-2007 FZ1OA
The marks YAMAHA® and FZ1® are used under license from Yamaha Motor Corporation, U.S.A.
The information on this web site is NOT approved or endorsed by Yamaha Motor Corporation in any way.
Page generated in 0.07107 seconds with 10 queries