Search found 4603 matches

by grayfox
Sat Dec 16, 2017 8:38 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

If anyone is interested in collecting Silver, try searching for "Silver Stacking" on YouTube. There are a bunch of "Stacker" channels where people talk about "Stacking" and they show their "stack". This is a big hobby for a lot of people. Basically they are saving their money up and buying Silver bu...
by grayfox
Sat Dec 16, 2017 2:10 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

On thing that bothers me is this idea of Sales Tax when buying Gold or Silver American Eagles. Now I can see charging sales tax for the other stuff like generic rounds and bars produced by private companies. You are just buying a Medallion. But the American Eagles are Legal Tender, produced by the U...
by grayfox
Sat Dec 16, 2017 1:50 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

I mean, my fantasy is to go out for pizza with friends and pay each other in silver coins, except for the one person who uses a credit card to pay the restaurant. It can never work, of course, unless we all buy the silver together. And, I'm not sure how it would end. Maybe we could exchange back in...
by grayfox
Fri Dec 15, 2017 5:49 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 92
Views: 6667

Re: Call the top! - Bitcoin

Well I think Bitcoin is going to a Million. 8-) That's the good news.

The bad news is that when it hits 1,000,000 and you try to cash in, you won't be able to sell. The Mempool will be so overloaded, but the time your transaction confirms BTC will have fallen 90%. :oops:
by grayfox
Fri Dec 15, 2017 5:30 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

Now, I would consider a spread of $1.50 on a $16 purchase to be huge - 9% or so. That's a lot of friction to overcome, and I think this helps to make the ETF form more appealing. Who among us would tolerate even a 1% spread in a stock ETF? That's a few years of ER costs right there in the purchase,...
by grayfox
Fri Dec 15, 2017 1:22 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

I have been following these metals for many years, and one thing I'm pretty sure of is that the gold/silver ratio doesn't mean much. It fluctuates all over the place and has not been down to anywhere near 15 or 16 to 1 since the blowoff top in 1980. As for the buy/sell spreads, a 3.5% buy/sell spre...
by grayfox
Fri Dec 15, 2017 10:23 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

So it turns out that the coin store I went to has a second location. The second is in a more upscale neighborhood, so I decided to check it out. It was on a main shopping street in ritzy area. The store is a lot smaller, higher rent than the other location. But they probably get wealthier people com...
by grayfox
Fri Dec 15, 2017 9:28 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

Silver is pretty but gold is beautiful. This is my favorite coin ever: https://apmex.exceda.com/images/Catalog%20Images/Products/50994_Slab.jpg?v=20160812050906&width=300&height=300 It's a bit more expensive though. :D Too rich for my blood. Yesterday, a 1 troy ounce American Gold Eagle was selling...
by grayfox
Thu Dec 14, 2017 11:59 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

OK, so I bought a 1 oz Silver American Eagle Coin (ASE) for a total cost of $20.42. But the Spot price of silver was something like $15.45 when I bought it. What's up with that? The coin store has a website and it shows how much they Buy and Sell ASE coins for. It showed something like: WE BUY WE SE...
by grayfox
Thu Dec 14, 2017 11:16 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

A lot of people used to buy the U.S. Mint Silver Proof Sets or Uncirculated Sets (they came in both Coin Silver and base metal as in the common bankroll coins) to give to children for their birthday presents (there was a "50 States Quarters" variation) not really an efficient way to buy silver as t...
by grayfox
Thu Dec 14, 2017 11:05 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

If you want to buy a few coins in case of the zombie apocalypse knock yourself. But to have any meaningful impact on your portfolio you’d have to buy a lot and then store it somewhere safe which in my mind is a PITA. Seems to me if civilization has collapsed then if you toss out silver or gold coin...
by grayfox
Thu Dec 14, 2017 10:41 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

Here is what surprised me: 1. Who knew that the U.S. Government was still minting Silver Dollars? Not a silver medallion, but actual Legal Tender. You can pay your taxes with this. This is not fiat money, but is actually backed up with 99.9% pure Silver, that is right in the coin. 2. Who knew that y...
by grayfox
Thu Dec 14, 2017 9:52 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

OK, so I decided to buy some real silver and gold. I'm talking about the actual metal, not an ETF like SPDR Gold Shares ( GLD ). Right now 1 troy ounce of Gold (AU) is $1,245.10 and 1 troy ounce of Silver (AG) is $15.78. It's a lot cheaper to get started with Silver, so that's what I'm going with. I...
by grayfox
Wed Dec 13, 2017 3:07 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

What's the question Having never bought silver or gold, I have plenty. But the basic idea is that with everyone mesmerized by crypto, would this be a good time to think about precious metals? Compared to a few years ago, they are cheap. See charts lined above. The worst time to buy something is whe...
by grayfox
Wed Dec 13, 2017 2:36 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

Comparing the return of stocks and bonds against gold doesn't really make sense. Apples and Oranges. I think people here are confusing buying Gold or Silver with Investing. Investing means you take some of your profits and buy more capital assets to produce even more profits in the future. The point...
by grayfox
Wed Dec 13, 2017 1:56 pm
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Re: Buying Real Silver and Gold (Not Bitcoin)

Why buy non-productive assets when you can buy shares in the profits of the world’s most successful companies? Ever seen LOTR. When they have to buy passage on the boat to Laketown, they use silver coins. You can't carry a company with you in your purse, like you can a silver dollar or a 20-dollar ...
by grayfox
Wed Dec 13, 2017 11:52 am
Forum: Investing - Theory, News & General
Topic: Buying Real Silver and Gold (Not Bitcoin)
Replies: 73
Views: 3758

Buying Real Silver and Gold (Not Bitcoin)

Everyone is going crazy over bitcoin this year. In one year, it's gone from 1 BTC = $781.70 (Dec 13, 2016) to 1 BTC = $17,059.30 today (Dec 13,2017) That's 21.8x in one year. See Bitcoin (BTC) Chart They call bitcoin "Digital Gold" and they call Litecoin "Digital Silver". But back in 2010/2011 when ...
by grayfox
Tue Dec 12, 2017 11:39 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

RECAP: As an experiment, I bought 50 EUR worth of bitcoin and paid about 4 EUR for coffee and cake. After all the fees, I had only about 35 EUR left in my Wallet. I did a similar experiment with Litecoin. Those were the only transactions I did. So what do my wallets show now? Mycelium Bitcoin Walle...
by grayfox
Fri Dec 08, 2017 3:56 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

RECAP: As an experiment, I bought 50 EUR worth of bitcoin and paid about 4 EUR for coffee and cake. After all the fees, I had only about 35 EUR left in my Wallet. I did a similar experiment with Litecoin. Those were the only transactions I did. So what do my wallets show now? Mycelium Bitcoin Walle...
by grayfox
Fri Dec 08, 2017 3:22 pm
Forum: Investing - Theory, News & General
Topic: Call the top! - Bitcoin
Replies: 92
Views: 6667

Re: Call the top! - Bitcoin

https://vignette.wikia.nocookie.net/mlp/images/0/04/Dr_-Evil-One-Million-Dollars.png/revision/latest?cb=20130727183557 I was at a restaurant this morning eating breakfast. At one of the tables, four blue-collar-type men were discussing guess what: Bitcoin! From their conversation, they were obvious...
by grayfox
Fri Dec 08, 2017 3:04 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

Holy cow! Bitcoin market is going crazy. :greedy BTC price is now $15,814.20 which is down from the peak of over $18,000 yesterday. Meanwhile the Mempool has over 200,000 unconfirmed transaction in it. It started filling up on Dec 6 and by Dec 7 was over 200,00. Remember that only about 2,000 - 3,00...
by grayfox
Thu Dec 07, 2017 5:28 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

HOLY COW! Look at all the transactions stacked up in the Mempool ! "I'm giving her all she's got, Captain. The engines can no' take it!" The other day there was something like 30,000 transactions. Right now there are 211,000 transactions in the Mempool ! :shock: 200+ sat/B 33,000 The only transactio...
by grayfox
Thu Dec 07, 2017 10:30 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Of course there are fans of various cryptocurrency. Some people have faith in Bitcoin, some like Etherium, others believe in Bitcoin Cash. I have only tried two cryptos: Bitcoin and Litecoin. Only Litecoin was useful for me. Bitcoin was not useful. That was my experience. But nobody knows which of t...
by grayfox
Tue Dec 05, 2017 11:28 am
Forum: Investing - Help with Personal Investments
Topic: Want to sell my Bitcoin, but when?
Replies: 90
Views: 8385

Re: Want to sell my Bitcoin, but when?

I bought about $7000 worth of Bitcoin and Ethereum in July as an experiment and learning process. Well, it is now worth about $21,000. I had planned to buy and hold until July 2018 so any gains would be long-term, but the recent run-up has me worrying the bubble pop may come sooner. I can afford to...
by grayfox
Tue Dec 05, 2017 9:16 am
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Would you hold or sell? ie. if hypothetically holding 1% of your net worth in Bitcoin. Would you sell at 2X return? At 1 BTC = $20,000 ? Or hold indefinitely ? I am under the impression that most people jumping into bitcoin are completely unaware of the issues. I found out about them by watching Yo...
by grayfox
Mon Dec 04, 2017 9:06 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

Thanks for the great info!
by grayfox
Mon Dec 04, 2017 8:07 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

So then, if you are investing in Bitcoin, you are not really betting on Bitcoin Blockchain, because the Core Developers have already decided that the bitcoin blockchain can't scale beyond the 5 or 10 transactions per second. You are betting on the Lightning Network LN, which has been in development ...
by grayfox
Mon Dec 04, 2017 7:43 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

alwayshedge wrote:
Mon Dec 04, 2017 7:30 pm

That is from 2016. There has already been a successful lightning transaction so no, it's not a dream.
a successful lightning transaction? As in one transaction?

I guess its working! :sharebeer
by grayfox
Mon Dec 04, 2017 7:23 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Actually, it is true. Watch this panel discussion at MIT Bitcoin Expo 2016 Day 1 from March 5, 2016 Starting at 1:12:54 Those on the panel are some of the Bitcoin Core Developers. The guy explaining Ligthning Network on the right is Joseph Poon, co-author of The Lightning Network. I don't have a com...
by grayfox
Mon Dec 04, 2017 6:09 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Those who are buying Bitcoin as a speculation should understand the present state of Bitcoin. Satoshi's white paper was titled: Bitcoin: A Peer-to-Peer Electronic Cash System . Bitcoin was supposed to allow anyone in the world to send any amount of money, including micropayments, to anyone else anyw...
by grayfox
Mon Dec 04, 2017 3:27 pm
Forum: Investing - Theory, News & General
Topic: bitcoin - is there any real value here or is it a pure Ponzi scam?
Replies: 236
Views: 19500

Re: bitcoin - is there any real value here or is it a pure Ponzi scam?

Everyone always talks about the high transaction fees of Bitcoin and they are high compared to the other coins. But the speed vs. cost of all the coins that I've used are still much better than the banking system. No non-"business days", no $35 wire fee, no Western Union, etc. The only thing that c...
by grayfox
Mon Dec 04, 2017 10:53 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

But WHY would you pay $7.70 for a transaction when you don't have to? It's like giving a waiter a $100 tip when you go out to eat and then complaining you can't go out to eat because it's too expensive. If you pay 10-11 satoshi per byte and it's not critical that your transaction clear ASAP, you ca...
by grayfox
Sun Dec 03, 2017 4:56 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

I am not going to doubt anybody but I've sent dust transactions, moving spare change from different addresses to consolidate my Bitcoin for 15-20¢ which have been confirmed in the next block (under 15 minutes). I looked at the Block Explorer just now and here is a transaction that sent $1800 dollar...
by grayfox
Sun Dec 03, 2017 1:17 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

We looked at the Lightning Network upthread. It's more complex than Blockchain, and I can't say that I fully understand it. But the basic idea is that LN rides as a second layer on top of Bitcoin Blockchain. 1. Do one BTC transaction to open up a payment channel. 2. Do all you spending on LN. 3. Do ...
by grayfox
Sun Dec 03, 2017 12:35 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

Thought Experiment: Imagine that Bitcoin was used only in Ireland. Ireland's Population: 4.773 million (2016) Bitcoin Transactions per day: let's say 400,000 That means every person in Ireland could do 1 transaction every 11.93 days. Meanwhile, bitcoin is consuming 36% of Ireland's Electric Power. (...
by grayfox
Sun Dec 03, 2017 11:31 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

Nope, they are talking about a transaction. Do some calculations: Transactions 300,000 transactions per day x 365 = 1,095,000,000 transactions per year Energy Consumed (my estimate) 8.922 Terawatt-Hours per year x 10^9 = 8,922,000,000 Kilowatt hours per year Energy Consumed Per Transaction 8,922,000...
by grayfox
Sun Dec 03, 2017 11:13 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

I keep seeing articles that bitcoin uses more power than many countries: Mining Bitcoin Costs More Energy Than What 159 Countries Consume in a Year . Does Bitcoin really use more energy than, for example, Ireland? List of countries by electricity consumption Ireland = 25,000,000,000 kiloWatt-hours p...
by grayfox
Sun Dec 03, 2017 8:39 am
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

Everyone knows that miners use electricity to add transactions into blocks and add blocks to the blockchain. There are thousands of computers running 24/7 to mine bitcoin. Most of them are in places where electricity is cheap, like China. So how much electricity is bitcoin using? One Bitcoin Transac...
by grayfox
Mon Nov 27, 2017 1:23 pm
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5668

Re: Interesting ride so far - Crypto-curriencies

I'm a staunch Dividend Growth Investor but decided in August to place 3.5% of my aftertax investment fund allocation into Crypto-currencies. My mix is 78.1% Bitcoin; 2.3% Bitcoin-Gold (hardfork) and 19.1% Ethereum. My original investment has increased 69.7% since the August 2017 entry date. Quite t...
by grayfox
Sun Nov 26, 2017 4:15 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

Keep sharing more stories about about spending bitcoin and other cryptocurrencies. Here is a documentary where filmmaker Morgan Spurlock tried Living on Bitcoin for a Week . At 1:00 in, Morgan Spurlock says: Some people say that it's the wave of the future. One day we'll be able to pay for everythin...
by grayfox
Sat Nov 25, 2017 5:45 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

If anyone is interested in the subject of Cryptocurrencies, I would recommend that you do what I did. Set up a wallet on your smart phone and then load some bitcoin or Litecoin onto your wallet. Then go and spend some. I would be interested in hearing about BH's experience doing this: 1. Which Crypt...
by grayfox
Fri Nov 24, 2017 2:43 pm
Forum: Investing - Theory, News & General
Topic: What is Bitcoin?
Replies: 262
Views: 35313

Re: What is Bitcoin?

I ran across another great series of YouTubes that explain bitcoin. It's called 101 Blackboard Series. The presenter is James DeAngelo. Here is one of the 36 videos in the playlist. Bitcoin 101 Blackboard Series James DeAngelo is great at explaining things. And he offered some insights that I have n...
by grayfox
Fri Nov 24, 2017 2:02 pm
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

RECAP: Immediately after buying ł 841.166 (ł1,000 = 1 LTC) for €50 from the ATM, LoafWallet showed that it was worth €48.37 at the then current exchange rate. I had lost €1.63, or 3.26%, in fees. This was in line with the 3% fee advertised on the sign. Note: Litecoin uses ł symbol, which looks like...
by grayfox
Wed Nov 22, 2017 10:48 am
Forum: Investing - Help with Personal Investments
Topic: Interesting ride so far - Crypto-curriencies
Replies: 86
Views: 5668

Re: Interesting ride so far - Crypto-curriencies

I'm a staunch Dividend Growth Investor but decided in August to place 3.5% of my aftertax investment fund allocation into Crypto-currencies. My mix is 78.1% Bitcoin; 2.3% Bitcoin-Gold (hardfork) and 19.1% Ethereum. My original investment has increased 69.7% since the August 2017 entry date. Quite t...
by grayfox
Wed Nov 22, 2017 3:42 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

OK, so I decided to repeat the experiment using Litecoin. It is basically the same process as with bitcoin. 1. Download and install a Litecoin Wallet from the App Store on your iPhone. 2. Buy some amount of litecoin from an ATM. 3. Spend litecoin at the Crypto Cafe. Litecoin requires a different wal...
by grayfox
Wed Nov 22, 2017 2:11 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

Anyway... when somebody dies, what are the chances of his heirs finding and being able to cash in his bitcoin? Nobody is going to report abandoned bitcoin to the state treasurer. If you keep the keys yourself, it depends on where you keep them: 1. Paper or metal wallet: they only need to find the w...
by grayfox
Tue Nov 21, 2017 7:31 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

This is where Litecoin and other alternatives come in. Litecoin is similar to bitcoin except its fees are low and it finds a block every 2.5 minutes. Its price has been quite stable over time compared to bitcoin (relative to crypto currency standards). If you had gone with litecoin instead of bitco...
by grayfox
Tue Nov 21, 2017 3:28 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

Other areas of inquiry: Not Market Timing, but Mempool Timing! One concerns the Mempool . It seems like a patient person could monitor the Mempool and carefully time his transactions/fees. One may be able to get away with as little as 5-10 satoshis/Byte. The wait might be days or weeks or months for...
by grayfox
Tue Nov 21, 2017 2:45 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

OK, at this point I have made only two bitcoin transactions. They both cost around 5 or 6 bucks (4.94 and 4.69 EUR). One took 7 minutes and one took 7 hours. Is that enough data to draw a definitive conclusion? Probably not. At this point I should collect more data, do more transactions, calculate m...
by grayfox
Mon Nov 20, 2017 2:50 am
Forum: Investing - Theory, News & General
Topic: Buying and Spending Bitcoin
Replies: 101
Views: 11300

Re: Buying and Spending Bitcoin

One thing I am learning is that there is a different set of knowledge to buy and use bitcoin than there is for understanding the theory behind it. A few months ago I watched the Khan Academy videos and read a bunch of stuff about bitcoin and blockchain. (See thread: What is Bitcoin? ) So I have a pr...