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The Wealthy Are Hoarding $10 Billion of Bitcoin in Bunkers [Bloomberg Link Only]
Bloomberg [Link in Body] ^ | May 9, 2018 | Tom Metcalf

Posted on 05/09/2018 12:29:44 PM PDT by C19fan

click here to read article


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To: algore

“Never underestimate the bandwidth of a station wagon full of tapes hurtling down the highway.”

For some strange reason the song “Radar Love” came to mind for me.


41 posted on 05/09/2018 2:20:15 PM PDT by MeganC (There is nothing feminine about feminism.)
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To: Mathews
Not entirely worthless. I made over $20K on them several months ago... cash... American... in my bank. Now I’m into the mining side of it, the block chain side of it and the putting the cash into my bank side of it. Traded on a daily basis.

I applaud you for your luck and daring. I wouldn't touch the stuff. So far as I can tell, it's the modern version of tulips.

42 posted on 05/09/2018 2:30:29 PM PDT by DiogenesLamp ("of parents owing allegiance to no other sovereignty.")
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To: C19fan

Obviously, those with SFB!


43 posted on 05/09/2018 2:39:03 PM PDT by RetiredTexasVet (Start using cash and checks or the elite class and bankers will make "cashless" the norm.)
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To: C19fan

It’s sobering to find out after all these years the Spanish Conquistadors were really searching for Bitcoin.


44 posted on 05/09/2018 2:42:11 PM PDT by Rebelbase
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To: P.O.E.

Used to soak bait in bunker oil when surf fishing. That stuff stinks.


45 posted on 05/09/2018 2:43:13 PM PDT by Rebelbase
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To: C19fan

> Hoarding $10 Billion of Bitcoin

It’s actually 20 billion... no wait... 15... no 5... no 7....


46 posted on 05/09/2018 3:15:16 PM PDT by ArcadeQuarters ("Immigration Reform" is ballot stuffing)
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To: C19fan

Wow! Bitcoin. I have %150k of precious metals in my ‘bunkers’. Blued steel, brass and lead.


47 posted on 05/09/2018 3:20:05 PM PDT by GreyHoundSailor
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To: C19fan

There’s not enough bit coin in the world to buy a can of beans from me during a real SHTF!


48 posted on 05/09/2018 3:28:31 PM PDT by Kartographer ("We mutually pledge to each other our lives, our fortunes and our sacred honor.")
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To: precisionshootist

“As little as 5k investment in bitcoin just 8 years ago would make you a multi millionaire today.”

10K in Apple, Cisco, Xerox, Microsoft, or Intel when they first went public would make you a multi-millionaire today

and a million dollar “investment” in bitcoin in 12/2018 would make you a half a millionaire today.

see how that all works?


49 posted on 05/09/2018 3:43:48 PM PDT by catnipman ((Cat Nipman: Vote Republican in 2012 and only be called racist one more time!))
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To: lurk

Amen brother.

I even make fun of folks up here stocking up on gold and silver and such. I ask if they can eat it, or buy with it. It won’t be worth anything. Water, food, ammo, medicine. The right people. That’s the win right there. All with Jesus in their hearts too.


50 posted on 05/09/2018 4:38:30 PM PDT by Bulwyf
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To: C19fan

Internet’s down, most people don’t have power, but gosh darn it, I know the bitcoin saved on my servers is worth a fortune.


51 posted on 05/09/2018 8:09:22 PM PDT by tbw2
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To: precisionshootist

The scary part was the 1/5 of college students investing in Bitcoin using their student loans.
So when you can’t pay the payments and I’m on the hook for it, I’ve also partially subsidized this crap?


52 posted on 05/09/2018 8:10:24 PM PDT by tbw2
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To: catnipman

apple and xerox went public a long time ago. A small investment at bitcoin launch is a magnitudes of order larger payoff. It’s not even comparable. I’m not advocating bitcoin at all, I’m just stating facts. Many people on this board seem to be having a hard time accepting they missed the investment of a lifetime. Face it guys a $100 investment at bitcoin launch only about ten years ago and today you would be a retired multi millionaire zipping around in your private jet. Quite a few people were lucky enough to have thrown a couple hundred bucks at it back then.


53 posted on 05/09/2018 8:23:57 PM PDT by precisionshootist
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To: tbw2

Ya they were like most of us, a little late to the party.


54 posted on 05/09/2018 8:56:00 PM PDT by precisionshootist
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To: C19fan

And we care because?


55 posted on 05/09/2018 10:27:23 PM PDT by DoughtyOne (01/26/18 DJIA 30 stocks $26,616.71 48.794% > open 11/07/16 215.71 from 50% increase 1.2183 yrs..)
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To: Blurb2350

Some would say the US dollar is backed by the US military. Some would say that wars have been started to sustain the local currency over the ages.

In some ways I agree, if Bitcoin goes to zero it’s a news cycle or two. If the dollar goes to zero, a lot of people die. Not just Americans.


56 posted on 05/10/2018 5:02:39 AM PDT by dangerdoc
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To: Blurb2350

Some would say the US dollar is backed by the US military. Some would say that wars have been started to sustain the local currency over the ages.

In some ways I agree, if Bitcoin goes to zero it’s a news cycle or two. If the dollar goes to zero, a lot of people die. Not just Americans.


57 posted on 05/10/2018 5:03:12 AM PDT by dangerdoc
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To: DiogenesLamp

I completely understand. I buy the dips and sell the highs. I catch flak for it, but those folks don’t pay my bills...


58 posted on 05/10/2018 9:25:40 AM PDT by Mathews (Ecclesiastes 10:2 (NIV), Luke 22:36 (NIV))
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