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Topic Title: Anyone investing in BitCoin?
Topic Summary:
Created On: 08/15/2017 11:46 AM
Linear : Threading : Single : Branch
 Anyone investing in BitCoin?   - daner - 08/15/2017 11:46 AM  
 Anyone investing in BitCoin?   - DaveFL76 - 08/16/2017 08:39 AM  
 Anyone investing in BitCoin?   - CERTON - 08/18/2017 07:49 PM  
 Anyone investing in BitCoin?   - CERTON - 01/06/2018 06:21 PM  
 Anyone investing in BitCoin?   - surfysurfy - 01/06/2018 06:32 PM  
 Anyone investing in BitCoin?   - Lunchmeat - 12/21/2017 03:59 PM  
 Anyone investing in BitCoin?   - DaveFL76 - 12/21/2017 06:06 PM  
 Anyone investing in BitCoin?   - TeeBirdForever - 12/22/2017 08:59 PM  
 Anyone investing in BitCoin?   - Baumer - 08/19/2017 04:48 AM  
 Anyone investing in BitCoin?   - DaveFL76 - 08/19/2017 08:44 AM  
 Anyone investing in BitCoin?   - CERTON - 12/16/2017 03:32 PM  
 Anyone investing in BitCoin?   - dropsolo - 12/16/2017 04:49 PM  
 Anyone investing in BitCoin?   - jcortez13 - 12/17/2017 05:38 AM  
 Anyone investing in BitCoin?   - StirfryMcflurry - 12/18/2017 06:12 AM  
 Anyone investing in BitCoin?   - wtf - 12/23/2017 06:02 AM  
 Anyone investing in BitCoin?   - TeeBirdForever - 12/23/2017 07:44 AM  
 Anyone investing in BitCoin?   - wbsponger - 12/23/2017 01:13 PM  
 Anyone investing in BitCoin?   - jcortez13 - 12/28/2017 05:13 AM  
 Anyone investing in BitCoin?   - RUSSD - 01/13/2018 06:00 PM  
 Anyone investing in BitCoin?   - 3rdworldlover - 01/16/2018 09:29 AM  
 Anyone investing in BitCoin?   - StirfryMcflurry - 01/16/2018 10:57 AM  
 Anyone investing in BitCoin?   - 3rdworldlover - 01/17/2018 07:36 AM  
 Anyone investing in BitCoin?   - worksuxgetsponsered - 01/17/2018 07:59 AM  
 Anyone investing in BitCoin?   - DaveFL76 - 01/26/2018 08:59 PM  
 Anyone investing in BitCoin?   - CERTON - 01/17/2018 11:03 AM  
 Anyone investing in BitCoin?   - dingpatch - 01/19/2018 05:37 PM  
 Anyone investing in BitCoin?   - jcortez13 - 01/20/2018 05:12 AM  
 Anyone investing in BitCoin?   - dingpatch - 01/20/2018 07:10 AM  
 Anyone investing in BitCoin?   - DaveFL76 - 01/20/2018 07:36 AM  
 Anyone investing in BitCoin?   - realsur4 - 01/21/2018 10:07 AM  
 Anyone investing in BitCoin?   - TeeBirdForever - 01/22/2018 06:46 AM  
 Anyone investing in BitCoin?   - TeeBirdForever - 01/23/2018 07:35 AM  
 Anyone investing in BitCoin?   - Lunchmeat - 01/26/2018 05:13 PM  
 Anyone investing in BitCoin?   - DaveFL76 - 01/26/2018 09:00 PM  
 Anyone investing in BitCoin?   - ww - 01/30/2018 07:04 AM  
 Anyone investing in BitCoin?   - KeyserSoze - 01/30/2018 07:19 AM  
 Anyone investing in BitCoin?   - johnnyboy - 02/05/2019 05:50 AM  
 Anyone investing in BitCoin?   - Quadro - 03/07/2024 10:20 AM  
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 08/15/2017 11:46 AM
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daner

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Up 60% this month!

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 08/16/2017 08:39 AM
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DaveFL76

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Well, sort of. I bought 8 Bitcoin at around $300. Sold them at $900. Can't beat tripling your money, right?!? I was going to buy back in once they got lower. I'm still waiting.

Sort of reminds me of when I bought Tesla at $20 and sold at $80. I'm still waiting for that to pull back again, too.

Edited: 08/16/2017 at 09:00 AM by DaveFL76

 08/18/2017 07:49 PM
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CERTON

Posts: 1821
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Ethereum



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 01/06/2018 06:21 PM
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CERTON

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Originally posted by: CERTON

Ethereum



Did the bubble burst yet??? Yewwww!!!


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 01/06/2018 06:32 PM
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surfysurfy

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Whats some of the basics for a novice interested in Ethereum? All sites seem so confusing.

 12/21/2017 03:59 PM
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Lunchmeat

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Originally posted by: DaveFL76

Well, sort of. I bought 8 Bitcoin at around $300. Sold them at $900. Can't beat tripling your money, right?!?
I was going to buy back in once they got lower. I'm still waiting.


Sort of reminds me of when I bought Tesla at $20 and sold at $80. I'm still waiting for that to pull back again, too.


Ouch! I bet you're kicking yourself now.

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If it’s legal will do it, if it’s not legal, we’ll figure out how to change the law-Joe Biden
 12/21/2017 06:06 PM
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DaveFL76

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Originally posted by: Lunchmeat
Originally posted by: DaveFL76 Well, sort of. I bought 8 Bitcoin at around $300. Sold them at $900. Can't beat tripling your money, right?!? I was going to buy back in once they got lower. I'm still waiting. Sort of reminds me of when I bought Tesla at $20 and sold at $80. I'm still waiting for that to pull back again, too.
Ouch! I bet you're kicking yourself now.
Those wounds are all healed now. Ready to pre-sell my next investment. I guess I should share my next Bright Idea so you folks have a shot at making real money!

Anybody looking to buy a local restaurant concept?

 12/22/2017 08:59 PM
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TeeBirdForever

Posts: 357
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It's a bubble. Don't do it.

 08/19/2017 04:48 AM
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Baumer

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+1 ETH

Lots of money to be made of you go long on it.

 08/19/2017 08:44 AM
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DaveFL76

Posts: 2856
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Originally posted by: Baumer +1 ETH

Lots of money to be made of you go long on it.

Yeah I got bored of ETH just sitting there at $10 so I sold my position. These are excellent examples of why I'm no longer an investment advisor!
 12/16/2017 03:32 PM
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CERTON

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\m/

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#rydyrstrong
 12/16/2017 04:49 PM
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dropsolo

Posts: 1840
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+ETH

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 12/17/2017 05:38 AM
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jcortez13

Posts: 61
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+Litecoin +Ripple
 12/18/2017 06:12 AM
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StirfryMcflurry

Posts: 8746
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\m/ +ETH

 

 12/23/2017 06:02 AM
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wtf

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Too late now...

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 12/23/2017 07:44 AM
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TeeBirdForever

Posts: 357
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Having said that, blockchain could turn out to be a very cool thing. Internet denizens can own and password protect their stuff without relying on the good will of some central authority like, say, Google or CrApple. This is beginning to happen with real estate listings.

 12/23/2017 01:13 PM
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wbsponger

Posts: 2163
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Got a few Bitcoin at $650 sold half last week. Got eth at $42 sold half last week. Feel pretty smart

Assume these things will go to zero or a million eventually. Far more likely to zero. Very bubble feeling. Don't plan on putting any more money in that's for sure

 12/28/2017 05:13 AM
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jcortez13

Posts: 61
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Segwit2x fork today, could get interesting.
 01/13/2018 06:00 PM
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RUSSD

Posts: 182
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I am invested in Bitcoin, Etherium, Ripple, and TRON. Hoping one of these pays off in a few years.

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 01/16/2018 09:29 AM
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3rdworldlover

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How can a novice purchase put options on these currencies?
Don't you think regulators are going to smack these down even more soon?
 01/16/2018 10:57 AM
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StirfryMcflurry

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Originally posted by: 3rdworldlover Don't you think regulators are going to smack these down even more soon?

 

You mean - the same way they did with Pot stocks, right?

 01/17/2018 07:36 AM
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3rdworldlover

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The Federal Reserve and SEC have no interest in regulating pot. They do care about regulating the value of the dollar though.

Looks like I'm too late to get in on the sell off.

 01/17/2018 07:59 AM
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worksuxgetsponsered

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I had some pot stalks, but then I made a bunch of butter....

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Specializing in sarcasm and condescending rhetoric since 1971.

Edited: 01/17/2018 at 08:23 AM by worksuxgetsponsered
 01/26/2018 08:59 PM
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DaveFL76

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Originally posted by: StirfryMcflurry
Originally posted by: 3rdworldlover Don't you think regulators are going to smack these down even more soon?

 

You mean - the same way they did with Pot stocks, right?

Yeah, I got sucked into that gimmick for a few bucks. I would have been much better off just buying pot.
 01/17/2018 11:03 AM
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CERTON

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Price drop? HODL and BUY

Note: Even though it's the future of global currency, crypto is pure gambling at this stage. Only invest what you can afford to lose and good luck!

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"Don't count the days, make the days count." -Ali
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 01/19/2018 05:37 PM
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dingpatch

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Bitcoin Is Likely to 'Totally Collapse and Be Forgotten,' Nobel Prize-Winning Economist Says
Money Brad Tuttle,Money 9 hours ago


Robert Shiller predicted the housing bubble AND the tech wreck.

Robert Shiller, the Nobel Prize-winning Yale economist who predicted the housing bubble, says that he is mystified by the rise of Bitcoin - but ultimately regards the cryptocurrency as a speculative bubble that is likely to burst.

Speaking with CNBC in advance of the upcoming World Economic Forum in Davos, Switzerland, where Shiller will give a talk, the author of the best-selling book Irrational Exuberance said that Bitcoin "has no value at all unless there is some common consensus that it has value."

Shiller compared the extraordinary rise in Bitcoin, which surged from around $800 to over $19,000 in 2017, before plunging below $10,000 lately, to "Tulip mania." That's the bizarre period in 17th-century Holland when spiking demand and rampant speculation drove the price of tulips through the roof - before the market collapsed, of course.

"We still pay for tulips even now and sometimes they get expensive," Shiller said on CNBC. Similarly, Bitcoin "might totally collapse and be forgotten and I think that's a good likely outcome, but it could linger on for a good long time, it could be here in 100 years."

Shiller, who has previously said that the cryptocurrency is spreading "like a contagion," also told CNBC this week that he "doesn't know what to make of Bitcoin ultimately."

Last week, billionaire investing genius Warren Buffett also expressed confusion over the rise of Bitcoin and other cryptocurrencies, and predicted that the bubble would inevitably pop. "In terms of cryptocurrencies, generally, I can say with almost certainty that they will come to a bad ending," Buffett said on CNBC. "When it happens or how or anything else, I don't know."

Nonetheless, some say that Bitcoin and rival cryptocurrencies like
Ethereum and Ripple still have plenty of room to run. One analyst from Saxo Bank, which accurately forecast that Bitcoin would triple in value in 2017, recently said that Bitcoin could peak to over $50,000, or even $100,000 this year.

However, the same bank is predicting that Bitcoin could drop back to $1,000 before 2018 is over.

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 01/20/2018 05:12 AM
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jcortez13

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"Shiller, who has previously said that the cryptocurrency is spreading "like a contagion," also told CNBC this week that he "doesn't know what to make of Bitcoin ultimately." "

So basically he has no clue and is guessing. Blockchain is so completely foreign to people like him. All of the speculators base their knowledge and predictions off of existing financial systems, and bitcoin and the like are trying to avoid being turned into that. As @CERTON mentions above it's still like gambling at this point but the technology will happen and some of the coins will become as normal as the dollar.
 01/20/2018 07:10 AM
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dingpatch

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Well, it's not like Shiller is an uneducated dolt like the rest of us here. Nobel Prizes are not too easy to get. I'd have to say that he does have a "clue", or two.

Warren Buffet says pretty much the same things about "cryptos".

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Edited: 01/20/2018 at 07:39 AM by dingpatch
 01/20/2018 07:36 AM
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DaveFL76

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I originally liked the idea of using it as a currency a couple years ago. Bought some stuff off Overstock, and a handful of other online stores that accepted it. This is when it was 'relatively' stable. With this speculative runup, I don't see it ever being used as an alternate currency (its original intention) again.
 01/21/2018 10:07 AM
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realsur4

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I'm sure there is a bank, or multiple banks, who are designing their own "digital currency" that will be legit because they will back it financially. What I don't understanding is how is that any different than PayPal or a type of credit card? You pay with it, then you pay the bank for using it or use the funds from your digital currency account. It's the same game in my opinion.
 01/22/2018 06:46 AM
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TeeBirdForever

Posts: 357
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Blockchain has nothing to do with bitcoin's hysterics.

It's only because speculators are involved now. The same thing as saying it's a bubble.

It certainly could be a normal kind of currency if there were something to stabilize it, but it's more like gold now; a thing that is not a necessity (not stabilized by actual need) but for which there is a high demand.

 01/23/2018 07:35 AM
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TeeBirdForever

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 01/26/2018 05:13 PM
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Lunchmeat

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Get the Coinbase app, put some play money in it and buy some crypto. A couple of buddies and I basically daytrade it. It goes up and down so much there's plenty of money to be made. 10-20% swings daily. Thats better than most stocks. Buy on dips then sell when it goes back up. Plus- your money is available after a sale withing a few minutes. Money from stock sales take days to clear.

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If it’s legal will do it, if it’s not legal, we’ll figure out how to change the law-Joe Biden

Edited: 01/28/2018 at 07:01 AM by Lunchmeat
 01/26/2018 09:00 PM
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DaveFL76

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Originally posted by: Lunchmeat Get the Coinbase app, put some play money in it and buy some crypto. A couple of buddies and I basically daytrade it. It goes up and down so much there's plenty of money to be made. 10-20% swings daily. Thats better than most stocks. Buy on dips then sell when it goes back up. Plus- your money is available after a sale withing a few minutes. Money from stock sales take days to clear. And finally, no tax bs to report on earnings, unlike to 40% hit on short term stock earnings, there's nothing to report, nada. Feel free to PM if you have a question and I'll try to answer it.
What are your plans for reporting gains and losses? My understanding is that they're going to generate 1099s if you trade more than $20k per year. Keeping track of it seems like a pain.
 01/30/2018 07:04 AM
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ww

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Krugman has another column citing Shiller today.  A commenter linked to Nouriel Roubini, whose putdown of Bitcoin is a bit different.  

 01/30/2018 07:19 AM
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KeyserSoze

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Anyone know anything about or have thoughts on KKTCoin ??




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Who is Keyser Soze?

 02/05/2019 05:50 AM
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johnnyboy

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http://www.npr.org/2019/02/04/...-founder-s-unexpected

Well. Here's another area I didn't get into because I didn't have the money to. I guess I got lucky.

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"One of the reasons why propaganda tries to get you to hate government is because it's the one existing institution in which people can participate to some extent and constrain tyrannical unaccountable power." Noam Chomsky.

 03/07/2024 10:20 AM
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Quadro

Posts: 149
Joined Forum: 11/14/2017

Bitcoin bump. Old commentary, opinions, podcasts, fill in the blank, is the best. Just buy, hold, and ignore everyone for the most part, especially Paul Krugman whose wrong on most things and 100% any alt-coiners.
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