|
01-11-2018, 05:49 PM
|
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
|
Quote:
Originally Posted by Louie Dawgs
Investing in bitcoin is dumb, it's possible that you will make money, but it's just as possible that you will lose a shit ton.
|
Not investing in cryptocurrency is dumb. It's just a matter of time before it hits the mainstream. Short-term ability to make and lose huge amounts of money are both feasible. Long term I think it's just a matter of time before it becomes a part of our day to day at which point the cost of the coins will be much higher.
I have a few hundred in, but I've basically forgotten about that money now. I'll let it do it's thing and see where the ride takes us.
|
01-11-2018, 05:49 PM
|
#21
|
Guest
Voted:
0 audio / 0 text
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
|
Quote:
Originally Posted by Louie Dawgs
Investing in bitcoin is dumb, it's possible that you will make money, but it's just as possible that you will lose a shit ton.
|
Not investing in cryptocurrency is dumb. It's just a matter of time before it hits the mainstream. Short-term ability to make and lose huge amounts of money are both feasible. Long term I think it's just a matter of time before it becomes a part of our day to day at which point the cost of the coins will be much higher.
I have a few hundred in, but I've basically forgotten about that money now. I'll let it do it's thing and see where the ride takes us.
|
|
|
01-11-2018, 05:57 PM
|
Join Date: Jun 2012
Posts: 4,133
Mentioned: 1428 Post(s)
Tagged: 40 Thread(s)
Ranked Audio Record 63 Won / 15 Lost
Ranked Text Record 66 Won / 21 Lost
Exclusive Text Record 2 Won / 0 Lost
|
Quote:
Originally Posted by Nicholas
Not investing in cryptocurrency is dumb. It's just a matter of time before it hits the mainstream. Short-term ability to make and lose huge amounts of money are both feasible. Long term I think it's just a matter of time before it becomes a part of our day to day at which point the cost of the coins will be much higher.
I have a few hundred in, but I've basically forgotten about that money now. I'll let it do it's thing and see where the ride takes us.
|
I used to think people saying this were engaging in wishful thinking, but I'm kinda getting on board with this idea myself. It got to a pretty crazy high point not too long ago which kind of put into perspective the potential of BTC and cryptocurrencies as a general concept have. Idk how central to our way of currency it can become due to its finicky nature but serving as a wide-scale secondary payment option/source of trade is I think already setting itself up (hopefully not for failure.)
|
01-11-2018, 05:57 PM
|
#22
|
Ranked Audio Record 63 Won / 15 Lost
Ranked Text Record 66 Won / 21 Lost
Exclusive Text Record 2 Won / 0 Lost
Join Date: Jun 2012
Voted:
289
audio / 238
text
Posts: 4,133
Mentioned: 1428 Post(s)
Tagged: 40 Thread(s)
|
Quote:
Originally Posted by Nicholas
Not investing in cryptocurrency is dumb. It's just a matter of time before it hits the mainstream. Short-term ability to make and lose huge amounts of money are both feasible. Long term I think it's just a matter of time before it becomes a part of our day to day at which point the cost of the coins will be much higher.
I have a few hundred in, but I've basically forgotten about that money now. I'll let it do it's thing and see where the ride takes us.
|
I used to think people saying this were engaging in wishful thinking, but I'm kinda getting on board with this idea myself. It got to a pretty crazy high point not too long ago which kind of put into perspective the potential of BTC and cryptocurrencies as a general concept have. Idk how central to our way of currency it can become due to its finicky nature but serving as a wide-scale secondary payment option/source of trade is I think already setting itself up (hopefully not for failure.)
|
Offline
|
|
01-11-2018, 07:17 PM
|
Join Date: Oct 2008
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Ranked Text Record 1 Won / 1 Lost
|
Quote:
Originally Posted by Louie Dawgs
Investing in bitcoin is dumb, it's possible that you will make money, but it's just as possible that you will lose a shit ton.
|
that's with any investment.
|
01-11-2018, 07:17 PM
|
#23
|
Ranked Text Record 1 Won / 1 Lost
Join Date: Oct 2008
Voted:
0 audio / 1
text
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by Louie Dawgs
Investing in bitcoin is dumb, it's possible that you will make money, but it's just as possible that you will lose a shit ton.
|
that's with any investment.
|
Offline
|
|
01-12-2018, 06:44 AM
|
Join Date: Aug 2010
Posts: 6,808
Mentioned: 867 Post(s)
Tagged: 14 Thread(s)
Ranked Audio Record 57 Won / 5 Lost
Ranked Text Record 22 Won / 5 Lost
|
Of course you're getting on board. Crypto currency is a concept
The same way we had to buy into pieces of paper being used as currency, we can have virtual currency if enough people buy into the concept. The same way we had flip phones and enough people bought into the smartphone concept to make it a mainstay in the handset realm. This is no different
And like others have pointed out.. making/losing money pretty much applies to any investment. It just boils down to how good the investment is and how risk-averse you are
Last edited by Godbody; 01-12-2018 at 07:01 AM.
|
01-12-2018, 06:44 AM
|
#24
|
Ranked Audio Record 57 Won / 5 Lost
Ranked Text Record 22 Won / 5 Lost
Join Date: Aug 2010
Voted:
111
audio / 86
text
Posts: 6,808
Mentioned: 867 Post(s)
Tagged: 14 Thread(s)
|
Of course you're getting on board. Crypto currency is a concept
The same way we had to buy into pieces of paper being used as currency, we can have virtual currency if enough people buy into the concept. The same way we had flip phones and enough people bought into the smartphone concept to make it a mainstay in the handset realm. This is no different
And like others have pointed out.. making/losing money pretty much applies to any investment. It just boils down to how good the investment is and how risk-averse you are
Last edited by Godbody; 01-12-2018 at 07:01 AM.
|
Offline
|
|
01-12-2018, 07:07 AM
|
Join Date: May 2010
Posts: 2,190
Mentioned: 1070 Post(s)
Tagged: 31 Thread(s)
Ranked Audio Record 23 Won / 7 Lost
Ranked Text Record 4 Won / 5 Lost
|
Not all investments are as volatile and unstable as bitcoin
|
01-12-2018, 07:07 AM
|
#25
|
Ranked Audio Record 23 Won / 7 Lost
Ranked Text Record 4 Won / 5 Lost
Join Date: May 2010
Voted:
108
audio / 116
text
Posts: 2,190
Mentioned: 1070 Post(s)
Tagged: 31 Thread(s)
|
Not all investments are as volatile and unstable as bitcoin
|
Offline
|
|
01-12-2018, 07:34 AM
|
Join Date: Aug 2010
Posts: 6,808
Mentioned: 867 Post(s)
Tagged: 14 Thread(s)
Ranked Audio Record 57 Won / 5 Lost
Ranked Text Record 22 Won / 5 Lost
|
You guys keep talking about Bitcoin but there are other cryptos that go up and down marginally on a daily basis. That's not to say they can't and won't become volatile. But what's a couple of cents on the dollar versus Bitcoin fluctuating by hundreds or thousands of dollars at a time?
|
01-12-2018, 07:34 AM
|
#26
|
Ranked Audio Record 57 Won / 5 Lost
Ranked Text Record 22 Won / 5 Lost
Join Date: Aug 2010
Voted:
111
audio / 86
text
Posts: 6,808
Mentioned: 867 Post(s)
Tagged: 14 Thread(s)
|
You guys keep talking about Bitcoin but there are other cryptos that go up and down marginally on a daily basis. That's not to say they can't and won't become volatile. But what's a couple of cents on the dollar versus Bitcoin fluctuating by hundreds or thousands of dollars at a time?
|
Offline
|
|
01-12-2018, 09:02 AM
|
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
|
Just got coinbase. Gonna put some spare cash in and see what happens. Still gotta wait a few days to get verified. What are y'all using to navigate this shit?
|
01-12-2018, 09:02 AM
|
#27
|
Guest
Voted:
0 audio / 0 text
Posts: n/a
Mentioned: Post(s)
Tagged: Thread(s)
|
Just got coinbase. Gonna put some spare cash in and see what happens. Still gotta wait a few days to get verified. What are y'all using to navigate this shit?
|
|
|
01-12-2018, 08:41 PM
|
Join Date: Oct 2008
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Ranked Text Record 1 Won / 1 Lost
|
Quote:
Originally Posted by OSKAR
Not all investments are as volatile and unstable as bitcoin
|
This is completely false, there is other coins other than bitcoin, anyone can literally create a crypto currency, I can make a diacoin if I wanted rofl, if you know what you doing you will make money just like with any other investment, dudes went from sleeping on there couch's to living in mansions off this shit, due to some bitcoin they forgot about, you can live off bitcoin/crypto these days, and thats scary,if you invest/reinvest in the right companies you will clean up,if bitcoin goes down it will come back up, so don't get paranoid and pull your money out because it goes down.
Last edited by Extended Cuts; 01-12-2018 at 08:45 PM.
|
01-12-2018, 08:41 PM
|
#28
|
Ranked Text Record 1 Won / 1 Lost
Join Date: Oct 2008
Voted:
0 audio / 1
text
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by OSKAR
Not all investments are as volatile and unstable as bitcoin
|
This is completely false, there is other coins other than bitcoin, anyone can literally create a crypto currency, I can make a diacoin if I wanted rofl, if you know what you doing you will make money just like with any other investment, dudes went from sleeping on there couch's to living in mansions off this shit, due to some bitcoin they forgot about, you can live off bitcoin/crypto these days, and thats scary,if you invest/reinvest in the right companies you will clean up,if bitcoin goes down it will come back up, so don't get paranoid and pull your money out because it goes down.
Last edited by Extended Cuts; 01-12-2018 at 08:45 PM.
|
Offline
|
|
01-12-2018, 10:32 PM
|
Join Date: May 2010
Posts: 2,190
Mentioned: 1070 Post(s)
Tagged: 31 Thread(s)
Ranked Audio Record 23 Won / 7 Lost
Ranked Text Record 4 Won / 5 Lost
|
What does that have to do with anything?
It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.
Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.
Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling
PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).
Last edited by OSKAR; 01-12-2018 at 10:37 PM.
|
01-12-2018, 10:32 PM
|
#29
|
Ranked Audio Record 23 Won / 7 Lost
Ranked Text Record 4 Won / 5 Lost
Join Date: May 2010
Voted:
108
audio / 116
text
Posts: 2,190
Mentioned: 1070 Post(s)
Tagged: 31 Thread(s)
|
What does that have to do with anything?
It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.
Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.
Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling
PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).
Last edited by OSKAR; 01-12-2018 at 10:37 PM.
|
Offline
|
|
01-14-2018, 04:51 AM
|
Join Date: Oct 2008
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
Ranked Text Record 1 Won / 1 Lost
|
Quote:
Originally Posted by OSKAR
What does that have to do with anything?
It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.
Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.
Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling
PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).
|
A real investor won't get paranoid when shit goes down, because it will just go back up, a good way to lose your money is to pull it out when it goes down, like I said, any investment is risky, it's probably more controlled than the stock market/real estate right now, this attitude is why me and many others didn't jump on it in 2010, we could all be millionaires by now, and it wouldn't be luck either,all them dudes that got rich off it, new what was going to happen, and wasn't stubborn like we was, so I hardly call that luck.
|
01-14-2018, 04:51 AM
|
#30
|
Ranked Text Record 1 Won / 1 Lost
Join Date: Oct 2008
Voted:
0 audio / 1
text
Posts: 10
Mentioned: 0 Post(s)
Tagged: 0 Thread(s)
|
Quote:
Originally Posted by OSKAR
What does that have to do with anything?
It's no secret that a month ago bitcoin hit an all time high $19k only for it to drop to $14k then for it to rise again to $17k last week and then back down to 13k a week later. That's a 4k fluctuation each week and that's what volatility means. People living on 'mansions and shit' does not mean that they are smart investors nor that bitcoin is the way forward. They just got lucky, as if the won the lotto.
Your exposure on bitcoin's price is enormous anyway you slice it. Now, talking volatility in stock market terms, yes, there are some stocks who's price flactuate alot but then again the price per unit is a 1000x less than that of a bitcoin (as high volatile stocks are startup companies). If you want to spend thousands to purchase a single stock in the stock market, then you are looking at blue chips that more or less have stable returns. When investing in the stock market no one goes all out and invests on volatile stocks. They include these stocks in a portfolio and then diversify the risk through fixed income instruments and other alternatve investment instruments (that have low correlation to stocks). That is smart investing.
Bitcoin is just a shithole. You spend 14k to buy today and may already be 4k short by tommorow. This ain't investing...its gambling
PS: No other cryptocurrency will reach the levels of performance that bitcoin did simply because there are to many out there now. This means, that people will try to invest in the next bitcoin (every person investing in to a different crypto) rather than draw all of this demand/attention into a specific one (which will lead to a hge price increase).
|
A real investor won't get paranoid when shit goes down, because it will just go back up, a good way to lose your money is to pull it out when it goes down, like I said, any investment is risky, it's probably more controlled than the stock market/real estate right now, this attitude is why me and many others didn't jump on it in 2010, we could all be millionaires by now, and it wouldn't be luck either,all them dudes that got rich off it, new what was going to happen, and wasn't stubborn like we was, so I hardly call that luck.
|
Offline
|
|
Thread Tools |
|
Display |
Linear Mode
|
Posting Rules
|
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
All times are GMT -4. The time now is 03:44 AM.
|
|
|