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.)

that's with any investment.

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

Not all investments are as volatile and unstable as bitcoin

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?

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?

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.

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.