bulltalk.65

Crypto currency

8 posts in this topic

Anyone here into crypto currencies?

Thoughts on investing, have you done good with it? Are you thinking about it?

I turned down buying some Bitcoin from a friend back in 2015 and now in hind sight that was a mistake...lol

I threw a bit into it early last year and it's doing pretty good.

Just curious to see if anyone else here has invested.

Wondered as well if and when the board sellers would be/will be excepting crypto as payment.

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If you bought in 2015 sell it and reap your reward. I won't have anything to do with it and here are my concerns:

1)  Nothing to back it up, except people continuing buying into it. Classic Ponzi style investment.

2) Zero accountability.

3)  Countries are now restricting or outlawing use of it.

4) Whats to say another does not appear with better uses, backing, etc. and people flock to that currency. 

5) I don't totally understand it and even the experts concede that it has some growing pains to work out.

The list goes on!

 

 

 

 

 

 

 

 

 

 

 

 

 

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43 minutes ago, Badgerbuckhunter said:

If you bought in 2015 sell it and reap your reward. I won't have anything to do with it and here are my concerns:

1)  Nothing to back it up, except people continuing buying into it. Classic Ponzi style investment.

2) Zero accountability.

3)  Countries are now restricting or outlawing use of it.

4) Whats to say another does not appear with better uses, backing, etc. and people flock to that currency. 

5) I don't totally understand it and even the experts concede that it has some growing pains to work out.

The list goes on!

 

 

 

 

 

 

 

 

 

 

 

 

 

I agree with ya on 90% of that.

Now that the government is involved though, I believe it has huge growth potential.

As far as actual banning, I haven't seen where any was actually banned, only how it's being mined and in specific communist countries. Most have adopted it and like China, it is full scale. We even have crypto ATM machines out here in CA...lol, I used one in San Fran last time I was down there for medical appts. Kinda weird but cool too..

I put in a decent sum and I've had huge growth on multiple cryptos that I hold over the last 24 months. I sold a pile during the huge end of 2017 pump and did really well with a sell in January (way way more than quadrupled my money on one crypto), I bought 1500 @ 0.04 and sold all @ $3.45, reinvested some of that in to multiple others.

I try to do good research and only buy low supply (under 500 mill total supply) and that have good to excellent working use cases or a working existing product that solves a real world issue.

There is a ton of them that will just disappear with the wind but that is with anything in the real world.

I figured what the heck, if I can put some money in my pocket or leave something for my woman to live on and bury me then it's all good.

Any or all investment has volatility and risk, you just got to be willing to sit back, unemotionally attached and let it ride and hope for the best.......😉

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I have never even heard of it so I guess to answer your question, No, I will not be accepting it.  I am a bit of a country bumpkin and don't get out much so what do I know. :D

Edited by bigbassmann

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1 hour ago, bigbassmann said:

I have never even heard of it so I guess to answer your question, No, I will not be accepting it.  I am a bit of a country bumpkin and don't get out much so what do I know. :D

Lol.. crypto has been around since 06 then came alive to public in 09 with Bitcoin.

Amazon is getting ready to accept crypto as a payment form, as matter of fact they just recently  purchased 25 domains related to using their own crypto, although nothing announced publicly. Google, microsoft, apple and a slew of others are already on board and backing crypto and are preparing for payment acceptance.

Digital currency is coming.

We even have some local stores that accept bitcion.

 

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Here in Australia all advice is to steer clear as there is no backup if it goes belly up. 

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Started going to the casino a few months ago.  So far I have made more there than in the stock market.  Shows you what kind of investor I am.  LOL.  Sounds interesting though, but chances are about 99% that I'll pick the worst one.

Edited by ghoot

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1 hour ago, ghoot said:

Started going to the casino a few months ago.  So far I have made more there than in the stock market.  Shows you what kind of investor I am.  LOL.  Sounds interesting though, but chances are about 99% that I'll pick the worst one.

Lol... Yeah, with the crypto you definitely have to do your due diligence and research before dropping any dime.

I'm in about 12 different cryptos but there is 1 I'm most interested in and believe it will be a really good investment long term. I'm holding for 36 months then I'll see where it's at or how it's progressed.

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