Inve$ting for the future
January 8th, 2018, 02:52 PM
#1
Hookers under Hood
Thread Starter
Join Date: Nov 2013
Location: Ontario, Canada
Posts: 3,543
Inve$ting for the future
Anyone here putting $$ into Cryptocurrencies.
I'm not interested in knowing which ones you hold or are considering holding in the near future.
Just like to know if anyone here has is or was dabbling in this space.
Your thoughts are welcome but not necessary, a simple " I am in" would be enough.
Thanks
Eric
I am in
I'm not interested in knowing which ones you hold or are considering holding in the near future.
Just like to know if anyone here has is or was dabbling in this space.
Your thoughts are welcome but not necessary, a simple " I am in" would be enough.
Thanks
Eric
I am in
January 8th, 2018, 02:58 PM
#2
Administrator
Join Date: Oct 2009
Location: Poteau, Ok
Posts: 40,555
I can't see investing in something that is based or backed by nothing or no one. I think its a scam and extremely manipulated. With any scheme there will be winners and losers, however the way I see it there will be far more losers than winners when its all said and done.
January 8th, 2018, 06:52 PM
#8
Hookers under Hood
Thread Starter
Join Date: Nov 2013
Location: Ontario, Canada
Posts: 3,543
January 8th, 2018, 09:29 PM
#9
Rocket Renegade!
Join Date: Dec 2014
Location: Vancouver Island
Posts: 4,409
Anyone here putting $$ into Cryptocurrencies.
I'm not interested in knowing which ones you hold or are considering holding in the near future.
Just like to know if anyone here has is or was dabbling in this space.
Your thoughts are welcome but not necessary, a simple " I am in" would be enough.
Thanks
Eric
I am in
I'm not interested in knowing which ones you hold or are considering holding in the near future.
Just like to know if anyone here has is or was dabbling in this space.
Your thoughts are welcome but not necessary, a simple " I am in" would be enough.
Thanks
Eric
I am in
January 8th, 2018, 11:26 PM
#10
Registered User
Join Date: Jun 2011
Location: KANSAS CITY, KS
Posts: 2,030
i watched a show on bitcoin today... after an hour, i still dont see or understand how it really works..well not fully..i get the idea..but to me it seems like a scam, but i'm not a nerd..
they kept calling the early guys and the people that believe in it "Utopians" then halfway thru they kept saying "libertarians" where strong supporters...
it worked really well for a drug traffic-er..the guy made millions... google silk-road...dudes gonna rot in jail...
of course the 1.4 billion that disappeared into the inner-webs is a mystery... and really dealt a blow to its credibility for a time..it crashed...but bounced back
its being regulated, and banks are adopting some of the technology...but, coming from a generation that sees currency as a real, well currency, i cant get my head around it enough to believe in it...
a bit coins value at the beginning was $.0007...last i heard its $15,100.00 US dollars for the same bit coin, according to a google it matches pretty close
its hard for me to trust, but i guess its because of my up-bringing, a generational thing
they kept calling the early guys and the people that believe in it "Utopians" then halfway thru they kept saying "libertarians" where strong supporters...
it worked really well for a drug traffic-er..the guy made millions... google silk-road...dudes gonna rot in jail...
of course the 1.4 billion that disappeared into the inner-webs is a mystery... and really dealt a blow to its credibility for a time..it crashed...but bounced back
its being regulated, and banks are adopting some of the technology...but, coming from a generation that sees currency as a real, well currency, i cant get my head around it enough to believe in it...
a bit coins value at the beginning was $.0007...last i heard its $15,100.00 US dollars for the same bit coin, according to a google it matches pretty close
its hard for me to trust, but i guess its because of my up-bringing, a generational thing
January 9th, 2018, 10:21 AM
#13
71 cutlass convertible
Join Date: Sep 2008
Location: Trappe, MD
Posts: 2,018
Had a Great Great Aunt that bought 1000 shares of AT&T back when they still had Telegraphs in use. She thought it would be a good investment. She guessed right.
Bitcoin could be great or bust. I wouldn't invest in it anymore than I would take into a casino to lose.
Bitcoin could be great or bust. I wouldn't invest in it anymore than I would take into a casino to lose.
January 9th, 2018, 03:18 PM
#15
Hookers under Hood
Thread Starter
Join Date: Nov 2013
Location: Ontario, Canada
Posts: 3,543
i watched a show on bitcoin today... after an hour, i still dont see or understand how it really works..well not fully..i get the idea..but to me it seems like a scam, but i'm not a nerd..
they kept calling the early guys and the people that believe in it "Utopians" then halfway thru they kept saying "libertarians" where strong supporters...
it worked really well for a drug traffic-er..the guy made millions... google silk-road...dudes gonna rot in jail...
of course the 1.4 billion that disappeared into the inner-webs is a mystery... and really dealt a blow to its credibility for a time..it crashed...but bounced back
its being regulated, and banks are adopting some of the technology...but, coming from a generation that sees currency as a real, well currency, i cant get my head around it enough to believe in it...
a bit coins value at the beginning was $.0007...last i heard its $15,100.00 US dollars for the same bit coin, according to a google it matches pretty close
-----------
I'm far from a computer nerd, Their are millennials making huge money with these currencies.
So many to sift through, however they say their will be 5 to watch in early February.
The bottom may fall out of the top 3 which would be devastating for those who don't shuffle quick.
Heavy hitters with the big $$ can flip things around quickly.
Have to watch for the Bots and hackers that are taking these currencies way up and dropping them the next day.
Just need to be ready for the upswing on the bottom.
With these currencies, their will be no need for Credit cards, banks , etc in the future.
See what happens!
its hard for me to trust, but i guess its because of my up-bringing, a generational thing
they kept calling the early guys and the people that believe in it "Utopians" then halfway thru they kept saying "libertarians" where strong supporters...
it worked really well for a drug traffic-er..the guy made millions... google silk-road...dudes gonna rot in jail...
of course the 1.4 billion that disappeared into the inner-webs is a mystery... and really dealt a blow to its credibility for a time..it crashed...but bounced back
its being regulated, and banks are adopting some of the technology...but, coming from a generation that sees currency as a real, well currency, i cant get my head around it enough to believe in it...
a bit coins value at the beginning was $.0007...last i heard its $15,100.00 US dollars for the same bit coin, according to a google it matches pretty close
-----------
I'm far from a computer nerd, Their are millennials making huge money with these currencies.
So many to sift through, however they say their will be 5 to watch in early February.
The bottom may fall out of the top 3 which would be devastating for those who don't shuffle quick.
Heavy hitters with the big $$ can flip things around quickly.
Have to watch for the Bots and hackers that are taking these currencies way up and dropping them the next day.
Just need to be ready for the upswing on the bottom.
With these currencies, their will be no need for Credit cards, banks , etc in the future.
See what happens!
its hard for me to trust, but i guess its because of my up-bringing, a generational thing
Its difficult to come back from zero, much harder than it was in the early 90's.
January 10th, 2018, 02:53 AM
#16
'87 Delta 88 Royale
Join Date: Dec 2010
Location: Margate, England
Posts: 2,513
Cryptocurrencies like bitcoin exist only because people believe in them.
Normal currencies are viable only because of an almost universal faith in them as a medium of exchange.
You accept $US for payments for goods, services, or work done, because you are certain you can then exchange them for goods, services, or work you want done for you.
Same reason I accept £UK, or most western Europeans accept Euros.
If faith in bitcoins collapses they will be worthless. Just like Germany's Weimar Republic Marks after WW1, or shares in companies that go out of business.
Banks are so poorly regulated or held to account an economic collapse is not beyond belief in the world we now live in.
Roger.
Normal currencies are viable only because of an almost universal faith in them as a medium of exchange.
You accept $US for payments for goods, services, or work done, because you are certain you can then exchange them for goods, services, or work you want done for you.
Same reason I accept £UK, or most western Europeans accept Euros.
If faith in bitcoins collapses they will be worthless. Just like Germany's Weimar Republic Marks after WW1, or shares in companies that go out of business.
Banks are so poorly regulated or held to account an economic collapse is not beyond belief in the world we now live in.
Roger.
January 10th, 2018, 07:55 AM
#17
delete
Join Date: Apr 2008
Location: Long Island, NY
Posts: 2,807
I'm curious about Bitcoin & cryptocurrencies so I keep an eye on the news but way too volatile for me. I understand the value of Bitcoin & the centralized ledger but not the valuation. I don't have the stomach for it. Moving up & down thousands of dollars a day is too much for me.
January 10th, 2018, 08:42 AM
#18
Registered User
Join Date: Aug 2017
Posts: 21
You can't compare Stocks with any crypto currency.
Stocks are based on a companys numbers, crypto currency is based on... phantasy and believe in something.
I put my money into stocks, well diversificated and in an historic oldsmobile.
Stocks are based on a companys numbers, crypto currency is based on... phantasy and believe in something.
I put my money into stocks, well diversificated and in an historic oldsmobile.
January 10th, 2018, 11:10 PM
#20
Rocket Renegade!
Join Date: Dec 2014
Location: Vancouver Island
Posts: 4,409
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