BitCoin

I read a bunch of stuff about it this morning, one thing I gathered from it that it is quite complicated and you need a really powerful computer if you want to make any money. I'm thinking this is where the future is in currency, if you want to call it that. Personally I'd rather have gold or a good old $100 bill.
 
Mopardh9 said:
I have a good personal broker, I've done well.
Click to expand...
That's good to hear. I did a broker for a few years. Unfortunately it was during the
great Enron era, I'll save you the horror story.

My luck came in land(small piece) and owning a business.
 
Hotrod said:
That's good to hear. I did a broker for a few years. Unfortunately it was during the
great Enron era, I'll save you the horror story.

My luck came in land(small piece) and owning a business.
Click to expand...
Real estate is usually a good investment, wanted to buy a 30 acre parcel about 10 years ago, but I just didn't have quite enough money at the time. It's worth almost triple the amount now....ugggh.
 
My grandfather tutored me years ago about how to invest.
Pick your stocks carefully, stick with tried the tried and true. I've had
most of my stocks for about 20 years. Put in less than 25K, worth about 200K now.
Never sold any, always re-invested the dividends. Now, getting the dividend
checks which supplements my income.
Not on easy street by any means, but it helps.
 
kymartin6 said:
Mine did fairly well...... I'm satisfied...... could have done better..... but...... if we all had a crystal ball..... we'd all be making smart investments......
Click to expand...
Well i hear that, but if you have a good broker they do that for you....just saying.
 
Never had any good fortune investing on my own so we have been using a financial investment firm for many years and getting good results. Ever since being required to take mandatory withdrawals from our IRA's, those withdrawals and also payment of financial firm fees, we still come out ahead so our IRA's never go down but continue to grow. Figure the investment company must be doing something right. :)
 
Whizzer said:
Never had any good fortune investing on my own so we have been using a financial investment firm for many years and getting good results. Ever since being required to take mandatory withdrawals from our IRA's, those withdrawals and also payment of financial firm fees, we still come out ahead so our IRA's never go down but continue to grow. Figure the investment company must be doing something right. :)
Click to expand...
I used to do it ok my own about 10 years ago, but stopped and got a recommendation from a friend about this broker I now use. Best thing I did as far as investing goes, much better results.
 
My godfather taught me one valuable thing about investing in stocks: investing is just like going to the casino. Never spend more then you are willing/can afford to loose. If you bet everything and the investment doesn't pan out, you will have no one to blame but yourself.


I had the chance to invest about $500 in bitcoin during my freshman year of college. At the time (and still) that was a lot of money and 1/4 of my savings. I said no.

Today, I have friends asking me do I regret it and I still say no, because, like all in investing, when the value of a stock skyrockets like this and speculation goes crazy it's gonna tank and it's gonna tank hard. All these people betting their entire life savings, taking out second mortgages, putting huge loans in their kids names just to buy bitcoin are going to be some hurt ass idiots when it blows up in their face.
 
ladyspartan16 said:
My godfather taught me one valuable thing about investing in stocks: investing is just like going to the casino. Never spend more then you are willing/can afford to loose. If you bet everything and the investment doesn't pan out, you will have no one to blame but yourself.


I had the chance to invest about $500 in bitcoin during my freshman year of college. At the time (and still) that was a lot of money and 1/4 of my savings. I said no.

Today, I have friends asking me do I regret it and I still say no, because, like all in investing, when the value of a stock skyrockets like this and speculation goes crazy it's gonna tank and it's gonna tank hard. All these people betting their entire life savings, taking out second mortgages, putting huge loans in their kids names just to buy bitcoin are going to be some hurt ass idiots when it blows up in their face.
Click to expand...
I don't understand the concept enough to invest in them......
 
ladyspartan16 said:
My godfather taught me one valuable thing about investing in stocks: investing is just like going to the casino. Never spend more then you are willing/can afford to loose. If you bet everything and the investment doesn't pan out, you will have no one to blame but yourself.


I had the chance to invest about $500 in bitcoin during my freshman year of college. At the time (and still) that was a lot of money and 1/4 of my savings. I said no.

Today, I have friends asking me do I regret it and I still say no, because, like all in investing, when the value of a stock skyrockets like this and speculation goes crazy it's gonna tank and it's gonna tank hard. All these people betting their entire life savings, taking out second mortgages, putting huge loans in their kids names just to buy bitcoin are going to be some hurt ass idiots when it blows up in their face.
Click to expand...
Not if you get out in time, that's the beauty of it, you have to know when to get out and not be too greedy.
 
Sorry, but too risky for me - one good hacker and they're all gone...
 
Mopardh9 said:
I was just curious if there is anyone here that does bitcoin, not just invest in it?
Click to expand...

I just started looking into this also but purely for speculating on it. I don't believe it will survive much longer but I'm actually looking into different coins now.
I am trying to get an account open (Harder than I thought it would be.) but I should have something going by next week.
Again, I'm using small amounts of money and I know all of this is a huge bubble but if I can make some money on it, I'm game!
So I have been looking at more of the off the beaten trail coins, Ripple is exploding right now. I have been watching prices.org and looking at volume to see which coins are being actively traded.
 
LouieLouie said:
I just started looking into this also but purely for speculating on it. I don't believe it will survive much longer but I'm actually looking into different coins now.
I am trying to get an account open (Harder than I thought it would be.) but I should have something going by next week.
Again, I'm using small amounts of money and I know all of this is a huge bubble but if I can make some money on it, I'm game!
So I have been looking at more of the off the beaten trail coins, Ripple is exploding right now. I have been watching prices.org and looking at volume to see which coins are being actively traded.
Click to expand...
Is Ripple on the same idea as Bitcoin?
 
Mopardh9 said:
Is Ripple on the same idea as Bitcoin?
Click to expand...

Similar idea. They are trying to make it like paypal except they have their own "token" to trade. They are working with central banks to get it recognized as a legit form of payment. Go to Ripple.com and you can read more about it. At this point, i'm really not sure any of it matters, people are just pumping money in at this point, i.e. huge bubbles everywhere. The volume of trades in Ripple is almost the same as the volume of trades in bitcoin right now.
 
LouieLouie said:
Similar idea. They are trying to make it like paypal except they have their own "token" to trade. They are working with central banks to get it recognized as a legit form of payment. Go to Ripple.com and you can read more about it. At this point, i'm really not sure any of it matters, people are just pumping money in at this point, i.e. huge bubbles everywhere. The volume of trades in Ripple is almost the same as the volume of trades in bitcoin right now.
Click to expand...

For now, I'm just trying to get a few bucks into an account and spread it around to a few of the different coins. Then just wait to see if any of them gather steam and add more money to that coin to try to ride the hype wave.
 
You must log in or register to reply here.
Back
Top Bottom