Replies: 27
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All-In [47206]
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So are we investing in crypto again?
Feb 16, 2021, 8:54 AM
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A while back (and I don’t even remember exactly when), I put a (very) small amount of money into Ethereum and an equal amount into Litecoin. Predictably the bottom dropped out and they both were down about 2/3 of my original investment. Now ETH is actually up over 60% and LTC is still down but only by about 1/3.
What do, jounge investment team?
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Oculus Spirit [75452]
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take the money and run?***
Feb 16, 2021, 8:55 AM
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All-In [31784]
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Not to split hairs, but buy cryptocurrency is not...
Feb 16, 2021, 8:57 AM
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"investing" it's gambling...which I, of course, have no problem with, but let's not pretend anything is being invested in.
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Oculus Spirit [80692]
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no different than the stock market, really***
Feb 16, 2021, 9:55 AM
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All-In [31784]
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Well, that's not really true at all...
Feb 16, 2021, 3:51 PM
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when you buy a stock, you own a part of the company. If the stock pay dividends, you effectively get a portion of the company's profit. As a very general sense, the stock trades based on what the company is "worth".
You can't say the same thing about cryptocurrency. It's all speculation on where it might one day be accepted for trade and how it is "mined".
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Oculus Spirit [97386]
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Go around your neighborhood and start a pyramid scheme
Feb 16, 2021, 9:04 AM
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You would have more luck that way. Just make it $5 or $10. Big enough neighborhood you should clear several thousand.
How stocks and bitcoin, or anything can be legal, while a pyramid scheme isn't, makes no sense. Especially bitcoin. It's pure pyramid. You have 21 million bitcoins. That's it.
I have .01287 bitcoin(s). It changes by the second. I have a fixed investment. It's stupid, but so far I'm uo $150 on the month. I didn't gamble when we went to Vegas. So I used that and went all in with my Vegas gambling allowance. So far it's been better than I would have done at the tables.
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Oculus Spirit [75452]
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Are you mixing up pyramid and ponzie schemes
Feb 16, 2021, 9:06 AM
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because pyramid schemes to be running strong all the time.
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Oculus Spirit [97386]
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Nah, I think it's pyramid.
Feb 16, 2021, 9:08 AM
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Investors are recruiting other investors to boost the earnings.
Wait, my example was ponzi. Sorry. Same difference basically. Bitcoin is more pyramidish.
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Oculus Spirit [75452]
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I mean, pyramid is bad, but I guess the right person
Feb 16, 2021, 9:27 AM
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COULD make a ton of money, but they'll be taking advantage of others in crappy ways to do so.
It is funny how those folks who want you to get in are sure that you and them will make sooo much money, but they never want to pay your initiation fee.
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Oculus Spirit [97386]
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I'm in it for diversity really.***
Feb 16, 2021, 9:40 AM
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Legend [15174]
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I put $1000 into Bitcoin back during the last craze
Feb 16, 2021, 9:06 AM
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when Bitcoin was around $1600.
I totally forgot about it and somehow found my Coinbase password. I now have $3000.
I feel like I just won the lottery. How should I spend the $2000? Probably penny stocks.
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Oculus Spirit [97386]
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Umm....you have more than that.
Feb 16, 2021, 9:10 AM
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You added or forgot some zeros somewhere.
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Legend [15174]
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unfortunately, forgot a zero. otherwise, I would truly be
Feb 16, 2021, 9:14 AM
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partying.
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Legend [15174]
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Oculus Spirit [81547]
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Haha, was gonna say, or else you put it into a different
Feb 16, 2021, 9:43 AM
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crypto
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Orange Blooded [4595]
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I'm up $12000 on $2000 gamble in LINK and XLM, it will go
Feb 16, 2021, 9:20 AM
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higher...
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CU Medallion [54758]
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i was gonna pop about $5k into XLM back when it was $0.08
Feb 16, 2021, 11:31 AM
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oops.
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Legend [17746]
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Sell the Litecoin and buy
Feb 16, 2021, 9:27 AM
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Vechain (VET). You might want XRP or a couple others - LINK or even put it all into ETH
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Oculus Spirit [81547]
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You think ETH is going to push past $2k? It's been strugglin
Feb 16, 2021, 9:43 AM
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to break that barrier for a few weeks.
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Legend [17746]
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Re: You think ETH is going to push past $2k? It's been strugglin
Feb 16, 2021, 3:26 PM
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it mat not be the next week or two but it will eventually. who knows where it will be in 2 years.
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Oculus Spirit [81547]
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Back down to $50 with my luck in gambling, lol.***
Feb 16, 2021, 3:44 PM
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Oculus Spirit [80692]
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BTC hit 50K this morning
Feb 16, 2021, 9:56 AM
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I'm thinking of dumping my whole house fund in just to see what happens
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All-In [34357]
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did we ever stop?***
Feb 16, 2021, 10:40 AM
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All-In [47320]
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Can you short Bitcoin?***
Feb 16, 2021, 10:54 AM
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CU Medallion [54758]
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so, my frand hoo did all he could to convince be to buy in
Feb 16, 2021, 3:45 PM
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to BTC 7-8 years ago, when it was <$100 (and I didn't, until much later) just hit the $1,000,000 mark....so, that's makin me feel great.
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Oculus Spirit [81547]
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Is he ever going to pull out?***
Feb 16, 2021, 3:47 PM
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All-In [41947]
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Re: Is he ever going to pull out?***
Feb 16, 2021, 3:48 PM
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CU Medallion [54758]
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yeah, but not anytime soon
Feb 16, 2021, 3:50 PM
[ in reply to Is he ever going to pull out?*** ] |
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he's already got no debt, 40-something, never married/kids....on his 3rd rental prop (we gots plans, there, tho)...he could retire right now, but all he does (and WANTS to do) is work, and go fishing...
he's very confident that it'll hit a million per BTC
he's got 20 BC, plus whatever other crypto he's sitting on....
I sold mine (not much) @ $31k, and he still thinks it's worth buying back in now, where it's at, even at a 'loss' (tho i made several thou selling where i did)
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Replies: 27
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