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Took the plunge - I now own Bitcoin...


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#1 Jennings Heilig

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Posted 07 January 2018 - 05:18 PM

I've been hearing people talk about some amazing returns.  I still think it's a super risky investment, but the potential is there.  I put in $300 that I'm willing to risk losing.  We'll see what happens!

 

 


"It's all part of the show..."


#2 Bomber_County

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Posted 07 January 2018 - 05:25 PM

They always say, you’re got be in it to win it........
Phil.

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#3 fightersweep

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Posted 07 January 2018 - 05:38 PM

It was only recently that I remembered the fact that several years ago my boy was babbling about the fact that I should buy these coins. He was 10 years old at the time, and I had no idea what he was talking about...except the fact that they were 5c each or something and they would be the next big thing. I quietly ignored him like all bad parents do! Should have listened to him!!

 

Good luck with your investment Jennings!

 

Best regards;

Steve



#4 ssculptor

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Posted 07 January 2018 - 05:39 PM

Its a gamble in life. Just like most everything else we do.

Best of luck!

:shrug:


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#5 Clunkmeister

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Posted 07 January 2018 - 09:44 PM

How do you sell them if you want to unload them quick?
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#6 LSP_Ron

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Posted 07 January 2018 - 09:53 PM

My biz partner and I have been looking into buying 10-20 or so bit coin mining computers. 

 

Still not sure about all of this though.  Thoughts?  


Ron

 

 

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#7 MostlyRacers

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Posted 07 January 2018 - 10:02 PM

IMHO, there have been in the last weeks too many people worlwide trying to convince others like us that the Bitcoin is the greatest invention since sliced bread, not to feel suspicious ... I personally fear it is going to be another of these wunder financial instruments the sharks operating in the financial world sell us as a great, fool-proof investment, to discover in the end that they get rich ... at your expense ... :(

We have seen many of those in the last 20 years, like « subprimes » to name just but one ...

Hubert
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#8 RLWP

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Posted 07 January 2018 - 10:24 PM

My biz partner and I have been looking into buying 10-20 or so bit coin mining computers. 

 

Still not sure about all of this though.  Thoughts?  

 

Thoughts? You could look into Railway shares in the 19th century, the South Sea bubble in the 18th, Tulip Mania in the 16th, sub prime mortgages...

 

I'm not that kind of gambler

 

Richard


Edited by RLWP, 07 January 2018 - 10:25 PM.


#9 RLWP

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Posted 07 January 2018 - 10:25 PM

IMHO, there have been in the last weeks too many people worlwide trying to convince others like us that the Bitcoin is the greatest invention since sliced bread

 

Yes - what is so good about sliced bread?



#10 MostlyRacers

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Posted 07 January 2018 - 10:28 PM

Yes - what is so good about sliced bread?


I don’t know ... In France, we talk of « fil à couper le beurre » (literally, butter-cutting wire), not sliced bread ;) ...

Hubert
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#11 Jennings Heilig

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Posted 07 January 2018 - 10:28 PM

If you research it, there are major and many differences between the cryptocurrencies and previous speculative bubbles.  I have no doubt this is a bubble, but I also think there is a future in this type of thing.  And I've only got $300 in it to lose.  When that becomes $600 I'll get out. :)


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"It's all part of the show..."


#12 MostlyRacers

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Posted 07 January 2018 - 10:32 PM

What worries me is that the Bitcoin is now strongly promoted by the very same people that it was invented to protect against ....

I smell something fishy, but cannot understand where. I am like Warren Buffet here. If I cannot understand it, I avoid it ...

Hubert

Edited by MostlyRacers, 07 January 2018 - 10:32 PM.

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#13 mmaben

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Posted 07 January 2018 - 11:42 PM

My biz partner and I have been looking into buying 10-20 or so bit coin mining computers. 

 

Still not sure about all of this though.  Thoughts?  

 

Have you looked into the impact and cost of running them ?

 

https://digiconomist...rgy-consumption

 

Looks to me like it's all going to run into a brick wall someday.

It's a crap shoot baby. :popcorn:


I just like airplanes

 

Mike                        Smirnoffcat    RomanianG-2

 


#14 vince14

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Posted 08 January 2018 - 12:59 AM

Well I had about £300 in Bitcoin this time last year, and cashed it in in December for a rather nice profit...having said that, Bitcoin is looking increasingly unlikely to hit the kind of highs it has a few weeks ago, and will probably drop in value when people start to realise that the boom is over and they start taking their money back out. If you do want to invest in a cryptocurrency, I'd suggest looking at something like Etherum. You also want to make sure you have control over your wallet - it's no good just buying crypto and letting it sit in an exchange (which could disappear overnight, taking all your coins with it, or have a whole host of other problems). I use the Ledger Nano S to hold my coins.



#15 BradG

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Posted 08 January 2018 - 02:12 AM

Too late not to get into it I reckon. I'm still kicking myself I did not invest when it was 300 bitcoin for $10. I was going to tip 500 bucks into it just as a speculative investment......if only I had a time machine.


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