NoNecksCurse
#164303
- Oct 19, 2011
- 13,256
- 5,029
OT: Off-Topic, again.
- Thread starter Jonesey
- Start date
Armourboy
Hey! We suck!
Nope. You can make a ton of money if it hits right but you can also lose your shorts overnight. It's hard to predict where the floor is and even harder to know the ceiling. I'd say if you do it start small and see what happens.
NoNecksCurse
#164303
- Oct 19, 2011
- 13,256
- 5,029
seems easy to make money off it in a market that only goes up. just don’t understand why people believe in it so much. Dogecoin is based off a meme and is being sold for over 0.40 cents ….
Armourboy
Hey! We suck!
Problem is it doesn't always just go up. Bitcoin for example has sold from anywhere between $100 to several thousand and it has swung wildly over the years.
Predsanddead24
Registered User
- Mar 7, 2019
- 6,006
- 6,816
I’ve got a couple hundred in all of the main coins just to hedge my bets on them blowing up long term. I wouldn’t put any serious investments in them though since there’s the possibility they collapse and are worth nothing in the blink of an eye. For real investments I’ll just stick to index funds because if they crash that means the whole economy crashed and we’re all screwed anyways.
Armourboy
Hey! We suck!
Yeah that's what I'd do. Put money you can afford to lose in it and if you look up one day and it goes hog wild you can sell it, or buy a Tesla with it lol.
Predsanddead24
Registered User
- Mar 7, 2019
- 6,006
- 6,816
Yeah I have no doubt some cryptocurrency will be widespread in the future. I however have no confidence in my ability to pick the which one that will be since I really don’t understand the underlying reasoning for which ones are better and there are like a million options. I view putting money in them more like gambling than investing.
Last edited:
- Aug 13, 2007
- 35,968
- 16,614
Dude. Just look at the charts. It wont always go up. It has no physical value. It's pure gambling. You bet that someone else will get FOMO and pay more at a later date. Yeah a few people have probably cashed in large. But since its literally nothing more than electrons I worry about it getting hacked. Plus there isnt much regulation of brokers. It's the wild west of finance.
Scoresberg
Perpetual Mediocrity
Yep. But they're not the main instrument in my portfolio. Bitcoin has been kind to me as has some of the smaller ones (like Doge, ETH).
Lol, classic pyramid scheme. Up & up & up & up ! And then it’s gone.
You’re probably better off in fanduel or draft kings; at least you halfways control your destiny with your own knowledge.
NoNecksCurse
#164303
- Oct 19, 2011
- 13,256
- 5,029
it’s totally gambling but look at DOGE from when i posted to now. i guess it’s all about timing like most investments. i guess my post was more to the people who really believe in crypto. what are the fundamentals and why are those people so passionate about it?
i see crypto as a gamble. it also doesn’t help that Bitcoin is suppose to be horrible for the environment. Not sure how but that seems to hurt it’s position as the currency of the future, no?
i see crypto as a gamble. it also doesn’t help that Bitcoin is suppose to be horrible for the environment. Not sure how but that seems to hurt it’s position as the currency of the future, no?
Armourboy
Hey! We suck!
Dunno if it's bad for the environment but they are all bad for the desktop computer industry. There is a massive shortage of GPU's and it's caused prices to skyrocket. Cards that go for 200 are going for 500, 600 dollar cards are going for over 1000, and 1000 dollar cards are like 2,000. Even companies that build are having a hard time getting them.
Brady had some, he shared at his house with friends. That's what I heard anyway, I wasn't invited....
101st_fan
I taught Yoda
I bought into ETH about 3 years ago because I liked the structure they were putting place behind it. Cashed out this week for about double my investment. Not huge stakes, but found money is great.
Got out because the market is trading off pure speculation and not the underlying technology that bitcoin or etherium have developed. The apes have taken over.
Aardvarksson
gif spammer
ETH is almost $4000 now. I still feel good about it long term. Bought a good chunk in early 2017 so i'm letting it ride
Aardvarksson
gif spammer
Armourboy
Hey! We suck!
I-65 South North of Nashville may be the worst I've seen in Tennessee in a long time. Came through tonight and the left hand lane is basically a trench. It's bad enough the underlying rock is coming up.
I-40 is in pretty rough shape too. The interstates here used to be pretty solid, wth happened?
I-40 is in pretty rough shape too. The interstates here used to be pretty solid, wth happened?
