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Post by indiehouse on May 14, 2021 19:23:04 GMT -6
Thinking a lot about the future lately. Crypto seems hot. But is it a bubble? Already have a 401k, wife has a teacher retirement plan (STRS), kids have a 529, and we’ve got money in a taxable account investment (S&P 500).
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Post by Tbone81 on May 14, 2021 19:37:47 GMT -6
It’s...complicated...many cryptos have real value, but you’re buying them as a commodity which is driven by market forces. If you do you’re research you can make some money, but best bet is to put a small amount of money across several cryptos, a few thousand dollars...nothing you couldn’t stand to loose. You could make some real money, but trading crypto is on par with day trading, it’s more gambling than investing.
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Post by jcoutu1 on May 14, 2021 23:32:38 GMT -6
Anyone got a crypto.com referral code? Or suggestion for another spot to buy doge?
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Post by indiehouse on May 15, 2021 6:59:54 GMT -6
It’s...complicated...many cryptos have real value, but you’re buying them as a commodity which is driven by market forces. If you do you’re research you can make some money, but best bet is to put a small amount of money across several cryptos, a few thousand dollars...nothing you couldn’t stand to loose. You could make some real money, but trading crypto is on par with day trading, it’s more gambling than investing. Is it a set and forget type thing? Long term like an index fund? Or is it get in and get out while you can make money? |
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Post by svart on May 15, 2021 7:05:35 GMT -6
I bought years ago, mined, and made a few thousand bucks and then it crashed and I got out of all of it.
I don't see much different here, movement is mostly speculators.
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Post by Tbone81 on May 15, 2021 8:13:02 GMT -6
It’s...complicated...many cryptos have real value, but you’re buying them as a commodity which is driven by market forces. If you do you’re research you can make some money, but best bet is to put a small amount of money across several cryptos, a few thousand dollars...nothing you couldn’t stand to loose. You could make some real money, but trading crypto is on par with day trading, it’s more gambling than investing. Is it a set and forget type thing? Long term like an index fund? Or is it get in and get out while you can make money? Its both. You can buy and hold a coin and hope it's blockchain takes off and becomes a popular coin, or you can speculate like a mad man, make a few thousand in a few days and bail. Either way its gambling. Its not comparable at all to an index fund or traditional investing. Its more like day trading commodities. |
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Post by Deleted on May 15, 2021 8:51:59 GMT -6
Cryptocurrency may have a legitimate use as a means of payment and holding money. That's been completely overshadowed by the bubble of speculation surrounding it. People fall into bubble mentality, jump in, and are surprised when the price doesn't rise forever (Bitcoin just had a big drop when Elon Musk opened his mouth last week). I think it may eventually stabilize into something that's actually trustworthy, but not for a while. If you want to play the gamble of investing, don't put any more in than you're prepared to lose. It's worth pointing out that there are some real societal downsides to crypto. The amount of electrical power consumed by speculative miners is absolutely stunning. And most of it is not from renewable sources. There's an environmental price to pay for this, but the miners will be long gone when that particular bill comes due. There's also a significant amount of organized crime in this space, moving their mining onto thousands of personal computers enslaved by some sort of malware. As boring as it is, the market (index funds, small-caps, large-caps, sectors) has been a pretty good way to save up that fund you'll be counting on later in life. The classic example of burst bubbles is the tulip craze in Holland in the early 17th century. Human psychology hasn't changed much since then. |
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Post by jcoutu1 on May 15, 2021 9:19:40 GMT -6
Thinking a lot about the future lately. Crypto seems hot. But is it a bubble? Already have a 401k, wife has a teacher retirement plan (STRS), kids have a 529, and we’ve got money in a taxable account investment (S&P 500). If you wanna get into coinbase, we will each get 10 bucks... coinbase.com/join/coutu_u3?src=android-link |
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Post by indiehouse on May 15, 2021 11:06:14 GMT -6
Thinking a lot about the future lately. Crypto seems hot. But is it a bubble? Already have a 401k, wife has a teacher retirement plan (STRS), kids have a 529, and we’ve got money in a taxable account investment (S&P 500). If you wanna get into coinbase, we will each get 10 bucks... coinbase.com/join/coutu_u3?src=android-link I created a coin base account yesterday. I don’t know if I’m gonna put money into it. Just daydreaming about getting rich and quitting my job... |
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Post by indiehouse on May 15, 2021 11:06:52 GMT -6
Or making enough money to fund a proper studio.
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Post by jeremygillespie on May 15, 2021 16:43:22 GMT -6
I put $400 across etherium, litecoin, bitcoin, and a few others like 4 years ago. I didn’t know anything about it and honestly still don’t. But it’s made it’s way to about $1,600. I honestly forgot about it and I’m glad I did so as to keep me from pulling out when it crashed.
I’m not a gambler, that $400 was some extra I had laying around. I just put a little bit more towards a few that made sense to me that are hovering around $1.60 right now. If they hit... cool. If not, no big deal.
Etherium is going really strong right now, I would maybe wait until it drops below $3k to buy into that one. But it’s been steadily rising for quite some time now it may not go that low again.
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Post by Blackdawg on Sept 28, 2021 17:50:20 GMT -6
Ive dont a bit. Nothing drastic. But have put some money into this new one that launches this week: eKart Inu It's presale is only 0.000001 and its already trading at 0.000034 so that's quite the gain. Once it hits exchanges it should really blow up. I have a referral if anyone wants to do it. Only 2 days left! Even if you just did 50 bucks(minimum buy) you could make some serious money if it hits the 0.008 mark which is possible by the end of the year. www.ekartinu.com/signup?ref=eKart1065067 |
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Post by Ward on Oct 5, 2021 14:24:47 GMT -6
Rumors running in that world day say expect to see China pull out of it, which will cause to take a nosedive. Son-in-law to be has about $100,000 in it . . . so naturally, I'm hoping he'll heed my advice and cash out before that happens.
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Post by Blackdawg on Oct 5, 2021 14:57:18 GMT -6
That would be a bummer, every thing Im reading is it's head for a massive Bull run to the end of the year.
China I thought isn't getting rid of it, they of course want to regulate it so they are working on their own government coin that would be the only coin used in China. But haven't been following much.
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Post by Johnkenn on Oct 5, 2021 17:15:54 GMT -6
I have some Bitcoin SVC and Shibu Inu...not much but who knows...
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Post by seawell on Oct 5, 2021 22:57:22 GMT -6
I've gone back and forth for a few years on it. Never got up the courage to invest but I did recently get a BlockFi card: Block Fi Credit CardThe rewards points come back to you in crypto. Pretty cool way to get your feet wet without having to invest anything up front. |
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Post by kcatthedog on Oct 6, 2021 14:39:14 GMT -6
Seems a joke to me and if we are going to be frank it’s terrible for the environment.
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Post by Blackdawg on Oct 6, 2021 15:36:13 GMT -6
Seems a joke to me and if we are going to be frank it’s terrible for the environment. Well with that way of thinking all money is a joke haha And some kinds certainly aren't good. The kinds that are "mined". Not all are like that though. |
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Post by kcatthedog on Oct 6, 2021 15:44:33 GMT -6
No, seriously, crypto currency seems like such an odd “investment “.
I bet lots of these “investors “ have debt, paying down your debt or mortgage probably is a much better investment and guaranteed. We all pay debt with after tax income, so freeing up disposable income by paying down or off debt makes a lot more sense to me, then speculation.
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Post by christopher on Oct 6, 2021 23:10:05 GMT -6
The future is more computer chips, more computer controlled everything, more wafer fabs, electric cars, batteries and smarter investment in power grids to power all the coming electric stuff. Maybe some cleaning up of electric waste? Crypto is video game money, might be valuable might also crash to nothing. There is zero benefit other than gambling money on. Well that and if it’s truly anonymous, then good for illegal activity like bribing countries to keep it legalized. If I started a coin I’d first give a million coins to every political campaign because why not? I could say those million coins are only worth $5, and all the politicians would hope it goes up.
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Post by vinnymayo on Feb 17, 2023 15:49:00 GMT -6
If you're interested in learning how to trade cryptocurrency, it's crucial to approach it carefully and do your research. There are a variety of online resources available that can help you understand the basics of cryptocurrency trading. Before you begin trading, choosing a reputable exchange or platform to use for your trades is essential. Some popular options include Coinbase, Binance, and Kraken. One useful resource for learning more about how to trade cryptocurrency is the website Investopedia. They offer a variety of articles and tutorials that can help you get started with cryptocurrency trading. Good luck! |
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Post by linas on Feb 21, 2023 3:06:20 GMT -6
Bought 3080 TUF OC for 1350 in spring 2021, mined for 3.5 months, sold the card for 1450. Now I'm left with some BTC, which I will hold on to until its value rises sufficiently. If it goes away, I don't care, if it goes way way up, I'm happy. Nothing to lose.
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Post by elenqx50 on Jun 27, 2023 2:04:24 GMT -6
Hey there! It's great to see you considering different investment options. Cryptocurrency has gained popularity, but it's essential to approach it cautiously. While it offers growth potential, it's also known for its volatility. Diversifying your portfolio is always a wise move, and it seems like you've already made some solid investments. IMO, Moon Bitcoins are the safest for investing, so you can start there. I hope my advice helps! |
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Post by thehightenor on Jun 27, 2023 7:49:48 GMT -6
Ah this subject. Sigh.
Around 15 years ago when Bit Coin first launched my local PC workstation builder called me to sell me a Bit Coin mining PC for what would be = $2000.
He explained it would very slowly make these virtually worthless electronic token (IIRC about 5 a day) and maybe "just maybe" one day in the distant future they'd be worth $100 each!!!!
I laughed and told him .... "I'm not a mug, you're just trying to sell me another computer and I politely declined his sales pitch"
I imagine I'm not the only person who did that!
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Post by blueunicorn145 on Jul 17, 2023 2:18:10 GMT -6
Lately, there has been a lot of buzz around cryptocurrencies, and it's natural to wonder if it's a bubble. While cryptocurrencies can be highly volatile and speculative, they also present opportunities for growth. Diversifying your investments is key, and it seems like you already have a well-rounded portfolio with your 401k, teacher retirement plan, 529, and taxable account. As for Estonia company formation, it could be an interesting avenue to explore if you're considering international business expansion. It's always prudent to do thorough research and consult with financial professionals or consultant before making any investment decisions or venturing into new business endeavors. |
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