Bitcoin
08-11-2017 | 08:52 PM
#2
Joined: Jul 2007
Posts: 6,160
Likes: 113
From: Long Island, NY
stupid investment for anyone to put a substantial amount in. I have put money in that I was willing to essentially gamble with. Made a good amount very quickly. Sold quickly as well. I think i stayed in my position for less than 2 months. Very happy I left.
All the coins are too volatile IMO
All the coins are too volatile IMO
08-17-2017 | 01:55 AM
#4
Thread Starter
Joined: May 2011
Posts: 902
Likes: 69
True. This story if real is crazy. 
10,000 bitcoins could buy 2 pizzas in 2010 but now worth $20 million - Business Insider
10,000 bitcoins could buy 2 pizzas in 2010 but now worth $20 million - Business Insider
08-25-2017 | 12:43 PM
#5
Moderator
Joined: Sep 2004
Posts: 109,166
Likes: 1,575
From: SJC
I still have to wonder how much capital I have to throw at compute (and power and HVAC) in order to *hope* to mine enough coin to pay for the compute, power, and HVAC to mine the coin.
. . . also, ignore the fact that the price is dictated entirely by the faith of people who want, or worse, need, non-sovereign currencies. I think I'd rather just get into something less shady, like payday loans.
. . . also, ignore the fact that the price is dictated entirely by the faith of people who want, or worse, need, non-sovereign currencies. I think I'd rather just get into something less shady, like payday loans.
09-18-2017 | 08:22 AM
#6
Thread Starter
Joined: May 2011
Posts: 902
Likes: 69
09-18-2017 | 09:35 AM
#7
Joined: Jun 2015
Posts: 397
Likes: 8
I mined it a few years ago back when it was worth around $800. I made about 6, then sold off a few, and have been holding/day trading it since then. I knew of it back when it was worth $5 and lamented about how useless it was. Did the same thing at $23, 100, 200...I'm fairly confident there is tons more ceiling space to its price. I'm investing small amounts periodically, and day trading with some of it. I've doubled my money in a couple months. If you know what you're doing you can really make a profit, but you have to be willing to lose everything at a moments notice. I've already paid off my initial mining investment so I'm in the black now. If it all crashes, it would suck, but I will still end up even. It has been fun watching its progress, and I think we're still just at the beginning.
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10-03-2017 | 05:28 AM
#8
Thread Starter
Joined: May 2011
Posts: 902
Likes: 69
I mined it a few years ago back when it was worth around $800. I made about 6, then sold off a few, and have been holding/day trading it since then. I knew of it back when it was worth $5 and lamented about how useless it was. Did the same thing at $23, 100, 200...I'm fairly confident there is tons more ceiling space to its price. I'm investing small amounts periodically, and day trading with some of it. I've doubled my money in a couple months. If you know what you're doing you can really make a profit, but you have to be willing to lose everything at a moments notice. I've already paid off my initial mining investment so I'm in the black now. If it all crashes, it would suck, but I will still end up even. It has been fun watching its progress, and I think we're still just at the beginning.
Current value a bit unstable..
https://www.coindesk.com/price/
10-07-2017 | 01:52 PM
#10
Joined: Jul 2008
Posts: 3,660
Likes: 24
I don't get bitcoin, was a good investment (apparently) years ago.
At $4,300/share, I've apparently missed the boat.
I don't understand the mining process, read a lot about it.
I'm apparently and officially an old man.
at the risk of sounding like my grandfather, $4,300 can buy a nice amount of shares in a sturdy stock/mutual fund with decent dividends.
At $4,300/share, I've apparently missed the boat.
I don't understand the mining process, read a lot about it.
I'm apparently and officially an old man.
at the risk of sounding like my grandfather, $4,300 can buy a nice amount of shares in a sturdy stock/mutual fund with decent dividends.