Reply With QuoteSorry guru, never even heard of it.
Crypto Currency
Anyone invest in it?
Thoughts?
Re: Crypto Currency
Sorry guru, never even heard of it.
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Re: Crypto Currency
I haven't, but the price has been going crazy.
https://charts.bitcoin.com/chart/price
We are talking almost more than double your money in three months.
Re: Crypto Currency
I thought maybe this had something to do with cryptozoology and creatures like the Loch Ness Monster and Sasquatch.
WAY OFF!
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Re: Crypto Currency
Did someone call my name?Originally Posted by The Bottlenecker
/S
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Re: Crypto Currency
Prices are out of control.
Bitcoin, Ethereum, Litecoin, Neo, etc.
I was more interested in what your thoughts are for this going forward.
Does anyone see it taking over the financial world?
I set myself up with a broker and patiently waiting for a good entry now.
EDIT:
For those who don't know what Im talking about.......To sum it up.....
It is digital currency that operates independently of any banking/government system.
Re: Crypto Currency
What do you consider a good entry?
Re: Crypto Currency
for Bitcoin?
Would love to get in around the 3000 level....if it ever gets that low again.
Re: Crypto Currency
It wont take over. The biggest mafia in the world wont allow it to take over. There is also some risk it will get regulated to death making it unappealing for investors. Right now its like the wild west. Booming. Why would you pay a broker? Just do it yourself. Its not that difficult, its just a hassle.
Bitcoin was at $3000 only about three weeks ago! Its like $4400 now.
Re: Crypto Currency
I think you'd be better of giving your money to charity. At least that way some good will come out of it...
Re: Crypto Currency
How can I trade other coins without a broker/exchange
Re: Crypto Currency
This is why I prefer to invest in things I understand. These currencies do not fall into that category for me by a long shot.
Mr Guru, how did you determine $3000 as your entry point? With stocks I can see how people set targets based on what they believe the real value of the company to be and whether it's currently under-priced or over-priced. How do you do this with Bitcoin? Do you think it's inherently worth $3000?
Re: Crypto Currency
I do most of my investing purely as a technical investor.
$3000 seems to be support.
Re: Crypto Currency
Are you talking about investing in it? Or actually mining bitcoins? I know a guy who mines bitcoins on his PC 24/7; it's to the point where it isn't fiscally responsible to do that anymore.
Rylant
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