Is it too late to get into Bitcoin guys? It’s trading at $8,600 USD per coin now.
I own:
~$500 worth of BTC
~$250 worth of BCH
~$250 worth of LTC
~$250 worth of ETH
It feels as if I’ve largely missed the boat. Is there still enough upwards mobility in crypto to make investing in it worth the risk? Or has this thing started to reach mass-market appeal to the point that returns will be lackluster?
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Its projected to go to 20k in 2 years.
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What exactly gives Bitcoin value?
From what I can tell it's fiat currency with no actual institution or force backing it up
The block chain decentralized ledger and the immense amount of electricity it takes to mine the coins.
The whole thing just seems like such a meme though. Maybe I should view it as an investment in autism? Autism rates aren’t going anywhere but up for the foreseeable future.
BCH will moon if it replaces BTC
Monero is fungible, anonymous, cpu-minable and is perfect for our decentralized future.
Grin (mimblewimble) is very scalable and more private then bitcoin. Grin is still in development and has had a testnet.
Double down on ethereum and diversify in to canadian weed stocks. I am absolutely serious. Aurora Cannabis stock went nuts last week.
Projected by whom? And that’s really just a little more than a 2x increase at this point. I dunno if the risk is worth only 2x returns.
It's never too late user, but never buy at the all time high. Right now bitcoin is more expensive than it has ever been. Wait for it to go down a bit and then buy what you can.
Another thing, don't measure your altcoins in cash, that's pretty useless. Measure their value in bitcoin. The only use of altcoins is to trade them for more bitcoin.
Also, don't take the advice of /biz/, most of them are pajeet scammers and shills. Reddit is filled with kids who just got into crypto.
You don't need to buy 1 bitcoin man, you can do tiny increments. Just put in $20 a month.
How resource wasteful is running the credit card networks + the ACH networks + having bank tellers. Not to mention the evil fucking (((banking cartels))).
>fiat
You do not understand the meaning of this word.
It'll break 10k this year. I think it'll go much higher than 20k.
>aurora
hey that's pretty good, what's the american stock so we can invest that shti when it becomes legal nationwide
You do know there's a dedicated containment board for cryptoshit?
What gives gold value? What gives silver value? Nothing has value unless people give it value. If people buy bitcoin, it's value goes up. If people sell bitcoin, it's value goes down. A lot of normies are just getting into crypto, a lot of people will be buying, so it's value will go up a lot.
Bitcoin is past its era - Buy Ripple.
It's far from over
just means it isn't backed by any physical good.
As someone who missed the bubble, because lazy... was going to buy in last year around this time when it was being spouted all over the web to, "GET IN NOW!" at around 400$ a coin.
I'd say that bitcoin is 1 of 2 things, either it's basis is foundational to abstract (soon to come) probably Murican-government controlled currency, or it's a simply virtue-signalesq "gotta have" organically advertised object= in massive demand. Either way, it's end is 50$/coin at most.
owning bitcoin makes you savy, and in the know, but the current price is directly reflective of normie intervention. I'd say it's a terrible risk at this point in time, because it's solely dependent on it's trading value and not it's pragmatism. Then again never underestimate normie stupidity.
>I'd say that bitcoin is 1 of 2 things, either it's basis is foundational to abstract (soon to come) probably Murican-government controlled currency, or it's a simply virtue-signalesq "gotta have" organically advertised object= in massive demand. Either way, it's end is 50$/coin at most.
Maybe it's early, but fucking what?
it's gambling you retard, imagine if btc was bth, you woulda lost $400 lmao
BUY LOW SELL HIGH
Also, LItecoin will pan out well in the next 6-9 months so get more of that if you're comfortable investing.
Good word of advice also - never invest more than you're okay with loosing. When you put that money in, it should for all practical purposes, be considered "spent".
>owning bitcoin makes you savy, and in the know, but the current price is directly reflective of normie intervention. I'd say it's a terrible risk at this point in time, because it's solely dependent on it's trading value and not it's pragmatism.
If there was an incentive to use a government style "coin" it'd wipe bitcoin off the map. The current price is solely dependent on it's want and not need.
>Good word of advice also - never invest more than you're okay with loosing. When you put that money in, it should for all practical purposes, be considered "spent".
Practical/10
Crypto investing can pay off big, but can just as easily evaporate to nothing.
>If there was an incentive to use a government style "coin" it'd wipe bitcoin off the map. The current price is solely dependent on it's want and not need
Ahh I see. That would be a very Jewish trick. Though I don't trust the gov to create something secure at all.
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It's nice to have an unbiased opinion fucktard. Sup Forums is largely against crypto, but youre more likely to find an educated opinion about it here, rather than biz.
Put all your money in it, you can only win. This is what everyone says, so it must be true.
No kidding.
P.S. when someone says something is a sure bet and doubles your “investment” in a few months, well guess what, your risk is that your “investment” goes south really fast quickly
>Ahh I see. That would be a very Jewish trick. Though I don't trust the gov to create something secure at all.
But I expect entities that have power to keep them.
Exactly, you're an imbecile if you invest in stable career or traditional stores of value over time. Saving is for morons. Join the buttcoin revolution (TM).
>Sup Forums is largely against crypto,
What makes you say that
this is some bro tier advice, let me just piggyback that everyone talks about cryptos when they are high, wait until they dip to buy.
yes! if your going to invest, do $100 a week or whatever, and buy no matter if its high or low, it will even out in the long run.
The best investors have many eggs in many baskets. Spread it around so if a bubble bursts some where, you don't lose everything. With that being said, don't invest any money you aren't afraid to lose. Bubbles do pop and people lose everything.
How long until someone builds a Monero ASIC and crushes CPU miners as has happened with other supposedly non-ASIC capable coins?
People who don't understand economics will tell you to buy on some technical mumbo jumbo or to "stick it to the banks" the reality is bitcoin is for anonymizing your transactions for various reasons thus has some value as a means of exchange, as to what the true value of it remains to be seen.
If you want to buy bitcoins, keep your eye on the dark web drug markets, if they go down the price tends to spike.
I don't think they're worth the asking price, they're simply not practical for anything but illegal shit, considering how awesome most illegal shit is, maybe they are worth it in some way, but regardless it's not really a currency you'd want to hold your money in if you valued certainty.
>pol/ is largely against crypto
Nobody is against anything.
But consider the 3 type rule of putting money at work:
Type A: government bonds, prime real estate, investment index funds of a huge range of large stocks - low risk... 3 to 4 percent max return a year, barely gets you above inflation
Type B: Long term investments in stocks, more risky bonds, hedge funds, private equity funds etc. - 7 to 10 percent per year if done over many years, some risk of losing out, often economy related risk, overall systemic risk e.g. like a Japan style deflationary spiral
Type C: Betting on stuff, refurns of 20 to 1000 percent and more in a few months, casino style stuff with huge rewards and enormous risks
Guess in which type cryptos go. Not saying they aren’t worth shit, but they definitely are a Type C scenario.
>Sup Forums is largely against crypto
Memeflag, I expect no less.
Right now cryptos have very little upside left but GIGANTIC downside risk.
Don't be a retard. Cash out.
This is true. Crypto ruined the stock market for me because people get excited when a company does 15% in year. I've watched coins do 1000% in an hour on exchanges.
If that happens Monero could go cucko-cycle like Grin is doing.
Buy now
This.
If you want certainty, you buy gold (physical, not paper gold) and real estate
You are a retard. 20-40% on an investment in a year is considered really high
America is going to be behind Canada on national legalization simply due to the nature of states rights. Some states already have it, others will drag their feet for at least a decade. Unless something like the Federal Gay marriage thing happens again but that's not too likely with pot
You are retarded
It's never to late. You invested in safe, but not necessarily moon coins.
If you like it a little bit riskier: GVT, SNC and AION. Very low market caps, teams are awesome and will get listed on major exchanges soon. Possibilities for 10x
>protip
Right now bitcoin, compared to the American market, is subtly on it's precipice of adaption or it's lackluster. That's what you need to be betting on now, not building it up... that is, if you're looking to make some cake.
>If you want certainty, you buy gold (physical, not paper gold) and real estate
This is fine, but not always easy since you can't just buy 100/week or whatever. There's more of a minimum to get started
Not sure. I think Canopy Growth is traded on the US market. You can also buy Canadian stock directly.
>If people buy bitcoin, it's value goes up. If people sell bitcoin, it's value goes down
This is why I'm bad at this stock market stuff-- each PURCHASE is also a SALE
Didn't that fag Traydoodoo just cry for native people of Canada and give them 50 mil. of tax payer monies? Lol, Canada how would you survive if it wasn't for being right next to America.
Sorry leaf friend, need to check you and your ideals.
lol it's at $8700 right now
Risk on volatile commodities is mitigated by careful use of limit and stop loss settings. Under no circumstances should you lose more than 20%. This is not an all-in on black, win or lose on one roll scenario, provided you aren't a raging incompetent.
Nocoiners btfo
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>I don't think they're worth the asking price, they're simply not practical for anything but illegal shit, considering how awesome most illegal shit is, maybe they are worth it in some way, but regardless it's not really a currency you'd want to hold your money in if you valued certainty.
Ding ding, this guy gets it. If you want to make money with bitcoin nowaday pay close attention to DNM. Also, Monero.
Don't believe half these people, they just want you to cash out so they can buy the dip. Fiat currency has ruled civilization since it's conception, this is the same but completely private with an uncontrollable decentralized core. Gold and Silver are completely manipulated in the market today, if shit hits the fan the government will outlaw any precious metals just like they have in the past, can't do that to crypto.
>IF EVERYONE USES CRYPTO HOW IS THE GOV GOING TO STEAL FROM PEOPLE WITH JOBS AND GIVE IT TO MINORITIES!?
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I expect the fall to be sometime around February, after all the internet kiddies cash in their Christmasbux and the darkweb fags that started this shit move to something else less traceable.
Pls stop, these people kill me
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Idk a lot less wasteful than bitcoin? I built a system that processes 100 million transactions a day in USD once and it runs off a couple server racks lul
its not though because btc is exchangeable for USD. The other coins are mostly exchangeable with bitcoin only, hence why alt coins strengthen btc more than anything.
>Risk on volatile commodities is mitigated by careful use of limit and stop loss settings.
in a controlled market, i.e. index fund
>This is not an all-in on black, win or lose on one roll scenario, provided you aren't a raging incompetent.
has only 5 dollars to bet, bets 5 dollars. If you have a job, then no, you're right.
These are from $2200-$2400 btw wish there were dates
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Kek. I hope these people killed themselves
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The difference in the number of people buying and selling is the key. If people are buying a coin because they believe it will moon, they increase it's value, If people sell a coin because they believe it's crashing, that'll decrease it's value. The crypto market in particular is all illusion and appearance. A few months ago an altcoin called Omisego mooned because there were rumours going around that they had a with apple. Everyone bought bitcoin because they believed it will moon, which ironically made it moon. When the rumours turned out to be bull, people sold OMG, decreasing it's value to a fourth of what it was.
that's rich, coming from oil jizzing coutry, kek, w8 till you're bombed for sake of democracy, then we'll listen to your squealing. It's close to top, all of the fucking "mr market" is. Can't understand what is trump doing "owning" this "success", don't believe he's this dumb, so let's hurry up and wait a little longer. I guess if i were a clueless crypto enthusisat I'd cash out into something tangible, preferably generating perpetual income despite the circmstances. Farmland (depends here it's been overvalued for years fucking eu), real estate - no experience, shares in undertaking company would be impenetrable I guess, pm's? that's insurrance and not certain, transmutation chickens and stuff. I don't fucking know. But I know this shit ain't going for much longer, unless some serious muscle is behind it. Transmutation:
oceanplasma.org
Idk what to blieve, been following pm's markets for years, and it seems impossible that prices stay at present levels. Western central banks should hve run out of the shiny years ago. Maybe it's just futures manipulation. Maybe it's not.
The only conclusin - learn a trade, indispensible one, like medical or welding. There is no way (despite the kveching) that in situ welding or human interaction is going to be replaced any time soon. Plus it's fun. Welding that is. Dealing with disgruntled apes isn't.
Yes, Bitcoin is one huge bubble just waiting to pop
Last one
This chart has been quite accurate.
>bitcoin
>risk
ha
Just waiting for the crypto bubble to break, so many tears will be made
It's literally just a waste of electricity at this point
... but but but what about all the fancy folks in Lamborghinis with designer suits who put a hundred bucks in bitcoins and are multi millionaires now?
>~1 million
Oh fug
>in a controlled market, i.e. index fund
That applies to any stock, not just index funds. Limits and stops are a key part of day trading.
It also applies to crypto just with the possible uncertainty of the exchange you use going belly up. That can be defended against by keeping your crypto currency offline in a secure location.
>I hate anything that Merkel can't use to bring in more refugees
It did pop once, but it never went back down to what it originally was. And now it is ten folds what is was when it did pop years back. The first rule of economics: Money has value because the people want it to have value. When a new consensus is born that an alternate currency is viable if not better they will jump onto the new currency like what always happens.
You sure countrymemed me
Ha?
You make that. Value the weight of a number, that is, you run into a lot of numbers daily, rarely are they over 100.
That face when I invested $100 in Golem and lost 25%.
Was Golem a meme coin?
You did it to yourself, I just pointed it out
100=x
I've quadrupled mine because I was too lazy to buy sooner.
Friends have made over 200x their "investments."
>isis flag
>oil jizzing country
Can't keep your sperging contained to one thread can you, retard? This is a thread about bitcoin. No one was talking about trump. No one was talking about politics or the middle east. You just had to sperg out you drooling imbecile.
a shitcoin
But does it really have value to people outside of buying drugs and information? Mainly drugs for the plebs.
If government's were smart they'd legalise and the whole thing would flop. At the moment it's ez money for China as far as I can see.
>If government's were smart they'd legalise and the whole thing would flop.
Lolwut
Did you see where the White House press twitter got hacked a few years ago and they said something along the lines of there's a bomb in the WH? Did you see what happened to the American market?
>It also applies to crypto just with the possible uncertainty of the exchange you use going belly up. That can be defended against by keeping your crypto currency offline in a secure location.
If you're the sole proprietor of somethings value, it's because of it's rarity or demand, neither of which can bitcoin fall into comfortably. My WH analogy can be applied to bitcoin.
Should I start buying $25 worth of bitcoin every week? No way can I ever afford to drop the amount for one coin.
Where can I store my bitcoins? I have an ether wallet but that's only for ethereum/eth based coins.
Can I just keep it on Coinbase's website?
just search how much a single transaction costs now, they are collectively burning as much as nigeria every day just to service the thing, there has never been a bubble of this proportiion, as I said I have doubt about pm's but those pale in comparison with what bit"coins" represent, we're living in strange times, the chinese proverb applies
>Should I start buying $25 worth of bitcoin every week? No way can I ever afford to drop the amount for one coin.
That's as good as anything
>Where can I store my bitcoins? I have an ether wallet but that's only for ethereum/eth based coins.
>Can I just keep it on Coinbase's website?
There's always some risk doing that, but coin base is pretty safe, they take a lot of precautions. For relatively small amounts that's probably fine.
legalise drugs. The value of bitcoin seems heavily linked to the black market so I doubt they'd have much value if you could just buy the drugs with your fiat currency.
Ignore every other post in this thread.
Warren Buffet, the smartest most successful investor in the world says “sell when people are greedy, buy when people are afraid”. When you look at bitcoin talk forums or even /biz/ shills and everyone claims that bitcoin is done for, you go all in.
There is some competition with Golem, I think that's biggest reason. First application, distributed rendering is coming at some point. Just hold.
>The value of bitcoin seems heavily linked to the black market so I doubt they'd have much value if you could just buy the drugs with your fiat currency.
This was probably true 8 years ago. Btc has a lot more mainstream uses now. It's not just for drugs.