Bitcoin

20 messages Options
12
Chris Chris
Reply |
Open this post in threaded view
 

Bitcoin

Have you invested?

I haven't done any research, only reading headlines and thinking.  From a past post I know NEPA has invested some into Bitcoin, curious as to where/how you invest in the currency.
The day begins...  Your mountain awaits.
MC2 5678F589 MC2 5678F589
Reply |
Open this post in threaded view
 

Re: Bitcoin

If you think an "investment" in Bitcoin is a good idea after looking at this chart, I have some swampland in Florida that you might be interested in:



If I owned Bitcoin right now, I'd be looking to sell and take profits ASAP.

I'd invest some money in a Bitcoin contra-fund (and I'm sure someone will create one soon).
D.B. Cooper D.B. Cooper
Reply |
Open this post in threaded view
 

Re: Bitcoin

A good friend of mine invested.  He's got his capital out, so it's just house money now.  He said he thought there is a bubble, but said he'd reinvest after that bubble burst.

I don't know if his is Bitcoin or some other mined currency.
Sent from the driver's seat of my car while in motion.
tjf1967 tjf1967
Reply |
Open this post in threaded view
 

Re: Bitcoin

If you buy it don't lose it.  
Chris Chris
Reply |
Open this post in threaded view
 

Re: Bitcoin

tjf1967 wrote
If you buy it don't lose it.
What do you mean by don't lose it?

It's interesting, I've been familiar with it from the beginning when I was scouring the internet for those fun mind expanding compounds.  Harvey remembers those days... some of my best posts came around in the wee hours of the morning on SkiAdk...

Anyhow I never got involved in the currency.  Once Silk Road went under I figured that the currency would go away quietly... Look at it now and it's still in its infancy.

I see myself investing in it in the near future, whether its bitcoin or a handful of the others.  Certainly not going ALL IN, but it's intriguing.  Look at how much the internet has changed the world in just 2 decades.

A TON of unknowns and risk, but damn it'll be interesting to see where this goes.

The day begins...  Your mountain awaits.
tjf1967 tjf1967
Reply |
Open this post in threaded view
 

Re: Bitcoin

nepa nepa
Reply |
Open this post in threaded view
 

Re: Bitcoin

This is could be a highly risky venture.    It really depends on your perception of what "risk" really is.  I invested money for use on the Black Market... this gives you an idea of my risk tolerance.  There is no physical nature to this currency... it can disappear into thin air very quickly.  It's that way by design.  That should tell you something.

 

There was a time in late 2013 where I thought I flushed 5 grand down the toilet into a big Bitcoin septic tank... My entire account was inaccessible for about 4 weeks.  The exchange that I invested with was telling me that there was no issue, and I needed to be patient.  Apparently, they had contracted an infection that corrupted most of their data, and were having trouble accessing their offline backups.  I was persistent and persistence paid off.  I'm a Jew, so when it comes to money, well you know what they say....

 

Now, I feel very lucky (to have just said Yes... Thanks Drugs!!).  

I held a position that I was using to purchase party favors (a.k.a. drugs) via Silk Road and subsequent DarkWeb incarnations.  In early 2013, I invested 5K.  I got in at an average in the 20's.

I closed out the position via Coinbase (IMO:the most reputable exchange)  in late September of this year.  It appears that i left the Casino a bit early.  I exchanged 183 units for $4127 and change, each.  

IMO: Your too late to the game... this is a classic bubble

JasonWx JasonWx
Reply |
Open this post in threaded view
 

Re: Bitcoin

 

So you grossed 750k...Very nice..Now we know how you retired early..Mazel tov
"Peace and Love"
Harvey Harvey
Reply |
Open this post in threaded view
 

Re: Bitcoin

In reply to this post by nepa
"If it's my mountain, I'm installing a fixed grip and telling the lifties to stuff the beginners into chairs as aggressively as they have to, to keep it going full speed." —Brownski
nepa nepa
Reply |
Open this post in threaded view
 

Re: Bitcoin

In reply to this post by JasonWx
JasonWx wrote
So you grossed 750k...Very nice..Now we know how you retired early..Mazel tov
Mucho Mazel Tov

One of a very small handful of "lucky" investments that made early retirement possible.  
Reply
12