Anyone own any Bitcoin here?

[musclefan21]

what are your thoughts? I have 2k in there and just been dancing around 100 down, 100 up, like that. When you search the net, rumor spreaders obviously say it will sky rocket but I wanna hear from individuals with honest feedback. Will it go back up again? I have a feeling it has to go back up at some point as it’s getting its name out there more and more.


Discuss.

 

[jeffh81]

Got a little bit. It will go up in time.

 

[bullitt2735]

first rule of being your own bank, if anyone asks how many bitcoin you own the answer should be none, I own none

 

[black4vcobra]

I have some as well as some other established cryptocurrency. Unfortunately i bought some when it was on the way down so i'm underwater on it.

Blockchain technology is very useful for many applications though and as cryptocurrency is the proof of the work put into making the block, i think there will be use for crytpocurrency in the future.

 

[svtfocus2cobra]

I think crypto will take off at some point but it will probably transform into something else one more time before it really becomes valuable. At that point it probably wont be Bitcoin that is the valuable crypto. Right now insurance companies are looking at utilizing it, auto manufacturers like Ford are looking at utilizing it as a means to connect cars on the road, and lots of others are developing it as well. It will develop a proper use eventually.

 

[jeffh81]

Gotta be in it for the long haul

 

[musclefan21]

The reason I got some bitcoin was to invest a bit for future. Don’t expect to get rich or anyThing, just make a bit more than I put in. I can wait for I to bounce back. I m not worried about a loss right now. I threw the money in there to look back a war or two down the road and see if I can make some money off of it.

Ripple and Cardano are in my crosshairs and thinking about throwing 1k at each and sit back and wait for them to grow in the next few years. I keep hearing Cardano will blow up... it’s at 4 cents now and ripple at 36 cents

 

[lOOKnGO]

I think crypto will take off at some point but it will probably transform into something else one more time before it really becomes valuable. At that point it probably wont be Bitcoin that is the valuable crypto. Right now insurance companies are looking at utilizing it, auto manufacturers like Ford are looking at utilizing it as a means to connect cars on the road, and lots of others are developing it as well. It will develop a proper use eventually.

On point. Bitcoin or something similar will take off. Once the big companies invest, Katie bar the door. I did alarm members here about a year ago, about the predictable decline. I don't own any, but should.

 

[musclefan21]

Gotta be in it for the long haul

I have no problem there. Better to sit there than the savings account. Don’t you think?

 

[VRYALT3R3D]

Investing in Bitcoins will always remain highly volatile, especially when you do it for speculative purposes. Bitcoins do not have any stable purchasing power. Compare the USD-Euro exchange rate to the USD-Bitcoin exchange rate. Which one looks incredibly volatile and which one looks stable? The fact is, Bitcoins rely on financial intermediaries, not the other way around. I sure as hell wouldn't buy something so volatile.

 

[jeffh81]

I have no problem there. Better to sit there than the savings account. Don’t you think?

I look at it like this: its a gamble and you have to take a chance to make a little change

 

[musclefan21]

I look at it like this: its a gamble and you have to take a chance to make a little change

Agreed. I would like to believe the odds are better than gambling but it still is somewhat like that.

 

[jeffh81]

Agreed. I would like to believe the odds are better than gambling but it still is somewhat like that.

I look at stocks like that. You got to know when to hold them, know when to fold them, when to walk away and know when to run. Like run from Ford stock

 

[KingBlack]

lol

 

[CompOrange04GT]

lol

Got a paper written on it ?

 

[CompOrange04GT]

Struck a nerve ehh.. lmao

 

[musclefan21]

I look at stocks like that. You got to know when to hold them, know when to fold them, when to walk away and know when to run. Like run from Ford stock

You know which stock so far seem promising. Some cannabis company in Canada since it got legalized there, TGOD. Seem like that stock will go up in the next year and on.

 

[Kiohtee]

Got out of crypto before the big downfall, but I'm watching levels and will jump back in soon.



That's brilliance alright, just not in the way you had hoped. LMAO

 

[Machdup1]

Bitcoin is a suckers bet built on hype, smoke and fairy dust.

A couple of people will make some real money, the rest will get raped.

 

[svtfocus2cobra]

Bitcoin is a suckers bet built on hype, smoke and fairy dust.

A couple of people will make some real money, the rest will get raped.

Isn't that how real stocks work though, just on a larger scale?