Crypto-Currencies and Bitcoin

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natedagg

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You are stupid if you don’t own any bitcoin whatsoever. Same with Ethereum. Don’t be stupid.
 

Lord Mar

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Funny, I just got back from a discussion regarding investing and trading crypto currencies. I've monitored it for quite some time and keep regretting not pulling the trigger, but also keep telling myself it can't sustain that type of growth. Hearing people talk about how risky crypto is, I couldn't believe hearing some of these people tonight basically treating bitcoin as a savings account.

I was going to start a thread on this myself since there's much more savvy people on here that can elaborate. Curious to hear what everyone else thinks about its future.
It's about as smart as a savings account as you can get. But it depends on when you invest and how patient you can be (i.e. if you can't afford to stash several grand don't bother).

I'm going to deposit shortly because I feel the boom comin.....just waiting to see if it will go down some still.
 

Huber.

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I think the whole economy is due for a correction soon. Eight straight years of growth is hard to sustain.
You have to figure it is going to go up substantially when the economy falters in the next couple of years.
Hopefully someone posts this again in two years and so on so we don't have to resort to bitcoin or mattress money as our retirement plan.
 

Cavatt

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Hopefully someone posts this again in two years and so on so we don't have to resort to bitcoin or mattress money as our retirement plan.
Do you think there are no bad signs in the economy? I'm curious because I make consumer products and consumer confidence is down.
 

Lord Mar

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The US dollar has been forecasted to end for decades (just a matter of when). I don't believe cryptocurrency is any different than the US dollar, however - just controlled differently (and of course digital). So, hop on board or don't...but you will be forced to eventually.
 

natedagg

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The US dollar has been forecasted to end for decades (just a matter of when). I don't believe cryptocurrency is any different than the US dollar, however - just controlled differently (and of course digital). So, hop on board or don't...but you will be forced to eventually.
It WAS just down for you to buy it. On the quantum computer news, which is a nothingburger for BTC at this point.

My point is that it’s crazy not to have a little. Carve out a small sum.

It’s almost a hedge even if you aren’t a BTC but like me. In a worst case, fiat flees from banks paying nothing (which is losing to inflation) into crypto, banks are crushed, payment processing is crushed, stocks are crushed, and your tiny bit kept your overall wealth intact. In a worst-case for your BTC investment, you are down a grand because somehow it goes to 0.

It’s like if you were a blockbuster executive, it would have been great offense to buy $10k of Netflix once it went public. Not bc you knew bb would fail and NFLX would become a thing, but if $10k protected your millions from vaporizing, that was the safest thing to do.

Ok it’s not a great example but you hopefully get the point. The sum of all crypto is $232B, which is actually pretty small.
 

macbdog

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Drug money will continue to refuel bitcoin every time it drops. I also wouldnt be shocked to find various dictatorships arpund the world are using cryptocurrencies to circumnvent sanctions and continue their cash flows... North Korea cant just print US 100s for everything.
 

Cavatt

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Drug money will continue to refuel bitcoin every time it drops. I also wouldnt be shocked to find various dictatorships arpund the world are using cryptocurrencies to circumnvent sanctions and continue their cash flows... North Korea cant just print US 100s for everything.
Good point. An early investment in money laundering in the 21st century
 

Lord Mar

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It WAS just down for you to buy it. On the quantum computer news, which is a nothingburger for BTC at this point.

My point is that it’s crazy not to have a little. Carve out a small sum.

It’s almost a hedge even if you aren’t a BTC but like me. In a worst case, fiat flees from banks paying nothing (which is losing to inflation) into crypto, banks are crushed, payment processing is crushed, stocks are crushed, and your tiny bit kept your overall wealth intact. In a worst-case for your BTC investment, you are down a grand because somehow it goes to 0.

It’s like if you were a blockbuster executive, it would have been great offense to buy $10k of Netflix once it went public. Not bc you knew bb would fail and NFLX would become a thing, but if $10k protected your millions from vaporizing, that was the safest thing to do.

Ok it’s not a great example but you hopefully get the point. The sum of all crypto is $232B, which is actually pretty small.
I'm traveling abroad and wasn't paying attention. It went back up 1.3k$, I know....but I fully expect it to go back down again soon. I want to buy lower than 7k per BTC. We shall see.
 

Sebastian

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Hopefully someone posts this again in two years and so on so we don't have to resort to bitcoin or mattress money as our retirement plan.
The economy is slowing.

My buddy is a manager with Robert Half, and he is able to work with other placement agencies in Silicon Valley, as well as RH groups across the country, and he is seeing that hiring is going way down and their industry analysts believe a wave of contraction is coming soon.

So, take it as you will.
 

bob2the2nd

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For those of you that invested in digital currency which of them do you recommend looking at?

One of my wife's co-workers has basically gotten rich off of a couple of them and this constantly pushing co-workers to buy, but I'm looking to pick up other opinions
 
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