How far will bitcoin and other cryptos fall?
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@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility, which also includes the risk of it going away completely. I don't feel potential gains are worth the risk at this point of it's lifetime, and feel I'm comfortable making less in less volatile ways.
Sure, I wouldn't mind poking it with a stick for shits 'n giggles... but I'm not going to put it under my pillow if you know what I mean.
Put in $20-50 and play with it. If nothing else it's just cheap entertainment.
This is what I'm doing. I had ~$110 before the crash. Last time I checked it was worth $86, lol.
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@dafyre said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility, which also includes the risk of it going away completely. I don't feel potential gains are worth the risk at this point of it's lifetime, and feel I'm comfortable making less in less volatile ways.
Sure, I wouldn't mind poking it with a stick for shits 'n giggles... but I'm not going to put it under my pillow if you know what I mean.
Put in $20-50 and play with it. If nothing else it's just cheap entertainment.
This is what I'm doing. I had ~$110 before the crash. Last time I checked it was worth $86, lol.
I am back above what I had before the crash and I feel like I much better positioned this time
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I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
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@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
Appcoins is going to be a winner soon
I got it at $1.34
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@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
I get the same "bubble" mentality, but I always though Real Estate would be a good investment as long as you have good renters and property management.
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@dafyre said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
I get the same "bubble" mentality, but I always though Real Estate would be a good investment as long as you have good renters and property management.
That's a dangerous thing to think. Real estate is just like any other investment whether stocks, bonds, or altcoins. You can say the same thing about cryptocurrency - it's a completely safe and effective investment if you invest in the right coins. Um... well yeah. But you can't know which are the right properties, renters, or coins until afterwards. If you could be sure it would be a good investment, everyone would do it automatically.
All investments only work because some people win and some lose.
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
As everyone should!
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@tim_g said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
As everyone should!
I've lost more on real estate than almost anyone has lost of bitcoin, lol.
goes off to cry in the corner
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@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
As everyone should!
I've lost more on real estate than almost anyone has lost of bitcoin, lol.
goes off to cry in the corner
Real Estate is great if you can buy low, and rent it out until it's paid off. Get someone else to pay for it, then it's mostly profit.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@scottalanmiller said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
To me, the Bitcoin is like a bizarre and risky stock that I would most likely avoid long-term investment due to its volatility,
That's how I feel about real estate.
As everyone should!
I've lost more on real estate than almost anyone has lost of bitcoin, lol.
goes off to cry in the corner
Real Estate is great if you can buy low, and rent it out until it's paid off. Get someone else to pay for it, then it's mostly profit.
Yeah, unfortunately being able to buy low isn't something you can do unless you have loads of money already and flexible time frames.
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@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
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@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
Just that one, ha ha. I had the $10 when I stumbled across it. They had a $10 buy in for 1,000 ETN... So I got in for $0.01 /coin... It's now up to $0.13 / ETN.
Edit: I set up a couple of CPU miners and am earning 10 ETN every day or two (Roughly $1.30). I won't get rich, but it will fund my Steam / GOG habit, lol.
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@dafyre said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
Just that one, ha ha. I had the $10 when I stumbled across it. They had a $10 buy in for 1,000 ETN... So I got in for $0.01 /coin... It's now up to $0.13 / ETN.
Edit: I set up a couple of CPU miners and am earning 10 ETN every day or two (Roughly $1.30). I won't get rich, but it will fund my Steam / GOG habit, lol.
Can you ping me privately about that? I am actually looking to do a very low cost, low yield mining. I would be happy with $10 a month. I just want it for gas fees.
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@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
Just that one, ha ha. I had the $10 when I stumbled across it. They had a $10 buy in for 1,000 ETN... So I got in for $0.01 /coin... It's now up to $0.13 / ETN.
Edit: I set up a couple of CPU miners and am earning 10 ETN every day or two (Roughly $1.30). I won't get rich, but it will fund my Steam / GOG habit, lol.
Can you ping me privately about that? I am actually looking to do a very low cost, low yield mining. I would be happy with $10 a month. I just want it for gas fees.
Low cost mining will NEVER give you more than it costs to mine. Stuff just isn't that efficient yet.
Example, you can buy like a $60 USB mining stick... but between the cost of the stick, the cost of hte power consumption of the stick/Pi/whatever, it's never going to work out positively... if it does, you're looking at cents, not dollars.
You need to buy those big mining racks for many thousands of dollars. It's basically a bunch of videocards and power supplies.
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@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
Just that one, ha ha. I had the $10 when I stumbled across it. They had a $10 buy in for 1,000 ETN... So I got in for $0.01 /coin... It's now up to $0.13 / ETN.
Edit: I set up a couple of CPU miners and am earning 10 ETN every day or two (Roughly $1.30). I won't get rich, but it will fund my Steam / GOG habit, lol.
Can you ping me privately about that? I am actually looking to do a very low cost, low yield mining. I would be happy with $10 a month. I just want it for gas fees.
Low cost mining will NEVER give you more than it costs to mine. Stuff just isn't that efficient yet.
Example, you can buy like a $60 USB mining stick... but between the cost of the stick, the cost of hte power consumption of the stick/Pi/whatever, it's never going to work out positively... if it does, you're looking at cents, not dollars.
If you live in areas that don't need cooling, and have lower power needs, you might be good.
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@reid-cooper said in How far will bitcoin and other cryptos fall?:
@tim_g said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
@irj said in How far will bitcoin and other cryptos fall?:
@dafyre said in How far will bitcoin and other cryptos fall?:
I got in on Electroneum (ETN) just before the ICO launched... My $10 is now worth $120, so I saw a nice rise on that one.
How many ICOs have you invested in?
Just that one, ha ha. I had the $10 when I stumbled across it. They had a $10 buy in for 1,000 ETN... So I got in for $0.01 /coin... It's now up to $0.13 / ETN.
Edit: I set up a couple of CPU miners and am earning 10 ETN every day or two (Roughly $1.30). I won't get rich, but it will fund my Steam / GOG habit, lol.
Can you ping me privately about that? I am actually looking to do a very low cost, low yield mining. I would be happy with $10 a month. I just want it for gas fees.
Low cost mining will NEVER give you more than it costs to mine. Stuff just isn't that efficient yet.
Example, you can buy like a $60 USB mining stick... but between the cost of the stick, the cost of hte power consumption of the stick/Pi/whatever, it's never going to work out positively... if it does, you're looking at cents, not dollars.
If you live in areas that don't need cooling, and have lower power needs, you might be good.
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You'll pretty much NEVER make up what you've spent, unless you did this 15 years ago... at least not anymore.
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That's just for hte USB device itself.... that doesn't include the power consumption of the device used to power the USB stick such as a laptop or PI or whatever.
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@tim_g said in How far will bitcoin and other cryptos fall?:
You'll pretty much NEVER make up what you've spent, unless you did this 15 years ago... at least not anymore.
That's what I'm finding out.
