by "Panther Brown Tdi Volvo Shooting Brake Manual Miata RWD Wagon Stole HondaBro's Accord." (ningaboss)
Published 12/12/2017 at 12:00
by "Panther Brown Tdi Volvo Shooting Brake Manual Miata RWD Wagon Stole HondaBro's Accord." (ningaboss)
Published 12/12/2017 at 12:00
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STARS: 1
I spent 200 bucks on lite coin yesterday at (197), 400 on etehereum (481), and 200 on bitcoin (16766)
Was it worth it?
It was my first time spending any money on cryptocurrency.
I just spent my entire savings on coin. It’s rather low risk for me as I’m just in high school right now. Not much to lose.
"E90M3" (e90m3)
12/12/2017 at 12:10, STARS: 1
Could be worse, I bought SLB stock back in July of 2014 when it was ~$110 a share and well you can see how that’s worked out for me.
"facw" (facw)
12/12/2017 at 12:11, STARS: 5
Can’t see it as anything but a huge bubble. That doesn’t mean you can’t make money on it, people obviously have, but the prices seem unsustainable to me.
"AM3R, lost another burner" (am3r17)
12/12/2017 at 12:13, STARS: 0
TBH with just $200 I would have rather just put it in alt coins, but I don’t think you’ll do poorly with what you’ve done.
"Decay buys too many beaters" (decay)
12/12/2017 at 12:14, STARS: 1
Was going to say “stay safe OP”
Then I looked at todays value... shiiiiit, making it really tempting to sell my ETH
"DC3 LS, will be perpetually replacing cars until the end of time" (dc3ls-)
12/12/2017 at 12:20, STARS: 0
You made sure it was ethically sourced, and wasn’t mined by doges didn’t you?
!!! UNKNOWN CONTENT TYPE !!!
"Panther Brown Tdi Volvo Shooting Brake Manual Miata RWD Wagon Stole HondaBro's Accord." (ningaboss)
12/12/2017 at 12:20, STARS: 0
It’s not bad the markets doin extremely well. But you never know.
"E90M3" (e90m3)
12/12/2017 at 12:22, STARS: 0
It was more of just cause they’re on fire right now doesn’t mean they will stay that way. Oil was over $100/bbl then with no end in site, that is until the bottom fell out of the market in late 2014/early 2015.
"Ash78, voting early and often" (ash78)
12/12/2017 at 12:26, STARS: 1
Re-read. I believe he just dropped $800 total. Diversification!
Way too risky for me. Not saying it’s not worth it, the volatility and lack of fundamentals/research kill it for me. Plus I can’t stop associating cryptos with Dark Web drug sites and money launderers. Guilt by association.
"My bird IS the word" (mybirdistheword)
12/12/2017 at 12:31, STARS: 2
It’s like gambling. never bet more than you are willing to lose. Other than that.... much better than going to a casino IMO
"R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet" (r-saldana)
12/12/2017 at 12:35, STARS: 0
That’s no the Bitcoin logo btw.
Wait for the next dip to buy, Watch the peak on Bitfenix (if it is back up again) and on GDAX. I bought Litecoin at $44 back in June. And mined for a substantial portion of a bitcoin before it hit 5 digits.
"SnapUndersteer, Italian Spiderman" (dasborgen)
12/12/2017 at 12:54, STARS: 1
You should sell
"SnapUndersteer, Italian Spiderman" (dasborgen)
12/12/2017 at 12:58, STARS: 1
Making over 41% is pretty good OP.
"Decay buys too many beaters" (decay)
12/12/2017 at 13:01, STARS: 0
Probably... but what if I get out early again?!?! Mined BTC in college, sold all of them (over 1000) when it hit $20 :/
"AM3R, lost another burner" (am3r17)
12/12/2017 at 13:04, STARS: 0
Oops, guess I’m still waking up.
And yes, alts are risky, BUT if you can put some time into really researching them, you can pick out some good ones. I made 700% on digibyte last spring, over 1000% on verge, and currently doing pretty well on a few others. The key is to not pick out too many, just find a few good ones and play the market.
Also, I try to only invest in coins that have a good use. DGB was involved in gaming and stuff, siacoin was some type of cloud storage, etc. But yea, crypto itself just gets a bad rep.
"SnapUndersteer, Italian Spiderman" (dasborgen)
12/12/2017 at 13:06, STARS: 2
FOMO is a bad thing in investing and in life in general
"Decay buys too many beaters" (decay)
12/12/2017 at 13:22, STARS: 2
Playing with small dollars here, purely my play/speculative side of the portfolio. Pretty amazing how much a $100 investment from January has increased though.
"diplodicus" (diplodicus)
12/12/2017 at 13:34, STARS: 1
There’s a game out there from Wall street journal I think? Where you start in like 1910 with 10k and you have to try and time when to buy and sell. The only way you win is literally by leaving it alone. No body can time the market right, it’s all just luck.
"davesaddiction @ opposite-lock.com" (davesaddiction)
12/12/2017 at 14:34, STARS: 1
I laughed, and I’m sorry about that.
"Decay buys too many beaters" (decay)
12/12/2017 at 14:45, STARS: 2
Win some lose some, still made money (infinite return! (not accounting for electricity cost)) which is more than I can guarantee to all the people buying in now.
It would only take one person with early miner type holdings exiting their position to crash the price.
"davesaddiction @ opposite-lock.com" (davesaddiction)
12/12/2017 at 14:52, STARS: 1
Well, I’m the guy who remembers hearing about Bitcoin when it was first available in ‘09 and didn’t get off his lazy ass to buy $20 worth to give it a shot...
I can’t imagine buying in now. Like buying gold in 2011, but worse.
"Decay buys too many beaters" (decay)
12/12/2017 at 15:16, STARS: 1
Yeah, only difference is that it can go to zero in minutes and you won’t even have a shiny mineral anymore
"davesaddiction @ opposite-lock.com" (davesaddiction)
12/12/2017 at 15:44, STARS: 0
yep
"R Saldana [|Oo|======|oO|] - BTC/ETH/LTC Prophet" (r-saldana)
12/12/2017 at 17:14, STARS: 0
Unfortunately, that is not true due the amount of early miners who have sold out and diversified. If the new “bitcoin futures” wall street entities chose to back out it will be funny because they are buying and tradin gon margins based on the speculative thoughts about cryptos. Kind of what they did buying ans selling mortgages.