nutildah
Legendary
 Offline
Activity: 2982
Merit: 7976
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December 21, 2014, 04:27:36 AM |
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Don't do it, dude.
Here's why not:
1. There will always be negative press clouding the perceived legitimacy of bitcoin by the masses. While a lot complaints are very real, there will always be competing entities generating hit pieces to keep normal people scared and wary of bitcoin.
2. The price of bitcoin was definitely over-inflated thanks to GOX. It might not actually be down to its "true" price is (well, the actual true price is always the current price, but you know what I'm sayin'.
3. Too many other competitors in the cryptocurrency space that are perhaps technologically more sound and definitely more energy efficient than bitcoin. The problem is, not one of them has really caught on yet. Not even bitcoin!
I've been going the Andreas Antanapolous (sp) route and asking all commercial vendors who I patronize if they accept bitcoin. The first question is always, without fail, "What is bitcoin?" Then the answer after they check with the boss is always "no."
While more shops/stores/venues may be accepting bitcoin by the day, lets face it, its not catching on at nearly the rate we were hoping -- at the rate that would have made speculative purchases a much smarter move.
So basically, you gotta wait for bitcoin to stabilize. And if you have checked the price recently, it ain't stable at all.
The only situation I see in which bitcoin attains instant success is if there is another global economic meltdown that eliminates the "safe" part of most traditional "safe haven" investments. Hopefully by that time bitcoin will have moved from "highly obscure, high-risk" investment to one of the only remaining safe havens for money.
We'll see. Better hope shit doesn't get too fucked though cuz we'll still need electricity to run the network.
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The trust scores you see are subjective; they will change depending on who you have in your trust list. |
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Jamie_Boulder
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December 21, 2014, 06:36:13 AM |
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Tbh ever since "Dan Balzarian" or w/e that instagram guys name is started getting famous I've been running into a tone of newbs during my poker rounds
Maybe it's just where I live
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youngmike
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December 21, 2014, 07:31:34 AM |
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Only dumb people buy bitcoins or alts these days, go check out crypto assets  |
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ikydesu
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December 21, 2014, 09:17:11 AM |
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If you want to invest in crypto, you can search xbtc, that's assets you can buy with bitcoin. That asset only you can buy at counterparty
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HeroCat
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December 21, 2014, 01:49:01 PM |
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There are some guys over there, which make some cash with crypto - and they just buy one crypto coin, then wait some days or a week, and then sale it with profit. Bitcoins are used to buy/sale crypto coins. But there are many crypto coins, so you must know the crypto market if you want to make some profit.
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caga
Full Member
Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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December 21, 2014, 01:58:42 PM |
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If you want to invest in crypto, you can search xbtc, that's assets you can buy with bitcoin. That asset only you can buy at counterparty
How are they profitable? Doesnt btc prices affect those? |
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nor9865
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December 21, 2014, 05:27:40 PM |
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Welcome and goodluck..
Don't listen to 100% of the forum as many try to trick you, so listen to yourself only!
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caga
Full Member
Offline
Activity: 238
Merit: 100
www.secondstrade.com - 190% return Binary option
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December 21, 2014, 05:30:20 PM |
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Welcome and goodluck..
Don't listen to 100% of the forum as many try to trick you, so listen to yourself only!
I would second this  If it was so easy to make profitable investments, everyone here would be rich. Just make your own decisions. |
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UnlikelyStory
Newbie
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Activity: 28
Merit: 0
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December 22, 2014, 01:22:24 AM |
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BUY BUY BUY
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Bit_Happy
Legendary
Offline
Activity: 2100
Merit: 1040
A Great Time to Start Something!
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December 22, 2014, 01:26:22 AM |
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Hi all.
I am fairly new to bitcoins but I know some people that have made alot of money on bitcoins during these years.
So let me introduce myself: I am a guy that have played poker for many years and have made enough money in the peak of online poker but as poker is getting harder I am doing some investments in real life businesses but also thinking to do some investment in stocks and currency. For the currency I have been thinking to invest partially in bitcoins and would like to know the pros and cons of bitcoins and best methodss to trade and be safe. Any links to older posts briefing me into this would be much apriciated.
Thank you guys for your time and hopefully I will be a regular bitcoin talker soon.
Trading BTC (and alts) often makes better profits than simply holding, but you also need to be prepared for the huge up moves when they finally happen. Having money to start with makes it much easier, since you can have both a long-term investment and a trading fund. Enjoy |
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rz20
Legendary
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Activity: 1330
Merit: 1001
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December 22, 2014, 01:29:31 AM |
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If I where you I would buy Right now the price is the lowest in the last 13 months. |
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Guido
Legendary
Offline
Activity: 1061
Merit: 1001
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December 22, 2014, 12:34:49 PM |
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personally because of the time of year I think will go down a bit more before going back up
I think btc may drop to $260 levels even in next couple weeks
but btc is a longterm hold imo anyway so doesn't really matter
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I am Bonkers BTW
Crypto OG
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Digital Artist
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Yeezus
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December 22, 2014, 12:54:07 PM |
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I'm also treating bitcoin as a long term investment. I can see the potential behind the technology and what it can do for the remittance and payment processor market so I'm banking on those industries to lead the demand for bitcoin and eventually push the price up.
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DingoStar
Newbie
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Activity: 18
Merit: 0
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December 22, 2014, 06:05:25 PM |
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I think Bitcoin is a promising tool for investment at the moment. There are a lot of positive news about bitcoin integration published recently, which create a favorable environment for the bitcoin growth.
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malaimult
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December 23, 2014, 05:28:43 AM |
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Hi all.
I am fairly new to bitcoins but I know some people that have made alot of money on bitcoins during these years.
So let me introduce myself: I am a guy that have played poker for many years and have made enough money in the peak of online poker but as poker is getting harder I am doing some investments in real life businesses but also thinking to do some investment in stocks and currency. For the currency I have been thinking to invest partially in bitcoins and would like to know the pros and cons of bitcoins and best methodss to trade and be safe. Any links to older posts briefing me into this would be much apriciated.
Thank you guys for your time and hopefully I will be a regular bitcoin talker soon.
Trading BTC (and alts) often makes better profits than simply holding, but you also need to be prepared for the huge up moves when they finally happen. Having money to start with makes it much easier, since you can have both a long-term investment and a trading fund. Enjoy trading altcoins is essentially nothing more then gambling, but without knowing the odds ahead of time and with people trying to cheat you. |
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gogxmagog
Legendary
Offline
Activity: 1456
Merit: 1010
Ad maiora!
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December 23, 2014, 12:34:07 PM |
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Welp, if btc is going to be around in 20 years it will for sure be worth a fortune each, but 5 years is looking iffy these days. The lustre has worn off but that could be good for long term. It doesn't need to look faddish and its utility should speak for itself... We'll see. Make sure you can live with 100% loss (double that number if dealing in btc assets)
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