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Bitcoin - anyone got the scoop?

Posted on 7/19/16 at 3:05 pm
Posted by MorgusTheMagnificent
Louisiana
Member since Dec 2014
1860 posts
Posted on 7/19/16 at 3:05 pm
Came across a YouTube video about Bitcoin.. It really is interesting stuff. I admit I don't fully grasp the execution of how it works, but I am able to follow it enough that it seems like a legit currency.

Anyone here know anything about it.. Is there a way to invest in it?
Posted by iAmBatman
The Batcave
Member since Mar 2011
12382 posts
Posted on 7/19/16 at 3:08 pm to
quote:

legit currency


Posted by castorinho
13623 posts
Member since Nov 2010
82066 posts
Posted on 7/19/16 at 3:23 pm to
Email wikitiger@yahoo.com
Posted by OnTheBrink
TN
Member since Mar 2012
5418 posts
Posted on 7/19/16 at 3:31 pm to
It is protected by the laws of the universe. All you need to know.
Posted by rocket31
Member since Jan 2008
41819 posts
Posted on 7/19/16 at 4:08 pm to
let me guess, youre a baby boomer
Posted by geaux.home
North Shore
Member since Jan 2012
2666 posts
Posted on 7/19/16 at 5:54 pm to
quote:

I admit I don't fully grasp the execution of how it works, but I am able to follow it enough that it seems like a legit currency.


I'm not trying to come off negative at all, please know this, but if you can't grasp the actual execution how can you draw the conclusion that it is legitimate?

If you can't grasp it then don't put your earned money in this, my man.
Posted by notiger1997
Metairie
Member since May 2009
58292 posts
Posted on 7/19/16 at 7:18 pm to
Posted by notsince98
KC, MO
Member since Oct 2012
18097 posts
Posted on 7/20/16 at 8:25 am to
people have had their bitcoin investments disappear into thin air. It is all electronic. You have nothing to stand on when this happens. It is a flawed product but the next version should be much more viable and refined.
Posted by RussianFromLSU
Baton Rouge, LA
Member since Nov 2014
192 posts
Posted on 7/20/16 at 4:10 pm to
I love Bitcoin.

I've had an account at Coinbase for the past 2 years. Every Wednesday I have it setup to auto purchase $50 worth of BTC.

I checked out the stats the other day and I'm up a ton so I cant complain ;)

Decent way to auto invest and I would suggest keeping a small amount of your portfolio in BTC. If you dont know anything about it, I would suggest learning more before putting any of your $ into it.

Cheers and best of luck. You can PM me if you would like help.
This post was edited on 7/20/16 at 4:13 pm
Posted by Pankins
Flahrida
Member since Oct 2010
1191 posts
Posted on 7/20/16 at 8:12 pm to
High potential upside, with risk. Obviously, don't risk what you can't afford to lose.

There are active boards you can search on Reddit that will answer your beginner questions in more detail. Some useful youtube videos out there, too.

I own a little and see it as a long term buy and hold.
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