- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Bitcoin Investing
Posted on 3/22/14 at 8:53 pm
Posted on 3/22/14 at 8:53 pm
I'm not really up to speed. Is this just a fad/gimmick or legit for investing? If I wanted to invest $1,000 worth, where do you go to purchase and what does the upside look like? Is it a very liquid asset? Someone enlighten me please. 
10
Posted on 3/22/14 at 9:00 pm to BeerCity
Posted on 3/22/14 at 9:19 pm to Venelar
Have I opened a can of worms? 
Posted on 3/22/14 at 9:24 pm to BeerCity
shite man
I suggest staying out. Don't buy the fancy tulip because everyone else is
I suggest staying out. Don't buy the fancy tulip because everyone else is
Posted on 3/22/14 at 9:51 pm to BeerCity
The word you are looking for isn't investing.
It's gambling.
That's about the best way to sum it up.
If anything the time to buy to make money has passed.
It's gambling.
That's about the best way to sum it up.
If anything the time to buy to make money has passed.
This post was edited on 3/22/14 at 9:52 pm
Posted on 3/22/14 at 9:58 pm to Volvagia
Thanks. I just read an article from a guy talking about how it was going to completely revolutionize monetary exchange now that all of the Western central banks are just printing worthless fiat money now. He said the global meltdown is coming and will be unprecedented. He thinks bitcoin will be the savior.
Posted on 3/22/14 at 10:03 pm to BeerCity
Sounds like the shite my buddy has been spewing for 3 years. And here we are, as per usual.
That said, I do own 3+ btc "in case".
That said, I do own 3+ btc "in case".
Posted on 3/22/14 at 11:13 pm to BeerCity
quote:
Is this just a fad/gimmick or legit for investing?
Neither. It's a ponzi scheme.
Posted on 3/23/14 at 12:34 am to TigerDeBaiter
@ OP quote:
Neither. It's a ponzi scheme.
Posted on 3/23/14 at 11:51 am to Volvagia
quote:
The word you are looking for isn't investing.
It's gambling.
Posted on 3/23/14 at 1:01 pm to BeerCity
You still have time to put $1,000 on Mercer +8.5. They are going to beat Tennessee straight up.
Posted on 3/23/14 at 1:45 pm to anc
How do I sell bitcoin? My brother sent me some fractional bitcoins and I would like to cash out my 100$ so I can invest in things worthwhile like strippers and blow
Posted on 3/23/14 at 1:51 pm to BeerCity
quote:I'm following you...
Bitcoin
quote:You just lost me.
Investing
Posted on 3/23/14 at 4:26 pm to jeepfreak
So I'm taking this as a NO.
Posted on 3/23/14 at 4:52 pm to BeerCity
Basically it's another form of money that has gotten some acceptance. The value skyrocketed mostly because more people use it but it's still too volatile to be an investment vehicle, like others said it's basically gambling just like holding any currency except it fluctuates much more wildly than the euro. But you can use it to buy stuff.
Because bitcoin transactions are supposedly untraceable, it's most popular for people who for whatever reason (legitimate or not) want to do business without being tracked.
I have to laugh at those "fiat money" guys who think it's all going to hell next year. People have been saying that for decades now. And even if it does happen most people don't store their assets in dollars anyway, they use other stuff like stocks, bonds, real estate, etc.
Because bitcoin transactions are supposedly untraceable, it's most popular for people who for whatever reason (legitimate or not) want to do business without being tracked.
I have to laugh at those "fiat money" guys who think it's all going to hell next year. People have been saying that for decades now. And even if it does happen most people don't store their assets in dollars anyway, they use other stuff like stocks, bonds, real estate, etc.
Posted on 3/23/14 at 8:00 pm to BeerCity
Posted on 3/23/14 at 8:31 pm to foshizzle
Have Bitcoins been around for a decade?
Posted on 3/24/14 at 7:20 am to BeerCity
quote:
Bitcoin Investing
Posted on 3/24/14 at 1:52 pm to BeerCity
I wouldn't call it investing but if you want to get your feet wet in the crypto world there is nothing wrong with that. Just don't spend money that you aren't ready and willing to lose.
What I would recommend is diversifying in a few various cryptos. Maybe go in and buy a mix of bitcoin, litecoin, dogecoin, darkcoin, and heavycoin. Bitcoin and litecoin being the more "stable" coins (if you could call it that...they really aren't stable at all) and dogecoin, darkcoin, and heavycoin being the wildcards that have higher potential upside and are still cheap enough that if they ever did catch on big you could hit it big.
Just treat these purchases the same way you would putting money on the craps table and you'll be fine.
What I would recommend is diversifying in a few various cryptos. Maybe go in and buy a mix of bitcoin, litecoin, dogecoin, darkcoin, and heavycoin. Bitcoin and litecoin being the more "stable" coins (if you could call it that...they really aren't stable at all) and dogecoin, darkcoin, and heavycoin being the wildcards that have higher potential upside and are still cheap enough that if they ever did catch on big you could hit it big.
Just treat these purchases the same way you would putting money on the craps table and you'll be fine.
Posted on 3/24/14 at 1:54 pm to anc
quote:
anc
Solid tip on Mercer.
Page 1 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News