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Are members invested in Bitcoin?

  1. 321Only Oct 31, 2020

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    Out of curiosity, what is the forums view on BTC?
     
    Edited Jan 8, 2021
  2. lexieb007 Oct 31, 2020

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    The whole reason for bitcoin fits with the whole love of watches thing... they are both going up as an alternative to holding cash (that is being devalued my central banks to oblivion)... if the cost of funds is next to zero you can afford another watch..
     
    321Only likes this.
  3. reverbtime Oct 31, 2020

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    For now I am a gold and silver bug. However, I might get into Bitcoin.
     
    sci, Waltesefalcon and 321Only like this.
  4. Spacefruit Prolific Speedmaster Hoarder Oct 31, 2020

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    I am happy to transact in BTC

    For overseas transactions betwen another grown up ? It is fantastic.

    Fast and efficeient, and without bank-drones asking why.

    But you do have to be a grown up, and be ready to take responsibility for your actions and decisions.
     
  5. Dsloan Oct 31, 2020

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    I have about 5% of my taxable account in crypto. But that's only like <1% my net worth... So definitely just a little FOMO gambling, not a serious investment.

    I think it's a pretty binary proposition. Either it goes to the moon (in which case a small position would still have a big impact), or it ends up being worthless. But it looks like some large companies (PayPal) are giving it legitimacy, so it may have momentum for the near future.
     
    thelinendial and 321Only like this.
  6. Spacefruit Prolific Speedmaster Hoarder Oct 31, 2020

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    Is not all currency binary, given time? :)
     
  7. Evitzee Oct 31, 2020

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    I take the Warren Buffet approach. He doesn't invest in anything that he doesn't fully understand.
     
  8. 321Only Oct 31, 2020

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    it might be easier to get around Bitcoin than understanding what some top tier companies are doing. We had Wirecard in Germany just a few months ago
     
  9. BlackTalon This Space for Rent Oct 31, 2020

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    It is not investing -- it is speculating.
     
  10. Walrus Oct 31, 2020

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    I’m a long term holder. Also have eth, ltc and stellar. I don’t think any are prudent investments but I like the possibilities and the concepts
     
    oinkitt and 321Only like this.
  11. redzer007 Oct 31, 2020

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    Im in, not for huge amount. Where I can I'm happy to transact in Crypto. 3 days to go for 100 days above 10k
     
    321Only likes this.
  12. Dsloan Dec 27, 2020

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    I'm up to a 2% position in it. Not enough to make me rich if it goes to $1mm, but enough to eleviate some FOMO.

    I have a friend who puts all their disposable cash into it. They're up like 80% this year. I'm just glad they also max their boring work IRA first.
     
    NGO1 and 321Only like this.
  13. Spacefruit Prolific Speedmaster Hoarder Dec 27, 2020

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    Still Hodling......

    and Stacking....
     
  14. The Father Went out for smokes in ‘78 not seen since Dec 27, 2020

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    Any fear of nefarious entities with the use of hacking and virus insertions making your “wallet” disappear?
     
    Edited Dec 27, 2020
    321Only likes this.
  15. RonJ Dec 27, 2020

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    Interesting reading the posts in this thread.
    I've dabbled in cryptocurrencies a few years ago but stayed out of the market since then.
    Too bad that I missed the big rise in Bitcoin's value.

    The latest thing I'm thinking of buying is a small amount of Monero (XMR).
    It is a cryptocurrency that is more private (less traceable) than some of the others.
    There are pros and cons to this.

    You can learn more about XMR here:
    https://www.investopedia.com/tech/introduction-monero-xmr/

    .
     
  16. 321Only Dec 27, 2020

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    It's volatile and not really comparable with stocks and other assets
    i see you’re a man of culture as well. Keep stacking those sats and hodl on.
     
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  17. Walrus Dec 27, 2020

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    I like converting my meager bitcoin holdings into satoshis, makes it sound like I’m loaded.
     
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  18. 321Only Dec 27, 2020

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    Not really. Wallets cannot be hacked, the person holding the wallet is the weakest point in the chain. Your coins are safe as long as you don’t fall for phishing and share any sensitive information.
    The tech is very save, however there was recently a customer data leak at one of the big wallet providers.
     
    amiriqbal likes this.
  19. Foo2rama Keeps his worms in a ball instead of a can. Dec 27, 2020

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    Tesla, Bitcoin, and Tulips. All things that will continue to rise!!!!
     
  20. asrnj77 Dec 27, 2020

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    Don’t forget stainless steel Rolex models ::rimshot::
     
    wagudc, Revo, Old and Vintage and 3 others like this.