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Bitcoin or Blockchain - has anyone invested in it?


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5 hours ago, 2talltim said:

@SWing'R is the man I'd ask. He's been dabbling for little bit. Maybe this tag will summons him. 

I have received your summons lol. I have a little bit invested in Bitcoin, around $500 current value,

and a little less in XRP/Ripple, around $134 current value.

I use two different exchanges/services, Coinbase and Binance...

http://davidrosso.com/coinbase/

http://davidrosso.com/binance/

My only advice is don't invest more than you are willing to lose, treat it like gambling or the lottery.

I've made money and lost money with it so far.

 

 

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I'm probably not going to invest in any of the actual currency.  I've watched Bitcoin for awhile and just never felt confident at any entry point.

Block chain tech is on the other hand has me interested.  The ETFs I mentioned just started last week.  They have potential to grow a lot over the next few years... probably not nearly as much as Bitcoin has but you never know.

I just threw some dollars at BLCN.  I plan to leave it for a few years and see what happens :dunno:

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7 hours ago, vf1000ride said:

I've never won the lottery and suck at the casino so I have no plans to risk my own money for speculative buying in crypto currency.

Lol, well, you know what they say about the lottery... you can't win if you don't play ;)

I want to buy some more Ripple/XRP since its affordable, maybe sit on 500 or so coin, I currently have 100, and just let it ride for a few years and hope for something to happen with it like Bitcoin did :)

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don't be idiots.  you're giving them real money for fake money.  it's not insured.   its been targeted by criminals several times already with people losing all of it.  and if you believe governments wont crack down on it for taxes etc you're crazy.  

I'd advise you guys to read about Mt.Gox

Edited by serpentracer
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2 hours ago, serpentracer said:

don't be idiots.  you're giving them real money for fake money.  it's not insured.   

See my comment about the lottery ;)

Gamble. Yes.

Potential for profits. Yes.

Potential for loss. Yes.

All the buying, selling, trading I'm doing right now is with profits I've already made ;) 

Once I'm ready to hold on to what I have, I plan on keeping it in cold storage offline, away from hackers reach.

 

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5 hours ago, serpentracer said:

don't be idiots.  you're giving them real money for fake money.  it's not insured.   its been targeted by criminals several times already with people losing all of it.  and if you believe governments wont crack down on it for taxes etc you're crazy.  

I'd advise you guys to read about Mt.Gox

You really don’t understand the technology but yes if you’re leaving it on exchanges you run the risk of the exchange being hacked and losing your coins. 

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2 hours ago, OSUYZFR1 said:

You really don’t understand the technology but yes if you’re leaving it on exchanges you run the risk of the exchange being hacked and losing your coins. 

You guys are hung up on the false promis your little $500 will turn into millions.  Its not gonna happen.  Governments and banks are all over it already.  Russia's gov is building the largest mining center in existence as we speak.  Its all going to be regulated soon.  Aka taxed

Edited by serpentracer
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21 minutes ago, serpentracer said:

You guys are hung up on the false promis your little $500 will turn into millions.  Its not gonna happen.  Governments and banks are all over it already.  Russia's gov is building the largest mining center in existence as we speak.  Its all going to be regulated soon.  Aka taxed

The more you post it’s clear you have no idea how blockchain works but keep it up it’s good entertainment. i’m really not concerned about paying taxes either. If you had a clue you would already know that once you turn crypto back into fiat it can be linked back to you. Coinbase is already reporting on people that have pulled more than 20k back into fiat. Regulation goes against the whole reason it was developed and why it’s coded so that it can be trusted without regulation. 

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On 1/28/2018 at 6:02 PM, serpentracer said:

 

Read that they (Coincheck) are repaying most of it back to their users. 

Something they probably don't have to do, we all know and accept that there is risk involved. 

 

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