It's a bad idea. It made a lot of people rich, but only because of the perception of wealth. Anytime you have greedy people seeking out successful for no reason, the undisciplined will bring it down.
There is an old 80's movie, "Wallstreet" that was made to tell this warning, but quite ironically the main take away from movie goers was that Gordan Gekko was the hero, when he was intended the bad guy. He made greed look good. When in fact when perverted, is very evil.
The segway here is that when you have people throwing what they think is money, in a bucket, that has no real value that you can trade easily, and then expect riches in return, it's a gimmick. Yes, some are getting lambos, but in reality most will be giving their real money to some unknown group.
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No. I don't trust it, I trust only money that is secured by some country. Just hear what Warren Buffet or Donald Trump say about cryptocurrencies. Warren Buffet said that he don't trust it because it's not something that he can touch. They made fun of him that he is too old for a new business. But now we see that he was right. Elon Musk is very intelligent and he sees that his popularity can make much more money that his Tesla, SpaceX or whatever. He just wrote something on Twitter and the trade will go crazy. And Elon just sell or buy Bitcoins.
Yep, husband bought in years ago.
Unfortunately we lost the bulk of it when there was a hack of an exchange in Japan. But court case is pending. We'll see what happens.
It's highly volatile and the swings up and down don't equate to intrinsic value much now, but is cryptocurrency the future? Without a doubt.
I think a lot of people have made money on it. It’s definitely been good in the short term. Whether it’s a good long term investment, I’m
not entirely sure but it sure does look like something that’s going to stick. I don’t think it’s unwise to consider it as part of your overall investment strategy.
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Tried it 2018. Forgot my password. Never care to retreat it.
unless there is one world govt. system, I don’t see how such currency can be universally accepted. All these speculations are just that with lots of people puttin money in... anyone one can create a currency... there is no regulations. Govt can change laws.
I just invest in tangible stuff for now.My friends and I all have bitcoin. In my opinion, bitcoin and other cryptocurrencies and change lives. I have personally seen my friends go from poverty to middle class within the time period of a few years. If you are not already into bitcoin or cryptocurrency, I would highly suggest getting into it.
No I don't and I think it's a way to lose money to someone because it's not really a whole lot safe. Course you might get lucky and make a lot but it's based on others buying into it and no outside influence.
I just think it's not something that could become part of everyone's lives as banks control this world.I had some and sold them at 10k peak, before transaction fees became a bad joke. Now it's a bubble market where only miners earn money in countries with cheap electricity. It's a "currency" without credits, without places where you can buy something real with BT (it was different few years back), it's just an speculation product.
If you know something about crypto coins, it's worth the investment. I currently invested 100 euros in bitcoin and am at 150 atm.
Know when to invest and when to sell, dont invest for short term but for long term.
It peaks around august-september and december-january depending on the year, layer or sooner. At those times you should sell, in between when it is low you should buy.I was buying bitcoin before it was cool and mainstream, and it’s made me a lot wealthier. I could talk about crypto all day long. It’s funny how the naysayers are still saying it’s a scam lol. How much evidence do they need?
I don't and it isn't something I plan on getting. If the idea behind it was still a currency with universal value. Meaning a single bitcoin is worth a single bitcoin everywhere in the world. I would have gotten several.
I do not. A currency based on an abstract idea that has no oversight and does not belong to any particular government or country is a recipe for fraud.
Got into trading Crypto this year. Love it. Biden is trying to tax you at the ass tho. If it passes (don't think it will) it won't take effect till 2023. So now's the time if you're gonna
I'm in favor of decentralized currency being the new way. Fuck these Bitcoin rules they're trying to come out with. The government just don't want you to have something they can't control or tax!
No.. I do not. It just strikes me like stocks and shares that you can't really touch. But I haven't looked into it.
I do and I've recently changed my mind about it. It's going to be at 100k by years end I'm almost certain.
I'm actually doing training for other people in my country about how to trade Bitcoin and other crypto.Yeah, and a few others. All I think about it is that I’m making money from it. The people who don’t trust it because it isn’t government controlled or who say that it’s for criminals are idiots. The government is filled with crooks.
I hear about it but it sounds silly if you ask me and people should be more smarter than being fooled by couple of criminals controlling these things to steal people’s money.
I don't have enough sound knowledge about cryptocurrencies to make a responsible decision to buy 'em.
So far no, I have not bought any cryptocurrency. Personally I don't see the need for it myself.
Yes.
I think it's excellent. The problem is the legacy financial establishment trying to control it. Fundamentally, it's good for people, but of course the government is going to put the squeeze on it in order to maintain control.I bought a bunch of ETH last year when it was at at $131. It’s now at $3082. More than 23x gain. Not bad for a silly scam.
i don't know much about it and still trying to figure out the point of it. for a regular person, i don't think it's worth it.
I'm immune to greed.
And still have a comfortable enough life :)
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