Investing in Bitcoin?

Discussion in 'The Guru's Pub' started by Brasky, May 18, 2017.

  1. Brasky

    Brasky Ancient Guru

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    Well, I've got a few friends that are looking at investing in Bitcoin and I was wondering if anyone here had some experience using them as a currency or even what service you would use or recommend. I have absolutely no idea how it works:stewpid: but now there are several competing currencies as well. Thoughts would be appreciated.
     
  2. sdamaged99

    sdamaged99 Ancient Guru

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    I can't see how its profitable now at $1500 plus per coin

    Ethereum is probably a better idea imo.

    Surely its about how much you can afford to purchase

    How many Bitcoins can your friend afford at the above price, compared to around $90 per eth
     
  3. sverek

    sverek Ancient Guru

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    Eh....

    Invest in something you can trust and support.
    Bitcoin is unstable like elementary school girl. Might as well lose it value due to security breach, exploit or whatever.
    If you really into bitcoin, consider investing into hardware to mine it. Might be able to switch to other cryptcurrency and mine it, if bitcoin not appealing anymore.
     
  4. No1True

    No1True Member Guru

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    Its at 1500 per coin? Holly sht cant believe. I remember the hype train when it was at 800. Everyone knew its the summit and only hypers who want to sell it tried to sound like its going to go up.

    So.. how in the hell did that risen to 1500?? Anyone has any ideas??
     

  5. RandomDriverDev

    RandomDriverDev Banned

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    jesus... i really dropped the ball on bitcoin...
     
  6. sverek

    sverek Ancient Guru

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    I don't know. Shady business, drug dealers, killers... they all love their anonymity. Cryptocurrency does damn good job at covering their asses with payments.
    Guess how WannaCrypt "hackers" want to get paid?

    Demand and Supply.
     
  7. Brasky

    Brasky Ancient Guru

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    He saw a presentation or something where it was "projected" to hit 500,000$ a coin at some point. I personally don't think that would be possible, but he wants to buy 10 or 20 of them. I was also looking at kraken and they have several other cryptocurrencies that seem more reasonable and worth the speculation.
     
  8. sdamaged99

    sdamaged99 Ancient Guru

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    500k per coin?

    maybe in 2050!
     
  9. Brasky

    Brasky Ancient Guru

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    I'll still be around in 30 years! (fingers crossed) So that doesn't sound that bad, but i'm still skeptical. I guess it would be worth the gamble.
     
  10. scatman839

    scatman839 Ancient Guru

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    Too little too late haha. Like everyone you should have invested years ago
     

  11. bobdude

    bobdude Ancient Guru

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    i invested when it was 500 coin
     
  12. Brasky

    Brasky Ancient Guru

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  13. Noisiv

    Noisiv Ancient Guru

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    yes haha

    it has gone over $2400
     
  14. Fox2232

    Fox2232 Ancient Guru

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    There are estimates that it may get up to $10k in value. While that's potentially 4x investment, there is change of crash to absolute 0 too.

    At rate it is climbing now, I would not touch it. I rather have no gain than to let entire investment burn.
     
  15. airbud7

    airbud7 Ancient Guru

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    Any y'all remember the guy that threw out an old hard drive worth millions of bitcoins?
     

  16. Noisiv

    Noisiv Ancient Guru

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    Bitcoin is still the ONLY go-to crypto currency which has managed to brake the confines of crypto-world.

    10k has always been my long term target. Which is just my uneducated guess based on BTCs crypto-monopoly status and its total market cap.

    I have no idea how long it will take, but I have very little doubts it will get to those levels eventually.
     
  17. Noisiv

    Noisiv Ancient Guru

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    mmm... something similar happened to me.
    something like 30% of total BTC mined is missing, if I remember correctly
     
  18. airbud7

    airbud7 Ancient Guru

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    Oh No!...sure hope you find it in a backup somewhere...
     
  19. Noisiv

    Noisiv Ancient Guru

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    LOL no its' gone forever. Something like 40 BTC. Mined in the very early stage.
    I simply forgot about the whole BTC thing, and just formatted the whole disk :banana:

    [​IMG]
     
  20. airbud7

    airbud7 Ancient Guru

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    Found it for you/ Lol...>https://bitcointalk.org/index.php?topic=1797631.0
     

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