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Title: bitcoin Post by: dolphins4life on July 16, 2019, 07:16:28 pm I bought $20 of Bitcoin last year. Of course it has tanked.
However, I know Amazon and Tesla didn't start out so well. Do you think Bitcoin will go up? Title: Re: bitcoin Post by: Tenshot13 on July 16, 2019, 07:34:22 pm Yes, I believe at least 30k by the end year. I've done pretty well with crypto. It's very volatile, so it's a lot like gambling, but there is a steady, underlying growth beneath all the price manipulation.
Title: Re: bitcoin Post by: MyGodWearsAHoodie on July 16, 2019, 07:40:04 pm short term it may go up it may go down
long term it will be worthless, it is nothing more than a Ponzi scheme. Title: Re: bitcoin Post by: BuccaneerBrad on July 16, 2019, 07:41:40 pm short term it may go up it may go down long term it will be worthless, it is nothing more than a Ponzi scheme. I doubt that. Cryptocurrency will always be around as long as the dark web is around Title: Re: bitcoin Post by: Tenshot13 on July 16, 2019, 08:45:48 pm short term it may go up it may go down Why do you say this? Have you done research? Do you know what it really is?long term it will be worthless, it is nothing more than a Ponzi scheme. Title: Re: bitcoin Post by: dolphins4life on July 17, 2019, 12:05:55 pm Yes, I believe at least 30k by the end year. I've done pretty well with crypto. It's very volatile, so it's a lot like gambling, but there is a steady, underlying growth beneath all the price manipulation. What Crypto did you buy? You can't have done well with bitcoin. It has only gone down since I bought it. It was a very low risk thing, since it was $20 for 177 shares Title: Re: bitcoin Post by: Dave Gray on July 17, 2019, 12:25:59 pm it is nothing more than a Ponzi scheme. I can see why you might not think that it will have long term value, but how is it a ponzi scheme? It's not like the wealth trickles or anything like that. There is no ladder. Title: Re: bitcoin Post by: Tenshot13 on July 17, 2019, 01:50:33 pm What Crypto did you buy? You can't have done well with bitcoin. It has only gone down since I bought it. It was a very low risk thing, since it was $20 for 177 shares I've researched trading more than a person should honestly. I did well with XRP and TRON back during the last bull run when bitcoin was 20k. I've learned to swing trade, getting in and out of a stock or coin over a period of time, learning trends, avoiding or capitalizing on manipulation when it occurs. I've dabbled in margin trading and shorting bitcoin. There are a lot of ways (very risky ways) to make money off crypto other than just holding it. I've also lost a lot of money when I was more ignorant on it too, I've had my ups and downs. Title: Re: bitcoin Post by: Phishfan on July 17, 2019, 05:06:31 pm Fuck crypto.
Title: Re: bitcoin Post by: Tenshot13 on July 17, 2019, 05:50:45 pm Fuck crypto. Care to elaborate? I understand people not trusting it and everything, I wouldn't try to convince anyone to buy it, just curious.Title: Re: bitcoin Post by: Spider-Dan on July 18, 2019, 02:51:03 am You can't have done well with bitcoin. It has only gone down since I bought it. It was a very low risk thing, since it was $20 for 177 shares No part of this sentence makes sense.Did you buy stock in some company that has something to do with Bitcoin? Or did you purchase actual Bitcoin? Bitcoin is a currency and does not have "shares." The lowest Bitcoin price in 2018 was about $3200 for one Bitcoin. Not one "share" of Bitcoin, 1 Bitcoin. At that price, $20 would have gotten you a cool 0.006 (six one-thousandths) of a Bitcoin. |