OT: Investing - Stocks/Mutual Funds/Bonds/Crypto

[HaroldinGMinor]

Certainly a reasonable position to take, even if "full faith and credit" has lost a little luster lately.

Yes, the US was downgraded by S&P in 2011 from "AAA" to "AA+".

But yes, on the merits the fiat money system in any country is subject to great risk. Many world currencies throughout history have gone extinct during times of political and social turmoil. The US dollar being fiat money is always at risk. So to diversify, land ownership can be a buffer and strong inflationary hedge.

In the end though, land ownership is only upheld by "the government" hence why we see so many commercials for gold. Gold is the only thing that has held some intrinsic value in society for 5,000 years. Something in the human DNA on it. But that too may change.

The human DNA may change???

[M-C-G]

Read on Twitter

LOL

I thought it was a sign to get out when I found out about it, but if NFL players are even in on it, you know its time...

[HurricaneKid]

I opened a couple crypto wallet accounts yesterday just to play around - I have my eye on one of the cheap currencies - but it looks like it's going to take a long time for them to verify me so I can actually put money in. I have some cash in a stock brokerage account that has just been sitting doing nothing, so I might use it to seed my ascension to crypto oligarch.

I did some research on Bitcoin a few years ago for an article I wrote and came close to buying when it was at $10. My big mistake was being open and honest and telling my wife I wanted to put $1000 into it. I had recently lost money on a poker stock (this article was poker-related), so my wife forbade me. Not wanting to sneak around with our finances, I never invested. Oops.

Lesson: don't tell your significant other of your get-rich-quick schemes.

I swear I saw a kid buy a jersey at a store in the BC and for the **** of it paid in BC. It was about 5 years ago. Its quite possible the kid paid $90,000 for that jersey.

I just don't think half of the world's richest people should be that rich because of a currency without intrinsic value. Makes no sense.

I can almost see it more as a replacement of gold. But the valuations are just over the top to me.

[Zeezprah]

bitcoin has been a bad play for awhile now. when something becomes this prevalent/discussed, it's too late.

some of the other cryptos are better bets, but even some of those are a little hot right now.

at least some people who got in late (hopefully) cheap education on it. nothing wrong with losing a little money if you learn something.

[humanrefutation]

The blockchain is struggling to keep up with the transaction ledger: https://blockchain.info/unconfirmed-transactions

[MartyConlonOnTheRun]

bitcoin has been a bad play for awhile now. when something becomes this prevalent/discussed, it's too late.

some of the other cryptos are better bets, but even some of those are a little hot right now.

at least some people who got in late (hopefully) cheap education on it. nothing wrong with losing a little money if you learn something.

My dumb view on all the crypto currencies are that BitCoin is the Ipod back in the day, there are some other decent mp3 players and the rest are the $10 MP3 player your grandmother found at Piggly Wiggly since she can't tell the difference.

[Zeezprah]

bitcoin has been a bad play for awhile now. when something becomes this prevalent/discussed, it's too late.

some of the other cryptos are better bets, but even some of those are a little hot right now.

at least some people who got in late (hopefully) cheap education on it. nothing wrong with losing a little money if you learn something.

My dumb view on all the crypto currencies are that BitCoin is the Ipod back in the day, there are some other decent mp3 players and the rest are the $10 MP3 player your grandmother found at Piggly Wiggly since she can't tell the difference.

just remember it's the underlying tech that's the thing that should be studied. my opinion is that bitcoin is simply what opened pandora's box on this/made the general public finally aware of it.

i agree that most of those other cryptos are junk, but i do think we will see some highs and lows with others.

not sure we're going to see anymore crypto millionaires for awhile though, save for those who strike it big essentially gambling on the peaks and valleys

[MartyConlonOnTheRun]

i tried betting on some Pink Stocks for block chain companies. Wish there was some publicly listed companies you could Robinhood on to bet on the tech.

[SupremeHustle]

i tried betting on some Pink Stocks for block chain companies. Wish there was some publicly listed companies you could Robinhood on to bet on the tech.

Ditto.

[Ron Swanson]

I'm pretty uneducated about crypto currency in general, but this is just another reason why people who claim to know "where to invest" are completely full of ****. It's all just hedging bets.

[M-C-G]

I'm pretty uneducated about crypto currency in general, but this is just another reason why people who claim to know "where to invest" are completely full of ****. It's all just hedging bets.

I do think when it comes to tech, there are some people that are much more in tune with what "COULD be the next big thing". But for every one that was all over this, there were probably 9 other people that bet on something else we've never heard of and never will.

[averageposter]

Or dumb luck, when Litecoins founder pulled out, I did too. Not because I thought here we go the bubbles popped, but I figured people would do the same. I had been intending to move most of it into lesser alt coins. Couldn't decide how to split it up cashed out and held on to ponder it. Litecoin crashed to under $150 early this morning. I dumped it all back in, and its back to 280ish, So I have twice the coins I had at exactly the same value per coin not much more than a day later. And now I'm out again still pondering where to put it lol.

[skones]

Ripple doesn't have the upside on a per coin basis, but they actually have a plan.

Sent from my Pixel 2 XL using RealGM mobile app

[skones]

bitcoin has been a bad play for awhile now. when something becomes this prevalent/discussed, it's too late.

some of the other cryptos are better bets, but even some of those are a little hot right now.

at least some people who got in late (hopefully) cheap education on it. nothing wrong with losing a little money if you learn something.

My dumb view on all the crypto currencies are that BitCoin is the Ipod back in the day, there are some other decent mp3 players and the rest are the $10 MP3 player your grandmother found at Piggly Wiggly since she can't tell the difference.

But what if those 10 dollar mp3 players were way better than that ipod? That's what bitcoin is, people just haven't realized it because of name recognition.



Sent from my Pixel 2 XL using RealGM mobile app

[MartyConlonOnTheRun]

So today's crash was a 20% correction from the peak of 19k?

[MickeyDavis]

I have a buddy trying to talk me into investing in RIOT (Nasdaq).

[Profound23]

This is why you don't put all your eggs in one basket.

One of the altcoins I have went up 40% yesterday.

I sold some at it's peak and bought some others at what may be their trough.

I think we'll soon find find out that the trough is actually a crater.

I sold some bitcoin around 20k to buy altcoins that showed room for growth.
At the time I typed this message Bitcoin was just over 12k. I then sold the altcoin and bought back some of the bitcoin which are now worth 14,300.

This isn't going away guys, just like the Nasdaq you have to learn how to take advantage of it. For those of you saying, once Joe Public is talking about it....it's too late, you're wrong. Once they are talking about it, more and more are investing and it is going to continue to grow. Yes, it will hit a bubble.....but it hasn't done so yet so make it work for you.

[ReasonablySober]

So help someone who is a complete novice. What sites to use, how to get setup. Or point me in the direction of a good starter guide. I've got money I won't lose sleep over if I lose it and I'm curious to play around for a while. Talking trading and not investing.

[Profound23]

So help someone who is a complete novice. What sites to use, how to get setup. Or point me in the direction of a good starter guide. I've got money I won't lose sleep over if I lose it and I'm curious to play around for a while. Talking trading and not investing.

Coinbase is good, another good one is bitstamp (they take forever to verify), Kraken also.

If you use coinbase, use Binance for altcoins. You basically purchase bitcoin (or litecoin or Ethereum) on coinbase, transfer it to Binance, and convert it to whatever altcoins you want. Last get a wallet or a nano (flashdrive) to store it. If you keep it on one of those sites and the site gets hacked it's gone.

There are many youtube videos on how to do this. Don't get discouraged as it's all new in the beginning. Like I said, someone told me about bitcoin years ago and I was talked out of it. Even when I considered it, it seemed so difficult so I gave up. However, I used that time to track it along with the altcoins and have seen some patterns.

[ReasonablySober]

Thanks!