OT any of you investing in Cryptocurrencies?

E-Balla · Post #61 » by **E-Balla** » Wed Jan 3, 2018 4:00 am

NY2TheBay wrote:
E-Balla wrote:
NY2TheBay wrote:
Hahaha no. Lever does not mean leveling. But, I like your speculation in a 401k. Props.

Now I need to get hip so something what does it mean to lever my portfolio? Never even heard that before that's why I assumed you meant level.

https://www.investopedia.com/articles/investing-strategy/062216/leverage-it-good-your-portfolio.asp

This is where people can lose their pants or get rich and get crazy returns. If you know the market very well, and want to play with fire, you’ll use leverage to get big returns. Some that I work amongst do this. In the industry we call it lever, short for leverage. This can have you retiring early or working an extra 10 years.

I might think of doing that. I wish I knew about it when I started investing. I just got lucky as hell honestly. With a little advice and knowledge of the industry I'm in I struck gold.

RHODEY · Post #62 » by **RHODEY** » Wed Jan 3, 2018 4:02 am

brooklynbrawler wrote:Raiblocks, Stellar, and Request Network are my big 3. I made good off of Ripple, but truthfully, I don't believe in the product and have sold off. My next bets are probably going to be on NEO and IGNIS. Ethereum is also a safe bet imo.

Nice picks. I came up on NEO and its still a good buy IMO... For under the radar coins I like VIBEHUB...VR will be huge and they already have major partnerships in place as well as active products.

fatalogic · Post #63 » by **fatalogic** » Wed Jan 3, 2018 4:12 am

I think alts get a bad rap. I mean don’t sink crazy money in them but if you put a small amount your willing to risk and view them as short turn around trades you should be fine. Do research be patient. With any investment I never worry about getting in at the absolute bottom or selling at the absolute top. Swinging for home run trades every time will get you crushed

Sent from my iPhone using RealGM Forums

Mecca · Post #64 » by **Mecca** » Wed Jan 3, 2018 4:14 am

E-Balla wrote:
Mecca wrote:
E-Balla wrote:I started with 3k in stocks, 2k in different types of crypto, and the miner I got ran me 2.5k. Now I'm at 4.8k in stocks, 5k in crypto, and I haven't profited off the miner yet but by next April or May I would have.

And this is the age to invest. Don't have a family or health expenses yet so I need to get it now. Got a house, 401k with a match, and tons of investments. Make your money work for you its the easiest way to be a millionaire and retire early (even if I still gotta put in 30 years). 7 years from now when I'm 30 I won't have all this extra income to blow.

You right fam. Good looks on the free game.

Forreal man. Look into every opportunity and GET SOME PROPERTY. Like seriously property is where its really at.

My g, I got like 100k of student debt, and can barely afford my almond milk and phone bill.

I see you read Rich Dad Poor Dad though, because that's that knowledge.

E-Balla · Post #65 » by **E-Balla** » Wed Jan 3, 2018 4:57 am

Mecca wrote:
E-Balla wrote:
Mecca wrote:
You right fam. Good looks on the free game.

Forreal man. Look into every opportunity and GET SOME PROPERTY. Like seriously property is where its really at.

My g, I got like 100k of student debt, and can barely afford my almond milk and phone bill.

I see you read Rich Dad Poor Dad though, because that's that knowledge.

100k? Sheesh I thought my 40k was bad.

Da_Mane_Man · Post #66 » by **Da_Mane_Man** » Wed Jan 3, 2018 6:06 am

E-Balla wrote:
Mecca wrote:
E-Balla wrote:I started with 3k in stocks, 2k in different types of crypto, and the miner I got ran me 2.5k. Now I'm at 4.8k in stocks, 5k in crypto, and I haven't profited off the miner yet but by next April or May I would have.

And this is the age to invest. Don't have a family or health expenses yet so I need to get it now. Got a house, 401k with a match, and tons of investments. Make your money work for you its the easiest way to be a millionaire and retire early (even if I still gotta put in 30 years). 7 years from now when I'm 30 I won't have all this extra income to blow.

You right fam. Good looks on the free game.

Forreal man. Look into every opportunity and GET SOME PROPERTY. Like seriously property is where its really at.

idk man, this video is pretty interesting. what happens to property values when we can just have 3d printers make a house in a day?

Watch on YouTube

earthmansurfer · Post #67 » by **earthmansurfer** » Wed Jan 3, 2018 9:38 am

RHODEY wrote:I took the plunge last July and tripled my investments. 2018 seems like it will be a HUGE year...

Since early 2013 and I've dropped hints here and on the other board. No one took it serious...
But now they are. 8-)

earthmansurfer · Post #68 » by **earthmansurfer** » Wed Jan 3, 2018 9:51 am

SmoothLefty21 wrote:I have been involved for a while, both mining and investing, and it's silly how much money you can make on this stuff if you know what you're doing. I own BTC, BCH, LTC, ADA, XRP and IOTA at the moment am looking at additional cheap/new coins for 2018.

Cardano/ADA and Ripple/XRP are the two coins I'm thinking/hoping will blow up in 2018, and Segwit2x which is my Hail Mary.

Add WTC, ICON, Pivx, XRB, POWR, EOS and NEO.

You can throw darts at crypto and succeed but as Bitcoin goes higher (25-50k this year) you are going to see the shiz alts crumble. (Your picks are good imo though.)

You guys can watch the market caps here:
https://coinmarketcap.com/

Some great Youtubers include:
https://www.youtube.com/channel/UC4nXWTjZqK4bv7feoRntSog/videos
https://www.youtube.com/user/obham001/videos
https://www.youtube.com/channel/UC4gOL3aNl67bIU7U9QVrYJw/videos
https://www.youtube.com/channel/UCNn9181Du0SOhEtfy7tXmIA/videos
https://www.youtube.com/channel/UCueLJ4vLHTwMpYILmdBjRlg/videos

earthmansurfer · Post #69 » by **earthmansurfer** » Wed Jan 3, 2018 10:08 am

SmoothLefty21 wrote:
CharlesOakley wrote:I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

It's all gambling. The stock market is gambling. This is no different.

I think you need to look at what crypto's are. Bitcoin came about due to a corrupt banking system. Notice its inception date of 2009 (and remember 2008), and look in the first block, Satoshi put in there the banking problems. Central Bank created in secrecy in 1913, what happened the next year?

Gambling? That would be our bond market and current financial system. A limited money that is apolitical, that is a revolution. When you can't just print money, that makes starting unjust wars quite a bit more difficult.

But I guess you can gamble with anything as Crypto is extremely volatile.

Bitcoin SAVED Wikileaks and turned them into an extremely well funded organization. This is Bitcoin

Read on Twitter

BadNewsBarnes · Post #70 » by **BadNewsBarnes** » Wed Jan 3, 2018 1:16 pm

SmoothLefty21 wrote:
CharlesOakley wrote:I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

It's all gambling. The stock market is gambling. This is no different.

If you don't know what you're doing and just throwing darts at which equities to invest in, the stock market is gambling. However, if you have a plan of attack....if you are trading and able to read charts....and not investing...it's not gambling then.

The cryptos are not really part of the stock market yet. The cryptos are based on nothing just like the fiat currencies. Bitcoin has been moving up based only on high volatility and sentiment. They will be here to stay, however, governments are trying to gain control of cryptos and/or create their own cryptos and that's where the concerns of corruption lie. I would only short term cryptos for now IMHO. One strategy is to buy BitCoin on dips and instead of selling off on profits, buy stuff.

spree8 · Post #71 » by **spree8** » Wed Jan 3, 2018 1:31 pm

Invest in gold.

RHODEY · Post #72 » by **RHODEY** » Wed Jan 3, 2018 2:53 pm

BadNewsBarnes wrote:
SmoothLefty21 wrote:
CharlesOakley wrote:I like how you guys call it "investing". I'm a former professional poker player and forex trader. I know gambling when I see it.

It's all gambling. The stock market is gambling. This is no different.

If you don't know what you're doing and just throwing darts at which equities to invest in, the stock market is gambling. However, if you have a plan of attack....if you are trading and able to read charts....and not investing...it's not gambling then.

The cryptos are not really part of the stock market yet. The cryptos are based on nothing just like the fiat currencies. Bitcoin has been moving up based only on high volatility and sentiment. They will be here to stay, however, governments are trying to gain control of cryptos and/or create their own cryptos and that's where the concerns of corruption lie. I would only short term cryptos for now IMHO. One strategy is to buy BitCoin on dips and instead of selling off on profits, buy stuff.

Many cryptos are based on block chain technologies. The Block chain isn't going anywhere and institutional money in starting to come in. Some of these crptos have real world use case application. IMO this is the future.

Post #73 » by **GONYK** » Wed Jan 3, 2018 4:12 pm

RHODEY wrote:
BadNewsBarnes wrote:
SmoothLefty21 wrote:
It's all gambling. The stock market is gambling. This is no different.

If you don't know what you're doing and just throwing darts at which equities to invest in, the stock market is gambling. However, if you have a plan of attack....if you are trading and able to read charts....and not investing...it's not gambling then.

The cryptos are not really part of the stock market yet. The cryptos are based on nothing just like the fiat currencies. Bitcoin has been moving up based only on high volatility and sentiment. They will be here to stay, however, governments are trying to gain control of cryptos and/or create their own cryptos and that's where the concerns of corruption lie. I would only short term cryptos for now IMHO. One strategy is to buy BitCoin on dips and instead of selling off on profits, buy stuff.

Many cryptos are based on block chain technologies. The Block chain isn't going anywhere and institutional money in starting to come in. Some of these crptos have real world use case application. IMO this is the future.

It sounds like investing in blockchain would make more sense then.

What are the real world applications for a currency that's unregulated and anonymous?

ITGM · Post #74 » by **ITGM** » Wed Jan 3, 2018 4:25 pm

If you lost money with cryptocurrencies, you're probably a noob who FOMO'd in on a rally and didn't HODL. Buy low and sell high people.

earthmansurfer · Post #75 » by **earthmansurfer** » Wed Jan 3, 2018 7:04 pm

spree8 wrote:Invest in gold.

Gold has been heavily naked short sold (on and off) for years. Has been a part of the strong dollar policy for decades. (Destroying the inflation / gold relationship. Check out Gata.org for the compelling evidence. In summary though, bullion banks "leased" most of our gold out. Anyway, I do think gold is going to be let go in the next year or so, same as silver (which I like more.)

https://99bitcoins.com/bitcoin-gold-usd/

BKAY · Post #76 » by **BKAY** » Wed Jan 3, 2018 7:43 pm

NEO is that 2018 play.

BKAY · Post #77 » by **BKAY** » Wed Jan 3, 2018 7:46 pm

......

^My portfolio right now. BTC/ LTC/ ETH dominant with BTC dominance among those three

Currently trying to ride XVG to around 1100-1200 satoshi

Post #78 » by **j4remi** » Wed Jan 3, 2018 8:08 pm

BKAY wrote:NEO is that 2018 play.

Tell me more!

BKAY · Post #79 » by **BKAY** » Wed Jan 3, 2018 8:49 pm

j4remi wrote:
BKAY wrote:NEO is that 2018 play.

Tell me more!

Just think its undervalued at the 11th spot market cap wise. Its got its own platform. Its working with the Chinese govt, when China's market opens back up for crypto they are going to take a nice chunk. As always, DYOR and dont take financial advice from strangers on the internet.

RHODEY · Post #80 » by **RHODEY** » Wed Jan 3, 2018 8:54 pm

BKAY wrote:
j4remi wrote:
BKAY wrote:NEO is that 2018 play.

Tell me more!

Just think its undervalued at the 11th spot market cap wise. Its got its own platform. Its working with the Chinese govt, when China's market opens back up for crypto they are going to take a nice chunk. As always, DYOR and dont take financial advice from strangers on the internet.

Yep I think it's easily got ethereum potential and it's 1/9 of the price.