Bitcoin... legit or bullshit?
Posted 16 October 2017 - 04:56 AM
it can go up or down. Do be carefull!
My father in law brought some for NZ$400 each quite some time back and sold 2 for NZ$15K recently.
That's some profit margin. I think the time to make some money has been and gone.if you haven't got in on it yet I don't see you making enough to risk it
Posted 16 October 2017 - 12:53 PM
I got a few quids worth in 2011, just after it hit $1. Values bounce around a lot today it's sat at $5741, tomorrow it could be worth half that....or nothing. Within the next 10 years $10000 is not unthinkable.
Other crypto currencies are worth keeping an eye on. With the legalisation of weed in the US but banks not able to handle cash from dispensaries....... potcoin can only go up...
Posted 17 October 2017 - 10:58 AM
It's a minefield, Consider loading up on Ethers (Ethereum) instead. It has a lower price entry so at least if you buy some it looks like you actually hold something. ie if you buy $1000 of bitcoin you will own 0.1785714 of a coin. That being said your investment still moves basis the percentage swing so it does not really matter. Bitcoin or Ethers are your best base currencies. Once you hold those you can buy into other crypto currencies.
Getting the account set up is a bit of a ball ache ! fwiw I buy my bitcoins from Bitstamp and i trade my tokens via Bittrex.
As said above it's a very whippy market, but for sure you can make some good cash. Only invest what you can afford to lose.
I recommend buying some "Ripples" and "Mysterium"
Posted 17 October 2017 - 12:10 PM
Posted 17 September 2020 - 12:06 PM
I buy and sell cryptocurrencies, while I make a profit. It is a good and volatile trading tool. I use the https://bitniex.com/exchange exchange because the fees are really low https://bitniex.com/fees here. What cryptocurrencies do you have and do you use cryptocurrency exchanges?
Edited by Seigdes, 19 September 2020 - 07:14 AM.