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Can someone explain Bitcoins? I know this kid here who got rich & quit his job all from bitcoins. Its a big thing right now since bitcoins are shattering price records. Seems to be a good time to buy some bitcoin
Panthers' Russell Okung becomes first NFL player to be paid in bitcoin - CBSSports.com
I can't explain but I'm like you...I think its a good time to get in. I see crypto currency as the definite future and coin and paper phasing out
the only trade off is it fluctuates up and down. so just like the stock marker you could loss your ass off over night. their have been a handful of people that have made out like bandits with it thoughQuote:
Originally Posted by BABY1
Ive seen a lot of warnings about staying the hell away from crypto currency as it is a tool of the NWO and their goal to have one world currency. Also, have heard purchasing bitcoin lets them track you, a way to control people. . Many say bitcoin is fools gold. Others will tell you its the greatest thing ever.
"cryptocurrency is how you give them total and insurmountable control over your finances. The more digital your finances the less control you have over them. Once they get enough people dependent on it they'll pull the rug out and itll crash."
It's basically like buying a share of something in the stock market, but it's also a digital currency that you can spend. Like anything else regarding the stock market, it goes up and down. If you buy "x" amount of bitcoin, the dollar value isn't going to remain as the same value you purchased. You could purchase $100 of bitcoin today that might be worth $200 in bitcoin in the next few weeks... Or, you could purchase $100 of bitcoin today that might be worth only $50 in the next few weeks if it drops. I purchased $50 of bitcoin a while back that was worth $52 buy the time I got home. It goes up and down. Right now it's skyrocketing, but for how long? If it plummets and you don't cash out beforehand, just like the stock market you could lose your money.
All crypto is volitile.
It went from $.08 per unit in the very beginning to over $20,000. Even in 2016 it was just a hair over $400 per. Needless to say if you could have gotten in at the beginning with $10K wow you would be rich now. It's trajectory has stalled although it does fluctuate. Now is not the best time to buy in my opinion although who knows. It does not follow most market trends. It could drop by half or soar to double. Probably neither, like I said for the last few months it has been fairly stable.
True, I didn't say I like it, I just think it will be... Im throwing some money in mushroomsQuote:
Originally Posted by guns01
i mean if you have a little extra funds to toss around and you can get in low and then hit the peak you would be golden. i saw yesterday that it was down quite a bit so right now might be a good time. the up and down roller coaster would drive me bat shit crazy thoughQuote:
Originally Posted by BABY1
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Long-term trading is the best way to invest your money. By choosing this type of trading, the trader's priority is not to profit from speculating on price differences but to invest in a rising coin. This is a more reliable option, which will allow earning money if you spend a little patience. You can learn more about how to make money from coins and download mt5 for pc. Invest your money wisely, analyze every coin you want to invest in, and then make more money.Quote:
Originally Posted by WadePrice