https://www.bloombergquint.com/marke...osses-reach-80
Is everyone still holding it?
https://www.bloombergquint.com/marke...osses-reach-80
Is everyone still holding it?
The last paragraph summed it all up. I think very few tied much in it, I hesitate to call it an investment
I'll remind You that You're currently logged onto BBC™... With that being typed..
They all sold it before the crash and made between 30%-48%..
Still sitting on some that I never planned to take out.. I’m still playing for free .. have lost more on scratch tickets lol
Monopoly money.
Lol!Originally Posted by LewStulePH.D.
I'll remind You that You're currently logged onto BBC™... With that being typed..
They all sold it before the crash and made between 30%-48%..
I'm still holding mine. Didn't invest more than I was willing to lose, still think that some of them will be used in the future. Not sure if we will see another run up like we did last year, but I don't think it's dead either.
ETH was close to 1400 and now is 185-only had two shares -never got out -oh well waiting fir it to go back up again ��
They bought the new crypto currency, the Ponzi. Its value rises as new P.T. Barnums are found. Greed is a terrible thing.
And just think, some people worried about the US dollar not being backed by "anything" i.e. gold etc. Except for the full faith and credit of the U. S. Government and its economy.
And then...Cryptocurrencies were backed by ???? Some computer program that someone spent a lot of time and money on solving some problem who was then given some "coins"????????
I avoided a number of investment tragedies over the years by simply using Warren Buffet's rule. "If I don't fully understand it, I don't invest in it". He missed Apple and other tech stocks, but still did pretty well.
I don't doubt that something will, someday, replace the US Dollar as the International Store of Value...but I want to understand it first.
Most lost their ass on it. It does give hope for those still holding Confederate money though.
Wonder how many have Huge Credit Card bills from buying using them. I know some that did and are in deep trouble. Tried to tell them but I am a dumb old man.
I only put in what I was comfortable losing. Same as only take as much money to the casino as you are comfortable losing. I made a very large profit around January. I'll admit I was greedy and left it in thinking it would continue to go up some more. Since then it has just steadily went down, so I am just holing on. I think some will go back up eventually.
There seems to be a lot of resistance in the United States, but over in Asia, it is becoming much more accepted. There's still a lot of people that don't even know about it much less understand it. Some of the big investment firms are starting to look at investing in it. Personally, I think in the next couple years, there are some coins that are going to make it and still make some people a lot of money. I think there are A LOT of coins that are going to just fade away and never be heard from again and A LOT of people are going to lose money on it.
There were people that were absolutely stupid last year when they were taking off, maxing out their credit cards, mortgaging their houses, maxing out student loans in order to buy into it. I threw a couple thousand into it and it was an adrenaline rush when I was making a thousand dollars a day at times. I had a stretch were I was up $10,000 over the course of about 2 weeks off of a couple thousand dollar investment. I should have cashed out and ran, but I let it ride. I think in the next couple years, we may reach those levels again in some instances, or if I've picked the wrong coin, I will never see that money again. Either way, I took a chance to make money which I did for a while, now it's a waiting game to see if it comes back.
Still holding on to a tiny amount of BC. If it wasn't for the South Korean govt. basically banning their citizen from it. It'd still be strong right now
Had a guy argue with me about the cryptos when they were flying high. Said it was the coming thing. Block chain this, block chain that. I told him he should find out how to invest in block chain technology instead of the cryptos it looked like to me. Well after that conversation I ran across a stock OKTA that was all about block chain technology. I bought some about six months ago, and it's up 105% currently. His Bitcoin has gotten killed in the same time period.
Still holding. Haven't lost anything.
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