bitcoins

jdhu

jdhu

Well-known member
Mabrouk said:
Bitcoin is having a little internal struggle due to a possible fork of the coin on August 1st and that news is lifting litecoin up. I bought hundreds of Ethereum at $8 and sold recently at almost $400 so that I can "invest" into some smaller crypto currencies that have promise since even Ethereum will slow down in price soon. Making good money off of Bitcoin is still possible but it requires a huge initial investment. If you only want to put in a few grand then look into some of the smaller up and coming cryptocurrencies.



A lot of the increases are speculative since only a few coins are used to purchase things which is mostly done on the darknet. Ethereum isn't exactly a currency but took the number two spot because a lot of large corporations have joined the Enterprise Ethereum Alliance such as Microsoft, J.P. Morgan, and Samsung. There are always people looking back and thinking about how rich they could be if they bought this or that coin when they first knew about it. A lot of people have a fear of missing out on the next Bitcoin which is what sometimes pumps up some of these smaller cryptocurrencies that normally wouldn't increase in value. The goal is to find the right coin that will take off and I'm sure it can be done this summer.
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So, would you recommend selling BTC to buy newer cryptos, or hold BTC? Do you think BTC will drop, or just slow rise?
 
Mabrouk

Mabrouk

Well-known member
jdhu said:
So, would you recommend selling BTC to buy newer cryptos, or hold BTC? Do you think BTC will drop, or just slow rise?
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I wouldn't recommend anything since I've only been trading for a little over a year and got lucky putting most of my money on Ethereum when it was at a low price so I'm far from an expert. From what I hear, if Bitcoin does fork and implement SegWit then it's probably the safest bet out of any cryptocurrency for a steady rise because it will finally be updated. I hope you do a lot of research on your own about this upcoming change in Bitcoin but I only know as much as anyone else who only trades alternative coins. I personally am looking for huge gains that might take me to "Lamborghini land" and I don't see Bitcoin rising by over 100% let alone 1000% in the next year so I have no interest in buying it whether it forks or not.
 
jdhu

jdhu

Well-known member
Mabrouk said:
I wouldn't recommend anything since I've only been trading for a little over a year and got lucky putting most of my money on Ethereum when it was at a low price so I'm far from an expert. From what I hear, if Bitcoin does fork and implement SegWit then it's probably the safest bet out of any cryptocurrency for a steady rise because it will finally be updated. I hope you do a lot of research on your own about this upcoming change in Bitcoin but I only know as much as anyone else who only trades alternative coins. I personally am looking for huge gains that might take me to "Lamborghini land" and I don't see Bitcoin rising by over 100% let alone 1000% in the next year so I have no interest in buying it whether it forks or not.
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OK thanks. Definitely need to do more research. Lamborghini land sounds amazing, I'm on board.
 
CABilly

CABilly

Splitter
I am dumb and poor. This thread gives me hope and rage. What's a schmuck who works with his hands to do with his few schmekels to get to Lamborghini land?
 
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panthera

Ride or Die
Awesome right? $4100 as I write. Don't forget if you held btc before the split you now have a bch worth an additional $300. That make my current bitcoins worth $4400 the way I see it. Just wait until the institutional investors get involved. In before bubble speak.
 
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panthera

Ride or Die
For those that think beanie babies is anything like bitcoin you obviously don't know about or understand the technology behind the coins. Also each coins tech can do different things. Blockchains will take over and be used in many industries.
 
Blankpage

Blankpage

alien
7 years ago Bitcoin was $0.06
A $10,000 investment would now be $722M.

Its fun to play with the numbers however when the general public starts paying attention its often too late.

dotcombubbleburst.jpg
 
Yakoo752

Yakoo752

USN
panthera said:
Blockchains will take over and be used in many industries.
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please explain. I attended a conference that discussed implementing them into healthcare but I don't understand how it can be a monetary instrument AND a backend IT system.

Is it a technology that can be sold?
 
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panthera

Ride or Die
I couldn't agree more. I don't think the general public knows much about this tech yet. Most tech folks I speak to don't know about it. Blockchain tech is new and exciting. Just go to YouTube and watch Bill Gates, Richard Branson and other in the know folks talk about the future of this technology. We are not even close to the top. There is so much this technology can do. Let's all wait and see. I write this for posterity.
 
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panthera

Ride or Die
Yakoo- there is so much to this tech that I would do a disservice to try to explain all that it can do. The coins or tokens are just a reward for miners computers solving a complex mathematical calculation. They in turn have value. Start looking into blockchain technology to see what it can do. Look at Ethereum and their smart contract feature. There is so much To this I'll most likely end up confusing you. There is plenty of info on the web. Many of the people behind this tech will be at Disrupt SF next month. I want to go but tickets are $2000. Vitalik Butren co founder of Ethereum will be a speaker.
 
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