How the........what the .........over 8k a "coin" how the FUNGUS is that Friggin POSSIBLE?
-- and when the owner (say mark Zuk-my burger) or whomever decides to BAIL to his new vacation home on MARS --- what legal recourse do you have ?
I ASSUME these weed coins are not insured by the FDIC ??
I am asking because I am INTERESTED in the investments.....and HELL weed is a SOLID investment --- if you can do it without the Mexicans cutting your heart out in the back of a ford van on the Texas/Mexico border.......
Many investments do have a risk. However, the gain is huge in these cryptocurrencies. Bitcoin, for example, increased in value $7,339.77 last year alone. That means, if you bought 10 bitcoins on November 24, 2016 for $731.00 each (total of $7,310.00 investment) those same 10 coins, on November 24, 2017, are now worth $8,080.00 each - That's a profit of $73,490 in 12 months.
An investment of $7,310.00 in a Roth IRA at 1.70% for 12 months, your net profit would be $124.27....
I've done a similar strategy with stocks. When I see a stock plummet, but the company is still reporting good revenues, I will buy up a good portion of it and "ride the wave" so to speak. I've bought shares at .$65 (cents) and sold them in as little as 3-5 months for $80.00/share....
Now, most of my peers laugh at me, because they are buying up $200,000+ worth of higher yield stocks at a time, but I am slower and more methodical. I don't take huge risks. A little profit here and there is plenty for me.
