Cryptocurrencies:

eSGEe said:
Worse--- the original design of bitcoin allows-- as I understand it ---open software sharing ....anyone can go in and edit or code or change code or vary code in the base system......if you know how to do that stuff........
Im waiting to see the day some hacker living in his moms basement takes all the coin and sends every one a digital I.O.F.U. --- but thats just me......
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You buy in low - then sell after your money multiplies 5 or 6 times - The only coin that looks good for long term investment is Ripple (XRP)

Ripple went from 47 cents to 87 cents today.
 
Sp8ctre said:
I'm not laughing, but I'm not investing in a "Virtual" non existant coin that is soon to be regulated...or upended...that's just me.
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I agree. The idea is go in big at a low buy in - ride the wave and market hysteria, then sell while the wave is still rising....
 
Robert Herndon said:
I agree. The idea is go in big at a low buy in - ride the wave and market hysteria, then sell while the wave is still rising....
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BUT that is not guaranteed......christ man I bought BIG into real estate -- EVERYONE said "only safe investment" -- safe my white ARSE - I had Deeds and SHIte SHOWING I owned stuff---- the bubble burst and I lost my white arse--my black-red-blue and brown arse--- and that was REAL tangible stuff I could touch --walk on ...piss on .....

no bitcoins for me--- good luck man hope you dont crash
 
Yeah that is a nice jump I wish I jumped on but I just don't trust it. I would jump in and lose money with my luck....lol
 
gasket said:
This won't end well :-(
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For some, it has already ended well....for example. Last year, a colleague invested a quarter mil USD from the sale of a piece of property in Bitcoin. He dropped the entire amount on Bitcoin at $445.10/coin on May 23, 2016 - roughly 562 coins. When he sold out, on December 7, 2017, at $17,409.99/coin, he netted $9,784.420. Even after setting aside capital gain tax (short term is about 36%) he still walked away with nearly $6 million USD.
 
RobV said:
Yeah that is a nice jump I wish I jumped on but I just don't trust it. I would jump in and lose money with my luck....lol
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Agreed. It's risky and you need big capital up front to see big gains. I have encouraged my kids to drop $500 into Ripple. A few months ago, Ripple (XRP) it was 22 cents a coin - roughly 2,272 coins - today, that $500.00 investment is worth 2,022.08, faster growth than any money market, IRA or savings account. I also encourage my kids to ditch traditional 401k's in favor of fixed index retirement/life insurance annuities.

I never had anybody to give me advice about finances. Our family came from a long line of people who simply worked until they died. That was it....
 
I definitely think the fast moving crypto is like the Metro - jump on, ride a while and jump off....But, that's just me. I know people, far more intelligent and insightful than me, who dropped over $100,000USD on Bitcoin back in 2013 (before I even heard of it) for $15 bucks a coin. That's a staggering $113 million + return on investment today.

Hard to bend my mind around those numbers....
 
Not selling anything or suggesting you invest in coin - just commenting on the craziness. I wasted years in Roth IRA's at 6%....
 
Robert Herndon said:
I never had anybody to give me advice about finances. Our family came from a long line of people who simply worked until they died. That was it....
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Yes same with my family. My grandparents came here from Germany during WWII. My grandfather owned a factory making pizza boxes/bread bags and thing like that until he retired & sold it. My other grandfather was a teacher & then principle of Milwaukee Senior High until he retired. Then my uncle went in Navy and then became an architect in San Francisco & the other was a hippie who would spend all my other grandfather money basically :p My Mom retired from the Court House...(stenographer)....me...I went into the Army after HS and worked ever day of my life since. The biggest thing I have learned thru life is the best investment is to stay out of debt! :p
 
RobV said:
Yes same with my family. My grandparents came here from Germany during WWII. My grandfather owned a factory making pizza boxes/bread bags and thing like that until he retired & sold it. My other grandfather was a teacher & then principle of Milwaukee Senior High until he retired. Then my uncle went in Navy and then became an architect in San Francisco & the other was a hippie who would spend all my other grandfather money basically :p My Mom retired from the Court House...(stenographer)....me...I went into the Army after HS and worked ever day of my life since. The biggest thing I have learned thru life is the best investment is to stay out of debt! :p
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The best advice!
 
gasket said:
The difference between playing the stock market and playing the horses is that one of the horses must win.
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I have had very good experiences in the market I am pleased to say....but it's common sense really, just look at where the future is going and keep and eye out for investments...
 
gasket said:
The difference between playing the stock market and playing the horses is that one of the horses must win.
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NEver heard that before ----but will certainly use it in future. ;)

Actually though -----there is ALWAYS a winner in the Market---- the brokers......or are those bookies......wait SAME F++N thing
 
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