Are you investing in Bitcoin...?

by sr.20
5 replies
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and still Bitcoin continues to climb >>> buying BTC is a solid investment, with proven blockchain technology this will continue to break all time high for the forseeable future. https://blockchain.info/

I was able to book flights and hotel using Bitcoin this year and Germany appears to be at the forefront on integrating it into the economy

> as there is only a limited amount of coins in circulation the inherent value will increase with time

Whats your opinions on BTC...
  • Profile picture of the author Void250
    I feel like I kind of missed the train on them. I know there is still potential money/investments to be made with them but I feel like I would need to keep a really close eye on it at all times and stay up to date on the news...which I don't really want to be bothered with especially just getting into AF, most of my time is occupied with other adventures.
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  • Profile picture of the author seasoned
    There is now a TON of hype with them. That often doesn't bode well. BTW it is about 1/4 of the predicted price of where it would be about now. It may go back up, but hype as it is getting now generally drives it HIGHER. As I said though, such hype is generally not good. In the 1920s, 1990s, etc.... the SAME thing happened to the stock market!

    Steve
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  • Profile picture of the author Camron
    Originally Posted by Clarke Hanna View Post

    Whats your opinions on BTC...
    They are hyped and only your equity curve tells you if it does good to you or not.

    I see big similarities between IM and Trading. I'm just an IM newbie but what I've read all over the forums is to stick with one method and make it work.
    Same goes with trading/investing. If you're making money on yearly basis with bitcoins then stick to that.

    Have you considered adding commodities to your portfolio? Because it seems you base your decisions on statistics.
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  • Profile picture of the author Floyd Fisher
    Derivative trading (currency speculation) is the riskiest invest known to man.

    Does not matter if it's bitcoin, e-currency, pesos, whatever, it's highly risky and dangerous.

    I'll stick to collecting coins, thank you.
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  • Profile picture of the author tooting
    I trade forex and in all honesty I have been following bitcoin closely since its still under my obervation I have always wonder what kind of news drives bitcoin price. I am still studying how this currency ticks and I hope to conclude my findings soonest before I start trading.
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