Posted on 12/13/2017 3:02:29 PM PST by Eagles Field
2018, I'm goin'in !
If you can mine it yourself and just break even, or make a little profit, it might not be so bad, especially if the price really goes up.
Dedicated hardware and lectricity costs are making this difficult.
You’re probably too late.
Could be. There’s certainly enough info by professionals available online to get a good idea where to invest one’s money.
But I’d hope a person already knows enough of the common sage advice, e.g. “Don’t bet more than you can afford to lose”, before they’d put money into anything.
Like you say with all the free investment info and messages boards out there why does someone come here to ask those type of questions.
Find it amusing
How do we collect Magic Pixie Dust? Do we search for buttercups in fields of four-leaf clovers? I hear pixies really like to hide magic dust there.
I started looking into Bitcoin back in 2013. I’ve got a background in computer science and have a reasonably good handle on the technical aspects of the system. But its as much about economics as computer science.
If you have specific questions I would be happy to answer them as best I can.
I don't even know what blockchain is. But this is a company that's buying up stuff to make blockchains which come from bitcoins or whatever.
I'm a very conservative investor, and prefer long term investments... I'm the turtle in the turtle vs. hare race. I don't day trade, and it takes too long to buy/sell bitcoins... you can't do it in seconds like you can with normal stocks.
If I were to buy say $100K of the thing, it would take days for me to actually "own" it... and who knows what could happen in that time. It feels like a game of musical chairs, and I don't want to be the one standing when the music stops.
“How do we collect Magic Pixie Dust?”
It’s, umm, manufactured by cast members of Disneyland who wear Tinkerbell costumes... they use advanced algorithms and blockchains and..other..stuff. Technical stuff. No one understands it, which is what makes it valuable.
Just send us a big check to exchange for some Magic Pixie Dust and you’ll get rich in a week. Guaranteed.
Thank you Freepers, for those that had some constructive insight. And to the majority, you may want to invest 30 minutes and do some research. You won’t stop at a half hour. It’s quite interesting, although not without risk. It’s really not that complicated and it is real. But I should warn you. It’ll take a little more than expounding with mindless cliches that are not in the neighborhood of clever solidifying your reputation of stupidity. It was just a simple question. I’m glad you had a hardy guffaw and your frustrated ego feels soothed.
Like you say with all the free investment info and messages boards out there why does someone come here to ask those type of questions.
Find it amusing
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Because there are some smart people here ... obviously, I wasn’t addressing you.
Get in at the top while you still can.
Is there some diabolical connection between Blocking Chain Migration and Block Chaining? I think only one is good for our Economy.
I started looking into Bitcoin back in 2013. I’ve got a background in computer science and have a reasonably good handle on the technical aspects of the system. But its as much about economics as computer science.
If you have specific questions I would be happy to answer them as best I can.
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Wouldn’t you say there is also emotion involved,isn’t there some of that in the stock market. Microsoft is involved. Wouldn’t that go through layers of lawyers and financial wizards for approval. China just nixed it but Japan is in as Mark Cuban and other big names.It’s had 3 big downfalls from 40% to 29%, this because of software issues. It goes on Wallstreet in 2018, I’m not sure how that plays. Like i said I just spent 30 minutes, more research needed. I’m just going to through in $500 dollars and play. My boss did that a few days ago, cashed in and is now playing with house money, 8k as today. His Junior in High School is at 80K at least. Worth a risk ... no balls, no blue chips.
OK, sorry for the flip remark. Here’s some serious advice from Dave Ramsey dated December 4th, 2017. Spend 3 minutes and 55 seconds of your life before you jump in:
https://www.youtube.com/watch?v=EMUOh1YdKQI
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Yes, sobering. I didn’t see this yet. But today I did research on the reasons why you DON’T want to do this. But he did say he liked the idea. And the caller was thinking about getting out of the stock market and putting it in Bitcoin. I’m talking about throwing some $ in I won’t miss. I just think it’s something to keep an eye on.Thanks Yo-Yo.
Make sure you’re not the last one standing. It will be worthless at that point.
Well, if we are just talking about markets, then, of course, emotion plays a huge role in where the market is going. The huge rise over the past year, especially since august, is all about the hype.
What I was offering in my previous post was information about the technical aspects of the system, which is as close as it comes to some sort of fundamentals as you will get. From that perspective, Bitcoin is in some trouble as the number of use cases for the system has dwindled due to technical issues unresolved mostly for political (within the Bitcoin development community) reasons.
Wouldn’t you say there is also emotion involved,isn’t there some of that in the stock market.
Well, if we are just talking about markets, then, of course, emotion plays a huge role in where the market is going. The huge rise over the past year, especially since august, is all about the hype.
What I was offering in my previous post was information about the technical aspects of the system, which is as close as it comes to some sort of fundamentals as you will get. From that perspective, Bitcoin is in some trouble as the number of use cases for the system has dwindled due to technical issues unresolved mostly for political (within the Bitcoin development community) reasons.
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Yup, the key word is “hype”, isn’t it. Technology has unveiled our simpleness, hasn’t it. Basic emotions splayed out for better or dumb. I heard today of a 6 year old who is a millionaire because he’s a popular gamer, huh? A good friend of mine, one of her teenage twin sons makes about 2K a month from Youtube. I’m told from the friend I mentioned before that his son’s friend is a Sophomore in high school and has a million in cryptocurrency and his parents don’t know. Is that BS? Well, yeah, of course. How many aspects of life aren’t BS? I want to know the margin of $ involved between fact and fiction. Guarandamnteed there’s some big $ involved somewhere in the middle or mix.
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