Cryptocurrencies. What say you?

already in. look at it like its gambling and hope something hits. enjoy!

https://coinmarketcap.com/

 

My son got into bitcoin at under a thousand bucks. He's been in and out several times. Had litecoin but that seemed to have stagnated. He held Etherium for a while and experimented with a lot of the start ups. He transfered out about 15 grand and now is playing with "house money."

 

At my stage of life, they are too risky to invest in.
They would like to replace American currency--government will never let that happen, IMHO.
As a vehicle for trading with wide swings?? Maybe--but any money you trade with, you need to be prepared to lose most, if not all of it.
just opinion.

 

I had no idea there were that many different cryptos that's nuts. Good on your son cbs money for nothing is the best kind of money.

 

Can we talk about slangin' contraband on the dark web?

 

Thanks! Seriously... just got a text that he made some more money on a day trade with bitcoin cash. He is saving for a down payment on a house.

 

Murder for hire, etc...Some pretty cool stuff.

 

I found this interesting and helpful to understand a little more about cryptocurrency:

https://blog.chain.com/a-letter-to-jamie-dimon-de89d417cb80

It's an open letter to Jamie Dimon, CEO of JPMorgan Chase, from the head of a company that offers semi-cryptocurrency software platforms. I guess Dimon has been critical of cryptocurrency in the past and this guy is offering the alternative perspective. The letter is long and dense at times, but a good read if you have the time...

 

Substratum, Vertcoin, Lisk, and Power Ledger. All great buys right now

 

As an investor I would not do more than day trade or short term holds at this point. Hell of a "bubble" and could be real ugly if it collapses. Does not mean there is no value just overvalued currently.

Any long hold should be a short.

Many big time players I talk with compare the current state of crypto similar to the housing "bubble"

Of course, this is my opinion but it is scary to buy and hold now.

Lithium, tech, defense worth checking out.

 

what happens when someone pushes the wrong button and it all disappears. Or it vanishes after a hack. Hey if you can make money on it, go for it. But your wrong to be "pushing" an investment that is as risky as junk bonds.

I could care less who is using it, it's not ready for prime time, not that it ever will be.

Want to get rich, just start your own Cryto-currency, leave the back door open to your hacking pals and then loot the blockchain, its a great business model. Money for nothing....
And you "mine" bitcoins, seriously what a joke. Who gets to writes the algorithims which determine the parameters to aquire one bit coin? What happens when someone finally hacks the code and enables my cell phone to process as many transactions as a server farm in China does in one day?
In many ways its similar to carbon tax credit BS Al Gore and all his Globalist ilk wanted to push on us. They were all set to "conjur" a new commoditeis market out of thin air for the purchase and trade of carbon credits/offsets.

I would recommend staying faraway unless you got money to burn or your playing with "house money".

 

A sh*t ton of research. Im invested in about 10 crypto's rn. Quick gains, high risk. Been working so far so good for me. Substratum releases their public beta dec/jan so expect good gains if all goes as planned. Lisk is about to rebrand. PowerLedger already has working products (youtube them, great for the environment). Easiest to get started with coinbase, if you know someone with it get there referral link and both you and them will get $10. If you dont know anyone I will happily give you mine Look up videos on how to use gdax (coinbase's sister site) because there is a way to purchase cryptos with 0 fees. Binance is awesome for trading crypto's, definitely look into that. Look into hard wallets (ledger nano s) if investing a lot of money.

 

How do I get my BCH into BTC?

 

I have been observing the bitcoin chart for a long time, but still did not invest. It is unpredictable.

 

Where is your BCH right now? In a wallet? If so make a binance account, send it to you BCH address on binance and then trad it for BTC coins