Scholarship table
I got $100 in Bitcoin as a gift several months ago which turned out to be about 0.04 Bitcoins. It is now worth over $500 lol. Pretty fun to check Coinbase and see it go up nearly every day. Other cryptocurrencies have done even better in the last year as far as % increase goes (see Ethereum and Litecoin).
If I was gonna drop $1k in a crytocurrency as an investment, is bitcoin the best choice?Anyone with more than casual insight?
Why do you think it will go up? Why do you think it hit $10k today?Answer those and they will tell us what you should do.
Oh. My bad. I didn't know it wasn't allowed to ask for advice on this board as plenty of have done before. Thanks for your push towards self-reliance.
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
https://finance.yahoo.com/news/mark-cuban-bitcoin-collectible-currency-152121444.htmlUnless any of you are NBA officials, you might want to listen to what Mark Cuban has to say on this one. Main takeaway: “It’s going to be very difficult for it to be a currency when the time and expense of doing a transaction is 100 times what you can do over a Visa or MasterCard, right?”
I mentioned in the last thread that I owned both Bitcoin and Ethereum, I bought them through coinbase.I also purchased shares of GBTC in my Roth IRA. I sold that 2 days ago will probably buy it again when it comes back down. It has gone up way too fast in a very short time frame. I bought the GBTC shares in October for $680 and sold for $1510. A rise like that in such a short time frame is usually not sustainable so I took my profits, figured if it continues to go up I do own a some through Coinbase.
Bitcoin = secure, anonymous transactionscredit market = not so much.
This, exactly. Which, in addition to pure speculation, is why the value is rocketing: it is the new medium for money laundering. Dirty money goes in, anonymously, and then gets sold back for crisp, clean, cash.There is a reason Putin and other oligarchs are huge backers of bitcoin
Also, buying illegal things on the dark web.
Bitcoin crashed nearly 20% yesterday.It's still up significantly this year, but yesterday is a classic example of the currency's volatility and the reason I repeat: "Investor, know thyself."
Not really a fair assessment, considering the low point yesterday was at $9400ish.... the same price it was three days earlier.