Worth investment?

[Dig244]

Should I get btc for investment or to risky? I work with someone always telling me to buy buy buy and I see how volatile it is, so convince me otherwise as it has made big leaps. Thanks

[kubes]

If you can drop a little bit of cash and just sit on it a while it will pay off but if your thinking of risking a bunch of money be careful.

[Marine]

I agree with Kubes, if you have a few bucks to play then go for it. Long term I would invest in S&P.

[pompeyo546]

Nothing is a bad invesment. If you want to make money like in everything you have to put a good amount down, sit and wait until you start making money that can take 5, 10 or up 20 years to make cash.

Have you ever seen those billboards on the highway that says buy 100 acres of lans (in the middle of no where) for 15k? Its the same thing the city probably its not even close to be there but the development one day will touxh that area and maybe in 30 years you will be able to sell each individual lot for around 6k or more, and make a huge profit not doing anything.

Patience its a virtue

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[Mikeyz206]

I like what you all have said. I think it's to risky myself. Try putting in a thousand ( or whatever is safe for you to risk ). Best of luck in your investment.

[Dig244]

What is S&P?

[Caustic Charm]

What is S&P?

Standard and Poor Index. And Marine has a point, but to his point, the stock market is gonna poppy itself as soon as the stimulus money fades away. Microsoft stock right now, you could make 20-25% on it in the next couple months when their earnings statement comes out this week. They are about to hit 280 a share


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[thebear]

It is with the investment but not right now as it’s down. Last yr up til beginning January was a great time. I cashed out and made bank. Wait til it’s up a bit then buy snd let it sit. Patience is key with BTC, you won’t make money overnight.

[Caustic Charm]

It is with the investment but not right now as it’s down. Last yr up til beginning January was a great time. I cashed out and made bank. Wait til it’s up a bit then buy snd let it sit. Patience is key with BTC, you won’t make money overnight.

No, but you can with alt coins. Risky but worth it if you get them at a tiny price


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[Dig244]

Thanks for the info guys any good alt coin options?

[Caustic Charm]

Thanks for the info guys any good alt coin options?

This is one of those things where you don’t want your brothers giving financial advice. Having said that, my absolute fav alt coin is LINK. Cardano is my second fav.


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[Booker]

Should I get btc for investment or to risky? I work with someone always telling me to buy buy buy and I see how volatile it is, so convince me otherwise as it has made big leaps. Thanks

I will tell you this. Are people constantly telling you what to do because they are scared and don’t understand it? If you answered yes, there is something there.

There are a lot of other coins going up over time but nobody is talking about it. Let’s talk about $XLM aka Stellar Coin.

$XLM is a way for people to send remittances across the world for like a 1,000th of a penny. You can turn $ —> €,£,¥, etc and eliminate the middle men taking you cash in transfer fees.

Read up on it and make your own investment decisions. Lots of value out there, it is just gonna take time for global use and adoption. It won’t make you a millionaire overnight but it could.

I hold $XLM $BTC $BCH $VET $GRT $DOT $VGX and this is not investment advice.

Booker

[gihbo]

@Dig244
Good morning brother. I, as of 3-4 months ago just got back into the crypto market and I can say with certainty that you buddy is right. If you have 30k you can invest and forget about it until around say xmas time I would (and i did). Get yourself a cold storage wallet (offline wallet) buy 1 btc or multiple etherum and put them in the cold storage.
Why am I so strong in my convictions? Well, a number of reasons come to mind. The 2 main reasons are that these top 2 cryptos are and have been gaining a lot more acceptance in the last 2 years. Acceptance from institutions and investment firms and payment processors as well- Hell even pornhub now takes crypto! The second and equally important reason is that they are decentralised finance meaning that they are not currency of any one single government. With btc only 21 million coins can ever be mined. It is what they call "Digital Gold" because there is a finite amount. As we near the final coins being mined (currently 18.5 million) the price support has risen 10x.
After you read this do some DD and google "Bitcoin Price Forecast" and when you do try to find the most up to date articles you can and READ, READ, READ!!!!- THEN READ SOME MORE!!
Best of luck my fellow gorilla..

[Jose K. Velazquez]

I have invested in bitcoin, and I am learning more about trading bitcoin to hopefully maximize both my current and future investments. Don't day trade cryptocurrencies and don't listen to advisors who manipulate you into day trading as well, they tend to act as oracles and then use that asynchronous info to manipulate the markets. Day trading is not for everyone, but if you can control your emotions, establish and fine tune a logical strategy, and consistently manage your risk versus reward, day trading crypto is absolutely something you can reliably profit from. Just like I am making profit form trading through this crypto bot (https://tradingbot-solutions.com/) and I thought that this type of crypto was really interesting to try. If you want a serious gain.

[Caustic Charm]

@Dig244
Good morning brother. I, as of 3-4 months ago just got back into the crypto market and I can say with certainty that you buddy is right. If you have 30k you can invest and forget about it until around say xmas time I would (and i did). Get yourself a cold storage wallet (offline wallet) buy 1 btc or multiple etherum and put them in the cold storage.
Why am I so strong in my convictions? Well, a number of reasons come to mind. The 2 main reasons are that these top 2 cryptos are and have been gaining a lot more acceptance in the last 2 years. Acceptance from institutions and investment firms and payment processors as well- Hell even pornhub now takes crypto! The second and equally important reason is that they are decentralised finance meaning that they are not currency of any one single government. With btc only 21 million coins can ever be mined. It is what they call "Digital Gold" because there is a finite amount. As we near the final coins being mined (currently 18.5 million) the price support has risen 10x.
After you read this do some DD and google "Bitcoin Price Forecast" and when you do try to find the most up to date articles you can and READ, READ, READ!!!!- THEN READ SOME MORE!!
Best of luck my fellow gorilla..

You’re not wrong. I’m daytrading in the markets which is fucking nuts, but I’ve managed to build about 6k from 2k in a couple months. Learning on the job is hard. It’s getting better for me


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[gihbo]

Right now you could say we are kind of living in a simulation that is the equivalent to the dawn of the internet itself in regards to crypto. Good projects (coins) to get into right now would be ethereum9youll thank me later), ADA and a few others....