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Discussion in 'Channel 19' started by skyraider, Dec 26, 2017.

  1. skyraider

    skyraider Veteran Expediter Retired Expediter US Navy

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    Anyone investing in bitcoins??


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  2. BigStickJr

    BigStickJr Veteran Expediter Researching

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    If you are, please explain the program.
    Who backs them ?
    I have faith in the FDIC.
    At least for isolated incidents.
    If US Currency seriously devalued today, would Bitcoins help tomorrow ?
     
    • RoadTime
      Paranoid

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      I am, and BrokCanadian. But he has disappeared as of late, I hope he is ok. Anyone hear from him?
      Hopefully, he retired off of his Bitcoin.
       
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    • BigStickJr

      BigStickJr Veteran Expediter Researching

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      I was excited back when in the late 70’s /early 80’s I had money markets doing 17-18%
       
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    • RoadTime
      Paranoid

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      Ahh, I remember those days ;)
       
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    • BigStickJr

      BigStickJr Veteran Expediter Researching

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      I remember most of them, LOL
       
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    • RoadTime
      Paranoid

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      Depending on what brokerage or wallet you use. Most are FDIC insured and/or have protection insurance against isolated incidents on their end, or if the company should become insolvent. Isolated incidents on your end, hacking, fraud, etc. is not covered.

      I don't have much insight on this, but do believe as digital currency is being accepted by more and more places, it is the future. When banks and investment firms start buying it up, I'd say the odds are it's not going away anytime soon ;)
       
    • skyraider

      skyraider Veteran Expediter Retired Expediter US Navy

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      Some folks , unless it is a rumor, are making millions,,Idunno,,,Dave Ramsey says he likes the idea but is holding off investing for now...I need to study this/ask my accountant for starters..
       
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    • RoadTime
      Paranoid

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      I'm actually a little surprised to hear he's interested at all given his conservative investing style. He must be having a inner battle over this one lol.

      Millions? For some who got positioned at the right time, with enough invested, definitely not out of the realm of possibility. Even with my very small amount invested, last week I would have made $20K on one my cryptocurrency trades, had I not closed it out 3 days before it took off. I'll be whining about that one for a while :rolleyes:

      Reminds of the surging stock market right now. People keep saying it's going to bust, but it keeps going higher. Only faster with more volatility. What will happen next year? No clue, but plan to be apart of it.
       
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    • BlindSquid
      Crappy

      BlindSquid Active Expediter Owner/Operator US Army

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      Yes that is surprising! Can't mess with it myself. Its not tied to anything of value, just other's "perception" of value.
      Kinda like the stock market without stock. Which in my view is way overblown, though I do invest.

      Computer trading generates "churn" on miniscule margins to create larger gains. I can't compete (let alone comprehend) with that. Aka bitcoin
       
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    • skyraider

      skyraider Veteran Expediter Retired Expediter US Navy

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    • skyraider

      skyraider Veteran Expediter Retired Expediter US Navy

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    • skyraider

      skyraider Veteran Expediter Retired Expediter US Navy

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    • RoadTime
      Paranoid

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      Yup, I added to my position around there. Now price is back up to $16,600

      Price changes wildly and fast.


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