racerx Posted January 23, 2018 Report Share Posted January 23, 2018 yep...whoever was there in the beginning, has a very good chance of making tons of money, the "johnny come lately" will pay the ones who came in early. Hence pyramid scheme at it's best. 2 Quote Link to comment
Ratwagon1600 Posted January 23, 2018 Author Report Share Posted January 23, 2018 I look at it this way. We are already (certainly in Australia) moving towards a cashless society. I plan to put about $1k into bitcoin (or one of the other crypto currencies, I haven’t decided which yet). If it really does take off, well it’s an experiment that’s worked. If I lose my money, meh, it’s only a thousand dollars and nothing I’m going to cut my wrists over. 1 Quote Link to comment
racerx Posted January 23, 2018 Report Share Posted January 23, 2018 Good luck...hope u come out ahead. 1 Quote Link to comment
q-tip Posted January 23, 2018 Report Share Posted January 23, 2018 Invest in lead copper and brass.... 5 Quote Link to comment
Ratwagon1600 Posted January 23, 2018 Author Report Share Posted January 23, 2018 A good read for anyone interested; it gives a high level overveiw of the blockchain technology and some of the leading crypto currencies. https://www.ig.com/au/popular-altcoins-to-invest-in?CHID=11&QPID=11825&QPPID=1&CrID=97100692&PlID=213130116 Quote Link to comment
Ratwagon1600 Posted January 23, 2018 Author Report Share Posted January 23, 2018 Invest in lead copper and brass.... I already have Q By Aussie standards I have enough ammunition to arm a small thirdworld country. #closetprepper 3 Quote Link to comment
G-Duax Posted January 23, 2018 Report Share Posted January 23, 2018 I get a laugh off from local news, when they report a bust on some drug dealer. "the suspect had several guns, and several hundred rounds of ammo" Hell, I go through that on a short day at the range.......... 1 Quote Link to comment
mainer311 Posted January 23, 2018 Report Share Posted January 23, 2018 yep...whoever was there in the beginning, has a very good chance of making tons of money, the "johnny come lately" will pay the ones who came in early. Hence pyramid scheme at it's best. How do you figure? So you're saying all stocks are pyramid schemes? Quote Link to comment
mainer311 Posted January 23, 2018 Report Share Posted January 23, 2018 I already have Q By Aussie standards I have enough ammunition to arm a small thirdworld country. #closetprepper I thought Oz banned everything and gun grabbed whatever people had left? Quote Link to comment
Ratwagon1600 Posted January 23, 2018 Author Report Share Posted January 23, 2018 I thought Oz banned everything and gun grabbed whatever people had left? No not quite. Ive posted a number of times in Cuz Merica about our fucked up gun laws. Quote Link to comment
Ratwagon1600 Posted January 23, 2018 Author Report Share Posted January 23, 2018 How do you figure? So you're saying all stocks are pyramid schemes? ^^^ This is an intersting question. I plan today to watch a heap of Youtube vids on Crypto currency investment and form my opinion from there. Not sure what, if any correlation there is with crypto currency and stocks. 1 Quote Link to comment
racerx Posted January 23, 2018 Report Share Posted January 23, 2018 How do you figure? So you're saying all stocks are pyramid schemes?...nope, talking about bitcoins. Quote Link to comment
q-tip Posted January 23, 2018 Report Share Posted January 23, 2018 Yeah if you got into Bitcoin when it first came about and bought a bunch of them for $.24 or whatever it was you could have made a fortune. Quote Link to comment
mainer311 Posted January 23, 2018 Report Share Posted January 23, 2018 Not even that early. You could have bought in a few years ago and still made a killing. Quote Link to comment
NoMoneyZ Posted January 23, 2018 Report Share Posted January 23, 2018 You realize that $1000 will buy you 1/10 of a bitcoin right now right? You can't really compare prices a couple years ago to what they are now and expect to be able to buy that cheap again. Yes there are other crypto currencies but just because they are a cryptocurrency doesn't mean they will all blow up like bitcoin did. IMO more risk than I'd care to take. Quote Link to comment
mainer311 Posted January 23, 2018 Report Share Posted January 23, 2018 How can anyone say it’s a bad investment. 4 years ago you buy one coin for $13 (the price of a decent lunch). It’s $13 you can spare and go a day w/o lunch to invest in something unknown and on the rise. 4 years pass and that $13 is $19000. The horror! Quote Link to comment
Rjawm Posted January 23, 2018 Report Share Posted January 23, 2018 Interesting read about the opening of Bitcoin on the stock exchange. http://money.cnn.com/2017/12/19/investing/bitcoin-crytpocurrencies-sec-bubble/index.html Quote Link to comment
Draker Posted January 24, 2018 Report Share Posted January 24, 2018 It's an investment, just like any other investment... it could go up.. and it could go down. Don't invest money you can't afford to lose, in a volatile commodity. And if you do, diversify.. Personally, I think there is still exponential growth in crypto currencies. Do I own any? No. Have I in the past, yes. Quote Link to comment
Ratwagon1600 Posted January 24, 2018 Author Report Share Posted January 24, 2018 You realize that $1000 will buy you 1/10 of a bitcoin right now right? IMO more risk than I'd care to take. At the time of typing this the approximate Aussie dollar price of 1 Bitcoin is a tad over $13k, so yes part of my due diligence (beleive it or not) is to see what I will be actually getting for the nominal sum of $1k AUD I am proposing to invest. As far as "risk" goes you of course are well within your rights to say this idea has a higher level of risk that you personally believe is tolerable. I have a Diploma level qualification (one under an associate degree in Australia) in risk management and my risk assesment which I am doing as part of this exercise says to me the residual risk level is medium (based on my assesment and other criteria) and accordingly as I am prepared to accept the residual risk I will be going ahead. 2 Quote Link to comment
G-Duax Posted January 24, 2018 Report Share Posted January 24, 2018 One born every minute... 1 Quote Link to comment
datzenmike Posted January 24, 2018 Report Share Posted January 24, 2018 P T Barnum. Quote Link to comment
mainer311 Posted January 24, 2018 Report Share Posted January 24, 2018 A lot of closed-minded people on Ratsun. It’s a shame. You guys could make anything good, look bad. 1 Quote Link to comment
datzenmike Posted January 24, 2018 Report Share Posted January 24, 2018 Go ahead and get some. Have you invested all your money yet? Or have you already made a killing? If too good to be true.... it is. Quote Link to comment
mainer311 Posted January 24, 2018 Report Share Posted January 24, 2018 If you could read, you’d see that I already did. I turned $25 into $110 at one point. Currently it’s back down to $61.34. Boo hoo hoo. Wish I’d invested earlier. Quote Link to comment
240zness Posted January 24, 2018 Report Share Posted January 24, 2018 There is only so many bitcoins like 12000 already disappeared(stolen?) making remaining more valuable. McAfee is my source. Mining the currency or cranking the shit out of computers to verify the chain, takes tones of power so the exchange will have a huge power pull. If we don't want AI, or our fiat currency discussed I understand. RW I'd buy Chevy.. dividends , and its killing my ford stock Quote Link to comment
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