Econ Crypto-Currency Thread

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chance

chance

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Woodstock said:
Thanks for the info.
Buying dips and crashes makes eminent sense, as long as the risk is considered.

To me it would be interesting as long as I'm using fun money, but I'm too risk adverse to put serious cash in it.
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Definitely some risk. But I started with $20 worth of bitcoin that a friend gave me like 5 years ago. I had pretty much forgotten about it, then when bitcoin broke it big, I checked the account and it had grown to well over 250 bucks. Thats when I started playing with it more. Ive thrown in a few hundred bucks over the last 6 months, and it has all grown quite nicely.

There are people who refinanced their house and bought crypto and made a shit load of money, and then some of them lost everything.
Instead of blowing a few hundred in vegas, I put in in crypto. Pretty sure I came out better lol.
 
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Sheps

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Yea risk management is something most people don't even come close to really understanding let alone implementing.It's the number one bit of "advice" I've given all my friends.
 
chance

chance

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Fire sale on crypto!

The big 3 coins have proven themselves to be valuable, this dip wont last long. A big sell off happened last january as well. Now is a great time to enter with litecoin and ethereum down quite a bit
 
PewPewPewCo

PewPewPewCo

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chance said:
Fire sale on crypto!

The big 3 coins have proven themselves to be valuable, this dip wont last long. A big sell off happened last january as well. Now is a great time to enter with litecoin and ethereum down quite a bit
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Yup I bought ripple at .99 yesterday. Feels damn good.
 
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cbh13

cbh13

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i honestly would still be buying but bitsamp still hasnt verified my fucking account arrggghhh
 
PewPewPewCo

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Laufen said:
Still buying?
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Not ripple at the moment but ripple is still getting picked up by more banks so it’s long term will be fine.

Those who didn’t realize any gains are crying. I’m still picking and choosing my buys while they’re on discount.
 
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Sheps

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dial1911

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Sheps said:
Ironically this may well see far more people enter because it'll be seen as "safer and regulated" and what have you. Also adds legitimacy. Not saying it will play out that way, but it could.
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I didn't really look at it that way-

My initial reaction was that this is regulation on a currency that was designed to be deregulated.
 
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