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Cryptocurrency Experience


Kevin Foreman
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In November 2017 I invested about $180 across BTC, BCH, ETH, and LTC.  The only one that has made me any money is ETH, but I'm still in the hole overall about $60.  I don't know a lot about the others, but BTC is finite and my thinking is it will have to go up eventually.

I can stand to lose the entire $180 and it won't be the end of the world.  My personal plan is to just leave it there and see what happens.

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33 minutes ago, fisthardcheese said:

Just like any stock, if it is down, it is probably wise to just hold and wait for it to go back up. 

Actually, now is the time to buy. 

34 minutes ago, fisthardcheese said:

It will probably take a while to climb back up after the correction.

Look at housing prices 10 years ago. The market was for sure over inflated, but only for the times. We're back up there now, but it's been a steady climb the last 6 or 7 years add opposed to the 18 months from 10 years ago. 

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Guest usctrojanalum

I had 10 BTC in 2013 at a cost basis of around $300. Sold when it popped over $100.  Never got back into because I don't understand how crypto's provide any extrinsic value.  I rather keep putting excess cash into stocks.  At least that is something I understand.  BTC is good for speculating though. 

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52 minutes ago, usctrojanalum said:

I don't understand how crypto's provide any extrinsic value.

Same goes for a dollar or gold, for that matter. There will be a certain level of s*** hitting the fan where none of it suddenly has any value and people that know how to make corn grow and dig a well will be the heroes again. 

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Guest usctrojanalum

Agree on Gold.  It has zero utility.  Even doomsdayers who state well if the market goes to 0 and there is complete anarchy you will need gold as a hedge against total economic collapse.  I respond with "yeah, okay, when there is total economic collapse please tell me why I am going to give you my bread and corn for your pieces of Gold??

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  • 3 years later...

I've invested here and there, playing around.  If only I had dropped a bill on them back when they were literally $1 each and left it there--it would be about $5 mil today.

The most I've made from crypto has been from mining, maybe a few hundred over the course of a few months.  But these mining asics require high speed fans to keep cool and at this point suck down nearly as much money in electricity as you'll make for your processing time, so even that is now a game for the big boys with datacenters of mining rigs.  Unless you can get your power for free.

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  • 11 months later...

Based on my experience and after completing training on Bhero.com I can single out three important points:
1. With regard to your finances, do not trust anyone and understand everything personally. Investing in risky assets, and cryptocurrency is exactly a risky asset, only the amount that it will not be a pity to lose, it is best not to exceed 5% of your free money.
2. Do not listen to any expert geniuses who managed to make a fortune in a couple of successful deals. After all, for successful transactions, they are silent about unsuccessful ones.
3. Do not go there, what you do not understand well. There are a lot of other options for investing free funds. Let the profitability there be less, but the risks are less, and you can sleep peacefully.

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  • 2 weeks later...

I invested in bitcoin because I thought it was more stable and that I could get good returns from it. It was a good investment for my startup. If you want to make more profits without experience, I suggest you learn more about trading. I think it can be a very profitable business. If you want to be more confident in your calculations, money tree ea robot can help you. It can save you time and do all the calculations for you. These funds would be a great option for starting your business. I want to advise you to be calm and wish you good luck!

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