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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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  • 2 years later...

We all know that the crypto market isn't stable for a long time and you can make money fast on it or to be patient until it grows again. I am an expert in my cryptocurrency which I like more than others. It is eos canada, I like it and I know that it will grow fast and I have a good site which helps me to buy it at the best prices and follow it. Moreover, based on it, I have a good profit but I will wait until it will grow more after which I will sell it all.

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  • 1 month later...

Hey, Kevin Foreman. I've been investing in bitcoin for 2 years and I can say that's the best cryptocurrency because it's reliable and also you will be able to make a profit if you choose it. If you want to start investing in it, I advise you to read Mastering bitcoin, in this book you will find everything about your question. Also, I advise you to use cryptocurrency mixers, they will hide your personal data while you will be making transactions. Personally I'm using this bitcoin mixer, it's easy to use so you won't have any problems.

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  • 10 months later...

Ok, you wrote it back in 2018 so I hope that you saved the BTC you had and sold it this winter)) But the posibility that what I say happend is too low, I know. Guys, even if you loose an amount of money big or not it teaches you a lot. Makes you realize what moves were wrong so that you won't repeat them. I have invested in bitcoin many years ago on spot and now I have millions on my account. Thinking about converting some bitcoin that remained on https://paydepot.com/news, but am still not sure if I should do that.)

 

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