Current Events > I sold off all my bitcoin, ethereum, and litecoin.

(+) Yeah! (+)

Bought it all at $1500 a month ago, and just sold it at around $2200 now.

I feel like this cryptocurrency stuff is just not for me... way too much risk, I don't like the fact that I catch myself looking at what's going on and Googling for rumors and crap.

I bought $750 more of bitcoin tonight, if push comes to shove I'm going down with the ship
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It's a quick way to either become rich or ruin your finances
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Have fun working for the rest of your life.

I'm considering the advice in another topic, throwing $100 at each, not touch it for awhile, and store the wallet on my tablet.
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dude, you're thinking too much. take that 2200, put it in bitcoin and FORGET about it. cash it out in 20 years

booboy posted...

I'm considering the advice in another topic, throwing $100 at each, not touch it for awhile, and store the wallet on my tablet.

That was my plan with spending $500 each, but I just kept looking at it, and kept wondering to myself, everyday, either "Should I add more?" or "Geez, I should quit while I'm ahead". I just kept on thinking about it.

I mena you dont even need to ruin yoru fiannces, just save a couple grand and light it on fire, but maybe it will make you rich, which is a lot more than that couple grand would do spent elsewhere.
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AlternativeFAQS posted...

dude, you're thinking too much. take that 2200, put it in bitcoin and FORGET about it. cash it out in 20 years

Because with how much governments want it to fail, it'll be around in 20 years and not relegated or competing to a multi-national or global form of crypto currency sanctioned as legitimate while it's driven in to darkness through some shady as fuck business practices.

I would definitely play the short game for maximum profits. But to be perfectly honest due to the unstable and slightly asinine rate of inflation, right now, it doesn't seem worth investing in if you didn't do so in the early years.

i find it worry-free if you invest for the long-term. Just hold and never look back until a few years later. Ignore the dips and crashes - it will always recover judging from the last decade
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booboy posted...

I'm considering the advice in another topic, throwing $100 at each, not touch it for awhile, and store the wallet on my tablet.

why is this good advice?

BJ-blazkowics posted...

booboy posted...

I'm considering the advice in another topic, throwing $100 at each, not touch it for awhile, and store the wallet on my tablet.

why is this good advice?

Small investment, good potential return over time, minimal worry/impact on finanacial future?

Worst case scenario, you forget about it and only lost a few hundred or less pending on the market. Best case, you get a good chunk of retirement/emergency cash.

R_Jackal posted...

I would definitely play the short game for maximum profits. But to be perfectly honest due to the unstable and slightly asinine rate of inflation, right now, it doesn't seem worth investing in if you didn't do so in the early years.

That's how I feel about it.

FightingGames posted...

i find it worry-free if you invest for the long-term. Just hold and never look back until a few years later. Ignore the dips and crashes - it will always recover judging from the last decade

I disagree... I do not think this is a good "long-term" relationship, as in "set it and forget it".