jhotsauce7
TID Board Of Directors
- Jan 18, 2011
- 2,805
- 686
Latest posts
-
-
-
T
-
R
-
-
-
-
Forum Statistics
- Threads
- 27,632
- Posts
- 542,689
- Members
- 28,580
- Latest Member
- Rolanalon
P
prime
TID Board Of Directors
- Dec 31, 2011
- 1,178
- 254
It's kind of like an all or nothing investment. If you go to Vegas and drop $500, I see no downside to diverting your gambling money into the cryptos. BTC upside is far more than $2800 so just dont think it's too late to get in. It can still go up 100x. Could is the key word here. I am not saying it will but it has the potential to just by grabbing 1 to 2% of the markets.
jezjzzor085
Member
- Jan 4, 2014
- 48
- 3
in austria you can't use it anywhere to pay in a shop
you can invest online in mining but I don't
Last time this us basketballer entered north corea with a "PotCoin" T-Shirt
And recently there was an article in the sueddeutsche zeitung reporting one single bitcoin transaction needs as much energy as an average us house hold in 4 days
So bit coin traders tend to settle in counties with low cost energy like china
And in Venezuela(?) they even hunt for bitcoin users who by foreign goods they don't get in their country and they arrest them to stop their high energy consumption
you can invest online in mining but I don't
Last time this us basketballer entered north corea with a "PotCoin" T-Shirt
And recently there was an article in the sueddeutsche zeitung reporting one single bitcoin transaction needs as much energy as an average us house hold in 4 days
So bit coin traders tend to settle in counties with low cost energy like china
And in Venezuela(?) they even hunt for bitcoin users who by foreign goods they don't get in their country and they arrest them to stop their high energy consumption
JR Ewing
MuscleHead
- Nov 9, 2012
- 1,329
- 420
"Speculative" is the right word.
It's extremely volatile and unregulated. I'd tread very lightly with it. And I'd rather wait until it sells off hard again - I'd rather buy 5 shares at $500 the next time it sells off than pay $2500 or so for one share today.
This is the kind of thing IMO that people generally shouldn't fool with at all until they've got at least 6 figures worth of assets - at least those who want to manage risk and are serious about keeping their $ and growing it into a large nestegg over the long haul.
If you've got $100k for instance, most inclined to speculate in bitcoin would probably be better off with $5k or less in bitcoin... buy it when it's sold off hard, then sell some or most of it when or if it roars back up again in the future.
At least $5k in cash...
Maybe $5k in a good, solid gold ETF (that buys the physical commodity and uses little leverage)...
Perhaps another $5k in another alt investment such as a REIT or something that shorts the broad market such as http://www.morningstar.com/etfs/ARCX/SH/quote.html
The remaining 80% or so could be split up more or less equally among 15-20 or more stocks spread out pretty evenly among the 11 main sectors of the market - buying 15 or more largely uncorrelated assets will greatly reduce portfolio risk during bad times.
If you only have a few thousand dollars, I don't think it's a good idea to put all or most of it into a share or 2 of bitcoin while it's heavily overbought and sitting at or near all time highs. I'd build up a solid foundation of assets before doing any speculating. But that's just me.
It's extremely volatile and unregulated. I'd tread very lightly with it. And I'd rather wait until it sells off hard again - I'd rather buy 5 shares at $500 the next time it sells off than pay $2500 or so for one share today.
This is the kind of thing IMO that people generally shouldn't fool with at all until they've got at least 6 figures worth of assets - at least those who want to manage risk and are serious about keeping their $ and growing it into a large nestegg over the long haul.
If you've got $100k for instance, most inclined to speculate in bitcoin would probably be better off with $5k or less in bitcoin... buy it when it's sold off hard, then sell some or most of it when or if it roars back up again in the future.
At least $5k in cash...
Maybe $5k in a good, solid gold ETF (that buys the physical commodity and uses little leverage)...
Perhaps another $5k in another alt investment such as a REIT or something that shorts the broad market such as http://www.morningstar.com/etfs/ARCX/SH/quote.html
The remaining 80% or so could be split up more or less equally among 15-20 or more stocks spread out pretty evenly among the 11 main sectors of the market - buying 15 or more largely uncorrelated assets will greatly reduce portfolio risk during bad times.
If you only have a few thousand dollars, I don't think it's a good idea to put all or most of it into a share or 2 of bitcoin while it's heavily overbought and sitting at or near all time highs. I'd build up a solid foundation of assets before doing any speculating. But that's just me.
Warrior45
TID Board Of Directors
- Nov 9, 2012
- 1,045
- 316
JR Ewing
MuscleHead
- Nov 9, 2012
- 1,329
- 420
Something that costs much less per share would be a better option for those with less money - like a share of that ETH that is ~ $300 - a share or 2 of that for someone with $10-12k wouldn't pose too much risk... Of course I'd be more inclined to buy a little bit every time it fell hard, then take profits eventually when or if it would roar back up. I'd rather buy more shares of it well below $100 than chase it when it's roared up to $300+.
Re the cannabis stocks, I have done well with buying a couple of the better ones when they've fallen hard, then waited and sold some or all of them when they've eventually jumped up.
I recently sold CARA above $20.
http://www.nasdaq.com/symbol/cara/stock-chart
Sold GWPH quite a while back well above $100 when they were first being rumored to be a takeover target.
http://www.nasdaq.com/symbol/gwph/stock-chart
Others I've dabbled in lightly include INSYS, SMG, and ZYNE.
Re the cannabis stocks, I have done well with buying a couple of the better ones when they've fallen hard, then waited and sold some or all of them when they've eventually jumped up.
I recently sold CARA above $20.
http://www.nasdaq.com/symbol/cara/stock-chart
Sold GWPH quite a while back well above $100 when they were first being rumored to be a takeover target.
http://www.nasdaq.com/symbol/gwph/stock-chart
Others I've dabbled in lightly include INSYS, SMG, and ZYNE.
Who is viewing this thread?
There are currently 0 members watching this topic