Bitcoins/Litecoins/Virtual Currencies

Grabbit Allworth said:

I haven't read a single page of this thread, but I plan to depending on the response I get to my question --

I have 250k in liquid assets (that's not my entire portfolio, just what I can move around easily) and I'm finally ready to make the leap in to BitCoin....am I retarded?

I'm not completely un-informed about coin. In fact, I've done a ton of research or I wouldn't be considering making a 250k wager, but there are A LOT of different opinions regarding coin and I appreciate the kind of candid responses I'd get here.

*edit*

I realized I needed to frame my question a little better. My goal with BC is a long hold strategy (10+ years).

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There are better things than BTC to invest in long-term. Lots of people have made the comparison already, but the trendsetter isn't usually the one that takes things to new heights. Myspace got supplanted by Facebook, Yahoo got surpassed by Google, Atari paved the way for Nintendo to blow it away.

There are exceptions, like sports leagues, wrestling, products completely identified with their genre (people calling all bandages "bandaids"). However, there's plenty of argument to be made (and has been made here) that Bitcoin is just the trendsetter for other cryptos (that can do more) to be more successful long-term.

Tmac said:

Since you said "we're literally checking boxes" I assumed you'd save me the trouble of having to research and compile a list, lol.

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We are checking boxes, can confirm. Venezuela's transformation from 2009 to 2020 is an insanely stark contrast, and looking at their decisionmaking along the years will pull up numerous parallels to the US. Right now we're comparable to Venezuela midway down their path to ruin, while continuing to make the same mistakes they did.

If you want to get really dark, look into the nine stages of genocide as they've played out in numerous cultures over the past century, and you'll find we've checked off about five of the nine boxes here in the last 2 years alone. Everything up to "forced relocations as reparations" IIRC. That next step isn't outside of the realm of possibility.

Arden said:

I don't know wtf you guys are talking about. BTC is one of the best performing assets you can possibly buy if you are long.

It's up roughly 275% in the last year and it's up almost 5000% in the last 5 years. ETH is up more than 800% in the last year and 16,000%(!) in the last 5 years.

The only way you don't make tons of money off this stuff is if you are a paper-handed bitch.

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Unless it's peaked. Not saying it has and I don't remotely think it has, but it's possible. There's a chance, even if it's small, that skeptics are going to be proven right. And unfortunately ETH probably won't be making those kinds of parabolic moves again. Getting in early with all of this stuff was the way to go, and if you didn't, nothing is necessarily guaranteed.

2 cp from a guy with tons of crypto and no plans to abandon it.

I have to imagine this was what the 1920s was like.

Locnar said:

Or like Jello~

but seriously, all these shit coins are getting ridiculous. I'm getting more and more nervous about my ETHE plays.

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This won’t shock anyone, but a solid reminder to not get swept up in alt-shitcoin-shills

James said:

This has done a 10x since I started watching it: DEXTools.io

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Fractional penny stocks. Lolz. A new age is upon us!