Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
Ravishing
Uninspiring Title
- 8,452
- 3,577
I do think BTC is a runaway train at this point. Due to the nature of the currency I think it can only climb, and it's going to climb fast for a while, and every new entity that jumps into it will just make it more and more legit. I won't say it's crash proof, but I don't think we'll ever see a sub-10k value again. 20% correction only knocks a few 1000 off the price. Something catastrophic would need to occur for it to crash 50%. Hacking, major failure, governments shutting it down somehow...
But because it's global and there are a finite number of coins, it's going to keep going up in the long run. I can see 50-100K next year.
I also don't think we see any major correction while the US economy is booming. BTC could have major growth in the next 5-10 years.
10 years from now 1 BTC could be a $1mill / coin.
It gained 30% since yesterday.
It's up 2100% this year.
It went from $900 to $17k this year.
Even if it does something like 25% for the entire next year, that makes it a $22k coin eoy 2018, and 25% gain is still incredibly great roi.
At this point I see no reason not to invest in it. Going to start making weekly/monthly buys, not going crazy but basically treating it like a 2nd retirement acct.
But because it's global and there are a finite number of coins, it's going to keep going up in the long run. I can see 50-100K next year.
I also don't think we see any major correction while the US economy is booming. BTC could have major growth in the next 5-10 years.
10 years from now 1 BTC could be a $1mill / coin.
It gained 30% since yesterday.
It's up 2100% this year.
It went from $900 to $17k this year.
Even if it does something like 25% for the entire next year, that makes it a $22k coin eoy 2018, and 25% gain is still incredibly great roi.
At this point I see no reason not to invest in it. Going to start making weekly/monthly buys, not going crazy but basically treating it like a 2nd retirement acct.
- 1
Noodleface
A Mod Real Quick
- 37,961
- 14,508
I'm a noob when it comes to this stuff. If I wanted to toss a couple bucks at this where's the best place?
Do I need to buy a solid 1 BTC or how does it work?
Do I need to buy a solid 1 BTC or how does it work?
chaos
Buzzfeed Editor
- 17,324
- 4,839
you can buy fractions. There's like a hundred bitcoin exchanges, imo I'd recommend an offline wallet. How to set up a secure offline savings wallet - Bitcoin Wiki
Arative
Ahn'Qiraj Raider
- 3,000
- 4,616
You can use coinbase, its pretty user friendly. You can buy any amount you want.
Uber Uberest
rdr^2
- 2,713
- 2,329
So I sign up for Coinbase, buy a couple bitcoin and then just hang on to them. I’m about as new to this as possible, does this sound like a solid plan?
Siliconemelons
Avatar of War Slayer
- 10,961
- 15,446
lol I bought 50$ of btc lite and eth yesterday at a christmas lunch at work because an old co worker was "I TOLD YOU WE NEEDED TO BUY THEM LAST YEAR" soooo pissed, me2
anywho...
wonder that my 50$ is worth now haha
anywho...
wonder that my 50$ is worth now haha
