Anyone into Cryto currency?

[jmaister]

Re: Anyone into Cryto currency?

Crypto currency is a type of hedge fund, and as such is not for everyone. you can see huge gains but you can also experience huge losses. If you invest you have to stay on top of your investments. Question by "TV is cheaper" are you referring to the amount of sleaze you find on television?

No no. I like computer gizmos..

Atleast ten years ago having a big tv is more expensive than a top end graphics card. Nowadays, a top end graphics card is super expensive due to them being used in crypto mining, smaller architecture harder to make, and scalpers got most of them therefore in shortage. While another expensive item, the flat screen tv, has reduced in price quite a bit if you arent into the latest model.

[slimslob]

Re: Anyone into Cryto currency?

No no. I like computer gizmos..

Atleast ten years ago having a big tv is more expensive than a top end graphics card. Nowadays, a top end graphics card is super expensive due to them being used in crypto mining, smaller architecture harder to make, and scalpers got most of them therefore in shortage. While another expensive item, the flat screen tv, has reduced in price quite a bit if you arent into the latest model.

As long as what I have continues to work, at 73 I have no interest in new features, whistles and bells.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Central banks around the world are beginning to run out of options as to how restore their economies due to the COVID-19 pandemic.

As multiple major European countries are going into immediate, full 30 day lock downs, their economies will take a further battering. A lot of major nation states have taken on tremendous, some say, unsustainable debt. They cannot lower interest rates any lower than zero and they cannot print money any faster without risk of devaluing their currencies and risking hyper inflation.

With stock markets breaking new highs on a regular basis thereby risking a major correction, investors are seeking alternate investments like gold, silver and Bitcoin.

50" TVs long ago became a commodity with consumers with few willing to pay a premium for a brand name. Technology advanced to the point where there are few components inside a TV, they weigh much less and there is little opportunity to repair them, making them essentially disposable.

Profit margins are so little on TVs that most major brand names abandoned the market, preferring to license their brand name to some unknown Chinese company. These brand names make much less profit but they avoid all risk.

If you buy a Toshiba TV at Best Buy or Amazon, do not bother to call Toshiba. No support is available or implied. Your claim is against Best Buy or Amazon who directly imports them from China.

[BillyCarpenter]

Re: Anyone into Cryto currency?

50" TVs long ago became a commodity with consumers with few willing to pay a premium for a brand name. Technology advanced to the point where there are few components inside a TV, they weigh much less and there is little opportunity to repair them, making them essentially disposable.

Profit margins are so little on TVs that most major brand names abandoned the market, preferring to license their brand name to some unknown Chinese company. These brand names make much less profit but they avoid all risk.

If you buy a Toshiba TV at Best Buy or Amazon, do not bother to call Toshiba. No support is available or implied. Your claim is against Best Buy or Amazon who directly imports them from China.

I remember buying a 42" flat screen not long after they came out. I think I paid around $4,000. A few months ago I bought a 65" and paid $900. Competition is a beautiful thing.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Inside The Cryptocurrency Revolution


Bitcoin’s emergence as a global digital currency has been as revolutionary as it has been erratic. But while fledgling investors obsess over every fluctuation in the cryptocurrency market, nation-states are more interested in the underlying blockchain technology and its ability to revolutionize how business is done on the internet and beyond.

VICE's Michael Moynihan travels to Russia with Vitalik Buterin, inventor of the ethereum blockchain, to get a front-row seat to the geopolitical tug of war over Internet 3.0.

https://www.youtube.com/watch?v=u-vrdPtZVXc

[copiertec]

Re: Anyone into Cryto currency?

I Just watched this interesting vid on bitcoin, pretty interesting.

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin tops $41,000 to hit another record, climbing 40% so far this year

the world’s most valuable cryptocurrency traded as high as $41,756, according to data from Coin Metrics.
Bitcoin is currently up over 40% so far in 2021, and on track to post its second-best week since the peak of the December 2017 surge.
The idea of bitcoin as a hedge against inflation has continued to gain traction among investors.

... if you invested $1,000.00 USD a month in Bitcoin when this thread first started, you would have doubled your money. Investing is too strong a word. You are truly speculating and at that time could have easily lost half your money.

One thing is for sure, some people will make fortunes on Bitcoin.

[copiertec]

Re: Anyone into Cryto currency?

Bitcoin tops $41,000 to hit another record, climbing 40% so far this year

If your into gold or silver, today is a good day to buy on the dips as well.

[copiertec]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?

... only if you understand what you are buying, what the fees are and are willing to immediately lose 50% of any money you speculate with.

Bitcoin is still at an all time high compared to just a month ago at $20,000.00 . It could still fall a long way from today's $33,000.00 valuation.

[BillyCarpenter]

Re: Anyone into Cryto currency?

... only if you understand what you are buying, what the fees are and are willing to immediately lose 50% of any money you speculate with.

Bitcoin is still at an all time high compared to just a month ago at $20,000.00 . It could still fall a long way from today's $33,000.00 valuation.

Just curious, how much have you personally made off bitcoin?

[SalesServiceGuy]

Re: Anyone into Cryto currency?

Just curious, how much have you personally made off bitcoin?

I do not invest in Bitcoin directly.

Bitcoin trades 24/7. I do not want to think about it all of the time.

I do have an ETF that trades Bitcoin for me that I first invested in back in Sept 2020. I am up more money than most copier technicians will make in six months.

I have no plans to sell my investment in the next couple of years so it is all paper profits. Not the kind you can spend but if you do cash in you have to pay taxes on it. I view it as a retirement bonus when my income will be much lower.

[slimslob]

Re: Anyone into Cryto currency?

Bitcoin (BTC): $200 billion wiped off cryptocurrency market

Good buy time?

"perhaps signals some profit-taking from investors." Perhaps?????

[SalesServiceGuy]

Re: Anyone into Cryto currency?

"perhaps signals some profit-taking from investors." Perhaps?????

100%. Both profit taking and risk reduction with an eye to buying back in.

There is a huge amount of global money flowing into Bitcoin in Jan 2020, the start of a new fiscal year.

Many investors are demanding that their portfolios allocate 5% of their assets into Bitcoin in search of higher yields.

Many investors live in economies where they want to hide a part of their wealth from their gov'ts.

The ideal situation would be to redeem 100% of your initial investment and let your profits ride to wherever it takes you.

[mrnapolean1]

Re: Anyone into Cryto currency?

I used to use it back around 5 years ago but I don't use it anymore.