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-   -   Bitcoin as an investment? (http://forums.pelicanparts.com/off-topic-discussions/788739-bitcoin-investment.html)

rwest 10-25-2024 07:00 AM

Quote:

Originally Posted by sugarwood (Post 12204064)
How?

BTC went from $16k to $40k in 2023.
It is now at $60k

It probably wasn’t Bitcoin, but some other cryptocurrency that scammed him out of his life savings.

Sooner or later 11-10-2024 10:06 AM

Crypto on fire.

Bitcoin up 32% over the last month and 82% year to date.

I wish I owned more.

wdfifteen 11-10-2024 10:22 AM

If I could just unload all these Beanie Babies I'd be in Bitcoin! I wonder what a Beanie Baby is worth in Bitcoin.

Sooner or later 11-10-2024 10:26 AM

Quote:

Originally Posted by wdfifteen (Post 12355481)
If I could just unload all these Beanie Babies I'd be in Bitcoin! I wonder what a Beanie Baby is worth in Bitcoin.

I own it in Blackrock's ETF. IBIT. 0.25% annual expense. Been in since Feb.

zakthor 11-10-2024 02:42 PM

The thread wouldnt be any fun at all if we all agreed.

Pro crypto people remind me of the declining seniors that send money away to their true loves and get angry when told its a scam.

Sooner or later 11-10-2024 03:14 PM

I was never really a pro crypto person. I only got into it when I could buy, hold, and sell it like a normal investment through Schwab at a reasonably expense.

It seemed to me that the ETF would make bitcoin ownership more palatable to a much greater number of people, like me. I can't complain being up 60% since Feb.

stevej37 11-10-2024 03:45 PM

Entering into my 70's, I find myself looking for safer investments than Bitcoin.
The last couple years I've bought into Coinstar.

It's safer and I've never lost any money. I haven't made much either, but I'm still hoping.

speeder 11-12-2024 08:33 AM

Even dogecoin has had a big jump in the last week since the election. It feels like we're moving into a scam economy with the DOW poised to take a big schit. You heard it here first. I've "made" something like $40k in the last week on stocks but today they are already coming back to earth.

People ask me how I feel about the election and I tell them, "it's like watching your mother-in-law go over a cliff in a new GT-3...mixed emotions, for sure." :)

speeder 11-13-2024 08:44 AM

Dogecoin more than quadrupled since October. October was 2 weeks ago. Makes Bitcoin at $92k look like an absolute slug.

Eric 951 11-13-2024 09:37 AM

They are building mining facilities (i.e. "data centers" ) like crazy. The amount of heat the servers throw and the amount of energy they consume is staggering.

HardDrive 11-13-2024 04:18 PM

I've never gotten involved with crypto simply because I don't see any difference between crypto and straight up gambling.

Pazuzu 11-13-2024 07:26 PM

Quote:

Originally Posted by HardDrive (Post 12357490)
I've never gotten involved with crypto simply because I don't see any difference between crypto and straight up gambling.

Gambling only hurt you, maybe your family.

Crypto hurts random innocents. Between ******* with the economy, giving the crazy eyed dude down the street some sort of "I'm a millionaire now!" attitude, and as mentioned above, the fact that it's sapping the freaking electric grid dry.

Good stuff, let's keep supporting crypto.

911 Rod 11-14-2024 05:31 AM

Excuse my ignorance please. Can you cash in crypto?

Sooner or later 11-14-2024 05:54 AM

Taking a hit this morning.

lowyder993s 12-05-2024 04:36 AM

Surprised no one talking about Bitcoin above 100k!

Sooner or later 12-05-2024 04:49 AM

I'm up 114% since I bought in Feb.

lowyder993s 12-05-2024 04:51 AM

Quote:

Originally Posted by Sooner or later (Post 12369157)
I'm up 114% since I bought in Feb.

Congrats!!! I've bought at 3 digits, 4 digits and 5 digits. and I'll I'll buy @ 6 digits too!

Crowbob 12-05-2024 07:43 AM

I’m going big time into tulips.

KFC911 12-05-2024 07:47 AM

I'm still holding out on buying..... waiting for.....

ever :D

One of my better investments .... haven't lost my a$$ on this one ;)

lowyder993s 12-05-2024 07:54 AM

Hfsp!


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