Anyone here invest in Bitcoin or any other cryptocurrency?

Trip-trader · 2018-12-21T05:12:12+00:00

It’s gambling, none of those crypto currencies do anything useful. It’s just a bunch of traders buying and selling junk numbers. It’s still incredibly overpriced for what utility any of them do. So if you want to invest make sure it’s a pint that you’ll hold onto for years or till it’s 10x and then sell when it 5-10x your investment. Expect that money is lost and forget about it.

I had a mate invest in BTC made 2x gains, out it all into a alt coin had 2x gains then never sold near peak. He has now held has it dropped 95% in value. It’s not a wise investment but it is a gamble.

Trots04 · 2018-12-20T21:57:21+00:00

I don’t trade regular currency, no way I’m going to trade crypto.

More on the point I don’t think it’s something to long term invest in, like I don’t know many people long term holding certain currency’s because they aren’t actually an income producing asset.

Auxfite · 2018-12-20T23:21:46+00:00

If you want to be rich buy btc,xrp,eth,Ltc and hold for 1-2 years. If you’re not willing to hold then I wouldn’t bother.

ramokaly · 2018-12-20T23:27:44+00:00

I do. Currently not hodling btc though as I sold before it halved back in November. Not gonna shill you my coins but try to look for sub $1 coins who (potentially) have good utility. Meaning coins that try to solve a real world problem by building a real product.

[deleted] · 2018-12-20T23:42:45+00:00

All about funds.

Selling

Buying

TheGoblinTurkey · 2018-12-21T07:19:52+00:00

I'd suggest trading in company stocks instead.

The problem with cryptocurrencies is that most people who are interested and trade are either technical people with no knowledge of finance / currency trading, or traders with no knowledge of how the underlying technology works.

The result is a clusterfuck circlejerk of people who all know just enough to think they're ahead of the game, when the reality is far from that.

jacques_cousteau007 · 2018-12-21T07:55:50+00:00

You’re welcome

Title	Anyone here invest in Bitcoin or any other cryptocurrency?
Author	PacheHampton
Upvotes	1
Comments	7
Date	December 20, 2018 9:37 PM UTC (7 years ago)
Subreddit	Posted in /r/askTRP
Original Link	https://old.reddit.com/r/asktrp/comments/a82syp/anyone_here_invest_in_bitcoin_or_any_other/
Archive Link	https://theredarchive.com/r/askTRP/anyone-here-invest-in-bitcoin-or-any-other.71172 https://theredarchive.com/post/71172

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