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  1. Junior Member
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    #1

    Default Anyone invest in crypto currency?

    A few years ago, I bought 1 bitcoin for $800. A few weeks later I read that LTC was going to sky rocket and ended up trading my BTC for LTC (doh!). I still have them on hand and will sit on them for a few years I suppose. I recently saw BTC is now around $2500. Any of you holding onto or actively purchasing any crypto currencies?
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  3. Completely Clueless TechGromit's Avatar
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    #2
    Hell, I remember when bit coins were $5, I thought it was a fad that would die out in short order. They were harping on second life too at the time, saying it was the next big thing, with companies setting up virtual offices online, how future business will be conducted in the virtual world. Second life really never went anywhere.
    Still searching for the corner in a round room.
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  4. Senior Member
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    #3
    I mined for bitcoin but then stopped after a week or so. Having to keep your PC on 24/7 was not looking good for me especially since i had the pc in my room. I think I still have my wallet and have like 0.00001543 bitcoin lol.
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  5. Senior Member
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    #4
    Thought bitcoin was stupid. Knew about it when it was extremely cheap. Thought it would die at $100. Laughed when it got to $500. Can't believe it is $2700 now. Waited too long to get in on Ethereumm so overnight millionaire will never happen, but not making the same mistake twice.
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  6. There is no spoon. p@r0tuXus's Avatar
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    #5
    Missed the train on both Bitcoin and Ethereum, but it's not too late to jump onto Ripple.
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  7. Senior Member MontagueVandervort's Avatar
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    #6
    So can you really sell these things for $2,783.97 a piece now? Am I understanding this right? Because they used to be worthless lulz.
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  8. Senior Member
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    #7
    Mined a little for lolz like 7 or so years ago... I guess I should have this wallet somewhere, no idea how many bitcoins did I mine, suppose not that many

    But yeah it freaks me out, why on Earth this useless crap with zero ties to reality costs tangible monies. Beyond me...
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  9. Senior Member
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    #8
    My coworker got bitcoin at 1100. And he said his Ether is up 1200%. That jerk.
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  10. Member
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    #9
    I mined bitcoin back when it was $8 or so, got like a bitcoin or a bit more that way. Now looking back I should have kept at it and just held on. I just didn't have the money to actually buy any back in 2011 or whenever it was. I was buying etherum about a year ago around $10 each, then sold around Christmas cause I needed the money, obviously a big mistake considering it's around $170 or so. Also, started buying bitcoin again around $400 a year ago, and did the same. I think once I get a different higher paying job I'll start investing about 3% of my gross pay into etherum and bitcoin, I'm doing about 1% right now which isn't much.
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  11. Junior Member Registered Member
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    #10
    I know a few are interested in it, I think at the rate it is right now it would cost more electricity wise for me to do it at home then what I would "mine"
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  12. Senior Member
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    #11
    Quote Originally Posted by Oregon Jobs View Post
    I know a few are interested in it, I think at the rate it is right now it would cost more electricity wise for me to do it at home then what I would "mine"
    Thats why i stopped.
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  13. Member
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    #12
    I've been watching bitcoin and several alt coins for years. Last December, I sold my 0.25 btc on a reputable exchange, because the price had risen to nearly $800, and I thought it was unlikely to rise much more. So with a couple hundred in my trading account, I looked at their listing for Ethereum, which was $8 to $9 at the time. I didn't buy it, thinking "nah, I don't know much about ethereum, and what if it never rises". Over the next couple months, bitcoin rose to 1200, and ethereum went to the mid 50s. I didn't buy, thinking it was topped out now, and what were the chances it would go up a lot more. Then bitcoin went to 1500, and ethereum to the 80s, and I didn't buy, thinking NOW it is topped out and won't rise much more. Then bitcoin went to 1800 and ethereum to 130, and I didn't buy, thinking that now it was REALLY topped out and couldn't rise much more. Then bitcoin popped over 2000, and ethereum was at 166, and I thought DAMMIT, I AM GETTING IN, I can't stand to not be in this!!! I had $700 in my account after having added cash months ago, so I bought several ethereums. Over the next week, I watched the price rise and fall, and I got out when bitcoin started dropping off and prices seemed more volatile. I made a tiny $11 profit. Oh well, better than a loss, right? I was watching ethereum prices closely last night, went to bed, and didn't ake up until 830. At 630 this morning, when I usually would have been up, ethereum dipped to 120, then rose back to 150 at 830. F@$K my life........
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  14. Junior Member
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    #13
    I've been dollar cost averaging into bitcoin and Ethereum. I'm surprised more people aren't doing similar strategies.

    I don't have the time or guts to drop a couple grand into it, watch it like a hawk then sell as soon as it peaks. I do have faith that the price will continue to climb. I don't have the big cashouts to brag about but I've been putting the cost of lunch in every week and I seem to have about twice that amount sitting in a wallet.
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  15. Senior Member
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    #14
    I bought into ethereum recently and I hope it can produce a 20 percent down payment on a house in a year or two. It has very sound logic behind it. Learn from bitcoin, these digital currencies do nothing but go up. Some are useless copycats but some like Mysterium offer an actual service and are worth researching.
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  16. Member
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    #15
    No one except early believes could've expected the gains that we see today. Stories are abound, of course your famous 10,000 BTC pizza (which in todays dollars would be 23 million USD), a lot of us used BTC for quite silly things before last week. but a wild chain of events lead to the skyrocketing BTC price we have today. It is mind bending to think people are buying cars, houses and cashing out with BTC but its true. Is it too late to invest? Nah, not if you believe the ideology that BTC (and most other alt coins) really are not pegged to anything, so they can be worthless or worth millions each.
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  17. Senior Member
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    #16
    I'm looking into it now, some of you have me convinced.
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  18. They are watching you NetworkNewb's Avatar
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    #17
    Alright you guys got me interested. Just bought a couple Ethereum. You guys are a bad influence...
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  19. Senior Member
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    #18
    I bet all this crypto currency is heavily manipulated through the usage of ransomware. No wonder they go up. Easy money for the hackers, they buy crypto currency when is cheap, then release a ransomware that is only payable via crypto currency. People want their files back so they go and by crypto, making the currency seem valuable. Then they sell the crypto and make money even if no money was made through the ransomware itself. They made the money in the crypto exchanges
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  20. They are watching you NetworkNewb's Avatar
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    #19
    That is true and a good point ^ forces a lot people to buy these currencies even when they had zero plans to. At the least the ones who don't back up their sh*t, which is a lot.
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  21. Stayed at a Holiday Inn.. the_Grinch's Avatar
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    #20
    I wouldn't say I invest in it, but I keep it in mind. Currently looking at Waves as that seems to me where the next "big" thing in cryptocurrency will be.
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  22. Senior Member
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    #21
    Made a quick 1k with Nvidia, pulling me hair now and asking why i sold it at $118, is trading now at 144.
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  23. They are watching you NetworkNewb's Avatar
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    #22
    LOL, I hate/love watching the stocks
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  24. Senior Member
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    #23
    There's a new coin launching next month.
    It could be as big as Ethereum
    https://www.tezos.com/
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  25. Senior Member GeekyChick's Avatar
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    #24
    This is a great thread. Does anyone worry about theft? I would love to buy some cryptocurrency but I worry about it getting hacked and stolen. I mean there is always risk with anything but it seems like this is more at risk since it's anonymous and digital.
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  26. There is no spoon. p@r0tuXus's Avatar
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    #25
    Not all cryptos are anonymous, some are better than others. You can also back your wallet up onto a hardware "wallet" or use a "paper" wallet. Some of the most exciting changes in Cryptos appear to be platforms for processing payments and transferring Bitcoin. There's been a bit of news as of late about BTC due to it's speed (slow) and ways to improve it which are being implemented. Not everyone's happy with it, but convenience has it's allure.
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