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Bitcoin
#14056821
07/09/21 02:36 PM
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Joined: Oct 2007
Posts: 5,084
DavidWhatley
OP
TFF Celebrity
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OP
TFF Celebrity
Joined: Oct 2007
Posts: 5,084 |
Haven't seen any discussion recently here on Bitcoin, so what are your thoughts about it and similar stocks Investments?
"Every man must live with the man that he makes of himself, and the better job he does at molding his character and improving his mind, the better company he will have." Pauline Whatley
A wise man once said.......Nothing
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Re: Bitcoin
[Re: DavidWhatley]
#14056823
07/09/21 02:41 PM
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Joined: Apr 2008
Posts: 41,002
CCTX
mapquest
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mapquest
Joined: Apr 2008
Posts: 41,002 |
I wouldn't place bitcoin and stock investments in the same category. Purchasing bitcoin is speculation. Purchasing stocks is an investment.
You can make and/or lose money with either modality.
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Re: Bitcoin
[Re: CCTX]
#14056832
07/09/21 02:47 PM
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Joined: May 2007
Posts: 40,427
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,427 |
I wouldn't place bitcoin and stock investments in the same category. Purchasing bitcoin is speculation. Purchasing stocks is an investment.
You can make and/or lose money with either modality. Pretty accurate, stocks can be evaluated and valued based on earning, growth potential, debt, etc. Bitcoin is like betting red or black at roulette table. Pure gambling.
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Re: Bitcoin
[Re: DavidWhatley]
#14056897
07/09/21 03:27 PM
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Joined: Aug 2015
Posts: 3,952
Pintail711
TFF Team Angler
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TFF Team Angler
Joined: Aug 2015
Posts: 3,952 |
[censored] will go to zero. Don’t buy that.
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Re: Bitcoin
[Re: Pintail711]
#14056904
07/09/21 03:37 PM
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Joined: May 2007
Posts: 40,427
WAWI
TFF Guru
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TFF Guru
Joined: May 2007
Posts: 40,427 |
[censored] will go to zero. Don’t buy that. That's where I think it will land but nobody gives a [censored] what I think lol
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Re: Bitcoin
[Re: DavidWhatley]
#14056916
07/09/21 03:49 PM
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Joined: Aug 2006
Posts: 18,127
COFF
TFF Guru
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TFF Guru
Joined: Aug 2006
Posts: 18,127 |
The only way bitcoin has any value is from some other schmope wanting to buy bitcoin.
Now the same thing could have been said about a hundred dollar bill back in the 1930's when the US moved away from the gold standard. But the dollar had the backing of the government which is something crypto currency is lacking.
I really wish I would have used my whole bankroll to buy bitcoin several years ago, but I didn't believe in it. Now I see it as a bubble just waiting to burst, so I am still not interested in investing.
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Re: Bitcoin
[Re: DavidWhatley]
#14056928
07/09/21 03:54 PM
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Joined: Feb 2008
Posts: 8,590
Brandon Adamcik
TFF Celebrity
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TFF Celebrity
Joined: Feb 2008
Posts: 8,590 |
I know some folks that might part with some of their Dinars….
Czechfish
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Re: Bitcoin
[Re: DavidWhatley]
#14056932
07/09/21 03:55 PM
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Joined: Dec 2012
Posts: 22,544
lconn4
TFF Guru
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TFF Guru
Joined: Dec 2012
Posts: 22,544 |
That Tiger King money looking good!
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Re: Bitcoin
[Re: WAWI]
#14056961
07/09/21 04:13 PM
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Joined: Nov 2005
Posts: 3,227
CrazyCrappieGuy
TFF Team Angler
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TFF Team Angler
Joined: Nov 2005
Posts: 3,227 |
I wouldn't place bitcoin and stock investments in the same category. Purchasing bitcoin is speculation. Purchasing stocks is an investment.
You can make and/or lose money with either modality. Pretty accurate, stocks can be evaluated and valued based on earning, growth potential, debt, etc. Bitcoin is like betting red or black at roulette table. Pure gambling. Agreed. I will add, with Stocks there is a calculated expected return that drives stock value. With bitcon, the expected return is zero. It is a currency. I good currency is a stable one. Stocks and bitcon can go up and down, based on speculation (supply and demand), the key difference is that stocks have a expected return greater than zero. There are stocks with zero and negative expected return, those are your penny stocks. That being said, I have bought bitcoin as an investment for the fun of it, represents less than 1% of my portfolio.
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Re: Bitcoin
[Re: DavidWhatley]
#14056962
07/09/21 04:14 PM
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Joined: Aug 2008
Posts: 1,623
CaptainCrunch
Extreme Angler
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Extreme Angler
Joined: Aug 2008
Posts: 1,623 |
It's always a hot topic on the way up, but gets really quiet as it goes off the cliff.
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Re: Bitcoin
[Re: DavidWhatley]
#14057050
07/09/21 05:28 PM
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Joined: Aug 2015
Posts: 3,952
Pintail711
TFF Team Angler
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TFF Team Angler
Joined: Aug 2015
Posts: 3,952 |
When 14 year olds are pumping crypto on YouTube and tiktok, then that should tell you to stay away from it… hell my daughter came home from school, 5th grade mind you, and asked me if I ever heard of dogecoin? Hell yes people made money, lots off it too, some are on this forum if they were smart enough to sell… give another 3 years and these crypto bulls will be giving handies out behind whataburger.
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Re: Bitcoin
[Re: Pintail711]
#14057107
07/09/21 06:34 PM
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Joined: Jul 2012
Posts: 22,230
Davedave
Bigfoot Seeker
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Bigfoot Seeker
Joined: Jul 2012
Posts: 22,230 |
When 14 year olds are pumping crypto on YouTube and tiktok, then that should tell you to stay away from it… hell my daughter came home from school, 5th grade mind you, and asked me if I ever heard of dogecoin? Hell yes people made money, lots off it too, some are on this forum if they were smart enough to sell… give another 3 years and these crypto bulls will be giving handies out behind whataburger. This is another reason to stay away from Whataburger.
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Re: Bitcoin
[Re: Davedave]
#14057116
07/09/21 06:39 PM
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Joined: Nov 2004
Posts: 38,095
RickS.
TFF Guru
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TFF Guru
Joined: Nov 2004
Posts: 38,095 |
When 14 year olds are pumping crypto on YouTube and tiktok, then that should tell you to stay away from it… hell my daughter came home from school, 5th grade mind you, and asked me if I ever heard of dogecoin? Hell yes people made money, lots off it too, some are on this forum if they were smart enough to sell… give another 3 years and these crypto bulls will be giving handies out behind whataburger. This is another reason to stay away from Whataburger. I don't care. That's just funny. For me and crypto in general. It's fun to flip on a boring weekend. I'll never hold it very long. Way too volatile.
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Re: Bitcoin
[Re: DavidWhatley]
#14057157
07/09/21 07:13 PM
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Joined: Dec 2011
Posts: 8,966
H.Town_paddler
TFF Celebrity
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TFF Celebrity
Joined: Dec 2011
Posts: 8,966 |
I own some ETH. After being down a little I’m about where I started.
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Re: Bitcoin
[Re: DavidWhatley]
#14057188
07/09/21 07:42 PM
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Joined: Dec 2003
Posts: 36,424
Allison1
TFF Guru
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TFF Guru
Joined: Dec 2003
Posts: 36,424 |
Everyone has heard of the 10k trade for a couple pizza's when bitcoin was just starting. https://bitcointalk.org/index.php?topic=137.0Its interesting reading through the first couple pages. He was so proud of his pizza he posted pics of them. http://heliacal.net/~solar/bitcoin/pizza/
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