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Totally non football question

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BBCHS77

Freshman
Jan 23, 2017
852
87
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Anyone here hopping into the craze of digital currency yet? I did about a month ago, not a lot, but up about 50%.. old guy in me says get out now..
 
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Voodoo Tatum 21

All-Conference
May 18, 2016
2,970
1,765
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HHS. Be careful with the bitcoins. You and the dark web might not be the best mix. The knock on the door could be coming soon......
 
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Voodoo Tatum 21

All-Conference
May 18, 2016
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Read in the USA Today (while I was sitting next to the extendo belt guy in the airplane) that the Commodies exchange is going to start trading Bitcoin. Not sure how/if futures etc but they doing something.

Biggest issue currently is hackers. They can take them and it’s a total loss (the virtual equivalent of robbing Fort Knox and taking the gold and melting it down so it’s untraceable.)
 
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ClownBaby

Heisman
Oct 26, 2006
22,188
76,476
113
It just seems to me people are investing in a currency that one day will crash and be gone like a fart in the wind
 
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Voodoo Tatum 21

All-Conference
May 18, 2016
2,970
1,765
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That currency is scary. I can see folks up to no good using it to buy bad harmful stuff on the dark web. Not sure if it will ever be main stream without some significant changes. It also fluctuates too much right now to be mainstream. It’s going up yes - but the opposite can happen. Remember the hyper inflation in Argentina a few decaces back? Can’t be a major currency with massive fluctuations on a daily basis.
 
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TopShelf101

Redshirt
Dec 11, 2017
4
1
0
BBCHS77 said:
Anyone here hopping into the craze of digital currency yet? I did about a month ago, not a lot, but up about 50%.. old guy in me says get out now..
Click to expand...
You should look into Ethereum, bought it at 187.00 couple months ago and it's up to 477.00. Not a digital currency like bitcoin, so there's no harm in it.
 
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BBCHS77

Freshman
Jan 23, 2017
852
87
0
TopShelf101 said:
You should look into Ethereum, bought it at 187.00 couple months ago and it's up to 477.00. Not a digital currency like bitcoin, so there's no harm in it.
Click to expand...

I bought LTC on Wednesday at $98, can't seem to pass the $200 barrier today..
 
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anon_4vszfu35bv677

Guest
BBCHS77 said:
Anyone here hopping into the craze of digital currency yet? I did about a month ago, not a lot, but up about 50%.. old guy in me says get out now..
Click to expand...

When I was just starting to invest, i read Peter Lynch's book on investing. One of his tenants was to "Invest in what you know" and "Invest in companies who are the leaders in their field" But hedge everything with a trailing stop.

I've followed that my entire life.

Since I am a retired Tech executive, you can guess what I own and its not Bitcoin.
 
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BBCHS77

Freshman
Jan 23, 2017
852
87
0
LWeastDad said:
When I was just starting to invest, i read Peter Lynch's book on investing. One of his tenants was to "Invest in what you know" and "Invest in companies who are the leaders in their field" But hedge everything with a trailing stop.

I've followed that my entire life.

Since I am a retired Tech executive, you can guess what I own and its not Bitcoin.
Click to expand...

I think calling it an investment is a stretch... more like playing slots
 
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