General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsHas anyone here actually made money from Bitcoin?
I can't make up my mind on this thing, what's the DU consensus towards it?
underpants
(182,876 posts)viva la
(3,315 posts)If you're going to go for crypto, btw, there are much more environmentally friendly options.
https://www.thetimes.co.uk/money-mentor/article/eco-friendly-cryptocurrencies/
Sherman A1
(38,958 posts)With no expectations of that changing.
Hugin
(33,198 posts)I try to avoid things which are easy to buy and difficult to sell. Such as tulips.
jmbar2
(4,906 posts)Effete Snob
(8,387 posts)When PayPal made it an option, I figured there would be a lot of buying, so I tossed in $500 and some change. That stake went up over $1200 earlier in the year and is now at $814.
I should probably just take my initial $500 out, but who knows, maybe there will be another spike in the future, or inflation jitters, or maybe it just collapses.
Never play with more than you can afford to lose.
brush
(53,841 posts)since you now know what the low is?
lame54
(35,318 posts)Sorry, I just wanted to sound like I know what I'm talking about
Hoyt
(54,770 posts)Bet some folks end up holding the bag at some point.
I think Ill just let younger folks invest in that stuff.
3Hotdogs
(12,405 posts)I don't understand it.
WhiskeyGrinder
(22,420 posts)it years ago. It's a bubble that's passed.
Journeyman
(15,038 posts)between staying out of Bitcoin and not plunking money into Ponzi schemes.
YMMV but I'm reluctant to sock money into schemes and scams that seem more at home in a carnival midway.
Quixote1818
(28,967 posts)I call it the Seinfeld investment. Instead of being a show about nothing, it's an investment in nothing. Pure speculative investment that could possibly go to zero. The only way it totally takes off for good is if it replaces regular money which it wont.
The most any real legitimate investor will put in it is 10% (they admit it's a big risk) and most just completely avoid it.
Here Are 4 of Bitcoin's Biggest Critics
by Emma Newbery | June 9, 2021
https://www.fool.com/the-ascent/cryptocurrency/articles/here-are-4-of-bitcoins-biggest-critics/
Warren Buffett
Peter Schiff
Paul Krugman
Bill Gates
Earth-shine
(4,044 posts)lost his password, so he can't access it. There is no recourse.
This person is well-known technology podcaster Leo Laporte of tech.tv.
Quixote1818
(28,967 posts)It had gone way up but there was nothing he could do about it.
ansible
(1,718 posts)Johonny
(20,881 posts)but I've not
FrankChurchDem
(12,690 posts)Do quite well. Lots of cheap hydro power.