Cryptocurrency
 

What is it? How does it work? Why would I invest? What's the guarantee of return?

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Just buy some ETFs like regular people.

Cryptocurrency is the death of reasonably priced computer parts. **** it.

The most expensive game of hot potato you might ever possibly play.

You buy some it costs you some money just to have it then it goes up and down until the bubble bursts or hackers get your coins.

"What's the guaranteed return?"

:facepalm:


"Investing" isn't for everyone.

The guaranteed rate of return is 26% a year.

your welcome.

*you're

There is another good thread about this. IMO, Cryptocurrency is a bubble, but a bubble that is about 3 years away from popping.

Unless you are mining it in a rented apartment, where your landlord pays the electric bill...theres no guaranteed return.

It's really REALLY risky.

Your 'safest' bet is probably to buy a little of the 4 big ones (BERL). Bitcoin, ethereum, ripple, litecoin. Weight toward bitcoin and ether. Buy a little every month and store it off line, on paper...in your safe deposit box.

Plan on holding it for years and it possibly going to zero. Don't invest more than you can afford to lose.

I believe in altcoin...the biggest problem with it is that the altcoin that 'wins' might not even exist right now.

Of all of them I like ether and litecoin, personally....from the little I understand them. I would avoid buying in too much to bitcoin at today's prices....but who knows...it could go higher

IIRC (and I probably don't, I know somewhere between little and ****ing nothing) the whole mining aspect of bitcoin is pretty much done. You either buy and hold or don't bother at this point...

Q

Being ignorant of something is a Q now?...

ROFL exactly

There it is. The official bubbling point.