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Old 11-12-2017, 09:18 AM   #1
Ming the Merciless Ming the Merciless is offline
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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
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Old 11-12-2017, 09:30 AM   #2
Rausch Rausch is offline
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Originally Posted by Pawnmower View Post
Unless you are mining it in a rented apartment, where your landlord pays the electric bill...theres no guaranteed return.
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...
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Old 11-12-2017, 12:32 PM   #3
Ming the Merciless Ming the Merciless is offline
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Originally Posted by Rausch View Post
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...
I agree regarding bitcoin, but you can mine other coins effectively still...especially if you get free electric lol
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Old 11-12-2017, 12:34 PM   #4
Rausch Rausch is offline
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I agree regarding bitcoin, but you can mine other coins effectively still...especially if you get free electric lol
Bitcoin has tangible value.

Other coins are speculation.

I think we should make that obvious here...
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Old 11-12-2017, 12:35 PM   #5
Ming the Merciless Ming the Merciless is offline
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Originally Posted by Rausch View Post
Bitcoin has tangible value.

Other coins are speculation.

I think we should make that obvious here...
That's false..on both counts really

Bitcoins are not tangible..

All coins are speculative

There's several other coins with market caps in the billions

Like ethereum , ripple and litecoin

Another altcoin could very easily usurp bitcoin as the main coin...in fact many think bitcoin is over valued at 100 billion mc. Some really smart people think its true value could be 10x less currently and have published papers regarding this.

Remember Alta vista search engine? Google came much later...etc

Pretending bitcoin is safe is unwise...as is pretending it's not speculative.

In fact it is MUCH more safe to invest in multiple coins than 1 single coin (like the top 3-4 coins...ie BERL)
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Last edited by Ming the Merciless; 11-12-2017 at 12:43 PM..
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Old 11-12-2017, 12:43 PM   #6
Rausch Rausch is offline
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Originally Posted by Pawnmower View Post
That's false..on both counts really

Bitcoins are not tangible..

All coins are speculative...
True.

I stand corrected.

Quote:
Originally Posted by Pawnmower View Post
There's several other coins with market caps in the billions
This I'd completely disagree with.

It's as much speculation as the market is.

Quote:
Originally Posted by Pawnmower View Post
In fact it is MUCH more safe to invest in multiple coins than 1 single coin
True...
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Denver rookie QB John Elway, on Jack Lambert, after Lambert and the Steelers knocked Elway out of his first game as a pro (1983).
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I wish I always ended up at gay bars.
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Old 11-12-2017, 12:48 PM   #7
Ming the Merciless Ming the Merciless is offline
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This I'd completely disagree with.
Then you would be factually incorrect. Ethereum even right now, even at 300$ per coin has a market cap of 30 BILLION

https://ethereumprice.org

at 6000$ per coin, bitcoin has a cap of 100 BILLION


Ethereum has done the bulk of this in one year, and very easily could surpass bitcoin as the #1 coin for multiple reasons, not the least of which is smart contracts.
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Old 11-12-2017, 11:20 AM   #8
58-4ever 58-4ever is offline
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Quote:
Originally Posted by Pawnmower View Post
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
This. ethereum is one that even Microsoft is making a bet into. That part will be interesting as people start to use Blockchain as a service to develop products around Healthcare and Financial Services.
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