Cryptocurrency -- investing

rmandy · Post by **rmandy** » Thu Jun 15, 2017 7:50 pm

Crypto currency is the new buzzword catching up heavily with upward trending as well new digital currencies coming up after the success of Bitcoin followed by Eutherium.

Please provide your inputs on these investments and future.

Umang · Post by **Umang** » Thu Jun 15, 2017 7:55 pm

rmandy;657550Crypto currency is the new buzzword catching up heavily with upward trending as well new digital currencies coming up after the success of Bitcoin followed by Eutherium.

Please provide your inputs on these investments and future.

Can't provide any investment advice. It is very unstable with money being looted regularly, hasn't yet come of age, has no stability and is yet to live up to its promise. The number of startups burgeoning in this area is just enormous. It is very difficult to chose a winner. But, an utterly fascinating area that shall no doubt take over finance in the near future.

Desi2return · Post by **Desi2return** » Thu Jun 15, 2017 7:59 pm

rmandy;657550Crypto currency is the new buzzword catching up heavily with upward trending as well new digital currencies coming up after the success of Bitcoin followed by Eutherium.

Please provide your inputs on these investments and future.

Are you good with technical analysis? If so, focus on *deep* pull backs to support areas and buy. Its 100% gambling and pros will eat you for snack if you are not careful and don't know what you are doing. Just my 2 bitcoins :)

punjabi · Post by **punjabi** » Thu Jun 15, 2017 8:56 pm

if you had bought bitcoins worth $100 in 2010 it would be worth $75 million now
I regret never buying any all these years
I have just bought one ethereum for $350 as a gamble i bet it will crash now

rmandy · Post by **rmandy** » Fri Jun 16, 2017 6:52 am

Yup.. by seeing 2010 trends to now.. .bit tempting...

https://coinmarketcap.com/currencies/bitcoin/

https://coinmarketcap.com/currencies/

Many players in the game but gambling with portfolio might if you are lucky even if one clicks..

techynt · Post by **techynt** » Fri Jun 16, 2017 4:38 pm

Its an alternate currency predominantly used for black market dealings like drugs, extortion etc..

And some cool kids want to use it to buy a latte too....

Some countries have legalized it, my guess, they want to know who has how much so that they can follow the money trail(how did you get it) and get to the criminals.

rmandy;657550Crypto currency is the new buzzword catching up heavily with upward trending as well new digital currencies coming up after the success of Bitcoin followed by Eutherium.

Please provide your inputs on these investments and future.

Umang · Post by **Umang** » Fri Jun 16, 2017 5:28 pm

techynt;657595Its an alternate currency predominantly used for black market dealings like drugs, extortion etc..

And some cool kids want to use it to buy a latte too....

Some countries have legalized it, my guess, they want to know who has how much so that they can follow the money trail(how did you get it) and get to the criminals.

You are hopelessly out of date on this subject.

rmandy · Post by **rmandy** » Fri Jun 16, 2017 10:23 pm

Umang,
Can you help us with knowledge you have in this area...

Umang · Post by **Umang** » Fri Jun 16, 2017 10:29 pm

rmandy;657616Umang,
Can you help us with knowledge you have in this area...

I have no knowledge in this area. I tried to figure out how cryptocurrencies work and failed miserably. Also, this was my interest some time ago. Shall have to get back into it.

Read https://bitcoinmagazine.com/ and the various sub-reddits devoted to the subject. That's all I can advise. If I come across some interesting reading material I shall post it on this thread.

Your thread has re-invigorated my interest in cryptocurrencies.

https://www.reddit.com/r/CryptoCurrency/comments/6hfbdl/investing_advice_in_this_sub_summed_up_in_one/

http://libgen.io/search.php?req=cryptocurrency&lg_topic=libgen&open=0&view=simple&res=25&phrase=1&column=def

http://libgen.io/search.php?req=bitcoin&open=0&res=25&view=simple&phrase=1&column=def

punjabi · Post by **punjabi** » Fri Jun 16, 2017 11:53 pm

I believe cryptos have a great future. Sooner or later they will be a major alternative currency along with normal currencies and gold/silver etc but the million dollar question is which crypto will make it big. Bitcoin suffer from high transaction time ,ether is fast and is second best and who know which one of litecoin,dash, ripple etc will take off. Probable spread your gamble money in these.