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Thanks for the tip but I'll pass. :lol:

No worries. It's a great risk, no more than going to the casino tho. $25,000 with a shot of being worth much more is a risk I'm willing to take at this point.

 

:cheers:

 

This is inside an IRA So it's not a short term play unless.....

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If any of you guys have Bitfinex Id recommend checking if anyone has logged into your account from an unknown IP. Someone did on mine. Luckily I froze it in time and nothing was taken. I bet there is a big hack going on right now and we are going to find out tomorrow or something a lot of crypto was taken.

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bump

 

Anyone cash out and make a profit?

 

I just realized it was this time last year that crypto mania hit and everyone with an internet connection was dumping money into it.

 

:lol:

 

What a focking joke. The .com bubble on steroids, that literally evaporated overnight. Dec 2017 people were cashing out millionaires, by MLK day portfolios were worthless.

 

I don't even remember what my login credentials are for coinbase and the other place so I can't even check to see my balances but pretty sure they are close to zero.

 

 

 

Did any of the "whitepapers" turn into actual business?

 

I assume BTC and ETH are still around, did anything else survive?

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This is getting really popular, I know quite a few people jumping in. This just screams bubble to me.

 

I am wrong all the time though, but no way am I getting in now.

 

You have people buying in not because they want to use the product, but rather because they see people making money.

 

Same thing happened in the housing market. People were buying houses as investments rather to live in.

 

 

Just my opinion, not saying I am right, only time will tell.

I am wrong a lot, but i saw this coming a mile away.

 

My current opinion is that crypto's will mainly be used by 3rd world countries as a way of combating inflation. Even with all the money some of them have lost it is still doing better than Venezuala's currency.

 

 

The other thing to remember is remember the .com bubble. The few that did not go under, ie Amazon recovered pretty good in the long term. This may turn into a great 10+ year investment.

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I never got out because the buddy who got me in kept repeating that it's a long term investment. He is a pretty damn good investor, so I just stuck with it. I have no plans on cashing out. If it ends up 0 then so be it.

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Haha - yeah I kept a relatively low investment of 2.5k into this. My wife wasn't mad when I told her how bad it's gotten. We'll see where it's at in 5-10 I guess. Will just check in every few months or so until then...

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Haha - yeah I kept a relatively low investment of 2.5k into this. My wife wasn't mad when I told her how bad it's gotten. We'll see where it's at in 5-10 I guess. Will just check in every few months or so until then...

 

if it does go up in say, 5, 10, 20 years, i won't remember how to get at it :lol:

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Hopefully everyone's cold storage devices don't fail by then.

 

If you leave it on the internet, it'll get stolen anyway.

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if it does go up in say, 5, 10, 20 years, i won't remember how to get at it :lol:

Ha!

 

Im sitting here, slightly drunk trying to remember the other site where I have my worthless bitcoins.

 

I have ETH and LTC at coinbase, but bitcoin at the other one.

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Let's say hypothetically I put in $14.

 

At some point it may have grown as high as $32.

 

Along the way I would have had a conversation with myself:

 

"Well, I could cash out my original $14 and play with house money."

 

"Yeah, but it's so much easier to make money when you have more in play. Besides, at this point it would have to really crash for you to actually lose money."

 

Good thing it was all hypothetical. :(

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I have some Schrute bucks.

 

Poor people don't have money to try new things. you wouldn't understand.

 

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Poor people don't have money to try new things. you wouldn't understand.

 

 

Hi Ed. Welcome back.

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Yeah I stayed away. Mostly because I'm 51 and risky investments are more difficult for me at this stage. I applaud those that took the risk, cause you never know. We all know the stories of MSFT, Apple etc.....so congrats on trying...Like someone else said, as long as you didn't mortgage everything, it's not a lot different than a few trips to the casino.

 

Hope it pays off or at least breaks even for those that did drop a few $$ on it. I'm of course glad I didn't(hindsight) but sure would have been jealous if you kids god paid!!!

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to think. I came 'this' close to dropping 10k on 1 bitcoin.

 

people here convinced me to get ethereum instead.

 

saved me 7 grand

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