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Bitcoin/Ethereum/Litecoin

Discussion in 'Investment and Retirement Planning' started by mrivc211, May 31, 2017.

  1. mrivc211

    mrivc211 Well-Known Member

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    work work work work work contract
     
  2. mrivc211

    mrivc211 Well-Known Member

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    Invest only what you can afford to lose. This isn't meant to be a retirement plan but rather an opportunity that may not come around for another 10-15 years like the dot com bust. Ride the wave.
     
    Cessnaflyer likes this.
  3. mrivc211

    mrivc211 Well-Known Member

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    With the less known coins such a bitshares(which I chose because it had high daily trading volume which allows you to get out if you make a killing fast) they only allow you to buy shares by trading bitcoins. So you'd have to buy bitcoins and trade your bitcoin to their address. Try poloniex
     
  4. mrivc211

    mrivc211 Well-Known Member

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    Litecoin is over $50 right now and climbing. My hope is that it breaks $100 just like ETH. I bought ETH at $89 because I felt it could easily be between $300-500. I bought litecoin at $25. I feel it could easily be at $100-150.
     
  5. bimmerphile

    bimmerphile SuperCritical™ Member

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    I'm curious what about litecoin and ethereum makes you establish such a price target
     
  6. mrivc211

    mrivc211 Well-Known Member

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    Comparisons of other currencies. Where they were at certain dates and what happened at those dates. At the end of the day someone can explain why they bought Apple at $500 per share, but theres always going to be 10 guys lined up behind him telling him why he made a bad decision. Those same 10 guys never take risks, the same 10 guys constantly tell you about wanting to start a business outside of aviation on a 4 hour flight yet will never do anything about it. Those same ten guys will also go on the company forums and spend endless hours/days claiming they will Burn the house down if they don't get at least a 5% raise. The contract will then pass and the process starts over :)
     
  7. bimmerphile

    bimmerphile SuperCritical™ Member

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    Ok.

    What were the turning points/events that produced price movement for Litecoin and Ethereum? What other currencies are you comparing them to, BTC or fiat?

    It's cool if you're just playing with the volatility and "riding the wave" we've all done it


    Sent from my SM-G900V using Tapatalk
     
  8. mrivc211

    mrivc211 Well-Known Member

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    lol really?
     
  9. bimmerphile

    bimmerphile SuperCritical™ Member

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    Yes
    Because you sound like most people that suddenly care about cryptocurrencies, once they hit a new record price and make their way back into the mainstream news cycle.
    I totally get it if you enjoy trading the volatility, it's easy money, just a bit disingenuous to sit there and say you have a strategy if you don't. Some people trade leveraged ETFs, others trade crypto


    Sent from my SM-G900V using Tapatalk
     
  10. bimmerphile

    bimmerphile SuperCritical™ Member

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    if they don't put it in bitcoin they'll put it somewhere just as volatile. personality types are drawn to big gains and seem to ignore the losses, confirmation bias blah blah

    bitcoin arguably has the best supply control, there's already a limit for the amount of currency to ever circulate. It's considered legal tender
    http://www.coindesk.com/japan-bitcoin-law-effect-tomorrow/
     
  11. mrivc211

    mrivc211 Well-Known Member

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    Just do your own research. Do you hit up wall street guys and expect them to divulge how they make their money? I simply thought I'd give fellow pilots a tip, not to go into financial investment strategies.
     
  12. wheelsup

    wheelsup Well-Known Member

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    I'm really happy for guys making a lot of real money trading this stuff. I think it's great. There was a guy on another board who made $500k out of $1,000 and sold, paid his taxes, and bought a condo in DC outright. Dude won the lottery! Awesome for him. Just don't pretend this is investing, it's nothing of the sort.

    The US Government won't let this go mainstream. They've already shut down paying people in "$5" gold coins (valued at much more than that in real gold). There is no way to tax and track this "money", and the only source of value is what others assign to it. As soon as it loses favor it'll crash.

    Don't let that stop you (and I'm sure it won't, the attraction is great) I just can't even see throwing a couple grand at it. Just me though. It would be neat to buy a new car for $1,000 :).

    The underlying technology of blockchain currency is solid. It's the future of transactions. However it's the technology that is valuable, not "currency" that uses it right now. IMO.
     
  13. n57flyguy

    n57flyguy Well-Known Member

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    noobie Q - whats the best way to buy litecoin?
     
  14. mrivc211

    mrivc211 Well-Known Member

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    sign up at coinbase.com
    it will walk you thru how to link up your bank account. Then its the same process as using scottrade to buy stocks.
     
  15. Cessnaflyer

    Cessnaflyer Wooooooooooooooooooooooooooooooo

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    Bitcoin down 13%, Ethereum down 42% and Litecoin down 14%. Things got a bit heated here.
     
  16. z987k

    z987k TeamANC

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    So buy more?
     
  17. Cessnaflyer

    Cessnaflyer Wooooooooooooooooooooooooooooooo

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    eh. I am already annoyed by the time it takes coinbase to transfer money. I'll put my money somewhere else.
     
  18. z987k

    z987k TeamANC

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    So are all the new coins just startups hopeful that they'll be the one that wins in the end? Seems like the point would to eventually have one world cryptocurrency, not 196.
     
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  19. jskibo

    jskibo Old

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    Wanna get in on DergCoins? I have a few
     
  20. bimmerphile

    bimmerphile SuperCritical™ Member

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    A bunch of redditors paid up for a small time nascar team sponsorship for Dogecoin
    [​IMG]
    [​IMG]
     
    alaskadrifter and z987k like this.

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