The Bitcoin craze is back in the spotlight

zerocool2009

Executive Member
Joined
Sep 4, 2009
Messages
6,472
That to me is still the biggest con. If it was about the technology it would have used a stable asset to trade on the blockchain. But from its inception Bitcoin was touted as being deflationary so it's more about the value and a way to get rich than about the technology.

I agree fully! 3 years back friends asked me what I think of bitcoin... my reply, if you have debt -> kill that

We will shortly see all the new documentaries how guys saying its the “new” thing! Hello ferrari’s and lambo’s!
 

Robocop

Senior Member
Joined
Mar 5, 2007
Messages
770
Bought some in April. Made a 300% profit in 7 months. I see that as a good investment.
 

tjma2001

Well-Known Member
Joined
Jun 27, 2008
Messages
167
It doesn't matter to me what the price is. I buy every month. I buy whenever I have a bonus. I buy all the time. I got into crypto only seriously 2 years ago but its been the best savings technology for me. My time horizon is 10 years. The only things I can see comparable to the gains over that time frame, are Tesla, SpaceX and if it was spun out into its own company, Starlink.
 

PAYBACK

Expert Member
Joined
Aug 5, 2003
Messages
2,022
If you give me R10k right now to buy bitcoin, I'll put in under my mattres. Bitcoin is build on tears. Even if it goes to $30k, that thing will crash to $10k. Play careful. You odds are equal at the casino.
You forgot to add "this is not financial advise".
 

Easter Bunny

Expert Member
Joined
Feb 14, 2007
Messages
1,707
Bought some in April. Made a 300% profit in 7 months. I see that as a good investment.
i put in some money about 2 or so years ago and lost most of it through bad trades (not money i'll miss and i knew the risks), then with only a couple hundred left i bought when it was 90k and then sold when it got to 220k (thought it would crash again). obviously wished i held out a bit longer, but not sad about almost being even again. :)
 
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