Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« on: February 22, 2022, 05:51:49 AM » |
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Just watched a report on cryptocurrency.
Anyone here into that?
The advice is start small, it's considered very high risk but supposedly rewarding if you do it correctly.
Oh but, if you get scammed or in some way cheated and paid in cryptocurrency, it's not like a credit card, you have no recourse, your cryptocurrency is gone and never to be returned.
Rams
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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Sorcerer
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« Reply #1 on: February 22, 2022, 06:04:15 AM » |
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I’m kinda old. Always sounded(s) like a Ponzi scheme.
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hubcapsc
Member
Posts: 16773
upstate
South Carolina
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« Reply #2 on: February 22, 2022, 06:06:17 AM » |
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Serk
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« Reply #3 on: February 22, 2022, 06:21:27 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
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Never ask a geek 'Why?',just nod your head and slowly back away...  IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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scooperhsd
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« Reply #4 on: February 22, 2022, 06:44:31 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
I knew there was a reason I didn't want to get into it.... |
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carolinarider09
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« Reply #5 on: February 22, 2022, 07:32:07 AM » |
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I did the same as Serk a few years back. But I only put in $400 in 2018 (had to look at the website to see). Today is worth about four times that amount.
I left mine in because I could. One never knows.
It did reach a peak of about 600% value
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #6 on: February 22, 2022, 07:44:05 AM » |
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One of the reasons I'll never be a "rich man" is because, I tend to invest in more secure things. I don't believe this meets that criteria. I tearfully remember "Black Tuesday" of about 40 years ago. It's taken a long time to recover from that and I don't plan on going back. With my luck, I'd invest just before it goes bust.
Rams
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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« Reply #7 on: February 22, 2022, 10:36:06 AM » |
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When obama killed some of the US auto industry. Ford shares dropped to $1 but had cash reserves of about 4 billion $. A friend told me about it and that he had bought 1,000 shares. I invested $20,000  and was putt buckered for a while. Couldn't stand the tension and sold them at $12. Phew. I should have waited longer but.......... I'm not a good investor because l can't stand the tension/worry. Sandra's son dabbles in crypto and has paid for some good vacations for he and his wife with the profits. |
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Valkorado
Member
Posts: 10491
VRCC DS 0242
Gunnison, Colorado (7,703') Here there be twisties.
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« Reply #8 on: February 22, 2022, 11:00:09 AM » |
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I dabbled around short term with $100 or less. May have lost a third of that and bailed out. Now, I guess I need to report this experiment on my taxes, and finding the transaction records will be a bear.
Not for me.
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Have you ever noticed when you're feeling really good, there's always a pigeon that'll come sh!t on your hood? - John Prine 97 Tourer "Silver Bullet" 01 Interstate "Ruby"  |
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Reb
Member
Posts: 2363
Don't threaten me with a good time
Greeneville, TN
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« Reply #9 on: February 22, 2022, 11:23:08 AM » |
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Same as Serk, was referred through a friend into coinbase, stuck in 50$ it was around 300$ last time I checked.
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2022 Honda Goldwing Tour DCT
1999 Honda Valkyrie IS
1997 Honda Valkyrie Standard *Supercharged*
1972 Honda CB350F
1978 Honda CB550K
1968 Honda CL175 Sloper
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« Reply #10 on: February 22, 2022, 11:41:26 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Send me the referral. Thanks. |
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Serk
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« Reply #11 on: February 22, 2022, 11:48:35 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Send me the referral. Thanks. PM Sent... Thanks... |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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MotoRod
Member
Posts: 149
My motto .. Buffalo Theory
Clinton TN
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« Reply #12 on: February 23, 2022, 07:13:52 AM » |
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I got in through Coinbase about 4 weeks ago for $100 just to see how it works. Cost 3% to get in and I have been up 6% and down 6% since. I'm at the down 6% now. I have not tried to spend any yet. Has anyone bought anything with it. I use betoline to play poker and they give a bonus to buy in with bitcoin. I just haven't needed to yet.
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MotoRod  |
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« Reply #13 on: February 23, 2022, 07:21:52 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Send me the referral. Thanks. PM Sent... Thanks... Still trying to finalize my account . Hoop jumping to create a payment method. |
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Jess from VA
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« Reply #14 on: February 23, 2022, 10:43:37 AM » |
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I like my money green. I talked on an encrypted phone from time to time, what a pain in the ass that is. NATO exercise. Say again please. Not louder, slower.Hey this thing really works, no one can understand anything. Works like a champ.  |
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f6gal
Administrator
Member
Posts: 6882
Surprise, AZ
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« Reply #15 on: February 23, 2022, 11:19:52 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Referral please. |
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Serk
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« Reply #16 on: February 23, 2022, 11:23:35 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Referral please. PM Sent..... Thanks! |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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f6gal
Administrator
Member
Posts: 6882
Surprise, AZ
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« Reply #17 on: February 23, 2022, 11:44:44 AM » |
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One of the reasons I'll never be a "rich man" is because, I tend to invest in more secure things. I don't believe this meets that criteria. I tearfully remember "Black Tuesday" of about 40 years ago. It's taken a long time to recover from that and I don't plan on going back. With my luck, I'd invest just before it goes bust.
Rams
Damn, you've got a long memory. Black Tuesday was Oct 29, 1929. Now, Black Monday was October 19, 1987. |
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #18 on: February 23, 2022, 01:58:58 PM » |
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One of the reasons I'll never be a "rich man" is because, I tend to invest in more secure things. I don't believe this meets that criteria. I tearfully remember "Black Tuesday" of about 40 years ago. It's taken a long time to recover from that and I don't plan on going back. With my luck, I'd invest just before it goes bust.
Rams
Damn, you've got a long memory. Black Tuesday was Oct 29, 1929. Now, Black Monday was October 19, 1987. Yeah, I was just a glint in my granddaddy's eye back then. Monday, Tuesday, whatever..............  Rams  |
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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« Reply #19 on: February 23, 2022, 07:42:29 PM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Referral please. PM Sent..... Thanks! Bought my first crypto just now. With my luck watch the whole system tank in the next 48 hours. |
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Serk
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« Reply #20 on: February 23, 2022, 07:57:18 PM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Referral please. PM Sent..... Thanks! Bought my first crypto just now. With my luck watch the whole system tank in the next 48 hours. Thanks for the heads up, I'll liquidate all my holdings! |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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« Reply #21 on: February 24, 2022, 06:52:17 AM » |
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After taking a trip to Las Vegas and not gambling a single cent, I decided to dabble in Crypto a bit in lieu of gambling at a casino...
Put $1,000 into crypto. Watched it go up to $5,000 and decided to pull my initial $1,000 out.
Leaving what's there to ride and see where it goes. It's gotten as high as $7,000, and as low as $2,000. At this exact moment it's at $2,900...
The key, IMHO, to safely dabbling in crypto is to use a reputable exchange (I use Coinbase. If anyone wants to dabble in it lemme send you a referral, use it and we both get a few bucks of free crypto) and don't think of it as an investment, think of it as a trip to a casino...
Referral please. PM Sent..... Thanks! Bought my first crypto just now. With my luck watch the whole system tank in the next 48 hours. Thanks for the heads up, I'll liquidate all my holdings! Annnnnnnnnnnd Russia invades Ukraine. Told ya. |
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« Reply #22 on: November 11, 2022, 10:53:58 AM » |
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My big investment has dropped 57%. I can still buy a gallon of gas and a small KIT KAT with the balance. I'll let it roll and see what happens  |
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3fan4life
Member
Posts: 6958
Any day that you ride is a good day!
Moneta, VA
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« Reply #23 on: November 11, 2022, 11:07:36 AM » |
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I haven't invested in Crypto, it just doesn't seem like a wise investment to me. Who knows what the future holds though? I have noticed that my stocks are doing a little better over all. Looks to me like investors might be relaxing a bit on the chance that the Republicans have a chance at reclaiming the Senate and the House. If that's the case I hope liberals will refuse to keep their gains and give them away to a good charity.  |
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1 Corinthians 1:18  |
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Willow
Administrator
Member
Posts: 16600
Excessive comfort breeds weakness. PttP
Olathe, KS
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« Reply #24 on: November 11, 2022, 04:47:35 PM » |
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In some discussion certain financial experts stated that Wall Street likes a division of powers.
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #25 on: November 11, 2022, 06:45:11 PM » |
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In some discussion certain financial experts stated that Wall Street likes a division of powers.
The Stock Market folks like it when the Government is balanced and has a hard time making big changes. Like spending/printing billions of dollars of worthless paper. Which, devalues the dollars we already have. So do I. Rams |
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« Last Edit: November 11, 2022, 06:46:51 PM by Rams »
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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Serk
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« Reply #26 on: November 11, 2022, 07:09:17 PM » |
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My initial $1000 investment bet, which went to $5000, I cashed out my initial $1000 so I'd be whole, then watched the remaining $4000 go up to $6000, is now down to $1300.....
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #27 on: November 12, 2022, 05:39:24 AM » |
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Anyone into FTX, just heard they filed for bankruptcy and anyone that "invested" in FTX is screwed.
I consider Cryptocurrency similar to going to Vegas. Some times you win, sometimes you don't.
If, I had any money invested in such currency, I think the smart thing to do is just as Serk has done.
But, I'd be pulling all I could get out before the whole building of cards collapses. Just my opinion, doesn't mean much.
Rams
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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RP#62
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« Reply #28 on: November 12, 2022, 07:06:08 AM » |
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I never could get past the no intrinsic value thing.
-RP
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Serk
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« Reply #29 on: November 12, 2022, 07:24:22 AM » |
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I never could get past the no intrinsic value thing.
-RP
Ever used a US Dollar after August 15th, 1971? |
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Never ask a geek 'Why?',just nod your head and slowly back away... IBA# 22107 VRCC# 7976 VRCCDS# 226 1998 Valkyrie Standard 2008 Gold Wing Taxation is theft. μολὼν λαβέ |
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cookiedough
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« Reply #31 on: November 13, 2022, 08:52:11 PM » |
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no thanks not for me. I cannot stand the stock market even seeing the more I invest the more it usually goes lower for me in the long run. I guess I will stick with stuffing my home walls with money like my grandparents did.  If CD's or money markets ever go back up to 4-6 percent good enough for me. Right now at say 1 percent is hardly worth saving any money in the bank right? |
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Jersey mike
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« Reply #32 on: November 14, 2022, 03:36:08 AM » |
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Anyone into FTX, just heard they filed for bankruptcy and anyone that "invested" in FTX is screwed.
I consider Cryptocurrency similar to going to Vegas. Some times you win, sometimes you don't.
If, I had any money invested in such currency, I think the smart thing to do is just as Serk has done.
But, I'd be pulling all I could get out before the whole building of cards collapses. Just my opinion, doesn't mean much.
Rams
https://www.theblaze.com/news/ftx-sam-bankman-fried-democrats-ukraineJust a piece of the article; Then the FTX collapse happened. Within the span of a few days, FTX co-founder Sam Bankman-Fried – known in the industry as “SBF” – lost nearly all of his $16 billion fortune in what Bloomberg called "one of history’s greatest-ever destructions of wealth." On Friday, the Bahamas-based FTX was forced to file for bankruptcy after $473 million of its funds were stolen in a hack of the cryptocurrency exchange. Customers rushed to withdraw their funds, but it was too late. |
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« Reply #33 on: November 14, 2022, 05:27:05 AM » |
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no thanks not for me. I cannot stand the stock market even seeing the more I invest the more it usually goes lower for me in the long run. I guess I will stick with stuffing my home walls with money like my grandparents did. If CD's or money markets ever go back up to 4-6 percent good enough for me. Right now at say 1 percent is hardly worth saving any money in the bank right? You missed a 9.6/% I Bond but it's available at 6.8% if you have a long term slush fund to invest https://www.treasurydirect.gov/savings-bonds/buy-a-bond/ |
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #34 on: November 14, 2022, 05:56:52 AM » |
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Anyone into FTX, just heard they filed for bankruptcy and anyone that "invested" in FTX is screwed.
I consider Cryptocurrency similar to going to Vegas. Some times you win, sometimes you don't.
If, I had any money invested in such currency, I think the smart thing to do is just as Serk has done.
But, I'd be pulling all I could get out before the whole building of cards collapses. Just my opinion, doesn't mean much.
Rams
https://www.theblaze.com/news/ftx-sam-bankman-fried-democrats-ukraineJust a piece of the article; Then the FTX collapse happened. Within the span of a few days, FTX co-founder Sam Bankman-Fried – known in the industry as “SBF” – lost nearly all of his $16 billion fortune in what Bloomberg called "one of history’s greatest-ever destructions of wealth." On Friday, the Bahamas-based FTX was forced to file for bankruptcy after $473 million of its funds were stolen in a hack of the cryptocurrency exchange. Customers rushed to withdraw their funds, but it was too late. Would it be appropriate now to say, easy come, easy go? Rams |
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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carolinarider09
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« Reply #37 on: November 14, 2022, 11:27:37 AM » |
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I wonder if that was really "His" money that he donated. |
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Rams
Member
Posts: 16176
So many colors to choose from yet so few stand out
Covington, TN
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« Reply #38 on: November 15, 2022, 03:27:39 AM » |
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I wonder if that was really "His" money that he donated. Hmm, where's there's smoke, there is fire. Although initially skeptical, there sure is a lot of smoke floating around. Didn't intend for this to turn political but, it appears it may be just that. Did the Dems pull another scam on us? Rams |
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VRCC# 29981
Learning the majority of life's lessons the hard way.
Every trip is an adventure, enjoy it while it lasts.
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