Bitcoins/Litecoins/Virtual Currencies
- Thread starter Tripamang
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Ravishing
Uninspiring Title
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- 3,577
I do think BTC is a runaway train at this point. Due to the nature of the currency I think it can only climb, and it's going to climb fast for a while, and every new entity that jumps into it will just make it more and more legit. I won't say it's crash proof, but I don't think we'll ever see a sub-10k value again. 20% correction only knocks a few 1000 off the price. Something catastrophic would need to occur for it to crash 50%. Hacking, major failure, governments shutting it down somehow...
But because it's global and there are a finite number of coins, it's going to keep going up in the long run. I can see 50-100K next year.
I also don't think we see any major correction while the US economy is booming. BTC could have major growth in the next 5-10 years.
10 years from now 1 BTC could be a $1mill / coin.
It gained 30% since yesterday.
It's up 2100% this year.
It went from $900 to $17k this year.
Even if it does something like 25% for the entire next year, that makes it a $22k coin eoy 2018, and 25% gain is still incredibly great roi.
At this point I see no reason not to invest in it. Going to start making weekly/monthly buys, not going crazy but basically treating it like a 2nd retirement acct.
But because it's global and there are a finite number of coins, it's going to keep going up in the long run. I can see 50-100K next year.
I also don't think we see any major correction while the US economy is booming. BTC could have major growth in the next 5-10 years.
10 years from now 1 BTC could be a $1mill / coin.
It gained 30% since yesterday.
It's up 2100% this year.
It went from $900 to $17k this year.
Even if it does something like 25% for the entire next year, that makes it a $22k coin eoy 2018, and 25% gain is still incredibly great roi.
At this point I see no reason not to invest in it. Going to start making weekly/monthly buys, not going crazy but basically treating it like a 2nd retirement acct.
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Noodleface
A Mod Real Quick
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- 16,249
I'm a noob when it comes to this stuff. If I wanted to toss a couple bucks at this where's the best place?
Do I need to buy a solid 1 BTC or how does it work?
Do I need to buy a solid 1 BTC or how does it work?
chaos
Buzzfeed Editor
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- 4,839
you can buy fractions. There's like a hundred bitcoin exchanges, imo I'd recommend an offline wallet. How to set up a secure offline savings wallet - Bitcoin Wiki
Arative
Ahn'Qiraj Raider
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You can use coinbase, its pretty user friendly. You can buy any amount you want.
Uber Uberest
rdr^2
- 2,719
- 2,340
So I sign up for Coinbase, buy a couple bitcoin and then just hang on to them. I’m about as new to this as possible, does this sound like a solid plan?
Siliconemelons
Naxxramas 1.0 Raider
- 12,196
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lol I bought 50$ of btc lite and eth yesterday at a christmas lunch at work because an old co worker was "I TOLD YOU WE NEEDED TO BUY THEM LAST YEAR" soooo pissed, me2
anywho...
wonder that my 50$ is worth now haha
anywho...
wonder that my 50$ is worth now haha
