% of crypto in portfolio - Page 6 - Business, Finances and Investing Forum

Are you guys trolling or that ****ing stupid??? (I swear sometimes people backtrack and say they were trolling because they're embarrassed about being ******ed)

I didn't bring up the cars/wiki link to compare it to a crypto currency, I brought it up to point out that even if you correctly called the fact that the automobile would be a major game changer, profiting off of that knowledge by investing in automobile makers would of been a LOT harder then it seems. Just blinding buying cryptos is as smart as blindly investing in random automobile manufacturers when that industry was first starting.

Quote

05-17-2017 , 11:58 PM

#127

TheMVP

old hand

Join Date: Oct 2007 Posts: 1,753

Quote:

Originally Posted by RikaKazak

1. Compare cryptos to car brands

2. Someone points out that car brands don't have the network effects that cryptos do

3. Someone says don't forget about roads (lol)

4. Someone points out that roads have nothing to do with car brands

5. You call everybody stupid

Quote

05-18-2017 , 11:39 AM

#128

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Opinions on Tezos guys? If you like it, what % of crypto what you put into it?

Quote

05-18-2017 , 12:20 PM

#129

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,739

Quote:

Originally Posted by IveGotUrOuts

Opinions on Tezos guys? If you like it, what % of crypto what you put into it?

It's one of those things that whether you like it or not your hand is almost forced to get in. Probably 10% ish.

Quote

05-18-2017 , 12:27 PM

#130

Rant

old hand

Join Date: Oct 2006 Posts: 1,436

Quote:

Originally Posted by RikaKazak

Just blinding buying cryptos is as smart as blindly investing in random automobile manufacturers when that industry was first starting.

I don't think this is true at all. The analogy doesn't hold up because of network effects. Network effects are a very big deal for currency.

Quote

05-18-2017 , 12:57 PM

#131

housenuts

1st Quartiled the 500

Join Date: Jul 2004 Posts: 49,739

Blindly buying various alts is stupid imo. If you have no idea what you are getting into, get btc and eth and leave the rest for the speculators.

Quote

05-25-2017 , 11:34 AM

#132

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by housenuts

Blindly buying various alts is stupid imo. If you have no idea what you are getting into, get btc and eth and leave the rest for the speculators.

Basically I decided to sell all my Bitcoin for Xem and Stratis after I made some profit since I figured I could risk it at that point (since I did buy Bitcoin only to spread risk in the beginning). Obviously hating myself for that now since Bitcoin seems to be going to the moon atm.

Any advice is appreciated now since I don't want to do anything dumb.

Quote

05-25-2017 , 09:43 PM

#133

kylefrey

adept

Join Date: Sep 2008 Posts: 929

Quote:

Originally Posted by housenuts

It's one of those things that whether you like it or not your hand is almost forced to get in. Probably 10% ish.

Intriguing. Can you go into more detail?

Quote

05-25-2017 , 09:48 PM

#134

stinkypete

Carpal \'Tunnel

Join Date: Jul 2004 Posts: 15,783

Quote:

Originally Posted by IveGotUrOuts

Any advice is appreciated now since I don't want to do anything dumb.

Don't trade cryptos just because you have money and "can risk it". If you don't know why you're making a trade, don't make it. If you do know why then you should know what to do when your position loses money.

Quote

05-25-2017 , 09:49 PM

#135

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Quote:

Originally Posted by IveGotUrOuts

Hahahahahaahahahahahh

You bought nem and stratis??

Hahahahahahhahahahahahahahahahahahahahahahahahaahh ahahahahahahhahahah

Quote

05-25-2017 , 09:50 PM

#136

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

OP confirmed esteemed gentleman.

Quote

05-25-2017 , 09:59 PM

#137

ToothSayer

Carpal \'Tunnel

Join Date: Jul 2015 Posts: 13,237

I mean the last thing you want to be in at this stage is the sleazy alt coins. They're true bubblers with no value and are already up 10x or more.

If there's anything meaningful or lasting to the rally, it's going to center around Bitcoin, Ethereum and Ripple. Mostly the first two. The others will crash hard on a whim and not recover.

Quote

05-25-2017 , 10:14 PM

#138

Everest17

veteran

Join Date: Jul 2013 Posts: 3,233

Buy ETH. Hold. Continue with your life.

Quote

05-26-2017 , 01:29 AM

#139

invictus-1

old hand

Join Date: Jul 2009 Posts: 1,896

Quote:

Originally Posted by ToothSayer

If there's anything meaningful or lasting to the rally, it's going to center around Bitcoin, Ethereum and Ripple. Mostly the first two. The others will crash hard on a whim and not recover.

wrong. anonymous coins that are actually used for their utility (i.e. transfer of value on darknet markets) and not speculation about what they will be able to do in the future will also not decline in price.

Quote

05-26-2017 , 02:28 AM

#140

Pinkmann

old hand

Join Date: Nov 2014 Posts: 1,487

The transaction volume among these "utility" coins is mostly price speculation and miners/stakers cashing in. AKA no one actually uses them for their intended purpose.

I've heard of hackers using monero for their ransomware, but thats literally the only time I've ever heard of a real transaction using it. Go to the transfers thread and ask to swap monero. No one wants it, and if they did they would want a higher vig to cover their expenses to swap it to something else.

That goes for every other coin isn't btc/eth/rip and the dapp coins (rep,gno,gnt, etc).

Quote

05-26-2017 , 11:36 AM

#141

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by stinkypete

I learned my lesson, it was a bit arrogant indeed.

Quote

05-26-2017 , 11:37 AM

#142

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by aggo

Hahahahahaahahahahahh

You bought nem and stratis??

Hahahahahahhahahahahahahahahahahahahahahahahahaahh ahahahahahahhahahah

Thanks for your support

Quote

05-26-2017 , 11:37 AM

#143

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by ToothSayer

OP confirmed esteemed gentleman.

Thanks? Haha

Quote

05-26-2017 , 11:39 AM

#144

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by ToothSayer

You never know right? Xem/Nem can outcompete Bitcoin and Tezos can outcompete Ethereum. But yes I did spread it a bit too much I think and it was too distracting.

Quote

05-26-2017 , 11:40 AM

#145

IveGotUrOuts

old hand

Join Date: May 2012 Posts: 1,407

Quote:

Originally Posted by Everest17

Buy ETH. Hold. Continue with your life.

Thats indeed what I am doing now. Realized I was wasting my time. I sort of take the approach lately where I try to just take action and learn along the way and so far that benefits me more compared to doing research forever and never acting. I made a mistake and learned from it

Quote

09-04-2017 , 11:49 PM

#146

MisterX37

centurion

Join Date: Apr 2008 Posts: 115

Quote:

Originally Posted by Pinkmann

No one wants it, and if they did they would want a higher vig to cover their expenses to swap it to something else.

At the moment monero is my first choose.

Quote

09-05-2017 , 03:40 PM

#147

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Quote:

Originally Posted by Clayton

taking over means some kind of integration without a ban from the government holding the fiat. it's super easy for a country to just say "we're going to ban this". hard to enforce, sure, but easy to slow down adoption in emerging economies facing any pressure.

Think about the alternative of a government saying "we're going to ban this" What if a country says we're going to adopt BTC as our currency?

Quote:

Originally Posted by Clayton

i've yet to see a long term road map that's really convinced me that bitcoin can be a viable currency that's actually used to buy commonplace items from individuals and economies operating outside of the academic/cryptopumper nerd bubble.

Most new technologies start with a niche group. This exact thinking is why Bill Gates/Steve Jobs were able to capitalize on the PC market instead of IBM.

Quote:

Originally Posted by Clayton

meanwhile, all it takes is a consortium of the biggest companies in the world to say "we're putting resources behind making this particular currency work as the global crypto that unites all consumers" and bang, suddenly countries with bad fiat have an incentive to invite a particular crypto because the inference is an improvement in trade/business relations with the companies that sponsor the coin.

i don't see any crypto overcoming these barriers on a 10 year timeline, you need drastic black swans and more fiats legit crumbling for integration to make the proper strides. whereas 50 years those kind of barriers are just about guaranteed to get broken in emerging economies, I think.

The black swan event could be a government/country adopting bitcoin on a wide scale. If Venezuela or whatever country of your choosing's currency collapses and people look for an alternative currency to adopt, bitcoin may be a legitimate choice. It's no where near scalable enough right now, but 5 years from now sure it would be possible.

Quote

09-05-2017 , 03:51 PM

#148

andr3w321

adept

Join Date: Jul 2007 Posts: 1,148

Quote:

Originally Posted by Clayton

Fine, it doesn't have to be GoogleCoin. it could be a new coin that hits the marketplace 2 years from now that solves all the problems we've been having with BitCoin or Ethereum. I see no reason to believe there won't eventually be another coin that will be the new "flippening".

Whatever this new mystery coin is, all it takes is the giant companies coming together and saying "we think this is the one that can be the global coin" and every other crypto gets 80% of its value deleted, permanently becoming delegated to niche coin status.

Perhaps Bitcoin/Ethereum have gotten too much an advantage on the field and will be too big to overcome, but I see this being like the tech bubble where when everything implodes, finding the coin that fits the year 2035 is gonna be the one to buy into; trouble is it probably hasn't even been invented yet.

Mark Cuban said the same thing 3 years ago. He's since deleted the tweet I believe it was "I don't want to invest in bitcoin. If virtual currency becomes acceptable I want to invest in the soon to be invented competitors" -Mark Cuban 2014

I bet he wishes he'd instead have invested in BTC.

Quote

09-05-2017 , 04:19 PM

#149

aggo

Carpal \'Tunnel

Join Date: Feb 2008 Posts: 10,422

Mark Cuban also said that the stock markets would see a massive correction if trump got into office.

he also intimated that trump's hotel business was going to be completely dead bc of brand destruction.

Warren Buffet says to "stay within your circle of competence" . A lot of people whove made $ in traditional markets and follow Buffet's ethos of investing are like the first to crap on digital currencies (bc they are long gold rn) and ignore one of his most important rules.

Invest in **** you know, dont go on a fishing expedition.

Quote

09-06-2017 , 11:21 PM

#150

beansroast01

Carpal \'Tunnel

Join Date: Jul 2006 Posts: 20,494

ETH still a good candidate to buy and hold? Bitcoin?

Regarding the OP, I'm thinking about putting 3-5% or so of my retirement in crypto. I am 28 and max my 401k, roth, and HSA this year w/ essentially 100% index funds. I have see the 5% value thrown around a lot as a good rule of thumb for "speculative assets/investments"

Should I wait for a dip? I would hate to buy and lose like 25-50% instantly, even if holding for long term, just for the psychological reason. But I guess that's the nature of bitcoin, and hence my hesitancy to do more than a few % of my retirement allocation (i'm already going to be maxing my tax relief accounts [401k, ira, hsa] anyways)

Quote

Page 6 of 10

First

1 2 3 4 5 6 7 8 9 10

Last

Post Reply Subscribe

...

Page 6 of 10

First

1 2 3 4 5 6 7 8 9 10

Last