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Thread: Investing in crypto currencies

  1. #1
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    Default Investing in crypto currencies

    A friend brought this up recently. I've just started researching it so I'm not very knowledgeable. The ideal time to invest would have obviously been earlier but some of them, ETH, seem to be trending up. Thoughts oninvesting, smart or bad idea? Any of you guys doing it?

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    Way too late to get into the game now, imo.

    And what happens when the government makes cryptocurrency illegal?
    Quote Originally Posted by LOLJDM View Post
    Rob with an awesome post as always.

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    Even with our low electricity rates to do the mining yourself, you will probably spend more on your power bill to do the mining for the currency than you will get from the currency itself.
    Model View Caffeine

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    Too risky, I'll continue to invest in sneakers.
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    Quote Originally Posted by AudiInProgress View Post
    Way too late to get into the game now, imo.

    And what happens when the government makes cryptocurrency illegal?
    You could have said that about bitcoins a year ago too but look at them lately. Eth is still in the early stages and the more i read about it the more i think it could take off.

    And is there anything the gov can do in terms of criminalizing this kind of stuff? I thought the whole point of it was to make a currency and economy free of government intervention and regulation
    But the big difference between a right winger writing for a right wing media source, and left winger writing for a left wing source. Is that everything he wrote here is true and factual, not just somebodies opinion piece that is spinning vague facts to try and support their poorly thought out opinion.
    -Viktimize

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    How does it compare with the 2013 insanity?

    http://forums.780tuners.com/showthre...-Bitcoin/page6

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    Quote Originally Posted by Izerous View Post
    Even with our low electricity rates to do the mining yourself, you will probably spend more on your power bill to do the mining for the currency than you will get from the currency itself.
    The power is nothing compared to the equipment upgrades you'll continuously have to do as the coins get harder and harder to mine. You're better off just buying into a stock type ETF that follows the currency. In which case you might as well just use ETF's to invest in real commodities like gold and oil. ETF's are great since you can own both long and short. It's like being able to bet red and black at the same time in roulette, but you're losing bet doesn't get swept off the table. You just wait for a win and then sweep your profits.

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    Quote Originally Posted by chrenan View Post
    Too risky, I'll continue to invest in sneakers.
    ...and old porsches/e30 M3's

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    Quote Originally Posted by Viktimize View Post
    The power is nothing compared to the equipment upgrades you'll continuously have to do as the coins get harder and harder to mine. You're better off just buying into a stock type ETF that follows the currency. In which case you might as well just use ETF's to invest in real commodities like gold and oil. ETF's are great since you can own both long and short. It's like being able to bet red and black at the same time in roulette, but you're losing bet doesn't get swept off the table. You just wait for a win and then sweep your profits.
    You are having a hard time today!

    you are losing bet.
    Quote Originally Posted by LOLJDM View Post
    Rob with an awesome post as always.

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