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Author Topic: !!!!!DO NOT BUY BITCOIN!!!!!  (Read 2719 times)

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Offline hmgROCK

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!!!!!DO NOT BUY BITCOIN!!!!!
« on: April 08, 2018, 07:01:21 PM »
We had a hmong cousin brother who put $75,000 of his saving into bitcoin.
Dude is in his late 40s, been saving that $75k his whole life

His $75,000 is worth around $30k+++ something
Lost almost half its value

Dude is really depressed and sad
Was going buy a house

Be careful with these crypto currency.
I myself I have some crypto currency.
What I do is only spent $1,000 across those many cheap currency
No tears if I lose $1k

I also donít want to miss another rocket to the moon.
Play safe.

Donít put all your life worth saving in this volatility investing,





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jetter

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #1 on: April 08, 2018, 07:06:37 PM »
your cousin must have gotten into the game late, sorry to hear that.  When it went over 3k, it was already too late in my book.  Now the game is to predict marijuana stock, so risky but could pay off big. 



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #2 on: April 08, 2018, 07:16:43 PM »
your cousin must have gotten into the game late, sorry to hear that.  When it went over 3k, it was already too late in my book.  Now the game is to predict marijuana stock, so risky but could pay off big.

Yea dude bought high like $15k or something
Says he read some where it might go even higher

Anyway

I spend about $1000 over multiple crypto currency
Like ripple and cheap stuff for .10-.50 cent
Lol see if it will fly to the moon
Itís only $1000 so just play money
No biggie if I lose it all



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Offline DuMa

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #3 on: April 09, 2018, 03:18:58 AM »
I'm glad the hype is down to earth.  My MN cuz is a nut case with crypo currency.  He talks to me about it like an mlm friend whom all that he talks about.  He would throw me a link saying if I sign up, he gets free coin.  He have invested so much money in building up a super computer just so he can mine it. 

Now he stops bugging me about it, knowing that it is falling. 




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Offline Yebleng

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #4 on: April 09, 2018, 08:21:22 AM »
I watched a lot of YouTube videos where people have lost a lot of their life savings. I feel bad for them. I am not an expert at this stuff but I am a firm believer that if you don't understand something or have to rely on others to show you how to invest your money, you should keep your money where you know its safe. In the bank or in your pocket.



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Offline DuMa

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #5 on: April 09, 2018, 10:16:51 AM »
A friend of mine is an investor in bitcoins, too.She's great at it. But she said she lost 50K from it.

That's just a little dent in her assets. But she says I shouldn't buy them now because they are about 6K each, not just a few hundred bucks anymore.

It is still good as a day trader.  Can't be holding onto a gold mine like apple when she started out anymore.   It moves so quickly and triggers on news. 

Couple hours ago at $7100.  Now dropping to $6700

The day of nearing 20k is long gone.  I still can't imagine one coin, you can buy a car.  I see a coin like a Penny.  We can always find a penny.  Now imagine each penny is 20k.  I have a pocketful right here. 

Someone just dumped their coins this morning.  A big player is moving the prices.  Weak hands are out so in order for the prices to rise, new money need to be pump into the system.  Without it, with low volume, she will be in danger to drop even more. 

Perhaps people are waiting for a low entry point. 



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #6 on: April 09, 2018, 10:25:17 AM »
I will give you guys a free tips
Instead of buying bitcoin
Buy the other crypto currency
There are tons of them these day

Like ripple
Itís only 50 cent per coin

When you buy, only buy what you can afford to lose.
I have $50 worth of ripple

$1000 total across multiple currency

My position is weak
If I lose itís fine
Only $1000



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #7 on: April 09, 2018, 10:29:36 AM »
It is still good as a day trader.  Can't be holding onto a gold mine like apple when she started out anymore.   It moves so quickly and triggers on news. 

Couple hours ago at $7100.  Now dropping to $6700

The day of nearing 20k is long gone.  I still can't imagine one coin, you can buy a car.  I see a coin like a Penny.  We can always find a penny.  Now imagine each penny is 20k.  I have a pocketful right here. 

Someone just dumped their coins this morning.  A big player is moving the prices.  Weak hands are out so in order for the prices to rise, new money need to be pump into the system.  Without it, with low volume, she will be in danger to drop even more. 

Perhaps people are waiting for a low entry point.

Lol

Thatís the volatility of these crypto currency
You better off tracking the index long run

I hate how these people lure newbie investors
Hate seeing brothers get scam



NO BS
Just do a target date index



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Offline slude

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #8 on: April 09, 2018, 10:30:32 AM »
i bought 5 bitcoins early spring last year at $2k each, cash out at $18k before xmas. i think i did alright  O0

gotta know when to pull out, don't be greedy.



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #9 on: April 09, 2018, 10:35:15 AM »
i bought 5 bitcoins early spring last year at $2k each, cash out at $18k before xmas. i think i did alright  O0

gotta know when to pull out, don't be greedy.

Gratz to you sir
Donít forget about capital gain tax



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Offline Cali Guy

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #10 on: April 10, 2018, 04:23:27 PM »
Bitcoins was my big winner last year! This year, all my stocks on the nyse.



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Offline w1s3m0n

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #11 on: April 13, 2018, 05:48:07 PM »
See my post about bitcoin in the investment section.



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #12 on: April 14, 2018, 10:42:47 AM »
See my post about bitcoin in the investment section.

lol
No
Donít encourage people to lose their life saving

We do index



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Offline hmgROCK

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Re: !!!!!DO NOT BUY BITCOIN!!!!!
« Reply #13 on: April 14, 2018, 10:50:27 AM »
We do majority of saving in index
Like 90%

Than that 10% (play money)
We daytrade swing trade with it
Invest the profit in our 90% index

Risen and repeat

If you donít want to say trade
Than just 100% index and  hold till you die
You going be super rich



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