# Anyone end up investing in Bitcoins? **URL:** \ **Category:** NYSpeed Off Topic\ **Created:** [October 21, 2013, 8:34pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431 "2013-10-21T20:34:08Z")\ **Posts on this page:** 20\ **Page:** 17
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 2, 2017, 6:15am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/321 "2017-12-02T06:15:55Z")
> [@Kramer](#): > > sooo with out reading through 14 pages…lets say i had a few grand laying around and wanted to buy some bit coin what should i do, and im not looking to get solicited to be in some ponzi scheme to get under someone else then have to get people under me, i feel like a few people have reached out to me in a similar matter just looking for the facts or a good article to read …yes im being lazy Its been covered several times in this thread ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 3, 2017, 7:30am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/322 "2017-12-03T07:30:49Z")
bump :lol: ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 3, 2017, 8:50am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/323 "2017-12-03T08:50:36Z")
So we’re buying on the daily dips? Not waiting for this thing to go into 9k or even mid 10k territory? Almost 12k now ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 3, 2017, 9:48am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/324 "2017-12-03T09:48:58Z")
> [@nermoria](#): > > So we’re buying on the daily dips? Not waiting for this thing to go into 9k or even mid 10k territory? Almost 12k now It was at 10k and 9k a few days ago during dips… ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 3, 2017, 9:58am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/325 "2017-12-03T09:58:05Z")
I understand there is no exact rule here but it seems the dips and peaks are around a threshold that keeps progressing. So when you say invest 75% into bitcoin does that mean on the lowest you can get of that day or wait and see if it goes back into 9-10k territory? ---
**Author:** ![llink78](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/llink78/32/8037_2.png) [@llink78](https://forums.speedlife.net/u/llink78)\ **Post date:** [December 3, 2017, 10:27am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/326 "2017-12-03T10:27:27Z")
I feel like if you invest when it’s at 11.5k or try to wait for it to hit sub 10k your still going to make money if you hold. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 3, 2017, 10:43am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/327 "2017-12-03T10:43:42Z")
It’s traded 24/7 and its price has been all over the place for a couple months now…You have to do whatever you’re comfortable with even if you bought now at 11k its likely to keep going up. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 3, 2017, 12:07pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/328 "2017-12-03T12:07:47Z")
i’m inclined to agree though i have only been paying attention for a fairly short period of time. im up 18% in 2 weeks spread across a few coins and through these dips. this is just play money on long term hold. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [December 3, 2017, 12:13pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/329 "2017-12-03T12:13:25Z")
That was always my plan with this long term hold and money I wouldn’t be upset losing. Buy on any large dip and whammy ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 3, 2017, 12:45pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/330 "2017-12-03T12:45:47Z")
> **[Enter the 'petro': Venezuela to launch oil-backed cryptocurrency](https://www.reuters.com/article/us-venezuela-economy/venezuela-to-launch-cryptocurrency-to-fight-blockade-maduro-idUSKBN1DX0SQ)** > > Venezuelan President Nicolas Maduro looked to the world of digital currency to circumvent U.S.-led financial sanctions, announcing on Sunday the launch of the "petro" backed by oil reserves to shore up a collapsed economy. validating piece but from a different perspective. Venezuela going to try and launch their own crypto currency to get around sanctions and additional scrutiny on transactions related to the state we think of crytpo as a means of individuals getting around currency issues but here is a large nation state using it in the same way. ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 3, 2017, 4:13pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/331 "2017-12-03T16:13:58Z")
Considering Coinbase userbase adding millions, it seems this is the year that the “masses” are jumping on the bandwagon, what do you guys think about feb-may when these same people start getting their tax returns? Provided wall street does not have a neg impact. Seemingly there’s a potential for this thing to really get high ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [December 3, 2017, 8:20pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/332 "2017-12-03T20:20:08Z")
Don’t try and beat the market, if you wanna get in, just invest at whatever the current price is. I dollar cost average mine. When I get paid every 2 weeks. whatever the price is, I buy. This won’t matter a year from now, either it’ll be much higher, the same, or we’ve lost all of our money. Also fucking Iota looking good! fuckers ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 3, 2017, 9:38pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/333 "2017-12-03T21:38:59Z")
Lol I know I bought at 1.13 now its 2.40. Only thing I dont like with Binance is that it seems the only way to buy is by depositing btc. Should have bought more but my “play” money isn’t exactly up there. Come Christmas it’s like “Daddy?.. Did Santa lose his GPS or something?” hahahaha 😃 Also, did anybody notice that today on Coinbase the graph for the price of all 3 currencies was almost identical? ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 3, 2017, 9:43pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/334 "2017-12-03T21:43:39Z")
> [@ubengineering](#): > > If they were just talking about Bitcoin, that’s fine. It’s not a referral program (though on coinbase if you refer someone you get 10$ big fucking deal unless you’re a popular youtuber) There are referral coins such as bitconnect and I can’t remember the other ones, but those have been flagged as scams in the community… yo i referred like 5 people that signed up and i only got $20 in BTC. cannot figure out who to complain to to get the other $30 🙂 - - - Updated - - - > [@nermoria](#): > > Considering Coinbase userbase adding millions, it seems this is the year that the “masses” are jumping on the bandwagon, what do you guys think about feb-may when these same people start getting their tax returns? Provided wall street does not have a neg impact. Seemingly there’s a potential for this thing to really get high you’re right about this. i’m a newb to this compared to some of you guys but i’m way sooner than the masses. a lot of people are still on the sidelines looking in and there are a lot of people wanting it to go all wrong. ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 3, 2017, 10:07pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/335 "2017-12-03T22:07:10Z")
My knowledge of all of this is fairly basic and I’m just going by logic and what seems to make sense. Traditionally when a stock price is extremely high , a company can do a stock split correct? A country can print a whole bunch more paper cash. Bitcoin is not either of those things, and supply only goes up as fast as new coins be mined, which gets harder and harder to do. If you get a mass wave of new people to dump things like their tax returns into the pool, price goes up. Im sure its a lot more complicated than that but this is what my perception is. On that note I spoke to a friend today who works locally doing bank settlements and asked him for his thoughts. He said he talked to his banker buddies about it and they all firstly say that they don’t even know how to buy the things (cryptocurrency) and that they and many wallstreet people don’t understand or get how it works, what it means at this point. Now quantum based crypto is a whole other level 😃 it may be that this is just the start of the wave. Im no expert though. If I can pour a foundation for my new home in 5 years with my investments, sweet deal! If not, I’ve lost money on much dumber things in my life “looks at the 10k rice ford probe” ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 3, 2017, 10:47pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/336 "2017-12-03T22:47:30Z")
^ that is a healthy outlook. i’m so intrigued by this that i just framed out an essay on it out of boredom like i’m back in University. Been scouring for more info. this is a really interesting link: > **[What Bitcoin Critics and Supporters Around the World Have to Say About Crypto](https://www.bloomberg.com/features/bitcoin-bulls-bears/)** > > Who’s hot, and who’s not. Bloomberg puts it into context though quotes in reverse chronology all the way down from $10,000 BTC to this one from Eric Schmidt: "Bitcoin “is a remarkable cryptographic achievement. The ability to create something which is not duplicable in the digital world has enormous value.” and this kicker from way before BTC even existed from Milton Freidman" “The internet is going to be one of the major forces for reducing the role of government. The one thing that’s missing, but that will soon be developed, is a reliable e-cash: a method whereby on the internet you can transfer funds from A to B without A knowing B or B knowing A – the way in which I can take a $20 bill and hand it over to you, and there’s no record of where it came from.” ---
**Author:** ![nermoria](https://avatars.discourse-cdn.com/v4/letter/n/b9e5f3/32.png) [@nermoria](https://forums.speedlife.net/u/nermoria)\ **Post date:** [December 4, 2017, 12:07am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/337 "2017-12-04T00:07:34Z")
Good stuff! 🙂 ---
**Author:** ![ubengineering](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/ubengineering/32/5171_2.png) [@ubengineering](https://forums.speedlife.net/u/ubengineering)\ **Post date:** [December 4, 2017, 2:52am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/338 "2017-12-04T02:52:02Z")
God I just want my Ford GT so bad. The real asshole here is @boxxa for not trying to encourage/brainwash us all years ago. ---
**Author:** ![bing](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/bing/32/7211_2.png) [@bing](https://forums.speedlife.net/u/bing)\ **Post date:** [December 4, 2017, 7:32am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/339 "2017-12-04T07:32:54Z")
yes he did not present a strong enough case. it’s totally his fault that we’re not all rich right now. ---
**Author:** ![theblue](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/theblue/32/5074_2.png) [@theblue](https://forums.speedlife.net/u/theblue)\ **Post date:** [December 4, 2017, 7:57am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/340 "2017-12-04T07:57:15Z")
here we go! [http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures](http://cfe.cboe.com/cfe-products/xbt-cboe-bitcoin-futures) [Previous page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=16) [Next page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=18)