# 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:** 54
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [February 16, 2018, 6:48am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1061 "2018-02-16T06:48:20Z")
Looks like things are moving up. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 16, 2018, 7:13am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1062 "2018-02-16T07:13:29Z")
Litecoin pay and the upcoming fork drove that up big this week. PS: Back up to over 100% return on my investment. Glad I didn’t bail out at the crash. Gotta pull some profit at some point this time though because there’s no return just holding forever. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [February 16, 2018, 7:39am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1063 "2018-02-16T07:39:45Z")
> [@JayS](#): > > … there’s no return just holding forever. [https://v.redd.it/puosmxc2cfg01](https://v.redd.it/puosmxc2cfg01) ---
**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:** [February 16, 2018, 9:19am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1064 "2018-02-16T09:19:07Z")
> [@JayS](#): > > Gotta pull some profit at some point this time though because there’s no return just holding forever. yes sir! Don’t make the same mistake as me! Cost me close to 100 g’s. After doing some reading, I pull profits from every 25% gain on an investment. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [February 20, 2018, 11:47am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1065 "2018-02-20T11:47:29Z")
The thought process is bitcoin will rise up until the G8 summit ---
**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:** [February 20, 2018, 4:39pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1066 "2018-02-20T16:39:19Z")
alrite @LZ1 June 8th and 9th! I have to research as to why this is important for bitcoin. ---
**Author:** ![LZ1](https://avatars.discourse-cdn.com/v4/letter/l/7ab992/32.png) [@LZ1](https://forums.speedlife.net/u/LZ1)\ **Post date:** [February 21, 2018, 6:30am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1067 "2018-02-21T06:30:44Z")
> [@ubengineering](#): > > alrite @**[LZ](http://www.nyspeed.com/member.php?u=95)** June 8th and 9th! I have to research as to why this is important for bitcoin. It’s just a general opinion from a lot people since the market reacts to shit like that. They’re discussing crypto at the G8 ---
**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:** [February 23, 2018, 10:34am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1068 "2018-02-23T10:34:14Z")
> **[TD halts cryptocurrency purchases made on its credit cards - Article - BNN](https://www.bnn.ca/td-halts-cryptocurrency-purchases-made-on-its-credit-cards-1.1008731)** > > TD Bank has stopped allowing customers to purchase cryptocurrencies using its credit cards. this likely impacts me. TD is a Top 2 bank in Canada and a Top 10 in North America (their branch network is larger in the US than in Canada). My visa is with them and it was connected to coinbase so i assume i wont be able to do this anymore. this is probably a good thing in general but i wonder what prompted it. maybe people were calling in to file chargebacks when they bought in high and lost? ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 23, 2018, 10:53am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1069 "2018-02-23T10:53:32Z")
I doubt it’s charge backs because you can’t dispute a charge you actually made. I’m guessing it’s because of all the idiots who bought crypto, “because it can’t go anywhere but up” with no way to pay off the balance on the card at the end the month and now the card companies are finding these customers aren’t even making the minimum payment now that their $10k worth of bitcoin is worth $5k. Buying crypto on credit is probably one of the dumbest things I can imagine investment wise. It’s one thing if you’re doing just because it was quicker and you had the money in the bank to cover the purchase but I bet a lot of people did it with no where near the money to cover the credit card bill at the end of the month. ---
**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:** [February 23, 2018, 10:56am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1070 "2018-02-23T10:56:07Z")
Until very recently there were, and still are, very few ways in Canada to get into this other than through a credit card. the transaction fees are similar to other methods of entering the market anyways plus this way you get the reward points instead of just transferring $ into an exchange and paying their fees. credit card purchases are instant, transfers take days or weeks with sketchy results at times. but i’m a guy who never carries a balance so maybe im in the minority. ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 23, 2018, 11:24am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1071 "2018-02-23T11:24:20Z")
> [@bing](#): > > but i’m a guy who never carries a balance so maybe im in the minority. Same, in fact I have a spreadsheet I track my card rewards on and it hit $6k this month after starting to play the rewards game in 2012. Paying in full every month definitely puts us in the minority though. Last car I bought the dealer said they’d allow up to $5k on a credit card so yep, $5k down on the card. Only qualified for 1% but that’s still $50 for doing nothing other than delaying the down payment I was going to make with cash anyway a month. Other than small businesses where I try to use cash I put everything on my card. [http://fortune.com/2018/02/04/banks-ban-buying-bitcoin-credit-card/](http://fortune.com/2018/02/04/banks-ban-buying-bitcoin-credit-card/) > The moves are above all in the banks’ self-interest. As Fortune previously reported, the mania surrounding cryptocurrency late last year appears to have motivated many retail investors to use credit cards as leveraging tools, buying more cryptocurrency than they could afford. With Bitcoin down roughly 50% from December highs, many of those investors are likely underwater right now, and may not be able to pay off their initial Bitcoin purchases soon, if ever. So yep, too much risk because people in general are dumb. ---
**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:** [February 23, 2018, 5:16pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1072 "2018-02-23T17:16:43Z")
Coinbase now has instant bank account buys, I did like using my card tho so I could get the reward points. Oh well. ---
**Author:** ![Nikuk](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/nikuk/32/7254_2.png) [@Nikuk](https://forums.speedlife.net/u/Nikuk)\ **Post date:** [February 23, 2018, 9:51pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1073 "2018-02-23T21:51:24Z")
> [@JayS](#): > > Litecoin pay and the upcoming fork drove that up big this week. > > PS: Back up to over 100% return on my investment. Glad I didn’t bail out at the crash. Gotta pull some profit at some point this time though because there’s no return just holding forever. Sell on the way up, dollar cost average on the way down. ---
**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:** [February 23, 2018, 10:31pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1074 "2018-02-23T22:31:59Z")
lol from outta nowhere @Nikuk ---
**Author:** ![JayS](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/jays/32/15375_2.png) [@JayS](https://forums.speedlife.net/u/JayS)\ **Post date:** [February 26, 2018, 5:36am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1075 "2018-02-26T05:36:07Z")
Remember when @[nermoria](http://www.nyspeed.com/member.php?32279-nermoria) was posting every couple hours about how every AltCoin had nowhere to go but up? Those were the good old days. ---
**Author:** ![Onyx\_Z32](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/onyx_z32/32/7581_2.png) [@Onyx\_Z32](https://forums.speedlife.net/u/Onyx_Z32)\ **Post date:** [February 26, 2018, 6:06am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1076 "2018-02-26T06:06:46Z")
^^ I’m actually starting to worry that instead of living the dream, the dream is living him… :uhh: ---
**Author:** ![Skurge](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/skurge/32/7285_2.png) [@Skurge](https://forums.speedlife.net/u/Skurge)\ **Post date:** [February 27, 2018, 8:02am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1077 "2018-02-27T08:02:58Z")
i’m just sitting over here still mining away…anyone have an video cards for sale? lol ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [February 27, 2018, 8:51am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1078 "2018-02-27T08:51:17Z")
I think Nemoria is gone. ---
**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:** [February 27, 2018, 2:22pm UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1079 "2018-02-27T14:22:32Z")
LoL no doubt where did he go!!!?! ---
**Author:** ![Motocrossx23](https://yyz2.discourse-cdn.com/flex034/user_avatar/forums.speedlife.net/motocrossx23/32/5120_2.png) [@Motocrossx23](https://forums.speedlife.net/u/Motocrossx23)\ **Post date:** [February 28, 2018, 8:52am UTC](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431/1080 "2018-02-28T08:52:34Z")
@nermoria you here bro? [Previous page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=53) [Next page](https://forums.speedlife.net/t/anyone-end-up-investing-in-bitcoins/233431.md?page=55)