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Personal Finance and Investing

bucolic_frolic

(48,661 posts)

7. Thanks all, I still think it's a lot of hype

Reply to bucolic_frolic (Original post)

Sat Aug 1, 2020, 05:55 AM

Aug 2020

A lot of pro traders have made fat returns on penny stock bitcoins. I also found a handful of bitcoin ETFs, yes I did find grayscale, and Ethereum, as well as I think an index ETF that focuses on infrastructure.

i'd bet it will all be regulated within 5 years or so, lots of takeovers and consolidation, more than a few bankruptcies which might risk the whole industry.

Will I buy any? Very lightly, when it's down.

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Bitcoin [View all] bucolic_frolic Jul 2020 OP

I don't get it but I'm old. My kid has been following it and told me today captain queeg Jul 2020 #1

Bitcoin, along with precious metals TexasTowelie Jul 2020 #2

Bitcoin, along with precious metals TexasTowelie Jul 2020 #3

First-- what is money? TreasonousBastard Jul 2020 #4

I use Robinhood to buy bitcoin and grayscale stock too Iwasthere Aug 2020 #5

Do not construe this as any sort of advice for or against investing in bitcoin ... mr_lebowski Aug 2020 #6

Good post - as I understand Bitcoin (limited as that may be), when it was devised,there was a set c-rational Aug 2020 #10

I'm not entirely sure but my understanding is that the number available are self-limiting mr_lebowski Aug 2020 #13

Thank you. Interesting. I really don't understand it question everything Aug 2020 #11

Could be way wrong but I thought when one 'invests in bitcoin' generally ... mr_lebowski Aug 2020 #14

Thank you. I realize this. But even the "coin bank" question everything Aug 2020 #16

Perhaps if I called it a coin wallet it would make more sense? mr_lebowski Aug 2020 #17

Thanks all, I still think it's a lot of hype bucolic_frolic Aug 2020 #7

ADA , XRP vs BTC masmdu Aug 2020 #8

The following from Paul Krugman may help DinahMoeHum Aug 2020 #9

what problem does cryptocurrency solve? bucolic_frolic Aug 2020 #15

one of the real risks of cryptocurrency is that to the extent it succeeds, it will likely be unblock Aug 2020 #12