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Blockchain and Bitcoin
- Thread starter Beorn
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biohazard
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I find it too risky tbh. Obviously I wouldn't put my whole investment portfolio into it. I would put a percentage of my rainy day fund and let it sit. I'm not a day trader, I mostly focus on postion trading or occasional swing. I don't like to look at my stocks everyday and get obssesed about them.
My advice is to figure out your budget and put like 8-12% of your stock money into different forms of Cryptocurrency and diversify it. Depending on your circumstances, if you have left over dividends from ETFs, blue chips, etc. You could put 8-10% of those payouts toward the crypocurrency. It never hurts to diversify over all the market.
There is a lot of fear and anxiety around Bitcoin right now because of the scamming so it MAY potentially have a small plummet soon. Who knows though.
Because I find it so risky, I would personally choose to invest less of my income into it.
My advice is to figure out your budget and put like 8-12% of your stock money into different forms of Cryptocurrency and diversify it. Depending on your circumstances, if you have left over dividends from ETFs, blue chips, etc. You could put 8-10% of those payouts toward the crypocurrency. It never hurts to diversify over all the market.
There is a lot of fear and anxiety around Bitcoin right now because of the scamming so it MAY potentially have a small plummet soon. Who knows though.
Because I find it so risky, I would personally choose to invest less of my income into it.
1487610420
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rav3n
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I don't understand blockchain. Say if 51% of stored information has been corrupted in identical fashion through targeted hacking from groups of hackers (particularly state sponsored ones), what's preventing the corruption of the transaction and potentially, all transactions that cascade from it?
1487610420
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biohazard
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Wow... that's incredibly dumb.
Jaq
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My thoughts entirely.
Bubble, bubble, toil and trouble.
I didnt buy any of these, I think it was a great concept at the time of its original inception and I think that the money that can be made on it has been made on it, unless you're shorting it as a trader, which I'm not, will only ever be an investor I think but that's alright.
I didnt buy any of these, I think it was a great concept at the time of its original inception and I think that the money that can be made on it has been made on it, unless you're shorting it as a trader, which I'm not, will only ever be an investor I think but that's alright.
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Qlip
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Yep, the Bitcoin blockchain size is HUGE, this is unfortunately normal.
Yeah, for what was an original, interesting idea about allowing anyone with a laptop and space processing power to own currency it should became the forte of big monopolies/firms, pretty quickly.
Who'd have thought it?
Beorn
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Bruh, you're way off.
Beorn
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I still think that's risky shit, you could as easily feel bad that you didnt become a Google millionaire or something.
Beorn
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I'm half joking.
It would have been nice, but I'm not worried one bit.
Bitcoin is in a speculation bubble. It has major obstacles to scale a worldwide daily use currency.
But, a cryptocurrency will reach that point at some point.
As it is I took out the money I put in and left in my (lessor) profit in ethereum over the last 3 weeks.
I'll probably just do dollar-cost averaging from now on and not try to play the market.
Can you not invest in a income share and fund account? If you're not a trader or interested in becoming a trader it makes sense. Whether people say its a glorified savings account or not.
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