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Do you think cryptocurrencies are the future?

quirky

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I am wondering whether I should invest or not. Everyone is talking about it but I am a bit scared. If I can't feel the money I will stress out. My question is do you think that this trend will last long and is it a good idea to invest or not?

PS I don't know much about it, I have yet to get the hang of it so excuse me if you find my question stupid.
 

dorsetknob

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Dorset where else eh? >>> Thats ENGLAND<<<
Invest what YOU PERSONALLY ARE PREPARED TO LOSE.

You may lose or you may gain in this respect its like investing in Shares/Stock

Investing in equipment/hardware to Mine not wise unless your more knowlagable
 
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I am wondering whether I should invest or not. Everyone is talking about it but I am a bit scared. If I can't feel the money I will stress out. My question is do you think that this trend will last long and is it a good idea to invest or not?

PS I don't know much about it, I have yet to get the hang of it so excuse me if you find my question stupid.

I need very little to be happy in this life. Therefore, I keep some of my money in gold, but most of it in the bank. I could care less if I am missing out, conquer the greed and envy that dwells within like the ancient Stoics did, and you will find true happiness.
 
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I am wondering whether I should invest or not. Everyone is talking about it but I am a bit scared. If I can't feel the money I will stress out. My question is do you think that this trend will last long and is it a good idea to invest or not?

PS I don't know much about it, I have yet to get the hang of it so excuse me if you find my question stupid.

last year it all looked good... this year its lost 60% of its peak value and dosnt look so good..

in truth its an unknown.. prices are currently low and seem to have bottomed out and if there is a good time to invest it would be now.. i still think its due to go up again from now but nobody knows for sure..

one think is for sure.. your money isnt going to earn bugger all sat in the bank.. it all comes down to how you feel.. nothing risked nothing gained.. all i can say is i own some gold some silver and some crypto.. i aint gonna swap any of it for fiat money in the bank.. make of that what you will.. :)

trog
 
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last year it all looked good... this year its lost 60% of its peak value and dosnt look so good..

in truth its an unknown.. prices are currently low and seem to have bottomed out and if there is a good time to invest it would be now.. i still think its due to go up again from now but nobody knows for sure..

one think is for sure.. your money isnt going to earn bugger all sat in the bank.. it all comes down to how you feel.. nothing risked nothing gained.. all i can say is i own some gold some silver and some crypto.. i aint gonna swap any of it for fiat money in the bank.. make of that what you will.. :)

trog

If fiat crashes, so does the food industry. You will be growing food just like the rest of us of fiat crashes to worthless levels. Globalization has become far too dangerous in this sense, I wish it wasn't so.
 

qubit

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Invest what YOU PERSONALLY ARE PREPARED TO LOSE.

You may lose or you may gain in this respect its like investing in Shares/Stock

Investing in equipment/hardware to Mine not wise unless your more knowlagable
+1 it's literally a gamble. There's a lot of work to get in the know about this or you'll definitely lose. Personally, I can't be bothered.
 
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+1 it's literally a gamble. There's a lot of work to get in the know about this or you'll definitely lose. Personally, I can't be bothered.

I don't have enough fiat money to risk losing any of it, as fiat pays my rent and food at the moment, and fiat is what employers give me. If you want to risk a gamble then go for it, but make sure you have enough to fall back on if you lose all of your investment, nothing is promised. You don't want the stress of being flat out broke, trust me.
 

qubit

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You don't want the stress of being flat out broke, trust me.
Oh gawd no, I've been there.

EDIT: +1 to the rest of your post.
 
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I am wondering whether I should invest or not. Everyone is talking about it but I am a bit scared. If I can't feel the money I will stress out. My question is do you think that this trend will last long and is it a good idea to invest or not?

PS I don't know much about it, I have yet to get the hang of it so excuse me if you find my question stupid.

To be fair you're already way too late in the game to get a meaningful return on investment. It really is a gamble now, and you'd already be gambling on a significant price increase, which is hardly a good way of investing money. Crypto mining is turning mainstream and when that happens it really is too late. Public opinion is also turning against mining and proof of work and that turn may happen faster than you'd want.
 
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Being in the future and being the future are two different things. Crypto will exist in the future but it is impossible to know if it will be the future. There is a lot of resistance to make sure it is not the future.

Don't bother getting into mining, you missed the boat and will most likely never make your money back. If you invest now, you probably have the best chance of making some money but don't expect to be rolling around on a bed made of benjis. Instead, expect to likely never see some or all of that money again. If you ok with this, start pouring your money in. Coinbase may be a good place to start.
 
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Probably not. Even if it's going to be , it wont make your life better or make you rich overnight somehow. You can change the currency all you want , if other sociopolitical and economical aspects don't improve it wont make a damn difference.
 
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I will quote an investor I trust:

"If you are nervous about an asset, just don't"
 
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I will quote an investor I trust:

"If you are nervous about an asset, just don't"

currently there should be a lot of nervous investors... nor an asset a person should not be nervous about.. people are still investing though.. he he..

i am not buying any more crypto but then again i aint selling what i have.. my miner is still running and aint selling that ether.. :)

trog
 
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IRS is looking into taxing capital gains from crypto, a lot of crypto investors should be concerned about their compliance.
 
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Outside of a world war cleaning the slate of powerful actors, I doubt it's going to be the "future" per se.

And those who think it's going to happen through some silent revolution of adoption, somehow don't realize what kind of nightmare we live in.
 

eidairaman1

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It's not the future/fool proof. You are safer doing a job and working, spending wisely and saving than laundering money virtually.
 
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IRS is looking into taxing capital gains from crypto, a lot of crypto investors should be concerned about their compliance.

thats easy though. i use bitcoin.tax, import the .CSVs from the exchanges i use and just give the forms it generates to my CPA.

just make sure that at each taxable event (ie. each sell or trade) you put enough fiat aside for taxes.
 
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Of course its the future, no questioning that. But it will be about 20 years and a painful transition
 
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laundering money virtually.

That's not really what investing in crypto is, just FYI.

IRS is looking into taxing capital gains from crypto, a lot of crypto investors should be concerned about their compliance.

I'm honestly not concerned at all. I have records and a guy for that.
 

eidairaman1

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That's not really what investing in crypto is, just FYI.



I'm honestly not concerned at all. I have records and a guy for that.

So what tangible item is a foundation for this stuff then? This to me feels like credit
 
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So what tangible item is a foundation for this stuff then? This to me feels like credit

Still trying to figure out how claiming and paying taxes on crypto income or not being attached to a tangible item is suddenly laundering.

Beyond that, how could it be credit? No one has to pay back their crypto transactions or income. Well, I suppose unless you borrowed it...
 
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No, it's based on a fundamentally flawed idea, with no physical force to enforce it's value.
 
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