Re: Has anyone invested in 'bitcoins?

BirkiLady · ‎02-22-2015

If I can't comprehend it, I won't invest in it. My brain couldn't wrap itself around it and I didn't take the plunge. Have no regrets. Realize money was made in the early days, but have no regrets. Still don't understand it!!

Money screams; wealth whispers.

Desertdi · ‎03-13-2010

NO WAY......(and you won't find me at the race track, either)

♥Surface of the Sun♥

CelticCrafter · ‎03-09-2010

@on the bay wrote:
No matter how many times it is explained, I don't get it.
It seems like savings or investing in cyberspace or the twilight zone.

@on the bay I even read an article that was geared towards 5th graders and still didn't get it!

cherry · ‎03-09-2010

Thank you to all ,that says they don't get it. I kept thinking ,I must be a very dim person. It makes no sort of sense to me...

Cats3000 · ‎10-07-2013

NO!!!!!!! I don't consider Bitcoin to be an "investment". I consider quality stocks and bonds, held over time, to be investments.

MarieIG · ‎03-10-2010

Me, no. In my opinion it is still too speculative/ unregulated.

I do know someone who bought in early; sold it and it is covering a large portion of the purchase of his first home.

As technology and the laws regulating it evolve, I anticipate that crypo currency will become more mainstream - however whether bitcoin will be a survivor - I don't know.

Do the math.

wagirl · ‎03-09-2010

I don't understand bitcoins either--my nephewinvested $10,000 in bitcoin that increased in value to a $100,000 in just a short time, only to have it tank for what ever reason and he lost his investment $$.

kitty60 · ‎03-13-2010

I agree with you on this. My dil friend's husband supposedly made large a sum by investing in the mining of bitcoins. They gave her a copy of the sheet of what they were given to see if she would be interested. I looked it over and all I saw was a basic excel sheet with some computations. It was definately not generated by a real company! Think B Madoff! Honestly, I have never seen crypto as a method of payment anytime I've purchased anything. I'll stick to the Peter Lynch theory and stick to what I understand. If I want to gamble I will go to Vegas!

tweetyblaise · ‎12-10-2018

@on the bay wrote:
No matter how many times it is explained, I don't get it.
It seems like savings or investing in cyberspace or the twilight zone.

I don't get it either @on the bay. I've read explanations and looked at YouTube too.

juniors558 · ‎12-11-2019

I don't understand bitcoins either--my nephewinvested $10,000 in bitcoin that increased in value to a $100,000 in just a short time, only to have it tank for what ever reason and he lost his investment $$.

Well, of course, it's all about the risks, like almost every niche of financial markets.