Are Bitcoins a good investment?

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Kurt Codean

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When I first joined this site in mid August the price of the Bitcoin was around $263.00 or something like that, now if you look at the daily price on that banner ad in the lower right corner it's up to $297.00. It seems to keep going up and up. Does anyone think investing in a few Bitcoins is a good idea? 

 
Two weeks ago I really did not had any idea what bitcoins were......and then I start reading after one of my vendors started
to ask for bitcoin payment.

The system bitcoins are constructed are far the best I've ever seen in a "currency" and the guy or the guys who invended that
must be pretty good. With the help of friends I've bought one bitcoin last week and this week I'll start to make my first own wallet.

Still don't get it but it looks like a pretty good and anonymous way of payment. If its worth to invest in time will tell I guess.
It will not hurt to invest in "a few" bitcoins but please check history first.....every search engine will give you a lot of info.

I personally think that this is one way to create a good global currency as long as state institutions are not involved in it.

A lot has changed in the last 10 or more years in buying from IOPs and bitcoins will be a part of the new way of safe buying
in the future.

 
julimond said:
Two weeks ago I really did not had any idea what bitcoins were......and then I start reading after one of my vendors started
to ask for bitcoin payment.

The system bitcoins are constructed are far the best I've ever seen in a "currency" and the guy or the guys who invended that
must be pretty good. With the help of friends I've bought one bitcoin last week and this week I'll start to make my first own wallet.

Still don't get it but it looks like a pretty good and anonymous way of payment. If its worth to invest in time will tell I guess.
It will not hurt to invest in "a few" bitcoins but please check history first.....every search engine will give you a lot of info.

I personally think that this is one way to create a good global currency as long as state institutions are not involved in it.

A lot has changed in the last 10 or more years in buying from IOPs and bitcoins will be a part of the new way of safe buying
in the future.
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Hey thanks for the tip. Yeah I looked at the all time price chart for Bitcoin on coindesk.com. I think the all time high was around $978 back in November 2013. It's gone down a lot in 2014, all the way to back to around $300. In 2015 it hit a low of $209, but then went back up to a little over $300.. So I guess it is pretty volatile. I've never owned bitcoin and I'm not so sure how to create an account, but I think I might buy one and open a wallet just to see what happens. I do think it would be a good way to send money but I hope it doesn't start getting regulated by State or Federal Governments 

 
codean212 said:
Hey thanks for the tip. Yeah I looked at the all time price chart for Bitcoin on coindesk.com. I think the all time high was around $978 back in November 2013. It's gone down a lot in 2014, all the way to back to around $300. In 2015 it hit a low of $209, but then went back up to a little over $300.. So I guess it is pretty volatile. I've never owned bitcoin and I'm not so sure how to create an account, but I think I might buy one and open a wallet just to see what happens. I do think it would be a good way to send money but I hope it doesn't start getting regulated by State or Federal Governments 
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The way bitcoins are constructed are quite different from just printing some more bills if a state needs them. I'm glad that the inventor of bitcoins was that bright

and did it the way he did. I prefer the currency's value covered by logic than covered by the greed of some national banks or federal reserves. I've bought another 5 bitcoins Thursday morning to fill up my wallet.

Nothing beats safety

 
Hi julimond, thanks for your reply. I found a pretty good discussion about bitcoin on another section of this site, in the payment options section. The thread is called Bitcoins and is one of the first few threads in that section (http://www.drugbuyersguide.net/index.php?/topic/3883-bitcoins/). I think the conclusion they reached there is that Bitcoins are best used immediately after buying them. Saving them might be risky because of the volatility. I was only looking at the price range for the past 3 months or so where it has steadily gone up, but if you look at the price performance since November 2013, it dropped pretty drastically. It used to be over $980 at one point in that month. So I guess I'm not so sure if they are good to invest in, but they probably are a good way to transfer money from person to person. I don't think I'm qualified enough to speculate what the price will be in the future, but they might go up again so your investment might pay off. 

 
I only buy them to pay bills for.

Investment (IMHO) looks different :-)

 
Sorry, but it looks like that BitCoins are going up. Just saw 337 USD.

Just the "profit" made since last week will pay my next bill for Valeries.

Its not really looking like investment (or not??) but its nice to play with (up to now....nobody knows
what will happen if they come back to 200 and I have not spent whats in my wallet.

 
364 USD right now: THAT will answer any question if this "could" be an investment.

(will spend my "profit" right away before it goes south.....)

 
Thank God I've spent mine when they're at 452....bought a lot of PKs with it!

 
Caught tail end of a news story about bitcoin being looked into by govt. Sounded like they are going after the "founders". What's up?

 
Yes bitcoin is a great investment unfortunately I was hacked and they took all the bitcoin I had. I was putting it back to help with my children's collage. I don't have the money to buy them now I had them when bitcoin was around 200 each. It kills me I don't have them now things were looking good to help my children with college but not so much now. So many scams and hacker's when it comes to anything bitcoin related.

 
Sahgurufoundit said:
"Banking on Bitcoin" on netlifxx! Watching it now, good way for a newb like myself to grasp an idea of digital currency. 
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Message me if you need any info or help with Bitcoin and I can help you out!!

 
haha. funny thread. In any case, it is worthwhile to hold Bitcoin, to purchase through it as much as possible - not to use it for trading purposes. Bitcoin is the future. It's annoying to see people just taking advantage of the currency for quick profits.

 
Kurt Codean said:
When I first joined this site in mid August the price of the Bitcoin was around $263.00 or something like that, now if you look at the daily price on that banner ad in the lower right corner it's up to $297.00. It seems to keep going up and up. Does anyone think investing in a few Bitcoins is a good idea?
Click to expand...
laughed out loud seeing this in 2025. i hope this person held a few.
 
spinharder said:
laughed out loud seeing this in 2025. i hope this person held a few.
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I'd have to pull the data back up but statistically it's been shown that practically nobody held coins from back then that wasn't an OG (i.e. they already understood the value proposition) or a developer in the space. It seems "HODL" mentality started to really take hold after the mania in late 2017.
 
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  1. crimp @ crimp: do you live in a dangerous area maybe try moving to the country when you get back on your feet you seem to understant crypto beter then me so youll be on your feet in no time
  2. crimp @ crimp: glad youre good buddy
  3. CalFresh @ CalFresh: Thanks everyone. My family and I are safe ATM. @mellowella thank you, but they cleaned me out. the shelves are empty but I'm hoping to call in some favors to restock ASAP. @xenxra I will reach out to set up a secure comms channel for us. Thanks again all. Yesterday was tough, but the support I've received from those I can share is with has been a Godsend.
  4. tiquanunderwood @ tiquanunderwood: Mad love to you and your family @CalFresh
  5. xenxra @ xenxra: @CalFresh if you are able to DM me (in a secure manner) the transactions associated with your btc theft, i can look into that part for you at least. i;m still 99% certain if the fbi didn't discard my leads they could have gotten some of my coins back and considering you had your coins stolen within the us, you have a much better chance of recovery than me. unless they went through mixers i could probably trace them myself.
  6. O @ Outsider9173: @CalFresh Haven't been here long but I want to wish you a fast recovery
  7. crimp @ crimp: neck spine surgery 8 ribs broke and scalp split onen about 6 inches
  8. crimp @ crimp: need some help dude im so injured its not even funny dm me for details just need someone willing to help me fust for a week
  9. CnC5 @ CnC5: @CalFresh if theres anything i can do brother lmk!
  10. M @ Mokachin0: @CalFresh email me I may be able to assist
  11. mellowella @ mellowella: I will always remember what you did for me the very first time I donated. I have been waiting to pay that kindness forward.
  12. mellowella @ mellowella: @CalFresh are you and your family safe? You’ve helped me in a pinch and were more than generous, and I’m sure you’ve helped others. How can we help you? Does it help at all if we completely buy out what’s left? Maybe that gives time and funds to restock and rebuild? I don’t want to break any rules here, but please let us know if we can do anything. All on your time of course.
  13. CalFresh @ CalFresh: thanks guys. I'm pulling together what I have left and leaning on the kindness of folks who support me to restock my shelves so that I can keep the lights on. Having my savings drained and my security vanish in an instant is paralyzing and the repercussions will only be realized in the coming days and weeks. for now I'm just trying to stay focused on the immediate priorities for ensuring this doesn't. cause cataclysmic failure to the life I've built for my children and I.
  14. H @ hotdog45: @CalFresh hey man if I can do anything, anything at all to help you get back on your feet let me know. Truly my heart goes out to you. I sent you an email also
  15. G @ gfunkster: @CalFresh im really sorry to hear that. But remember karma is real my man. They just fd their karma for a long time.
  16. Telp @ Telp: @CalFresh Thats so fucked man. Im glad you’re safe! And wishing you the best. What a bunch of scumbags.
  17. 0 @ 0osten: @CalFresh wow man.....I'm glad you're safe. Keep us updated, prayers for you bro
  18. CalFresh @ CalFresh: everyone here is safe. I was here alone.
  19. CalFresh @ CalFresh: friends, about a few hours ago my home was invaded by two punk thugs with guns. They stole everything I had in my home: cash, electronics, and mags, and forced me to transfer $20K in Bitcoin. it is a huge loss and I'm still reeling trying to figure out what i.can do to recover. For now I'm just trying to secure what little I have left so they can't take anything else. I'm telling you guys cause theres not many others I can tell. please bare w/ me, it'll take a few days to get back up and running
  20. CnC5 @ CnC5: @xenxra awesome
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