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04-22-2021, 05:31 PM
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#1
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Senior Member
Join Date: Jan 2021
Posts: 515
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Bitcoin - anyone buying?
There has been a lot of talk about bitcoin in the news lately - new ETFs, mostly in other countries. And companies are adding it to their balance sheets.
I've been buying a little Bitcoin, Bitcoin Cash and Etherium. As of today; I'm flat. I may put about 1% of my investment money into it. I'm 1/3 of the way there and holding as it took a hit today.
If people here are buying I would say it is becoming a real investment.
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04-22-2021, 05:46 PM
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#2
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Senior Member
Join Date: Oct 2020
Location: MINNESOTA
Posts: 524
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I have been investing in crypto for the last 4 years. I sold most of it on the last rally in 2017 and made good money but unfortunately did not re-up my position as heavily before the current rally. I sold most my holdings again after BTC crossed $60k. I would not recommend buying now. Wait till the next major correction, then buy buy buy! 
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04-22-2021, 05:49 PM
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#3
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Senior Member
Join Date: Jan 2021
Posts: 515
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Quote:
Originally Posted by nbluesky
I have been investing in crypto for the last 4 years. I sold most of it on the last rally in 2017 and made good money but unfortunately did not re-up my position as heavily before the current rally. I sold most my holdings again after BTC crossed $60k. I would not recommend buying now. Wait till the next major correction, then buy buy buy! |
4 years you must be knowledgeable. Do you have a number for the bottom of that major correction?
I have 1/4 of a bitcoin.
I"m using Robinhood and it is working well.
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04-22-2021, 06:02 PM
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#4
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Senior Member
Join Date: Oct 2020
Location: MINNESOTA
Posts: 524
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I would be looking for the next bear market. It will be a long (2-3 year) play but I will start buying again below $40k. I want to see a 30-50% correction from all time high of $65k. I also would say to look into other coins. Its a total wild west out there. It's anyone's guess but that is my opinion. Good luck and have fun!
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04-22-2021, 06:08 PM
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#5
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Senior Member
Join Date: Jan 2021
Posts: 515
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Quote:
Originally Posted by nbluesky
I would be looking for the next bear market. It will be a long (2-3 year) play but I will start buying again below $40k. I want to see a 30-50% correction from all time high of $65k. I also would say to look into other coins. Its a total wild west out there. It's anyone's guess but that is my opinion. Good luck and have fun!
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You're right it is a nuts market with extreme leverage; which I think some got washed out. If the stock market get hit it could get to your level fast.
Good luck.
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04-23-2021, 08:05 AM
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#6
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Senior Member
Join Date: Jun 2019
Posts: 686
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buy the dips, sell the peaks
__________________
'18 Rockwood 2109S '17 Silverado 2500HD WT. Hookups? What hookups? Mountains, please.
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04-23-2021, 11:11 AM
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#7
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Senior Member
Join Date: Jan 2021
Posts: 515
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Quote:
Originally Posted by HopsBrewster
buy the dips, sell the peaks
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What I noticed with Bitcoin is that you buy overnight and sell during the day.
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04-24-2021, 08:51 AM
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#8
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Senior Member
Join Date: Dec 2011
Location: Houston TX.
Posts: 2,339
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I guess I’m getting old. I watch the market and can’t get comfortable with the wild swings in Bitcoin. Just not comfortable so I watch. If it works for you great. Safe travels
Enjoy the journey
__________________
Full timed in 2008 Newmar Essex. Currently part time in 2020 Entegra Esteem 29v tow Jeep Wrangler 
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04-24-2021, 08:58 AM
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#9
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Senior Member
Join Date: Jan 2017
Location: "Murvul", TN
Posts: 1,595
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I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.
__________________
2016 F350 Crew Cab Dually Diesel King Ranch 4x4
2018 Grand Design Momentum 394M Toy Hauler
Excessive Payload Capacity is a Wonderful Thing!
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04-24-2021, 10:50 AM
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#10
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Senior Member
Join Date: Jan 2021
Posts: 515
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Quote:
Originally Posted by xrated
I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.
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I understand that they are reducing the supply of that coin and the transaction system is a good one.
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04-25-2021, 08:22 AM
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#11
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Senior Member
Join Date: Oct 2020
Location: MINNESOTA
Posts: 524
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Quote:
Originally Posted by xrated
I have some Ethereum that I bought less than a year ago....around $240. It's down a bit right now, but topped out a few days ago at over $2500. I'm just hanging on to it as of right now, as I believe it will go much higher over some time.
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Nothing like 10x on your investment! Crypto is wild as heck but wow the gains you can realize is insane. I have many friends who have cashed some pretty insane profits but you definitely need a strong stomach and DO NOT invest more than you can afford to lose.
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04-25-2021, 11:31 PM
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#12
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Senior Member
Join Date: Sep 2016
Location: Monrovia, CA
Posts: 957
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Bitcoin - anyone buying?
You bet! Soon as I have a stroke. It's not investing - it's gambling.
__________________
Gammel - 2020 ORV Backcountry 21RWS
2021 F350 Diesel Platinum Tremor
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04-26-2021, 06:21 AM
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#13
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Senior Member
Join Date: Oct 2020
Location: MINNESOTA
Posts: 524
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Quote:
Originally Posted by Gammel
Bitcoin - anyone buying?
You bet! Soon as I have a stroke. It's not investing - it's gambling.
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Can't win if you don't play 
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04-26-2021, 06:50 AM
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#14
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Senior Member
Join Date: Jul 2017
Posts: 1,332
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I saw a bitcoin mining machine for sale, how do they work?
__________________
98 Monaco Windsor
2015 Rubicon Toad
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