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Has Anyone Bought Bitcoin?

Discussion in 'TUG Lounge' started by mpumilia, Nov 4, 2017.

  1. am1

    am1 TUG Member

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    Did you buy in? Sometimes you learn more money by losing then making money.

    I prefer to invest in hard assets that offer a return and capital gain or just a capital gain.
     
  2. md8287

    md8287 TUG Member

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    In all seriousness this all does sound interesting but confusing as you dig in. :ponder:
    I've read some research lately and it seems there are two paths. The path of buying the established bitcoin (still very speculative) or buying "the next bitcoin" (extremely speculative).
    I like investing a small amount in speculative (and I like betting on long shots) and so far my gains have outweighed my losses. :whooopie: Fingers crossed that continues and I don't :crash:.
     
  3. WalnutBaron

    WalnutBaron TUG Review Crew: Veteran TUG Member

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    Bitcoin is one wild ride. Just this week, the value peaked last Wednesday at $7,722, collapsed to $5,617 on Sunday, and has recovered somewhat to close at $6,607 on Tuesday. Wayyyyy too speculative, volatile, and lacking fundamental underpinning for my blood. I'll stick with my long-held positions in Apple, Amazon, and Nvidia. High multiples on Nvidia and Amazon, but at least I can articulate why I'm an investor and how each company generates earnings.
     
    Chrispee and mpumilia like this.

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