Should I Buy Bitcoin?

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  • The Porn Nerd
    Living The Dream
    • Jun 2009
    • 19788
    #1

    Should I Buy Bitcoin?

    The end of the year is coming and it's time to do something with all this porn money I have been accumulating.

    ("But I thought there was no money in porn!")

    So should I buy me some Bitcoin or stick with mutual funds, 401Ks, etc?
    Or a little of both?

    I am thinking Coinbase. Get an account, link it to my bank, and off we go!

    Thoughts?
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    • awxm
      Confirmed User
      • Aug 2009
      • 819
      #2
      Go with GDAX, same company, lower fees, your account is tied to your Coinbase.

      Yeah I would invest although I think this current spike is due a correction any day now but what the fuck do I know?

      I wouldn't recommend leaving it sitting on an exchange, safest bet is probably a hardware wallet such as a Trezor.
      .

        Comment

        • The Porn Nerd
          Living The Dream
          • Jun 2009
          • 19788
          #3
          Originally posted by awxm
          Go with GDAX, same company, lower fees, your account is tied to your Coinbase.

          Yeah I would invest although I think this current spike is due a correction any day now but what the fuck do I know?

          I wouldn't recommend leaving it sitting on an exchange, safest bet is probably a hardware wallet such as a Trezor.
          Ha you read my mind!
          I just ordered the Trezor.
          I figured why not have it ready for if and when I decide to jump into the Crypto Currency World.

          I will also check out GDAX.
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            Comment

            • sandman!
              Icq: 14420613
              • Mar 2001
              • 15431
              #4
              I?m up around 400% on my coinbase account all from 2017 all I can say is I wish I had more btc and eth right now it?s exploding.
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                Comment

                • CAHEK
                  C.C.C.P.
                  • Aug 2003
                  • 7414
                  #5
                  Bitcoin could be at $40,000 at the end of 2018.

                  $0000 - $1000: 1789 days
                  $1000- $2000: 1271 days
                  $2000- $3000: 23 days
                  $3000- $4000: 62 days
                  $4000- $5000: 61 days
                  $5000- $6000: 8 days
                  $6000- $7000: 13 days
                  $7000- $8000: 14 days
                  $8000- $9000: 9 days

                  Too Far, Too Fast?
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                    Comment

                    • The Porn Nerd
                      Living The Dream
                      • Jun 2009
                      • 19788
                      #6
                      Originally posted by CAHEK
                      Bitcoin could be at $40,000 at the end of 2018.

                      $0000 - $1000: 1789 days
                      $1000- $2000: 1271 days
                      $2000- $3000: 23 days
                      $3000- $4000: 62 days
                      $4000- $5000: 61 days
                      $5000- $6000: 8 days
                      $6000- $7000: 13 days
                      $7000- $8000: 14 days
                      $8000- $9000: 9 days

                      Too Far, Too Fast?
                      That's always the question (when will the bubble burst?).

                      But it seems if you keep your eye on it, and can sell within minutes, you should be able to liquefy your BTC investment rather easily.

                      Of course, that's what they all said back in 1929 just before the Wall Street crash. LOL
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                        Comment

                        • ZENRA
                          Confirmed User
                          • Sep 2016
                          • 655
                          #7
                          If you have money you're totally fine with losing, sure.
                          Maybe I'm in the minority here, but cryptocoin investing is insanely volatile.
                          If you're young with time on your side and have money you wish to invest more wisely, there's many better and less riskier options out there.
                          ZENRA | Subtitled Japanese AV | @ZENRAMANIAC
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                            Comment

                            • The Porn Nerd
                              Living The Dream
                              • Jun 2009
                              • 19788
                              #8
                              Originally posted by ZENRA
                              If you have money you're totally fine with losing, sure.
                              Maybe I'm in the minority here, but cryptocoin investing is insanely volatile.
                              If you're young with time on your side and have money you wish to invest more wisely, there's many better and less riskier options out there.
                              Maybe but I do not see btc wiping out an investment. Anything is possible but it doesn't look like a Wall Street-type crash is in Bitcoin's future. Fingers crossed as they say.

                              Oh how I wish I had not frittered away my younger days!
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                                • rowan
                                  Too lazy to set a custom title
                                  • Mar 2002
                                  • 17393
                                  #9
                                  Originally posted by The Porn Nerd
                                  Maybe but I do not see btc wiping out an investment. Anything is possible but it doesn't look like a Wall Street-type crash is in Bitcoin's future. Fingers crossed as they say.

                                  Oh how I wish I had not frittered away my younger days!
                                  I think Bitcoin Cash is definitely a threat to Bitcoin "Core", because there's now a coin which has sufficient volume to be attractive to miners. They simply switch to mining whichever is most profitable at the time. You can see the effects here:

                                  https://bitcoinwisdom.com/bitcoin/difficulty

                                  According to the data on this page, for the first time since at least Feb 2016, Bitcoin difficulty has fallen twice in a row. You can jerk off about how great segwit is all you want, but this is a pretty clear indication that there's now some more serious competition.

                                  There's also the chance, however small, that a fatal flaw in the client operation or crypto calculations will render Bitcoin (and possibly its derivatives) entirely worthless. That's worse than a Wall Street crash.

                                    Comment

                                    • MikeAMS
                                      Confirmed User
                                      • Sep 2015
                                      • 364
                                      #10
                                      In all honesty I think we still have some time before the bubble bursts...

                                      Not only based on the below image but also on the many conversations i had with some of the "so-called experts".. In other words.. I would def buy BTC!! Or go for some upcoming smaller crypto

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                                        Comment

                                        • bronco67
                                          Too lazy to set a custom title
                                          • Dec 2006
                                          • 29032
                                          #11
                                          Number 2 applies in this case. Doesn't anyone learn from history?


                                          bub·ble
                                          ˈbəb(ə)l/
                                          noun
                                          noun: bubble; plural noun: bubbles; noun: bubble shell; plural noun: bubble shells
                                          1.
                                          a thin sphere of liquid enclosing air or another gas.

                                          2.
                                          used to refer to a good or fortunate situation that is isolated from reality or unlikely to last.

                                            Comment

                                            • CaptainHowdy
                                              Too lazy to set a custom title
                                              • Dec 2004
                                              • 94744
                                              #12
                                              I actually handicapped to give any kind of economic advice, Mr. Peabody ...

                                                Comment

                                                • NickBaer
                                                  Nick Baer
                                                  • Jun 2005
                                                  • 1393
                                                  #13
                                                  Originally posted by awxm
                                                  Go with GDAX, same company, lower fees, your account is tied to your Coinbase.

                                                  Yeah I would invest although I think this current spike is due a correction any day now but what the fuck do I know?

                                                  I wouldn't recommend leaving it sitting on an exchange, safest bet is probably a hardware wallet such as a Trezor.
                                                  GDAX can't match my name and SSN to whatever public record DB they use.

                                                  So I use Coinbase. As an American, that's the only exchange that has processed my KYC documents, or allows US Citizens..
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                                                    Comment

                                                    • adultchatpay
                                                      Let's Make Money
                                                      • Dec 2008
                                                      • 8785
                                                      #14
                                                      When US tells bitcoin is funding terrorism, that's when the bubble will burst.

                                                        Comment

                                                        • BarryB
                                                          Confirmed User
                                                          • Nov 2016
                                                          • 199
                                                          #15
                                                          For sure, BTC only going one way - Up!

                                                            Comment

                                                            • bns666
                                                              Confirmed Fetishist
                                                              • Mar 2005
                                                              • 11555
                                                              #16
                                                              Originally posted by CAHEK
                                                              Bitcoin could be at $40,000 at the end of 2018.

                                                              $0000 - $1000: 1789 days
                                                              $1000- $2000: 1271 days
                                                              $2000- $3000: 23 days
                                                              $3000- $4000: 62 days
                                                              $4000- $5000: 61 days
                                                              $5000- $6000: 8 days
                                                              $6000- $7000: 13 days
                                                              $7000- $8000: 14 days
                                                              $8000- $9000: 9 days

                                                              Too Far, Too Fast?
                                                              quite fast...
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                                                                Comment

                                                                • Barry-xlovecam
                                                                  It's 42
                                                                  • Jun 2010
                                                                  • 18083
                                                                  #17
                                                                  With all the interest in blockchain by national banks and some private businesses -- Bitcoin's days may be numbered, then maybe not ... Place your bets I guess.

                                                                    Comment

                                                                    • PornDude
                                                                      I'm still broke.
                                                                      • Jul 2008
                                                                      • 3084
                                                                      #18
                                                                      Go buy & don't look back
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                                                                        • The Porn Nerd
                                                                          Living The Dream
                                                                          • Jun 2009
                                                                          • 19788
                                                                          #19
                                                                          Originally posted by PikaPoka
                                                                          Go buy & don't look back
                                                                          That's what my friends who are into BTC big time tell me to do.
                                                                          (Then again they would, wouldn't they? But they are richer than me so I am listening.)

                                                                          The thing I like with Coinbase is how easy it is to setup and, if you want or need to, you can easily sell your Bitcoins. I think if I keep an eye on it and set a limit to sell if it drops to a certain price I should be good to go.

                                                                          Famous last words? :D
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                                                                            • GAMEFINEST
                                                                              Make STACK$
                                                                              • Nov 2006
                                                                              • 14478
                                                                              #20
                                                                              I rather buy stocks
                                                                              Compound interest.

                                                                                Comment

                                                                                • ruff
                                                                                  I have a plan B
                                                                                  • Aug 2004
                                                                                  • 5507
                                                                                  #21
                                                                                  Of course GFY is where I go for Crypto knowledge. Call me.
                                                                                  CryptoFeeds

                                                                                    Comment

                                                                                    • The Porn Nerd
                                                                                      Living The Dream
                                                                                      • Jun 2009
                                                                                      • 19788
                                                                                      #22
                                                                                      Originally posted by ruff
                                                                                      Of course GFY is where I go for Crypto knowledge. Call me.
                                                                                      But GFY is good at checking the weather on some things.

                                                                                      Will do in a little while Sir.
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                                                                                        • wankawonk
                                                                                          Confirmed User
                                                                                          • Aug 2015
                                                                                          • 1018
                                                                                          #23
                                                                                          I would buy it, along with some altcoins. I hold a bit of ether, bch, and litecoin, in addition to a ton of btc, and am looking into dash, monero, zcash, and ripple.

                                                                                          I don't see the scaling issue/tx fee/block size debate being a bitcoin-killing issue (and apparently neither do the bitcoin core devs), but it's obviously pushing attention and transactions onto smaller blockchains, and that's only going to continue as tx fees rise. I think bitcoin will be around for a long time as a store of value, but other cryptos are already behaving more like "currency" than BTC (bitmain is only accepting BCH last time I checked!), so being diversified into the larger crypto ecosystem seems smart right now.

                                                                                          The problem with any crypto (except ripple apparently?) is that no single blockchain can support every transaction in the world, no matter the block size or frequency. So any blockchain that gets popular will end up with high tx fees and people will start using newer blockchains to do smaller transactions.

                                                                                            Comment

                                                                                            • sirkonstantine
                                                                                              Confirmed User
                                                                                              • Jan 2012
                                                                                              • 281
                                                                                              #24
                                                                                              I'm gonna pass on this one.

                                                                                              If I wanted in, I would have done it when I was in highschool reading about BTC on the family's dial up connection.

                                                                                              IMO, I missed the bus a long, long time ago.

                                                                                              There's more opportunity out there. Trust me.

                                                                                              Also, if I did buy BTC, it'll be on it for the long run. IMO, if BTC is 10k today, would it be at 20k in 5 years? 40k in 10 years?

                                                                                              I-d-k so I'll pass.

                                                                                              IMO, most people on BTC are speculating and not investing.

                                                                                              I know a few people who invested: they mined early on as well as created coin technologies. That's a better route IMO.

                                                                                                Comment

                                                                                                • PornDiscounts-V
                                                                                                  Confirmed User
                                                                                                  • Oct 2003
                                                                                                  • 5744
                                                                                                  #25
                                                                                                  Wait. It will implode soon.

                                                                                                  Then buy. Sell at next 12k valuation.

                                                                                                  Rinse and repeat
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                                                                                                    • Paul&John
                                                                                                      Confirmed User
                                                                                                      • Aug 2005
                                                                                                      • 8644
                                                                                                      #26
                                                                                                      Originally posted by sirkonstantine
                                                                                                      I'm gonna pass on this one.

                                                                                                      If I wanted in, I would have done it when I was in highschool reading about BTC on the family's dial up connection.

                                                                                                      IMO, I missed the bus a long, long time ago.

                                                                                                      There's more opportunity out there. Trust me.

                                                                                                      Also, if I did buy BTC, it'll be on it for the long run. IMO, if BTC is 10k today, would it be at 20k in 5 years? 40k in 10 years?

                                                                                                      I-d-k so I'll pass.

                                                                                                      IMO, most people on BTC are speculating and not investing.

                                                                                                      I know a few people who invested: they mined early on as well as created coin technologies. That's a better route IMO.
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                                                                                                        • bigPunk
                                                                                                          Confirmed User
                                                                                                          • Jan 2012
                                                                                                          • 1093
                                                                                                          #27
                                                                                                          Originally posted by Paul&John
                                                                                                          Signature goes here

                                                                                                            Comment

                                                                                                            • Paul&John
                                                                                                              Confirmed User
                                                                                                              • Aug 2005
                                                                                                              • 8644
                                                                                                              #28
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                                                                                                                • NatalieK
                                                                                                                  Natalie K
                                                                                                                  • Apr 2010
                                                                                                                  • 20123
                                                                                                                  #29
                                                                                                                  never to late, but go with either coinbase or bitpanda, plus500 is very good but has so much it could be confusing.


                                                                                                                  40k by the end of 2018 so youll earn big bucks
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                                                                                                                    • Trolleater
                                                                                                                      Confirmed User
                                                                                                                      • Jun 2002
                                                                                                                      • 1441
                                                                                                                      #30
                                                                                                                      It's not going to drop anytime soon. I'd guess it hits $60k by the end of 2018 at least.

                                                                                                                        Comment

                                                                                                                        • Paul&John
                                                                                                                          Confirmed User
                                                                                                                          • Aug 2005
                                                                                                                          • 8644
                                                                                                                          #31
                                                                                                                          Originally posted by Trolleater
                                                                                                                          It's not going to drop anytime soon. I'd guess it hits $60k by the end of 2018 at least.
                                                                                                                          Actually it just dropped to 10.5k$ :D
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                                                                                                                            • ruff
                                                                                                                              I have a plan B
                                                                                                                              • Aug 2004
                                                                                                                              • 5507
                                                                                                                              #32
                                                                                                                              Buy Bitcoin, Etherium and Litecoin. Joy to the world will be yours before damnation and the final Twitter. You will be winning. This is known.
                                                                                                                              CryptoFeeds

                                                                                                                                Comment

                                                                                                                                • The Porn Nerd
                                                                                                                                  Living The Dream
                                                                                                                                  • Jun 2009
                                                                                                                                  • 19788
                                                                                                                                  #33
                                                                                                                                  Originally posted by ruff
                                                                                                                                  Buy Bitcoin, Etherium and Litecoin. Joy to the world will be yours before damnation and the final Twitter. You will be winning. This is known.
                                                                                                                                  Well I do like winning.....

                                                                                                                                  Thanks for your wisdom Sir!!
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                                                                                                                                    • chaze
                                                                                                                                      Confirmed User
                                                                                                                                      • Aug 2002
                                                                                                                                      • 9774
                                                                                                                                      #34
                                                                                                                                      That's time I said not to here, it was $600
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                                                                                                                                        • Bladewire
                                                                                                                                          StraightBro
                                                                                                                                          • Aug 2003
                                                                                                                                          • 56228
                                                                                                                                          #35
                                                                                                                                          Originally posted by Paul&John


                                                                                                                                          Skype: CallTomNow

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                                                                                                                                            • The Porn Nerd
                                                                                                                                              Living The Dream
                                                                                                                                              • Jun 2009
                                                                                                                                              • 19788
                                                                                                                                              #36
                                                                                                                                              It's been a wild ride so far . . . . and it's only Day #1.

                                                                                                                                              :D
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                                                                                                                                                • TheDynasty
                                                                                                                                                  See Signature
                                                                                                                                                  • Apr 2016
                                                                                                                                                  • 5882
                                                                                                                                                  #37
                                                                                                                                                  buy now good advice!
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