Current Events > Should I buy bitcoin? have any of you turned a profit?

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assassinCrash
10/25/17 5:53:06 PM
#1:


topic
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_BlueMonk
10/25/17 5:53:52 PM
#2:


i bought 20 dollars worth back in may?? its 100 now.
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BlazinBlue88
10/25/17 5:55:35 PM
#3:


I've pump and dumped an altcoin for a $70 profit. If I cashed out all my crypto, I'd probably have a $1k profit. I just started back in August.
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clearaflagrantj
10/25/17 5:59:11 PM
#4:


Buy 40% BTC, 40% ETH, 10% LTC, divide the rest up between XMR, BAT, NEO, SC, WTC, LINK, VTC.

Split up your purchases between weekly payments. I.E. split up $5,000 into 5 payments of $1,000 every weekend.

Store all your coins on a wallet you control.
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clearaflagrantj
10/25/17 6:02:35 PM
#5:


BlazinBlue88 posted...
I've pump and dumped an altcoin for a $70 profit. If I cashed out all my crypto, I'd probably have a $1k profit. I just started back in August.

I literally see no point in cashing out on anything outside of CLEAR SCAMS like Bitcoin Gold and BitcoinConnect.

Cashing out on cryotos now would be like cashing out on Google after seeing a 40% profit from 1994 to 1996. Do some research, buy coins you believe in, then 10 years later check to see if you're a millionaire.
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BlazinBlue88
10/25/17 6:19:22 PM
#6:


clearaflagrantj posted...
BlazinBlue88 posted...
I've pump and dumped an altcoin for a $70 profit. If I cashed out all my crypto, I'd probably have a $1k profit. I just started back in August.

I literally see no point in cashing out on anything outside of CLEAR SCAMS like Bitcoin Gold and BitcoinConnect.

Cashing out on cryotos now would be like cashing out on Google after seeing a 40% profit from 1994 to 1996. Do some research, buy coins you believe in, then 10 years later check to see if you're a millionaire.

Right. I was just getting ahead of the people that always say something like, "oh until you cash out, you haven't made any money." I reinvested that $70 from that altcoin into another.
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kinetika_
10/25/17 7:00:28 PM
#7:


So what's this wallet thing? I already bought bitcoin on coinbase, but do I need a wallet too?
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assassinCrash
10/25/17 7:10:12 PM
#8:


kinetika_ posted...
So what's this wallet thing? I already bought bitcoin on coinbase, but do I need a wallet too?


I think coinbase has a wallet already
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clearaflagrantj
10/25/17 7:26:47 PM
#9:


kinetika_ posted...
So what's this wallet thing? I already bought bitcoin on coinbase, but do I need a wallet too?

https://bitcoin.org/en/choose-your-wallet

A wallet is something you are in total control of. The "wallet" on Coinbase (along with the Bitcoin "vault") are not wallets, they are just "I Owe You's" from Coinbase, i.e. you have a checking account at a bank with a balance of $1000, you do not physically have the $1000, but the bank owes you $1000 whenever you want it.

But let's say hypothetically the bank explodes, along with every other bank in the world, and the FDIC shuts down, you would never be able to get your money. That is why you should have your Bitcoin on your own wallet.
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Naysaspace
10/25/17 7:31:00 PM
#10:


beware the taxman freezing assets of bitcoin cashouts.
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lww99
10/25/17 7:44:08 PM
#11:


GreenAddress looks kinda good? I'm in the same boat myself.
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clearaflagrantj
10/25/17 8:01:03 PM
#12:


Naysaspace posted...
beware the taxman freezing assets of bitcoin cashouts.

Basically.
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MisterPorn
10/27/17 9:46:21 PM
#13:


Do it
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BignutzisBack
10/27/17 9:47:29 PM
#14:


clearaflagrantj posted...
Naysaspace posted...
beware the taxman freezing assets of bitcoin cashouts.

Basically.


wut

How do we avoid it ?
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TheMikh
10/27/17 9:49:35 PM
#15:


I really should have jumped in back in 2012 when I first heard about it, as I'd be very well off today if I had.

First got started in May, unfortunately, but have made about 75% ROI on my incremental investments.
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itachi15243
10/27/17 10:09:16 PM
#16:


I bought about about 8 grand worth in the time when it was going for between 1k-2k. I've since made over six grand taking bits out over time. I have another six grand in currently, gonna take out two or three soon and then leave the remaining three or four in for the fork, hopefully to double when the fork happens. If not and it crashes then I still have at least double. If not ten times as much considering that eight thousand was made with two thousand originally between bit coin and a couple other different ones.
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Returning_CEmen
10/29/17 12:41:11 PM
#17:


Bought $1000 worth on Thursday, and from there it started to dip in price. Finally in the green as the price shot back up today
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assassinCrash
10/29/17 12:42:38 PM
#18:


Returning_CEmen posted...
Bought $1000 worth on Thursday, and from there it started to dip in price. Finally in the green as the price shot back up today


How long do you plan on keeping it there?
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assassinCrash
10/29/17 12:43:03 PM
#19:


itachi15243 posted...
I bought about about 8 grand worth in the time when it was going for between 1k-2k. I've since made over six grand taking bits out over time. I have another six grand in currently, gonna take out two or three soon and then leave the remaining three or four in for the fork, hopefully to double when the fork happens. If not and it crashes then I still have at least double. If not ten times as much considering that eight thousand was made with two thousand originally between bit coin and a couple other different ones.


Congrats
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Returning_CEmen
10/29/17 2:10:37 PM
#20:


assassinCrash posted...
Returning_CEmen posted...
Bought $1000 worth on Thursday, and from there it started to dip in price. Finally in the green as the price shot back up today


How long do you plan on keeping it there?

idk years

I plan on buying more so I can trade those for other cryptos
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weAREtheB0RG
10/29/17 2:13:10 PM
#21:


I just don't see how it can get more valuable than it is, and I even if it DOES go up the buy in is so high right now that the risk / reward just isn't there for me.

Anyways, I feel a crash a coming.
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Turtlebread
10/29/17 2:17:29 PM
#22:


I bought 1 bitcoin at 1000 AUD and now it's like 7500 AUD so that's okay
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clearaflagrantj
10/29/17 2:55:31 PM
#23:


weAREtheB0RG posted...
I just don't see how it can get more valuable than it is, and I even if it DOES go up the buy in is so high right now that the risk / reward just isn't there for me.

Anyways, I feel a crash a coming.

Just think of price in terms of its market cap. There are 21 million coins, and the market value of bitcoin each is divided amongst all of those coins.

If Bitcoin ends up with the same market cap as gold, it would be worth 80x what it is today.

And we all know Bitcoin is more secure, better regulated, and easier to handle than gold and precious metals. We haven't even begun to scratch the surface of what Bitcoin is truly worth.
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#24
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FightingGames
10/29/17 3:16:11 PM
#25:


BignutzisBack posted...
How do we avoid it ?

buy stuff directly with bitcoins. Amazon is already setting up to accept bitcoins
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