Crypto 101?

[silvermonte]

Originally Posted by AMSOILGUY

I agree the new coins are risky as all get up. But you can still buy Bitcoin and hold it. Are you going to get back in?

Its very unlikely I will get back in. I made my money and cant complain. I looked at it as a cheap hail mary investment/gamble when I purchased bitcoins years ago. I figured what is a few grand in the big picture, with that idea the large gains in bitcoin like what I previous had are long past.

Even if bitcoin was to hit 1 million apiece thats a 20 fold profit from current prices, while not bad I wouldnt want to roll the dice it. I have more secure places I would invest my money. If I was to get back it with would be with the doge coin or what ever its called, throw $1000 at it and wait a decade.

I have not looked much into the newer coins buy they seem to have a lot of gimicks to get you to invest in them and then a month later they disappear and who ever was holding all the cash made off like a bandit. I think that is also what scares most people away from this form of currency.