NJ B.S. Thread

True. Their current platform should last 10 years or so.

 

I was hoping at least 12. LOL.

 

Fuck water crossings. Forever. Hit slabs last week with @Chux @planters15 and Ant. The whole ordeal woth Q was terrible and I wish none of that on anyone. Then today I got to start my truck up and the starter would not start my damn truck. After 4 times in and out with 2 different starters (rebuilt stock and advance auto parts special) I got one to work. What a PITA.

 

You only plan on living 12 more years? You're only 37.

 

So can someone explain to me what exactly is Bitcoin. ??

 

Ok I guess I understand alittle but better now.

 

It’s a decentralized crypto currency (pretty much a virtual commodity) that can be sold/invested in or used to purchase things anonymously, but recently over the past month the price of 1 bitcoin jumped from around 6,000 dollars to 17,000. May or may not have bought in a little bit

 

I'm definitely gonna have to check this out

 

https://m.youtube.com/watch?v=hsaU4-AUW2Y

Steer clear of bitcoin and invest in real stocks.

 

Atleast for the near future.

 

Lots of crawlbox talk...
I love mine - it’s a game-changer on the trail.
Supposedly getting the truck back this coming Monday now.

 

Why steer away?
It's been around for a nearly 10 years peple that got in at the start or even 5 years ago with very small investments are now loaded if they were to cash out.

 

A few of my comp sci friends cashed out and were able to pay for college with bitcoin. I don't have the time or graphics cards to mine, but one day maybe I'll build something to mine with for fun.

https://money.howstuffworks.com/bitcoin.htm

For those that want to learn how it works

 

Is it volatile? HELLS YEAH! but nothing like a stock.. if you own stock/shares of a company that folds you may (unlikely) get a share of the liquid assets if sold and not taken by creditors but the stock itself is gone... if a cryptocurrency falls(very likely), it simply drops its value vs other currencies or vs demand (supply will never be an issue as there is a set cap for each type)

I got in WAY WAY late (9 days ago to this day lmao) and already made 70% and recover my trading fees

@The Hunter

 

Bought in about a week a half ago at .06 BTC and pulled out Wednesday... was getting a little skittish

 

Agree with @V5ioV - All investments have their risks. And they have their rewards as well.

Do the diligence to know what market you are in, understand the risks and do what you can to mitigate the risks based on your risk tolerance.

Bitcoin is an investment like any other. If you acquired low and are now in (one of its many) peaks, then you may have made some money. If not, then you lost value.

Guess what. That’s exactly like the stock market.

A broad statement of “steer clear of bitcoin and invest in real stocks” is NOT sound financial advice.

 

This^^^ is a good example of a low(er) risk tolerance for a certain investment.

It shows that you are looking at your investment closely and adjusting according to your tolerance for loss.

This is a good thing.

 

Yep, Anything that can change value has a risk but what I see of cryptocurrencies

So you bought at like 11k-ish?

 

The beauty of cryptocurrencies is that at this point yp u can go in with an amount yoiu are comfortable losing if shit hits the fan but its so volite that the very same amount can go up 1000s% in a year and make lotta lute

ETH is almost 9000% up from last year today.

........................

@Blackout14 I'm not too sure how I feel about cryptocurrency itself being the future, the very same attractive volatility it's making it impractical ATM.... but "What I believe" is the future: is "blockchain" itself. Not just for currencies but for everything you mind can imagine..... it's going to be lime a digital DNA that can tell you info for alot of things.

 

Bought in at around 14k. .06 BTC at the time was 970 USD, sold it at 17.8k for 1,068. Kinda a test run