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investment in cryptocurrency

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Noviarini

Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?

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#1 - February 10, 2019, 05:46:21 AM

Lordmishi

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Quote from: Noviarini on February 10, 2019, 05:46:21 AM
Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?
There is a thread with same discussion about investment in bitcoin.

You have to look before start new thread. Bitcoin is yes just speculation, but what happen to people who buy bitcoin in 2012 ? The thing is always think positive and be carefull about the thing you invest
#2 - February 10, 2019, 09:05:19 AM

Jaya hendra

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Quote from: Noviarini on February 10, 2019, 05:46:21 AM
Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?

yes, all must be at risk, we must be careful







#3 - February 10, 2019, 09:29:23 AM

ekawahyu

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Quote from: Noviarini on February 10, 2019, 05:46:21 AM
Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?
Its is not a practical future. it is design to be that way.But when more and more new people join in, and see this as an investment, the price skyrocketed. Since its still mineable those huge volality will still hapen. same like trading forex lets say. Buy it on low, and sell it at high, same kinf of investment i think.
#4 - February 10, 2019, 02:46:38 PM

ASHfx

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Quote from: Noviarini on February 10, 2019, 05:46:21 AM
Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?
I do not agree with the sentence. Bitcoin is the latest currency or payment system, can be made an investment. not speculation. and very different from cassino. what is the reason for your opinion?
see the development of bitcoin from year to year. it's clear it's a good development.
#5 - February 10, 2019, 02:56:05 PM

rafid

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i think its better for using cryptocurrency as a payment or make transaction because its offer fast time, for investment its not bad but we need to be very carefull here
#6 - February 10, 2019, 03:04:01 PM

ekawahyu

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Quote from: Sulaeman on February 10, 2019, 02:56:05 PM
I do not agree with the sentence. Bitcoin is the latest currency or payment system, can be made an investment. not speculation. and very different from cassino. what is the reason for your opinion?
see the development of bitcoin from year to year. it's clear it's a good development.
it might be based on, new people are just jumping in into investment when the price hike on 2017 without any good research. and when the price drop they see it as a gamble in the casino. Which is a very wrong approach.

this happens alot to my fellow country man
#7 - February 10, 2019, 03:09:54 PM

ekawahyu

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Quote from: rafid on February 10, 2019, 03:04:01 PM
i think its better for using cryptocurrency as a payment or make transaction because its offer fast time, for investment its not bad but we need to be very carefull here
Yes I aggree on this. 
there are alot of mining site or investmet site which try to give unreasonable amount of profit by making some deposit.if we know how crypto works, we won't fall that easily into this kind of trap
#8 - February 10, 2019, 03:12:07 PM

rafid

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Quote from: ekawahyu on February 10, 2019, 03:12:07 PM
Yes I aggree on this.
there are alot of mining site or investmet site which try to give unreasonable amount of profit by making some deposit.if we know how crypto works, we won't fall that easily into this kind of trap
for now its not good to mining the bitcoin because the price is too low now, it doesnt even able to cover the mining cost. but we really dont know the future, i think ill buy some of it if it already on the bottom
#9 - February 10, 2019, 03:16:27 PM

ASHfx

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Quote from: ekawahyu on February 10, 2019, 03:09:54 PM
it might be based on, new people are just jumping in into investment when the price hike on 2017 without any good research. and when the price drop they see it as a gamble in the casino. Which is a very wrong approach.

this happens alot to my fellow country man
if you really make the decision to buy bitcoin at the end of 2017,
I think that includes speculation, regardless of risk. and the result is a very high loss.
but if you look at the current price, it is likely that it will increase, because in terms of analysis and indicators, it has entered the basis of support.
meaning that if you buy a bitcoin the current price can be made as an investment.

I'm sorry to hear about your friend who bought at the peak price.
#10 - February 10, 2019, 03:19:56 PM

ekawahyu

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Quote from: rafid on February 10, 2019, 03:16:27 PM
for now its not good to mining the bitcoin because the price is too low now, it doesnt even able to cover the mining cost. but we really dont know the future, i think ill buy some of it if it already on the bottom
yes that is the basic probelm of mining, very costly. But if you mine and ready to hold it i think its still provitable in the future if the price rise. if only you have the money to cover the cost for now. ;D
#11 - February 10, 2019, 03:25:10 PM

ekawahyu

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Quote from: Sulaeman on February 10, 2019, 03:19:56 PM
if you really make the decision to buy bitcoin at the end of 2017,
I think that includes speculation, regardless of risk. and the result is a very high loss.
but if you look at the current price, it is likely that it will increase, because in terms of analysis and indicators, it has entered the basis of support.
meaning that if you buy a bitcoin the current price can be made as an investment.

I'm sorry to hear about your friend who bought at the peak price.
Thanks so much. Too bad I met them after the price drop.
some even loss a lot of NXT fork and the birth of ignis.

Someone also get divorced by it.
that is a pure gamble, not an investment.
#12 - February 10, 2019, 03:27:17 PM

rafid

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Quote from: ekawahyu on February 10, 2019, 03:25:10 PM
yes that is the basic probelm of mining, very costly. But if you mine and ready to hold it i think its still provitable in the future if the price rise. if only you have the money to cover the cost for now. ;D
haha i dont mine bitcoin now bro, i think its useless because in the end i'll get minus if the price keep like this
#13 - February 10, 2019, 03:40:25 PM

ekawahyu

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Quote from: rafid on February 10, 2019, 03:40:25 PM
haha i dont mine bitcoin now bro, i think its useless because in the end i'll get minus if the price keep like this
yeah if the price stay stagnant like this mining won't bring any profit. but if it will increase in the future, it might be a good time to mine it. Aa less and less mining company that still running. Can't cover up with the cost. haha

for now i choose bitcoin faucet to get the free bitcoin.
#14 - February 11, 2019, 04:45:42 AM

007fx

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Quote from: Noviarini on February 10, 2019, 05:46:21 AM
Cryptocurrencies may have a practical future as currencies, but they are not investments. They are simply a speculation, no better than a casino.

what do you think about the sentence?
In my opinion crypto is the future currency and how we react to it, like real money used to play casino, it can, crypto can also be used by casino players, depending on your use:)
#15 - February 11, 2019, 07:30:31 AM
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