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Bitcoin is a great way to diversify a portfolio even if it's just in small increments.

Please contact for questions or details.
 

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I have some only because I was owed some money by a program who will only pay that way and every month they send me 1-2 coins since May 12016.Definitely not something I recommend for many people and if I didn't gamble I certainly would not have any.I have a feeling it will go in the 700 dollar range sooner than later and not buying into the hype it will be 2k or more in a year or so.
 

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Totally control by corrupt Chinese exchanges posting fake volumes and bids/asks for the coins doesn't bode well for the future.

Or the exchange claims it was hacked and disappears with everyone's money. There is a long list of those.

The underlying blockchain technology isn't as perfect as once touted either.

It has reached capacity and the length of time to "verify" transactions can take hours or days.

The "solution" of having vendors "trust" that people won't "double spend" their bitcoins is laughable in the business world.

Marina is right.........it is a big gamble, mostly on when to sell and get out.
 

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I am holding 14 coins after selling 7 yesterday .I remember way back playing poker and could pick these up for under $10.00 each .
 

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Anyone into this alternative "ETH" that apparently uses different technology than the blockchain? Its all a gamble I know but gotta get in front of the curve haha.
 

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I feel like Bitcoin is kind of like a small cap stock. To me it's much more of a lottery ticket than a bona fide "new asset class". The overall capitalization is relatively small and there are disjoint trading markets.

Consider that is just one of many crypto currencies. Others -- such as Litecoin -- haven't moved in price for many years. There are whole bunch of these, Ethereum, Litecoin, Doge etc.

Which one is going to take off and rise like crazy? It's the same question as "which small cap stock will you gamble on". Bitcoin has done great, sure, but that's in hindsight. You should have also bought CCL.B five years ago, or CSU ten years ago. You would have made so much money if you bought CSU ten years ago!

But who cares? That's not how these things work. Some crypto currencies do well, others don't. Some of them will see their community collapse and become worthless. Some small cap stocks or penny stocks will do very well too.

I'm interested in bitcoin, and of course I wish I bought some earlier, but no more than I wish I bought CSU shares ten years ago. Shoulda woulda coulda.
 

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I have some only because I was owed some money by a program who will only pay that way and every month they send me 1-2 coins since May 12016.Definitely not something I recommend for many people and if I didn't gamble I certainly would not have any.I have a feeling it will go in the 700 dollar range sooner than later and not buying into the hype it will be 2k or more in a year or so.
Who would have thought...

http://www.marketwatch.com/investing/cryptocurrency/btcusd
 

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Bitcoin is a classic "greater fool" scam based on fake market sales volumes and prices. The "markets" are in China controlled by a couple of people. A small number of people control the whole Bitcoin economy.

A fatal flaw in the blockchain that prevents timely verification of transactions as the blockchain gets longer, is ignored with people convincing themselves that no verification is needed for small purchases. Everything can be done on the trust system..........LOL.

When people say.....oh, it can be used for a cup of coffee which only cost $2, they fail to recognize that businesses selling coffee rely on all those $2 sales to stay in business. They can't end their days with half the $2 transactions cancelled.

The bitcoin mania will collapse because there is nothing but air and wild speculation supporting it.

It could still run for quite a ways. How much did the price of tulips get to before that mania collapsed ?

A single tulip bulb valued in "barter" terms.

A list of goods allegedly exchanged for a single bulb of the Viceroy

Two lasts of wheat
Four lasts of rye
Four fat oxen
Eight fat swine
Twelve fat sheep
Two hogsheads of wine
Four tuns of beer
Two tons of butter
1,000 lb. of cheese
A complete bed
A suit of clothes
A silver drinking cup
 

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Your right sags and the reason I have never bought any is because of the Buffett rule and that is I don't really understand it.
 

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The cryptocurrencies don't (yet) have the stability that would make them viable currencies.

One of those crypto currencies has quadrupled in price in the last week. What value does such a thing possibly have as a "currency" ?
 

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Note to self: do not take financial advice from ModelPrice Guy.

I know we had a discussion here about Bitcoin versus gold. Many here thought gold would outperform where I simply stated I would rather hold Bitcoin.
~Brian Acker (ModelPrice App on Facebook)
 

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I came across Bitcoin a few years back and while I understood the risks involved (still very much the wild wild west) I also saw the opportunity for something like decentralized digital currency. I decided to spend the portion of my portfolio I dedicated to high risk/return investments on bitcoin (playing in the lottery also counts towards this).

So I bought some with the intention of holding or as Bitcoiner would say "HODL". I've enjoyed watching the price movement day to day and following the developments/drama in the community over the years. It is much more exciting then the stock market most days. I still believe in the technology but I have lost a bit of hope in Bitcoin with all its current scaling/monopoly struggles.

Anyways while it's only a single digit % point of my portfolio it is my most successful "investment" to date. Makes me laugh.
 

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I have seen some nice profits on bitcoin in past 13 months because I have a few places I gamble that take bitcoin and pay in bitcoin , without the gambling connection I would not be in that space.Recently though I bought Ethereum for under $30 a coin (less than 3 months ago) and today look at it.Personally I put a small amount in as many of these coins as I can figure out but I can afford to take the loss ,I have many friends in the gambling community that have paid off mortgages and retired on these coins.Probably a blessing that I am a gambler lol
 
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