Results 1 to 20 of 24

What do you think of Cryptocurrancy?

| Off Topic Discussions

Hybrid View

  1. #1
    CapitalRecovery started this thread.
    CapitalRecovery's Avatar
    SMF Badges of Honor

    Member since
    Aug 2015
    Location
    United States
    Posts
    315
    Thanks
    232
    Thanked 255 Times in 133 Posts
    Ok i just bought some bitconnect coin and invest a nice chunk of change. The question I have all you number guys is this. Should I reinvest $100 every day or should I hold off for 10 days and invest the 1k for a .001% bonus? I did the math and it made more sense to wait the 10 days. Just want to check my math...


  2. The Following User Says Thank You to CapitalRecovery for This Post:


  3. #2
    RLS0812's Avatar
    SMF Badges of Honor

    Member since
    Feb 2014
    Location
    Bucks County Pennsylvania
    Posts
    896
    Thanks
    155
    Thanked 633 Times in 358 Posts
    Quote Originally Posted by CapitalRecovery View Post
    Ok i just bought some bitconnect coin and invest a nice chunk of change.
    The only ones who have Bitcoin are the "investors" ( or people using it for illegal purchases ) . Sooner or later a bunch of folks are going to try to cash out their "coins", and cauuse a market rush.

    The question is - when everything is said and done, who is going be left "holding the bag" ? Prices can not go up forever .

  4. The Following User Says Thank You to RLS0812 for This Post:


  5. #3
    HipoGear is offline Metal Recycling Entrepreneur
    HipoGear's Avatar
    SMF Badges of Honor


    Member since
    May 2015
    Location
    Rochester, NY
    Posts
    735
    Thanks
    2,047
    Thanked 942 Times in 407 Posts
    Quote Originally Posted by CapitalRecovery View Post
    Ok i just bought some bitconnect coin and invest a nice chunk of change. The question I have all you number guys is this. Should I reinvest $100 every day or should I hold off for 10 days and invest the 1k for a .001% bonus? I did the math and it made more sense to wait the 10 days. Just want to check my math...
    .001% bonus does not sound like much. You may be able to make more in gains during that time. BTW, I offer no financial advice here

    However, I would definitely split it up between different coins/tokens. I have been using binance as an exchange (trading platform) because it gives you access to so many different coins. I also have been looking at coins with a purpose. Bitcoin developed the block chain but aside from that has no purpose or mission. Many of the tokens that have developed off of ethereum have a technical goal in mind, many around the idea of decentralization. Substratum is one of these that I am getting behind. I also suspect that ethereum may ultimately overtake bitcoin because it is driving so many of these tokens.

    As RLS stated, this current rush may not last. The only real value thus far has come from trading.
    Copper, brass, and Leather. 3 of my favorite things.

  6. The Following User Says Thank You to HipoGear for This Post:


Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

 
Browse the Most Recent Threads
On SMF In THIS CATEGORY.





OR

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

The Scrap Metal Forum

    The Scrap Metal Forum is the #1 scrap metal recycling community in the world. Here we talk about the scrap metal business, making money, where we connect with other scrappers, scrap yards and more.

SMF on Facebook and Twitter

Twitter Facebook