Guys Let's All Get Rich - Are You Ready?

CaptainForehead

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I went to my bank to ask about investing in mutual funds.

They told me that I'm not allowed as I'm in the USA on a visa rather than a green card. The best they can offer me are certificates of deposits paying 0.07% interest, that means $7 per year of interest per $10,000 invested. I said no thank you.

They did bump up my checking and savings accounts to 0.02% and 0.04% interest respectively.

I'll have to figure out something else.

f*** Visas.

Can you get a green card?
 

UberBaldaten

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I see no point in investing in BCH nor BTC at this point. There are higher gains new better tech that is being supported by decent companies.
I'm a fan of Ethereum and believe it will moon a lot when the Raiden and Casper have been implemented along with Proof Of Stake system.
 

Saurabhaj

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Better to clear position from crypto market for few days guys.

Bitcoin lost 10 to 20 billion dollars in last few days.
Don't lose money.
 

Saurabhaj

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Don't you say that every day?
No.
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Rudiger

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I just bought more BTC when it went down to 15.5k. All purchases have been under 16k with the first being at 12k.
 

Afro_Vacancy

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I just bought a small amount of bitcoin cash.

I see that everything is crashing right now. Litecoin is ~20% below its peak, ethereum is ~5% below its peak, bitcoin cash is ~33% below its peak, and bitcoin is ~20% below its peak.
 

Rudiger

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Is it really still a good idea to buy BTC?

Yes, but only if you take out at least 3 mortgages for it.

Seriously though right now it's flirting with 15k, I've heard some talk of it going to 12k before another spike but I dunno. Do you mean is it still as much of a good idea as say, after it first spiked? I don't see why not.
 

Saurabhaj

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Damn right it is, and it's exhilarating. BTC is up and down and round and round, get in on this sh*t @Saurabhaj the dopamine man! I don't know if my kids are going to eat this Christmas or have a roof over their heads!

Do you even know what is dopamine?
Stop talking rubbish.
 

Afro_Vacancy

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It would be ironic if the fork is what popped the crypto currency bubble.
 

Rudiger

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I have a friend who hates bitcoin and anyone remotely interested in it, because fair enough, he's been traumatised by a guy who he works with who literally talks about his bitcoin investments several times a day.

Everyone probably realises this already but it's best to keep your crypto interests to yourself and people very close to you, others will hope the worst. Only people who really care about you will stay positive about your pursuit of investing, generally people are cynical about making "easy money" and jealous if it pays off (of course if it was that easy then they could've cashed in themselves). Case in point:

Last week this friend (well, half-friend) found out about my bitcoin interest as my other close friend asked how it's going, and of course this guy had a hundred pressing questions until I actually just told him to piss off, but half these questions were loaded and seeking me to gloat, or imply I'm gullible in the bubble and throwing my money away.

Anyway today he calls me, I've known this guy a long time but I doubt we've ever called each other before generally (maybe if meeting for drinks or something ages ago but not in a "hey how's life" kinda way, definitely not) specifically to tell me how bitcoin just crashed down to 0% and everyone lost their money.

What happened was, bitcoin cash for some reason went to 0% on coinbase which I'd already seen (might have something to do with being investigated for insider training but I have no idea) not bitcoin, which instantly disappointed him. He insisted I must have lots of money in bitcoin cash but I do not, and anyway I said it has to be an error and should correct soon, and call me back tomorrow if it hasn't (and it has).

It also shows me that he's so obsessed that he's checking coinbase regularly just to see if other people are losing money, and wishing the absolute worst for them.

Failing species.
 

Afro_Vacancy

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I have a friend who hates bitcoin and anyone remotely interested in it, because fair enough, he's been traumatised by a guy who he works with who literally talks about his bitcoin investments several times a day.

Everyone probably realises this already but it's best to keep your crypto interests to yourself and people very close to you, others will hope the worst. Only people who really care about you will stay positive about your pursuit of investing, generally people are cynical about making "easy money" and jealous if it pays off (of course if it was that easy then they could've cashed in themselves). Case in point:

Last week this friend (well, half-friend) found out about my bitcoin interest as my other close friend asked how it's going, and of course this guy had a hundred pressing questions until I actually just told him to piss off, but half these questions were loaded and seeking me to gloat, or imply I'm gullible in the bubble and throwing my money away.

Anyway today he calls me, I've known this guy a long time but I doubt we've ever called each other before generally (maybe if meeting for drinks or something ages ago but not in a "hey how's life" kinda way, definitely not) specifically to tell me how bitcoin just crashed down to 0% and everyone lost their money.

What happened was, bitcoin cash for some reason went to 0% on coinbase which I'd already seen (might have something to do with being investigated for insider training but I have no idea) not bitcoin, which instantly disappointed him. He insisted I must have lots of money in bitcoin cash but I do not, and anyway I said it has to be an error and should correct soon, and call me back tomorrow if it hasn't (and it has).

It also shows me that he's so obsessed that he's checking coinbase regularly just to see if other people are losing money, and wishing the absolute worst for them.

Failing species.

At some point in the last few years you decided that this guy should be a half-friend.

You did well.
 

Rudiger

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At some point in the last few years you decided that this guy should be a half-friend.

You did well.

Haha. He's not a favourite person for sure, I have a lot of "friends" that are more casual acquaintances that I'd drink with, or play FIFA with etc. (as long as it's not just the two of us, then we might actually have to talk about life and stuff instead of just ribbing each other in front of an audience). So it was weird even realising that I've known this guy for like 15 years, on paper that might mean something but really I have very little connection to the guy, along with others.

OK I have nobody to gloat to. But I was licking my wounds about not doing as well as I'd hoped, after hearing mac has made money, but I just realised from going over everything I've made a really good return since I started and especially since I pumped bigger numbers in. I've got about 40% profit on what I've put in, re-investing in LTC did help that significantly (nearly doubled up that day) but even from BTC in buying when low I've made a steady profit.

Now that I've got a decent amount of money invested, seeing what happens when it goes up even $1300 is crazy, I'm gonna lose my sh*t if we get back over 18k or so (currently over 14 while writing this).

Were you tempted to buy when it went below 11k today? Or are you tempted with the low pricing of ETH and LTC right now? I know I am.
 
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