Cryptocurrency Investors - Where to start?

Steve · Feb 8, 2022

Another interesting tidbit fact...
45% of all the 'money' ever created in the USA has been created in the last 16 months... MSN forgot to report it

metaladdict · Feb 13, 2022

I hear ETF is the great thing to invest in, instead of mutual funds.
Even though mutual funds are a very good investment.

maxxkatt · Mar 9, 2022

Soil Surgeon said:
That may have been the guy I read about . Man , he must be feeling pretty dumb right now .

Well that does not sound safe.

what if your hard driver crapped out on you with no backup?
what if you get held for ransomware locking up your hard drive and they want $500,000 to unlock your drive?

Too risky to put money in an investment that is dependent on your hard disk drive?

or was that just where he only stored access to his account?

I don't have a clue about crypto coins. sounds cryptic to me.

I don't invest in things I don't understand.

Rudy · Mar 9, 2022

metaladdict said:
I hear ETF is the great thing to invest in, instead of mutual funds.
Even though mutual funds are a very good investment.

ETF's and Mutual Funds are pretty similar. For an investor, the main difference is their liquidity. ETF's can be bought/sold intraday in the stock market at their going price, which may be at a premium or discount to their net asset value (NAV), whereas mutual funds can only be bought/sold at the end of the trading session at NAV.

diggin4clad · Mar 14, 2022

I won't be investing one dime in Cryptocurrency.

mh9162013 · Mar 14, 2022

metaladdict said:
I hear ETF is the great thing to invest in, instead of mutual funds.
Even though mutual funds are a very good investment.

Yes, but watch out for the fees. Even "small" fees can dramatically reduce your long-term returns (like reverse compounding).

davidlhyde63366 · May 12, 2022

big losses today for many

https://www.msn.com/en-us/money/mar...pc=U531&cvid=6dfa3449f2b0486d99e01e944813eb17

GKL · May 12, 2022

davidlhyde63366 said:
https://www.msn.com/en-us/money/mar...pc=U531&cvid=6dfa3449f2b0486d99e01e944813eb17

I just noticed that same article online.

just did a search as I heard of some people being scammed via cryptocurrency

https://consumer.ftc.gov/consumer-alerts/2022/01/new-crypto-payment-scam-alert

https://www.fox19.com/2022/02/27/tech-expert-warns-public-cryptocurrency-scams/

https://www.fox2detroit.com/news/former-tv-reporter-and-her-friend-scammed-out-of-thousands-in-crypto-social-media-hack

......I think I will draw the line at using credit cards (and paying them off each month so no interest is paid, but we still earn rewards). No thank you to a totally cashless society !

davidlhyde63366 · May 12, 2022

GKL said:
I just noticed that same article online.

just did a search as I heard of some people being scammed via cryptocurrency

https://consumer.ftc.gov/consumer-alerts/2022/01/new-crypto-payment-scam-alert

https://www.fox19.com/2022/02/27/tech-expert-warns-public-cryptocurrency-scams/

https://www.fox2detroit.com/news/former-tv-reporter-and-her-friend-scammed-out-of-thousands-in-crypto-social-media-hack

......I think I will draw the line at using credit cards (and paying them off each month so no interest is paid, but we still earn rewards). No thank you to a totally cashless society !

never trusted them , glad i invested nothing in them.

Rudy · May 12, 2022

diggin4clad said:
I won't be investing one dime in Cryptocurrency.

It's like buying tulip bulbs. :roll:

davidlhyde63366 · May 12, 2022

another article on the crash

https://www.msn.com/en-us/money/new...sedgntp&cvid=66a0cbdb13d1453081ab437bc99801ef and https://www.msn.com/en-us/money/mar...sedgntp&cvid=66a0cbdb13d1453081ab437bc99801ef

Steve · May 13, 2022

davidlhyde63366 said:
https://www.msn.com/en-us/money/new...sedgntp&cvid=66a0cbdb13d1453081ab437bc99801ef and https://www.msn.com/en-us/money/mar...sedgntp&cvid=66a0cbdb13d1453081ab437bc99801ef

nothing happens unless a certain "pile of garbage" wants it to happen. See how the price spiked up $6k in less than a few hours? The entire thing is a fraud.

Funny no mention of PD dropping 15% in 6 hours, silver dropping 6%, gold dropping 4%, pt dropping 6%... wonder why.
Inflation at record highs = sell $6 billion in paper gold contracts all at once.

aeds151 · May 13, 2022

Crypto old news
NFT’s new money

Sent from my iPhone using Tapatalk

davidlhyde63366 · May 13, 2022

A follow up article on the crypto market

https://www.msn.com/en-us/money/mar...pc=U531&cvid=c2408b54cc2e4d648a03aa285a458ecc never had the desire to invest in it myself , but know many have. Know it is going to affect a lot of investors .

achaios · May 13, 2022

Rudy said:
It's like buying tulip bulbs.

I'd like to know how well the development of quantum computing is going. One of the things it was supposed to be able to do was factor large numbers, and I think the cryptocurrencies out there are banking on that remaining difficult. It's one reason I'm avoiding cryptocurrency like the plague.

-- Tom

Rudy · May 13, 2022

achaios said:
I'd like to know how well the development of quantum computing is going. One of the things it was supposed to be able to do was factor large numbers, and I think the cryptocurrencies out there are banking on that remaining difficult. It's one reason I'm avoiding cryptocurrency like the plague.

-- Tom

I never buy anything that doesn't pay me dividends. The most powerful force of nature is ... compounding. :wow:

Cryptocurrency Investors - Where to start?

Steve

metaladdict

Elite Member

maxxkatt

Rudy

diggin4clad

Elite Member

mh9162013

Elite Member

davidlhyde63366

GKL

davidlhyde63366

Rudy

davidlhyde63366

Steve

aeds151

Senior Member

davidlhyde63366

achaios

Rudy

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