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[cem_devecioglu]

One friend ask me about that bitcoin .. to invest or not


its a subject that I know nothing about..


any opinions or info welcome

[MR MISTER]

One friend ask me about that bitcoin .. to invest or not


its a subject that I know nothing about..


any opinions or info welcome

If your friend is asking advice of someone who knows nothing about it, I would advise him to steer clear of anything financial. 
Tell him to leave his money where it is........safe.

I an no expert on bit coin but I do know that it fluctuates wildly and needs constant attention.

[Varche]

Good question.

I initially thought what a great idea and one day it will be.

Two things put me off.
1. The value recently rocketed by a large amount.
2. How secure will it be?  e.g. what is to stop someone hacking into your account and changing your history to zero and in effect stealing your wealth. 

However if your friend has some money that they can afford to lose then why not have a punt. Afterall the folk who invested early in the dotcom bubble (and got out) before it burst made a killing.

[cem_devecioglu]

One friend ask me about that bitcoin .. to invest or not


its a subject that I know nothing about..


any opinions or info welcome

1.If your friend is asking advice of someone who knows nothing about it, I would advise him to steer clear of anything financial. 
2.Tell him to leave his money where it is........safe.

I'm no expert on bit coin but I do know that it fluctuates wildly and needs constant attention.

1.
2. after some googling and checking forums, I adviced the same..  honestly anything other than gold , diamond and some other precious metals like titanium,  all can go down  or become worthless toilet paper like some currencies..
3. as I I see it made the big shift in 2011 and 2013 so its not cheap to buy now

[cem_devecioglu]

Good question.

I initially thought what a great idea and one day it will be.

Two things put me off.
1. The value recently rocketed by a large amount.
2. How secure will it be?  e.g. what is to stop someone hacking into your account and changing your history to zero and in effect stealing your wealth. 

However if your friend has some money that they can afford to lose then why not have a punt. Afterall the folk who invested early in the dotcom bubble (and got out) before it burst made a killing.

honestly its a fictive/virtual money which I guess money masters didnt like.. so they will start to play with it and push small players to bankruptcy..

[Mr.OmegaMan]

Didn't risk buying any meself, Bud did try mining and didn't get anywhere using the laptop, No use, You need special mining equipment now ( like this Link ) the difficulty has gone up so much.

[cem_devecioglu]

Didn't risk buying any meself, Bud did try mining and didn't get anywhere using the laptop, No use, You need special mining equipment now ( like this Link ) the difficulty has gone up so much.

yep.. I  have seen that equipment..  not a cheap tool

[Mr.OmegaMan]

Didn't risk buying any meself, Bud did try mining and didn't get anywhere using the laptop, No use, You need special mining equipment now ( like this Link ) the difficulty has gone up so much.

yep.. I  have seen that equipment..  not a cheap tool

Aye, If your already rich you can make yourself richer, Its typical 

[cem_devecioglu]

Didn't risk buying any meself, Bud did try mining and didn't get anywhere using the laptop, No use, You need special mining equipment now ( like this Link ) the difficulty has gone up so much.

yep.. I  have seen that equipment..  not a cheap tool

Aye, If your already rich you can make yourself richer, Its typical 

agreed..  its not for the poor..

[Sir Tigger KC]

I think that the best way to make money from bitcoin is not to mine them or buy them but to speculate on the price movements. 

It seems as though it's quite volatile as it started December at about $1100, but within 3 weeks was trading below $500 after discouraging noises from the Chinese government.  Since then it's drifted upwards and the price is currently $834 per bitcoin. 

Remember though that it's gambling pure and simple, so don't go betting on bitcoin with money you can't afford to lose!! 

[cem_devecioglu]

I think that the best way to make money from bitcoin is not to mine them or buy them but to speculate on the price movements. 

It seems as though it's quite volatile as it started December at about $1100, but within 3 weeks was trading below $500 after discouraging noises from the Chinese government.  Since then it's drifted upwards and the price is currently $834 per bitcoin. 

Remember though that it's gambling pure and simple, so don't go betting on bitcoin with money you can't afford to lose!! 

yep..

[cem_devecioglu]

now some may think I asked the question for myself, but I have better investment areas that the money never returns

[kevinp58]

Put your money under the matress. 

[blackviper90210]

Mine money IS the mattress, hence why I'm sleeping on a roll mat