Has anyone used bitconnect.co yet? It is a great way to generate passive income. You get 0.1% per day + whatever the trading bot makes. Getting in is a bit tricky. First you send BTC to your bitconnect bitcoin wallet. You then use the BTC to buy BCC tokens. You then lend the BCC tokens to the trading bot. The trading bot makes more money when there is more volatility in the value of BTC. The only caveat is that when you lend/stake you tokens to the bot there is a lock in period (200 to 300 days) depending on the amount you stake. If any of you guys want to sign up please do use my referral link

https://bitconnect.co/?ref=get2vivek

[Edited on November 20, 2017 at 9:54 PM. Reason : .]

11/20/2017 9:54:22 PM

considering a small 401k loan ~ $8k and spliting it 80/20 between etherium / bitcoin . any thoughts?

11/24/2017 5:28:36 PM

i think you'd be crazy to do any investing on a loan - save and then invest

11/24/2017 8:05:28 PM

I guess my thoughts are my 401k is savings and I could use it to get in, then out before the bubble pops.

11/24/2017 10:50:32 PM

the entire foundation of eth contracts is suspect as fuck. I wouldn't "invest" anything in it. It's pure gambling. if you want to invest, mine your own

11/25/2017 9:35:08 PM

Just broke 9k. Without knowing how much is in your 401k, I'd say it depends. If 10k is chump change compared to your total amount, then it wouldn't be too bad, especially with stocks being so high. But, it might be worth seeing if there is a "correction" in the next few days for btc. Definitely not a bad plan to dump some into eth or ltc. Both are up 50% over the past couple weeks.

Edited to add:
If you do get in, stay the fuck away from kraken.com. it's a shit show over there, and everything I've read says it is impossible to get your money out. I've read stories of people trying to close a short position on their exchange for literally 5 months now, but the system is so unstable, they can't get the order to go through

[Edited on November 26, 2017 at 12:15 AM. Reason : ]

11/26/2017 12:11:41 AM

2013: Bitcoin Price ~$100

Quote :

" You guys should buy some of this stuff, the tech is sound and interesting, and if it works out, could be worth a lot more. Maybe just put a small percentage of your portfolio into it. Nah That's some nerd shit and too risky. Would never work. "

2017: Bitcoin Price ~$9000

Quote :

" OMFG Where do I cash out my 401K for bitcoin. "

[Edited on November 26, 2017 at 12:32 PM. Reason : a]

11/26/2017 12:32:09 PM

I friend of mine, bought in for a few thousand when it was around $500 and has been buying since, he's made a million $ on BTC so far.

Pretty nuts

He pretty much just parties all the time now, and hangs around with other people that made a bunch of money on crypto and they dump money into random business ideas, some of which pan out.

This same friend once came to me bragging about this new bracelet he bought that released ions into his body that made him extra strong-- talked about the demonstration the guy did trying to push him over and everything...

[Edited on November 27, 2017 at 12:01 AM. Reason : ]

11/26/2017 11:59:22 PM

Money is the great enabler. It gets you where ever you're going faster, for most that's off a cliff. If you have addiction issues you'll be an addict. Dumb ideas and ego lose money and can eventual ruin you.



[Edited on November 27, 2017 at 10:45 AM. Reason : a]

11/27/2017 10:44:48 AM

Did more research. Bitconnect is a ponzi scheme. I'm planning on buying some Monero and Ripple

11/27/2017 11:09:54 AM

^^ he's got pretty stable income now because BTC gave him the security to take bigger risks.

I'm thinking there's probably thousands of people out there who would otherwise be doing menial things that have had their lives changed from BTC, while other people who were more skeptical and cynical about BTC are still in the rat race...

11/27/2017 1:28:44 PM

I ain't gonna lie. I remember when I first saw this thread thinking "shit, I should throw $20 at this like a lottery ticket, my odds are probably the same".

I didn't

11/27/2017 9:53:03 PM

^ i think i downloaded the miner but never installed it

11/27/2017 10:35:46 PM

Quote :

"lewisje All American 9191 Posts user info edit post this Quote : "The price could be $10,000/BTC and these jokers would still be calling its demise." sounds like the ranting of a true Bitcoin Believer™, unaware of the very real issues leading many a commentator to conclude that Bitcoin will never achieve critical mass 8/10/2011 10:36:31 AM"

These early posts are hilarious

11/27/2017 11:56:37 PM

10k happening today

11/28/2017 8:07:16 AM

i am a complete n00bie

is this legit

https://www.thebitgoldmine.org

if yes, is it something worth it/good for a beginner/you would do/already do?

11/28/2017 11:42:06 PM

You are asking if giving a random website on the internet money with the promise that they will give you a cash flow of money in return, with absolutely no signed contract an where in sight, is legit. This very same website is talking about "affiliate bonuses," for fuck's sake.

What is their business model that will generate your returns? Mining. Where is your proof that they are actually mining? Exactly...

It's a pyramid scheme, dude. Stay the fuck away

11/29/2017 12:03:59 AM

For fucks sake Opie.

You/I missed the BTC boat. Look elsewhere.

[Edited on November 29, 2017 at 12:13 AM. Reason : or start your own business where you ask people for money and promise more in return]

11/29/2017 12:08:16 AM

Try and spread the buys across time so the dips don't kill you. Take 30% of whatever you invest in each paycheck and buy until you get 2 - 5% of your net worth. Then adjust the amount per month or sell the gains to readjust--if it becomes 10% then sell some to get it back down to 5% or leave it if your comfortable.

When it goes up to $100k you can look back at this thread and laugh when ever you're feeling blue.

11/29/2017 8:17:50 AM

Price is going crazy this AM

11/29/2017 9:12:34 AM

And just like that at 2:40pm today it dropped all the way back down to $8,900.

I've been looking into buying some Litecoin which is right below $90 right now, anyone else researched it?

11/29/2017 7:06:40 PM

I think it's a matter of putting a little bit into each of the main currencies. They are all gaining at about the same rate, so just spread it across. Whichever one wins, wins, and as long as you aren't putting in me than you can afford to lose, you'll be fine

11/29/2017 7:56:10 PM

^^ Litecoin is one the first Bitcoin forks. It is superior to Bitcoin in every way. It just hasn't been able to build its brand yet.

11/30/2017 2:00:51 PM

is it still worth getting into mining for n00bs?

11/30/2017 6:01:52 PM

https://www.brentroad.com/message_topic.aspx?topic=649478

11/30/2017 7:23:11 PM

^^ for ETH and LTC, yes. BTC? No

11/30/2017 9:49:20 PM

Why not! get in!

12/4/2017 3:31:10 PM

thoughts on XLM? I got some freebies back in 2014 that I pretty much ignored and forgot about, but it seems to on an upward trajectory recently.

[Edited on December 5, 2017 at 8:18 PM. Reason : it averaged around .002 last couple years. hit 0.124942 yesterday. 6000% increase since March]

12/5/2017 8:12:44 PM

up to .16 this morning even.

12/6/2017 12:33:20 PM

iota is going through the roof! Also, I did more investigation. Bitconnect seems legit. I'm making $100 a week in dividends on a $1,000 investment.

[Edited on December 6, 2017 at 2:01 PM. Reason : .]

12/6/2017 1:52:48 PM

which non-bitcoin is the best?

12/6/2017 6:35:52 PM

^ ETH

12/6/2017 7:40:48 PM

Quote :

"^^ for ETH and LTC, yes. BTC? No "

You'd be up 50% if you ignored this advice

12/6/2017 8:16:23 PM

Getting close to 15k.

12/6/2017 9:01:51 PM

Husband just sold 1/2 a bitcoin for $7k

12/6/2017 9:39:17 PM

Cool now he can get a nice dinner.

12/6/2017 10:39:16 PM

Nicehash was hacked today...

62+million in locally stored BTC stolen.

12/6/2017 11:25:59 PM

^^^ Tell him HODL is the name of the game

[Edited on December 7, 2017 at 7:17 AM. Reason : ^]

12/7/2017 7:17:16 AM

Going to hit $16,000 today. If you would have invested on Dec 1, you would have made 60% return in less than 7 days!

12/7/2017 9:06:31 AM

Doesnt this volatility destroy the credibility and usefulness of the currency? What business would be willing to accept bitcoin when they cant prepare for the fluctuations that are occuring?

12/7/2017 9:12:00 AM

Yes it does.

It's also got a still unsolved in practice scalability problem.

Neither of those things mean:

1) You won't make unheard of returns if you buy it.
2) Those things won't be solved.
3) Or, Wall Street dumps billions in the form of hedge fund money which can now use the options on futures to hedge the risk of the volatility.

By comparison, the market cap of the .com bubble was 3 trillion, we are still well under a trillion.

12/7/2017 10:52:43 AM

steam is no longer accepting btc because of the volatility

12/7/2017 11:29:22 AM

Quote :

"You won't make unheard of returns if you buy it."

You can also make unheard of losses also, right?

12/7/2017 1:21:41 PM

not if it the bubble never bursts!

12/7/2017 1:26:33 PM

Quote :

"You can also make unheard of losses also, right? "

Yes, but loses are capped unlike with shorts. It could theoretically go to zero, but the upside is unbounded. IE, if you buy .1 BTC for $1900 you can lose $1900 or gain $100K. I stated this in 2012, but I guess the point is hard to grasp. Some, not all, money should always be in those asymmetric bets.

Quote :

" 1. “Optionality is the property of asymmetric upside (preferably unlimited) with correspondingly limited downside (preferably tiny).” Venture capital, when practiced properly by a top tier firm, is a classic example of a business that benefits from optionality. All you can lose financially in venture capital is what you invest and your upside can be more than 1000X of what you invested. "

12/7/2017 2:02:56 PM

So if vendors dont accept this "currency" then what's the purpose other than as a "physical" asset who's price is solely based on demand? In other words, a bitcoin becomes like a painting that's only value is based on how much someone wants to pay for it. If no one wants to buy it then its value is nothing.

And if that's the case, what would prevent the bitcoin value crashing to $0 once the excitement wears off?

[Edited on December 7, 2017 at 2:24 PM. Reason : a]

12/7/2017 2:23:22 PM

The reverse is also true if you read this thread from the beginning.

What happens if a BTC goes up to $1 million a piece and all your friends are buying planes and yachts and you're still sitting in scrum meetings.

If you were in from the beginning you could have diversified and fuck all will impact your life style if it goes to zero. If you know of any other opportunities that have an end game where you are free to do whatever you want please discuss them.

12/7/2017 2:43:24 PM

I get the reverse can also happen but name a product/asset that has unlimited demand over multiple years? Maybe the Mona Lisa painting? But there are many millions of bitcoins so you cant control any other bitcoin owner from selling at lower and lower rates if they panic.

12/7/2017 2:54:01 PM

redacted

[Edited on December 7, 2017 at 3:35 PM. Reason : a]

12/7/2017 3:34:44 PM

Quote :

"I get the reverse can also happen but name a product/asset that has unlimited demand over multiple years? Maybe the Mona Lisa painting? But there are many millions of bitcoins shares of AMZN stock so you cant control any other bitcoin AMZN stock owner from selling at lower and lower rates if they panic."

12/7/2017 3:35:19 PM