Want to invest $50k in cryptocurrency

Expedia / Eng
flossed

Expedia Eng

PRE
Amazon, Expedia, Microsoft, Pandora
flossedmore
Oct 19, 2017 311 Comments

Any thoughts/ideas/concerns?

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TOP 311 Comments
  • Microsoft **nutella*
    Don't do that
    Oct 19, 2017 19
    • Intuit kzinti
      Satoshi is an AI. Don’t let them out of their box.
      Oct 20, 2017
    • Apple InfLooper
      Most dormant bitcoins will be lost forever and that just makes the supply even less so the price goes even higher.
      Oct 20, 2017
    • Microsoft / Eng dopplegang
      You're a fake Nutella. The real Nutella would ensure balanced asterisks.
      Oct 21, 2017
    • Microsoft / Eng /throwaway
      What makes you think they will be lost forever?
      Oct 21, 2017
    • IBM Quandum
      Most people suspect Satoshi is dead
      Oct 22, 2017
  • Microsoft hrtN12
    Go to vegas, bet on red 21. same chances and it will be over quicker.
    Oct 19, 2017 19
    • Microsoft / Design
      LiuX52

      Microsoft Design

      PRE
      Google
      LiuX52more
      Bitcoin is useful as a store of value. It's scarcity is mathematically guaranteed and scarcity drives value.
      Oct 21, 2017
    • Microsoft Way fair
      @liuX52 Scarcity of bitcoin is guaranteed. But that doesn't mean we can't have another crypto currency. So, what makes bitcoin special.
      Oct 21, 2017
    • Microsoft vector3
      @way fair, the same way the USD is special relative to Venezuelan pesos.
      Oct 25, 2017
    • Microsoft Way fair
      Value of the USD vs pesos is set in a free market i.e. forex. Do we have such a market for cryptos? May be exists. Idk. Do u know?
      Oct 25, 2017
    • Microsoft vector3
      Yes there are exchange rates between BTC and ETH for example. Pretty much all the new crypto is market pegged against BTC and published by the exchanges.
      Oct 25, 2017
  • Tesla / Eng
    Talicor

    Tesla Eng

    BIO
    Interested in connecting with professionals involved in AI deep learning, home product placement, automation, robotics, micro energy, micro farming, etc.
    Talicormore
    All it takes is a major company like Amazon to accept it and it will take off. Visa already has a Bitcoin card. However, if you think ANY govt will be ok with an untraceable, untaxable transaction in the future (which is the plan for cryptos), then you're kidding yourself.
    Oct 19, 2017 13
    • Microsoft / Eng dopplegang
      A government reacting to recent technological changes in mere years? Dear God...
      Oct 21, 2017
    • Microsoft wxyz99
      Overstock.com takes Bitcoin. So does Expedia. Also NewEgg.
      Oct 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      Stop the presses!

      3 big retailers are taking bitcoin.

      Of course this has relevance only in a country with 5 total retailers

      How many retailers does the US have? 4? 6?
      Oct 21, 2017
    • Gen!x / Eng
      XPbr65

      Gen!x Eng

      PRE
      Bank of America Merrill Lynch, HPE, Northrop Grumman
      BIO
      mehy
      XPbr65more
      To be less snarky about this:

      Because Mathieuw, Marc and Luc accept hand jobs for sandwiches, does not mean that hand jobs will become a valid (universal) form of legal tender.
      Oct 21, 2017
    • IXIA / Other
      NoFcksGivn

      IXIA Other

      PRE
      Keysight Technologies
      BIO
      20+ years in technology, IT Director, publicly traded, engineering/manufacturing/software development, Office 365
      NoFcksGivnmore
      Not legal tender, but definitely sweat equity! 😂
      Oct 21, 2017
  • Best Buy / Ops Oiod
    If you are OK with losing $50k tomorrow, then sure. It's unlikely, but possible for crypto to go to 0 tomorrow. Don't invest more than you are willing to lose.

    If you do invest, maybe separate the 50k across the top ten coins. An index fund of sorts. Do NOT leave your coins on an exchange - store them locally, encrypted, preferably cold storage or paper wallets (and back that shit up) . If you don't know how to do that, you're not ready to throw 50k at it.

    Create a strategy so you don't lose money to emotions. Set stop losses if you want to play the short term. Hodl if you want to play the long term. Don't day trade with all your cash.
    Oct 19, 2017 13
    • Facebook n00mgr
      Your wallet can be generated by a string of words... a seed. You can put it on a post it or commit it to memory. I wouldn’t leave thousands of dollars in a networked computer. If you want to store them online... split it over multiple exchanges.
      Oct 20, 2017
    • Best Buy / Ops Moistedl
      Fire and theft is irrelevant. I always have a copy somewhere remote. And n00mgr, strings of words aka brain wallets are known to be unsafe. Don't rely on your memory to store thousands anyway. Don't store them on multiple exchanges unless you're actively trading it.
      Oct 20, 2017
    • Facebook public
      So you are trying to create your own uninsured cloud haha. Amazing.
      Oct 20, 2017
    • Amazon blind420
      Pen and paper in a weatherproof vault?
      Oct 20, 2017
    • Airbnb Ru5d56
      Oiod says use cold storage and also have stop loss orders, can you do both at the same time?
      Oct 21, 2017
  • Cisco yUYw72
    Do it in 2012.
    Oct 19, 2017 0
  • Salesforce / Eng
    crapshot

    Salesforce Eng

    BIO
    Rainmaker
    crapshotmore
    Reminder to the bitcoin haters the US dollar is not backed by gold. It’s backed by The electoral college president. It ain’t any safer really.
    Oct 19, 2017 7
    • Unity mexH82
      It's backed by nuclear weapons.
      Oct 20, 2017
    • Amazon BlueAvian
      ^ "Our coins are backed with nuclear weapons!" -Gandhi
      Oct 20, 2017
    • Amazon hUlak
      Holding all my savings in US dollars is no safer than holding them all in BitCoin? Are you mad?
      Oct 21, 2017
    • Salesforce FvzL66
      US dollars in the bank are covered by FDIC you loons
      Oct 21, 2017
    • eBay / Product
      Gj&7Sm

      eBay Product

      PRE
      Microsoft
      Gj&7Smmore
      @FvzL66 we are talking about it's value/worth, what will FDIC do if the dollar crashes and now you need $500 to buy bread?
      Oct 22, 2017
  • LinkedIn gDCN28
    My suggestion BTC(30%) ETH (40%) NEO(30%)
    Oct 19, 2017 4
    • LinkedIn gDCN28
      And plan for holding at least a year.
      Oct 19, 2017
    • Microsoft Woiduchdh
      5 years. Don’t do 1
      Oct 20, 2017
    • LinkedIn gDCN28
      Even better
      Oct 20, 2017
    • New chel
      Woohoo that’s what I did/am planning to hold for. 🤗 (total newb myself but have been doing a ton of research, loving all of the input)
      Oct 20, 2017
  • Wish R8bkw
    Look at GDAX. Place limit orders to avoid fees.

    Buy a Ledger or Trezor. Store recovery information offline in two safe places, at least one of which is far enough away not to be affected by any natural disaster that hits you (e.g., a safety deposit box in a town where your family lives).

    Consider dollar cost averaging. It doesn't work well for stock markets, but they're a lot less volatile. More importantly it will make you feel better.

    Take $100 in cash. Light it on fire. Watch it burn. Remember that feeling. On a regular basis, there will be 10% dips in the value. Some weeks will be 25%. Eventually there will be a 90% crash. It will feel like you just lost $45k+. That is when you absolutely, positively must hold – just like you have to resist the urge to put out the fire. (Otherwise someone like me will buy your coins from you for pennies on the dollar.)
    Oct 20, 2017 0
  • Facebook liSf43
    You would have to be border line tard to do that
    Oct 19, 2017 5
    • Best Buy / Ops Oiod
      Really? If you invested in bitcoin at any time from 2010-sept 2017 you would have a positive net worth. What do you recommend to invest in?
      Oct 19, 2017
    • Expedia / Eng
      flossed

      Expedia Eng

      PRE
      Amazon, Expedia, Microsoft, Pandora
      flossedmore
      OP
      lol don't even bother w this guy. Btc has given 50k% return and some of these folks who missed the boat are kind of sour
      Oct 19, 2017
    • Facebook liSf43
      Don't even bother with flossed, he 'works' for EXPEDIA 🙊
      Oct 19, 2017
    • New chel
      Thing is, did they even miss the boat? With the projected path of growth, new investors still have a ton of potential....

      Also, it’s spelled borderline, and “tard” is quite the unnecessary and insensitive insult.

      Not to be a dick......Just maybe check your spelling before insulting someone’s intelligence next time. 🤷🏻‍♀️
      Oct 20, 2017
    • Oracle ohLk67
      ^
      Oct 20, 2017
  • Zonar / Eng
    Mybewnanr

    Zonar Eng

    PRE
    Amazon
    Mybewnanrmore
    Yeah...don't call it investing...call it what it is. Gambling
    Oct 20, 2017 1
    • Upgrade / Other NewBird
      Yep. Well said boyfriend
      Oct 20, 2017
  • Google / Eng
    djeldl*#

    Google Eng

    PRE
    Uber, Microsoft
    djeldl*#more
    Hello, I would like to sell you some oceanfront property in Montana. Please PM me for details.
    Oct 20, 2017 0
  • Uber / Eng
    VshV06

    Uber Eng

    PRE
    Google
    VshV06more
    The basic premise of investing is that you are paying for a portion of a future money steam. When you buy a crypto tulip there is no revenue stream, only other suckers that want to your tulip. Suddenly the line of suckers could disappear and you'll be left holding the crypto useless bits. If you want to invest in the technology, invest/claim a share of the companies making the technology that you think is valuable
    Oct 19, 2017 5
    • Snapchat pokibowl
      Lol guess what people said when the switchover from gold to dollar bills took place...
      Oct 20, 2017
    • Wells Fargo kovfe
      This stuff cracks me up. Societies need to reach a consensus on a currency being valuable before it's valuable. Bitcoin will never replace the dollar in its current form, because the US Government will never back an untraceable currency. It's a novelty. The banks will take the distributed ledger portion of it and bitcoin will fade into obscurity.
      Oct 20, 2017
    • Twitter / Eng mushin
      Guess what else is untraceable? Dollars. Sit down dude, Bitcoin isn’t even “untraceable” so you just sound silly to anyone who is actually informed.
      Oct 22, 2017
    • Wells Fargo kovfe
      Cool, buy a safe!
      Oct 22, 2017
  • Amazon segfault5
    I'm 20k in on btc. Fuck the altcoins. AMA
    Oct 20, 2017 3
    • Neustar Select
      Yep
      Oct 21, 2017
    • Neustar Select
      Lotta dumbasses out here trying to ride alt coins bc the "Price is low" lol
      Oct 21, 2017
    • Gap XRYW57
      Altcoins are great to flip to up your BTC and ETH stacks.
      Oct 21, 2017
  • New MqMW26
    These ideas are all very interesting, but would you look for medical advice on the internet? Highly recommend speaking with a reputable fee only financial advisor.

    What portion of your total portfolio does this $50,000 represent? Is this your entire nest egg? Or is it more like 1% of your holdings? Definitely don't want to put all your eggs in one basket. Your risk tolerance should be gauged against your investment Horizon, goals, Etc. All basic stuff that you might get out of any beginners book on investing.
    Oct 21, 2017 2
    • Neustar Select
      Highly unlikely a financial advisor will be knowledgeable enough on tech to understand the implications of blockchain
      Oct 21, 2017
    • Neustar Select
      Engineers that educate themselves on investing basics might be better equipped to make an informed decision in this case

      It's mostly a tech speculation. The economic and financial paradigms are secondary
      Oct 21, 2017
  • Salesforce / Eng
    crapshot

    Salesforce Eng

    BIO
    Rainmaker
    crapshotmore
    Should I add that a “Tulip” is when you can find it in abundance like the 1.58 Trillion US dollars as of sept 2017? In 2013 there were only 1.2 trillion. The printer was quite busy I assure you. How many bitcoins are there ? 21 million only.
    Oct 19, 2017 1
    • Apple InfLooper
      Well stated sir! You nailed it
      Nov 5, 2017
  • Macy's / Product 1q1bz
    1. Make sure you know the difference between Bitcoin and blockchain.

    2. Know that cryptocurrencies are highly speculative and will fail at some point.

    3. If you have $50k to throw around you should be an accredited investor. If that is the case you should angel invest in blockchain startups, not just the coins themselves.

    4. If you can't meet the accredited investor threshold, you have no business betting $50k on anything. Put it in a robo advisors and play it safe.
    Oct 20, 2017 0
  • Neustar Select
    I did something similar in may and have since doubled my money. The replies in here (from engineers, at that) tell me that there is still a lot of room for increase. As the price and adoption rises, more people will be forced to take a hard look at blockchain and bitcoin. When they do, they will inevitably come to the same realizations that many of us already have already had.

    This (crypto) is unprecedented. It will take time for everyone to really give this thing a chance
    Oct 19, 2017 0
  • VMware trollbully
    "Invest" it if you can afford it.

    Btw can you explain why cryptocurrency is valuable ?
    Oct 22, 2017 22
    • Fitbit / Eng ♋house
      Trollbully clearly doesn't understand bitcoin in the least. Same lady why was saying is would never hit 100, 1000, etc. It has value for remittance value and cannot be stolen by governments.
      Oct 28, 2017
    • VMware trollbully
      Sure it can be stolen. The jack booted thug beats it out you.
      Oct 28, 2017
    • Fitbit / Eng ♋house
      You wear too many tin foil hats kid
      Oct 30, 2017
    • Microsoft Phoenix1
      @trollbully
      "USDs are valuable because they represent real value in largest economy on the planet and they are issued by government with most powerful military in history. And that same government accepts them for legal tender."

      American with blinders on.
      Nov 7, 2017
    • New chel
      Maybe I’m wrong but i believe i just saw a Visa “bitcard” the other day....
      Nov 28, 2017
  • Microsoft MeHoonDon
    If you are mentally prepared to lose half and be ok with it then do it op. Dont listen to these people. They themselves dont have the apetite to take risk nor they want anyone to get lucky.
    I bought eth and btc last year for roughly $3k. Last month i sold all and now I am paying 20% towards downpayment of my single family home and its been just 1 year out of colg for me. Do not listen to random people. If u have the risk apetite go for it. Worst case you will lose 25k. These will never come back to zero for sure. Atleast btc, eth wont be zero anytime soon.
    Oct 20, 2017 2
    • How do taxes work? Do you just pay capital gains?
      Oct 20, 2017
    • Google QkDx42
      I'm not sure the dust has totally settled on that yet, but it's been capital gains taxes so far.
      Oct 20, 2017
  • Microsoft Bludgeon
    Btc is gonna go to 10K in the next month. I’m not just saying that because I hold a lot of btc and want it to go up more by convincing more people to buy in.
    Oct 20, 2017 1
    • Best Buy / Ops Moistedl
      Too bad the daily volume of bitcoin traded is over $2B. Even if everyone this thread bought $1MM worth it would barely swing the price.
      Oct 20, 2017

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