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re: OT: This Cryptocurrency boom market is fricking nuts

Posted on 1/5/18 at 3:10 pm to
Posted by Numberwang
Bike City, USA
Member since Feb 2012
13163 posts
Posted on 1/5/18 at 3:10 pm to
quote:

I had purchased a bit over 8,000 ripple a few years ago for around $75.


I sold it all off today for a bit over $25,000.



Damn, you timed that nearly perfectly.

Posted by Killean
Port Charlotte, FL
Member since Nov 2010
4669 posts
Posted on 1/5/18 at 5:09 pm to
I left around $4,000 on the table at the peak, but if there's one thing I've learned in years of investing, it's not important to make ALL the profit, it's only important to make a profit.
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 1/5/18 at 8:23 pm to
No doubt some of you guys are more savvy investor types than myself.

What about this? Venezuela is launching a cryptocurrency.

LINK

You guys think the average American like myself could get in trouble for investing in this, considering the economic sanctions there?

Nvm. I think I found my answer.
This post was edited on 1/5/18 at 8:27 pm
Posted by Columbia
Land of the Yuppies
Member since Mar 2016
3132 posts
Posted on 1/7/18 at 1:13 pm to
How do you even go about knowing whether what your buying is legit?
Posted by BoarEd
The Hills
Member since Oct 2015
38862 posts
Posted on 1/7/18 at 1:25 pm to
That was the point of my last post. You gotta be careful doing that stuff. If someone happened to try and buy any of that Venezuelan stuff they could find themselves in jail.

There are other currencies that are boosted by mid East commodities. And a person should be careful there as well. The US is always about one day away from imposing sanctions on Iran, for instance.
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