Thread: Cryptocurrency
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      12-12-2017, 11:40 AM   #59
Hawkeye
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Quote:
Originally Posted by xQx View Post
Tesla, Facebook, Mining stocks?

It's a complete gamble, it's impossible to calculate it's intrinsic value and it's rising like 17th century tulips. But it's not backed by nothing.

I invested because I withdraw all but a rounding error from my account five years ago. Now I seem to have real money wrapped up in this bubble.

Can't bring myself to buy more, certainly can't bring myself to sell.
Having almost no investment and having value in it now is different than dropping large amounts of money in now, very different. I put in a bit a while ago, waited for it to double and took out my original investment. Now I am treating it as it is, a gamble. It will either go to a very significant amount and I will cash out or I will lose it all first.

What do you think Bitcoin is backed by?
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