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Bitcoin on the rise! Currently $329 - Time to invest or not?

Discussion in 'BlackHat Lounge' started by jeromespitfire, Oct 30, 2015.

  1. jeromespitfire

    jeromespitfire Power Member

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    Bitcoin has risen from $238 at the beginning of the month to well over $300 in the past few days. Currently at $329.

    What are you guys thoughts on it? Will it continue to rise to where it was late 2013 at the $1000 mark?

    Time to invest or not?
     
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  2. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    If you can afford to lose a large portion in the short time then yes it may be a good time to invest in bitcoin.
     
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  3. oplaopla

    oplaopla Regular Member

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    It was a good time to invest when bitcoin was at <$50 as you can actually say there was reason to see potential in it etc. However, now it's just pure speculation.
     
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  4. virtualbyron

    virtualbyron Jr. VIP Jr. VIP

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    I think it's more safe to play poker, if you want a solid investment I suggest you to buy gold
     
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  5. asap1

    asap1 BANNED BANNED

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    Better off buying some nike stock. Its pretty much 100% guaranteed to grow.

    Same with google.
     
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  6. Capo Dei Capi

    Capo Dei Capi BANNED BANNED

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    Disney is probably also good, they are reviving star wars franchise and possibly Indiana Jones franchise soon.
     
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  7. nnahlee

    nnahlee BANNED BANNED

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    bitcoin is too unstable can be gamble.
     
  8. Hawkster

    Hawkster Jr. VIP Jr. VIP

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    Depends on your own gut instinct.

    Personally i wouldn't bother - but i am a somewhat over cautious person at times
     
  9. Sherbert Hoover

    Sherbert Hoover Jr. Executive VIP Jr. VIP

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    Check the sig. Working surprisingly well.
     
  10. Tove

    Tove Jr. VIP Jr. VIP

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    I had $230 in btc when it was at $230 so I now have $330 and sold $100 for PP and pure profit :)
    But yeah it's really unpredictable, I think it will came back at $250-$270
     
  11. onelettershor

    onelettershor Supreme Member

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    never understood much about bTC, but is blockchain or coinbase better?
     
  12. virtualpurity

    virtualpurity Jr. VIP Jr. VIP

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    I love how almost everyone on this thread are saying how it is better to invest your money in everything else rather than BTC.

    Of course its a gamble, which stock trade is not a gamble ??

    The difference is that BTC goes up and down more frequently and if you know how to play the market you can get decent profit almost daily, not to mention on rises like this one.

    OP if you feel like jumping in go ahead.. Just dont get to greedy and know when to pull off. Its a whales game after all.
     
  13. jazzc

    jazzc Moderator Staff Member Moderator Jr. VIP

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    Your question is like asking "is a car engine or a Toyota better"? :eek:

    Blockchain is the technology behind BTC - Coinbase is a site that trades BTC.
     
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  14. Tove

    Tove Jr. VIP Jr. VIP

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    Actually coinbase has e-wallet just like blockchain, and I personally use coinbase for my bitcoin wallet :)
     
  15. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    Drop back 325$
    Pretty hard to reach 1k like before.
    Unless China legalize btc
     
  16. BionicMarketing

    BionicMarketing Junior Member

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    It depends on the amount you want to invest because bitcoin is an unstabble market i remember one time it was like 50 dollars and 2 months later it was 280 bucks and the nxt month was like a third of that.. You have a 50/50 chance so risk it if you want
     
  17. PinguSpy

    PinguSpy Jr. VIP Jr. VIP

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    now $311

    unstable as fxxxx
     
  18. GrahamCrackers

    GrahamCrackers BANNED BANNED

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    A lot of local clients have been selling their btc off. For 50-60 dollars under the price.
    They aren't comfortable with the fluctuations. It's a good strategy for anyone who wants to flip coin.
     
  19. avilux

    avilux Power Member

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    The only value I see in bitcoins/altcoins is high-risk day trading and pumping coins. There was a lot of money to be earned from that, however the rules clearly changed now from a year ago when I was active. Well, apart from that it's always nice to have some when you want to purchase products on the darknet markets, but I wouldn't keep BTC around for any other reason at the moment. Long term it's just not worth it. You could make a lot more money investing in something else.
     
  20. hateandbreak

    hateandbreak BANNED BANNED

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    brb creating viral article to drive bitcoin price sky high