Just bought Bitcoin - DPChallenge Forums

Nikon AF-S Nikkor 28-300mm f3.5-5.6G ED VR

02/01/2018 09:40:10 AM · #3

Originally posted by Neil:

I always thought my Nikon lenses were a good investment.

Anything that has a retail price is generally a bad investment. You have to wait too long for it to drop to the bottom of its depreciation curve to overcome the distributor/wholesale/retail differential and increase in value. Plus.....if whatever you bought is updated or improved to a point where your item is no longer the best of what it is, then it's just used.

The only exception to that is the occasional one-off item, and/or extremely desirable low production items that are never produced in enough quantity to satisfy demand.

With cars that translates into ones like Ferraris, limited production homologation issues, and certain models limited in production specifically for that reason, i.e. anniversary editions and the like. Some people got smart/lucky and were savvy enough to purchase cars like monster engine muscle cars during the oil embargo and through vision such as buying Datsun 2000 roadsters and muscle car convertibles convertibles.

Even with real estate investment, there's no silver bullet..... Prime beachfront can get wiped out in a hurricane, prime land scorched in wildfires, and even a shift in the area's demographics.

The best way to invest money is into something that you derive personal plkeasure from so that even if your item doesn't increase in value you get the smile-per-dollar factor.

That'd be my wacko concept of investment..... YMMV.

02/01/2018 08:56:05 AM · #4

Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:
my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

Looks like you need a new crystal ball! Then again, did it tell you what year?

But I bought it from a very trustable Nigerian business man....

02/01/2018 07:05:03 AM · #5

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

Looks like you need a new crystal ball! Then again, did it tell you what year?

12/24/2017 06:42:33 PM · #6

Originally posted by GeorgesBogaert:

Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:
my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

I would like to sell you the Brooklyn bridge. Just let me have your bank account number and I will withdraw the money so you don�t have to do a thing my friend!

I have this information from a highly trustable crystal ball.

We will check back in in February. I suspect the vision was actually a crack in the crystal ball! Happy Holiday:)

Message edited by author 2017-12-24 18:47:34.

12/24/2017 01:15:27 AM · #7

Originally posted by GolferDDS:

Originally posted by GeorgesBogaert:
my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

I would like to sell you the Brooklyn bridge. Just let me have your bank account number and I will withdraw the money so you don�t have to do a thing my friend!

I have this information from a highly trustable crystal ball.

12/23/2017 04:47:53 PM · #8

Originally posted by GeneralE:

Originally posted by GolferDDS:
Bitcoin is like buying penny stocks but worse. There is absolutely no regulation. It was originally created to allow criminals to launder money and make illegal deals anonymously. Now a days it is full of con artists, sheisters, criminal governments, hackers, etc. etc. who are setting you up to take your money. Don�t be fooled by this �Tulip Mania� . Do not be tricked by all the hype.

You forgot the (negative) ecological impact of the huge server farms gobbling up power to "mine" more BitCoins ...

I read that hackers are hacking into the accounts of those who have downloaded the bitcoin ap into their cellphones to follow the price. The hackers are then using these cellphones to illegally mine for more bitcoins!

12/23/2017 04:43:27 PM · #9

Originally posted by GeorgesBogaert:

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

I would like to sell you the Brooklyn bridge. Just let me have your bank account number and I will withdraw the money so you don�t have to do a thing my friend!

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

12/23/2017 02:30:26 PM · #10

my crystal ball had a vision....in February, 1BTC will reach 1,000,000US$. :)

GeneralE

Canon PowerShot S3 IS

12/23/2017 01:20:44 PM · #11

Originally posted by GolferDDS:

Bitcoin is like buying penny stocks but worse. There is absolutely no regulation. It was originally created to allow criminals to launder money and make illegal deals anonymously. Now a days it is full of con artists, sheisters, criminal governments, hackers, etc. etc. who are setting you up to take your money. Don�t be fooled by this �Tulip Mania� . Do not be tricked by all the hype.

You forgot the (negative) ecological impact of the huge server farms gobbling up power to "mine" more BitCoins ...

Nikon AF-S Nikkor 28-300mm f3.5-5.6G ED VR

12/23/2017 01:05:57 PM · #12

wdamman

Apple iPhone Xs

12/23/2017 10:09:01 AM · #13

Bought 15,000 Ripple at $0.248 ($3,717.00) on November 23, 2017. Profit is $12,714.00 right now.
Bought 65,000 Siacoin at $0.025 ($1,575.00) on December 20. 2017. Profit is $275.00 right now.
Hoping Siacoin moves up a bit.
Also own Litecoin, Ethereum and Bitcoin.
You could have bought them all yesterday morning at much lower prices.
All have returned to close to where they were a couple days ago.

mbrutus2009

Nikon AF-S Nikkor 16-35 f/4 ED VR

12/20/2017 11:52:21 PM · #14

Something I�ve made sure of is to not put in more than I expect to get hacked and mark as a loss... If it doesn�t get hacked I�m happy. If it does, oh well. It was fun while it lasted.

jomari

Nikon D7000

Nikon AF-S DX 18-105 f/3.5-5.6 ED VR

12/20/2017 11:12:29 PM · #15

I hope you can keep North Korea out of your wallet.
abc.net.au/news/2017-12-20/north-korea-hachers-raiding-bitcoin-exchanges/9277044

Neil

Fujifilm X-T30

Nikon AF-S NIKKOR 24-70mm f/2.8G ED

12/20/2017 09:50:22 PM · #16

I always thought my Nikon lenses were a good investment. That's why I haven't sold any even though I've been using my Fuji for 2 years.

Unfortunately, Nikon has decreased some prices. My 16-35mm f/4, which was $1199 or so plus tax when I bought it, is now $200 less new.

My 24-70 increased in value, signficantly, but then they put out a new version. The old one is still very good though so I should at least break even when I eventually sell.

If my Fuji X-T1 was a good investment, I'll never know it, since they've now been selling new for about $599 instead of the $1299 or so I paid for mine!

The best investment is to buy a good stock and hold on to it, in my opinion. Pick the one you think has the "monopoly" on the market or just a bitchin product.

mbrutus2009

Nikon AF-S Nikkor 16-35 f/4 ED VR

12/20/2017 09:14:23 AM · #17

This is why I didn't put a lot in there. To me this is more a game. A game to see if I can make a quick buck and get out. Only putting 50 bucks in and not a cent more. It's sort of like going to the casino with a set amount in your wallet...

I've traded from Bitcoin to Litecoin and now on to Ripple.

So far I'm up about 8 total dollars. I almost went to BitcoinCash which jumped significantly yesterday... Kicking myself for not going with my gut but oh well. Maybe Ripple will be the next big jump...? Hopefully. Lol.

GeneralE

Canon PowerShot S3 IS

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

12/19/2017 05:44:12 PM · #18

From Dave Ross:

Another cryptocurrency is going crazy. This one is called Litecoin, which is up about 8,200 percent so far this year. Not even Bitcoin can match that!

And you�re tempted to buy some, aren�t you?

Well, before you can buy a cryptocurrency you need a cryptocurrency wallet to hold your private key, as explained on the Coinbase website.

�A private key is just a very long string of numbers and letters that acts as the password to your Bitcoin wallet.�

You can�t memorize it so you typically store it in a hardware wallet that plugs into your computer. You type in a PIN to wake up the wallet, which then sends the secret code to unlock your money.

But if you lose or forget your PIN, you can�t just go to a bank and prove who you are. Your money�s just gone.

That happened to Mark Frauenfelder, an editor at WIRED magazine, who lost his wallet code. He had $30,000 in Bitcoin in that wallet. To retrieve it he had to hire a hacker who showed him how to physically pry open his hardware wallet and then load in a special program.

He had one chance to get it right, otherwise, $30,000 would just disappear. He was successful.

Of course, losing your PIN isn�t the only pitfall, as one helpful tutorial explains.

�In the event of internal fraud or external hacking, your Bitcoins will likely be irretrievably lost.�

Welcome to the future. Ain�t it great?

Nikon AF-S DX 18-105 f/3.5-5.6 ED VR

12/19/2017 02:46:39 AM · #19

best investment is art, collections, etc...
Never loose value and only goes up.
Short story... there was a guy (Saudi Arabian)who bought the 2 last existing bottles of a particular French wine. He bought it on an auction for an amazing price of 100,000US$ for both bottles.
Just got them and dropped one in front of everyone. Right after he put the last existing bottle for sale for a whooping price of 200,000US$, and sold it.
How to make money fast... :)

jomari

Nikon D7000

12/19/2017 01:22:02 AM · #20

Canon 12x IS USM (S3 IS built-in Lens) -- 36-432mm (35mm EQ)

12/19/2017 12:50:12 AM · #21

Originally posted by GeneralE:

By contrast, for those not into instant gratification, Berkshire-Hathaway A shares:
1965: $11
2017: $300,000

If you factor in inflation than it would equal about $39,000 in 1965 money.

Message edited by author 2017-12-19 00:51:17.

GeneralE

Canon PowerShot S3 IS

12/18/2017 07:30:50 PM · #22

By contrast, for those not into instant gratification, Berkshire-Hathaway A shares:
1965: $11
2017: $300,000

mbrutus2009