Bitcoin

[BrilloPad]

Are we not all winers in a zero sum game?

Is that Korbyn's new election slogan?

[Hobosapien]

Dare I look that up on Urban Dictionary?

It's what they did before someone with the balls of Fred Dibnar dared ladder up an Oxo tower.

https://www.youtube.com/watch?v=3R3-YwDZrzg

They put steps up the pyramids, the soft southerners.

[SlyBlunt]

I made a couple of purchases in XBT Provider's Bitcoin Tracker One (EUR) via Hargeaves Lansdown as part of my SIPP over the last 5 months.
Once I reached 300% gain, I withdrew my initial investments - leaving only house money to play with. If it goes up - great, if it goes down - no real loss.

My recommendation:
Don't invest in something you don't understand. Spend at least a week learning about Cryptocurrencies and Bitcoin. There is a lot to learn. Learn about the how the technology works, avoid listening to 'opinions'.
Once you understand it, get some skin in the game but don't put in more than you are willing to lose. I believe in bitcoin the protocol - it makes logical sense to me, but a lot of the current price is driven by emotion and faith.

[stonehenge]

Pyramiding

Pyramiding is buying more when price moves in your favour.

You start with a small initial investment in BTC. As price goes up you keep buying a bit more BTC.

This is less risky than investing a lump sum in one go, especially with something like BTC which could drop like a stone at any moment.

Pyramiding has similarities with pound cost averaging except you only add to your position while the bull market is intact.

[_V_]

Bitcoin millionaire says...

https://www.cnbc.com/2017/12/11/bitc...y-bitcoin.html

[Hobosapien]

... Don't invest in something you don't understand. ...

I don't even understand how a piggy bank can bring home the bacon.

[lillie421]

I must say, I am rather intrigued by bitcoin and I am thinking of investing in it.. it seems worth it.

[scooterscot]

Pyramiding is buying more when price moves in your favour.

You start with a small initial investment in BTC. As price goes up you keep buying a bit more BTC.

This is less risky than investing a lump sum in one go, especially with something like BTC which could drop like a stone at any moment.

Pyramiding has similarities with pound cost averaging except you only add to your position while the bull market is intact.

I'd argue differently. I've always bought into others fear and sell into their greed. Usually I buy when the price is falling and sell when rising. Over portfolio has risen in value quite some chunk by working this way.

Right weekend begins, off to the pistes...

[stonehenge]

I'd argue differently. I've always bought into others fear and sell into their greed. Usually I buy when the price is falling and sell when rising.

That's fine as long as the bull market is still intact. I'm not sure I'd want to be buying on the way down after the party's ended.

[BrilloPad]

'Wolf of Wall Street' says Bitcoin is a 'huge scam' | Daily Mail Online

Jealous as he did not think of it first.