bitcoin
Moderator: Referees
bitcoin
Anyone into bitcoins?
It's not too late.
The price is rocketing up.
Even a single bitcoin (currently about $5K Canadian) could become serious value in a few years. And you can buy partial bitcoins if you can't afford an entire one.
Just wanted to let my fellow Canuck fans know.
Questions? I'll try to answer if I can.
It's not too late.
The price is rocketing up.
Even a single bitcoin (currently about $5K Canadian) could become serious value in a few years. And you can buy partial bitcoins if you can't afford an entire one.
Just wanted to let my fellow Canuck fans know.
Questions? I'll try to answer if I can.
Re: bitcoin
Bitcoin is rising again and should be $6K (CDN) in a few days. Some say it's going up to $10K (CDN) in the next month or two. It was $3K (CDN) at the start of summer. I sat on the fence about it for years, but no more. Jumping in at last. Going to the moon.
But I realize it's very difficult to get people into Bitcoin.
But I realize it's very difficult to get people into Bitcoin.
Re: bitcoin
It is still legally reportable income to CRA.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
Re: bitcoin
Yes. I believe that when you convert it back into fiat you pay your share of income tax.Topper wrote:It is still legally reportable income to CRA.
Re: bitcoin
Bitcoin is approaching $14K CAD per coin today.
Re: bitcoin
man those who invested even a few years ago are pretty lucky...two co-workers about 7 years ago got into it but kept it to themselves, they cashed in a couple years ago & bought a house in Bowen Island.
Can the Canucks just win a Cup within the next 5 years.
Re: bitcoin
....and I've worked with folks who made millions on BreEx......know when to run.SKYO wrote:man those who invested even a few years ago are pretty lucky...two co-workers about 7 years ago got into it but kept it to themselves, they cashed in a couple years ago & bought a house in Bowen Island.
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
Re: bitcoin
It's not too late to get into bitcoin for those of you who are sitting on the fence. Apparently there are meteoric rises still to come. You can buy and hold your BTC (bitcoin), and/or purchase a mining contract and effectively get more btc for your hard earned money long term.
If you're a smart person you're probably over-thinking it. Thankfully I'm not too bright and jumped onboard this summer.
You don't have to understand how it works : Just get some! Most people won't and would rather play the lottery.If you don't learn how to make money while you sleep then you will work until you die.
If you're a smart person you're probably over-thinking it. Thankfully I'm not too bright and jumped onboard this summer.
Re: bitcoin
Reads like a pump and dump
Over the Internet, you can pretend to be anyone or anything.
I'm amazed that so many people choose to be complete twats.
I'm amazed that so many people choose to be complete twats.
Re: bitcoin
Not everything is a fraud.Topper wrote:Reads like a pump and dump
Re: bitcoin
One bitcoin now $18,000 CAD.
I'm thinking more like hold and score.Topper wrote:Reads like a pump and dump
- 5thhorseman
- MVP
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Re: bitcoin
Holy fuck, is this thread still alive? It's on griz-life-support if anything!
Thanks for the recommendation! I owe you one! Now, please tell me if NFLX is going any higher.griz wrote:Thankfully I'm not too bright and jumped onboard this summer.
Re: bitcoin
nah 5th, this bitcoin shit is going up and up, but it has to reach it's max soon amiright?
Can the Canucks just win a Cup within the next 5 years.
- 5thhorseman
- MVP
- Posts: 943
- Joined: Thu Jan 07, 2010 11:04 am
Re: bitcoin
What you should be asking is whether you understand it. And if you don't, then you're gambling rather than investing. How much money can you afford to gamble?SKYO wrote:nah 5th, this bitcoin shit is going up and up, but it has to reach it's max soon amiright?
Re: bitcoin
Lol5thhorseman wrote:Holy fuck, is this thread still alive? It's on griz-life-support if anything!
Honestly, just starting to learn trading bitcoin. Never did stocks. Dabbled in forex years ago.5thhorseman wrote:Thanks for the recommendation! I owe you one! Now, please tell me if NFLX is going any higher.
Did you get some bitcoin?
Traditional wisdom. And it still applies but good luck "understanding" cryptocurrency deeply. Very volatile too. Much like gambling as you say. Never invest more than you can afford to loose, never put all your eggs into one basket, do your own research.5thhorseman wrote:What you should be asking is whether you understand it. And if you don't, then you're gambling rather than investing. How much money can you afford to gamble?SKYO wrote:nah 5th, this bitcoin shit is going up and up, but it has to reach it's max soon amiright?
Bitcoin was $1K about a year ago and it just passed $20K. Some say we can expect this to continue for a couple of years. John Mcaffee claims it'll reach huge levels by 2020. Same kind of revolutionary opportunity that comes along once in a while like the dot com boom.