Serious question to folks in this bowl - it seems like majority of people here don't have any investment experience (most of you are accountants/consultants) and yet everyone seems confident that investing in virtual currencies is the best path to early retirement. What is your logic for keep dumping money on any random ICO? Do you think these currencies will just increase in value indefinitely? Do you think it makes sense for a currency to fluctuate in double digits % every day and still be accepted as a legit trading currency? or do you simply enjoy gambling without the hassle of flying out to Vegas? I'm sure some of you made a few bucks by getting into bitcoin early on but curious why supposedly educated people still get duped into these kind of investment. Btw - big fan of blockchain tech but not virtual currencies.

like
Posting as :
works at
You are currently posting as works at

There are a lot of large and respected companies in the Ethereum Alliance (see image above) to include Deloitte, Accenture, MasterCard, etc... and even more supporting blockchain technology as a whole. These companies are a lot smarter than me as an individual. If they are okay investing millions, I feel comfortable gambling with a couple thousand. Worse case, I lose a month or two of salary. No big deal.

like

@Barclays User:
Generally agree with your train of thought. The ones which appear are here to last are BTC (guesstimate of it gaininv minor market share away from the gold market as an alternative store of value leads to a staggering value estimate per bitcoin) and ETH (which is valuable due to the vibrant corporate friendly application layer build on top of it all utilizing the coin as means of exchange in the eco system)
I think the key question for ICO are do you believe in the eco system mass adoption potential and market size, how central/required is the underlying token in that eco system (can it be replaced by other non native coin), how achievable are the projects goals, any better solutions out there..etc

like

Barclays. It's a trade. Nothing more. The tech is shit. The picture above is corporate sponsorships for the underlying company not the coin. It takes 30 minutes to transfer some ether from account to account. I read a ton of crypto news and forums and 99% of it is idiots like the one on this fishbowl who don't understand investing, spew the same words like fud, to the moon 🚀. They think because they "read" a white paper full of promises (I can write one too) that will materials. I'm going to be laughing once everyone is left holding the bag. But for now it offers amazing vol for trading.

like
Post Photo
like

To me it seems like these companies mainly invest in a new platform for potentially highly effective transaction settlements rather than virtual tokens which is what you invest in. Not sure why you think these are related.

like

B1 you wouldn't be asking if you weren't intrigued you pretentious prick. Why don't you plug a few keywords into google and do some research on your own instead of putting others down. I'm sorry you missed out on the 400% increase in value for crypto in 2017 but if we wanted to gamble we wouldn't have to fly to Vegas for 48% odds on doubling our money. Fuck off.

like

Grow up D4.

like

D4 - I'm 100% intrigued which is why I'm asking you guys. I did my google research and concluded that the entire crypto currency asset class (unlike the underlying blockchain tech) is pure garbage. I'm wondering what's the rationale of people here but your foul reaction proves that mostly dumb peasants buy into this crap.

like

@B1 my apologies for the extremely hostile response, I was shitfaced last night and my girlfriend wouldn't have sex with me. You win some you lose some.

like

Follow

Let me ask you back. Did you not buy tokens?

"Into these kind of investments" .... surprised you've seen investments like this before

I'm not investing in crypto for an early retirement - it's just another way to diversify my portfolio. Plus I think the stock market is going to wobble for the foreseeable future until valuations calm down, so I'm pseudo-hedging against the lack of excitement there. I've read a lot on ETH and believe in the tech, so I'm just putting about ~10% of my post-tax paycheck into it for the foreseeable future (and have been doing so for some time). I understand the volatility and risk - but I'd rather lose $10K (assuming ETH becomes worthless) than miss out on $50...or $60...or $100K. You feel me?

👀

What's your rationale behind stock market "wobbling"

^I agree. This feels like the most speculative time in investing since...2007? Haha

Well said DU1

Related Posts

Realtors who work in big cities: have you ever considered working with listings in the Midwest? Or do you prefer the challenge of a ruthless market but that can bring greater benefits?

like

What’s the most fun and interesting analysis you’ve done or been a part of in the last year?

FYI, if anyone is looking for a cool political podcast, Slow Burn (season 1 and 2) is so good! I’ve been binge listening, lol

likesmart

How many ME jobs did you apply to before landing your current position?

Do you typically apply to jobs that you have are missing some of the qualifications for? For example: Is it acceptable to apply for jobs where you have 70% of the qualifications? Where is the % threshold of not getting considered?

like

Who resigning this week?

like

Any jobs in advertisement available in Boston?

like

Hi fishes, can anyone please suggest how to switch from l2 roles. any suggestion would be highly appreciated

like

Anyone get revenge on their ex? I want to hear your stories!!!

likefunny

Hi fishes ,
I am a software developer with 5 years of exp ,i am currently at ctc of around 14 LPA, recently i started looking for jobs and one company has agreed to give 100% hike even though i asked for 70%.
Its a big company one of the largest online marketplace portals
But i am myself thinking am i worth it or not,as no one i know in my technology are getting this much.
I fear of taking the opportunity and then not being able to perform.

like

I am looing for Fullstack developers in Gurgaon with someone who has experience in ReactJS + Java. This opportunity is with a product based MNC.
Skills: React JS + Java
Years of experience: 2.5 to 7 years
Location: Gurgaon

like

Name a dating app just for people in advertising.

like

How's LiteCoin (LTC) looking fish fam? Hws the future? Holding a few for the last 3 years.. shd I get out?

like

Did any of you take the MD to P path, any feedback from your experiences

like

Hi fishes,

Can anyone tell how ServiceNow practice is
Genpact.

Specifically at Consultant level, how is work culture, work, and other opportunities?

Genpact

like

Hello IBMers,
Can there be any consequences of couple of project interview rejections during our first week at IBM.. :(

like

Me: I've been good! I'm keeping my plants nicely and everything is in its place.

Also me: /brings home two more plants

likefunny

Is it too aggressive to reach out to a recruiter at Google on LinkedIn?

like

Hello Fishes,
What are your leave plans?
(Year end is nearing, most of the accounts must have or will move to Code Freeze period and some of the leaves will expire by year end).

1. No leave plans at all.
2. Utilise some part of leave.
3. Utilise all leaves for Vacation.
4. Utilise all leaves for Upskill/Reskill.

likefunny

Pick 1 RB and 1 Flex in full point PPR. Latavius Murray, Sony Michel, Chris Carson, Brandin Cooks

Additional Posts in Everything crypto

Bitcoin boys be like it’s a stable asset and is alternative to central bank money printer currency...meanwhile it goes up 15% in a week and drops 20% the next. Definitely stable with good liquidity and definitely no ponzi tether behind the scenes. One thing you should look at is that in the last month or so tether printed no new tether. Wonder how prices have reacted in the last month or so.

likefunny

Loving Eth right now but stressing me out that I should sell. Someone talk me out of it

like

Purchased some Litecoin earlier today. Watch where it goes over the next 6 months, folks. Strap in.

Ripple XRP - Bloomberg terminal, bank partnerships, Amex, and more - Forbes, Fortune, Business Insider articles - recent jump to $0.74

like

Question on Coinbase transaction- when I buy or sell, does it take the price at that very moment? Any transaction charges?

like

How's LiteCoin (LTC) looking fish fam? Hws the future? Holding a few for the last 3 years.. shd I get out?

like

Anyone transferring out of celsius?

like

Trivia question: What asset is this?

Post Photo
likehelpful

The whole market is on sale fellas. What are y’all buying?

like

Anybody else have ETH transactions still pending from last week?

Anyone here like Zcash or Monero as a long term hold? and for anyone who is keen on holding BTC, why not just invest in either of those alts mentioned above?

like

Thoughts on GTO coin? I just bought 5k yesterday....it's only on binance and they are partners with tron (TRX)

65j38 is the join code for aforementioned bowl dedicated to discussing underlying tech of blockchain protocols, not pricing/speculation

like

How often do you guys take profits systematically and how much? Or do you just take profits at variable times when you think something might tank soon

(1) Sell off or (2) hold

Post Photo
funny

Any thoughts on siacoin? Just gone thru the white paper and planning to buy for a good amount..

like

Who is buying & what coins?? Also any alts worth looking at - looking at long term, 2-5 yrs.. planning to invest ~20k

like

What’s a good free website or method to compare the trend of BTC divided by ETH market cap over time?

like

Did I miss the boat on MANA? What’s everyone’s thoughts?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal