|
Bitcoins & Gang

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
Arrow Icon
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
Arrow Icon

@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
Arrow Icon

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
Arrow Icon

Post Photo
like
Arrow Icon

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
Arrow Icon

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
Arrow Icon

Grow up D4.

like
Arrow Icon

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
Arrow Icon

@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
Arrow Icon

Follow

Arrow Icon

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

Arrow Icon

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

Arrow Icon

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?

Arrow Icon

👀

Arrow Icon

What's your rationale behind stock market "wobbling"

Arrow Icon

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

Arrow Icon

Well said DU1

Arrow Icon

Additional Posts

Holiday week when everyone is celebrating and I’m stressed out, sad, gaining weight and unmotivated to do anything or to see anyone. Not to mention that it’s fairly impossible to find a therapist....

like
Arrow Icon

Just got a promotion to VP within my agency but haven’t heard anything regarding what that means in regards to a raise. What’s standard these days?

like
Arrow Icon

Client email 'i don't have the detail of that number, the answer is in the there somewhere, you're going to have to tick it out... I feel ya, tho'

like
Arrow Icon

Have you played a significant role in a new business win? If so, were you promoted shortly thereafter?

like
Arrow Icon

Where can I find a teddy bear like Vyasar from Indian Matchmaking in real life 🥺

likeuplifting
Arrow Icon

If i am interviewing with a company. Can i say i have another offer with a hard end date to get the ball rolling faster?

like
Arrow Icon

Tips on making a strong lateral move to another firm as a Senior Manager? High performer on high profile work, exceeded metrics, but I’m interested in making a shift. Don’t want to do another Big 4.

like
Arrow Icon

Anyone join really close to the review cutoff (March 2017) and still get a "bonus"/raise?

like
Arrow Icon

Post MBA- would you go MBB or FAANG (including non-faang tech) ?

like
Arrow Icon

Hey MBB people, what firms have you LOST work to besides each other? Did it have anything to do with reasons beyond price?

like
Arrow Icon

How to use my bench time to improve myself?

like
Arrow Icon

Anyone waiting for the 2nd season of indian matchmaking??

like
Arrow Icon

What’s the best way to avoid cabin fever or feeling trapped when you’re working remote?

like
Arrow Icon

What’s the ny holiday party like? Do you get to bring so?

like
Arrow Icon

MBA Club VP’s: what is in your app stack that helps your club run efficiently (Trello, Slack, Asana, etc.)? Free the better!

like
Arrow Icon

Might be a dumb question, but who does the leadership review for EY year end feedback? Is it the partners in your counseling family? Partners you work under?? (Fyi, I am a staff going on 1yr with EY)

like
Arrow Icon

I've had a GREAT sleeper, until now. Just went back to work at 6 months and baby is now waking 5-6 times at night (for the last 2 weeks) 😐. Is it a sleep regression? Growth spurt? Intro to solid foods? Change with me going back to work? So hard to figure out what to do and feeling like work will be very unbearable if this keeps up...anyone else experience this? What resources did you use to pinpoint the problem and fix it?

Arrow Icon

Women 🐠: What are the ways you think your gender impacts your work? How ppl treat you... credibility... etc.

like
Arrow Icon

What math program do you use? Pros and cons?

Arrow Icon

DC folks - any advice to how to switch to amazon when they arrive?

like
Arrow Icon

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’s 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 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

Get realtime notifications and see
what's happening in your industry
from the palm of your hand.

Please enter a valid number