Crypto Currency

[snagged in outlet 3]

Anybody into these?   What about BITO?

[Mitch f]

4 minutes ago, snagged in outlet 3 said:

Anybody into these?   What about BITO?

I’ve got a few

 

[moguy1973]

I bought some BITO the other day and it's still in the red for me.

I also have a few dollars worth of BTC and about $1000 worth of ETH.  Just got my Helium hotspot and waiting for it to sync up so I can start earning some of that.  I was into the GPU mining earlier in the year until it made my office into an oven and decided my expensive GPU wasn't worth ruining.

[snagged in outlet 3]

35 minutes ago, moguy1973 said:

I bought some BITO the other day and it's still in the red for me.

I also have a few dollars worth of BTC and about $1000 worth of ETH.  Just got my Helium hotspot and waiting for it to sync up so I can start earning some of that.  I was into the GPU mining earlier in the year until it made my office into an oven and decided my expensive GPU wasn't worth ruining.

I bought BITO and it's barely in the black.  I'm going to scale in some more too.  I don't know enough about the cryptos themselves so I figure the ETF is the best way for me to go.

[MrGiggles]

I think the well established coins (ETH, BTC) are solid long term investments. All of the same rules from the stock market apply, diversify, DCAing, etc.. 

You could read about crypto for weeks and still not really understand it. Pretty complicated stuff that I haven't even began to understand.

Approach it with your brain (like anything else), don't dump your life savings into DOGE or SHIB or whatever happens to be coin of the week. Those are fine if you're into high risk, high reward plays, not the way to go for steady growth.

[moguy1973]

5 minutes ago, snagged in outlet 3 said:

I bought BITO and it's barely in the black.  I'm going to scale in some more too.  I don't know enough about the cryptos themselves so I figure the ETF is the best way for me to go.

A guy I work with told me about BITO.  It's interesting on how it works and hopefully BTC keeps up it's pace and it does well.  There's another Bitcoin futures ETF called Valkyrie Bitcoin Strategy (BTF) that's a little cheaper and doing about the same as BITO is right now.

[moguy1973]

Just now, MrGiggles said:

I think the well established coins (ETH, BTC) are solid long term investments. All of the same rules from the stock market apply, diversify, DCAing, etc.. 

You could read about crypto for weeks and still not really understand it. Pretty complicated stuff that I haven't even began to understand.

Approach it with your brain (like anything else), don't dump your life savings into DOGE or SHIB or whatever happens to be coin of the week. Those are fine if you're into high risk, high reward plays, not the way to go for steady growth.

I read the story about the guy that put $8k into SHIB around it's inception and 14 months later it's worth $5.7billion for him.  I think I'm doing it wrong.

[MrGiggles]

Just now, moguy1973 said:

I read the story about the guy that put $8k into SHIB around it's inception and 14 months later it's worth $5.7billion for him.  I think I'm doing it wrong.

For every one of those, there are many, many, others that lost their posterior.

[moguy1973]

1 minute ago, MrGiggles said:

For every one of those, there are many, many, others that lost their posterior.

Yep

[snagged in outlet 3]

8 hours ago, moguy1973 said:

A guy I work with told me about BITO.  It's interesting on how it works and hopefully BTC keeps up it's pace and it does well.  There's another Bitcoin futures ETF called Valkyrie Bitcoin Strategy (BTF) that's a little cheaper and doing about the same as BITO is right now.

They should mirror each other since they both track crypto right?