Are you guys buying Bitcoin?

Claude J. #27154
Claude J. #27154 Posts: 146 ✭✭
edited September 25 in Break Room

Since we can't really trust our ''beloved'' Wall Streets professional, are you guys buying BTC? After reading the white paper I bought some and I am DCAing.

Comments

  • CJ Ref Code B43SA
    CJ Ref Code B43SA Posts: 316 ✭✭

    It'll always be around - I don't know if now or another time is better, but I don't think it hurts to stack those sats :D

  • Sensei007
    Sensei007 Posts: 42 ✭✭

    I don't because I think I find it too risky, it doesn't fit my investors profil

  • SquikyBird
    SquikyBird Posts: 1,613 ✭✭

    Nope thanks

  • EtienneB
    EtienneB Posts: 217 ✭✭

    yes, absolutely

    there is no central bank or government authority that controls the currency.

  • Pete
    Pete Posts: 214 ✭✭

    I don't because I think I find it risky

  • Vasiok
    Vasiok Posts: 1,345 ✭✭

    Nope, not at all !

  • Fei
    Fei Posts: 18 ✭✭

    I initially wanted to buy some crypto like a few different ones not just bitcoin as a means of diversification because a few years ago crypto seemed to have less correlation with stocks and bonds. I planned on buying 1% of my overall portfolio into crypto. But recently I've noticed that crypto has become more and more in sync with stocks. As interest rates have increased and stocks have come down so too has crypto. These 2 asset classes have become more and more in sync rising and dropping almost in lockstep. So I put off buying any crypto because I no longer view it as beneficial in terms of diversification. Also, crypto doesn't pay any dividends and doesn't give me ownership into a means of production of a product or service. With the initial benefit of additional diversification almost completely gone, for me crypto is now virtually worthless.

  • Pete
    Pete Posts: 214 ✭✭

    I prefer GIC

  • aslamkhan
    aslamkhan Posts: 1 ✭✭
    edited January 2023

    Thanks for starting this conversation about buying Bitcoin. It's always a good idea to do your own research and not solely rely on Wall Street professionals. I'm glad you read the white paper and decided to invest in BTC and doing dollar cost averaging (DCA). By the way, have you ever considered trading Forex? It can be a great way to diversify your investments and potentially earn some extra income. I came across this article that might be helpful for you to know the best times to trade Forex. It's worth taking a look and see if it's something you're interested in.

  • Vasiok
    Vasiok Posts: 1,345 ✭✭
    https://forum.fizz.ca/en/discussion/comment/6670974#Comment_6670974

    That's an excellent explanation!

  • Michael P. 8945
    Michael P. 8945 Posts: 37 ✭✭

    Too risky for me .. as much as i was curious to try

  • Sébastien code ZXEL1
    Sébastien code ZXEL1 Posts: 7,590 ✭✭

    just in the stock market an area that I know very well

  • Derr
    Derr Posts: 6,249 ✭✭

    Not for me, thanks

  • Vasiok
    Vasiok Posts: 1,345 ✭✭

    Now seems to be a good time to buy Bitcoin 🙂

  • Derr
    Derr Posts: 6,249 ✭✭

    Good luck with that!

  • Vasiok
    Vasiok Posts: 1,345 ✭✭
    https://forum.fizz.ca/en/discussion/comment/6678821#Comment_6678821

    Nope, I'm not a fan of crypto

  • Derr
    Derr Posts: 6,249 ✭✭

    happy to hear that

  • Faelirya
    Faelirya Posts: 425 ✭✭

    Not planning to. I"m not really into that

  • FizzyFizz JQMPM
    FizzyFizz JQMPM Posts: 6,725 ✭✭

    I'm too ignorant on the subject to take any risk

This discussion has been closed.

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