View single post by Ultimark
 Posted: Mon Nov 27th, 2017 09:47 pm
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Ultimark



Joined: Sun Oct 28th, 2007
Location: USA
Posts: 6907
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I have been studying investing for a few years now. It is basically what I do. I have devoted 40 hours a week towards investing and studying the markets. At this point, there is no doubt in my mind that this is a bubble. However, I also know that bubbles can continue to grow for a long time and it is hard to predict ahead of time when it will burst. I will say this - amazon doesn't accept bit coin. Walmart does not. It is not that easy to pay for something with a crypto currency although the use has grown.

I have an investment in a very tiny firm in Vancouver that promotes a payment app and is indirectly related to alt currencies. It has flown up over 600% in less than 3 months. My investment was small - 37 cent basis, 4000 shares. I have removed a 1000 shares now and have all my basis back plus an $800 profit. Still have 3000 shares. Even if it collapses, I wont feel too awful now.