OneEyedDiva
SF VIP
- Location
- New Jersey
There are several out there now Bitcoin (BTC), Litecoin, Ethereum, Monero and others as listed in the linked article. Digital currency also called Altcoins and cryptocurrency are extremely risky but can pay off big time. Bitcoin had a very bumpy history. In Oct 2009, BTC was selling for $5.02 per "coin". By May 2010, someone purchased pizzas with 10,000 BTC valued at only $25. For the early part of 2011, one BTC was selling for less than a dollar. By April 2013 BTC was selling for $181 and dropped again after that. At the end of 2013, one BTC sold for between $872 and $1,022. Along the way there were problems with regulation, hacking of accounts, the perception that it would be used for illegal deals and dealing with the exchanges on which they were sold. In the meantime, BTC began to fluctuate wildly. As of today, the coin is down from it's high in the $20,000 range to $15,973 for one and is being accepted as a respectable means of paying for goods and services by more and more retailers. BTC became publicly traded on the stock market this month. Today it's in the $13,000 to $16,000 range. Wish I had bought at least one when I first heard about it but was leery due to all the issues back then.
A couple of weeks ago, my son called and asked me if I knew anything about Litecoin. I didn't and researched it a bit. We decided to put a little money in Litecoin (LTC), the so called "silver" to Bitcoin's "gold" status. Purchase and selling times is said to be easier and quicker and unlike some coins, we didn't have to use part of a Bitcoin to purchase. For me, since it is so speculative, I invested about 1/2 of 1% of my portfolio worth. LTC started out in 2013 at $3.46 per coin. As of this morning it's $283.07: We are hoping that LTC does a quarter as well as BTC. One can purchase part of a "coin". Mathjack, I'd love to hear your opinion about digital currency as an investment and the growing cryptocurrency market.
http://cryptorials.io/best-cryptocurrency-investments-2018/
A couple of weeks ago, my son called and asked me if I knew anything about Litecoin. I didn't and researched it a bit. We decided to put a little money in Litecoin (LTC), the so called "silver" to Bitcoin's "gold" status. Purchase and selling times is said to be easier and quicker and unlike some coins, we didn't have to use part of a Bitcoin to purchase. For me, since it is so speculative, I invested about 1/2 of 1% of my portfolio worth. LTC started out in 2013 at $3.46 per coin. As of this morning it's $283.07: We are hoping that LTC does a quarter as well as BTC. One can purchase part of a "coin". Mathjack, I'd love to hear your opinion about digital currency as an investment and the growing cryptocurrency market.
http://cryptorials.io/best-cryptocurrency-investments-2018/